The fed has announced a plan to lend money to banks in hopes of helping the European debt crisis. The United State in a huge amount of debt itself. How can we afford to loan money to other countries? Oh I remember, the Fed just prints more money. Doesn't this devalue the dollar? "Currency swaps are just more smoke and mirrors designed to stave off 鈥?yet again 鈥?the inevitable collapse of Western economies drowning in debt and addicted to easy money and credit."
How much longer can we put off a big worldwide financial crash?
http://www.thenewamerican.com/economy/se鈥?/a>|||Just "HOW" are we in a position to be Lending Money ?
We OWE CHINA...Remember ? ( Be not a Borrower nor
a Lender)......|||Technically, the Fed is not part of the United States government. Thus, the government is not loaning the money.
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