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Subject Holy Shit!!!!!!!! Central Banks Prepare to Distribute Foreign Currency at Home - Get ready, One World Currency

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Original Message *courtesy of John Galt FLA*

Nov. 30 (Bloomberg) -- The Federal Reserve and five other central banks set up agreements to distribute each other’s currencies in the event of a global funding crisis.

“At present, there is no need to offer liquidity in non- domestic currencies other than the U.S. dollar,” the Fed said in a statement. “The central banks judge it prudent to make the necessary arrangements so that liquidity support operations could be put into place quickly should the need arise.”

The bilateral agreements were announced alongside coordinated action by the six central banks aimed at boosting dollar liquidity. Bilateral swaps would enable, for example, the Fed to provide euros, Swiss francs, or British pounds to U.S. banks if needed.

[link to www.businessweek.com]

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