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Fed Went Record-Broke In 2023
The Fed's broke. Maybe you heard.
Or as broke as you can be when you're the sole legal issuer of the only universally-accepted form of money on Earth, and when you can create a negative liability to balance it all out.
Audited financial statements released on Tuesday showed the Fed had an operating loss in excess of $114 billion last year, the widest ever. SOMA income was $164 billion against interest costs of $281 billion, give or take.
I don't know why I'm writing this, to be honest. It's n
GOP rank and file can’t even figure out that Trump’s a charlatan lol
I think it could play. I mean, it’s like the deficits. You don’t have to understand anything. Just negative is bad, amiright?
“Our great Federal Reserve is broke. Picture that. They print the money and they’re broke. Who ever heard of such a thing?” BOOOOOOO! “So sad for our country. So sad.” silence “But we’re gonna fix it.” low claps “We’re gonna get ‘pitiful Powell’ outta there.” BOOOOOO! “No, no. I like Jay, really I do. Good man.” confused silence “But he let us down.” BOOOOOO! “He let us down. So he’s gotta go. You’re fired Jay!” loud applause
Are you Trump? Because that is EXACTLY what he would say!