BF>> Well, not entirely true. The FED is buying stocks in major US
corporations
 BF>> that are going down.

 LL> The 1913 Federal Reserve Act (created the central bank) prohibits
 LL> it from buying stocks or corporate assets.

   And the Fed cares about legality shit how?

 LL> In March, the Fed set up the special purpose vehicle (SPV) to get
 LL> around the provision against buying corporate assets. This SPV is
 LL> funded by the US Treasury, and managed by BlackRock (BLK). This
 LL> is not quite the same thing as buying stocks, but the same basic
 LL> idea. Just on a smaller scale.

   Ah yes, that's how. Thank you Sir.

 LL> So do I. Now planning my next step. Becoming a published author.
 LL> Will you beat me to it? Better hurry, the window is closing fast.

   Nah, I'm one of the founding fathers of the original (i.e. Swedish) Pirate
Party. I'm not into that copyright shit business.

 BF>> I also know that there's a limit to how many trillions (US -- not
 BF>> metric) of dollars the FED can print and get away with it.

 LL> Not if the next step is going cashless. Which is becoming a very
 LL> real possibility, given the coronavirus pandemic.

   Yes of course, you are quite right. But all fiat money is still just
virtual, weather printed on (toilet?) paper or ending up as a number in a
computer data base.

 BF>> Hello! Do you think that we are stupid out here?

 LL> US President Donald J. Trump does.

    Sorry. I forgot about him. Easily done, no?

 BF>> Or maybe you know that we have a few Nobel Prise winners of our own?

 LL> Donald J. Trump would win the one for Economics for sure if the
 LL> Nobel Committee had any sense.

   I've always wondered how he reacted to the fact that Obama got the Peace
Prize -- considering his violent reaction to Greta Thunberg making it to the
front page of the Times.

 LL> The Fed does not have the legal authority to buy stocks (playing
 LL> in the stock market) due to provisions in the 1913 Federal Reserve
 LL> Act. But as I mentioned earlier, there are ways around that.

   Legal, schlegal. The Big Guys always find a way around such trivial shit.

 BF>> The Feds have done nothing but flooding US taxpayer's "money" (we'll talk
 BF>> more about that word later on in this channel) for more than 20 years!!!

 LL> Yeah, we know. We know. And nothing really changes. As if talking
 LL> about it would ever make a difference.

   Yeah. As if talking about it ever would... :(

 BF>> WOW!!! What *is* actually the average IQ of a US citizen?

 LL> Sorry. I can't count that low.

   LOL!

   I see that still some 45% of your people think that he's the perfect guy for
you. Incredible. He's done absolutely nothing right (because he's done nothing
at all but playing golf and tweeting) about anything during his entire time in
the WH.

   How in heavens name can anyone at all think that he's the best president for
the USA? A Putin loving, Kim Jong-un hugging traitor? Sigh, how blind can those
45% be...?




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