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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
Hungarian Prime Minister Viktor Orbán has condemned Brussels’s reported plan to fast-track Ukraine into the European Union by 2027 as ‘an open declaration of war’ against Hungary. He warned that proposals to remove his veto—through electoral change or stripping Hungary’s voting rights—amount to a direct assault on national sovereignty and democratic choice.
Joakim Scheffer
— 11.02.2026
The first jihadist assault conquered Spain in the 8th Century AD.
From Spain the Muslims launched a campaign to defeat France, and then the rest of Europe. But French and other allies stopped the Muslim armies at Tours in 732 AD. Without Charles Martel as the defending commander, Europe almost certainly would have been lost.
In 1683 the Muslims again assembled an army big enough to attack all of Western Europe, this time from the East. Vienna would be gateway in. Vienna was besieged, outnumbered, and near defeat and capture.
But another military hero, John III Sobieski, the Polish Christian king, rallied the militaries of several European kingdoms and routed the Muslims, who fled in retreat. Europe was saved again. But was Sobieski honored for this? Almost. A 26-foot high statue commissioned to memorialize the hero, and the need to confront Islam. But for years the statue has been hidden in storage in Poland. Why? Because Viennese politicians fear that honoring a man who ...
Greece’s Minister of Migration and Asylum, Thanos Plevris, has announced a new legislative framework targeting the operation of illegal places of worship, emphasizing that non-compliance will lead to the immediate revocation of residency permits. In Agios Nikolaos, a Mosque was sealed and the alleged imam had his residency permit revoked and faces deportation.
