Central banks prime the pumps to stem financial crisis

September 18, 2008

Hi,Another perspective on printing money. Its was the first round of liquidity injection back in during the Tech bust that lead to the size of the current bubble.http://cosmos.bcst./up/player/popup/?rn=289004 & cl=9791804 & src=finance & ch=1316259Andrew--- On Thu, 9/18/08, Cosmologer <cosmologer wrote:Cosmologer <cosmologer Central banks prime the pumps to stem financial crisissamva Date: Thursday, September 18, 2008, 4:48 PM

Dear friends,

While the things in the USA and around the world will likely continue difficult in coming months, the coordinated actions of authorities around the world to inject cash into the international financial system will likely contribute to stem the global financial crisis and result in more favourable developments later. That said, the amount of stimulus appears to be dwarfed by the large losses on the markets...

Fed, ECB, BOJ Take Joint Action to Alleviate Tensions (Update1)

By John Fraher and Brian Swint

Sept. 18 (Bloomberg) -- The Federal Reserve, the European Central Bank and the Bank of Japan joined with their counterparts around the world to pump dollars into the financial system and head off a deepening crisis.

The Fed said it authorized other central banks to auction $180 billion in dollar funds to financial institutions, in a statement on its Website. A joint release said that the Bank of England, the Bank of Canada and the Swiss National Bank also participated.

http://www.bloomber g.com/apps/ news?pid= 20601087 & sid=aFtYei.gesn0 & refer=home

Best wishes,

Thor

September 18, 2008

Hi,I am now a gold bug too. :)Think the time for gold has return.Andrew --- On Fri, 9/19/08, Cosmologer <cosmologer wrote:PS Andrew, thank you for the link. Ron Paul is an interesting politician - a perennial "gold bug".