OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Ian Aftermath
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyToday at 5:59 pm by PurpleSkyz

» Tragedy: 20-Year-Old Med Student Dies from Heart Attack ONE DAY After Covid Vaccine
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyToday at 5:42 pm by PurpleSkyz

»  CBD oil 101: a user’s guide
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 9:19 am by PurpleSkyz

»  Scientists find 40,000-year-old star maps featuring ‘sophisticated knowledge of constellations’
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 9:12 am by PurpleSkyz

» Proof you can't fix stupid - Actress Suffers Facial Paralysis After Covid Jab – Says She’d Do It Again!
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 8:59 am by PurpleSkyz

» Tropical Storm Ian still pounding Florida in ‘500-year flooding event’; 2.6M without power: Live updates
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 8:48 am by PurpleSkyz

» Bad-clown Rising - Monkey House
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 12:38 am by PurpleSkyz

» Rapper Coolio Dies From Massive Heart Attack – Doctors Baffled ... of course they are
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 12:21 am by PurpleSkyz

» 1354 Athlete Cardiac Arrests Since COVID Vaccine
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 12:13 am by PurpleSkyz

» Another16-Year-Old Boy Gone After Taking Pfizer Jab
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 12:10 am by PurpleSkyz

» Forget the Blame Game, Nordstream Sabotage Is About the Great Reset & Nothing Else.
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 12:07 am by PurpleSkyz

» Exclusive: Medical examiners were told to lie on death certificates
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyYesterday at 12:03 am by PurpleSkyz

» CDC walks back COVID guidance again, finds lasting post-vaccine heart problems in young adults
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 10:28 am by PurpleSkyz

» Edward Snowden: America’s Open Wound. The CIA Is Not Your Friend
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 10:25 am by PurpleSkyz

» Who Blew-Up The Pipeline?…The Plot Thickens
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 10:18 am by PurpleSkyz

» Videos & Photos Document Destruction As Hurricane Ian Makes Florida Landfall
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 10:12 am by PurpleSkyz

» Europe is collapsing, and it’s just the first domino of many to fall
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 9:53 am by PurpleSkyz

» First Gardasil Wrongful Death Lawsuit Filed Alleging HPV Vaccine Caused 13-Year-Old’s Death
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 9:49 am by PurpleSkyz

» A Fateful Moment of History Is Upon Us
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 9:45 am by PurpleSkyz

» Dr. Reiner Fuellmich: (September 28, 2022) A Statement Regarding the Events of the Past Few Weeks
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 9:42 am by PurpleSkyz

» Oracle Films Documentary: Safe and Effective: A Second Opinion (2022)
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 9:40 am by PurpleSkyz

» 3-Year-Old Given 8% Chance to Live Overcomes Cancer with Cannabis
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF EmptyThu Sep 29, 2022 9:25 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GOVERNMENTS & THE NEW WORLD ORDER » 75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF

75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF FTA-BLUE-499px

75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF
Published: December 1, 2020



Tens of billions of dollars of CARES Act money has been put to very strange use by the US Treasury Secretary.

By Pam Martens and Russ Martens of Wall Street on Parade.

The CARES Act was signed into law on March 27. Congress earmarked $454 billion of that stimulus money to be distributed by the Treasury to the Federal Reserve to be used for emergency lending programs to save businesses and jobs during the pandemic and keep credit flowing to the U.S. economy. The catch was that the Treasury Secretary, Steve Mnuchin, would have to give his approval for each of the programs.
Since June, Wall Street On Parade has been reporting that $340 billion of the $454 billion that Mnuchin was instructed to turn over to the Fed was unaccounted for. We noted that 98,000 businesses had permanently closed in the U.S. while this money, intended for economic relief, went missing.
On November 19, Mnuchin publicly issued a letter to Fed Chair Jerome Powell, making it sound like most of the CARES Act money has been sitting idle at the Fed and Mnuchin was demanding it back to put to better use.
Adding to our conviction that Mnuchin was intentionally misleading the public, Bloomberg News published an article on Tuesday about the funds that Mnuchin planned to claw back from the Fed. The Bloomberg article carried this sentence: “The money in question includes $429 billion that Mnuchin is clawing back from the Fed — which backed some of the central bank’s emergency lending facilities…”
But for months now, the Federal Reserve’s weekly financial statements known as the H.4.1 have indicated that all the Fed received from Treasury for its emergency lending facilities was $114 billion, leaving $340 billion unaccounted for.
Wall Street On Parade has repeatedly asked the press office of the U.S. Treasury to explain this discrepancy. It has refused to answer our inquiries. We have repeatedly asked the Fed’s press office to explain this discrepancy and it has directed us to its official financial statements which show it has received just $114 billion from the Treasury for its emergency lending programs.
This morning, we located the missing funds on our own with no help from the Treasury’s press office that is paid by American taxpayers to keep the public informed. Tens of billions of dollars of CARES Act money has been put to very strange use by Mnuchin in a slush fund called the Exchange Stabilization Fund (ESF) which states that it gives the U.S. Treasury Secretary “considerable discretion in the use of ESF resources.”
We located the financial statements for the Exchange Stabilization Fund and they confirmed that all the Treasury has given the Fed for its emergency lending facilities was the same $114 billion that the Fed has been reporting on its financial statements…
Continue reading the article


https://www.blacklistednews.com/article/78668/75-of-the-454-billion-cares-act-money-never-went-to-the-fed-it-was-invested-by-a-mnuchin-slush-fund.html


Thanks to: https://www.blacklistednews.com



  

PurpleSkyz

PurpleSkyz
Admin

.



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum