Fed and other central banks try to head off crisis by keeping dollars flowing

[Social Media]

The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses.

“The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements,” the central banks said in a joint statement

[KhunLA]

Good luck with that ... 

... wonder how many banks the FDIC have already stepped in on, that aren't making the news.  Not sure I trust this info:  https://www.forbes.com/advisor/banking/list-of-failed-banks/

 

Would love to see a run on the banks, just for the drama, but it would hurt far too many in the short term.   

 

Another middle class major reset in the making ? ????

Edited March 20, 2023 by KhunLA