Posted on 11/23/2023 10:06:09 AM PST by Kaiser8408a
Biden, Congress and The Federal Reserve are out of touch with America’s middle class. Even worse, private eyes are watching you!
Specifically when The Federal Reserve can post massive unrealized losses and US taxpayers foot the bill? Wouldn’t it be nice to be a private organization that sends your losses to US Treasury??
The US Federal Reserve is a private organization that engages in legal interest rate manipulation and gets to send it losses to US Treasury.
Fed’s unrealized losses on the balance sheet just broke $1.3 trillion for first time ever – truly unprecedented; the amortized cost is 20.4% more than the mark-to-market price of the balance sheet; recall that selling a devalued security reduces the impact on the money supply.
FDIC-insured banks are suffering massive losses from Bidenomics too.
US bank credit growth has been negative for 16 straight weeks.
The Fed is on my list of organizations that should be dismantled and done away with.
(Excerpt) Read more at confoundedinterest.net ...
The taxpayers aren't footing any bill.
Wouldn’t it be nice to be a private organization that sends your losses to US Treasury??
The Fed isn't private.
Much of the “unrealized losses” the way I understand it comes from the vast amount of commercial real estate mortgages that are sitting vacant and unable to rewrite.
This is thought to be the major catalyst to bank failures and insolvency.
Watch for many large and small banks to fail by the end of the year. And when this happens, it should send the economy into a tailspin beginning the first of the year.
The media and politicians can only bury the truth for so long.
BTW, it’s not so much bail outs (as in the crash of 2008) but bail ins. Those with uninsured holdings at banks might want to protect their cash...
Bail-In: Definition and Role in a Financial Crisis
https://www.investopedia.com/terms/b/bailin.asp
Why Bank Bail-Ins Are the New Bailouts
What Is a Bailout? Definition, How They Work, and Example
https://www.investopedia.com/terms/b/bailout.asp
A History of U.S. Government Financial Bailouts
https://www.investopedia.com/articles/economics/08/government-financial-bailout.asp
Finally, an exclamation point. Now we are getting somewhere!
You think part of the problem is the people in charge need help wiping themselves?
All part of the PLAN to destroy America!
“Watch for many large and small banks to fail by the end of the year.”
Just like 2012, the 90’s S+L crisis and the Resolution Trust Company, the opportunities will be epic! Bring it on.
As I understand it, Federal Reserve interest rate manipulation is normally a money-losing proposition.
To help the Fed, the federal government might make mortgage interest at less than 3.5% not deductible.
The Fed might then offer to refinance below 3.5% mortgages at higher rates.
Since this type of process might be repeated, the federal government might have to guarantee deductibility of the refinanced mortgages.
“Watch for many large and small banks to fail by the end of the year. “
Since the isolated bank problems earlier this year, the media has been silent in regards to the bank liquidity problems. I suspect they have been told not to report on those problems in order to avoid bank runs. Even the big players are in trouble. I look for more regional banks to close soon. If not by the end of the year, then soon thereafter.
Office building space could be converted into large apartments.
This might conflict with local affordable housing requirement laws.
Those laws might be overridden by Congress.
For who?
To help the Fed, the federal government might make mortgage interest at less than 3.5% not deductible.
Which politicians are going to vote to screw people with low-rate mortgages?
The Fed might then offer to refinance below 3.5% mortgages at higher rates.
The Fed has no retail banking operations.
Instead of having the Federal Reserve manipulate interest rates, the federal government might vary interest deductibility/tax credits.
This might be done by formula to make it less political.
I think its quite likely that the powers that be have orchestrated this pending collapse to destroy the dollar and replace it with a digital currency.
When this shakes out, the pension funds of millions will have been destroyed.
“I think its quite likely that the powers that be have orchestrated this pending collapse to destroy the dollar and replace it with a digital currency.”
The WEF is not hiding that plan. And, it will be framed as necessary to save the Western economies.
“For who?”
For the taxpayers.
“Which politicians are going to vote to screw people with low-rate mortgages?”
The 2.67% Trump Covid era mortgages were political handouts. The mortgagors got a too sweet deal. Even mortgages refinanced at 3.5% would be a sweetheart of a deal.
“The Fed has no retail banking operations.”
People who don’t refinance will simply not get an interest deduction anymore.
Watched a Movie today where the ‘head’ of the Federal Reserve “arranged” hacking of the Stock Market in order to manipulate it FOR the banks to increase their profits....he used known criminal actors by offering them immunity from their crimes.
Let me know a single politician who'd vote for that change.
Bidenomics Strikes
Indeed using the five finger calculator never works out.
If you hold investment grade bonds to maturity, you get 100% of your original investment back almost 100% of the time.
If you buy below investment grade bonds, your risk goes up.
If you need cash in the short term, do not buy long term bonds!
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