Ha...and you thought I might be done with crazy financial posts! Nope not me and not with all the crazy stuff going on. I try to keep this just to stuff I really think is super important.
So READ ME:
The Insolvency of The Fed
http://mises.org/story/3281
Here is my fav little blub from the article
This figure implies an increase of the Fed's leverage from 22 to 50. As we have seen there are large new positions of dubious quality on the Federal Reserve balance sheet. More specifically, should only 2% of the Fed's assets go into default — or if there is a loss in value of 2% — the Fed becomes insolvent.
Looking for good trade...See what this article has to say about the Feds Gold Reserve...very interesting.
7 years ago
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