[Majorityrights News] Trump will ‘arm Ukraine to the teeth’ if Putin won’t negotiate ceasefire Posted by Guessedworker on Tuesday, 12 November 2024 16:20.
[Majorityrights News] Alex Navalny, born 4th June, 1976; died at Yamalo-Nenets penitentiary 16th February, 2024 Posted by Guessedworker on Friday, 16 February 2024 23:43.
[Majorityrights Central] A couple of exchanges on the nature and meaning of Christianity’s origin Posted by Guessedworker on Tuesday, 25 July 2023 22:19.
[Majorityrights News] Is the Ukrainian counter-offensive for Bakhmut the counter-offensive for Ukraine? Posted by Guessedworker on Thursday, 18 May 2023 18:55.
Taylor discusses the Youtube channel shut downs (including his own, Amren)...and BLM - unprecedented bald hatred of Whites, being supported by major corporations including H.P. Disney, Apple, IKEA, Goldman Sachs, Black Rock, Google ...
At the same time, member of the “American intelligentsia”, Paul Krugman, remarks:
Reality is coming for white supremacists driving golf carts
Florida is reporting an unprecedented number of Covid-19 cases, but Governor Ron DeSantis has pointed to the relatively low median age of the sick—36—to suggest that the outbreak isn’t having serious clinical consequences.
But now, record numbers of Floridians 75 and older are testing positive for Covid-19, according the latest report from Sunday, which reflects data through Saturday.
BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.
To most people, if they are familiar with it at all, BlackRock is an asset manager that helps pension funds and retirees manage their savings through “passive” investments that track the stock market. But working behind the scenes, it is much more than that. BlackRock has been called “the most powerful institution in the financial system,” “the most powerful company in the world” and the “secret power.” It is the world’s largest asset manager and “shadow bank,” larger than the world’s largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software. BlackRock has also been called “the fourth branch of government” and “almost a shadow government”, but no part of it actually belongs to the government. Despite its size and global power, BlackRock is not even regulated as a “Systemically Important Financial Institution” under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had “cozy” relationships with government officials.
BlackRock’s strategic importance and political weight were evident when four BlackRock executives, led by former Swiss National Bank head Philipp Hildebrand, presented a proposal at the annual meeting of central bankers in Jackson Hole, Wyoming, in August 2019 for an economic reset that was actually put into effect in March 2020. Acknowledging that central bankers were running out of ammunition for controlling the money supply and the economy, the BlackRock group argued that it was time for the central bank to abandon its long-vaunted independence and join monetary policy (the usual province of the central bank) with fiscal policy (the usual province of the legislature). They proposed that the central bank maintain a “Standing Emergency Fiscal Facility” that would be activated when interest rate manipulation was no longer working to avoid deflation. The Facility would be deployed by an “independent expert” appointed by the central bank.
The COVID-19 crisis presented the perfect opportunity to execute this proposal in the US, with BlackRock itself appointed to administer it. In March 2020, it was awarded a no-bid contract under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to deploy a $454 billion slush fund established by the Treasury in partnership with the Federal Reserve. This fund in turn could be leveraged to provide over $4 trillion in Federal Reserve credit. While the public was distracted with protests, riots and lockdowns, BlackRock suddenly emerged from the shadows to become the “fourth branch of government,” managing the controls to the central bank’s print-on-demand fiat money. How did that happen and what are the implications?
Rising from the Shadows
BlackRock was founded in 1988 in partnership with the Blackstone Group, a multinational private equity management firm that would become notorious after the 2008-09 banking crisis for snatching up foreclosed homes at firesale prices and renting them at inflated prices. BlackRock first grew its balance sheet in the 1990s and 2000s by promoting the mortgage-backed securities (MBS) that brought down the economy in 2008. Knowing the MBS business from the inside, it was then put in charge of the Federal Reserve’s “Maiden Lane” facilities. Called “special purpose vehicles,” these were used to buy “toxic” assets (largely unmarketable MBS) from Bear Stearns and American Insurance Group (AIG), something the Fed was not legally allowed to do itself.
BlackRock really made its fortunes, however, in “exchange traded funds” (ETFs). It gained trillions in investable assets after it acquired the iShares series of ETFs in a takeover of Barclays Global Investors in 2009. By 2020, the wildly successful iShares series included over 800 funds and $1.9 trillion in assets under management.
Posted by DanielS on Wednesday, 27 May 2020 06:05.
While there is no doubt that The Powers That Be will exploit the C-19 epidemic for all it’s worth, up to their usual tricks of consolidating wealth to themselves and allocating some to racial sell-outs, squeezing out the middle, aspirational White class who might challenge them directly, those Whites who are being squeezed out of the middle class provide a recruitment opportunity for White Unionization.
Let’s take a look back at Anthony’s take on C-19 to see how his assessments hold up:
Interview: In Case You Haven’t Noticed, This Is A Bolshevist Takeover West Wide
A total Bolshevist take over is taking place. West wide. Under the guise of ‘Corona’.
It’s the New World Order implementing Agenda 2030 and their ‘Communitarianism’, which is just Communism 2.0.
They are creating a double whammy on the economy: Financial Collapse, which started in September last year, with massive money printing. Back then it was 75 Billion per day. Next a few hundred billion.
