Skip to comments.Did The Fed Just (Surreptitiously) Bail Out Europe?
Posted on 04/12/2010 11:37:24 AM PDT by Zeddicus
No, not just Greece - all of Europe. Without Congressional authorization or notice, of course.
Hattip to a nice emailer....
Or if you prefer it on a one-year time scale...
That nice little vertical line is a gain of $421.8 billion dollars of outstanding loans and leases in one week's time.
WHERE THE HELL DID THAT MONEY GO AND WHAT COLLATERAL WAS TAKEN AGAINST A FOUR HUNDRED BILLION DOLLAR INCREASE IN OUTSTANDING LOANS?
You won't find anything like that in the records - because it's never happened before. That's beyond unprecedented, it's ridiculous, and assuming it's also accurate, someone has some 'splaining to do on what clearly appears to be some sort of back-door game being run.
If this government isn't our own worst enemy, I don't know what is. Hell with al Qaeda, a worse enemy is already inside the gates.
Very “unexpected” from the most transparent administration ever.
I wouldn’t be surprised. Soros has been complaining about the European Union disintegrating. Nobama is a friend of Soros (and probably his lackey), so I surprised no one suspected it would happen before now. It probably came through the IMF, except I’m no sure our government acquires loans if it give the IMF money. More of our tax dollars at work. He said that he would “change the world.” Now Americans are surrendering their wealth to the entire world. Talk about redistribution of wealth.
Why worry? It’s just paper...
I thought the IMF was bailing out Greece, doing the job it was established to do from the very beginning.
It is, but where do you think the IMF is getting the money to bail out Greece (and the rest of EU)?
Actually, many the nations contribute to IMF funding. It is incorrect to attribute it all to American taxpayers. The IMF was originally established for exactly this purpose.
It is my understanding that an offer was made but not yet accepted by Greece.
What freedom. Europe still has their freedom.
I have no idea..but the total appears to be less than it was in April of last year. Could this be some sort of accounting measure or related to income tax returns being filed?
Well, if not, it was money well spent to avoid WWIII for 60 years.
The proof in the pudding: Europe/Germany hasn't conjured another Hitler to rise up and wreak havoc.
OTOH, The United States has instead conjured up our own dangerous demagogue.
In the next administration, Denninger might be an interesting choice as the special prosecutor to investigate the financial bailout.
Russia said since they changed sides they didn’t have to pay back any dough. Britain, right up until the 50’s, I believe, was paying interest on the money (which interest payments had already paid back the original loan) and were forgiven paying any more since they were on shaky financial ground. That’s the only two I recall knowing anything about.
I believe it disappeared right around the en of 2008
So how many people are still going about their daily lives, largely unchanged from 2 years ago or so? We have made drastic changes to our lifestyle to adapt to this new reality. I hope everyone else packs up for Galt's Gulch before it's too late; don't get caught with your pants down.
“The IMF was originally established for exactly this purpose”
Yes, as inspired by such luminaries as Lord Keynes. Which is precisely why it sucks.
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