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Real Vision CEO: Liquidity Control Shifting from Fed to Treasury

Raoul Pal, co-founder and CEO of Real Vision, said on Nov. 20 that liquidity operational authority is shifting from the Federal Reserve to the Treasury Department. The move aims to enable more direct control over debt financing and rollover operations, using banks as conduits and issuing notes as liquidity injection mechanisms. Pal characterized the development as fiscally-driven currency devaluation under national and political management, effectively removing the checks and balances traditionally associated with an independent central bank.
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