Fed creates 2 trillion more dollars for distressed banks

Bloomberg News reported the Fed (created and) lent almost $2 trillion to distressed firms. The firms could be banks, insurance companies or possibly any other type of company. The Fed refuses to list the recipients or the collateral accepted, and Bloomberg News filed a lawsuit to force the fed to disclose the information. Regardless of which firms received the money, the Fed devalued our currency by creating $2 trillion more dollars. The price of a cup of coffee will…rise.

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