[–] 23281904? 1 point 0 points 1 point (+1|-1) ago (edited ago)
The Treasury did not just take over the Fed....what has happened is a disaster.
The Fed and Blackrock are buying ALL the bad paper from the shadow banking system....Blackrock is acting as the "fund manager."
The Treasury- OUR Treasury - that is US, are in first loss position.
We are getting shafted.
We, through the Treasury, are going to get saddeled with all these Trillions in bad paper. We lost.
We are separated. We are weak. We are afraid. We are broke. Out of fear of a virus that primarily kills the elderly and sick we have gladly given up out rights, to freedom of association, of movement, of speech, etc. and are now in the hands of a global Totalitarian state.
If this was "The Plan" it sucked.
[–] 23282901? 0 points 1 point 1 point (+1|-0) ago
Wrong. The Treasury is not buying the paper. The Exchange Stabilization Fund, which is a cabal secret fund within the Treasury, is what is being used to buy the paper. Trump is using cabal money to keep the corporate bond market (and stock market) more stable.
When the cabal money runs out, then the SPV's and Federal Reserve will be left holding the bag.
[–] 23280837? 2 points -1 points 1 point (+1|-2) ago
haha OP, i wish, but sadly the fed is lending the treasury the money at interest, per the usual hustle of the last 107 years.
the federal reserve is a private corporation, I'm sure the Warburgs and Astors and Rothschilds would sell you a share of it if you asked them ;)
[–] 23281057? 0 points 1 point 1 point (+1|-0) ago
Sauce pls and thank you
[–] 23281267? 1 point 0 points 1 point (+1|-1) ago
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm
https://www.facts-are-facts.com/news/the-federal-reserve-is-privately-owned