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Political Information : True US History Last Updated: Aug 9, 2020 - 9:24:48 PM


Federal Reserve nationalized? Treasury Dept through the President can now directly invest in infrastructure?? Is this the breakthrough with public banking and monetary reform worth ~$1,000,000 per US household???
By Carl Herman
Aug 11, 2020 - 8:25:06 PM

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https://carlbherman.blogspot.com/2020/03/federal-reserve-nationalized-treasury.html

Q posted a link to a Bloomberg opinion-piece walking through the mechanics of the “stimulus” policy. The game-changer is that Treasury is now calling the shots rather than the Fed. This seems to effectively nationalize the Fed, which means the power to create what we use for money is apparently now in the Executive Branch of the federal government.

This is what Milton Friedman recommended as his #1 structural change to improve the US economy. Friedman argued over his career that this is the most important change because it transfers power from a privately-owned institution of what became “too big to fail” banks who only had the capacity to create what we use for money as debt, to also having the power to create debt-free money for direct public investment of infrastructure. As we know: to the extent money created from nothing functions as an investment returning more economic output than investment cost, we see triple benefits of upgraded infrastructure, jobs up to full employment, and overall falling prices.

The evidence for the importance to have power to create money debt-free as a positive number is Emperor’s New Clothes obvious with the exponential growth of governmental and aggregate debt. The mechanics are obvious: the accelerating debt is because we’re adding negative numbers forever without capacity to create positive numbers.

This is not a poorly-designed systems for our .01% wanna-be masters who foisted it upon We the People by purchasing corporate media and controlling public education. Because the Wall Street banks create what is used for money as a debt owed back to them, these mechanics allow their .01% psychopaths power to literally own the world within that system. This evil is key for those working for a global empire in order to enrich themselves, and pay their millions of required minions to keep this lie hidden from public awareness.


The evil of the Federal Reserve is a grand showcase of the human condition: paper-thin propaganda that is sooooo easily punctured to reveal concentrated evil. The vulnerability to simple comprehensive truth is why We the People might, just might, be at the opening to the very first global freedom for those who choose love, with Earth working for all our inhabitants.

Nationalizing the Fed for monetary reform is a focus of my professional research since 1996, with The Claremont Colleges publishing a paper to walk people through those mechanics along with public banking. I quantify the benefits at ~$1,000,000 per average US household. These two reforms are literally the most valuable you can learn: here is a 1-page summary.

Better read the above paragraph again, citizen: you've been cheated out of a million dollars as the minimum that I can professionally quantify. Of course, what we can see is likely just a few percent of what has been hidden from us.

This could be a game-changer if the investment power newly created benefits the public, or could be “business as usual” if this is just pretense for change by .01% oligarchs.

We shall see.

Bill Still’s sharp 20-minute analysis:



Article excerpt:

In just these past few weeks, the Fed has cut rates by 150 basis points to near zero and run through its entire 2008 crisis handbook. That wasn’t enough to calm markets, though — so the central bank also announced $1 trillion a day in repurchase agreements and unlimited quantitative easing, which includes a hard-to-understand $625 billion of bond buying a week going forward. At this rate, the Fed will own two-thirds of the Treasury market in a year.

But it’s the alphabet soup of new programs that deserve special consideration, as they could have profound long-term consequences for the functioning of the Fed and the allocation of capital in financial markets. Specifically, these are:
CPFF (Commercial Paper Funding Facility) – buying commercial paper from the issuer. PMCCF (Primary Market Corporate Credit Facility) – buying corporate bonds from the issuer. TALF (Term Asset-Backed Securities Loan Facility) – funding backstop for asset-backed securities. SMCCF (Secondary Market Corporate Credit Facility) – buying corporate bonds and bond ETFs in the secondary market. MSBLP (Main Street Business Lending Program) – Details are to come, but it will lend to eligible small and medium-size businesses, complementing efforts by the Small Business Association.

To put it bluntly, the Fed isn’t allowed to do any of this. The central bank is only allowed to purchase or lend against securities that have government guarantee. This includes Treasury securities, agency mortgage-backed securities and the debt issued by Fannie Mae and Freddie Mac. An argument can be made that can also include municipal securities, but nothing in the laundry list above.

So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does this mean? In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing. The Fed hired BlackRock Inc. to purchase these securities and handle the administration of the SPVs on behalf of the owner, the Treasury.

In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades.

This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.

