With some decades under my belt, I am astounded at the evolution, or in my view, the devolution of Christianity in the U.S. Having been raised Catholic and then converting to Fundamentalist Protestant Christianity during my mid teens, I have […]
FEDERAL RESERVE CURRENCY SWAPS: SOCIALISM FOR THE FINANCIAL SECTOR
Say whaaat? Federal Reserve Currency Swaps? The swaps are important: the swaps are socialism for the financial sector. The swaps work something like this. During times of financial stress, banks which lend to each other overnight and for other short […]