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.

>>513535192
The NYFed is clearly prioritizing enriching its private owner banks over the citizens having a currency

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?

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.
picrel kupiec jan 2024 paper

the NYFed is a private corporation
it has a .org site lol

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.

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.

>>508993469
>>508993658
>>508993717
>>508993766
>>508993811
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.

>>508954438
>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.