posted on May, 21 2013 @ 11:24 PM
reply to post by BobM88
Good to see people paying attention. About a year ago the Federal Reserve "lent" European Central Banks around $800 billion to give them more
"liquidity". I may have written about it; but, it would not have been in the title. In return for the "loan", the Fed was given foreign currencies
(Euros, pounds...). We also know that the Federal Reserve loaned money to foreign banks during the TARP bailout; but, they refuse to say how much.
The truth is, we have no idea how many dollars were loaned, given or traded to foreign banks. The next question you should ask yourself what happens
if the dollar or the Euro collapses. Generally when you have a currency collapse (Mexico had one in the late 70s or early 80s) is that it only effects
that countries currency in any significant manner. Because of the combining of the currencies in the banks and something the International Monetary
Fund does called "Special Drawing Rights", if the dollar or euro collapses, they can all go down together.
Both the FDIC and the Bank of England believe that there is going to be a catastrophic bank failure and that there will have to be international
cooperation to deal with this crisis. Here is a couple of links you might find interesting.
FDIC - Resolving Globally Active, Systemically Important, Financial Institutions
Counterpunch - The Confiscation Scheme Planned
for US and UK Depositors
No conspiracy theory, not a dream, what the FDIC and Bank of England plan to do in their own words with the second link just summarizing it. What I
found interesting was how the FDIC and Bank of England document mentions that this has already been told to and approved of by the G20. For a little
more fun you can read what the International Monetary Fund wants to do after the currencies collapse in their own words.
IMF - The Chicago Plan Revisited
The assumptions underlying all three organizations are the same. They believe there is going to be a large banking failure due in part to currency
wars and manipulation and after the banks fail they will be broken up, the depositors will receive stock in exchange for some of their lost dollars
and in the future, an international body will regulate all currencies by basing valuations on a nations Gross Domestic Product. This will
constructively result in a single currency for use worldwide.