Essentially, the Fed will "leverage the bill's $454 million bailout slush fund into $4.5 trillion". And no questions are allowed on who gets the money, because the bill simply cancels the Freedom of Information Act (FOIA) for the Fed.
The privileged private contractor for the slush fund is none other than BlackRock. Here's the extremely short version of the whole, astonishing scheme, masterfully detailed here.
Wall Street has turned the Fed into a hedge fund. The Fed is going to own at least two thirds of all U.S. Treasury bills wallowing in the market before the end of the year.
The U.S. Treasury will be buying every security and loan in sight while the Fed will be the banker - financing the whole scheme.
So essentially this is a Fed/ Treasury merger. A behemoth dispensing loads of helicopter money - with BlackRock as the undisputable winner.
BlackRock is widely known as the biggest money manager on the planet. Their tentacles are everywhere. They own 5% of Apple, 5% of Exxon Mobil, 6% of Google, second largest shareholder of AT&T (Turner, HBO, CNN, Warner Brothers) - these are just a few examples.
They will buy all these securities and manage those dodgy special Purpose Vehicles (SPVs) on behalf of the Treasury.
BlackRock not only is the top investor in Goldman Sachs. Better yet: Blackrock is bigger than Goldman Sachs, JP Morgan and Deutsche Bank combined. BlackRock is a serious Trump donor. Now, for all practical purposes, it will be the operating system - the Chrome, Firefox, Safari - of Fed/Treasury.
This represents the definitive Wall Street-ization of the Fed - with no evidence whatsoever it will lead to any improvement in the lives of the average American.
Western corporate media, en masse, have virtually ignored the myriad, devastating economic consequences of Planet Lockdown. Wall to wall coverage barely mentions the astonishing economic human wreckage already in effect - especially for the masses barely surviving, so far, in the informal economy.
For all practical purposes, the Global War on Terror (GWOT) has been replaced by the Global War on Virus (GWOV). But what is not being seriously analyzed is the Perfect Toxic Storm: a totally shattered economy; The Mother of All Financial Crashes - barely masked by the trillions in helicopter money from the Fed and the ECB; the tens of millions of unemployed engendered by the New Great Depression; the millions of small businesses that will simply disappear; a widespread, global mental health crisis. Not to mention the masses of elderly, especially in the U.S., that will be issued an unspoken "drop dead" notice.
Beyond any rhetoric about "decoupling", the global economy is already, de facto, split in two. On one side, we have Eurasia, Africa and swathes of Latin America - what China will be painstakingly connecting and reconnecting via the New Silk Roads. On the other side, we have North America and selected Western vassals. A puzzled Europe lies in the middle.
A cryogenically induced global economy certainly facilitates a reboot. Trumpism is the New Exceptionalism - so that means an isolationist MAGA on steroids. In contrast, China will painstakingly reboot its market base along the New Silk Roads - Africa and Latin America included - to replace the 20% of trade/exports to be lost with the U.S.
The meager $1,200 checks promised to Americans are a de facto precursor of the much touted Universal Basic Income (UBI). They may become permanent as tens of millions of people will be permanently unemployed. That will facilitate the transition towards a totally automated, 24/7 economy run by AI - thus the importance of 5G.
And that's where ID2020 comes in.
AI and ID2020
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