I had a nice two days in nature before I head back to work. The madness in the world didn't skip a beat though. There is often some "crisis" -- real or not -- on the news to distract and focus attention way from government imposed robbery and impoverishment of the tax slaves.
As it turns out, the so-called "COVID financial crisis" or what have you, has nothing to do with COVID at the higher levels. It was long coming, and a plan was hatched in August 2019 by BlackRock to bail out the crooks on WallStreet with American tax payer money. It's an excuse to rob people blind.
Source
Yes, there is a financial crisis happening during COVID for the common person in society. Why? Because of governments. Governments prevented people from going to work and earning a living and providing for themselves and their families. Governments did that, not COVID. Government policies did that and helped more people die who could have easily survived the infection. But that didn't serve the fear hype agenda to increase surveillance and control over everyone and bail out the rich from their crooked corrupt behaviors.
"Going Direct" is the bailout plan designed by an Israeli company called BlackRock. The authors are currently employed at BlackRock, but used to central bankers at the Federal Reserve, the Bank of Canada, and Sweden's central bank, who have all hired BlackRock to implement parts of the plan.
BlackRock manages $7 trillion in stocks and bonds. The financial crisis from 2008 was never resolved. The companies that made bad decisions weren't allowed to fail. Instead, they were propped up and given money to survive and keep doing the same bad decisions going forward to create another financial crisis, or a revamp and continuation of the previous. It's been building up, and BlackRock designed the next bail out plan months before anyone heard of COVID-19 in August 2019 at the G7 summit of Jackson Hole, Wyoming. The Fed started to act on it one month later.
The solution to the economic "downturn" is to stimulate the economy, i.e. pump and print more money into existence. This isn't a solution. It's just an even greater transfer of wealth by bailout out the crooks by stealing money from you to pay for it. As Wall Street on Parade puts it:
[F]or the first time in history, the U.S. Congress handed over $454 billion of taxpayers’ money to the Fed, without any meaningful debate, to eat losses on toxic assets produced by the Wall Street banks it supervises. The Fed plans to leverage the $454 billion into a $4.54 trillion bailout plan, “going direct” with bailouts to the commercial paper market, money market funds, and a host of other markets.
The Fed has hired BlackRock to buy up bad debt and investments worth $750 billion. They are also taking $75 of the $454 billion that was supposed to circle back to tax payers, to instead bail themselves out of their corporate bond losses. They are put in charge of the bail out with American tax dollars, and get to buy their own crap with tax payers backing bailing them out. Totally legit, not criminal at all, because the biggest gangsters -- the government -- say its ok.
The central banks are also to buy stocks in order to prop up the illusory fantasy of a stock market to make it seems like everything is "great". But it's all a fraud.
This is what the "go direct" part of the bailout plan is all about, going direct to stimulate the economy by buying stocks and debt:
“Any additional measures to stimulate economic growth will have to go beyond the interest rate channel and ‘go direct’ – [with] a central bank crediting private or public sector accounts directly with money. One way or another, this will mean subsidizing spending – and such a measure would be fiscal rather than monetary by design. This can be done directly through fiscal policy or by expanding the monetary policy toolkit with an instrument that will be fiscal in nature, such as credit easing by way of buying equities. This implies that an effective stimulus would require coordination between monetary and fiscal policy –be it implicitly or explicitly.”
The result is the 10% of richest Americans owning 85% of stocks will profit. Debt is created, with tax payers to pay it off, in order to buy stocks in a crashing economy. This further increases the wealth gap between the rich and poor which is already at highest levels since the 1920s. Who cares if the stock market is doing so well, as Trump exclaims. That's only good for the richest who are being fed helicopter money by debt enslavement of the rest of us, many of whom have been forced out of jobs by government.
BlackRocks great plan is to enrich the rich on the backs of the poorer. The CARES act doesn't care about the rest of us. The government forced people out of work and didn't even give them the bail out money that comes from their taxes. Government is selling out the people, as usual. This is how government and corporations team up in a fascistic scheme to enslave everyone through debt. This is corrupted (fake) crony capitalism.
The federal reserve is no more federal then I am the Queen of Scotland. The federal reserve is actually a private bank. There is a passage in the bible that says render unto ceaser that which is ceasers. We do not need the fed or there reserve note. They need us more then we need them.
