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So unless I misread this, the Euro banks are lending the Fed a bunch of money and only asking for 0.05% interest?
by sp332 5y ago
So unless I misread this, the Euro banks are lending the Fed a bunch of money and only asking for 0.05% interest?
- landemva 5y agoIt's risk free. And they are being given that money, to loan to Federal Reserve, at a negative rate. EU banks get paid to take money/loan then get paid to deposit it. Regular people don't get access to this scam, which is ultimately paid by 6%+ commodity inflation felt by working class in USA.