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russian_bot_1776 [S] 4 points ago

This is YUGE! We the people will no longer be debt slaves to the private central banks.

This is the death of the Old Guard.

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keepwinning -2 points ago

Or is it just politicized now? Imagine what the dims will do

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TrumpOrGTFO 3 points ago

I just want to confirm we’re all getting excited about a fucking yahoo news article....

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Barbs 1 point ago

Even better, the author was just using a metaphor, it wasn’t even literal. Basically Mnuchin has control over the $4 trillion in earmarked liquidity from the stimulus, instead of the Fed, so essentially that makes the Treasury the Fed, and the President the “chairman” due to the arrangement in oversight.

I agree that the Fed definitely needs to be reined in, but they didn’t do it in this bill. They made a joke based on the way the stimulus was set up.

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TwoStar 1 point ago

This thing is getting spammed over and over.

Yahoo "news".....

Spez: I didn't click, I just assume it's bullshit. If somebody else says the same thing I may read it. Well.....unless that is Gateway Pundit.

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freespeech4all 1 point ago

i dont put any weight on this opinion article

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deleted -3 points ago
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Thenew23rd 0 points ago

As usual Q got it all wrong.

Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts

The U.S. Senate voted 96-0 late yesterday on a massive bailout of Wall Street banks versus a short-term survival plan for American workers thrown out of their jobs – and potentially their homes. The text of the final bill was breathtaking in the breadth of new powers it bestowed on the Federal Reserve, including the Fed’s ability to conduct secret meetings with no minutes provided to the American people. The House of Representatives has yet to vote on the bill.

The bill provides specific sums that can be made as loans or loan guarantees to passenger airlines ($25 billion), cargo airlines ($4 billion), and loans and loan guarantees to businesses necessary to national security ($17 billion). But when it comes to the money going to the Federal Reserve and then out the door to Wall Street, the legislation says only this:

“Not more than the sum of $454,000,000,000…shall be available to make loans and loan guarantees to, and other investments in, programs or facilities established by the Board of Governors of the Federal Reserve System for the purpose of providing liquidity to the financial system….”

Why does the Federal Reserve need $454 billion from the U.S. taxpayer to bail out Wall Street when it has the power to create money out of thin air and has already dumped more than $9 trillion cumulatively in revolving loans to prop up Wall Street’s trading houses since September 17, 2019 – long before there was any diagnosis of coronavirus anywhere in the world.

The Fed needs that money to create more Special Purpose Vehicles (SPVs) — the same device used by Enron to hide its toxic debt off its balance sheet before it went belly up. With the taxpayers’ money taking a 10 percent stake in the various Wall Street bailout programs offered by the Fed, structured as SPVs, the Fed can keep these dark pools off its balance sheet while levering them up 10-fold.

https://www.counterpunch.org/2020/03/27/stimulus-bill-allows-federal-reserve-to-conduct-meetings-in-secret-gives-fed-454-billion-slush-fund-for-wall-street-bailouts/

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russian_bot_1776 [S] 2 points ago

Post 2575, Dec 11, 2018.

The plan to have the FED raise rates [steep incline beginning Mar 2019] in an effort to 'kill' the economy prior to 2020 P_elec is known and planned for. Structure change coming? Q

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Thenew23rd 0 points ago

It's just more cash for Wallstreet, with the added bonus that it can be done in secret.

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russian_bot_1776 [S] 1 point ago

That’s not how it works. The private central banks control the stock market as of right now.

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King 0 points ago

gets thrown in a gulag: "this is the storm"

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Thenew23rd 0 points ago

That's exactly the way it works. 😣

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King 0 points ago

Fitch Ratings has threatened to cut America’s AAA debt rating.

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Thenew23rd 0 points ago

Sounds reasonable tbh.

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accountable 0 points ago

In Soviet America, you don't get thrown in GULAG. GULAG gets thrown in you.