Federal Reserve sets stage for Weimar-style
Hyperinflation
by F. William Engdahl
The Federal Reserve has bluntly refused a request by a major US financial
news service to disclose the recipients of more than $2 trillion of emergency
loans from US taxpayers and to reveal the assets the central bank is accepting
as collateral. Their lawyers resorted to the bizarre argument that they did so
to protect 'trade secrets.' Is the secret that the US financial system is de
facto bankrupt? The latest Fed move is further indication of the degree of panic
and lack of clear strategy within the highest ranks of the US financial
institutions. Unprecedented Federal Reserve expansion of the Monetary Base in
recent weeks sets the stage for a future Weimar-style hyperinflation perhaps
before 2010.