DID THE TREASURY JUST MERGE WITH THE FED?

April 1, 2020
April 1, 2020 Kirk Elliott

DID THE TREASURY JUST MERGE WITH THE FED?

Interview on Nemos News Network 04/01/2020

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TREASURY MERGING WITH THE FED? DID A MARRIAGE JUST HAPPEN? COULD THIS BE WHAT QANON HAS BEEN TALKING ABOUT FOR MONTHS?

Kirk Elliott PhD 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.
  • The 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)
  • The 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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Kirk Elliott

Dr. Elliott is an economist, entrepreneur, and philanthropist. Dr. Elliott is the Founder Sovereign Advisors. Dr. Elliott is also the founder of Veribella, as well as CEO and Chairman of the Veribella Foundation, a non-profit with a mission of rescuing those enslaved in a lifestyle of sex trafficking. Dr. Elliott has been an author to numerous books, curriculums, and media projects.
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