from Humans Are Free:
One of the Top 4 Biggest Companies in the World, BlackRock, Just Took Over the US Treasury and Federal Reserve
From the FTN Website:
In less than a week the Federal Reserve has been merged with the U.S. Treasury (implying it wasn’t always that way) and BlackRock, the world’s largest and most powerful financial services institution, has been put in charge of executing future acquisitions and trades.
Who is BlackRock? What do they own? And perhaps more importantly, what and who do they control? Jazz and James dive into BlackRock and uncover a significant portion of the apparatus by which U.S. politics are controlled and manipulated.
You can read more about BlackRock and the other 3 mega corporations here: The Very Top Of The Pyramid: Just 4 Companies Control The World, Yet You’ve Probably Never Heard Of Them
Transcript follows below.
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Some of their episodes are free to the public, while others are behind a $10 monthly paywall, probably the best value in American journalism today because you get access to several excellent shows for that price. We highly recommend Eric Striker’s, (editor of the excellent National Justice website), and Mike Enoch’s ‘Strike and Mike‘ (1X per week) which are also more hard news focused. The Daily Shoah with Mike Enoch, Jesse Dunstan, and Alex McNabb, (3X per week), which is a less formal, Joe Rogan style radio talk show, is also excellent.
Transcript: the following is machine transcribed. There may be some errors.
[00:00:08] This nationalizing a large swath of the financial markets. Now we’ve talked about the financialization of the country that started really in the 1970s. With things occurring before the 1970s. But the actual financialization of the economy in 1970s really took off under Ronald Reagan. We did the Reaganomics demographic deep dive. Sorry, Reaganomics, demographic, death spiral, deep dive that we did over Labor Day in twenty nineteen. Very good podcast that we did on that detailing that it was took off under Reagan, took off in two fold under Clinton and has continued and they have used these various recessions.
[00:00:55] The last one was the 2008 financial crisis and this is the latest one actually they had the longest run, longest bull market run in a long time and it’s only a matter of time the economy had to be reset and that’s what they’re doing with this right now. We’ve talked a lot about this being a restructuring, but this is formalizing this in a way that has never been done before. Now, the big headline that people are getting hung up on is the merger of the Federal Reserve and the Treasury into one organization, implying that they were separate independent organizations at any point ever.
[00:01:28] That’s not actually the real story. We’ll talk about what they’re actually doing, because what they are doing is they’re sort of just admitting that it’s not it’s not that anymore. Like before they would at least put up the pretense that they are separate organizations and they’re independent and yadda, yadda, yadda. Now they’re sort of dispensing with all of that. But the bigger news is that BlackRock’s involvement. So let me walk through this here. So the you this this fits in with our narrative. Lots of confirmation bias. In the past few weeks, you’ve seen the Federal Reserve cutting rates by 150 basis points to near zero. And they have run through virtually the entire handbook for the 2008 crisis. They’ve done one rate cut after another, followed by an emergency rate cut. They added a million sorry, they added a trillion dollars a day in repo injections. They used emergency powers to create this commercial paper facility for pumping overnight liquidity into the market, literally making the money printer.
[00:02:32] Yeah, it is. That’s exactly what it is. It’s literally a facility for Birx restart quantitative easing. Then they changed it to unlimited quantitative easing, which is just fancy speak for Birx agreed to purchase unlimited bonds for the first time ever agree to loan directly to corporations, which is something they’ve never done before then. Originally the stimulus was supposed to be a trillion. Then it became two trillion. Then it became six trillion. And so they’ve also added six hundred twenty five billion dollars worth of bond buying a week going forward.
[00:03:06] So if this continues implying that the Fed and the Treasury are two separate entities, the Fed is going to own two thirds of all of the T-bills in the market in less than a year. So it’s I mean, this merger of the two is becoming formalized. They’ve brought back a lot of these acronyms that they had in the 2008 crisis, which were on a much smaller scale. And at that time, you had Bush 43 and Obama had handed over a lot of the control of these programs to Ben Bernanke. But this is all being run by Steve Manoogian now, who is the treasury secretary. And so you have the commercial paper funding facility, CPF F, which is going to be buying commercial paper from the issuer. You have the PMI, CCF, which is the primary market corporate credit facility, which is buying corporate bonds from the issuer.
[00:04:00] You have τα, which is the term Asset Backed Securities Loan Facility, which is a funding backstop for asset backed securities. You have S M CCF, the secondary market corporate kett Creek. You’ve got to have a backup, right? You have the primary market, a corporate credit facility, and then you have a secondary market, corporate credit facility.
[00:04:20] So they’re gonna be buying corporate bonds and bond ETF in a secondary market. And then you have the M SB LP, Ms. Lope Main Street Business Lending Program, details to come. We don’t have a lot of details about how Main Street is going to be helped out on this. But these are all organizations that were stood up back then. And so they learned a lot from then and they have realized that they need all of these sort of formalized in a way that can be controlled directly by the Treasury. Right.
[00:04:51] They don’t have to pretend that the Fed is operating independently and loaning money to Detroit. I mean, it just doesn’t it’s the whole thing is just like. All right. Let’s just drop this whole charade that we’ve been doing. Right. I mean, this is and as we pointed out, that. Emptied all of these things when I read through the list of all the rate cuts in repo injections and quantitative easing. Line kept going down line. Loved the six trillion dollar stimulus until Frady and then the line headed for the hills again, nine hundred point drop. So I don’t know what it’s going to be doing next week. It’s going to be very volatile.