Fed Spending Hundreds of Billions on Bailing Out OTHER Governments

[FlyingTiger]

Read this just after I read that other thing about the upcoming dollar collapse. Jesus, that collapse will be a lot worse with hundreds of billions of EXTRA dollars in foreign hands that will panic to get value for them.

<snip>

For more than a year, the U.S. Federal Reserve System has been increasingly acting as the world's central bank, injecting hundreds of billions of dollars into foreign government treasuries in an effort to increase liquidity in those countries.

The foreign central banks have used the U.S. currency to bail out financial institutions within their borders. The Fed program links its balance sheet directly to the fates of foreign central banks at a time when they're on the ropes.

http://www.meltingpotproject.com/mpp/2009/03/bailing-out-the-world.html">Link to full thing

[mdavies013]

1. From what I hear....other countries were going to go after wall street for selling

crap wrapped in gold ribbon and guaranteed by AIG. Foreign countries were going to take severe actions against American business - basically seizing them in some manner and that is why we are paying money to other countries.

[FlyingTiger]

2. Wow.

Where did you hear that?

[Po_d Mainiac]

3. I'd like to see the documentation also...but it makes sense

As to how long we can buy hush money with more crap, remains to be seen. We can be thankful for the big puddles that separate us from the angry masses on the continents to the East and West of us......adds a whole new paragraph to the definition of the "Ugly American"