Another major element of the massive expansion of global U.S. dollar credit was the arrangement between the Federal Reserve and various central banks around the world. As pointed out by Bryan Rich, a contributor to Money and Markets, a Weiss group publication, this was a major element of the effort to offset major forces of global credit deflation following the Lehman Brothers implosion of last year. Following is an explanation by Bryan Rich in his latest missive in Money and Markets dated Janua...Read More