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About Me

Missouri, United States
I consider myself the "black sheep" of the family. I moved away from home when I was 19 and a year ago I decided it was time I moved back home....so glad to be among family and friends. I grew up playing the piano but haven't played in years. I have always thought outside the box, wanting to move to Boquete Panama, I am a tea party participant. I am a reiki master and I have 2 good guard dogs....a dachshund and Jack Russell terrorist. I go to alternative news websites daily for news (don't trust MSM to tell the truth). Operation mockingbird is a CIA operation that began in the '40's to control the media both foreign and domestic. This is why I go to alternative news websites. For an excellent article to read on the subject I suggest http://www.prisonplanet.com/analysis_louise_01_03_03_mockingbird.html

I WANT YOUR MONEY TRAILER

Wednesday, May 12, 2010

WE'RE GOING TO 'BAIL-OUT' EUROPEAN BANKS NOW, .. RIGHT?

WE'RE GOING TO 'BAIL-OUT' EUROPEAN BANKS NOW, .. RIGHT?

Posted By: Susoni
Date: Wednesday, 12-May-2010 01:38:03

This needs to be shouted from the roof-tops!!

Susoni

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(snip)

From The Fed:
http://www.federalreserve.gov/newsevents/press/monetary/20100509a.htm

In response to the re-emergence of strains in U.S. dollar short-term funding markets in Europe, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing the re-establishment of temporary U.S. dollar liquidity swap facilities.

There's been no "strain" in dollar funding markets.

There has been an extreme level of strain in Euro funding markets.

But see, the Europeans just announced they're going to use an SPV - that is, a secret off-balance sheet funding vehicle with over €400 billion in it.

Who's going to provide the €400 billion? The Fed? (Yes, I know what the Euro folks said. Now how about some transparency? You see, I trust them as much as I trust OUR political and banksters - that is, not at all.)

With what authority does Bernanke effectively appropriate?

Was there an appropriation bill that I seem to have missed by Congress? Or has Bernanke, once again, decided on a unitary basis to entirely ignore the US Constitution?

And furthermore, if he has, will Congress stand for it?

We're going to bail out European banks now, right? US banks weren't enough. Oh wait - we did European banks in 2008 too, didn't we?

Uh, exactly how many taxpayer dollars from US Citizens is The Fed going to give to European banks this time?
Link:
http://market-ticker.denninger.net/archives/2297-Bernanke-Liar-Again.html

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AP article:

Federal Reserve Opens Credit Line to Europe
http://www.foxnews.com/world/2010/05/10/federal-reserve-opens-credit-line-europe/

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