"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
Games stimulate the mind. Kids thrive on mental stimulation. Games teach kids to triumph over challenging problems.
This story out of India: Sarwagya Singh Kushwaha was born in 2022. At 30 months he started learning chess. By age three he had defeated five ranking members of the International Chess Federation, earning him his own official ranking. What’s next? Recognition as a grand master as he continues learn about how chess works, and how victory is achieved against some of the most active minds of his generation.
Since the 2024 election, commentators are no longer afraid to say the unsayable: White, college-educated women are among the most foolish and stupid on the planet. John G. Roberto labels them indoctrinated, "socialist useful idiots." Beanman19701 describes them as "the gift that keeps on giving" to every leftist cause, because their support will be perpetual, unthinking backing for the left.
Now the Queen of Leftist Philanthropy explains how she became a useful idiot for Klaus Schwab and the global left mafia. Nicole Shanahan - ex-wife of Google co-founder Sergey Brin, former running mate of RFK Jr., and someone who personally signed nine-figure philanthropy checks - just revealed how she and the other Silicon Valley college-educated-white-women were tricked, recruited and used.
"I don't think many of the tech mafia wives realize,” says Shanahan, “they were used to set the groundwork for what Klaus Schwab calls The Great Reset.
Their money especially was being conscripted ...
It has long been understood that the New York Times is the public voice of the American intelligence establishment, and that American media takes its cues from the Times on what should or should not be reported. In 2025, the Times stopped lying about two aspects of the Ukrainian war, and the about-face has shaken the world. On March 9th, the Times admitted that it was America which made war against Russia, for decades, falsely pretending that Russia was an aggressor against Ukraine. This previous narrative was fake war propaganda all along.
Now comes another truth bomb from the Times: Zelenskii is no Messiah, but a highly accomplished crook who cares nothing about the suffering of Ukrainians.
On December 5th, the Times proved that the hero-status they had once given Zelenskii was another fake narrative created by the deep state for the purposes of extending billions of ...