November 30, 2011 – NEW YORK — The Federal Reserve, acting with five other central banks, took further steps Wednesday to make it cheaper for banks around the world to trade in U.S. dollars. The Fed — along with central banks of the Eurozone, England, Japan, Switzerland and Canada — announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013. The effort is meant to “ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity,” the Federal Reserve said in a press release. Meanwhile, the People’s Bank of China also announced a plan to increase liquidity Wednesday by lowering its reserve requirement ratio for financial institutions by half a percentage point. –CNN
Global Reach: To prevent a lack of liquidity in the global financial system, The US Federal Reserve, the European Central Bank and the central banks of Canada, Britain, Japan and Switzerland said in a joint statement that they have agreed to lower the cost of existing dollar swap lines by 50 basis points from December 5. Such a move is unprecedented and shows the extent of the problem. Other measures included setting up bilateral swap arrangements between the central banks so that any bank could tap additional liquidity in their own currencies if necessary. The swap arrangements are good through Feb 1, 2013. –IBN
Slight of hand: This move by the Federal Reserve is almost unprecedented. Not only has the Federal Reserve coordinated a global efforts among Central Banks (both small and great, rich and poor) to print their way out of the Eurozone crisis- it also appears to be pushing an effort among banks and reassurance agencies to rewrite the maturity dates on Credit Default Swap contracts due for 2012 to February 2013– avoiding the entire doom-laden year of 2012 altogether. All of this was done virtually in secret and behind closed doors and is to go into effect on December 5, 2011- about 3 days before the EU summit convenes this year in Brussels on December 8-9th. The Bible tells us: “But while men slept, his enemy came and sowed tares among the wheat and went his way…the enemy that sowed them is the devil.” Matthew 13:25, 39. So too, while most of the world slept, the U.S. Senate passed the terrorist detention bill, the Federal Reserve instituted a move to preserve the global financial system, and a massive crackdown ensued by police in the U.S. across the country on Occupy protesters. Now we are beginning to see just how fast the events in the 13th chapter of the Book of Revelation regarding the enforcement of the Mark of the Beast, the international control of money, and the detention and death decree of Christ’s true followers can and will unfold. The Federal Reserve move to stabilize the world’s financial system through the year of 2012 is practically a red herring that something ominous is going to follow, most likely with Iran. – (c) The Extinction Protocol
The Federal Reserve continues its secret program of passing out taxpayers’ money across the globe with no accountability or Congressional oversight.