(re-post cuz its good info)
Exchange Stabilization Fund (pertains to BIS and every other damn thing)
The short story:
The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund .
The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury. By law, the Secretary has considerable discretion in the use of ESF resources.
Step back in time:
Secretary of the Treasury:
2006- 2009: Henry "Hank" Paulson Jr., GHW BUSH
2009: Stuart Levey- interim, served 6 days, Obama transition.
2009- 2013: Timothy Geithner, Hussein.
2013: Neil Wolin, served 1 month.
2013- 2017: Jacob Lew, Hussein
ALL of the above were responsible for the banking crisis/collapse. They had considerable discretion of all funds.
SDR's are a creation/brainchild of the IMF.
We need to sauce this! My bet is there's a clear trail from #44's Treasury thru to the IMF, then on to foreign governments. With a stop or two along the way to line their pockets too. The banks were the big winners as well, lifting foreign currency and crippling the US economy.
For those too young to recall, the banking collapse began foreclosures on homes, ended any type of interest-bearing accounts, enumerable bankruptcies, and put (You) the taxpayer on the hook for the TRILLIONS of dollars these clowns GAVE to the banks in what they termed a bail-out.
Your kids won't ever pay this back. Their kids won't pay it back. It goes on into perpetuity and We the People are enslaved to the debt they created.
DIG ANONS!