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November 23rd, 2011 
FAKE NEWS for the Zionist agenda 
MASSIMO CALABRESI
TIME
November 22, 2011
The U.S. Federal Reserve has been pumping billions of dollars into the European banking system in recent weeks in an attempt to help stabilize the continent’s financial crisis. And while the effort remains small, it is likely to grow in coming days as Europe’s banks struggle to find lenders willing to help them service their dollar denominated debts.
The Fed’s effort has two parts. The largest by far is its provision of dollars through swap lines the Fed opened to other central banks around the world during the 2008 financial crisis, and reopened in May 2010 when the European sovereign debt crisis blew up. According to the agreement signed between the New York Fed and the European Central Bank, the ECB can swap Euros for dollars at a fixed exchange rate and repay the Fed with nominal interest at an agreed upon date.
For months the swap lines remained idle, but last September the European Central Bank announced it would tap them to help provide dollars to banks in Europe, and it began rolling over about $500 million worth of swaps every 7 days at a little over 1% annualized interest. In mid-October the ECB increased it’s swaps, drawing $1.35 billion for three months, while continuing to rollover the previous $500 million. Over the following weeks it swapped another $1 billion in 1-week and three-month paper, bringing the outstanding total to $2.35 billion as of Nov. 16. (Read “Is Europe’s Crisis a Glimpse of America’s Future?”)
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3 Responses to “TIME Asks Can the U.S. Federal Reserve Help Save Europe’s Banks?”
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The only way we can get back to the way our Founding Fathers desired our country to be like is to kick out and shut down all Banks, and especially the Evil Fed Reserve. These again are people that have only one set mind which is the complete opposite of what our Founding Fathers and forefathers created for us in this country. Therefore, all those that work against the Constitution are considered traitors and must be eliminated. You see, these sort of Humans have only one thing on their minds. Power with the ego and the creation of their form of government that isnt ours. When we have our own government printing money without interest to the people, then we will have a safe country without those Bankers. We must realize anyone that puts greed and money before our country must be arrested, tried and shot.
They are priming the public to accept what they are already doing, again.
This “foreign bank saving” is what the Fed did that we found out in the last (and only) audit, that they intentionally hid from us, to the tune of trillions.
Money that goes to these foreign banks, their banksters collect interest (and bonuses) from, so they can make their Mercedes payments or whatever the heck they do with their vast gold hoard.
Like gold huh? We will make them drink their molten gold; it’s been done before!
Let me get this straight. The US Mint prints the money, the fed sends it overseas, we deal with the inflation and the possibility of the world revolting against the worthless dollar. Did I get that right? Now for a question. Since the money is supposed to belong to us, do we get the interest or is this a give away?