Behind closed doors, the report is already making the rounds in expert circles: if you follow the rules of sound commercial accounting, the United States Federal Reserve (Fed) has lost its equity and is, as common language would have it, bankrupt. What happened?

During spring 2020 (i.e., in a period of extremely low interest rates), the Fed purchased large amounts of government bonds and mortgage bonds to support the economy and financial markets during the covid crisis.

The Argentine peso has lost half its value in one year. Both the official and parallel exchange rates with the US dollar and the Mexican peso have doubled in one year. Consumer prices have doubled in one year. The quantity of Argentine pesos has doubled in one year. All the rates at which these variables are increasing have also doubled in one year. Expecting everything to double again in half a year is now a conservative projection.

After the hate crime against Christians perpetrated by a transgender shooter in Nashville in March 2023, there was the usual outcry to ban firearms.

The US Department of Energy has recently announced two new rules banning the manufacture of incandescent light bulbs starting in July, 2023, and phasing in standards across industries over the following months.

January 27th of this year marked fifty years since the draft was officially suspended in the United States. And while young American men are still forced to register with the Selective Service, we have been fortunate to go without a draft for half a century, despite Washington’s hyper-aggressive foreign policy.

That amount of time can make things feel distant. And even though the program is all set to fire right back up with a word from the president, there’s a sense that the draft is an issue from a different era.

Brain-dead Biden and his gang of neocon controllers want to “green” the economy. They use the phony “climate change” hoax, aka “global warming,” as the excuse to do this. Their plans will destroy America’s economy, which is dependent on fossil fuels. They talk a lot about helping the poor and arouse people to hate the rich. But destroying our country’s economy won’t help the poor.

The notes to the Fed’s Financial Statements read like a disclaimer at the end of an Rx drug commercial. However, a financial statement review would not be complete without a look at the fine print. The question is: How bad is it?

Never mind the $16 billion dollar loss that was capitalized, let’s start with the $1.2 trillion dollar loss that never happened, as Page 43 explains: