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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Wow!Just wow!
Here’s more explanation for us.
https://www.freerepublic.com/focus/f-news/3829085/posts
EO to Order the Selected Reserve and Certain Members of the Individual Ready Reserve of the Armed Forces to Active Duty
WHITEHOUSE.gov ^ | 03/27/20 | Pres Trump
Dr. OZ on Hannity
FDA approved new test - pin prick 5 min results if infected, 13 min if neg
can do 5 mil tests a day
JAMA - paper published - convalescent plasma - last ditch effort for morbidly ill pateints - 5 patients all survived 3 went home so far..
French Dr. finished trial with Hydrochlorloquin and Azith
- paper to be presented this weekend
80 hospitalized patients no control group - 79 survived
within 8 days, no virus left in their bodies
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Sorry, I'm not seein' it that way.
First of all, the New Entity (capitalized by Treasury-provided "Equity" and Fed-provided debt) will be purchasing corporate paper and Senior Debt; and not, primarily Secured Debt, There is a big difference. If they step into the equities markets this point will be even more-so. The last thing POTUS wants is for the U.S. Government to take over ownership of American corporations.
Second, the FED is not going to "OWE" anyone anything. They are providing debt capital to the new entities.
The President has made some vague allusions that U.S. taxpayers may get something back for all this analogous to equity stockholders; but, basically, interest payments to the new entity will be used to pay interest and eventually help retire the debt to the FED.
It does appear to be TRUE, however, that the FED has given up a degree of control over lending from this portion of its Balance Sheet. This was both to leverage that portion of the $2T ($500B?) in the new entities, as well as to bypass the restriction against FED money going directly into loans not backed by the U.S. Government.
I think the "Trick" here is that the FED is loaning to a Treasury "Vehicle" and this allows a multiplication effect on the taxpayers' contribution.
If someone has a different way of seeing this, please enlighten me. I admit that I am trying to interpolate from scarce information ... ALSO ... not a banker.