tyb
article continued from last bread below.
o7
--–
>>18934104 lb article continued note date of article
ECONOMICS by Jamie Redman Apr 20, 2020
blackrock has taken over the fed reserve
‘Too Big to Fail’ Can Now Simply Bail Themselves Out Without Permission
What’s even worse is the ‘too big to fail’ bankers like Blackrock can work together to keep the monetary Ponzi scheme going strong. For instance, Blackrock can bail itself out and their friends at any time they want, and most of Blackrock’s buddies include fossil fuel suppliers. These fuel producers are feeling the brunt of the economic slowdown, as a barrel of crude oil dropped to $15 on April 20. Even though some hedge funds and Wall Street execs remain quiet about Blackrock’s special deal, 30 well known firms wrote a letter to the Fed’s Chair protesting the move. The Letter explained that the Fed’s decision makes Blackrock even more “systemically important to the financial system” by being able to do whatever the institution pleases. The letter against the Blackrock decision written to the Fed Chair Jerome Powell adds:
Furthermore, Blackrock is the largest purveyor of ETFs (exchange-traded funds), and this deal gives it the power to buy up its own ETF products, potentially earning double.
Economic Lockdowns and Money Printing Fulfils the Government’s Wildest Fantasies
Freedom advocates and believers in sound money have been warning about the disastrous effects from central banking and the economic ‘busts and booms’ these banks create. A slew of people who can clearly see the fraud and manipulation are turning to monetary ideas that skip over the banking-cartel. People are finding financial freedom by leveraging barter and trade, precious metals, and cryptocurrency solutions. Despite the fact that money printing and currency devaluation has destroyed every empire for centuries, the U.S. government and Federal Reserve continue to defraud the American populace. For some reason, the U.S. bureaucracy thinks people can survive through endless stimulus handouts and corporate bailouts, while at the same time forcefully keeping industries shut down.
“Economic lockdowns were the fantasies of government officials so out of touch with economic and physical reality that they thought the costs would be fairly low,” AIER’s Wright highlighted in his editorial published on Monday. “Money can be printed, bailouts paid, and inflation checked with price controls, they believed, following, it appears, the notions of debunked MMT theorists. Economic illiteracy reared its ignorant head yet again,” Wright added.
The appointment of Blackrock and all the Fed’s risky schemes over the last few weeks shows that even with endless fiat printing, they cannot control the economy. Instead, the Federal Reserve and countless U.S. politicians have ruined the American economy and it will be lucky if the U.S. monetary system makes it out of this mess alive.
end
https://news.bitcoin.com/americas-banks-can-simply-bail-themselves-out-now-thanks-to-the-feds-blackrock-deal/