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Sunday, February 12, 2017

WSOMN UPDATE, 12 FEB

WSOMN:

Cruiser:  JUST A THOUGHT. If all the senators know about GCR/ revaluation and Mnuchin is our only hold up then why are they holding him up keeping it from happening. Or is that just another ploy to kick can down the road

006:  Good question cruiser,what does your gut say

KLS: Cruiser: Just my thought.... it is Mnuchin to take charge, punch the numbers, EO (Dodd-Frank)...... TAX REFORMS. That would mean to me on the currency exchange, taxes (zero) commissions, bank fees, etc
.
Cruiser:  Gut says munchin not a player. Just gut. And he shouldn't have effect on bank fees etc or taxes

KLS: He has everything to do with, input monetary reforms! imo

Cruiser:   Mnunchin may have to be in so we can sign off but other than that he shouldn't be affecting the whole process… I don't know this personally this is just my opinion

KLS:  US gov website.... "The Secretary of the Treasury is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt."

Taxmom:  Secretary of the Treasury also overseas the ESF--Exchange Stabilization Fund. "The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources."

The ESF consists of 3 types of assets: US dollars, foreign currencies and SDRs.

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