[numberonepal]

If you or anyone else can explain the import of all this to those who are clueless, this clueless one would appreciate it.

I'm not gonna to pretend to fully understand this. The red outlined part is key, but this is the best part:

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.

Original sauce from Dept of Treasury:
Statement from Secretary Steven T. Mnuchin on the Establishment of the Money Market Mutual Fund Liquidity Facility

Anon: Do we have the gold?

Yes.
Gold shall destroy FED.
Q

[little jeremiah]

I am clueless about finance etc. Why is this a good thing? I realize the Fed Reserve is very evil, but why is printing money out of thin air by the Treasury better? I have read that Congress is the only outift allowed to coin money, so printing $ by the Treasury is certainly better than the Federal Reserve. But ....not grokking very well.