Lots of Red Ink at the Fed | Alex J. Pollock
The Federal Reserve has officially reported a loss of $57 billion for the first six months of 2023. Quite a number! So the “Federal Reserve Banks Combined Quarterly Financial Report as of June 30, 2023” (CQFR)—a little-known document—is especially notable ...
That is a must-read article. The most important line is "The Fed is insolvent".
---"Shit boss, we ran out of zeros!"---
Babylonian Money Magic!