Thursday, April 29, 2010

Rising Federal Debt Found to Cause Intestinal Alien Syndrome

The Mogambo Guru's Federal Reserve Alarm (FRA) has just rung to tell him something is up.

What's up is that LAST WEEK, Fed Credit was extended by $20.5 billion, the Fed bought up $21.5 billion in US government securities, and the U.S. Congress national debt increased by $42 billion. In ONE WEEK!

As you might imagine, there was much wailing and gnashing of teeth in the Mogambo Big Beautiful Bunker (MBBB).

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