The Federal Reserve, desperate to juice up the US economy, is to boost the loans it plans to make available to banks this month to $100 billion.

According to AP: “The Federal Reserve announced Friday that it will boost the size of auctions planned for March 10 and March 24 to $50 billion each. That is up from the $30 billion limits it had previously announced.”

The Fed has also announced that it will make $100 billion available to financial players through a series of separate transactions.

“While it is trendy to bash the dollar these days,” says Marc Lichtefeld, “and Marc Faber just came out and declared that Bernanke is in the process of ‘destroying’ the dollar through the Fed’s monetary policy, it’s worth keeping one thing in mind…

“If inflation continues to rise and Bernanke is forced to hike interest rates, it should help put a floor under the currency.”