Federal Reserve Chains USA To Sinking Economies

The Federal Reserve, a private group of bankers with monopoly license to print dollars and set the price of dollars via interest rates, has for years done currency swaps with other central banks. For example, the Fed has traded dollars for British Pounds. With these currency swaps, the Fed (and therefore the USA) is at risk of default by the Bank of England. When the currency swap values are small, the Fed could probably absorb the loss of a default. The Federal Reserve has now said it will allow currency swaps of unlimited size, which effectively anchors the USA to countries that have sinking economies. This is a real danger to the stability of the dollar and the USA.

Statement from The Federal Reserve about unlimited currency swaps:
Accordingly, sizes of the reciprocal currency arrangements (swap lines) between the Federal Reserve and the BoE, the ECB, and the SNB will be increased to accommodate whatever quantity of U.S. dollar funding is demanded. The Bank of Japan will be considering the introduction of similar measures.

The US Treasury apparently publishes the outstanding currency swaps which total slightly more than one-half trillion dollars.