Comments on: U.S. Federal Reserve Extends Swap Line with Brazil Central Bank http://moslereconomics.com/2009/06/26/us-federal-reserve-extends-swap-line-with-brazil-central-bank/ St Croix, United States Virgin Islands Wed, 23 May 2012 01:34:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mike S http://moslereconomics.com/2009/06/26/us-federal-reserve-extends-swap-line-with-brazil-central-bank/comment-page-1/#comment-7972 Mike S Mon, 29 Jun 2009 17:34:45 +0000 http://www.moslereconomics.com/?p=8368#comment-7972 Or maybe they can get it from Brazil. This line was put into place to stop the raise of the Real vs. the dollar. It has had a huge run vs. the dollar due to carry trade - they are at 10% overnight rates. Or maybe they can get it from Brazil.

This line was put into place to stop the raise of the Real vs. the dollar. It has had a huge run vs. the dollar due to carry trade – they are at 10% overnight rates.

]]> By: warren mosler http://moslereconomics.com/2009/06/26/us-federal-reserve-extends-swap-line-with-brazil-central-bank/comment-page-1/#comment-7806 warren mosler Fri, 26 Jun 2009 18:33:46 +0000 http://www.moslereconomics.com/?p=8368#comment-7806 just part of the general atmosphere of an administration that doesn't know how the monetary system works and also has a confused strategy by any standards just part of the general atmosphere of an administration that doesn’t know how the monetary system works and also has a confused strategy by any standards

]]> By: economist http://moslereconomics.com/2009/06/26/us-federal-reserve-extends-swap-line-with-brazil-central-bank/comment-page-1/#comment-7800 economist Fri, 26 Jun 2009 13:26:45 +0000 http://www.moslereconomics.com/?p=8368#comment-7800 The US Federal Reserve said Thursday it was extending into 2010 dollar swap deals with 13 central banks. The extended deals were with the central banks of Australia, Brazil, Canada, Denmark, Britain, South Korea, Mexico, New Zealand, Norway, Singapore, Sweden, Switzerland and the European Central Bank. a high risk proposition? The fed swap dollars for foreigh money for free... The US Federal Reserve said Thursday it was extending into 2010 dollar swap deals with 13 central banks. The extended deals were with the central banks of Australia, Brazil, Canada, Denmark, Britain, South Korea, Mexico, New Zealand, Norway, Singapore, Sweden, Switzerland and the European Central Bank.

a high risk proposition? The fed swap dollars for foreigh money for free…

]]> By: Dissenting Comments Encouraged http://moslereconomics.com/2009/06/26/us-federal-reserve-extends-swap-line-with-brazil-central-bank/comment-page-1/#comment-7799 Dissenting Comments Encouraged Fri, 26 Jun 2009 13:04:50 +0000 http://www.moslereconomics.com/?p=8368#comment-7799 Warren, how come it is OK to give money to the international banks, but not to california, but then to give it to brazil? I am very very confused, if the public purpose goal is to keep worker bees doing busy work rather than have them idle, why are brazilian worker bees more important than our own in california? Why doesn't california go to China and ask for some more money that the fed doesn't want to seem to give? Warren, how come it is OK to give money to the international banks, but not to california, but then to give it to brazil? I am very very confused, if the public purpose goal is to keep worker bees doing busy work rather than have them idle, why are brazilian worker bees more important than our own in california?

Why doesn’t california go to China and ask for some more money that the fed doesn’t want to seem to give?

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