NO MORE FEDROS
Fedros are money created by the private US Federal Reserve out of thin air
It appears that 1 Fedro = 222 Icelandic Krona and therefore 1 Fedro = 1 $US
It appears the private US Federal Reserve is able to create Fedros out of thin air and pass them off as $US - within the US and overseas
They seem to prefer passing them off as $US instead of Icelandic Krona - there is not much demand for IK these days
The US Federal Reserve only has a limited $US asset base yet it has created loaned/swapped up to $2820 billion within the US and overseas
It has loaned the equivalent of $2200 billion Fedros as $US within the US without any transparency with its government See
It has swapped the equivalent of up to $620 billion Fedros as $US to countries that include Australia, Canada, Denmark, England, Korea, Mexico, New Zealand, Norway, Singapore, Sweden, and Switzerland. See http://www.federalreserve.gov/monetarypolicy/bst_swapfaqs.htm
NO MORE FEDROS
What Goes Around
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Today is a holiday in Ireland. We celebrate the dead saints.
The post What Goes Around appeared first on Daily Reckoning Australia.
1 year ago
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