Treasury Secretary Steve Mnuchin said last week declared that another $1-trillion will be created out of government debt and pumped into the economy. He also said that there now are discussions with Congress about how much more money will be created to bail out bankrupt states. [The more that individuals, corporations, institutions, and states become dependent on federal money, the more they all become subservient to the hand that feeds them. At the end of this road lies one, megalithic federal government as the supreme master of everything.] -GEG
With stocks tumbling, it was only a matter of time before Trump trotter out the “plunge protectors”, and sure enough just minutes after cash reopen, Steve Mnuchin dialed into CNBC, where he said that “we can’t shut down the economy again” amid growing fears of a second virus wave, and just to get the Robin hood traders extra pumped, the Treasury Secretary said that another $1 trillion will be pumped into the market economy.
- MNUCHIN SAYS OVER NEXT MONTH ANOTHER $1 TRILLION WILL BE PUMPED INTO U.S. ECONOMY
- MNUCHIN SAID ‘WE CAN’T SHUT DOWN THE ECONOMY AGAIN’
- MNUCHIN ‘QUITE OPTIMISTIC’ IN MEDICAL PROGRESS THAT HAS BEEN MADE ON COVID-19
- MNUCHIN SAYS FURTHER AID TO STATES WILL BE SUBJECT TO DISCUSSION WITH CONGRESS
Unfortunately for the stock market president, unlike previous Mnuchin appearances, this time the market was largely oblivious to his message, and was trading near the worst levels of the session, just around 3,100.
This appears to be the same program called Special Purpose Vehicles (SPV) back in March.
I suppose everybody is aware the banks can now seize depositors funds as bail-ins if the bank is insolvent.
The bank$ters unjust ‘bail-in law’ was excreted about 2013 to 2015 in western nations to legalize bank$ter thefts of We, Their Victims’, money. Keep as little as possible in THEIR bank$.
Their stolen (not earned) money is theirs. YOUR money is theirs. All else they can steal, extort and/or legislate away from victims is also theirs.
The story summaries in the Need To Know column are excellent.
one overlooked item by many writers iss the potential ownership of the Federal Reserve system [FR Board of Governors, Inc.] by the Wall Street banks. The Fed is consistently being used to bail out their owners. Talk about a conflict of interests. Ref. https://ncc-1776.org/tle2020/tle1071-20200607-04.html
And the ultimate end is national bankruptcy handled by the Federal Reserve which is itself responsible for the default.
Ref. https://ppjg.me/2019/11/18/the-federal-reserve-a-different-view/
Word play. If the basically mindless masses see “Treasury Department”, the sheeple gullibly think, “Oh, that’s OK. It’s the Treasury.” Before it was “the Fed” manufacturing money on their magic Mandrake* machine. Mindless masses may be edging nearer discovering how wicked that is. So, better put on the “Treasury” mask as a disguise to fool semi-conscious residents of the US.
* “Mandrake” is from GEG’s magnus work, The Creature From Jeckyll Island
Every trillion dollars [of Federal Reserve credit (FRN’s)
Every trillion dollars deficit [of Federal Reserve credit (FRN’s) created by book-entry credit for the government to spend] also results in one trillion dollars of profit on the ledgers of [Steve Mnuchin’s] Wall Street cronies books to fund the NWO, war-mongering, CIA nefarious act, etc..
Ref: https://ppjg.me/2019/11/18/the-federal-reserve-a-different-view/ ;
https://thedailycoin.org/ 2020/06/03/federal-reserve-con-artist-extraordinaire/
A primary reason for [congress’ ] government deficit spending is to give the TBTF bankers (owners of the FR system) money they can use to prevent bankruptcy of the WS banks.