>>15500417>The NYFed runs the fucking planet, make no mistake about it.<<<———this is the international banking cartel driving humanity into the ground
>private owners of the NYFed, aka shareholders aka primary dealers>privately-incorporated company>market makers for US treasuries>used to be 46, now there are 24>Five-time felon JPM is the largestBehold, people! The failures of 2008 on fucking steroids.
>this is regulatory capture by the NYFed's primary dealers, allowing for the fleecing of an entire nation's wealthThe 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.
