• Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).

Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

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Are US Taxpayers also propping up EU Banks?

The United States has begun to urgently transfer cash dollars to the central banks of other countries.

After the collapse of the Credit Suisse bank and its takeover by UBS, the largest financial holding in Switzerland, the American authorities urgently began to pour cash into the national banks of other countries.

Hundreds of billions of dollars in cash will be brought to the Bank of England, the European Central Bank, the Bank of Japan, the Swiss National Bank, and others in order to avoid a financial crisis and a final loss of investor confidence in the US currency.

The current actions of the US Federal Reserve System to provide national banks with currency are the largest in at least the last decade. At the same time, such inclusion of the printing press does not bode well for the dollar and could trigger record inflation.

Credit Suisse, formed in 1856, was Switzerland's second largest financial conglomerate and had more than 50,000 employees last year. In mid-March, against the background of the collapse of the American Silicon Valley Bank, Credit Suisse shares fell by almost a third, and the bank was on the verge of bankruptcy. It was later bought out by UBS for only $3.24 billion, which, according to experts, does not exceed the value of the property owned by the failed bank.
 
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