“The USFed liberally uses its USDollar Swap Facility to enable strong bids by foreign central banks, except that they are highly likely coming from USFed accounts on foreign soil, or else from money lent by the USFed itself. Warning after warning have come not to monetize, not to debauch the USDollar currency, not to permit skyrocketing deficits. “
Whoa guys!!! This part triggered a memory...
Remember when that Congressman from Florida was laughing at Bernanke. The issue was that we ‘loaned’ international banks (don’t know who he says!?!) billions upon billions of dollars...
Also, the part that made me remember was the astonishment of the Congressman when finding out we gave like $? to New Zealand, enough for $? for every citizen!!
It just dawned on me. We are SOOOO monetizing our debt by buying our own debt!!!
Our dollar doesn’t have any value right now does it??? If we can’t get ANYONE to buy our debt except ourself??
It’s like paying myself with my own credit card!! After a while, you run out of credit cards to transfer money to!
Oh God help us.
Yup, I remember. It was $3,000.00 for every New Zealander.