Posted on 08/07/2020 6:34:42 PM PDT by 11th_VA
In passing the CARES Act of 2020, Congress created something new under the sun: a Treasury fund of some $454 billion that must be invested in Federal Reserve (Fed) created emergency facilities. America has never seen anything like it. This explainer walks through what this new fund is, what it isn’t, and what the public can expect from these resources as they are deployed.
What Congress Did
Section 4003 of the CARES Act designates $500 billion for the Treasury to use in specific ways. It gives Treasury $46 billion for specific sectoral lending mostly within aviation—$29 billion for airlines and air carriers, $17 billion for “businesses critical to maintaining national security.” Treasury enjoys substantial autonomy with the terms of these funds. The remaining $454 billion has a single purpose for Treasury to use it: “investments in programs or facilities established by” the Federal Reserve...
To be very clear: Nowhere in any part of the Federal Reserve Act does Fed lending require Treasury participation, nor did Congress prevent the Fed from taking losses in its emergency lending. Indeed, the Fed returns the proceeds of its interest income after expenses to the Treasury again each year. The curiosity of having one part of the government invest appropriated funds into another part of the government when that second part will be returning its money to the first is itself more than a little dizzying.
(Excerpt) Read more at google.com ...
“The remaining $454 billion has a single purpose for Treasury to use it: “investments in programs or facilities established by” the Federal Reserve...“
Look I am not the smartest guy, but I do know the federal reserve was a terrible thing hoisted onto the American people. Did we just give them 454 billion that we borrow from them to give to them to spend on facilities established by the federal reserve?
They go on to say how dizzying it is to have the govt invest in another part of the govt. But the fed is not part of the govt. it is a seperate entity.
This really sounds like we just set aside a chunk of cash for the fed to use. The same fed that creates money out of thin air, loans it to us, and charges us interest. Now we are borrowing to give to them?
So very confused.
It would be unbelievable if Trump could end the FED. That entity is horrible and was defeated over and over again throughout our history. But this last one stuck.
Great documentary on these “money changers”
https://m.youtube.com/watch?v=mB-pdPaQNKA
bkmrk
“But it seems unlikely that any president could have a giant slush fund and keep it secret from the avaricious Democraps”
Unless you’re a president who has decades of experience managing vast wealth and cost-allocation schemes.
Politicians are far too lazy for all of those goings ons.
‘Pass it and be done’ is their motto...
Trump knows this character flaw. I wish stradivarius made a Trump-edition violin!
Slated for his 2nd term, along with a return to the gold standard and a few other Progressive-demolishing actions.
Bookmark
JFK wanted to end the FED and look what happened to him. Trump knows this and will still make the attempt. Truly heroic! Keep praying for his safety!
Based on the article it looks like these funds have a legislated purpose and the Fed has the role in allocating them. I don’t know if they can be repurposed for the President’s purposes.
Always love your posts.
Yeh it’s a shell game Trump has devised as part of his plan to bankrupt the Federal Reserve and then get rid of it. Read between the lines. Congress is not shielding the Fed from taking losses. The Treasury Dept is taking direct control of the funds and directing how they will be spent. Totally different from the norm. Usually the Fed issues the dollars and then deposits them into a bank like Goldman Sachs where their disbursement is directed from.
Most of that $457 or so billion is not secured by Treasury notes but by a resolution of Congress that at sometime in the future they will pay it back. So basically an unsecured loan. Trump has no intention of paying this money back and is loading up the Feds balance sheet. It’s a reverse wealth transfer.
Trump has a plan to reset our monetary system and he is in the middle of making it happen. Part two will come after he is reelected. Trust the plan.
Hummmmm? That kind of thing got jfk eliminated??
Yes that kind of thing is what got JFK eliminated but Trump is using covid 19 to rationalize these huge stimulus packages. There is a monetary reset coming. Make no mistake. The 13 Illuminati families that control the international banking cartel including the Federal Reserve plan to roll out a digital currency which will mean a cashless society that will give them total control of your life.
President Trump has his own monetary reset planned and he and Mnuchin are going to load up the Fed’s balance sheet with these two stimulus packages effectively transferring some of the wealth they have stolen in the past 70 years back to Americans. Right now some of that money is being used to buy back our debt from foreign countries so they won’t be mad when the default comes.
At some point Trump is going to coordinate the death of the old Fed dollar with the roll out of the new Treasury dollar which will be tied to gold. This will mean a set price on gold. Maybe $5,000 per is or some number that equates to the current state of our cost of life. That price will not fluctuate meaning the dollar will not devalue like the old fist dollar.
The current situation (last decades) of the politicians being able to order money printed as much as they want, with zero backing, is unsustainable. I believe a strictly (forced) electronic currency would be unacceptable by most people. Of course, a substantial amount of transactions are already (voluntarily) processed electronically. I believe this is about the limit of that at least for the forseeable future.
A monetary reset back to at least partial backing for our currency will eventually prove necessary. I wonder if we have much gold and silver left (Ft Knox etc)? Previous presidents were reportedly shipping our gold away a lot??>>
We would need to have something of clear (and widely-accepted) value to reset our worthless dollar to make it have some value. If not gold/silver, then what do we have that could serve the purpose?
if we do not have sufficient backing, then trying to reset our dollar to have backing would prove a giant failure, alas
in which case we may be stuck with the Printing Press Death
Trump is in the middle of the reset now. He is firmly in control of the Fed at this point. There is no what if. What I posted in very clear terms is where we are headed. A Treasury dollar backed by gold. This will be implemented in term two.
If we still have the gold to do it?
There is that. Hopefully Trump has planned for it. The only other path if the Fed is allowed to live will be the digital currency and if we get that it’s game over.
Agreed.
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