Posted on 06/26/2024 10:12:41 PM PDT by delta7
According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022. As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 billion. As the chart above using Fed data shows, the losses thus far in 2024 have ranged from a monthly high of $11.076 billion in February to a low of $5.674 billion in May.
(Excerpt) Read more at wallstreetonparade.com ...
Prepare accordingly.
Yes, I really believe we are about to face some severe consequences for all of the governmental malfeasance.
If you believe this you are nutz. Audit the “Fed,” wbich is not federal and not “reserve.”
[We have reached the end game.]
Everything is fine. Just fine.
Aunt Janet said so. Amiright?
Ain’t Bidenomics grand???
Is Janet yellin’ yet?
Mission accomplished!/grr
Not quite yet, the Treasury has one last trick up its sleeve.
Remember the Federal Reserve is not actually under the government as many think. It is just another ‘super’ monopoly bank.
Those losses were taken from the regular banks through the reverse repo window which ended in March. In order for the Fed to hold those ‘assets’ the Treasury has to issue and sell bonds. Which Janet Yellen is having a hard time doing. Which is the direct result of the Biden Administration using the Dollar as a weapon in an economic war with Russia and China. This Administration failed to hold and respect the Dollar’s status in the world.
What happens next? A hungry government and banking system will turn to a new fiat currency. Most likely digital because then every tiny transaction in the system can be taxed or fee’d thus sustaining the ‘system.’ You will be given double, triple or more credit for the paper currency or coins you turn in to the bank system. They already know there will be a small blackmarket in silver/gold, but it will not be of any concern. (I read than in one of their transition documents months ago).
What happens to debts? Good question that they have been working on. Converting it to the new digital fiat defeats the purpose of a new fiat. The goal in the transition is for the government to get out of their debt situation. War, is one way to do that. But what about the common citizen? I have heard some of the smaller debts will simply be erased. Others will be able to pay off the debt faster with the new fiat currency.
It is all a bit confusing, but we are not quite there, yet. Biden’s attempt to forgive Student Loan Debts is a great example of where they want to go with this stuff. Ask yourself why the FHA is going to be offering zombie home equity loans in the near future to help people pay down their debts. Why is or would the government be wanting to suck up all the debt right now? Because in the new fiat system there’s a strong chance it just goes away or is able to be paid off faster.
Crazy stuff, eh?
Why isn’t Trump (and I am a supporter) asking “where did that $35 trillion dollars go?
Nothing in the Constitution about a federal reserve. We don’t need a bunch of old fat cats directing our economy. Dissolve the Fed and let the market place manage the economy.
I betcha them money creators have ways to fix this ‘problem’.
All over the world and here at home.
Need I list all of the recipients?
The United States was considerably more unstable financially before the creation of the Federal Reserve. Panics, seasonal cash crunches, and a high rate of bank failures made the U.S. economy a riskier place for international and domestic investors to place their capital. The lack of dependable credit stunted growth in many sectors, including agriculture and industry. Americans early on, however, also did not want a central bank. They saw this as a model based on the Royal Crown and its Bank of England. New America did not want to be made in the image of Britain, and it also favored a more decentralized state-by-state approach to its political economy.
Isn’t this just QT, quantitative tapering? In 2008 the Fed started doing QE, quantitative easing, which was to increase their balance sheet. Ostensibly this was to save us from the financial crisis. Now the Fed is trying to lower inflation. The two weapons they have are raising interest rates and lowering their balance sheet.
Agreed. Not sure why 99 percent of the people I talk to and even some here would ever consider anything coming out of the federal reserve to be true. They are the most evil of evil… in it’s true, Biblical sense.
The federal reserve needs to be abolished. It’s run by idiots that can’t even balance a checkbook and serves no useful purpose. It was created 1913 because of several money panics... Then the depression happened and all the other massive failures that it was designed to prevent.
Track record is as bad as Biden’s.
digital currency
easier to keep us in the cage
Reverse repos don't take losses from regular banks.
A reverse repurchase agreement conducted by the Desk, also called a “reverse repo” or “RRP,” is a transaction in which the Desk sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future.
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