Hey yo, what is going on viewers of the tuuuuuubbbbeeeer.
I would like to first introduce myself as Tyler, the host of the channel that can figure
out a crypto projects dirty laundry, as good as Anthony Anderson figuring out the truth
about Stevie Wonder.
What Stevie aint blind?......
No, No he is not, you know our Gimmick.
It’s time for Chico Crypto!
A gimmick, a fugazi, a hustle in bustle.
That is what we need to dive into today, as the american public is being played for a
fool, with a large majority of the public supporting it & those that oppose it have
their hands tied behind their back with nothing they can do.
I’m talking about the 2 trillion dollar stimulus, which if you watched my video yesterday,
you understand it in actuality is a 6 trillion dollar stimulus.
Of that 6 trillion, 66.6 percent goes to the banks, 8.3percent goes to corporations, 5.8
percent goes to medium to small sized businesses, 4.2 percent to citizens as direct payments,
4.2 percent to unemployment insurance, 2.5 percent to state and local governments, and
the ones that need it the most, the hospitals….they just get about 2.2 percent of the total 6
trillion.
This Stimulus package is the nail in the coffin….it is everything that is wrong with this country,
wrapped up into an 857 page document.
Shoot the purpose of the bill: Providing emergency assistance and health care response for individuals,
families and businesses affected by the 2020 coronavirus pandemic….well according
to where the money is going, this bill’s purpose should read like this, providing not
needed assistance to corporations, while providing barely any assistance to families and individuals.
It’s a stimulus Bill for corporations my friends, which is only going to widen the
income gap even further, and at an increasingly rapid pace.
This “direct” cash stimulus is going to cost about 18 thousand dollars per US tax
paying citizen.
So what the government is doing right now, is taking 18 thousand dollars of your future
money, giving corpoarations 16,800 dollars of it, and then hoping you're satisfied with
a 1200 dollar check, that was your tax money anyway.
Our government is robbing us soooo blind in front of our faces, that even Stevie Wonder
could see it.
But, the fact of the matter is, many people can’t see it.
I know we will have some People argue that these corporate bailouts are a good thing,
so they don't have to do mass-layoffs, and set back the economy for many more years,
resulting in increased unemployment, and less revenue for social services
DurHURRRRRR.
You think, these large corporations employ America anymore?
No they don’t….they have been outsourcing their work, to other parts of the globe, and
will continue into the future.
This infographic tells it like it is, regarding manufacturing in the US.
Since 2010, over 50k manufacturing facilities have left the USA, which means 6 million of
those jobs gone…..and this was all while the largest non financial US corporations
sat on 1 trillion dollars in cash, and not using it to create jobs here in America.
And if the job needs to be in America, corporations are findy sneaky ways to hire foreigners and
pay them less, like through the H1B Visa program, of which many fortune 500 corporations have
been taking full advantage of for the past decade…..
So if you think, they are going to invest in America, when they haven’t been for the
last decade, you have to be kidding yourself.
So let’s dive into what the corporations are getting, because in actuality it’s just
an accounting gimmick.
In the stimulus bill, page 513, it says: “Not more than the sum of 454 billion dollars and
any amounts available under paragraphs 1,2 and 3 that are not used under those paragraphs
shall be available to make loans and loan guarantees to, and other investments in, programs
or facilities established by the Board of Governors of the Federal Reserve System for
the purpose of providing liquidity to the financial system that supports lending to
eligible businesses, states, or municipalities by A) purchasing obligations or other interests
directly from issuers B)
purchasing obligations or other interest in the secondary market and C) making loans,
including loans or other advances secured by collateral.
But we now need to hear what white house Economic Advisor, Larry Kudlow had to say about the
Stimulus package…..yup single largest bailout, in Mainstreet aka Wall St. History, he is
freaking admitting
it live.
Let’s Continue…..yes here is where things get interesting, he admits its 6 trillion
dollars in actuality, highlights again the largest Main Street bailout, and he specifically
brings up the replenishment of the Treasury Exchange Stabilization Fund.
So the average person is going to have no idea what Larry is talking about, but we here
at Chico are not average.
This is exactly what is going on...The first thing to understand is that we are the only
“democracy” in the world that has turned the actual creation of unlimited amounts of
our money over to a private entity owned by mega Wall Street banks.
We’re talking about the New York Fed.
So the U.S.
The Treasury, led by Steve Mnuchin Snoochie Boochies is going to take $500 billion of
taxpayers’ money and dump that money into their Exchange Stabilization Fund, hand it
over to the Federal Reserve, and get $4 trillion dollars in bailout via the FED.
How is the FED funding this?
By Selling government backed treasuries, 10 year, 20 year & 30 year.
But guess who pays the interest on those treasuries?
The TAXPAYER DOES over that time period.
And this means things get really sticky, soon, but before that muck, it’s time for a sponsored
segment of this video, being supported by Verasity, and like always the full details
of our agreement can be found in the description.
So Verasity?
What are they all about?
Well this project is focused on attention, and tokenizing that time spent on video platforms,
entertainment platforms, and gaming platforms.
Basically verasity has built the infrastructure for publishers to serve attention rewarded
video and gaming content to the billions of people who inhabit the internet.
So what does that consist of?
