"The U.S. Treasury and the #FederalReserve are separate entities. The #Treasury manages all of the money coming into the govt and paid out by it. The Fed's primary responsibility is to keep the economy stable by managing the supply of money in circulation."
This makes sense. The rest of the article, explaining how the Fed does other stuff too, confuses me. The Treasury should do all that. The Fed's primary responsibility should be its only responsibility. #uspol
The #UnitedStates will impose sanctions on Iran’s missile & drone program, as well as entities supporting the Iranian regime or military, #NationalSecurity adviser Jake Sullivan announced late Tues.
Earlier in the day, #Treasury Secretary Janet Yellen said additional sanctions on Iran would be forthcoming in retaliation for its attack against Israel over the weekend.
“#Treasury will not hesitate to work w/our allies to use our #sanctions authority to continue disrupting the Iranian regime’s malign & destabilizing activity,” she said.
Experts, however, say the #UnitedStates faces limited meaningful options for doing so w/o antagonizing #China or risking a spike in the price of oil.
Yes, the company went public. No, it is not a financial success—or even a lifeboat.
Debuting on the charts w/a “DJT” ticker, #TrumpMedia saw a 55% surge in valuation right after markets opened.
Huge influx of cash, right? w/Trump holding ~79M shares, equating to 58% of available stock, the #SPAC debut balloons his #NetWorth by nearly $5B; there were ~136M shares outstanding post-merger.
You may be wondering just whence that staggering #valuation arises,then. There are a couple factors at play—namely, rich friends & retail-level suckers.
…As a #ShellCompany established w/the express purpose of gathering #investments & absorbing them into the minimally operational #TrumpMedia, #DWAC curried investments from all manner of private institutions,most significantly #SIG… meaning #JeffYass, the #Republican#megadonor who’s been floated as potential #treasury sec if #Trump is reelected.
Social media platform is like phantom stocks. They appear substantial, but their value is elusive.
How Phantom Stock Works:
Phantom shares mimic real stock value.
Pump & Dump Scheme: A fraudulent practice where individuals artificially inflate the price of a stock (or in this case, social media company) to attract unsuspecting or criminal/dark money investors who “pump” stock prices, the inflated worth is illusory.
Money Laundering: Trump concealing the origins of illicitly obtained funds by passing them through a complex sequence of banking transfers or commercial transactions.
Truth Social is a failed social media platform, that will merge with a publicly traded SHELL company. Financial Performance: Since its 2021 launch, Truth Social generated sales of less than $5 million. However, Trump’s supporters rallied to boost shares in the shell company, Digital World Acquisition Corp. Its a money laundering scheme.
Truth Social/ DJT’ stock has all the earmarks of a pump and dump scheme and a stock swindle where the only people who will benefit in the long run will be insiders. Ie: Donald Trump and his cronies.
The financials of Truth Social are horrible. It is losing $5 million plus each quarter on revenue of less than $1 million a quarter.Truth Social is essentially a MAGA message board.
So why are people driving the stock price up? To be able to funnel dark and foreign money to Trump to use in his campaign without having to disclose the source of the investors. Campaign contributions have to be disclosed to the #FEC, but that can be avoided by buying Truth Social stock.
The stock is pumped up and Trump cashes in his shares. The SEC should take a very close look at this Trump pump and dump scheme.
"Let us be very clear: according to industry experts, any cosigner for this loan would need to have a net worth of between $75 and $100 billion.
Not $75 and $100 million. $75 and $100 billion.
There are five or six Americans who meet that standard. Donald Trump himself has a negative net worth.
So the idea that any amount of money Trump gets from Truth Social would be enough to both purchase the bond and put up sufficient collateral for it is literal nonsense. A fantasy.
WHAT corrupt businessperson—and will it be a foreign national?—buys $3 billion of worthless meme stock from Trump as part of an obvious fire sale. And how much of a discount does the buyer seek?
If Trump were willing to accept $500 million for meme stock allegedly worth $3 billion, he could get away with it, I’m sure. But he will insist on full face value by stock price.
But if some dodgy figure pays him billions for obviously worthless paper assets"
Manafort is a convicted felon. It’s not just that he’s a Kremlin agent who was paid $10 million/year by Oleg Derispaska starting in 2006 to advance Putin’s interests in the United States. It’s not just that he knowingly colluded with the Kremlin in 2016 bypassing proprietary data to Russian intelligence in mid-campaign.
Rapist Donald to Rehire Confessed Money Launderer Who Conspired with his Business Partner, a Russian spy, wanted by the FBI.
WaPo reported the criminal defendant Donald has hired the convicted felon, national security threat Manafort as a campaign adviser. The rapist pardoned Manafort in 2020 after he was convicted in 2018 on Obstruction of justice, bank fraud & tax charges.
Reward: The #FBI is offering a #reward of up to $250,000 for information leading to the #arrest of Konstantin Kilimnik, a longtime Manafort business associate, a Russian intelligence agent.
Here's where Paul Manafort pled guilty to laundering millions to hide that his influence operations were paid by dirty fascist russian-backed oligarchs.
Remember, #US#Treasury calls Kilimnik -- Manafort's long-time business partner in fluffing Russian-backed oligarchs -- a known Russian Intelligence Services agent (and says he interfered in 2020 election as well as 2016 election).
And,
Here's where Manafort pled guilty to conspiring with Konstantin Kilimnik.
If Rachel Reeves is going to try & reform the Treasury then all well & good (the Treasury mindset has been a major impediment to progressive economic policy for decades)... but if she is merely going to strengthen it, then whatever her own views on how economic policy should be (re)formed, the forces of orthodox & conservative fiscal economics will ensure that the UK's chances for economic revival are stymied!
Wanted war criminal (& former bathroom robber) Putin secretly moved the yacht from Kaliningrad to #Lomonosov Russia near St. Petersburg to hide at least one of four mega yachts.
Oligarchs hide the billions stolen from russian citizens... in yachts, villas, and off shore banking.
Indications that the special facility for superyachts built at Lomonosov outside St Petersburg, Russia following the Ukraine Invasion.
Lomonosov provides a discrete home for luxury yachts hidden by the fascist war criminal. 🎯