Gotta tell you guys that the Fed is going to get restructured. Basically its going to declare bankruptcy and stiff the central banks to whom it is indebted.
Trump is looking to nominate Judy Shelton to the Federal Reserve as she is the one who will do the restructuring. [1]
How is he able to 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.” [2]
So what does this mean? The US is going to go to a gold backed currency. The federal debt is going to be wiped out. With no federal debt to pay interest on, personal income taxes are going away. The whole wealth transfer mechanism of the central bank system gets cut off.
Edit: Take note of the change Trump has made in recent weeks. Has he been tweeting out that the Fed needs to do this or that? No. Because he can just order them to do it now.
2nd Edit: Also, notice how the IRS dealine for filing and pay has been delayed, for the first time in history? Because Trump ordered it. The IRS isn't even pursuing collection actions on old taxes owed. The filing deadline is going to get moved again to the end of the year, mark my words.
1. https://www.cnbc.com/2019/07/02/trump-to-nominate-judy-shelt...
2. https://finance.yahoo.com/news/feds-cure-risks-being-worse-1...
Trump is looking to nominate Judy Shelton to the Federal Reserve as she is the one who will do the restructuring. [1]
How is he able to 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.” [2]
So what does this mean? The US is going to go to a gold backed currency. The federal debt is going to be wiped out. With no federal debt to pay interest on, personal income taxes are going away. The whole wealth transfer mechanism of the central bank system gets cut off.
Edit: Take note of the change Trump has made in recent weeks. Has he been tweeting out that the Fed needs to do this or that? No. Because he can just order them to do it now.
2nd Edit: Also, notice how the IRS dealine for filing and pay has been delayed, for the first time in history? Because Trump ordered it. The IRS isn't even pursuing collection actions on old taxes owed. The filing deadline is going to get moved again to the end of the year, mark my words.
1. https://www.cnbc.com/2019/07/02/trump-to-nominate-judy-shelt...
2. https://finance.yahoo.com/news/feds-cure-risks-being-worse-1...