We explore real-life reformation here in this informed, online community.
"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
“I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either. … Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty. When clear prospects are opened before vanity, pride, avarice, or ambition, for their easy gratification, it is hard for the most considerate philosophers and the most conscientious moralists to resist the temptation. Individuals have conquered ...
Writes Laurence Vance, "Here are the things that Pete Hegseth should have said about the military. Anything less is just death and destruction as usual with a little more masculinity and a little less wokeness:
The military will no longer fight wars that are not constitutionally declared.
The military will no longer serve as the president’s personal attack force.
The military will no longer police the world.
The military will no longer fight unjust wars.
The military will no longer make widows and orphans.
The military will no longer carry out reckless, belligerent, and meddling foreign policy.
The military will no longer station troops all over the world.
The military will stop helping to create terrorists, insurgents, and militants.
The military will stop going where they have no business going.
The military will no longer invade other countries.
The military will no longer fight unnecessary wars.
The military will no longer pretend to defend our freedoms.
The military will close all of its foreign...
