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Federal Reserve Opens Credit Line to Europe

WASHINGTON – The Federal Reserve on Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.

Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank, are also involved in the effort.

The action reopens a program put in place during the 2008 global financial crisis. Under the program, dollars are shipped overseas through the foreign central banks. In turn, these central banks can lend the dollars out to banks in their home countries that are in need of dollar funding to prevent the European crisis from spreading further

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Why Is This News

Why do you think all these new commercials for physical gold are on tv thise days? Wonder when the new bills come back to the U.S. 2006 last issue date.

The problem with socialism is that eventually

you run out of other people's money. Eventually, just not yet.
.

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

.

.

Bend Over America

And the draining of our wealth continues...

"The body is but a vessel for the soul,
A puppet which bends to the soul's tyranny.
And lo, the body is not eternal,
For it must feed on the flesh of others,
Lest it return to the dust whence it came.
Therefore the soul deceives and despises."

They can paper over all their mistakes

Right up to the point where they can't and then it's back to the Flintsones for the rest of us.

Would these countries be

the "modern developed countries with universal health care programs" that are constantly pointed-out by liberals as being what the US should strive to be?

Funny, that.

Vaseline anyone? We are

Vaseline anyone? We are getting screwed again.

We are not planning to...

bailout any other countries. Bernacke the Liar.

http://www.youtube.com/watch?v=bBGfJOA518o#t=4m27s

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I know major allies who fund them" Gen. Dempsey referring to ISIS

Bernanke lies

I think Bernanke also lies about the legality of the Fed appropriating funds to make huge currency swaps with other countries.
The Constitution says appropriations must go through the House of Representatives. I can't find anything in the Fed's charter that hints at allowing the Fed to swap our currency and put all of us on the hook if those foreign banks fail to unwind the swaps.

The people are slowly waking up to the Fed's frauds.

nothing surprises me anymore

Zimbabwe School of Economics.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

of course this happened over Mother's Day weekend

nice for the news cycle.

Stop Whining And Get Back To Work ..

Someone has to pay for socialist Europe's summer vacation and Bernanke just decided that that someone is you.

Tying our dollar further to Europe's

is going to increase international pressure to suppress competing currencies.

Defend Liberty!

commodities are going

Oil is a commodity not a currency. It's spurting higher this morning, which will trickle into price at the pump increases in a couple weeks.

They can't control all of the commodities.

Coming to the rescue?

The Fed offers debt as a solution. That is a form of enslavement.

Look around and you'll see a common denominator...nearly everyone (from individuals to companies to countries) is in debt to the international bankers.

It's the global plantation.

What if enought people wake up

and realize it's all a fraud built on fake money, and decide not to pay? That could be the big do do the banker's didn't count on happening!

How would you not pay?

Get out of debt? Save up enough that you don't need to work (income taxes)? Cut back drastically on spending?

Pffft, people just don't believe in that kind of stuff anymore.

And if the people did manage to stop funding the Fed Reserve, the gov would just declare another emergency and take our wealth (stocks, property, gold, lives).

I hate to break to everyone, but this is about FORCE...not money. It always has been, it always will be.

Invade the World, Invite the World, INSURE the World

This is the strategy.

To destroy the united States of America; destroy our demographics, culture, economy, our will to resist and, finally, our ability to resist.

******************************
The Virtual Conspiracy

Here we go again

Coming to the rescue of Europe. Wasn't enough to send our boys to die in WWI and WW2 for them--for their failed diplomacy and vain saber-rattling?? Now we have to accelerate our race to the bottom bailing out their wonderful and perfected European Union and Eurodollar socialist system. What happened Europe? What went wrong with your wonderful plan for a perfect economy?

It must be pretty bad what has happened to Greece, if we have to help plug the hole. Metaphorically, it will cost us like a D-Day at Omaha Beach. Perhaps worse, this may be the lit fuse that brings a world-wide depression.

Conscience does not exist if not exercised

"No matter how cynical you get, it's impossible to keep up!
---Lily Tomlin

D - Day

at OBAMA Beach is more like it.

HAH!

Well said!

Conscience does not exist if not exercised

"No matter how cynical you get, it's impossible to keep up!
---Lily Tomlin

But we need to save the Euro

.. Naw, Just kidding.

It does gripe me to no end that I ( and many others) are being made poorer so that the dream of world government doesn't fall flat quite yet.

:'(

Even Switzerland :'(

They are on a collision

They are on a collision course!

End the F$D!

This conflicts with

This conflicts with Bernanke's congressional testimony that they had no plans to bail out Greece. Bernanke has now committed perjury I believe - if that applies to Congressional testimony.

It may have not been under

It may have not been under oath, but it would make some interesting media that would no doubt help the audit. I would send the video to media all day if I did not have work..

Mises.org
Know your stuff, learn real history and economics @LibertyClassroom.com

I don't recall them ever

I don't recall them ever putting the FED under oath during the hearings. The committees are usually so weak-kneed that they rarely do so from what I have seen. During Bush alot of Dems wanted oil execs to be under oath and the Rep leadership always blocked it.

THIS IS ABSOLUTE THEFT...

...from the American taxpayer.

We need to educate as many sheeples as possible about our knowledge of this.

WE SHOULD GET OUT of the IMF...NOW.

I cry THEFT!!!

Our poor founders must be spinning in their graves.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Chain of Investment Holding: Fed > US Treasury Since 1921

U.S.A., under new management since 1913.

  • IMF Owner. Using "Special Drawing Rights" to loan what they don't own.
  • Fed Owner. Making fiat legal tender to loan to you at interest.
  • US Treasury Owner, 1921. Try to figure out why both "US Treasurer" and "Sec of Treasury" both sign your promise to pay, "Fed Reserve Note." Why so many of your promises went to Greece the skids today.
  • IRS, HQ a Puerto Rico Corp. Delaware Subsidiary
  • DTCC, 2 Quadrillion cash flow. See Depository Trust Clearing Corp. Sub-search: SeekingAlpha
  • CEDE Co., owns what you think is your asset. $20 T assets. Sub-search: SeekingAlpha
  • DailyPaul Forum About Fed Monopoly Boys $2 Quadrillion Cash Flow

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The banksters have been so slick....

and smooth at bending us over for the past 100 years...Why such a mess now unless this is part of what they want to happen..caos, panic, uncertainty, REVOLUTION?

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I know major allies who fund them" Gen. Dempsey referring to ISIS