Let's not get too over-hyped about the recent Q post. It's not quite as simple as some are making it ("taking over the Rothschilds"), but it could be the beginning of the end of central banking (AND the income tax!). Here's my take. Anyone who understands the system is welcome to add/dispute, but "it's the jooos" is not a valid debate. So, here goes ...

An SPV is a "Special Purpose Vehicle." It is some sort of legal entity (corporation, trust, LLC, etc.) that is used for a specific purpose. Nothing magical about it, just that it is a legal entity used for a special purpose.

The Federal Reserve can print money out of nothing, but what can it do with that money? It can buy US gov't guaranteed assets, such as treasury debt and mortgage-backed securities. Since the FR has never been audited (in any meaningful sense), it can also spend money however it wants, with no accountability. That is the REAL power of a central bank. Print money out of nothing, use that money to buy interest-bearing notes, and then spend the income from that interest however the hell you want -- all with no accountability. Imagine what you could buy with unlimited income! What does the FR do with its expenses? Who are the "contractors" that siphon off the money? We don't know, because it has NEVER been audited.

So, because the FR cannot buy corporate bonds, for example, there is a problem. This economy is on the brink of disaster, not because of a cold virus, but because of a deep state plot to wreck the economy by fear mongering and getting their idiot bureaucrats to (unconstitutionally) shut down businesses.

Let's take General Moters as an example. GM is cranking along, and then suddenly vehicle sales falls through the floor. What to do? Sure, maybe convert to other production, like face masks, but this is a car company, not a face mask company. With sales dropping massively, the stock price does, too. It already has, in anticipation. But something else also happens.

GM cannot pay its debt. It borrows on bank loans, but it also borrows through the corporate bond market. Say it issues $100 million in bonds, the company gets $100 million cash in exchange for paying annual interest payments (say, 6%) for some period of time (say, 20 years). It pays off the principal at the end of the 20 years, with cash or by issuing more bonds, or more stock, or borrowing on loans, or whatever.

But with the current shock to the economy, what if it can't pay the interest on the bonds? Bankruptcy is likely. Bonds only get wiped out in bankruptcy after all stockholders get wiped out first. This means 401k's, pension funds, and investors all over the world lose all their stock equity and maybe some or all of their corporate bond investments, too. Huge financial wipeout. And GM is only one company. Multiple by 1,000 for the overall picture.

So, the FR might want to buy corporate bonds to stabilize the situation, but it is not allowed to. This is the reason for the SPV's. The SPV is set up, the US Treasury owns the stock of the SPV, and the FR makes loans to the SPV by printing money.

Then, the SPV (managed by Black Rock) purchases corporate bonds from GM and other companies. This provides liquidity to the markets. Mom and Pop get cash for their potentially-worthless GM bonds. Their 401k gets cash, as does their pension funds. Soon, the SPV owns all the GM bonds. GM now has only one bond holder, the US Treasury's SPV. This makes it possible for GM to negotiate a deal where they can have a moritorium on bond interest payment for some period of time until things improve. This means their interest expense goes to $0, making it easier to survive the economic crash. This also helps keep stockholders more satisified that there won't be a bankruptcy to wipe them out.

On it's face, this move is to provide liquidity to the financial markets and calm things down. It also serves as a real tool to keep corporate America in position to survive the economic crash that has been engineered by the criminal cabal.

Is there more to it than that? Maybe.

While the SPV's are busy buying up non-US gov't assets, the FR itself is busy buying up US treasuries. What treasuries are they buying?

As the federal government goes into overdrive to dish out money to people and businesses who have been harmed by the criminal cabal's scheme, the FR is buying up that new debt. The US gov't borrows the money by issuing bonds, and the FR is buying those bonds. But the FR is now geared up to buy way more bonds than just this amount. The FR is buying at a massive pace. There is already more than $22 trillion in federal bond debt. The FR is buying $625 billion per week, or $2.5 trillion per month! Some of that is NEW debt because of all the massive new spending, but the rest is buying other US debt (if they keep up that buying pace).

Who exactly owns the federal debt? There are two types of federal debt: marketable securities and non-marketable securities. Non-marketable securities are just a paper game where the US gov't "borrows" from the left pocket to put into the right pocket. Back when Bill Clinton was president, they claimed they had a budget surplus. It was a lie. They had shifted debt between the Social Security "trust fund" and the regular budget. In reality, total debt increased during this time because they were using real borrowed funds to pretend it was revenue.

Anyway, these funds owed by the US gov't to the US gov't are "non-marketable securities." They are not traded on the markets, because they are just debt on the books (left pocket/right pocket). They are an accounting gimmick.

The marketable securities, however, are real debt. The US gov't has not had a real budget surplus in many decades. It constantly spends more than it takes in in revenue, and the difference is borrowed each year. That's why the national debt is over $22 trillion.

Currently, the marketable securities are about $17 trillion of the $22 trillion, and the other $6 trillion are these non-marketable securities.

What these SPV's might be is a one-two punch to take down the Federal Reserve, AND ... eliminate the income tax!

As the FR prints money to fund the SPV's, which buy up corporate bonds and other non-gov't assets, the FR is also printing money to buy up US treasury debt. At $2.5 trillion in purchases per month, if the FR is buying the real debt and not the fake debt, then they will own ALL of it in about 7 months -- right around the time of the election.

Of course, if they are also using that new money to buy up the new bonds being printed because of the stimulus bill, then it would take a little longer. If they are also using that same money to fund the SPV's, then it will take longer still. But sooner or later, the FR will end up owning ALL OF THE DEBT -- either directly, or by issuing loans to the SPV's.

You see? Instead of everybody else being in debt to the Federal Reserve, the Federal Reserve will be in debt to everyone else!

And then ...

Congress passes a law abolishing the Federal Reserve, and letting it die in bankruptcy court. In bankruptcy court, all of its transactions for the past however many years would be made available to the trustees (and ultimately the public) to learn what they have been doing with all that money all these years.

The US Treasury then takes over the printing presses, but backed by gold.

Over time, and without interest-bearing money, the federal government could get back to its constitutional limitations, and Congress could abolish the income tax. This would be such a mind-blowing phenomenon to the general public that they would have NO CHOICE but to wake up.

End the Fed.