> try not being poor loser or try cheating, like the fed   ad/489468608 this thread summarizes the first of a series of four recent separate economics papers examining the current insolvency of the 12 regional federal reserve franchises. in this first paper, kupiec and pollock show that the federal reserve franchises are insolvent if gaap accounting is used, which the fed does not use. the fed is now balancing their books with an imaginary, 'magic' accounting column called 'deferred assets' to perpetuate their bankrupting of the us treasury and the american taxpayer and to hide their losses and now uncollateralized federal reserve notes. these are operating losses, which don't even include the capital losses from marking-to market their now-worthless securities either, further skewing the real price of credit and hampering the fed's ability to respond to shocks to the economy, as their balance sheet is full and there is no room to move. the fed franchises have only become more insolvent since the paper was released, their losses doubling since jan 2024 to the tune of ~$210 billion as of this week. this thread will summarize how the fed is insolvent, operating illegally, opening itself up for lawsuits and destroying the american economy when it could just roll off its balance sheet and take cash losses like that. instead, the fed franchises choose to take cash losses by still paying their owners dividends and paying out interest to nyfed primary dealers via iorb and to mmfs in reverse repo transactions. federal reserve losses and monetary policy jan 2024 paul h. kupiec, senior fellow, american enterprise institute alex j. pollock, senior fellow, mises institute   .cfm?abstract_id=4712022
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