> money is fake the now-bankrupt (~$204 b in the hole) federal reserve 12 franchises collateralize their worthless federal reserve notes with us treasuries (aka securities). the 12 fed franchises are now bankrupt and don't have enough collateral to request more fiat. it is being suggested now to take fed shareholder capital (including their mbs assets) to back their worthless fucking federal reserve notes.  every uncollateralized federal reserve note being issued today is a lien on the assets of the now-bankrupt nyfed's owners, including its largest owner, jpm. how is jpm making record profits when the nyfed's private franchise itself is ~$120b in the hole? picrel why is jpm still being paid dividends when the nyfed is insolvent? when money replaces actual success, only the sleazy will be rich.
United States