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
It’s just further dilution of the dollar.
“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.
bkmrk
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.