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Crisis Contained as Fed Purchases Mortgage Backed Securities

I don't appreciate a damn thing the FED is doing, because all it can do is create money by creating more debt. In an economy strapped by too much debt, how is creating more helpful? A complete overhaul of the fractional-reserve, debt-based money system is in order. It was created by an act of Congress in 1913, rolling over as usual to special interests back then as now. You can't keep re-arranging deck chairs on the Titanic. The debt-based money system is a creature with voracious tentacles. Put a knife in its heart already and let a treasury-based money system emerge that is not interest-bearing and that is not managed by a fractional-reserve banking cartel that is strangling the world. And while we're at it, insist that that lame body of men called the House and Senate balance the Federal budget, just as everyone else has to do in their respective households when they don't have access to a debt-money machine that turns the American people into indentured servants!