The IRS and the Feds have gone together to create several Special Purpose Vehicles (SPVs). You can think of these as little stand-alone organizations. They are being used to implement several new “emergency” Federal Reserve operations, where the IRS is involved to make it legal. The other 98% of the Federal Reserve (everything they do now) is unchanged, operating exactly as before. Same with the IRS, they are unchanged. But there are a couple of new SPVs that both the Feds and the IRS will participate in. That’s the only thing that has changed.
Ok but if the Fed and the IRS have bought into these stand-alone organizations that would mean there’s a blurring of the lines and an obvious partnership now between the two. That would allow one to influence the other and vice versa. Should one have more stock invested into the organization they could boss around the other, no?
It shouldn’t. The SPVs are managed by Blackrock. The Fed and the IRS will have no need to work directly together, even in the SPV. Blackrock does all the coordination.
Your argument seems rational, and I by no means trust everything I read anymore, but I wonder why the jump was made to “DJT” chairmen of the Fed was made or where that connection took place. You suppose nothing more than clickbait?
The author appears to be arguing (speciously) that DJT could sort of “commandeer” these SPVs to do his own bidding. But that’s not how it works. That’s why Blackrock is there, to ensure each entity stays within its lanes. And there are predefined rules that ensure one side can’t just “take over” the SPV. Think of it like a trust, with Blackrock as the trustee.
The Fed actually gained power in this bill. They've been given $454,000,000,000 to distribute to Wallstreet as they see fit. Also, they were formerly subject to sunshine laws. This bill gives them the authority to operate in total secrecy..
Nope. No he is not.
Ok I’m willing to be told I’m wrong, that’s why I put a question mark in the title. What do you understand that I don’t?
The IRS and the Feds have gone together to create several Special Purpose Vehicles (SPVs). You can think of these as little stand-alone organizations. They are being used to implement several new “emergency” Federal Reserve operations, where the IRS is involved to make it legal. The other 98% of the Federal Reserve (everything they do now) is unchanged, operating exactly as before. Same with the IRS, they are unchanged. But there are a couple of new SPVs that both the Feds and the IRS will participate in. That’s the only thing that has changed.
Ok but if the Fed and the IRS have bought into these stand-alone organizations that would mean there’s a blurring of the lines and an obvious partnership now between the two. That would allow one to influence the other and vice versa. Should one have more stock invested into the organization they could boss around the other, no?
It shouldn’t. The SPVs are managed by Blackrock. The Fed and the IRS will have no need to work directly together, even in the SPV. Blackrock does all the coordination.
Your argument seems rational, and I by no means trust everything I read anymore, but I wonder why the jump was made to “DJT” chairmen of the Fed was made or where that connection took place. You suppose nothing more than clickbait?
The author appears to be arguing (speciously) that DJT could sort of “commandeer” these SPVs to do his own bidding. But that’s not how it works. That’s why Blackrock is there, to ensure each entity stays within its lanes. And there are predefined rules that ensure one side can’t just “take over” the SPV. Think of it like a trust, with Blackrock as the trustee.
Well if it helps do nothing more than put some restraints on the Fed I’ll be happy
The Fed actually gained power in this bill. They've been given $454,000,000,000 to distribute to Wallstreet as they see fit. Also, they were formerly subject to sunshine laws. This bill gives them the authority to operate in total secrecy..