What Were The Federal Reserve Staff Up To When They Sluiced Wall Street Bankers With Trillions?
The Federal Reserve is helping Wall Street giants. Here’s how it’s done and then why was it done? Get all the info here in a detailed report.
What Is The Stand Of Federal Reserve Officials?
The Federal Reserve has continued to serve corporate interests and the banking cartel while American citizens wait for bureaucrats to pass a new coronavirus relief package. Members of the Fed have given more stimulus to crony Wall Street corporatists than it did in 2008 behind the curtains from the comfort of their own mansions. Effortlessly surpassing the quantitative easing (QE) tactics that followed the United States subprime mortgage crisis, is the US central bank’s monthly rounds of the stimulus.
The Fed is still purchasing $80 billion a month in mortgage-backed securities and $40 billion per month in treasuries ahead of the presidential election. From 2012 through 2014 as well, the net of redemptions outpaces the 2008 bailouts and the QE.
Mainstream media continue to dangle talks of a stimulus package for the average citizen meanwhile most Americans haven’t even blinked over the central bank’s massive money creation.
What Was The Federal Reserve Doing With JPMorgan Chase?
As the bank lowered the threshold for certain businesses, on Friday, the Fed dropped the threshold for the Mainstreet Lending program.
According to data collected by the investigative financial journalists' Pam Martens and Russ Martens, at the same time, the Fed has commissioned JPMorgan Chase with $2 trillion in bonds.
In jest, the Martens ask, in this case, if your neighbour across the street then criminally charged with five felony counts thereby for financial crimes in the past six years, has then admitted to committing each and every crime to the US Department of Justice. Thereafter will you be putting one-third of all of the money in a safe given that neighbour the combination asking him to hold the safe in his house for you?
Further on the Martens insist, if you did something like that, you would probably be suited up for a straight jacket. When it comes to JPMorgan Chase that’s effectively what the Federal Reserve, the central bank of the United States has done.
According To Reports Of The Fed Chair
Publishing the US Representative for California, Congresswoman Katie Porter’s recent letter to Fed Chair Jerome Powell and the Board of Governors is the financial columnists. To purchase the debt of banks like JPMorgan Chase, Porter writes that the Federal Reserve is using billions of taxpayer dollars.
Highlighting the serious conflict of interest between the Fed and the firm Blackrock is additionally Porter’s letter. Directly benefitting Wall Street and the world’s richest corporate executives are essentially the letter stressing that the Federal Reserve’s decision to buy corporate debt with taxpayer dollars.
It has been a revolving farce passed around the headlines mainstream media publishes every day are the talks of looming stimulus for the average American citizen. A carrot is being dangled in the air by the media with these talks of relief packages as massive rounds of stimulus are happening with QE-style debt purchases. For working remotely from home, one MSM outlet actually praised the Fed members this week.
Detailing during a recent webinar discussion was Randal Quarles, the Fed’s Vice Chairman as he says largely working remotely are they with having very limited staffing if any for most of the banks and branches.
What Do The Officials Have To Say Further On?
Claiming that Federal Reserve employees haven’t missed a step this year was Mary Daly the San Francisco Fed President on October 22.
The Fed’s 2020 USD pump eclipsed more than two centuries of the country’s dollar creation with well over $9 trillion in stimulus injections.
The US has created 22% of all the USD issued since the birth of the nation as estimates say in just a mere eight months in 2020.
Allegedly preventing a US economic collapse, meanwhile, MSM rags continue to claim Americans should be grateful to the Federal Reserve.
From the comfort of their own mansions, rather, the Fed has managed to create trillions for the revolving door of fascist bankers. The Fed certainly hasn’t missed a step when it comes to corporate and banker bailouts.
The Conclusion Of The Report On The Federal Reserve
Going by the stand of the Feds, there is little to worry about the Wall Street officials. Here we have highlighted quite a few of the reasons.
Hence, we insist you get the insight into the matter helping identify what goes on between the Federal Reserve and JPMorgan Chase. So now you get all the details as to why the trillionaires were commissioned from the comfort of their mansions.