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 ...
1. It’s a giant shell game. 2. Anything that Unnecessarily complicated in government hides major amounts of corruption and theft. 3. Yes they have the money but not because they’ve ever saved any of all they’ve extracted from us in taxes. Rather, they have the money because they just print more of it whenever they want. 5. That this destroys the currency is not of concern for them. They get instant spending power To buy anything ( including votes) they want and the destruction of the dollar is a longer term consequence. As Galbraith put it, it doesn’t matter much to them because in the long run we’re all dead anyway. Or as Louis 14 said, “Apres Moi, Le deluge!” Ours is coming
I just think it’s great, if Trump was 3 chess moves ahead in April, and had a GIANT slush fund in place, to use later in the year if. Buck and Nancy didn’t want to play later in the year regarding the budget.
Exactly. Remember his statement the other day. He said, (paraphrasing) we still have x Percent (if my memory serves I believe the number was 61%) of the first stimulus that we haven’t even used yet.
And, the Gov’t is in the process of recovering many tens of billions that were fraudulently applied for.
My understanding is the President can allocate that 61%(?) in any way he chooses as long as that allocation is in keeping with the intent of procurement.
That is, for the purpose of benefitting the small businesses and American workers affected by the pandemic.
Maybe. But it seems unlikely that any president could have a giant slush fund and keep it secret from the avaricious Democraps
Maybe. But it seems unlikely that any president could have a giant slush fund and keep it secret from the avaricious Democraps
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Kinda like that $140 billion obammy & kerry shipped out to iran??
Touché. And they both should have been sent to Guantanamo years ago
Wouldn’t be the first time we had to pass a bill to find out what was in it ...
Republicans NEVER prepare like this !!! Best President ever - this is like have a half trillion dollar re-election fund !!!
It’s just further dilution of the dollar.
“Republicans NEVER prepare like this !!! Best President ever - this is like have a half trillion dollar re-election fund”!!!
Your observation is absolutely correct. This is because Politicians are INFERIOR human beings whose stock in trade is to prey upon other inferior human beings with IQ’s an order of magnitude lower than the politicians themselves.
There have been few exceptions to this in the history of our country. Indeed in the history of the world.
Donald Trump is among this unique group. A man of extreme wealth and privilege who willingly sacrificed his privilege to serve the people.
And, what has he gotten for his sacrifice? 24/7/365 Demonization and attack by the Deep State Bureaucrats, the MSM, the entertainment industry, the Lawyers and Teachers Unions, Public Employee Unions, etc...
What does this man do? Does he quit? No chance. He doubles down. He goes on the offensive. He fights for the Average American. The Forgotten American. 24/7/365. Relentlessly. As he promised he would.
It is my perspective that God Almighty that Blessed this nation so long ago has chosen to Bless this nation yet again. With Donald Trump.
Will American rise to this occasion? Will America recognize the fighter God Almighty has given us and rally to his side or, will we fail to recognize this moment in history. This moment in history when we have been offered a fork in the road choice.
I pray to God Almighty we make the proper choice. That we choose a man in Donald Trump that has a true love of this country and has a positive vision for her future based upon freedom, individual liberty, and love of God and country.
Probably the trillion left from the last covid package that has not yet been spent
It’s the ‘Fed dollar’, not the ‘dollar’ that will crash and must crash if not extinguished and put down. That’s the Fed dollar as in ‘Petrol dollar’ evolved into the ‘globalist dollar’ masked in a mixture of domestic and international liquidity facilities with Americans fooled into thinking the Federal Reserve is federal. It’s not, although it appears to wear federal makeup.
This point is crucial to understand where we are in history and where we’re going. The point is there are TWO entities comprising the Federal Reserve, one public, one private, and the private controls the public and is orders of magnitude larger.
https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks
The private member banks that control the Fed, notably those behind the NY Fed, evolved into global entities. For example, the central bank of Iraq is JP Morgan.
The private member banks of the Federal Reserve, aka the central bankers, grew distant, no longer in close allegiance with the United States which is held as just another country destined to fold in with supra trade organizations such as the TPP and others, with hemispheric currency such as the Amero rendering any semblance of a US dollar as superfluous. This has been put on hold as Trump occupies the White House but is ready for restart once globalists are rid of the Trump ‘blip’.
Another crucial fact to absorb is the intel agencies also went global serving as de facto enforcers to central bankers. This was a natural evolution because central bankers can create digital funds at the snap of a finger, never audited, using the intel community (IC) to create trace blocks to fund origins (laundering) with IC group operatives funded ‘off book ‘. Central bankers and IC were joined at the hip. General Flynn was going to audit the IC and what happened to him was predictable given all that has happened to those getting too close to uncovering what central bankers do in the dark.
Snowden was an IC asset under CIA sent into to steal spy tools from NSA in a clandestine internecine war between CIA and NSA with Admiral Mike Rogers defending the interests of the United States. The NSA had developed global surveillance and monitoring tools so far advanced as to render obsolete CIA and other international IC agencies. The NSA could monitor what the international IC groups were doing. Obviously, the IC leadership (e.g. Brennan et al) couldn’t have that, hence Snowden.
Once you grasp the historical evolution of central bankers, IC groups, subjugation of nation states, it becomes possible to understand the Trump plan for a return to gold backed US Notes which preceded the destructive Fed dollar.
https://www.freerepublic.com/focus/f-bloggers/3871983/posts
#49 and #55
Right.
Also, I was appalled to find out that my sister, who works for a Democrat State, is 70 years old and a supervisor, works 4 days a week and gets the extra $600 in unemployment on the advice of her Governor, who thinks he’s getting one over on Donald Trump. He has the government employees working 4 days a week so that they can receive this extra $600 a week? She laughs about it.
Well said.
...like have a half trillion dollar re-election fund !!!
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He used it to cut drug prices while cutting out the middlemen; extending the eviction moratorium and extending the student loan repayment (and interest repayment) moratorium.
He bought a few prog votes. He won’t lose a few more R votes because it isn’t new money AND (drumroll): he forced Nanzi and ChuckU to cut $1T from their stimulus demands.
This guy is GOOD!
As they say on Wall St, “it’s already in the cake.”
Wall St would have based their futures on the entire amount. They know money never goes unspent.
...the Trump plan for a return to gold backed US Notes which preceded the destructive Fed dollar.
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I do not even pretend to understand all the macro-economics involved (and thanx for the tutorial, which helped _a bit_), but my 1st reaction to the article, since it pertained to the arcane workings of the Fed, was to wonder if this furthered The Donald’s Master Economic Plan.
I think you are saying: Why, yes, yes it does!
YES, IT’S LONG. AS LONG AS OUR PROBLEM IS BIG!
Brilliant Christian monetary realist, charter, corporate, bush pilot and businessman
Bruce McCarthy delivers a humorous program on the complex, pervasive and destructive Marxist based fraud being perpetrated on Americans...and why it continues even though the perpetrators freely admit what they’re doing to us.
That said, he’ll have you laughing through your tears for America.
PAPER DEBT “MONEY” PART 1
https://www.brighteon.com/dd2435a2-f586-438b-86a3-6792cb28e99f
PAPER DEBT “MONEY” PART 2
https://www.brighteon.com/c9ceeb06-ed31-45a1-bd42-f217b9d5710f
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