Purchase of corporate bonds and ETFs: the US Federal Reserve. USA Continue to save "Too big to fail"

Heaven32 May 12, 2020 Comments

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The Federal Reserve of the EE. USA It continued its monetary easing and funding programs for various private banks during the Covid-19 outbreak. On Monday evening, the Federal Reserve announced that it would buy corporate bonds and exchange-traded funds using the entity's secondary market business credit facility (SMCCF). In addition, Wall Street on Parade financial analysts continued to expose the tactics of the Federal Reserve. Investigative reporters say the American public needs to know: "(The Fed must be) stripped of its ability to bail out commercial businesses on Wall Street".

The Fed and Blackrock have no control and do only what they want

The Federal Reserve is more powerful than ever. In the past two months, the US central bank. USA And many other foreign central banks have used Covid-19 as an excuse. The Fed has created billions for Wall Street and business leaders, while forever indebted American citizens. There is ample historical evidence showing that modern central banks have colluded since the early 1900s and devastated the U.S. economy in the 1920s, 1930s, 1980s and 2007-2010. In addition to the most recent economic disaster. Despite this story, the American public still does not know how criminal the Fed has become. Financial investigators Explain:

At this point, it must be clear to all committed Americans that the Fed must be deprived of its role in overseeing mega-banks on Wall Street; that he must be deprived of his ability to save commercial businesses on Wall Street.

Despite the fact that numerous reports, including a large number of editorials and research on news.Bitcoin.com, show that the Fed is not acting in the best interest of the people, the average citizen does not know not what to do about it.

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The chart to the right shows "the growth of the Federal Reserve's central bank liquidity currency swaps relative to the Dow Jones industry average." Photo credit: FRED and Wall Street on Parade.

Adding insult to injury, after creating $ 6.6 billion before the first death of Covid-19 in the United States, $ 2 billion for the CARES Act and the Treasury borrowing $ 3 billion, the Fed Now plans to buy corporate bonds and exchange traded funds from your callejeros Muro Amigos. Monday night, May 11, the New York Fed wrote

As specified in the condition sheet, the SMCCF can purchase ETFs listed in the United States. USA Whose investment objective is to provide broad exposure to the US corporate bond market. USA The ETFs will be mainly ETFs whose main investment objective is exposure to investment grade American corporate bonds. And the rest will be in ETFs whose main investment objective is exposure to US high-yield corporate bonds. USA

"The Bailout Boy's Club" Buy corporate bonds and ETFs

The two Wall Street on Parade columnists explain that the US central bank. USA You allow financial headlines to go crazy, even if they commit fraudulent acts. "Last year, the United States Department of Justice criminally accused several JPMorgan Chase dealers from transforming the bank's precious metals office into an organized crime enterprise," said the Martens. “They were charged under the RICO law, which is generally reserved for charging members of organized crime. Bloomberg News has since reported that the bank itself was the subject of a criminal investigation into this matter. Despite this scandalous story, the Fed allowed Dimon to remain head of the bank and also allowed the bank to open more bank branches and increase its assets, "added the columnists.

To make matters worse, Blackrock administers the new program that allows SMCCF to buy corporate bonds and ETFs. Businesses are already lining up to get money, like drug addicts like Paypal, food company Mondelez and tobacco company Altria, all of them are issuing bonds. Nationalization and cronyism between the Federal Reserve, American banks, American corporations and politicians are worrying private investors.

"We are now government-sponsored companies," said Scott Minerd of Guggenheim Investments on Tuesday. "At the margin, some impaired loans will not only have a lower risk of default, but will also have a lower risk of downgrading and will pay lower interest rates," added Minerd.

Economists believe the Fed will soon bring benchmark interest rates below zero

Many ardent defenders of money and Bitcoin supporters create the The Fed should be abolished, And a large number of people think that cryptocurrencies can disrupt the modern central bank. Unfortunately, American citizens and even citizens of the world believe that central banks play an important role. The first central bank started in Spain in 1401. Years later, after the creation of the Swedish Riksbank and 1844 with the Bank Statute Law, central banks devastated the world economy by producing endless "explosives and explosives". The Fed's job is supposed to keep prices stable and try to keep unemployment low at all costs, but the entity has failed miserably. They're also supposed to make sure the country's banking system is strong, but instead, they bailed out "too big to fail" every time.

Finally, the Fed is also supposed to stabilize the economy in the event of a crisis and so far, even with all the financial bazookas, they also fail for this purpose. In contrast, the mathematical and likely Satoshi Nakamoto system created it lowered its annual inflation rate from 3.6% to 1.8% after the third half. Even though the Fed has created billions of dollars for its friends, many believe it will soon push benchmark interest rates below zero. Meanwhile, while Jamie Dimon and the rest of Wall Street leaders are happy like pigs in a neglected house, the American public is facing one of the worst economic situations since the Great Depression.

What do you think of the Fed's purchase of corporate bonds and ETFs? Let us know in the comments below.

Image credits: Shutterstock, Pixabay, Wiki Commons

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