Skip to comments.The Fed's Bailout Of Europe Continues With Record $237 Billion
Posted on 02/09/2013 1:05:05 PM PST by w4women
rest of title..Injected Into Foreign Banks In Past Month
Last weekend Zero Hedge once again broke the news that just like back in June 2011, when as part of the launch of QE2 we demonstrated that all the incremental cash resulting form the $600 billion surge in the Fed's excess reserves, had gone not to domestically-chartered US banks, but to subsidiaries of foreign banks operating on US soil. (snip)nother way of showing what has happened: in the past 4 weeks, the Fed has injected a record $237 billion of cash into foreign banks with access to the Fed's excess reserves:
(Excerpt) Read more at zerohedge.com ...
Words fail me.
My kids and yours are obligated to pay for this.
How does that make you feel!
Now you know why bankers live in gated communities, they have to.
Well, yes, but not directly.
There won't be any taxes levied to pay back debt because there is none. The FED just created the money and gave it to them. Your kids will pay, of course, through higher prices caused by the inflation of the currency.
But they'll think greedy businessmen caused that cuz the gummint told them so.
$237 billion to bailout Europe, but not enough to cover the $4 billion to refuel our nuclear aircraft carrier.
Wonder how much of this $$ goes to BBVA...the Basque-Spanish bank that is the “official bank of the NBA” and sponsors the BBVA Compass Bowl.
So many banks in the US are foreign owned now....TD, BMO Harris (Canada), BBVA (Basque-Spain), just to name a few
You Globalists that want Free Trade and Open Borders....hope you enjoy bailing out foreign banks