Hey AC ists. I must say I feel let down by you.
You are allways banging on about Fiat currency this, Central Bank that, blah blah blah.
Yet when actual contemporary events are taking place concerning the above you are totally silent and would rather debate a blog post by Boro. I bet the vast majority of you dont even know that massive contemporary events are taking place as concerns the above.
NEWSFLASH FOR THE AC CROWD:
Central banks pour money into bank system
at least $323.3 billion in the past 48 hours.
There are seismic shifts/events occurring in the fiat system and the only one talking about it is me.
THIS WILL NOT DO.
If my opening comments and title seem harsh its because I wanted to grab your attention. I want to talk about this, I find it fascinating. Our global monetary system blows my mind now that I understand it better.
I have tried to discuss this in Business Finance and Investing but discussion goes like this:
Me: Hmm is this wise, is fiat money broken?
BFI Forum : Shut up you crazy fool, the FED = Gods gift to social organisation to question this is madness.
So to get the ball rolling I give you my source for the above information:
Open the flood gates.
[ QUOTE ]
The Federal Reserve and European Central Bank pumped money into the banking system for a second day on Friday to ward off a global credit crisis and the Fed said it stood ready to do more if needed.
Their moves came after Asia central banks joined a global campaign to keep money flowing through the arteries of finance. Central banks worldwide have injected at least $323.3 billion in the past 48 hours.
[/ QUOTE ]