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Tag: socialism

Federal Reserve Currency Swaps: Socialism for the Financial Sector

October 12, 2020May 6, 2021 by Michael McCormick B.S., J.D.

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

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