I believ this is what the blockchain is all about, taking back personal power.
Indeed it's a deception, but the US govt still goes to them for the whole scam rather than print it's own money at no interest. BLockchain does show promise for a better future.
The fraud begun in 2008... well, as far back as 1913 with the creation of the Fed, continues, and seems to have become as permanent as the red blood of the slaves paying for it.
Not sure it's gonna last much longer, with the government giving our very humanity the stink eye and proposing forced DNA modifying 'vaccines'. Once we're genetically modified, we won't be human beings anymore, and won't be liable for any debts.
Property can't owe.
This is no solace.
Thanks!
Yup, 1913 with Fed, before that for the dominator plan to rule over all. The new vaccine potential is alarming indeed. Probably more gradualism to actually use vaccines to do greater degrees of modifications. They have to pass it off as safe and secure as they can for now.
Thanks, this is a really important event taking place in the background of all this chaos. The pilfering of the US treasury, supported by both Dems/Repubs, by their corporate masters.
When I posted on the CARES Act being a free for all for corporations and about how BlackRock was hired to manage the allocation of stimulus, I had no idea at the time that the plan was drafted in August 2019! That's insane and at the same time very telling.
On other note, is that BlackRock is invested heavily in many of the corporations that will receive stimulus funds. They have the ability to simply allocate tax payer money to any of their investments.
It's a total farce.
These are the real LOOTERS of the US economy.
Yeah it's nuts. This is the real looting that the masses are too distracted from seeing. Oh look, covid, wear masks, stay home, stay safe... oh loo, protests, white people are the problem, the state isnt the problem, let's riot and steal shit because bleh, lets protest the wrong thing... and ignore the state and their looting of us tax slaves.
The whole BlackRock scheme shouldbe news everywhere. Just goes to show again that the news isn't giving people meaningful information to bring about real change in society and help people.
Wonderful work in tracking this out. It should be a post on the top of hives because people need to read it.
To add insult to injury recently Mnuchin was interviewed, I think this was yesterday, about the stimulus spending on small businesses and which businesses received assistance. Mnuchin was unwilling to disclose which business got loans on the basis that it was private information. Tax payers are on the hook for spending something they do not even know on what? This lock down has basically ruined a lot of small businesses and strengthen big box retailers. Biggest heist in history of the United States.
I follow stock markets daily and intently now since I work from home and have concluded that not only will markets manipulated but that any big fall in price was done so in order to steal from retail investors. Your post has motivated me on writing one related to why and how the markets are stealing from retail. Short summary here is that increase volatility has develop more interest for retail traders but most retail traders lack the cash to trade so they go into derivatives. Derivatives specifically call/put options. Our current market price movements are due a lot to the purchases and sales of these options. Options are cheap relative to actual stock shares but many of these options expire worthless.
The rich is taking all they can from the poor and are continuing to do so even right now. What we can do is avoid these pitfalls they have set and recreate a fair system for all. As a start we need to use are power to vote in the upcoming election and we need to start learning how to invest our 401k / IRA money.
Truth is many didn't, and instead it went to bigger enterprises as BlackRock saw fit to award money to (like if they were financially invested in them). It is the biggest heist ever. Derivatives are a huge scam, I think it's at 200 or 400 trillion in bogus crap now?
Outrageous that this is still happening. In a true economy, the companies who fail to succeed should not be receiving extra help in order to continue to perform poorly. I see this as a big web of power thirsty people who can't get enough money. Even if they would own the entire Planet, it would not be enough. Selling out people like governments do is just sad and plain offensive. Almost like cattles being taken to the slaughter house of poverty.
Yes, that's how a real free market should work, but government gets in the way. They need to own other planets, then the galaxy and universe itself. Then mission accomplished ;p
Sometimes I feel I want my own Planet too. With real genuine good people. I wonder what would be harder: to find a new Planet for life or to find good people. Debatable....
They patched the dam with bushels of fiat and ignored the systemic failures.
LOl well said.
Lol and the bailouts a start comin
$rewarding 100%
The deep state has many more bills just waiting for the right crisis. Sad but true.
As soon as the news sources started talking financial depression:
I knew the new word would be "Bailout"