Real Vision Founder: Liquidity Operation Authority is Shifting from the Fed to the Treasury, Central Bank Independence Will Disappear

BlockBeats News, November 20th, Real Vision Co-Founder and CEO Raoul Pal wrote that liquidity operational control is shifting from the Fed to the Treasury Department to allow (the Trump administration) to more directly control debt financing and rollover, utilizing banks as conduits and issuing bills as a liquidity injection mechanism. This is fundamentally a state/political management of currency devaluation through fiscal dominance, eliminating the so-called 「independent」 and 「apolitical」 checks and balances of the central bank.