the NYFed is operating on $12B in capital and in the hole itself ~$135B today
this is all that the largest owners of the NYFed (the primary dealers mostly), would be held accountable for, if they failed, lol, you would think the FBI would give a fuck about this, since the NYFed claims to have almost $10T in assets

Thread from Feb 6th 2025 194 posts
https://archive.4plebs.org/pol/thread/496654194

200 post thread from Nov 10 2024
https://archive.4plebs.org/pol/thread/487963430/#q487963430

the great irony here, is the more cash the public uses, the more it forces the Fed franchises to hold the interest-free fiat as liabilities (aka CIC cash in circulation) and thus, making US taxpayers’ dollars less available to be spent paying out the liabilities of IORB to primary dealers and interest on reverse repo transactions to MMFs

USE FUCKING CASH IF YOU LOVE YOUR COUNTRY, NO MATTER WHAT COUNTRY YOU ARE IN

A NATION'S FIAT IS THE POWER OF THE PEOPLE IN THEIR OWN FUCKING HANDS
and this is why the Fed seeks to even abolish paper Federal Reserve Notes, b/c fiat paper mostly SERVES THE FUCKING CITIZEN:

fiat is the common national bond and cooperation of the value of one's labor
if this fiat is issued by a private, debt-based central bank, then the central bank profits from the labor, not the treasury
pic rel is important which is why i post it twice

First:
US Gold Notes and US Silver Notes are interest-free, metals-backed, NON-fiat notes that could be issued by the US Treasury TODAY.
US Notes are interest-free, fiat notes that could be issued by the US Treasury TODAY, they can also be metals-backed and were intended to be used as a tool for the citizens to trade.
Federal Reserve Notes are DEBT-BASED, fiat notes issued out of thin air by the privately-incorporated, now-BANKRUPT Federal Reserve 12 regional franchises and are currently bankrupting the US Treasury.

All of the above are ALL DENOMINATED IN US DOLLARS (aka $US), which is a fucking UNIT.

And secondly, there are FOUR ways currency is created in the US:
1 Congressionally-approved Public Issues treasuries for deficit spending via the issuance of marketable US treasuries sold by the NYFed’s primary dealers aka Debt Held by the Public (now ~$35 T)
2 Intragovernmental Debt GAS securities (aka ‘Unfunded Liabilities’) that are created/issued for currency to run public agencies (over $152 T now) and ARE PURCHASED WITH YOUR PAYROLL TAXES
3 The commercial tier 2 depository banking sector, it makes small loans in which only the interest remains in the banking system after the loan is paid back (the principal and repayments are destroyed when the loan is repaid) —this can remain when the Fed is dissolved
4 QE, this is fucking counterfeiting by the now-insolvent NYFed's primary dealers since 2008 via IOER (now called IORB) and we pay all sorts of interest on this, increasing every day with raising rates PIC FUCKING RELATED

>>507579943
>e of) the Fed being "bankrupt"
they are insolvent and only paying themselves, specifically the failures and the frauds of 2008
again see pic rel
i got two threads coming on this and they are not pretty

Thread from Feb 6th 2025 194 posts
https://archive.4plebs.org/pol/thread/496654194

200 post thread from Nov 10 2024
https://archive.4plebs.org/pol/thread/487963430/#q487963430

the great irony here, is the more cash the public uses, the more it forces the Fed franchises to hold the interest-free fiat as liabilities (aka CIC cash in circulation) and thus, making US taxpayers’ dollars less available to be spent paying out the liabilities of IORB to primary dealers and interest on reverse repo transactions to MMFs

the fed is really $2T in the fucking hole if you use GAAP

>>507348569
>just switch back to paper.
just like currency, paper currency serves THE CITIZENS, as seen here >>507343374

the great irony here, is the more cash the public uses, the more it forces the Fed franchises to hold the interest-free fiat as liabilities (aka CIC cash in circulation) and thus, making US taxpayers’ dollars less available to be spent paying out the liabilities of IORB to primary dealers and interest on reverse repo transactions to MMFs

'fiat' isn't the problem
WHO IS ISSUING the 'fiat' IS THE PROBLEM and that the Fed's private fiat IS INTEREST-BEARING is the fucking problem

FIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCE

FIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT

Fiat is given value BY A NATION'S CITIZENS.
If the nation's treasury is the one issuing it, fiat is not a problem.

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.