Fire up the presses

The US Fed just announced that it will purchase up to $300 billion of longer-term Treasury securities over the next six months. In plain English this means that it will start its printing presses. Actually, they don’t need old (and slow) presses, they can create the money via computer – out of thin air. And lots of it.

What this means: Hyperinflation on collision course!Brace for impact!

About Daniel Tiggemann

Software-developer living in Cologne, Germany. Was once a physicist, specialized in computer simulations and parallel programming. Now more into JavaScript, web frontend development, and especially mobile computing.
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