Give?
Yeah,, give. The Fed created it out of thin air and is “loaning” it at negative real rates. And they will tell us soon it was all paid back. It’s a joke.
Let me lay down a beat and see if you can follow it. If the Euro is in trouble, and fiat money can be created without cansequences by US. Then why are we not seeing the EU central bankers just print up all they need for all the “liquidity” they need?
For bonus points, explain why counterfeiting is still a crime. North Korea supposedly printed 45 Million (with a capitol M!) in “supernotes”. This is about .005% of the money the Fed created out of thin air for the “stimulus”.
If the liquidity of the banks is an issue, and the currency will not be debased as a consequence of freely creating dollars out of thin air,,, then why not just create Euros out of thin air in THEIR central banks?
And if American banks face exposure and need bailing out, why, they could just “loan” them to US banks holding risky EU paper and derivatives,, and everything would just be fine, huh?