Bernanke Helps Out China and Beyond (Now foreigners in control of part of U.S. money supply)
June 15, 2011
Robert Wenzel
6/13/2011
The Federal Reserve Acted In The Service of Foreign Banks
ZeroHedge has done some fascinating reporting with regard to the explosion in the cash balances of branches of foreign banks who are primary dealers.
Primary dealers are dealers who can deal directly with the Federal Reserve. They are the usual suspects Goldman Sachs, JPMorgan Chase etc. plus the branches of foreign banks approved by the Fed. Here is the list via ZH, with the foreign branches in bold:
And now… the rest of the story. …..
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Harold
I decided long ago Goldman Sack should have their license revoked and not allowed to deal in the USA. If that not possible lest think of something to con fine them they ave caused enough damage.