Fed Launches Repo Facility To Provide Dollars To Foreign Central Bank

Source: https://www.zerohedge.com/markets/fed-launches-repo-facility-provide-dollars-foreign-central-bank
Published: Mar 31, 2020
Author: Tyler Durden
Post Date: 2020-03-31 10:13:42 by Horse
Views: 96

"At this rate, Fed is on course to buy out foreign central banks... and call it an M&A facility."


Poster Comment:

Let me introduce myself to you Chairman Powell and Mr President Trump. I am His Highness the Rajah of Poobah and we have many poor subjects none of whom are white but are 100% pro-America or rather would be if you would be willing to have your FED Bank purchase at 100 cents on the dollar all of our gambling debts at the Lost Wages Casino. Please send cash. We would prefer gold but Mr Lod, Mr Esso and their friends cannot lift more than a ton. I, however, used to drive a fork lift. Perhaps if your gift included a fork lift, we would be willing to receive your gift. Otherwise American dollars would be acceptable as Singapore is willing to sell gold for dollars.

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