Relevant:
- Fed's Auction Scam
- Federal reserve cuts target interest rate to zero to support economy during coronavirus pandemic
- Fed Raises Discount Rate, Dollar Soars, Equity Futures Sink, What's It Really Mean?
- U.S. Homebuilders Rise After Federal Reserve Cuts Discount Rate
- The suffocation of unsustainable global debt -- Total global debt is now over $190 trillion and more than three times global GDP.
2007-08-17 — bloomberg.com
"he Federal Reserve unexpectedly cut the discount rate and said it's prepared to take further action to ``mitigate'' damage to the economy from the rout in global credit markets." --All they did was put debt into the market.
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