Here’s three things the exec has no constitutional authority to do for starters:
1) have banks restructure debt for the O & G Companies,
2) put in a floor price for oil imported into the US,
3) I would also suggest to President Trump to ***delete*** electronically the treasury debt
Disagree with you on all three.
Congress can pass laws that provide relief to O&G companies and that provide incentives for banks to restructure the debt of O&G companies. Nothing in the Constitution says they can’t do that.
Putting a floor price on oil imports can be carried out in a number of ways. The historical way is to impose a tariff. It is entirely constitutional and is necessary to protect American industries from foreign dumping.
Deleting the money created out of thin air by the Fed in exchange for a BBA is entirely legal and necessary. The Fed must call the bonds back that were bought by bond traders who used Fed notes to purchase them. The Fed then disposes of the bonds as unrecoverable. The bond traders and hedge funds will be upset but ... who cares other than them? They had a good run. Party’s over for them.