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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
“In our capital [Budapest], Jewish families and Jewish communities are safer than anywhere in Europe. There is no other European country where Jewish communities living in the capital enjoy even a comparable sense of security to what they experience in Budapest.”
--Hungarian Prime Minister Viktor Orbán
‘It has been over a decade since Western media began (and continues) to demonize Orbán for his uncompromising position against migration. This passage of time is useful, as it allows us to look back and evaluate Orban’s logic for rejecting migration in light of what has actually happened over the last ten years.’
-- Raymond Ibrahim
Whoever says that America has never had trouble with Muslims forgets the fact that Jihadis were enslaving, torturing and murdering Americans from the days of our War of Independence. We went into debt to create a navy and Marine Corps to fight these faithful Muslims into a temporary setback and a treaty of peace (which was later broken by them).
"The idea that [Muslims] hate us because of what we're doing in "their region" also founders on the fact that it wouldn't be "their region" at all had it not been for a series of aggressive jihad conquests against peoples who were not waging war against the Muslims or threatening them in any way.
"As The History of Jihad shows, there have been 1,400 uninterrupted years of jihad conquest, and never a period in which there were cordial relations of mutual respect between Muslim and non-Muslim political entities, based on the non-Muslim entities' good behavior in staying out of "their region."
-- Robert Spencer
