You seem to have much more confidence in the Fed than I do. That's fine - we can agree to disagree, and do it on friendly terms.
I will say this: I believe in the Bible, and in Biblical prophecy. Revelation 13 will come about, someday.
That chapter strongly implies a global, single, (perhaps) electronic currency.
I see events rapidly unfolding where the Dollar is finished, and the SDR (they call it that because it is too creepy to call it "Global Money", which it is and will be), will arise, backed by the IMF.
Rickards has done dozens of interviews, and I believe he is sincere and the real deal. The Fed officials he talks to admit that if there is another crisis, they cannot do more. They can create some nightmare hyperinflation scenarios, but even that won't be enough.
Insolvent? That's when you can't pay your bills. What bills does the Fed have? Why can't they pay them?
Respectfully, I think you are failing to see the relationship between the Fed and the Treasury. While separate entities, they are tied together in this death spiral we find ourselves in.
I simply understand the silliness of using the words leverage and insolvent when discussing a central bank. If they retain $80 billion in earnings this year, their "leverage" would drop to 30-1. Crisis averted?
Rickards has done dozens of interviews, and I believe he is sincere and the real deal.
I've seen many sincere people who don't know what they're talking about.
The Fed officials he talks to admit that if there is another crisis, they cannot do more.
Right, because they'll run out of electronic ink when they create electronic money in their computer.
Respectfully, I think you are failing to see the relationship between the Fed and the Treasury.
Respectfully, you should look up the definition of insolvent.