Fed's 2020 Quantitative Easing Debunked by Sando Sasako Jakarta, 24 March 2020 06.09 Last update: 18 April 2020 13.16+07.00 In the old days, legal justice is preserved by and through the division of legal power. Legal power is separated into the legal making (legislative body, regulator), executive, and judiciary. Nevertheless, the trias politica concept of Montesquieu has developed into many branches. It evolves through the polarised views, interests, and purposes of both opponents and proponents, the rich and the poor. The concepts of legal and/or justice are vague. The preservation of any is political and subjective in nature. Democracies occur when the ruler (regime) and the ruled are equal, power-balanced and in the same page. Some society’s preservation can be based on the chosen social identity, interests, purposes on religious, ideological, political, economic, social, cultural matters. Democracy is doomed and ceases to exist when a country, a business, or the similar, is led by a small number of groups or people. The oligarchs usually implement cruel and nasty tenets such as fascism, absolutism, authoritarianism, despotism, terrorism, totalitarianism, autocracy, coercion, domination, high-handedness, imperiousness, monocracy, oppression, peremptoriness, reign of terror, severity, totality, unreasonableness. In short, opponents are not allowed to exist.
The $1,200 Hush Money against The Funneled $454b In the case of the Fed’s last quantitative easing policy, the Fed has become the judge, the jury, and the executioner. Subjective considerations are put on top. Deals behind the closed doors and behind the scenes are some things that must be kept from prying eyes. Yet, forensic audit of public records provided by the Fed can reveal what were the deals. The FOIA is the law that pushes the Fed to open and publish any financial records in regard to the monetary policies taken. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows FRB to conduct (secret) meetings without regard to the requirements of section 552b of title 5, United States Code, during the period beginning on the date of enactment of this Act and ending on the earlier of the termination of the national emergency status or by the end of 2020. It is in Sec. 4009 – Temporary Government in the Sunshine Act relief. The stimulus bill also relieves the Fed to provide lending and ESF limitless, allow credit losses and troubled debt restructurings, and most of all, unauditable or zero oversight. The undetailed $454b slush fund will be chanelled through SPVs making loans and loans guarantees. Cumbersome and overwhelming eligibility criteria is applicable for individuals to get $1,200 hush money and free $10k advances for small businesses (SMEs) of the total $3b budget. A $10m loan is forgivable for eligible SMEs to participate in Paycheck Protection Program (PPP) of a $400m plafond. The $454b funnelled by SPVs empowers the Fed to conceal its toxic assets by 10 times. The additional $4t lending power enables the Fed to keep its dark pools off its balance sheet. This Fed’s move was ridiculed by Pam and Russ Martens. Before the pandemic covid-19 matters, the Fed has dumped more than $9t cumulatively to prop up Wall Street’s trading houses since 17 September 2009. The sunshine law request is meant to keep the public in the dark, at least until the pandemic is declared over and/or by the end of 2020. Yet, doctored and falsified documents have become a habit to hide the scandalous real things. The explicit request was made by the Fed as it had learnt its lost in court against FOIA upon the first operation twist and 2 quantitative easing monetary policy up to December 2011.