Hey Two-Face, Got a Question For You
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94Nautique
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@530RL OK, so what now? https://www.wsj.com/articles/for-th...rate-risk-svb-ad92e96f?mod=opinion_major_pos5
"Like all central banks, the Federal Reserve was designed to make money for the government from its monopoly on issuing currency. The Fed did generate profits, which it sent to the Treasury, every year from 1916 onāuntil last fall. In a development previously unheard of, the Federal Reserve has suffered operating losses of about $42 billion since September 2022.
That month, the massive interest-rate risk created by the Fedās asset-liability maturity mismatch began generating cash-operating losses, and the losses now average $7 billion a month. This is because the Fedās trillions of dollars of long-term investments yield 2% but cost 4.6% to finance. The Fed will soon have negative equity capital, and as operating losses continue to mount, its equity-capital deficit will grow.
In a July 15, 2022, note, the Fedās Board of Governors discussed the possibility that the system could incur substantial operating losses as it increased interest rates to fight inflation. The Fed tried to play down the importance of the issue, arguing that its āmandate is neither to make profits nor to avoid lossesāāa deflection that is disappointingly transparent to anyone familiar with central banking.
The Fed traditionally avoided policies that would expose it to significant losses. In the early years, member banks could borrow from reserve banks only by posting specific collateral. The Federal Reserve Act required loans to be backed by qualifying short-term self-liquidating billsāwhat today we call commercial paper. Over time, loan collateral requirements evolved, but as they did, the Fed introduced policies to protect it from losses when lending to member banks."
"Avoiding credit losses is a requirement Congress added to the Federal Reserve Act in 2010. Section 1101 of the Dodd-Frank Act requires the Federal Reserve Board to establish āpolicies and procedures . . . designed to ensure that any emergency lending program or facility . . . protect taxpayers from losses.ā Federal reserve banks are also mandated to assign āa lendable value to all collateral for a loan executed by a Federal reserve bank . . . in determining whether the loan is secured satisfactorily.ā
While the Federal Reserve Act requires the Fed to avoid taking credit related losses that could have an impact on taxpayers, it makes no mention of losses from interest-rate risk exposures. The actās authors never imagined such losses. Monetary policy was all but assured to generate Fed profits prior to 2008. That changed once the Fed started paying banks interest on their reserve balances and making large open market purchases of long-maturity Treasurys and mortgage-backed securities.
Fed losses from its interest-rate-risk exposuresāunrecognized taxpayer lossesāare now being realized in ways Congress never intended and at magnitudes neither the Congress nor the Fed ever expected."
You money changers are gonna fuck us one way or another...
"Like all central banks, the Federal Reserve was designed to make money for the government from its monopoly on issuing currency. The Fed did generate profits, which it sent to the Treasury, every year from 1916 onāuntil last fall. In a development previously unheard of, the Federal Reserve has suffered operating losses of about $42 billion since September 2022.
That month, the massive interest-rate risk created by the Fedās asset-liability maturity mismatch began generating cash-operating losses, and the losses now average $7 billion a month. This is because the Fedās trillions of dollars of long-term investments yield 2% but cost 4.6% to finance. The Fed will soon have negative equity capital, and as operating losses continue to mount, its equity-capital deficit will grow.
In a July 15, 2022, note, the Fedās Board of Governors discussed the possibility that the system could incur substantial operating losses as it increased interest rates to fight inflation. The Fed tried to play down the importance of the issue, arguing that its āmandate is neither to make profits nor to avoid lossesāāa deflection that is disappointingly transparent to anyone familiar with central banking.
The Fed traditionally avoided policies that would expose it to significant losses. In the early years, member banks could borrow from reserve banks only by posting specific collateral. The Federal Reserve Act required loans to be backed by qualifying short-term self-liquidating billsāwhat today we call commercial paper. Over time, loan collateral requirements evolved, but as they did, the Fed introduced policies to protect it from losses when lending to member banks."
"Avoiding credit losses is a requirement Congress added to the Federal Reserve Act in 2010. Section 1101 of the Dodd-Frank Act requires the Federal Reserve Board to establish āpolicies and procedures . . . designed to ensure that any emergency lending program or facility . . . protect taxpayers from losses.ā Federal reserve banks are also mandated to assign āa lendable value to all collateral for a loan executed by a Federal reserve bank . . . in determining whether the loan is secured satisfactorily.ā
While the Federal Reserve Act requires the Fed to avoid taking credit related losses that could have an impact on taxpayers, it makes no mention of losses from interest-rate risk exposures. The actās authors never imagined such losses. Monetary policy was all but assured to generate Fed profits prior to 2008. That changed once the Fed started paying banks interest on their reserve balances and making large open market purchases of long-maturity Treasurys and mortgage-backed securities.
Fed losses from its interest-rate-risk exposuresāunrecognized taxpayer lossesāare now being realized in ways Congress never intended and at magnitudes neither the Congress nor the Fed ever expected."
You money changers are gonna fuck us one way or another...
94Nautique
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Opinion | The IRS Makes a Strange House Call on Matt Taibbi
An agent shows up at the home of the Twitter files journalist who testified before Congress.
www.wsj.com
Hey 529.5, what are your thoughts on chilling the media, on equal protection, on you know free speech?
Wedgy
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Oh they'll be back, when the new IRS armed Regiment stands up for action.
Opinion | The IRS Makes a Strange House Call on Matt Taibbi
An agent shows up at the home of the Twitter files journalist who testified before Congress.
Hey 529.5, what are your thoughts on chilling the media, on equal protection, on you know free speech?
