Loading ...By Pam Martens and Russ Martens: May 10, 2020 ~
Also remember this, the Fed and foreign central banks were also working in collusion during the devastating financial crisis of 2007 to 2010. That didn’t prevent a dramatic wipeout in the stock market and U.S. economy. In fact, there are a growing number of Fed watchers who are rightfully questioning if this isn’t Part II of the last crisis – held off this long by debt-fueled spending and money creation out of thin air by the Fed and its foreign central bank collaborators.
None of the explanations offered by mainstream media to explain the incongruous stock trading were accurate. It was not because the stock market had anticipated worse or that the market was rallying because it thought the worst of the economic fallout was behind us. It was because the one emergency funding facility that the Federal Reserve has quietly ramped up more than any other, its Foreign Central Bank Liquidity Swap Lines, was working its magic on Friday.