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	<title>Matterhorn Asset Management &#187; printing money</title>
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	<description>Wealth Preservation and Investment in Gold</description>
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		<title>Quantitative easing = Unlimited printing</title>
		<link>http://matterhornassetmanagement.com/2009/03/19/quantitative-easing-unlimited-printing/</link>
		<comments>http://matterhornassetmanagement.com/2009/03/19/quantitative-easing-unlimited-printing/#comments</comments>
		<pubDate>Thu, 19 Mar 2009 15:29:05 +0000</pubDate>
		<dc:creator>Egon von Greyerz</dc:creator>
				<category><![CDATA[English]]></category>
		<category><![CDATA[Newsletters&Commentary]]></category>
		<category><![CDATA[printing money]]></category>

		<guid isPermaLink="false">http://matterhornassetmanagement.com/?p=207</guid>
		<description><![CDATA[by Egon von Greyerz
The Fed decided yesterday to spend another $ 1.15 trillion to try to save the financial system. They will spend $ 750 billion to  buy mortgage backed securities and $ 300 billion to buy long term Tresuries.

These purchases will make the Fed's balance sheet baloon to $ 4 trillion. Most of their assets will consist of worthless and unmarketable paper.

The total committed spending by the Fed and US treasury is now approaching $ 13 trillion. This amount is higher than US GDP for 2009!

But this won't be enough. We have previously forecast that total support  or money printing will reach $20-30 trillion. We now ask ouerselves if]]></description>
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