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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
"British men, do you love your country more than the imam loves Birmingham?"
A-I British patriot Amelia on social media
Shahid Butt, a convicted terrorist jailed for his role in an armed Islamist plot, is now seeking election to Birmingham City Council in May.
According to GB News, Butt, 60, was sentenced to five years in prison in 1999 after being found guilty of planning terrorist attacks against the British consulate, an Anglican church, and a Swiss-owned hotel in Yemen. Prosecutors said the terrorist cell had been dispatched by Abu Hamza, the notorious Islamist preacher later jailed in the United States, whose son was among those convicted in the same case.
His current campaign slogan:
‘Muslims are not pacifists…if somebody comes into your face, you knock his teeth out. That’s my message to the youth.’
“On social media, in particular, it [Minneapolis] feels like 2020 all over again… Well-meaning people of all political persuasions, women above all, have succumbed to an irrational empathy that’s strangling any hope of reasoned debate on law enforcement and illegal immigration.”
–Bethany Mandel
