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Is the Fed broke?
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
Of course. The entire Federal Reserve system, and all its member banks, is bankrupt by construction. That's what fractional-reserve banking is... "bankrupt banking".
Jer. 11:18-20. "The Kingdom of God has come upon you." -- Matthew 12:28
The Federal Reserve has always been broke.
"Perhaps one of the most important accomplishments of my administration is minding my own business."
Calvin Coolidge
No, it's not broke... but it broke the U.S.
That is, until or unless the U.S. stands up to it.
"When Sombart says: "Capitalism is born from the money-loan", I should like to add to this: Capitalism actually exists only in the money-loan;" - Theodor Fritsch
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