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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
“Here’s an uncomfortable truth about the Epstein accusations: We only find them morally reprehensible because of Christianity. Before the spread of Christianity, ‘civilized’ Greek and Roman elites openly flaunted underage s*x slaves. This was normal. Emperor Hadrian built an entire city in honor of his favorite boy… If you undercut the moral foundations of Christianity from the West, culture reverts back to pagan norms.”
–Paul Anleitner
Republican Senators urged the FDA to limit the abortion kill pill and called for the FDA to conduct a safety review of Mifepristone. Sen. Josh Hawley (R-MO) said, “There are more abortions now than when Roe was the law of the land. And that’s because of this chemical abortion.”
