Friday, March 20, 2020

Wow, There Must Be Serious Cracks in the Global Financial System

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The Federal Reserve just announced that The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank today announcedg a coordinated action to further enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.

To improve the swap lines' effectiveness in providing U.S. dollar funding, these central banks have agreed to increase the frequency of 7-day maturity operations from weekly to daily.

These daily operations will commence on Monday, March 23, 2020, and will continue at least through the end of April.

The central banks are doing this for one reason and one reason only, on a daily basis new holes in the global banking system must be developing and they want to plug the holes rapidly.




  1. Derivatives meltdown.
    Everything is rehypothicated so many times it rehypothicates itself. Itsna house of cards ponzi scheme. Trying to stop the dominos from falling.

  2. Robert Wenzel, your Feb 25 article "WARNING: The CDC Official Who Put Out the Warning About the Coronavirus is Rod Rosenstein's Sister" will make you complicit in the deaths of millions. You are to blame as much as anyone with your braindead, crakpot conspiracy theories. History will see you for what you are, and the evils for which you stand.