Giant Developments: Trump Is Taking Over The Deep State And Huge Coronavirus News
- Quote: “This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.”
- Something I have been sounding out for some time: the merger or takeover of the FedRes by the Treasury Dept. Next move: the issue of a gold backed Treasury Dollar ie. killing/obsolescence of the current Federal Reserve Note, US Dollar?
- Trump made a move which surprised me: he actually bailout Americans, Mr Joe Public, by giving money directly to the public. This is something which would never be allowed if the banksters are in full control.
- We need to keep a close eye on developments for the next few days/weeks. The Donald may be JFKed. Or: has he sold out and it is actually the opposite ie. the full takeover of the US government by the banksters: merger of State and Corporation/Bank ie: Fascism/Corporatism (which is what Mannarino suggests).
- Giant Developments Trump Is Taking Over The Deep State And Huge Coronavirus News
President reasserting America’s control over its own currency from globalist Federal Reserve
Alex Jones breaks down some exciting developments happening behind the scenes in the U.S. government, including President Trump reasserting control of America’s monetary system from the private Federal Reserve Bank. Plus, Trump is preparing to implement an “enforceable quarantine” on NYC and surrounding areas due to the exploding coronavirus cases.
- Emphasis mine:
- The Fed’s Cure Risks Being Worse Than the Disease
by Jim Bianco, https://www.bloomberg.com/opinion
An alphabet soup of new asset-buying programs will essentially nationalize large swaths of the financial markets, and the consequences could be profound.
The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities, commercial paper, and exchange-traded funds is worse than the disease seizing financial markets. It may be.
In just these past few weeks, the Fed has cut rates by 150 basis points to near zero and run through its entire 2008 crisis handbook. That wasn’t enough to calm markets, though — so the central bank also announced $1 trillion a day in repurchase agreements and unlimited quantitative easing, which includes a hard-to-understand $625 billion of bond buying a week going forward. At this rate, the Fed will own two-thirds of the Treasury market in a year.
But it’s the alphabet soup of new programs that deserve special consideration, as they could have profound long-term consequences for the functioning of the Fed and the allocation of capital in financial markets. Specifically, these are:
This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
In effect, the Fed is giving the Treasury access to its printing press. This means that, in the extreme, the administration would be free to use its control, not the Fed’s control, of these SPVs to instruct the Fed to print more money so it could buy securities and hand out loans in an effort to ramp financial markets higher going into the election. Why stop there? Should Trump win re-election, he could try to use these SPVs to get those 10,000 Dow Jones points he feels the Fed has denied everyone.