Sunday, October 24, 2021

Hash-Tag US_BananaRepublic | GoldSeek

“Whenever you see that males get richer by graft and by pull than by work, and your legal guidelines don’t…

By Staff , in Gold , at October 23, 2021

“Whenever you see that males get richer by graft and by pull than by work, and your legal guidelines don’t defend you towards them, however defend them towards you–if you see corruption being rewarded and honesty turning into a self-sacrifice–chances are you’ll know that your society is doomed.”  – Francisco d’Aconia “Cash Speech” from “Atlas Shrugged”

The surest signal {that a} nation has change into a Banana Republic is the acute redistribution of wealth. The wealth skew between the higher 1% and the remaining began to speed up in 2008, when the Fed started to slowly hyperinflate the cash provide.  Mayer Rothschild famously proclaimed “give me management of a rustic’s cash provide and I care not who makes the foundations.”  That’s the proclamation not solely of somebody who understands and is aware of the best way to apply financial concept however of a misanthropic dictator attribute of the attributes of a Banana Republic.

America has change into the most important Banana Republic in historical past. Blatant, unabashed corruption and an unimaginable diploma of wealth redistribution effected by those that have management of the cash provide. Furthermore, those that had been elected or appointed to guard the general public from the greed and corruption of company America, particularly and particularly the Too Massive Too Fail Banks and the Navy Industrial Complicated, have been properly paid off to look the opposite method. That’s the definition of a Banana Republic. And this commentary will not be addressing the extremely problematic, but lined up, dealings of the present “President” and his son.

I convey this up as a result of Wall Avenue On Parade has offered extra proof that the U.S. has devolved right into a corrupt, self-dealing Banana Republic: “The Fed Is Subsidizing the Cash Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Massive A part of Jerome Powell’s Wealth:”

Final 12 months, throughout the monetary disaster, Fed Chairman Jerome Powell held 5 confidential cellphone calls with BlackRock’s Chairman and CEO Larry Fink. The primary name on March 19 lasted half-hour; there have been two calls in April, one on April 3 and one on April 9, each lasting quarter-hour. A cellphone name between Powell and Fink on Might 13 lasted half-hour; and one on November 20 lasted 10 minutes.

That’s a complete of 100 minutes that the Chairman of the central financial institution of america spent on the cellphone with the person who heads the corporate that can be managing a big portion of Powell’s wealth via its iShares Change Traded Funds. The dates and instances of the cellphone calls come from Powell’s publicly-released every day calendars.

Powell’s cellphone calls with Fink continued this 12 months. On February 5, Powell held a 30-minute cellphone name with Fink. On March 1 of this 12 months, there was a weird hour-long digital assembly between Fink and the Board of Governors of the Federal Reserve and Fed workers. (Powell’s every day calendars are solely at present out there via August of this 12 months.)

There may be the rising impression that Fink is functioning in a marketing consultant capability to the Federal Reserve whereas his firm, BlackRock, additionally manages a major a part of Powell’s wealth. See this report: BlackRock Authored the Bailout Plan Earlier than There Was a Disaster – Now It’s Been Employed by three Central Banks to Implement the Plan

However wait, there’s extra:

The Fed additionally gave BlackRock three no-bid contracts in 2020 to handle the Fed’s company bond shopping for packages. Below these contracts, BlackRock was allowed to purchase up its personal Change Traded Funds.

Now we’re studying from Crane Repo Information, {that a} massive chunk of the Fed’s overly-generous Reverse Repo operations have landed in BlackRock cash market funds. Crane Repo Information stories that as of September 30, BlackRock Liquid FedFund cash market held $84 billion of the Fed’s Reverse Repos whereas its BlackRock Liquid T-Fund held $65 billion.

That is now america.  A bastion of corruption and elitist self-dealing that alerts a  hyperbolic wealth-grab forward of an epic collapse. You may learn the remainder of the Martens’ report right here:  LINK



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