Something Is Wrong: The Fed Is Offering $100 Billion A Day In Loans To Unnamed Banks

By Mac Salvo,

The Federal Reserve is once again secretly shelling out trillions of dollars in the dark, while Congress willingly looks the other way.  In other words, the central bank has initiated a replay of the 2007-2010 financial crisis.

You can call it QE4 if you want, or don’t call it QE4.  What it’s labeled isn’t as important as what it’s doing. Arguing semantics is not going to change the outcome.  The central bank is injecting $100 billion per day into the financial markets.  Any label on that cannot hide the fact that if this economy was doing well or was “robust” than there wouldn’t be a need for any of this.

The Federal Reserve Bank of New York first initiated its emergency overnight loans to Wall Street this year on Tuesday, September 17, starting off at the rate of $75 billion daily. It then increased its loans by adding, in addition to the $75 billion daily, 14-day term loans in the amount of $30 billion to be offered three times this past week. But after the demand for the first 14-day loan was more than double the $30 billion offered, the New York Fed boosted the next term loans to $60 billion and increased its overnight loans to $100 billion. –Wall Street on Parade

This mirrors the Great Recession of a decade ago.  When the Fed is secretly handing out money to banks at low rates to bail them out, you’ve got a repeat of the previous crisis. It’s hard to say, however, if this crisis will be worse than the last one. And simple math tells you that something is very wrong.

As of June 30 of this year, the four largest banks on Wall Street (which are allowed to own Federally insured commercial banks as well as stock, bond and derivative gambling casinos known as investment banks) held more than $5.45 trillion in deposits. The breakdown is as follows: JPMorgan Chase holds $1.6 trillion; Bank of America has $1.44 trillion; Wells Fargo has $1.35 trillion; and Citibank is home to just over $1 trillion. –Wall Street on Parade

The total GDP (gross domestic product) of the entire U.S. is about $20.5 trillion.  That means that the four aforementioned banks hold 27% of the entire U.S. GDP. How is it possible that they don’t have $100 billion per day? Something is wrong here, folks.

Additionally, the New York Fed is only allowed to engage in these repo transactions with its 24 primary dealers. That list of these 24 primary dealers includes the securities units of big U.S. banks like JPMorgan Chase, Citigroup, Bank of America and Wells Fargo, but it also includes the U.S. based securities units of troubled foreign banks like Deutsche Bank, Credit Suisse, and Societe Generale (SocGen). According to Wall Steet on Parade, because the New York Fed is not announcing which banks are drawing down the bulk of its loans, neither Congress nor the American people know if the money is flowing to U.S. banks or foreign bank subsidiaries in the U.S. Propping up troubled foreign banks is not what most Americans want their central bank to be doing.

 

Source: https://www.activistpost.com

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3 thoughts on “Something Is Wrong: The Fed Is Offering $100 Billion A Day In Loans To Unnamed Banks”

  1. Now we know why the banks are dishing out all those billion of dollars to there Ares hole crony mates they knew that this trade war was coming and the stock market crashed losing billons on dollars witch means its been that the banks again get away with gambling on the stock market they just can’t lose or the trade war been purposely done to crash the stock market so the elitist can buy up all the cheap stock to gain more control how do they buy up all the cheap stock the borrow the money from the The Federal Reserve at a very cheap rate, of cause they have to send all the mates the cheap money because they are all in on it, its another Rothschild deception It’s such a coincidence that billions of dollars is being browed by the banks before the stock marked crashed losing billions on the stock market. The only way to f—– these people up is for people to stop investing their money on the stock market and let the cooperation invest their own ill gotten gains. There is no such a thing as coincidence when in comes to them f——- .

  2. I am fully invested in The Event by systematically decoding recent market positions representing trillions of fiat dollars. It is not possible for me to predict the exact date, however, I can confirm through my sources that the protocol is in advanced stages and RESET is imminent. Standby for World Peace.

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