>>> the Fed had to transfer $16 Trillion to Europe to cover the Derivatives losses. The total amount made available to bail out US and European banks was $27 Trillion.<<<
gfp, the Fed didn't have that kind of money, did they? Did they just print it? I'm assuming that the loans were never paid back. What are the repercussions of adding that much fiat currency to the money supply, particularly to the dollar? Am I understanding this right?
The confluence of all these factors that we've been pointing out leads me to believe a severe correction is at hand.
We have military bases in Turkey, right? The recent warm relations between Erdogan and Putin makes me think that Turkey might leave NATO further complicating global political uncertainties.
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