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Lots of Red Ink at the Fed [$57B 'missing']
The Mises Institute ^ | 09/12/2023 | Alex J. Pollock

Posted on 09/13/2023 9:24:36 AM PDT by Red Badger

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1 posted on 09/13/2023 9:24:36 AM PDT by Red Badger
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To: Red Badger

A billion here and a billion there, pretty soon your talking real money. 10% goes a long way.


2 posted on 09/13/2023 9:26:53 AM PDT by patriot torch (..)
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To: Red Badger

Check the big guy’s bank account...


3 posted on 09/13/2023 9:28:13 AM PDT by farmguy ( )
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To: Red Badger

Anyone check the turnips sock drawer?


4 posted on 09/13/2023 9:28:35 AM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: Red Badger

Gangster government at work for you.


5 posted on 09/13/2023 9:29:50 AM PDT by E. Pluribus Unum (The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████. FJB.)
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To: Red Badger

It’s already been blown up Hunter’s nose...


6 posted on 09/13/2023 9:30:13 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Diana in Wisconsin

Or it’s in Ukraine...................


7 posted on 09/13/2023 9:30:33 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger
$57 billion SLUSH FUND for the Deep State to pay off judges, media and other communist operatives to IGNORE election fraud, pay operatives to stuff ballot boxes, pay DOJ officials to cover-up money laundering, China bribes, etc..

While they're at it, how about paying off CIA officials to lie about Hunter's laptop, the origins of COVID, etc..

8 posted on 09/13/2023 9:31:12 AM PDT by CivilWarBrewing (Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
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To: Red Badger

Plenty of cash for both criminal operations. *SPIT*


9 posted on 09/13/2023 9:31:28 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Red Badger

President Demento probably used it to cancel student loans for Pre-school and Head Start student loan deadbeats.


10 posted on 09/13/2023 9:32:58 AM PDT by FlingWingFlyer ("Try That In A Small Town" - Jason Aldean rules!)
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To: FlingWingFlyer

Do we need a FED? Ron Paul says no.


11 posted on 09/13/2023 9:35:06 AM PDT by DIRTYSECRET (e allowed )
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To: Red Badger

It doesn’t matter because the Fed is a money-printing apparatus designed to make sure the assets of its owners (the banks) and those of the upper class (stocks) remain secure by making sure the rest of us pick up any losses. It’s the primary guarantor of the socialization of losses and privatization of profits.


12 posted on 09/13/2023 9:36:16 AM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
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To: pierrem15

They don’t ‘print’ it any more, they just poke some numbers on a keyboard and VOILA! A bank now has a hundred million dollars in ‘assets’..........


13 posted on 09/13/2023 9:38:18 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

The problem with having a criminal at the top is all the lower level ‘employees’ think it gives them a pass. President Sniffer has set the standard. I’m guessing ‘lost’ money is common all over the DC hellhole.


14 posted on 09/13/2023 9:39:41 AM PDT by GOPJ (Our side must NOT work with democrats. Or we'll Bud Light them...)
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To: Red Badger

Secrets of accounting—rule #1:

You cannot be insolvent if you have a printing press in the basement.

;-)


15 posted on 09/13/2023 9:39:54 AM PDT by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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To: Red Badger

Chump change! Now if it was 57 Quadrillion, THAT’S REAL money!


16 posted on 09/13/2023 9:40:46 AM PDT by Jan_Sobieski (Sanctification)
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To: Jan_Sobieski

Rounding ‘error’.......................


17 posted on 09/13/2023 9:41:17 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Quantitative Easing eventually has to come home to roost.


18 posted on 09/13/2023 9:43:46 AM PDT by Boogieman
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To: Red Badger

would this have to do with the overnight repo window for the banks...?

Essentially the Fed is bankrupt.

News like this should crash the economy, the real question is ...will it?


19 posted on 09/13/2023 9:52:49 AM PDT by EBH (America Blackmailed, The True Story of the World War...Coming Soon (1/21-))
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To: EBH

The money is good only as long as people will accept it.

Once that is gone, it’s over for a country’s government.

That’s why they want to go to a Digital Dollar.........


20 posted on 09/13/2023 9:58:33 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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