Thread by @APhilosophae

Incoming thread: Blackrock, The Great Reset, Digital Currency

With the CARES Act, Congress asked the Federal Reserve to step in and directly support markets through expanding its balance sheet and buying bonds, ETFs, and mortgage backed securities
wsj.com/articles/the-f…

This essentially means the US Treasury and the Fed are acting as one and the same--1) Congress passes spending, 2) Treasury funds the spending by issuing bonds,

3) The Fed buys the bonds--giving Congress what amounts to an infinite money cheat code. And they are using it to buy everything.

The Fed has chosen Blackrock to purchase and manage assets on their behalf.
wsj.com/articles/feder…

The Fed purchases $40B per month in mortgage backed securities and $120B per month in bonds. They have also purchased at least $14B in ETFs
barrons.com/articles/feder…

Remember this when talking heads on TV mention inflation, because it is your own government that is causing this inflation.

Interestingly enough, in 2019 Robbie Mitchnick who had been working for Ripple went to work for Blackrock as head of their digital assets team. In an interview, when discussing tokenization of assets on blockchain,...

he says, "Well real estate, you’re right, is one that people spend a lot of time on from a tokenization standpoint.

And the promise is really, if you can migrate the entirety of that asset onto a blockchain and enable certain of the administrative components of it to be done automatically, then that is actually a really powerful proposition in terms of liquidity,

terms of enabling access to more investors, in terms of being globally interoperable and in terms of just the ease of doing things like dividing, like being able to own a tiny sliver of a commercial property or residential housing unit"

blackrock.com/americas-offsh…

It appears that Congress, through the Treasury, is having the Fed buy up assets and park them with Blackrock where former Ripple employees are talking about tokenizing the exact same assets on blockchain.

In the coming Great Reset, the state will nationalize the banking sector and land/property. Mortgages will exist as assets on the blockchain and can be fractionalized. The government will use those assets to back their digital currency.

The state, through nationalized financial institutions, will sell fractional shares of property mortgages, but never give over majority ownership--meaning the most you can hope to own of your home is a 49% share.

You would pay rent on the mortgage and shareholders will receive their share of the rent payment in dividends.

You could always own shares in other properties to make it so you live rent free through dividends from owned mortgage shares, but you will never outright own any property

You'll own nothing, and you'll be happy.