Reading time: 1 – 2 minutes
As discussed with the negative real reserve ratios the US banking system is currently experiencing a Bank Run and withdrawals are being met with printing the money out of thin air. The Kondratieff Winter has started and the snow is already falling.
From Yahoo:
”The Federal Reserve said Friday it will provide $60 billion in fresh cash to commercial banks in two auctions in February and will keep holding auctions every other week for as long as needed to ease the credit crisis.
The new auctions, to be held on Feb. 11 and Feb. 25, will mark the fifth and sixth times the Fed has used a new auction process announced in December to provide cash-strapped banks with extra reserves.
In a brief statement, the Fed said that it intended to keep holding the auctions every other week “for as long as necessary to address elevated pressures in short-term funding markets.”
The PPT as usual with the bad news by bringing down gold.
More From RunToGold
Email
Print
 |
