From: Revista Presei
Intrarea postată de Barbones ·
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Federal Reserve's Money Printing Failure
The Federal Reserve is the Central Bank of United States of America. It is responsible for printing the U.S. dollars & much more.
The reason for Federal Reserve's existence is to maintain price stability and maximum employment.
The Federal Reserve (and other Central Banks) have been 'printing' money in recent years under various code-names, includingQuantitive Easing (QE 1, 2, & 3), LTRO, SMP, TWIST, TARP and TALF, in order to bring unemployment down & speed up the economy. This article explains the failure behind the current money printing scheme and how banks, not people, get the money.
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Source: Revista Presei
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