KW: While the media was laser-focused on the killing of an Iranian general, a critical story slipped under the radar last Friday. The Fed released its December minutes, which revealed its plans to keep the short-term lending markets liquid. The minutes revealed that the Fed’s recent activities have added up to about $215 billion a day. As the linked article you’ll see shortly reports, 29 days lapsed between the Fed’s last meeting and the release of the minutes. That suggests the Fed has made over $6 trillion in total loans over that period. The Fed also strongly implied that these loans will continue through April. But they could continue longer. At the going rate, total loans would reach $29 by the middle of the year. That would equal the $29 trillion bailout the Fed handed out between 2007 and 2010.
By Pam Martens and Russ Martens: January 6, 2020 ~ If the Federal Reserve was looking for a media lockdown on news about the trillions of dollars in