This year's "two sessions" before the closing press conference, Premier Wen Jiabao said with concern: "We put an enormous amount of money loaned to the United States, of course, concerned about the safety of our assets. To be honest, I did a bit worried. "

 Did not expect the next day, Obama President of the United States quickly give tablets of Premier Wen ate some kind of "assurance": "not only are the Chinese government, and every investor should invest in the safety of the United States have absolute confidence."

 However, even I did not realize is that Obama voice faded, March 18, the United States Federal Reserve Board announced that it would launch a series of policies designed to adjust the focus of significant measure, in addition to maintaining the federal funds rate to maintain the lowest point in history (zero to 0.25% range) the same, but also spend one trillion U.S. dollars on the purchase of government bonds and mortgage-related bonds. One of the purchase of mortgage bonds and agency bonds totaling 850 billion U.S. dollars, the next 6 months long-term buy 300 billion U.S. dollars of treasury bonds in order to unfreeze credit markets by injecting liquidity and stimulate economic recovery.

 Exclaimed the market, the United States to open a "Note Printing Machine," the.

 The message out that day, the stock market cheered the United States, a strong rebound in the Dow Jones index closed up 91 points, or 1.23 percent, the Standard & Poor's 500 index rose 16.23 points, or 2.09 percent, but the dollar has plummeted across the board, the euro against the U.S. dollar from 1.31 on the rapid red 1.3491, the pound rose against the dollar from 1.40 to 1.43 below.

 Rejections only "HKNPL"

 Since September last year, financial crisis, the United States Government has introduced a number of economic stimulus plan to stimulate the economy of the "generous" is unprecedented and widespread use of public opinion "bold", "controversial" and other words to describe the Fed's This "major decision", then why should the Federal Reserve introduced the New Deal to rescue the market heavyweight?

 In fact, the Fed financed the United States treasury bonds as well as direct purchase has "quasi-government bonds," known as the "two room" bonds, by their very nature the Federal Reserve is printing money to activate the machine, create a large number of dollars out of thin air. According to the United States, "Federal Reserve Act," period of economic crisis, the Fed has unlimited issuing currency, to any person the power of loans, without congressional approval. Previously, the Fed has been lending to assets of the project scale increased to 900 billion U.S. dollars from 1.8 trillion U.S. dollars. Today, more than 2 trillion U.S. dollars the Federal Reserve's huge on the balance sheet, lying government bonds, corporate bonds, securities, etc. all kinds of "assets", in essence, to become eventually the United States is the largest borrowers. For the purchase of these "assets", the Federal Reserve Note Printing machine only running this one way. One of the consequences of Banknote Printing, a variety of debt the United States "gold" has been diluted, the long term, the dollar will inevitably lead to the spread of the depreciation of the dollar.

 In this regard, Federal Reserve Chairman Ben Bernanke in an interview with the media, also call a spade a spade that had been lost in the space to cut interest rates, can only adopt a "quantitative easing" monetary policy, give full play to the "Note Printing Machine" feature, injection of liquidity to the market in order to stimulate economic recovery. Analysts believe that the current "zero interest rate" period, the Fed has officially taken the market by buying bonds to inject liquidity, "non-traditional modes of intervention," which also reflects the depth of recession in the United States of the seriousness of the economy.