You finally coming around tried to tell you back in MAY 2021 about the Largest Players being the most criminal. For beginners the Fed is the unofficial ruler of the US as Presidents and Congress members are just puppet insider traders most become millionaires who go on to later become multi millionaires as lobbyists. Excellent to see you are finally capturing a picture of the LARGEST CRIMINAL CARTEL IN THE WORLD THE FED’s POWELL and BLACKCRACK’S FINK.
Powell is a member of that one percent class. According to his 2019 financial disclosure, his net worth could run as high as $55 million. Much of his investments are with Goldman Sachs (a Wall Street bank that is supervised by the Fed) or with BlackRock and its iShares Exchange Traded Funds (ETFs). The government mandated financial disclosures report investment values in a range. The upper value of Powell’s holdings with BlackRock is $11.6 million. The upper range of Powell’s holdings with Goldman Sachs is $16.55 million. The name Goldman Sachs has been shortened to “GS” in the disclosure document.
These would appear to be large conflicts of interest. BlackRock has been selected to manage the unprecedented buying of both investment grade and junk bonds on behalf of the Fed to the tune of approximately $750 billion according to the most recent term sheet from the Fed. Even more conflicted, the Fed will allow BlackRock to buy up its own sinking junk bond ETFs using taxpayer and Fed
Blackrock now the Fed’s pet project to buy stocks to lift the stock market as an on need basis.
(Source: Federal Reserve's website)
You can see that according to the Exhibit B, this is the power of attorney language for BlackRock to “manage, supervise, and direct the investments” for the Fed’s account. Clearly, the language in Exhibit B says, “transact in any and all stocks, bonds, cash held for investment and other assets.
As the US Dollar depreciates in value stocks keep on going up higher as an inflationary result. Fed Ponzi scheme to lift markets consists of eternally printing more money and there Ponzi operation can’t stop unless they plan to crash the markets back down 80% to real PE values
Blackrock buying stocks for the Fed says it all.
Lastly don’t forget Jerome Powell has a sizable investment in “Blacrack”. No conflict of interest there.
