>>511373251
>The 12 Fed franchises are now bankrupt and don't have enough collateral to request more fiat.
pic definitely fucking related

>>510711357
>The 12 Fed franchises are now bankrupt and don't have enough collateral to request more fiat.
<<<----lol the Fed failures had ONE FUCKING JOB

and now they're fucking broke and can't even print or REQUEST fucking fiat
lol

>>508953889
>they want digital not paper
i do know this and this is b/c the NYFed has failed so incredibly in its mission that the fucking big banks can't even afford to request more fucking fiat
AND
the 12 bankrupt Fed regional franchises are also so fucking broke they can't request more fiat from the board of governors lolololol
PIC DEFINITELY FUCKING RELATED

The now-bankrupt Federal Reserve franchise collateralizes their worthless Federal Reserve Notes with US treasuries (aka securities).
The 12 Fed franchises are now bankrupt and don't have enough collateral to request more fiat. It is being suggested now to take regional Fed shareholder capital or even regional Fed owner’s assets to back their worthless Federal Reserve Notes under Section 2 of the Federal Reserve Act.

Every uncollateralized Federal Reserve Note being issued today is a lien on the assets (and shareholder capital) of the now-bankrupt NYFed's owners, including its largest owner, JPM.
How is JPM making record profits when the NYFed's private franchise ITSELF is ~$130B in the hole?
Why is JPM still being paid dividends when the NYFed is insolvent?

When money replaces actual success, only the sleazy will be rich.