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The Federal Reserve recently announced that it was further increasing its cheap overnight loans to Wall Street securities trading firms to a total of $690 billion a week. This started as an emergency measure in reaction to an alarming and unsustainable surge in overnight lending rates in the securities market. This follows on the heels of an October 11, 2019 announcement that the Fed was launching a $60 billion a month buyback of Treasury bills that is scheduled to continue “at least” into the second quarter of next year. This Fed action is reportedly unprecedented in U.S. history, yet is little mentioned by the press, no Wall Street crisis has been announced or explained to the public why these massive loans and Treasury buybacks are being made, and no Congressional hearings have been held, or authorization given by any elected official. What is going on and where will it lead?
ClosedNicola asked 4 years ago • 
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