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 not being able to unload cargos from ships in Pakistani Ports. THAT IS WHAT I AM TALKING ABOUT.


The Federal Reserve is providing currency swaps to allies so their supply chains keep running, but shareholders and bondholders are wiped out. That is a great thing, exactly how it is supposed to work.

THAT IS NOT A BAILOUT.

THAT IS NOT A BAILOUT.

THAT IS NOT A BAILOUT.


Supporting Supply Chains at 4.75% penalty is NOT a bailout.

Supporting bondholders and shareholders at 0% rates is a bailout.


Supporting Supply Chains at 4.75% penalty is NOT a bailout.

Supporting bondholders and shareholders at 0% rates is a bailout.


Supporting Supply Chains at 4.75% penalty is NOT a bailout.

Supporting bondholders and shareholders at 0% rates is a bailout.


St. Jerome Powell is doing his job properly, following the current DC consensus to focus on PRODUCTION, which means Finance is dead.


God Bless St. Jerome Powell



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