LP.org: ‘Federal Reserve Creates Dangerous Amounts of Dodgy Debt’
Posted at LP.org:
The U.S. Federal Reserve released its third-quarter financial report on Dec. 13. The Fed’s own report — unaudited, of course — indicates that our country’s central bank is underwater in “fair value” market terms. Its bond portfolio is worth $66.5 billion less than what its original cost, and that shortfall is $27.4 billion higher than the Fed’s $39.1 billion in capital.…
Source: http://independentpoliticalreport.com/2018/12/lp-org-federal-reserve-creates-dangerous-amounts-of-dodgy-debt/
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