Thursday, March 19, 2009

Check Your Trees

"The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities...The action makes the Fed a buyer of long-term government bonds rather than the short-term debt that it typically buys and sells to help control the money supply." [link]

Does anyone else wonder where this money comes from? If any of you out there have money trees in your yards, or on your property, I would advise checking them daily. I think the Fed might be using civilian money trees to tinker with the economy.