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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: claireg who wrote (33194)	12/8/2010 10:15:05 PM
From: John	Read Replies (1) \| Respond to of 71456

Hi Claire, Thank you. Regarding the (d) explanation... ...and (d) foreigners in other countries fat and happy -- all at my expense! That was a reference to the report that the Federal Reserve spent trillions to bail out foreign banks and global firms. --- US Fed lent $3.3tn to multinationals, billionaires and foreign banks guardian.co.uk excerpt: US central bank releases details of thousands of secret loans to global firms as well as foreign banks and American billionaires [...] Sanders said he found it "most surprising" that huge sums were used to bail out foreign banks and corporations. "Has the Federal Reserve of the United States become the central bank of the world?" he said. --- Of course I realize that the Federal Reserve does not directly use our tax dollars, but the bill for their misguided actions eventually comes to taxpayers, directly and indirectly, in many ways.