The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Broken_Clock who wrote (65388)	3/4/2021 1:04:44 PM
From: ggersh	1 Recommendation Recommended By marcher Read Replies (2) of 71441

The depression started under tRump what's real surprising is that the $$$$ is holding up wallstreetonparade.com Senator Ossoff Drops a Bombshell: “The 12 or 13 Largest Banks” Got the Trillions from the Fed’s Repo Loans Last Year By Pam Martens and Russ Martens: March 3, 2021 ~ The new, 34-year old Democratic Senator from Georgia, Jon Ossoff, let a very big cat out of the bag at yesterday’s Senate Banking hearing. For at least a year, from September 17, 2019 through at least September 30, 2020, the New York Fed, acting as an agent for the Federal Reserve, doled out a cumulative $9 trillion or more in repo loans. The Fed would say only that the money was going to some of its 24 Primary Dealers on Wall Street, without naming any specific bank receiving the money. In June of 2020, the New York Fed abruptly stopped reporting the dollar amounts it was pumping out each day. (See Watchdog Report: Fed’s Billions in Emergency Repo Loans to Wall Street Didn’t Go Away in June; They Just Went Dark.) The emergency repo loans by the Fed began months before there … Continue reading ?

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