Why oh why would any bank want to do this? Who benefits other than the Fed who is collecting interest?
Only 2 reasons a central bank in a country with a strong currency would do this:
(1) Their currency is not really strong, they are on the verge of fuckupedness, and need a bailout.
(2) They are part of a scheme to push towards massive global liquidity for the ultimate purpose of crashing the system (and using that as an excuse to implement a new one).
Only 2 reasons a central bank in a country with a strong currency would do this:
(1) Their currency is not really strong, they are on the verge of fuckupedness, and need a bailout.
(2) They are part of a scheme to push towards massive global liquidity for the ultimate purpose of crashing the system (and using that as an excuse to implement a new one).