Federal Reserve, International Monetary Fund, European Union and Greece
The Federal Reserve Board of Governors report for the week of April 9, 2010 is showing a 421.8 billion increase in commercial loans/leases. No apparent explanation available.
***Update May 7,2010*** In retrospect, due to the timing, it is possible that this “loss” of funds is likely related to the current news about the IMF, EU and Greece. And more specifically, our contribution to the European bailout funds. It makes even more sense because of the dollar amount being in the hundreds of billions, knowing that Greece is just the first European country in a line of many that will be getting bailed out.
April 13, 2010
Considering all of the current chaos going on right now in the world, it makes me a little nervous that the Federal Reserve has misplaced more money (or printed more money out of thin air, whichever you prefer). Rumor has it that 421.8 billion dollars were added to the Federal Reserve commercial loans and leases balance last week. No explanation has been made available.
Technically, it is not a rumor. This speculation has come forward based on data provided by the Board of Governors of the Federal Reserve. What is really troubling to me is the lack of any kind of media coverage on this type of story. This kind of thievery and lying needs to be brought to public attention. Its gone on too long and people need to hear the truth.