Quoted By:
the illegitimate fed:
<<<<<------behold, the failures of 2008
Counterfeiting via QE through the NYFed’s primary dealers which seditiously circumvents Congress’ SOLE authority to issue currency
Current and ever-increasing investment in China by our primary dealers (the owners of the NYFed and the failures of 2008 aka the issuers of our currency)
Reverse Repos actively paying MMFs to NOT invest trillions in America every business day
Fed officials blatantly violating federal criminal law for all to see by actively investing while making market-moving FOMC statements
The metastasizing fucking plague that is the Federal Reserve Uniparty is looking for many ways to be the ONE THAT ALLOCATES CAPITAL:
Fed proposing to allocate funding via CBDC issuance
Fed proposing to allocate funding via ESG (social/green credit of corporations)
Fed proposing to allocate funding via OCC Chief nominees (i.e. Saule Omarova and her ‘People’s Ledger’ communist manifesto, this failed)
Fed already does allocate funding via SPV liquidity during un/orchestrated crisis after crisis
Fed already does allocate funding via hedge funds using the repo and reverse repo markets
Fed already does allocate funding via QE liquidity
Fed already does allocate funding via funding to the MBS market
The NY Fed's QE counterfeiting scheme:
NYFed buys treasuries outright from NYFed primary dealers using reserves. This is QE.
Primary dealers take those reserves and earn IOER (now called IORB) on them, which is paid in cash to the primary dealers--cash, which they DO make interest on, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the Treasury)
The Fed did this in response to the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency since.
