How ong have I been harping on this?
Ths is a liquidity trndfer from the priovate sector to the primary dealers who then pass it down to the regulated banks and the regulated banks will either cover the government borrowing demands or pass the seigniorage tax down the line. In eiather case the result is the same, everly regressive tax, a massive transfer from poor people to the wealthy, all ofthis supported by Nancy and the progressives.
I am awaiting AOC, can she get a clue? Bernie and his financial adviser are simply fraudulent on the issue. Nancy will be offering AOC a goodie to go along. I suspect she does not have the capacity to understand her way through the fraud. She is almost as dumb as that retarded Arkansas senator.
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