Copper $ 5.51 / lb 1.52%
Brent Crude Oil $ 60.47 / bbl 1.17%
Palladium $ 1786.9 / ozt 0.50%
Crude Oil $ 56.52 / bbl 1.11%
Natural Gas $ 3.984 / Btu 1.07%
Silver Futures $ 67.489 / ozt 3.17%
Aluminum Futures $ 2962.5 / ton 1.45%
Micro Gold Futures $ 4418.8 / ozt 0.53%
Micro Silver Futures $ 67.489 / ozt 3.16%
Platinum $ 2018.6 / ozt 3.35%
Gold Futures $ 4387.3 / ozt 0.54%
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Buying $600 Billion in Debt with Debt

James West - MidasLetter.com | November 05, 2010 | 9:14 am

Here is the glaring hole in the United States Federal Reserve's approach to what it calls stimulus, and what history will one day categorize as fraud: You can't use your own debt to purchase more debt when you can't repay...

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