Is this why the Federal Reserve won't say where the $10 trillion went?

.... to foreign governments....at your risk and peril?





Unbelievable .. but it could explain why the Federal Reserve will not disclose the recipients of the approximately $10 trillion it has "loaned" over the past 18 months





See this article from Huffington today





"US Injecting Billions into Foreign Central Banks"


http://www.huffingtonpost.com/2009/03/17鈥?/a>





some quotes from the article (capitalization added for emphasis)





"For more than a year, the U.S. FEDERAL RESERVE System has been increasingly ACTING AS THE WORLD'S CENTRAL BANK, injecting hundreds of billions of dollars into foreign government treasuries in an effort to increase liquidity in those countries.





THE FOREIGN CENTRAL BANKS HAVE USED THE U.S. CURRENCY TO BAIL OUT FINANCIAL INSTITUTIONS WITHIN THEIR BORDERS. THE FED PROGRAM LINKS ITS BALANCE SHEET DIRECTLY TO THE FATES OF FOREIGN CENTRAL BANKS AT A TIME WHEN THEY'RE ON THE ROPES.





THE PROGRAM HAS SO FAR GONE UNREPORTED IN THE MAINSTREAM MEDIA and is a major expansion of Federal Reserve involvement in the global economy. It represents a stark break from the prior role of the Fed, moving it into territory more traditionally occupied by the International Monetary Fund (IMF).





The program puts both the Fed and the foreign central banks at increased risk. If the bailed-out banks can't repay the loans, the foreign central bank is still on the hook to the Fed. It would have to raise the money by selling debt -- which most Europeans are finding difficult today -- or raise taxes or cut spending, actions that further exacerbate the economic crisis. OR, THE FOREIGN CENTRAL BANK COULD DEFAULT, LEAVING THE U.S. HOLDING A BAG OF FOREIGN CURRENCY OF PLUMMETING VALUE.





THE U.S. TAXPAYER HAS ALSO BAILED OUT FOREIGN BANKS INDIRECTLY BY PUMPING BILLIONS INTO AMERICAN INSURANCE GROUP, which announced Sunday that it had forwarded that cash to counterparties that include foreign banks such as Societe Generale, Deutsche Bank, Calyon, Credit Suisse, the Royal Bank of Scotland and Barclays.





(end of quote) 鈥lick the link.





For a breakdown of the approximately $10 trillion the Fed has "loaned", see this recent article from Bloomberg





U.S. Bailout, Stimulus Pledges Total $11.6 Trillion (Table)


http://www.bloomberg.com/apps/news?pid=n鈥?/a>|||Exactly my Dear, they have to protect the owners. lol





Thanks for this outstanding post.





Regards.|||Thank You, I'm truly honored.





Regards.

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|||Anybody with a grain of sense will take out all their savings and either buy gold or if they have enough money, a small holding and start growing their own food.





This is the beggining of the end, people, and there is nothing we can do to stop it.|||Man, that is ridiculous. The past leader of this country brought us down for 8 years, and now the new Leader is bringing us down. When will American learn who to vote for? Ron Paul!!|||I think it's not just the U.S. who has that kind of problem.Come to think of it ;how much more if your country belongs to the third world who has a very low GDP and value of their foreign money. Don't you think U.S. is still lucky compare to this poor countries?! Open your eyes to the most deprest people of the world, you will see the TRUTH behind of it all.