Did the Treasury just merge with the Fed?  Interview on Nemos News Network

Did the Treasury just merge with the Fed? Interview on Nemos News Network

[vc_row][vc_column][vc_column_text]Dr. Elliott is interviewed by John Michael Chambers on the Nemos News Network.  Here are bullet points of the eye opening interview.

  • The Fed (by previous mandate) was only able to but official government securities and were autonomous to the White House.
  • With the new arrangement—they were just neutered.
  • TREASURY DEPARTMENT will determine which markets/segments need capital (could be stocks, municipals, specific industries, even corporate debt—doesn’t appear there is a restriction)
  • TREASURY DEPARTMENT gets to tell the Fed to print money and how much
  • All the FED does is print that much money
  • A third party (BLACKROCK) executes the trades that the TREASURY department dictates.  This gets everything out of the hands of the FED except for the printing of money.
  • Still not sure who determines interest rates.

Taking out the fluff, this is basically the framework of how it appears to hav been set up moving forward.

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