Fed Discount Window Borrowing Continues To Hit New Highs

Fed Discount Window Borrowing Continues To Hit New Highs

www.fxstreet.com

The Fed on Thursday said total borrowing at the discount window, including both depository institutions and primary dealers, rose more than 50% to $409.52 billion Wednesday from $262.34 billion in the prior week. Total average daily borrowing also jumped to $367.80 billion in the week of Oct. 1 from a previous record $187.75 billion in the prior week.

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Our dollar is toast and there is nothing we can do. The recession/depression will last at least 5 years and all we can do is sit here and just deal with it. The sad part is that most of America has absolutely no clue as to how bad the situation is for all of us.

If you have not done the research, please look up credit default swaps and derivatives. You will find out how bad it is going to be for all of us.

www.fxstreet.com
(visit the link for the full news article)