Just the other day, the Fed stated they are now bailing out the repo market to the tune of……….$1 TRILLION……………….per day!!
Maybe all the new experts about ‘exponential growth’ can calculate what that is doing to the Dollar.
Meanwhile, they’re just shutting down the real economy. Just destroying the livelihoods of millions of people all over the West, locking down entire sectors, offering 1000 bucks (1500 Euro’s in Holland) to make ends meet in the months ahead in exchange.
Aren’t they great? Is Big Brother not reaching out? Is it any wonder that the multitude are very grateful? Getting saved from The Bug, and next getting a hand out too?
Sadly, reality landing won’t take long. A few thousand Fed bucks are not going to replace weeks and months of real production.
The US Economy is projected to implode with 14% next quarter. Talk about torching the place.
It is not going to seriously console millions of newly unemployed. Bankrupt small business.
The main target, as always, is the West. America in particular.
This is what many have been waiting for, for a long, long time. We will be facing many major shocks, that will send people reeling in similar ways as this stupid bug. Many will crack under the pressure.
Affidavit quotes Trump confidant Roger Stone being told by a Jerusalem contact: ‘He is going to be defeated unless we intervene. We have critical intell. The key is in your hands!’
Prime Minister Benjamin Netanyahu, right, and US President Donald Trump shake hands at the Israel Museum in Jerusalem, May 23, 2017. (AP/Sebastian Scheiner)
Roger Stone, a longtime confidant of President Donald Trump who was convicted last year in Robert Mueller’s investigation into ties between Russia and the Trump campaign, was in contact with one or more apparently well-connected Israelis at the height of the 2016 US presidential campaign, one of whom warned Stone that Trump was “going to be defeated unless we intervene” and promised “we have critical intell[sic].”
The exchange between Stone and this Jerusalem-based contact appears in FBI documents made public on Tuesday. The documents — FBI affidavits submitted to obtain search warrants in the criminal investigation into Stone — were released following a court case brought by The Associated Press and other media organizations.
A longtime adviser to Trump, Stone officially worked on the 2016 presidential campaign until August 2015, when he said he left and Trump said he was fired. However he continued to communicate with the campaign, according to Mueller’s investigation.
The FBI material, which is heavily redacted, includes one explicit reference to Israel and one to Jerusalem, and a series of references to a minister, a cabinet minister, a “minister without portfolio in the cabinet dealing with issues concerning defense and foreign affairs,” the PM, and the Prime Minister. In all these references the names and countries of the minister and prime minister are redacted.
Section of FBI document with heavily redacted references to a minister, a cabinet minister, a “minister without portfolio in the cabinet dealing with issues concerning defense and foreign affairs,” the PM, and the Prime Minister.
Benjamin Netanyahu was Israel’s prime minister in 2016, and the Israeli government included a minister without portfolio, Tzachi Hanegbi, appointed in May with responsibility for defense and foreign affairs. One reference to the unnamed PM in the material reads as follows: “On or about June 28, 2016, [NAME REDACTED] messaged STONE, “RETURNING TO DC AFTER URGENT CONSULTATIONS WITH PM IN ROME.MUST MEET WITH YOU WED. EVE AND WITH DJ TRUMP THURSDAY IN NYC.” Netanyahu made a state visit to Italy at the end of June 2016.
It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached. (Photo: Public domain)
Was the Fed Just Nationalized?
Did Congress just nationalize the Fed? No. But the door to that result has been cracked open.
It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached.
Mainstream politicians have long insisted that Medicare for all, a universal basic income, student debt relief and a slew of other much-needed public programs are off the table because the federal government cannot afford them. But that was before Wall Street and the stock market were driven onto life-support by a virus. Congress has now suddenly discovered the magic money tree. It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached. Beyond that, the Federal Reserve is making over $4 trillion available to banks, hedge funds and other financial entities of all stripes; it has dropped the fed funds rate (the rate at which banks borrow from each other) effectively to zero; and it has made $1.5 trillion available to the repo market.
It is also the Federal Reserve that will be picking up the tab for this bonanza, at least to start. The US central bank has opened the sluice gates to unlimited quantitative easing, buying Treasury securities and mortgage-backed securities “in the amounts needed to support smooth market functions.” Last month, the Fed bought $650 billion worth of federal securities. At that rate, notes Wall Street on Parade, it will own the entire Treasury market in about 22 months. As Minneapolis Fed President Neel Kashkari acknowledged on 60 Minutes, “There is an infinite amount of cash at the Federal Reserve.”
In theory, quantitative easing is just a temporary measure, reversible by selling bonds back into the market when the economy gets back on its feet. But in practice, we have seen that QE is a one-way street. When central banks have tried to reverse it with “quantitative tightening,” economies have shrunk and stock markets have plunged. So the Fed is likely to just keep rolling over the bonds, which is what normally happens anyway with the federal debt. The debt is never actually paid off but is just rolled over from year to year. Only the interest must be paid, to the tune of $575 billion in 2019. The benefit of having the Fed rather than private bondholders hold the bonds is that the Fed rebates its profits to the Treasury after deducting its costs, making the loans virtually interest-free. Interest-free loans rolled over indefinitely are in effect free money. The Fed is “monetizing” the debt.
It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached. (Photo: Public domain)