U.S. Injecting Billions Into Foreign Central Banks

s-bernanke-largeFor 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 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.

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Here is some more news that you probably won’t find on CNN or Faux Snooze.

Not only are you bailing out those thieves in this country, you are bailing out thieves in other countries too.

You are being ripped off. Quit playing their game!

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