Look What Happened When You Were Distracted With the Coronavirus Operation - "An Extremely Dangerous Company" - Danger Ahead

Ed.'s note: Here is another objective under cover of the coronavirus operation. Combine the Federal Reserve and the US Treasury as if they were separate entities to begin with. It's like the merger of crime syndicates. Give us the COVID-19 psyop while the financial structure reorganizes:

MIND GAMES: COVID-19 & COVID-19 PSYOPS – By Brett Wilcox

News update on 1 April 2020 concerning BlackRock bond bondage: The Situation Report

Related news update for 31 March 2020: Putchists in the Shadow of the Coronavirus
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Source: FTN

How BlackRock Leveraged Control of the U.S. Economy

March 29, 2020 | By Jazzhands McFeels

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.

Full episode: https://therightstuff.biz/2020/03/29/ftn-300-i-am-the-line-thy-god/
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Source: Russia Insider

March 30, 2020

About the FTN and TRS podcasts:

FTN and the other podcasts on the TRS podcast platform have become required listening for anyone serious about understanding American politics. In a highly professional and competent manner, they analyze topics, including Jewish influence, that others won't.

The FTN podcast in particular is hard news focused, delivering fresh dissident angles on current events that ruthlessly challenge the mainstream narrative.

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.

[00:02:31] Rigoberta?

[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.

Please go to Russia Insider to read the entire transcript.
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Source: Wall Street On Parade

Icahn Called BlackRock "An Extremely Dangerous Company"; the Fed Has Chosen It to Manage Its Corporate Bond Bailout Programs

By Pam Martens and Russ Martens: March 30, 2020 ~

Carl Icahn Created a Cartoon About BlackRock and Its Junk Bond ETFs Going Over a Cliff

In 2015, the legendary Wall Street investor, Carl Icahn, called BlackRock "an extremely dangerous company." (See video clip below.) Icahn was specifically talking about BlackRock’s packaging of junk bonds into Exchange Traded Funds (ETFs) and calling them "High Yield," which the average American doesn(t understand is a junk-rated bond. The ETFs trade during market hours on the New York Stock Exchange, giving them the aura of liquidity when one needs it. Icahn said: "I used to laugh with some of these guys…I used to say, you know, the mafia has a better code of ethics than you guys. You know you're selling this crap." Icahn warned that "if and when there's a real problem in the economy, there's going to be a rush for the exits like in a movie theatre, and people want to sell those bonds, and think they can sell them, there is no market for them."

BlackRock not only sells junk-rated bond ETFs under the brand name iShares, but it has some of the largest investment grade corporate bond ETFs, including one that trades under the stock symbol LQD, which was experiencing serious losses and seeing major outflows of money until the Federal Reserve announced recently that it was creating three facilities to buy investment grade corporate debt from the primary and secondary markets, as well as investment grade corporate bond ETFs, along with agency commercial mortgage-backed securities.

And just who is going to be running these facilities for the Federal Reserve? None other than BlackRock – posing an enormous conflict of interest which was readily observable in the market as BlackRock's investment grade ETFs rallied dramatically on the news.

According to the "Terms of Assignment" the New York Fed released, BlackRock will be allowed to buy up its own corporate bond ETFs as well as those of its competitors. The only caveat in the contract is this concerning the Fed's Secondary Market Corporate Credit Facility (SMCCF):

"BlackRock will treat BlackRock-sponsored ETFs on the same neutral footing as third-party ETFs. All ETF transactions will be effected through intermediaries at market prices on a best execution basis, whether in the secondary market or via primary creations and redemptions. If the share of the SMCCF's holding of BlackRock-sponsored ETFs exceeds or is expected to exceed the then-current market share of BlackRock-sponsored ETFs in the corporate bond ETF market on average over a given calendar month, BlackRock will notify the New York Fed for review and consultation. The New York Fed may direct portfolio adjustments at any time."

This document labeled "Terms of Assignment" does not appear to be the full contract between the Fed and BlackRock for purchasing, selling and managing the Fed’s corporate bond portfolios.

Please go to Wall Street On Parade to read the entire article.
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