The speaker is eager to include Democratic priorities in any coronavirus relief bill.
https://www.politico.com/news/2020/03/30/pelosi-move-fast-rescue-package-155920
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The speaker is eager to include Democratic priorities in any coronavirus relief bill.
https://www.politico.com/news/2020/03/30/pelosi-move-fast-rescue-package-155920
:nauseated:
We should just call it what it is. Unlimited QE.
Pelosi grants money to unions and other entities, they give a cut back as “donations” to the DNC and Pelosi. It’s a criminal enterprise.
Overblown Crisis = UNLIMITED POWERS FOR FEDERAL GOV
V for Vendetta should be no #1 watched movie in a World right now
Fed started 6 more months of crazy QE today . Giving foreign central banks freshly printed dollars for treasuries that do not go up for action , thus no chance interest or yields go up by a lot of selling . So the foreigners get dollars to loan to banks there for nothing and those banks use those dollars to pay for whatever .
The RNC is novice compared to the dems . Anyway now that everyone sees you truly live in a world of worthless paper currencies I hope everyone has a little real money and what else they need . Pelosi is working on a bill now ( few trillion) including bailouts for health care workers , people with the corona , water systems , broadband , energy grid, food stamps , welfare , mental health . This bill will be brought to vote in the house after Easter.
Did you heard BlackRock is in on the operation.
https://www.reuters.com/article/us-h...-idUSKBN21B3E0
Although they say they are waiving fees to The NY FED.
https://markets.businessinsider.com/...0-3-1029041665
The Federal Reserve Bank of New York is introducing guidelines to curb BlackRock, the world's largest asset manager, from unfairly profiting from its contract to buy bonds from the US government as a part of monetary stimulus amid the coronavirus pandemic.
BlackRock will waive asset management fees on ETFs purchased on behalf of the Federal Reserve Bank of New York and will credit back the value of all underlying fees and income earned on its ETFs bought for the program, according to a document published Friday.
Earlier this week, the Fed engaged BlackRock to purchase tens of billions of bonds as part of the massive debt-buying program it rolled out to bolster the US economy during the coronavirus outbreak.
BlackRock essentially is acting as a central bank.
Yep, Blackrock is acting as the intermediary between the Treasury and the Fed so that the Fed doesn't technically violate the laws prohibiting the Fed from buying Treasuries and stocks and whatever else directly from the Treasury and stock markets. In reality, there's not really any substantive separation between the Fed, BR and the UST outside of their paper charters designating them as separate corporate entities. It's one big umbrella corporation playing shell games through its subsidiary corps. Think of it like Verizon, which owns OATH, which owns Yahoo and Flickr. Yahoo and Flickr are shifting numbers around between each other, as if they're entirely separate businesses. It's the method they're using to unwind the global petrodollar/treasury recycling scheme under the virus cover story.
It gets better.
http://www.ronpaulforums.com/forum.php
Credit to Bern for posting about FIMA which the FED announced just last Tuesday.
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The Fed got the message apparently...
The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses. The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve. In these transactions, FIMA account holders temporarily exchange their U.S. Treasury securities held with the Federal Reserve for U.S. dollars, which can then be made available to institutions in their jurisdictions. This facility should help support the smooth functioning of the U.S. Treasury market by providing an alternative temporary source of U.S. dollars other than sales of securities in the open market. It should also serve, along with the U.S. dollar liquidity swap lines the Federal Reserve has established with other central banks, to help ease strains in global U.S. dollar funding markets.
The Federal Reserve provides U.S. dollar-denominated banking services to FIMA account holders in support of Federal Reserve objectives and in recognition of the U.S. dollar's predominant role as an international currency. The FIMA Repo Facility, which adds to the range of services the Federal Reserve provides, will be available beginning April 6 and will continue for at least 6 months.
https://www.federalreserve.gov/newse...y20200331a.htm
We've been covering what's really going on for months in the Treasury markets in this thread in the econ subforum:
http://www.ronpaulforums.com/showthr...Nobody-Noticed