LOL.
Sure seems like S is about to HTF. I’m on high alert for this weekend.
Will Comey be in the news this weekend? Hmmmmm.
3d3n tweeting again....
I love patterns.
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Old Fed - [They] OWNED the secured assets & interest on our $22T debt while our US Treasury OWED all the $22T debt.
New Fed - US Treasury will OWN the secured assets & interest on our $22T debt & the Fed will OWE all the $22T debt.
This will take a few months.
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For example, our Treasury will now treat the NewFed like the NYSE. A broker of sorts that owns no collateral. It just processes transactions for our Treasury for micro fees.
The KEY is that our Treasury will hold the collateral on debt & not the Fed. That makes debt our asset.
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So when our Treasury loans money to a company like Goldman, it receives a convertible note as equity. If the company fails to pay, our Treasury converts debt to equity and owns a big chunk of Goldman. Old way let the Fed own the convertible note. Outrageous. Those days are dead.
Even better, out of the $22T in debt, about $6T could be waived immediately because it is a non-marketable security owed internally to another branch of government. I expect all non-marketable debt to disappear over time. Just simply remove it from the Treasury balance sheet.
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Since the NewFed will be a clearinghouse of sorts, and since we clearly now have control of it, we can force nations to remove their deep state in exchange for a chance to participate in this new era of debt freedom. Iran, NK & other rogue nations will play ball for debt relief.
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Never forget that the Fed used blackmail and coercion to convince our Congress to vote them into existence over 100 years ago. And they never stopped using the same tactic to make sure no law was ever passed to legally remove them from power. Until today.
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Now ask yourself what entity funded the creation of the Fed in the first place. And what same entity has people pay them to freely confess their sins to a non-paid employee only to allow their mafia branch to then blackmail that same person into submission.
GODFATHER III Plot.
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What would happen if Kauders is arrested?
What would happen if Kauders suicides?