A New Fed Head

There is a new chairman of the private and unconstitutional Federal Reserve…President Donald Trump.

Bloomberg Friday published an opinion article on the recently signed 2.2 trillion dollar stimulus bill.  Bloomberg’s Jim Franco said “the federal government is nationalizing large swaths of the financial markets.  The Fed is providing the money to do it.  This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.”

That’s right, the President is nationalizing the Fed, something that has no reserve of anything nor is there anything federal about it.

In fact, the Fed…IS UNCONSTITUTIONAL!  Article 1, Section 8, Clause 5 says…

“The Congress shall have Power To…coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures…”

And there is more to the fed than one has been taught about…which is nothing in the government school systems in the U.S.

Blanco wrote about the following programs and their functions

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.

Kelen McBreen wrote for Infowars…

“The Fed isn’t allowed to do any of this,” he continues. “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 if the Fed “isn’t allowed” to conduct the above-mentioned operations, how is any of this happening?

Each acronym program listed will be connected to a special purpose vehicle (SPV) financed by the Fed.

Next, the Treasury will make an equity investment in each SPV, meaning they, not the Fed, purchase the securities and backstopping of loans and the Fed is acting as a bank 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,” Bianco writes.

“In effect,” he says, “The Fed is giving the Treasury access to its printing press.”

This is revolutionary because America’s Founding Fathers granted the power to print coin to Congress and Congress only.

See the link above for the section of the Constitution which has been since 1913 overthrown by foreign bankers and the elites.

McBreen said this action by Trump “appears to undo, at least partially, what former President Woodrow Wilson did in 1913, which was surrender Congress’ money-regulating powers to the privately-owned Federal Reserve.”

Alex Jones Saturday reported on this in a special broadcast available below…

 

 

And at Banned.Video through this link if and when the Chinese Communists at YouTube remove the embedded video

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