The “stimulus” rewards .01% insiders. Jimmy Dore interviews insider Matt Stoller to document in 42 minutes of excellent analysis:


How does monetary reform and public banking provide ~$1,000,000 benefits per average US household? I discussed this in a video presentation with Professor Jim Fetzer in 2017 in 57 minutes:


The Big Picture: US ongoing illegal rogue state empire

You live under an evil government with central policies in war, money, and lying that annually kill millions, harm billions, and loot trillions, as the following documents. Consider a brief listing, just as Thomas Jefferson detailed crimes of his own government one year before official policy of gun confiscation in that previous revolution:
  • Empires loot, plain and simple. American sheeple are, of course, targeted and looted by the tens of trillions. Monetary reform and public banking are two reforms documented since Ben Franklin wrote about colonial Pennsylvania operating without need to tax. Benefits of these two reforms are ~$1,000,000 per US household. You literally have nothing more valuable to learn, and must, or you can kiss your assets goodbye to “required austerity.” Economic solutions for a world that works for everyone with no-one left out have been documented since Bucky Fuller over 50 years ago.
  • The US is not limited government under a constitution, but systematically removing rights once asserted as God-given and secured by government to defend Life, Liberty, and pursuit of Happiness. US military and government employees are Oath-bound to recognize illegal and lying empire, refuse to obey illegal orders (there are no lawful orders for illegal Wars of Aggression), and arrest those who issue them.
  • Our “leaders” have poverty and war-murdered over 400 million people in just the last 25 years. The .01% "leaders" of "former" colonial/slave powers and "developed" nations promised the end of poverty since 1969 at global summits, with less than 1% GNI investment (a fraction of colonial looting) for a total ~10-year project for ~$1 trillion (about what the US annually invests for military). The 400+ million poverty deaths just since 1993 is more than deaths from all wars and violence of any kind in all human history.
  • The ongoing reneged promises to end poverty with lying corporate media and public education complicity (see this astounding disinformation from the NY Times) means our "leaders" prefer unimaginable suffering and death rather than technically-simple solutions.
  • Our .01% opponents overthrow democracies challenging global empire: 80+ since World War 2.
  • They engage in democide: murder by government to keep our numbers low and weak through fluoride, vaccines, GMO non-foods, and many other attacks on our vitality (explore).
  • A dark, deep topic on its own: they are pedophiles.
  • People around the world view the US as the greatest threat to peace; voted three times more dangerous than any other country.
  • Since WW2, Earth has had 248 armed conflicts. The US started 201 of them.
  • These US armed attacks have killed ~30 million and counting; 90% of these deaths are innocent children, the elderly and ordinary working civilian women and men (and here).
  • The annual number of poverty deaths is equal in volume to a Freedom Tower in NYC. “Leaders” of “developed” nations have promised the end of poverty since 1969. Better read that again, and reflect on its meaning of what kind of “leaders” we have in the “developed” world.
  • Since Operation O.I.L. (Operation Iraqi Liberation; yes, that was the oligarchs’ first name), 2.4 million Iraqis have been killed as a direct consequence.
The US is arguably worse in corruption, psychopathy, and causing misery than tragic-comic Roman Emperors. Such “leaders” certainly have the greater capacity to harm.

There's no need to believe anyone with any of this independently-verifiable data: look for yourself.

Other options include this White Paper circulated among Members of Congress, or this 56-minute interview to define rogue state empire with three case studies:


You don't need further data, and that said, there's more in abundance:
Categories of crime include:
  1. Wars of Aggression (the worst crime a nation can commit).
  2. Likely treason for lying to US military, ordering unlawful attack and invasions of foreign lands, and causing thousands of US military deaths.
  3. Crimes Against Humanity for ongoing intentional policy of poverty that’s killed over 400 million human beings just since 1995 (~75% children; more deaths than from all wars in Earth’s recorded history).
US military, law enforcement, and all with Oaths to support and defend the US Constitution against all enemies, foreign and domestic, face an endgame choice:
In just 90 seconds, former US Marine Ken O’Keefe powerfully states how you may choose to voice “very obvious solutions”: arrest the criminal leaders (video starts at 20:51, then finishes this episode of Cross Talk):


3-minute video: Police, Military – Was your Oath sincere?
**

I make all factual assertions as a National Board Certified Teacher of US Government, Economics, and History (also credentialed in Mathematics), with all economic factual claims receiving zero refutation since I began writing in 2008 among Advanced Placement Macroeconomics teachers on our discussion board, public audiences of these articles, and international conferences (and here). I invite readers to empower their civic voices with the strongest comprehensive facts most important to building a brighter future. I challenge professionals, academics, and citizens to add their voices for the benefit of all Earth’s inhabitants.
**
Carl Herman worked with both US political parties over 18 years and two UN Summits with the citizen’s lobby, RESULTS, for US domestic and foreign policy to end poverty. He can be reached at Carl_Herman@post.harvard.edu

Note: My work from 2011 to October 2017 was on Washington’s Blog, which the owner closed from Internet censorship in 2019, and here since. Work back to 2009 is censored by Examiner.com (blocked author pages: here, here). This means that some links in essays are inactive. If you’d like to see those articles, go to http://archive.org/web/, paste the expired link into the search box, click “Browse history,” then click onto the screenshots of that page for each time it was screen-shot and uploaded to webarchive.

NOTE: Despite this being my own blog, I'm effectively blocked from responding to comments from all my devices! I appreciate all expressions of virtue to move us forward, as best we see "forward." Stand with your Faith; this is our collective final exam :) :)

Source: https://carlbherman.blogspot.com/2020/08/have-we-people-already-won-and-qs-show.html

[Colour fonts and bolding added.].

 

 




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