The Federal Reserve just declared itself insolvent

They didn’t come out and say that, but numbers don’t lie. Allow me to make it clearer. Let’s look in the “Federal Reserve Banks Combined Quarterly Financial Report for September 30, 2018” :

Page 3:

                    2018 Total Capital:                                                                                      $39,101,000

Page 7:

                   Open Market Account portfolio holdings, cum unrealized gains:   -$66,453,000

The first is how much they have, and the second is the value of their issued securities. Notice how the latter is very negative and bigger than the first.

Their member banks are not in much better shape. The FDIC reserve ratio is a whopping 1.35% for 2018.  Yet, that’s on their planned recovery from 2018.  Good plan.

What’s all this mean? The US banking system is a shell game. There is an alternative. Say it with me:  Privatized Banking.