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To: PSYCHO-FREEP
Never mind that the Fed gave 5 Trillion Dollars to foreign Banks a year and a half ago without Congress. (That we will never see dime of again.)

The Fed didn't give money to foreign banks. They swapped dollars for foreign currencies. The swaps were unwound (the Fed got the dollars back and returned the foreign currency) profitably.

29 posted on 01/23/2011 10:59:02 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Wikileaks says otherwise...


31 posted on 01/23/2011 11:01:48 AM PST by Minus_The_Bear
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To: Toddsterpatriot

So, if the Fed is so “Profitable” and competent as you say, then why is there a 14.3 Trillion Dollar deficit and why have they monetized our currency?

Oh, I forgot, refer back to rule #1.


32 posted on 01/23/2011 11:03:28 AM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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