RealVision founder: Liquidity management authority is shifting from the Federal Reserve to the Treasury Department

Jinse Finance reported that Raoul Pal, co-founder and CEO of RealVision, stated in a post that liquidity operation authority is shifting from the Federal Reserve to the Treasury Department, so that the (Trump administration) can more directly control debt financing and rollover, using banks as channels and issuing notes as a liquidity injection mechanism. Essentially, this is a state/politically managed currency devaluation led by the Treasury, removing the so-called "non-political" checks and balances of an "independent" central bank.