Posted on 04/24/2024 8:25:48 AM PDT by bitt
if this were a real problem the price of gold would explode rather than slowly go upward as has recently.
The Fed is not pleased with this answer. In addition to its “Deferred Asset” gambit, it frequently and publicly asserts that negative capital does not matter if you are a money-printing central bank. The idea seems to be that a central bank can always print up more money. The Fed further declares that it is not in business to maximize profits. Even were all this true, it fails to change the correct capital number: negative $121 billion.
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with this type performance, any normal bank would have been shuttered and bankrupted years ago.
Read this book by Dr. Murray Rothbard on The Fed
https://mises.org/library/book/case-against-fed
It will not surprise me at all if if Congress were to change the Fed charter and let them buy anything and everything in the market and become the market like the Bank of Japan has done for the last 30 years.
The MBA in me would call that a current liability.
The article does not allow me to know what the Congress is supposed to do. ?? Of course asking the Congress to do anything is like asking Klaus Schwab for a $million gift.
Well, the gaming myth of the Fed for the past few years is playing out to resolution - a resolution that renders pain to the American people - whoever that is now with an ongoing massive invasion. REPUBLIC❗
SURPRISE💥 They were ALL carpetbaggers... call them in Monaco...
I guess those mortgage backed securities they were buy might not have been a good idea after all?
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