…the Committee decided today
to increase the size of the Federal Reserve’s balance sheet further
by purchasing up to an additional $750 billion
of agency mortgage-backed securities
…the Committee decided to purchase
up to $300 billion of longer-term Treasury securities
over the next six months
Federal Open Market Committee
The Board of Governors of the Federal Reserve System
March 18, 2009
If the US Constitution says
All bills for raising Revenue shall originate in the House of Representatives
and the Federal Reserve announces
Purchases will be financed through the creation of additional bank reserves
to buy agency and Treasury securities
is creating money out of nothingness raising revenue
and will some foreign investors become more reluctant
to purchase agency and Treasury securities
because the Federal Reserve is?
How can the Fed
unilaterally increase American money supplies?
No State shall… make any Thing but gold and silver Coin
a Tender in Payment of Debts
Article I, Section 10, Clause 1
The Constitution of the United States
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