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Proving once again it's the Euro$'s world. When it goes bad, there's nothing to do but lie.

Eurodollar University

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The Fed's Lies About the 2008 Financial Crisis

Documents suggest lenders sharply drop their interest rate estimates after pressure from central banks. LIBOR spread remained throughout the summer of 2008 on into the fall, and it absolutely exploded in the middle of September. This was contrary to what the Federal Reserve wanted, which was to project calm,. They try to manipulate everybody's emotion. But you can't manipulate emotion if you have this market interest rate out there that's projecting a very different set of circumstances than what central bankers would like to show.

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