Bank Stock Buyback-Fed Debacle 201221
December 21, 2020
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 12/22/20
The Federal Reserve Bank has just made another colossal mistake! I call it a Fed Debacle! The Fed has just foolishly approved the buyback of stock by banks when we are on the verge of massive bank failures because of U.S. Government corruption!
Is there anyone in Washington that is conscious?
Is there anyone in Washington that has a conscience?
The corrupt U.S. Government is printing an infinite supply, so far $156.2 Trillion, of imaginary-counterfeit money by fraudulently borrowing it from the future Americans (US Unfunded Liabilities (GAAP) = $156.2 Trillion) and giving it to the U.S. upper class to fill up all of the banks on Planet Earth with monopoly money! This imaginary-counterfeit money (monopoly money) will evaporate when this U.S. Government corruption is exposed!
When this imaginary-counterfeit money evaporates, essentially all banks will fail!
The Fed should have run a third round of stress tests using a scenario that assumed honest accounting by the U.S. Government!
Fed allows banks to resume share buybacks, JPMorgan stock jumps 5%
PUBLISHED FRI, DEC 18 20204:33 PM EST
The Fed announced on Friday that it will allow the nation’s largest banks to resume share buybacks in the first quarter of 2021 subject to certain rules.
The partial relaxation of its buyback ban came after the Fed’s second round of stress tests in 2020.
JPMorgan Chase announced in the minutes after the Fed’s test results that its board had approved a new share repurchase program of $30 billion.
The U.S. Government is corrupt for committing this $156.2 Trillion fiscal and accounting fraud that is printing this imaginary-counterfeit money!
The Federal Reserve Bank is foolish for not being able to see and expose this $156.2 Trillion fiscal and accounting fraud that is printing this imaginary-counterfeit money!
Banks appear to be doing great because the corrupt U.S. Government is printing an infinite supply of monopoly money!
Is there anybody paying attention?
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
|Cash Deficit in FY2021
|*GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org December 21, 2020
The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.
John W. White