The Federal Rerserve does not publicize the fact that the big beneficiaries of its largesse are foreign banks that operate inside the USA.
What’s that, you say? The Money machine is bailing out foreign banks? That’s right.
But shouldn’t the money be set aside for American banks? What makes you think this.
Look, this is a gigantic counterfeiting operation. It has been since its doors opened in 1914. The FED makes sure that big banks don’t get into trouble. If a big bank happens to be foreign owned, so what? The important thing is that the money goes to the big banks. They are too big to be allowed by the FED to fail.
Does Congress know about this? No. Would it care if it did know? No.
Does the public know? The public has never heard of the Federal Reserve. Would the public care if it did know? No. It cares about Dancing With the Stars.
The banking system is a cartel. The Federal Reserve is the enforcing agent. It keeps the cartel’s largest members flush with money. It makes sure that nothing happens to upset any liquidity apple carts. It makes sure that there are no overnight bank runs by hot-money lenders — not you and I, of course: the hedge funds and other suppliers of overnight money.
Frankly, the FED’s attitude is that it’s none of our business. So far, it hasn’t been.