Comments on: Chicken Game: Eurocrisis, Again. http://insurgentnotes.com/2012/06/chicken-game-eurocrisis-again/ Journal of Communist Theory and Practice Sat, 20 Apr 2013 17:33:38 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: S.Artesuab http://insurgentnotes.com/2012/06/chicken-game-eurocrisis-again/#comment-579 S.Artesuab Tue, 19 Jun 2012 21:32:29 +0000 http://insurgentnotes.com/?p=1839#comment-579 Well, couldn’t get a response with that one, could I? OK let’s try this one.

How do the actions of the US FED in maintaining open-ended currency swap lines with the ECB and offering below market interest rates to the ECB for the loans of dollars square with this notion of a so-called “currency war”?

I mean, if I were chairman of the Fed, involved in some vast alliance with Wall Street, the New York Times, George Soros etc in a brewing “currency war” with the euro, and I knew the ECB needed dollars to settle transactions conducted in dollars, I would charge the ECB an arm and a leg and its first born children as the vig on the loan, know what I mean?

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By: S. Artesian http://insurgentnotes.com/2012/06/chicken-game-eurocrisis-again/#comment-376 S. Artesian Wed, 06 Jun 2012 20:49:17 +0000 http://insurgentnotes.com/?p=1839#comment-376 Can we have the reference to the govt source that estimates the US has taken $16 trillion in exactly what? assets? bad debt? warrents? preferred stock? onto its balance sheet.

If the source includes FNMA, and FMAC–uhh.. technically not as their status allows them to remain “off balance sheet”– plus, the entire US mortgage market was, at its peak may $12 trillion, so I sure would like to see the references.

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