Holy Shit. This is insanity on a level I could have never imagined.
With the pretext of ‘preventing bubbles’ like the subprime mortgages in 2008, the government would be empowered (and required) to short any security or commodity that they felt was being traded for more than it’s actually worth, "for purposes of financial-market stabilization" (pg7). Effectively, the government would get to decide what each stock was worth, the range it was ‘allowed’ to trade in, and manipulate the market to get the result it wants.
That's taken from reddit which is summarizing the proposal for complete market control by The Fed. They can can go long or short whenever they want. whenever they feel the market is being artificially manipulated to "stabilize the market."
Which means they can naked short sell any stock whenever the fuck they want as they determine what the value should be. For example, if people "Buy and Hold" and the stock value goes up because no one wants to sell, they can naked fucking short sell to make the price drop.
This is The Federal Reserve Act Part Two. That's how much fuckery there is in here. This is like a who's who of complete bald faced monetary and market fuckery. Like they cherry picked the most insane ideas anyone has ever had and stuck them all in the same document.
This has to be white hat. No Totalitarian regime would be this stupid, unless their sole intention was to start a war (which I suppose is possible).
Holy Shit. This is insanity on a level I could have never imagined.
With the pretext of ‘preventing bubbles’ like the subprime mortgages in 2008, the government would be empowered (and required) to short any security or commodity that they felt was being traded for more than it’s actually worth, "for purposes of financial-market stabilization" (pg7). Effectively, the government would get to decide what each stock was worth, the range it was ‘allowed’ to trade in, and manipulate the market to get the result it wants.
That's taken from reddit which is summarizing the proposal for complete market control by The Fed. They can can go long or short whenever they want. whenever they feel the market is being artificially manipulated to "stabilize the market."
Which means they can naked short sell any stock whenever the fuck they want as they determine what the value should be. For example, if people "Buy and Hold" and the stock value goes up because no one wants to sell, they can naked fucking short sell to make the price drop.
This is The Federal Reserve Act Part Two. That's how much fuckery there is in here. This is like a who's who of complete bald faced monetary and market fuckery. Like the cherry picked the most insane ideas anyone has ever had and stuck them all in the same document.
This has to be white hat. No Totalitarian regime would be this stupid, unless their sole intention was to start a war (which I suppose is possible).