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<p>[QUOTE=&quot;InfleXion, post: 1269720, member: 29012&quot;]This is correct, as if they were to ever unwind these positions they&#039;ll be taking a greater loss than prior to yesterday&#039;s actions. Essentially what this does is reduce the profit margins for banks holding Treasuries which actually makes lending more difficult since they typically buy up the short term which the Fed has now sold and thus reduced the price of. It goes against their mandate of price stability (although this unstable move could be construed is returning to a more stable price due to recent inflation), discourages lending, and has basically the opposite effect of QE so it makes me wonder what exactly they are thinking. Maybe they are more worried about inflation than they&#039;re letting on. Again I will defer to Peter Schiff since I really have no firsthand knowledge of these things, in that in his Schiff Report video on YouTube yesterday where I got this information from he postulated the goal here may be consolidation of banking power.[/QUOTE]</p><p><br /></p>

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