Bernanke revs up Helicopter... prepares to dump money...

But of course... only into the coffers of corporations and local governments (you still get it LAST, when it's been devalued).

"Under a proposal being discussed with the Treasury Department, the Fed could buy vast amounts of the unsecured short-term debt that companies rely on to finance their day-to-day activities." The central bank may buy commercial paper from corporations and municipalities.

From NYTimes:
http://www.nytimes.com/20...

Via:
http://www.bloggingstocks...

So the Fed is going to basically buy BONDS and other "paper" (that's financial speak for an otherwise worthless "IOU") -- and how does the Fed (purportedly) finance its own ability to pay for such private and local government bonds? Why by selling its own IOU's in the for of T-Bills, etc. (Which are in turn bought by people who otherwise might have bought those private and municipal bonds -- go figure).

The "fascist" aspects of this whole thing are growing at an exponential rate. Everything they try fails to work... so they try even MORE of the same thing, just in a new area.

This is like starting the furnace and hooking up a bunch of space heaters... but then being impatient because the house isn't warming up as fast as you expected... so you decide to douse the furniture with gasoline and toss in a match! After all, THAT should warm things up, right?