Fed to buy $600 billion in bonds to aid economy

Currency devaluation, also know as liquidity, is not a recent discovery. The use of depreciated money to service past debts under or maintenance of the current standard of living has been a solution for thousands of years.

The Federal Reserve announced a bold plan Wednesday to try to invigorate the economy by buying $600 billion more in Treasury bonds.

The Fed said it would buy about $75 billion a month in long-term government bonds through the middle of 2011 to further drive down interest rates on mortgages and other debt. This is in addition to an expected $250 billion to $300 billion in Fed purchases over the same period from reinvesting proceeds from its mortgage portfolio.

Source: news.yahoo.com