interesting that you say this:

Right now Venezuela and Iran are trying to force
the meeting to issue a statement on the Dollar.

The KSA is blocking it.

" NEW YORK, Nov 15 (Reuters) - The Federal Reserve on Thursday pumped its biggest temporary daily infusion into the U.S. banking system since just after the Sept. 11, 2001 attacks as short-term lending rates rose on both sides of the Atlantic.

Even though some news about bank write-downs from riskier investments was not as dismal as some investors had feared, underlying strains pushed overnight lending rates up in both the United States and Europe.

"There was a bit more focus on the Fed operations today in context of the rise in Libor (London Interbank Offered Rates)," said Tony Crescenzi, chief bond market strategist at Miller, Tabak & Co. in New York."

Arkansaw of Samuel L Clemens

My understanding is that these injections are attempts to keep interest rates down now that the economy is no longer growing and we have peak oil induced inflation. ( stagflation ) No one is willing to take risks without high returns. What these injections indicate is that the Fed has lost control of interest rates because they are going against the needs of the market. The Feds can only control to some extent the magnitude of the economy and then in general only when its growing. They cannot change the direction of the economy and they are actually as its becoming more obvious unable to control interest rates. We pretty much have no choice but to undergo a period of high interest rates so investors can recover all the capitol they have lost over the year.

The Fed in trying to stop this could well destroy itself.

TOMO's and POMO's are two completely different things.

POMO's are permanent and don't expire short term.

The last POMO was on 05032007
http://www.newyorkfed.org/markets/pomo/display/index.cfm

And the numbers you mention are wrong, they fail to consider TOMO expirations.

I just posted a link in response to someone else.

People are looking at the wrong numbers while howling for a bail out. Low interest rates just devalue the U$S. If the people whining for adjustable rate relief had any idea as far as what they are doing they would be looking at LIBOR rates that are overwhelmingly used for rate resets. People need to learn to read the papers they sign.

So far LIBOR has been going up while US rates have been going down.

Wrong, $40-$45 billion is "sloshing".

Poor and working class are a lot more generous with in kind donations to food pantrys. Boy Scouts are a white, middle and upper class phenomenon and might not be as attentive to that type of project too. What part of the country do you live?Bob Ebersole

The articles I've read have blamed several factors, including increasing reluctance by supermarkets and restaurants to donate food. (Fear of lawsuits, and more efficient inventory control.) There's less food from the US government, because there's less surplus this year. But probably the biggest factor is that people are being squeezed. They aren't donating as much to churches, the United Way, and other charities that often donate to food banks. People who can't get enough gas to get to work or can't pay their mortgages can't donate as much. In May, postal workers ask people to put nonperishable foods by their mailboxes for local food pantries. They collected about half what they usually do.

I read somewhere that the poorer you are, the greater percentage of your income you donate to charity. Not sure exactly why. Part of it might be that if you're poor, any donation is a greater percentage of your income than for a rich person. Part of it might be that the poor are more likely to be sympathetic to those in need. And it might be cause and effect: generous people are more likely to be poor, because they keep giving their money away.

Whatever the cause, I suspect donations will drop as the poor and middle class are increasingly squeezed...and it won't be made up by the well off, no matter how well they are doing.

Food banks in desperate need

The drumbeat calling for donations gets louder during the holidays as food banks struggle to help people get through the winter.

Aid groups say their shelves are nearly bare, yet more people are coming to them for help as the economy sputters, fuel costs spike and food prices rise.

One family profiled in the story makes $7,500 a month, has a cow and goat for milk and chickens and ducks for eggs...and still has trouble making ends meet. Even with six kids, that's kind of hard to believe.

The pigs however could be heard cheering the news :)

There are a few people I know of at my workplace who do that. Their families are, on average, 4 or 5 hours away and they only go back on weekends. Considering the distances, I think that one trip home costs them the same as a regular commuter coming daily from the surrounding area - and I don't think they even live close enough not to do that too.

Slave camps like that get discovered in the Los Angeles area periodically too.

We already got bay area inflation then.

Probably still got some time before the excess runs out though. Here's a rather humorous indictment of exuberance to rid ourselves of our excess trash:

(November 15)
Mall of America: Free electronics recycling

It's Green Thursday today at the Mall of America, kicking off a three-day free electronics recycling event billed as the largest ever undertaken in the United States. [snip]

(Off to China. Better to pollute far away...)

***

(November 16)

Public has need to be freed of tech trash

A three-day effort at the Mall of America to collect electronics for recycling was cut short Friday because of the overwhelming public need to jettison old stuff.

More than 1 million pounds were collected before the company decided it was all they could handle, said an official with Materials Processing Corp. (MPC) of Eagan. The collection filled 86 trucks. [snip]