You know, Freedom!!
94Nautique
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1.2 million migrants evaded authorities crossing US border: report
Federal officials tallied 251,487 illegal-entry encounters at the US-Mexican border in December 2022.
nypost.com
Lets talk about the tax of letting 1.2m illegals across the border. Who pays for them? They suck up about $85k each, a year. Thats a cool $100+ billion a year. Who pays that 100 billion dollar tax each year? Us, thats who. Glad your guy Biden is an open door...
t&y
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Pfffffttttt... Sir... we do not use uncivilized "Toilet Paper". All RDP members are required to have temperature adjusting Bidet's. Get with the times, and remind me to only fist bump, no hand-shakes, if we ever meet you filthy animal!Don't you guys get it?
You are supposed to let a hostile nation engage in unilateral economic warfare, where they subsidize their manufacturing sectory, designed to decimate your ability to produce real durable goods and replace that capital and labor market with low skill service jobs and recreational activities. Forcing you to buy the products from them cheaply until the point when they decide they will no longer sell them cheap, all the while they have escalated armed conflicts, and your only option is to buy raw defense materials from them since you have lost 2 generations of people capable of doing it domestically, but you don't care because you can't even make toilet paper anymore.
was thatguy
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Heās fucking with you.Interesting .... I do appreciate your honest answer....Thanks
He does not care who the actual president is (except for Trump), just as long as he can get his check cashed and buy at least some sort of audience and/ or influence.
Nothing else matters to globalists, only their bottom line and compounding of personal wealth.
He goes on about personal responsibility concerning oneās own success, yet conveniently leaves out his hosting of all manner of political fund raisers and pac involvement.
The figurehead is irrelevant, his interests are what matters.
SNiC Jet
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I don't know......If you were a self serving globalist, who would make a better POTUS than Romney?
was thatguy
living in a cage of fear
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Presidents are basically temporary government employees.I don't know......If you were a self serving globalist, who would make a better POTUS than Romney?
Some are more, some are less.
Trump, Reagan, even JFK took that shit to heart. They were a presence.
Biden is a zombie.
Romney would be a mannequin, probably slightly more animated than Biden.
In that regard, sure, heād love him. But really anyone who is totally insignificant can fill the spot and it would be the same.
He does not care who is president. Heās said it himself, just as long as they donāt fuck with his program.
though itās anyoneās guess which are his lies and which are his truths.
94Nautique
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Bidenās $1.5 trillion unilateral spending spree - Washington Examiner
Banks are failing, real wages are falling, consumer debt is at record highs, and it is all thanks to the decades-high inflation caused by President Joe Bidenās reckless spending. The economy was already recovering from coronavirus lockdowns by the time Biden was sworn into office. All he had to...
www.washingtonexaminer.com
why dont we hear you complaining about this abuse of power, and adding to the deficit @530RL ?
Wedgy
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Now I'm no economist, not pointing any fingers, but it sure appears as though the bizbang/banking/monetary system has become a gambling establishment. Being raided as we speak, by Fatcat Carpetbaggers, also raiding the Treasury, bailout buying off their cronies in Big Biz, grabbing all the loot while the getting is good. While the "System," is a runaway freight train heading for the cliff, all the while, "Bread and Circuses" for the masses.
And I thought my union was a House of Cards. lol. Aww Hell., 4 for 5, 43 years...
"Hundies," used to be like Gold, all around the world. Saudi's are pulling the plug, aided by China. First African country set to purchase oil with their own currency from Saudi Arabia. Today. From the country that used to be our ally, pricing their oil in U.S. dollars, but told Pedo Joe to pound sand, after putting America on the chopping block Day 1, 2021.
Anybody missing Trump already? Ha! Call me crazy, but the U.S. Karma ball sure seemed to be rolling in the right direction back then. Remember? The "Good Old Days." $1.17 gas? Then. All that bad shit, sure happened quick. 'Fukin 'Ell...
And I thought my union was a House of Cards. lol. Aww Hell., 4 for 5, 43 years...
"Hundies," used to be like Gold, all around the world. Saudi's are pulling the plug, aided by China. First African country set to purchase oil with their own currency from Saudi Arabia. Today. From the country that used to be our ally, pricing their oil in U.S. dollars, but told Pedo Joe to pound sand, after putting America on the chopping block Day 1, 2021.
Anybody missing Trump already? Ha! Call me crazy, but the U.S. Karma ball sure seemed to be rolling in the right direction back then. Remember? The "Good Old Days." $1.17 gas? Then. All that bad shit, sure happened quick. 'Fukin 'Ell...
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SNiC Jet
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Bidenās $1.5 trillion unilateral spending spree - Washington Examiner
Banks are failing, real wages are falling, consumer debt is at record highs, and it is all thanks to the decades-high inflation caused by President Joe Bidenās reckless spending. The economy was already recovering from coronavirus lockdowns by the time Biden was sworn into office. All he had to...
why dont we hear you complaining about this abuse of power, and adding to the deficit @530RL ?
94Nautique
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Why patriotism and hope in America are collapsing - Washington Examiner
Beltway Confidential Why patriotism and hope in America are collapsing By Hugo Gurdon, Editor-in-Chief March 28, 2023 03:03 PM Twitter LinkedIn Facebook Email Print Beltway Confidential Why patriotism and hope in America are collapsing By Hugo Gurdon, Editor-in-Chief March 28, 2023 03:03 PM...
www.washingtonexaminer.com
holy shit, this is some really troubling data coming from this WSJ poll.
