Federal Reserve records massive losses, makes up fictitious value called ‘deferred assets’ to compensate

American Thinker ^ | 14 Feb, 2024 | Jack Hellner

[ViLaLuz]

Yet the same people attack Donald Trump over the same concept.

[markman46]

if the FED was created by an amendment to constitution, it is not a Private corp.

[Toddsterpatriot]

If the Federal government gets 100% of the profits, it’s owned by the Federal government.

[Toddsterpatriot]

https://www.federalreserve.gov/aboutthefed/files/combinedfinstmt2022.pdf

[Svartalfiar]

Why not literally print the money without “borrowing” it and running up any interest payments?

That's what Germany, Zimbabwe, and several others have done. You gotta bring a wheelbarrow of $$ to get your morning Starbucks.

[Pelham]

The kind of article that results when you know nothing about your subject but soldier on anyway.

The writer obviously imagines that the Fed is another commercial bank and has no idea what a monetary authority does.

[Pelham]

Interest paid to the Fed reverts to the Treasury Department. The Fed doesn’t get to keep anything above basic expenses. The Fed doesn’t own their bond holdings. They use them for adjusting the money supply in the banking system.

[Pelham]

You’re confusing the Fed and the Income Tax.

Income Tax required an Amendment. The Fed was created by a regular Congressional bill.

[markman46]

OH ok thanks for the correction