Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Razzz42

The Federal Reserve can loan to foreign central banks, or to foreign banks that do business in the U.S. and have reserves with the Federal Reserve.

It doesn’t loan to foreign banks that don’t do business in the U.S. directly. Any such loan is coordinated through that country’s central bank.


9 posted on 12/02/2011 9:58:50 AM PST by DannyTN
[ Post Reply | Private Reply | To 5 | View Replies ]


To: DannyTN

You are diluted. The US dollar is the world’s reserve currency. It’s the US’s job to make sure the world banks are properly funded in US dollar or, any excuse will do.

You can buy bonds from the US Treasury but the Federal Reserve distributes the cash/credit and by looking at the article, distributes at will worldwide.


15 posted on 12/02/2011 11:32:05 AM PST by Razzz42
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson