FEDERAL RESERVE CURRENCY SWAPS - explained
After the news UBS taking over CS with guarantees from the Swiss National Bank, now we have Federal Reserve providing Currency Swaps to US ally central banks . What have we seen thus far? We have seen shareholders and bondholders being wiped out, but deposits needed for payrolls, meaning to run the REAL SUPPLY CHAINS, have been supported. The support is now NOT at 0%, the support for payrolls to keep supply chains going is at an onerous 4.75% interest to be paid to the Fed. THIS IS A GREAT THING, AND IT IS EXACTLY WHAT THE FEDERAL RESERVE WAS ESTABLISHED FOR, TO PREVENT COLLAPSE OF SUPPLY CHAINS. THIS IS A GREAT THING, AND IT IS EXACTLY WHAT THE FEDERAL RESERVE WAS ESTABLISHED FOR, TO PREVENT COLLAPSE OF SUPPLY CHAINS. THIS IS A GREAT THING, AND IT IS EXACTLY WHAT THE FEDERAL RESERVE WAS ESTABLISHED FOR, TO PREVENT COLLAPSE OF SUPPLY CHAINS. Few have noticed, but Pakistan, which had been disobeying US for quite some time already, has an immense shortage of dollars, to the point of n