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"The Federal Reserve is already insolvent.
According to its most recent annual financial statements, the Fed has just $51 billion in equity, versus a whopping $948 billion in mark-to-market losses. This means the Fed is insolvent by roughly $900 billion.
This is a big problem. Remember that the Fed is still a bank, i.e. it has financial obligations, liabilities, and depositors that it needs to pay.
For example, commercial banks like JP Morgan and Bank of America have deposited a total of $3.4 trillion of their customers’ money, i.e. YOUR money, with the Fed. And the Treasury Department holds another $700 billion deposit at the Fed.
The Fed owes money to foreign governments. They owe trillions of dollars from repurchase agreements to banks and businesses across the global financial system.
So, yeah, the insolvency of the Federal Reserve is a pretty big deal. Yet, at least for now, no one is saying a word about it.
ETIENNE DE LA BOETIE2
April 7. 0206 PM
“A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will."
Donald Trump
"What has happened in [Hungary], what has happened in the midst of this election campaign, is one of the worst examples of foreign election interference that I've ever seen or ever even read about," Vance said during a press conference alongside Orbán.
"The bureaucrats in Brussels have tried to destroy the economy of Hungary. They have tried to make Hungary less energy independent. They have tried to drive up costs for Hungarian consumers. And they've done it all because they hate this guy," he added.
It is five days to the election.
April 7. Today is the day Donald Trump has threatened to destroy Iran’s bridges and power plants, which could lead to the deaths of millions, if the Iranians do not “Open the F---- Strait [of Hormuz].” Israel may join the assault by attacking the country’s train lines this afternoon.
An attack on Iran’s Bushehr nuclear power station raises a Chernobyl-like radiation cloud possibility, sending death slowly over the Gulf region, making some countries uninhabitable for decades and poisoning the water in the Persian Gulf. This would shut down many of the desalination plants which produce most of the region’s drinking water.
Projected radiation contamination:
