‘Big Short’ investor Michael Burry called out the Fed for not shrinking its balance sheet enough in June — and compared its love of stimulus to a drug addiction

The US government does not have $9 trillion to buy what Powell bought with book-entry bogus credit [government money that was never in a government account ?] from private banks to save them [covert owners of the Fed ?] and is now claiming the Treasuries belong to an unidentified private party [if the gov owned them, how would Powell demand payment ?]. https://genzconservative.com/the-federal-reserve-for-dummies/

Powell has recently announced the Fed is going to “roll off” Fed assets which will retire them. The only way to retire national debt is to sell it to the government. The Fed can do this without even asking the government for the funds. The FRBNY, as fiscal agent for the government, has exclusive authority for disbursement of government funds from auctions of Treasury securities, and to any related operation they wish to claim. Ref. 31 USC 375.3. Administrative and regulatory supervision of the FRBNY franchise is vested in the FRBOG, Inc. Instruction by Powell to buy securities held by the BOG would be no big deal. If funds to redeem maturing securities in the market run short, well, times are tough all over. The Fed comes first. It just requires more deficit spending. It makes no difference that the assets were generated as a book-entry credit for the Fed. Such an easy way to crash the economy, bankrupt the Nation, and make it look like Congress did it.

The Fed created $16 Trillion in the QE1 and QE2 actions after 2007 with book-entry credit to save four Primary Dealer entities that are alleged shareholders of FRBOG, Inc. from bankruptcy from derivative gambling.1  
$16 Trillion was clear profit for the Fed that inflated value in circulation by purchasing Treasury securities and Mortgage Backed Securities from financial entities.  The government received no benefit or consideration from that action. That the PD’s may have sat on the credit rather than circulate it for several years only delayed the inflationary action. All profit of the Fed legally belongs to the government but the government received no benefit from this action.

Book entry QE1 and QE2 were clear profit for the Fed that inflated value in circulation.  It was as much a counterfeit operation as if I printed Bennies on my copy machine.    Now Powell is going to sell $9 trillion of these stolen assets on the Fed’s balance sheet to the government and call it ‘roll off’ ? We can be assured the value will be covertly transferred to the PD owners of the Fed. Ref.  

THIS IS OUR BANKING SYSTEM.

This claim by Powell should raise some eyebrows. If the Fed is operating as a government agency, the $16 trillion they created would be a government asset. If it was used to buy Treasury securities or MBS, those assets would be government assets. But Powell plans to sell the securities to the government. The MBS, apparently purchased by a private entity, have already disappeared. The statement is clear evidence Powell considers the securities and claims on real estate that were purchased to be private assets owned by a private [corporate] business possibly owned by PD shareholders. If the $16 trillion book-entry purchase is a valid exercise of the Fed, Congress should be able to instruct the Fed to create an additional $14, or $34, trillion book entry and negate the entire National Debt. Such a confiscation of wealth would not be casually accepted.

The tightening of money from retiring securities seems eerily similar to what the Fed did on 1929. Call loans were repeatedly demanded to be paid immediately which stopped construction and inventory expansion. The crash was instrumental in flushing gold from storage and did not stop until war was declared. When the Fed squeezes the economy, the affect is multiplied by the commercial banks.

An alternate rescue plan to rescue the Fed involves use of the Fed’s new Special Purpose Vehicles (SPV) program to sell securities to the Treasury Department (read Stephen Mnuchin of Goldman Sachs) to procrastinate bankruptcy of Wall Street banks. It will apparently additionally balloon the national debt but will be used to avoid bankruptcy of Wall Street banks and their cronies. 2 Blackrock, allegedly owned by insiders, is central to the scam. 3 Unrelenting access to government funds, while the tax base is destroyed by compelled national unemployment and corporate bankruptcies by a created virus 4, is a textbook recipe for insolvency.

If the scheme is not altered, Wall Street internal memos identify the “ultimate goal” is to collect on the $24 trillion National Debt.5 During national bankruptcy, the FRBNY will handle redemption of the PD’s tendered securities they have purchased in the market for pennies. They will demand face value from the U.S. Treasury; i.e., a financial rape of the nation. They are all one clan. Hello Greece and a U.S. troika controlled by financial entities.6
It appears as if Larry Kudlow, Director of the United States National Economic Council, has conceded control of the Treasury has passed to Wall Street to complete the coup.7

“and $17.5B Mortgage-Backed Securities” 😂

SHOULD be an example of an Oxymoron:

[ˌäksəˈmôrˌän]
NOUN
a figure of speech in which apparently contradictory terms appear in conjunction (e.g. faith unfaithful kept him falsely true).

As it relates to other posts…
It was Henry Ford who said in substance this: ‘It is perhaps well enough that the people of the nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning’.
Did Henry Ford predict revolution if people understood the banking …
https://skeptics.stackexchange.com/questions/18247/did-henry-ford-predict-revolution-if-people-understood-the-banking-and-monetary#:~:text=It%20was%20Henry%20Ford%20who%20said%20in%20substance,there%20would%20be%20a%20revolution%20before%20tomorrow%20morning%27.