It should be withheld from federal employee paychecks.
Most of the ‘money’ doesn’t even exist.
The author of the article doesn’t realize that the “Federal Reserve” is a private corporation.
Federal reserve, fictitious value, fiat currency. Taxation without representation. Representation without communication.
That’s like Quantitative Easing that Ubama did to finance his Trillion dollar a year extra deficit spending (four times).
Create $1T of book money and take half and buy your own T-Bills to make it look like you’re solvent and take the other half and buy MSBs (Mortgage Backed Securities) or something to bail somebody out (or give to new illegal slags).
Stop paychecks going to all congressmen until they balance the budget.
Stealing wealth from Americans.
Print from nowhere, loan to banks at low rate, banks engage in usury.
Too big to fail, repeat cycle.
If only someone had said something about central banks…
What I don’t understand is why we still hold on to the idea that it is necessary for the government to “borrow” money.
We don’t pay it back. So what’s the point?
We need $500B? We borrow $500B. Now we owe the Fed $550B because interest jumps in, and we just lost an additional $50B. The Fed makes $50B and we have $500B in our pocket. Which we aren’t going to pay back.
Why not literally print the money without “borrowing” it and running up any interest payments?
As it is, I think we just shovel money at the Fed for no real benefit to ourselves.
‘Deferred Assets’?
Money that you don’t now have, but you might get at some time in the future.........................
I’m a ‘Deferred Asset’ millionaire!,,,,,,,,,,,,,,,,,,,
We owe China $859 billion dollars. What happens if we told them to piss off? Same with other countries not friendly to the US?
Sounds like the same language Enron used.
The loss occurs because The Fed sells money cheap and buys it back causing it to become expensive.
That is a natural loss-making scheme.
The losses from that are normally covered up by getting interest income on conjured up money.
The Fed should not be in the process of economic manipulation. It should only issue new money and never issue so much that there would be a need to buy it back.
When I was very young, single-family housing was financed mainly through local S&Ls.
The American S&Ls functioned much like the building societies of Britain created during the Victorian era. British building societies would take in deposits from people. If your building society liked your deposit flow, it would allow you to get a mortgage.
With local financing, local housing prices were limited by local money supply, which kept housing affordable.
If only regular banks could do that, we would have no failures.
“As a member of the U.S. House of Representatives, Carter Glass co-sponsored the Federal Reserve Act.”
“As senator, Glass lent his name and influence to notable legislation, including the Banking Act of 1932, the Banking Act of 1933 (commonly called the Glass-Steagall Act), and the Banking Act of 1935. These acts restructured the Federal Reserve System by forming the Federal Open Market Committee (the Federal Reserve’s chief monetary policymaking body) and giving new authority to the Federal Reserve’s Board of Governors (which replaced the Federal Reserve Board). Among other things, the acts also separated commercial and investment banking and created the Federal Deposit Insurance Corporation.”
https://www.federalreservehistory.org/people/carter-glass
They are as “federal” as Federal Express. I doubt the money is lost, but rather sent to Ukraine, minus the customary 10% for “The Big Guy”.
The liabilities of the Federal Reserve are dollars whether physical or electronic. What happens if I go to the Fed with a Benjamin? They might be polite and give me a new Benjamin.
The Fed Says Its Record Losses Don’t Matter
We just increase taxes no problem
Voters walk around stunned but keep voting for the Bolsheviks.
The Federal Reserve System should be abolished. They do nothing but react to problems which they helped create, and their solutions usually make things worse in the long run.
We will never get an audit of the federal Reserve.