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Richard Clarida, the Vice-Chair of the Federal Reserve, traded money from a bond fund to a stock fund only a day before the Fed made their pandemic statement in 2020.
The statement flagged possible actions the Fed could take if the pandemic worsened. Federal Reserve Vice Chair Richard Clarida traded between $1 million and $5 million out of a bond fund into stock funds one day before Chair Jerome Powell issued a statement flagging possible policy action as the pandemic worsened, his 2020 financial disclosures show. TRENDING: UPDATE: Court Denies Bail to Jeremy Brown Until Next Tuesday – Former Green Beret Was Arrested Thursday After He Earlier Refused FBI Request to Be Informant Plant at Jan. 6 Rallies Clarida’s trades, described in forms filed with the government ethics office, show the shifting of the funds out of a Pimco bond fund on Feb. 27, 2020, and on the same day buying the Pimco StocksPlus Fund and the iShares MSCI USA Min Vol Factor exchange-traded fund in similar dollar ranges. For the year, he listed five transactions. The following day on Feb. 28, a Friday, at 2:30 p.m., Powell took the unusual step of releasing a statement saying the virus poses […]
Read the whole story at www.thegatewaypundit.com
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