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Scooped by L. Charles Burch onto MN News Hound |
Scoop.it!
Virtually all the reserves that had been created as a result of the Fed's QE2, some $600 billion (which two years ago seemed like a lot of money) which was supposed to force banks to create loans and stimulate the US (not European) economy, ended up becoming cash at what the Fed classifies as "foreign-related institutions in the US" (or "foreign banks" as used in this article) on its weekly update of commercial banks operating in the US, or said simply, European banks.
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Scoop.it!
Kurt Nimmo | The Washington Post posted a story today highlighting the fear of average Iranians as their leaders recite useless bravado and the U.S. and Israel launch covert attacks inside their country and snoop out targets with advanced spy drones. Delete the scoop?
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