Department of the Treasury

[Bono]

This will for the rest of my tenure be the thread for announcements regarding monetary policy or other treasury business. While I still don't have all the data I requested from the GM, i don't think it is apropriate to hold business any longer, so here is this week's order of business:

1) Increase interest rates by 0.5% to 4.25%

2) raise the required reserve rate by 0.25%

3) Have the Reserve sell $600 Million in bonds and securities.

4) Arrange the purchasing of a ton of gold for the fed's reserves.

[Bono]

I have issues with #3.  I don't like increases in the federal deficit.  It seems most of those securities will be held in foreign hands.  What do you propose we do to stem this rising tide?

I reduced the value of bonds and securities being sold a lot from my predecessors.

[Bono]

So new order of business:

1) Increase the interest rate by 0.75% to 5%

2) Raise the required reserve rate by 1%.

3) HAve the Reserve sell $400 Million in bonds and securities.

4) Purchase one more ton of gold.


I understand that these may be considered harsh measures, but I must protect the economy against the inflationary pressure that will come when the senate passes the new minimum wage.

[Bono]

Here we go again:

1) Increase the interest rate by 0.50% to 5,5%

2) Raise the required reserve rate by 1%.

3) HAve the Reserve sell $700 Million in bonds and securities.

4) Purchase one more ton of gold.

Also, it'd be nice to get some feedback from the GM.

[Bono]

1) Increase the interest rate by 0.50% to 6%

2) Raise the required reserve rate by 2%.

3) HAve the Reserve sell $500 Million in bonds and securities.

4) Purchase one more ton of gold.

Also, your submission is aknowledged, Governor Jas.

I am also very pleased to report that inflation is responding well to my shock therapy.

[Bono]

Why don't we moderate our tightening of the money supply now that inflation is down but economic growth is being slightly stiffled?

Actualy, at least until I get the April numbers and probably after them, unless they come as a complete surprise, interest rates will stay where they are for a while.

[Bono]

1) Increase the interest rate by 0.75% to 6.75%

2) Raise the required reserve rate by 4%.

3) Have the Reserve sell $700 Million in bonds and securities.

4) Purchase two more tonnes of gold.

I apologise for my absense lately.

[Bono]

1) Increase the interest rate by 0.75% to 6.75%

Given your consistent hikes in interest rates Mr Secretary, lets just say I look forward to the day when the Corporate Benevolent Funds are in full swing, at which time firms party to such schemes will be able to borrow for the purposes of expanding at a more affordable rate of interest

Of course, on a more positive note, such increases will provide an incentive to save

'Hawk'

And I look forward for a day when people living on fixed incomes, or families putting together an egg's nest, won't have to risk their money in wild schemes to avoid the delapidation in the value of their money caused by a fiscally irresponsible mentality.

[Bono]

1) Increase the interest rate by 1% to 7.75%

2) Raise the required reserve rate by 5%.

3) Have the Reserve sell $900 Million in bonds and securities.

4) Purchase three more tonnes of gold.

[Bono]

Is this necessary?

I've been away for a while, so this seems like a lot, but it's just because it wasnt done in smal steps.
Interest rates will stay there until a new GM gets appointed, or until I get kicked out, whichever happens first.

[Bono]

This is very tentative, and if inflation gets back up it's gonna be rolled back but:

1) Decrease the interest rate by .25%% to 7.5%

2) Maintain the required reserve rate..

3) Have the Reserve sell $800 Million in bonds and securities.

4) Purchase one more tonne of gold.