View Full Version : The FED liquified the world

2nd December 2010, 07:07

Foriegn FED Borrowers (TAF)
Deutche - $39.5B
Dressner - $123.3B
Commerzbank - $51.6B
Societe General - $124B
Mitsubishi - $24.5B
Mishuho - $51.3B
Barclays - $232B
Metlife - $15.9B

Is that the US tax payer funding those bailouts, or are they loans directly from the FED printing up US Dollars from nothing and just loaning them out at effectively 0% interest rate. Wow, that's a lot of USD flooding the world. That really just boggles the mind thinking about all that brand new money racing around the world for speculation, without any new value being created. Nothing new with all the money. Amazing!

What could you do with $660B? Does anyone know how much was invested in the Apollo program to get to the moon. I wonder how much the USS Enterprise would cost to build.

2nd December 2010, 07:21
Fed May Be `Central Bank of the World' After UBS, Barclays Aid (http://www.bloomberg.com/news/2010-12-02/federal-reserve-may-be-central-bank-of-the-world-after-ubs-barclays-aid.html)

Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on whether U.S. regulators bear responsibility for aiding other nations’ banks.

UBS was the biggest borrower under the Commercial Paper Funding Facility, with $74.5 billion overall, more than twice as much as Citigroup Inc., the top U.S. bank recipient, according to the data released yesterday. London-based Barclays Plc took the biggest single amount under another program that made overnight loans, when it got $47.9 billion on Sept. 18, 2008.

“We’re talking about huge sums of money going to bail out large foreign banks,” said Senator Bernard Sanders, the Vermont independent who wrote the provision in the Dodd-Frank Act that required the Fed disclosures. “Has the Federal Reserve become the central bank of the world? I think that is a question that needs to be examined.”

The first detailed accounting (http://www.federalreserve.gov/newsevents/reform_transaction.htm)of U.S. efforts to spare European banks may add to scrutiny of the central bank, already at its most intense in three decades. The Fed, which released data on 21,000 transactions, said in a statement that its 11 emergency programs helped stabilize markets and support economic recovery. The Fed said there have been no credit losses on rescue programs that have been closed.

The growth of the U.S. mortgage-backed securities market and the dollar’s status as the world’s reserve currency enticed overseas banks such as Zurich-based UBS to buy assets in the country before 2008. They paid for the holdings with U.S. dollars, and when funding seized up, the Federal Reserve refused to take the risk that European firms would unload the assets and further depress markets for housing-related investments. . . .

. . . Three of the top seven borrowers under the CPFF program were private firms. New York-based Hudson Castle received $53.3 billion in aggregate, BSN Holdings took $42.8 billion, and Liberty Hampshire Co., a unit of Guggenheim Partners LLC, drew $41.4 billion, Fed data show.

Hudson’s website says it develops “customized debt products.” A person who answered its phone said no one was available to comment. A Guggenheim spokesman didn’t return phone calls.

BSN Capital Partners Ltd., which was associated with BSN Holdings according to a 2006 Standard & Poor’s note, was founded by John Burgess, a former Deutsche Bank AG managing director. Burgess declined to comment.

That Bernanke sure knows how to print money! He might just be the best money printer in history.

2nd December 2010, 07:30
Apparently with the UK banks, certainly Barclays and RBS, the loan has all been paid back already. Hope they said thank you!

EDIT: Thank you to the UK taxpayer who paid it all back for them I mean!

2nd December 2010, 07:39
You have to be joking! The FED even lent money to BMW so they could make a few cars. They're German right. Did the FED give GM or Ford any money to build factories or to better compete in with BMW? Just goes to show how pathetic people are that blindly trust the money printers.

BMW Tapped $3.6 Billion in Federal Reserve Funds During Crisis (http://www.bloomberg.com/news/2010-12-02/bmw-tapped-3-6-billion-in-federal-reserve-funds-during-financial-crisis.html)

BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.

“We tapped into this program in 2008 and 2009 during the financial crisis like other companies,” said Schmidt. “It supported our financial profile and offered us an additional funding source, especially at times when the money markets and capital markets did not function properly and efficiently.”

The maker of BMW, Mini, and Rolls-Royce autos spent $750 million to expand its factory in South Carolina to assemble the X3 sport-utility vehicle. The plant, which also makes the X5 and X6 SUV models, exports vehicles to more than 120 countries, including Germany and China. Last year, the U.S. was BMW’s second-largest market after Germany, accounting for 19 percent of deliveries.

“The BMW Group weathered the economic and financial crisis very successfully,” and even generated positive free cash flow in 2009, “when most other auto companies suffered a lot,” said Schmidt. “The diversified and international treasury operations helped to deal with these challenges.”

BMW recorded an adjusted free cash flow of nearly 1.5 billion euros ($2 billion) last year, as net income declined to 204 million euros, its lowest profit in a decade.

2nd December 2010, 08:17
Not crazy if you look at it through a radical's POV. They want to spread our wealth around the world, that's why silver and gold are such good investments in the next couple of years. No matter how hot those printing press's get, you can't print more shiny rocks!

6th December 2010, 19:11

7th December 2010, 00:49
It seems they have even become adept at avoiding jail....so cages will not work.

They're passing out money in a last ditch effort to fortify the massive crack in the stanchion of their fiat temple. They are desperate to preserve their "Reserve" status...or at least make it look like they care. They continue to gash the "patient"....Uncle Sugar, and keep the bloodletting coming. QE 2 to infinity...you've heard it all before.

People are catching on....but they are becoming more hopeless and weapon-less. Their disposable income is drawing down to "nil"....they will not be able to participate in the silver train. It's sad....even on free govt. hand-outs...they maintain serious debt loads.

Rough roads and times ahead....when the world becomes allergic to fiat.

Curiosity will not kill this Cat!