Federal Reserve Gave 9 Trillion Worth of Emergency Loans to Major Banks At Near Zero Interest Rates

Filed in Bank Gold, depression, economy, Federal Reserve, Gold Spot Market, o by on December 1, 2010 0 Comments

Today, the private Federal Reserve was forced to reveal that they loaned upwards of 9 trillion dollars to major financial institutions in emergency overnight loans. These loans were done in complete secret, used to “save” the economy, which had slip into a deep staged economic depression. Most of the money has been paid back, yet the interest rates that these major institutions received were near ZERO. That’s right, The Federal Reserve bailed out their partners on Wall Street at near zero interests rates while everyday American citizens have been continually blasted by high interests rates around every corner.

See the article here:
Federal Reserve Gave 9 Trillion Worth of Emergency Loans to Major Banks At Near Zero Interest Rates

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