Comment: defending the dollar

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defending the dollar

Maybe just maybe the Fed is protecting the dollar from a currency attack by defending it through foreign banks……..think about it, what better way to defend the dollar when you are in such a poor position. 11 trillion dollar net balance of payment deficit with only 148 million in foreign reserves to defend you currency and a 40 to 50 billion dollar month trade deficit…….this is a way to defend your currency without anyone knowing. You cannot print foreign reserves but you can print all the dollars you want, without this move the dollar would have been already done.