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overtheedge
Member since May 2012
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The Fed Is Printing Money, But Where Is It Going? They Know But Will Not Say

- Jesse - Le Café Américain

There is another place this money is being secreted away.
Currency Swaps. Never under-estimate counter-party risks.
Now consider the effects of repatriating the currency involved in the swap when the national bank goes into receivership.
Just who do you think are the senior creditors?

Commented 4215 days ago

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Beginning of the headline :[Robert McTeer] worked for the Federal Reserve for 36 years, including as president of the Federal Reserve Bank of Dallas from 1991–2005, where he was known for his plain, jargon-free public speaking and telling stories about growing up in rural Georgia. He has stated that one of his goals was "to translate economic sense into common sense". As a member of the Federal Open Market Committee on the Federal Reserve, he was considered "dovish" on inflation and was one of the most consistent opponen... Read More

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