Fed losses eclipsing 130 billion…

[medium187mph]

Fed losses eclipsing 130 billion…. The process is nearly complete… boot incoming!

 

[roydamnmercer]

A billion here, a billion there…pretty soon it adds up to real money.

 

[Grdbreaker]

KABOOM....The can has been kicked to pieces,it's over. The real wealth of the country has been looted and a giant debt bomb is about to blow.

 

[falken]

We have already seen the flash, this is just blast wave.

 

[Hayata]

I don't even know what this is.

And 130 B$ is chump change to the fed. Who owes us this? Venezuela? Argentina?

Russia?

OK - so what do we do with what money we have to soften the impact of this grave news?

 

[Cadcom]

Been this way for a few years I think. Not the end of the world. It all balances out over time - they ain't like you and me. No real accountability.

But unlike a private company, the Fed does not reduce its capital, become insolvent, or require a capital infusion to maintain solvency. Instead, under its accounting conventions, it registers the losses as a deferred asset. Positive net income in future years would be directed to eliminating this deferred asset instead of being remitted to Treasury. Thus, positive net income will resume before remittances.

 

[the_great_white]

Who owes us this? Venezuela? Argentina?

Ukraine

 

[SOLGardener]

I'll take my social security in a lump sum now, thank you.

Makes me think of the run on the banks in "Its a Wonderful Life"!

 

[Torn]

 

[The Southern Gentlemen]

Who cares!!!???? I can still get my McDonalds and my AC keeps me cool!!!

Couldn’t find the sarcasm font