Federal Reserve announces the extension of its temporary U.S. dollar liquidity swap lines. Can someone please translate this into language a 7yr old can understand? - The Great Awakening

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Federal Reserve announces the extension of its temporary U.S. dollar liquidity swap lines. Can someone please translate this into language a 7yr old can understand? (www.federalreserve.gov)

posted 3 years ago by Aussie_Lurker 3 years ago by Aussie_Lurker +60 / -0

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– Bigneckedmanjr 2 points 3 years ago +2 / -0

This is the same concept as the LIBOR scandal issue. Central banks need reserves vs lending ratio. Clearly the FED is in short supply and the Bank for International Settlements system is collapsing. They are opening the liquidity on a global scale to cover the fiat fractional reserve lending operations.

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– Bigneckedmanjr 1 point 3 years ago +1 / -0

In short the US is in economic collapse.

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