It appears that all major powers in 2014 signed an agreement to bail each others banks out kind of like the NATO arrangement with security this one is financial. I first got wind of it listening to Glen beck while driving. He reported that the FED has been pumping 75-100 billion dollars a day into the banking system and no-one knows which banks and the government doesn't seem to be interested either. There is speculation it is to cover bank losses in Europe . In Europe they do not have to calculate losses into their balance sheet so it appears everything is fine until it isn't . So if I'm understanding what I am reading the US taxpayer is bailing out European banks. Marty
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foreign bank bail out
- Thread starter m1west
- Start date
Marty I would love to be able to confirm this, but as much as I have tried, I can not find anything definitive about this.. IF we really are, I think it is fool hearty and well, stupid....
Anyone else?
Regards, Kirk
Anyone else?
Regards, Kirk
Bamby
New member
Well you've discovered the problem of having an entire economy based on nothing, you can't make it accountable because a unlimited amount is available and just a few short keystrokes away.
Rich Uncle is Back From Vacation…
Rich Uncle is Back From Vacation…
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Kirk I downloaded these but the must be encrypted as they will not let me post them or my computer skills are lacking. So here are screen shots you should be able to Googe and find them. Marty
