Biden, Congress and The Federal Reserve are out of touch with America’s middle class. Even worse, private eyes are watching you!
Specifically when The Federal Reserve can post massive unrealized losses and US taxpayers foot the bill? Wouldn’t it be nice to be a private organization that sends your losses to US Treasury??
The US Federal Reserve is a private organization that engages in legal interest rate manipulation and gets to send it losses to US Treasury.
Fed’s unrealized losses on the balance sheet just broke $1.3 trillion for first time ever – truly unprecedented; the amortized cost is 20.4% more than the mark-to-market price of the balance sheet; recall that selling a devalued security reduces the impact on the money supply.
FDIC-insured banks are suffering massive losses from Bidenomics too.
US bank credit growth has been negative for 16 straight weeks.
The Fed is on my list of organizations that should be dismantled and done away with.
