U.S. Told: Bail Out Europe

By Christopher J. Petherick

The heads of the world’s leading central banks announced in a joint statement on Sept. 15 that, in order to quell concerns about a deepening of the global economic crisis, the privately owned and controlled U.S. Federal Reserve would have to flood the upper tier of the world’s financial system with even more U.S. dollars by providing “unlimited U.S. dollar liquidity” to any financial institution around the world that asks for a handout.


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