Well just 2 days ago, Verasity showed the world with the launch of Verasity.tv, the
Destination Portal for access to all Verasity Products.
The first thing we need to check out is watch & earn, as you can earn VRA tokens, for watching
videos.
As of right now, they have close to 500 rewarded videos, and clicking into one, you singup
to be rewarded by the trophy icon in the top right of the video player, click it, short
signup and confirmation & your ready to be rewarded.
Once you finish a video, the trophy icon lights up to let you know, you have a reward.
And as we can see we just earned some VRA tokens for our time.
Now you are not limited into verasity.tv to earn these rewards, these videos are on outside
sites of publishers, like some of their early ones: technews.guru, healthandstyle.org, and
seriouslynom.org for examples.
This is possible, because they have built the SDKs for some of the world's most popular
video players, including youtube, vimeo, twitch & more.
So it's highly possible this video on youtube could have that trophy widget in the near
future.
But video is just one piece of attention rewards they are going after, remember I said video
games?
Well phase one has launched with the release of the game store.
So in January of this year, they announced the launch and partnership with over 550 game
publishers and integrating Verasity tokens into their games.
Well those publishers are live & right now you can play hundreds of their casual games.
Play as a single-player, try a PVP game or even create your own tournaments and challenge
your friends worldwide with Verasity tokens as the base and with Phase 2 you will earn
and win VRA from playing and winning Tournaments and other gaming related activities.
All of this get’s wrapped into the fully live VERAwallet, where you are able to stake,
buy more with a fiat gateway, and even spend through some of their retail partners.
Is this just the beginning for Verasity?
The real question is did it just grab your attention?
Now back to the craziness, they call finance 1.0, the FED, the stock market and more.
So us citizens, the taxpayers, aka debt slaves, are going to be footing this bill.
And it is through collusion, of the Trump administration, bipartisan congress, the treasury
led by Mnuchie, and the NEW York FED by the creation of new SPVs or special purpose vehicles.
So how did we get SPVs and what are they
Well the FED before the 1st financial crisis, only had the power, through law, to bail out
through the purchase of assets directly.
This was limited to Treasury securities, agency debt, and residential mortage backed sercurities
through Ginnie Mae a US government agency and the GSEs, Freddie Mac and Fannie Mae.
Although on March 23rd, the FED changed this, and added commercial mortgage backed securities
to the list….
But back in 2008, the FED made other big changes, they needed to buy assets like corporate debt.
So the Fed announced that same day, the 23rd it will revive the Commercial Paper Funding
Facility, a program first introduced during the financial crisis, to maintain the flow
of short-term debt that companies frequently use to fund everyday expenses such as rent
and payroll.
This Commercial Paper Funding Facility is an SPV, or a Special Purpose Vehicle, which
was created so the FED can purchase assets, they are not allowed to and they can LEND
to corporations, they were not allowed to.
It’s a loophole, bullcrap is what it is.
ANd guess what?
Under the Federal Reserve Act, these SPVs require taxpayer backing from the Treasury
Department to protect the Fed from losses.
FED SPVs are nasty things...all it does is fatten the issuers pockets, by transferring
most losses of the junk collateral loans onto the investors.
Junk collateral?
Yes we need to get into the last new rule put out on March 23rd.
Now the Fed can lend to its 24 Primary Dealers which includes great names like BOA, BNP paribas,
Barclays, Creditte Suisse, Deutse Bank, JP Morgan, Goldman Socks, and more…...and now
they lend against collateral, and that collateral can be anything the Fed decides, including
now stocks – and in the end maybe old rusty bicycles in the boomers garage?
Junk Junk Junk
But we need to get into the newly created SPVs announced a that same fateful day, March
23rd From their annoucement.
Establishment of two facilities to support credit to large employers – the Primary
Market Corporate Credit Facility (PMCCF) for new bond and loan issuance and the Secondary
Market Corporate Credit Facility (SMCCF) to provide liquidity for outstanding corporate
bonds.
These are the scary ones
As To understand what the Treasury and Fed now have in mind, you have to know what the
Fed did the last time around.
In order to bail out the giant investment bannk Bear Stearns and the giant insurer,
AIG, the New York Fed set up more opaque SPVs in 2008 called Maiden Lane I, Maiden Lane
II and Maiden Lane III as seen from their financials in 2012.
Maiden Lane I purchased approximately $30 billion of Bear Stearns’s toxic mortgage-related
assets.
Maiden Lane II purchased billions of dollars of residential mortgage-backed securities
from the lending portfolio of AIG subsidiaries.
Maiden Lane III purchased collateralized debt obligations on which AIG Financial Products
had written credit default swaps.
All three of these programs were actually bailouts of Wall Street’s mega banks.
Over $93 billion of the money that went in the front door of AIG ended up going out AIG’s
back door to pay off the Wall Street banks that would have had to report tens of billions
of dollars in losses had the Fed not paid 100 cents on the dollar for AIG’s debts
to the banks.
And with the creation of these corporate bailout on steroids SPVs the Treasury has already
committed to become a 10 percent equity holder in these things created by the FED.
If this legislation passes as drafted, which it looks like it will.
U.S. Treasury Secretary Steve Mnuchin will gain enormous powers.
Is he someone whom the American people can trust?
You know how we end It.
Oh hell no.
Cheers viewers I’ll see you next time!