The Federal Reserve is running huge losses. Who pays for it?

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Who pays for it?

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Everyone but those that are responsible.

So did Congress ever get around to doing a 'full' audit of the Federal Reserve? There were rumors the Fed was pumping money to foreign countries. Wow! This country is leaking money like a broken main water line in NYC.

Trump 2024 - He Stands With Us

You are dreaming a fantastic dream if you think they will ever tell us how much money they actually print and where it goes. Chitty Chitty Bang Bang is more realistic than that dream.

The article you linked to the Mises website is all I need to know that this thread is bogus.

The author of that website's article has never taken an accounting course in her life.

She mentions operating losses then links to the Fed's balance sheet to prove it. The Fed's longer term bond holdings have lost market value as interest rates have risen.

That's NOT operating losses.

You're too stupid to understand you've been hoodwinked.

This is patently false and meant as a scare tactic. Earnings remittances (the amount of profit turned over to the Treasury) was $59.45 billion last year.

Yep, that's right. All the way to the bank. QE exposure has come home to roost boys.

You and I both know the Fed does not adhere to any type of established accounting rules except the ones they wish to use. Why even bother.

The Fed is a rip off and most people are paying for it.

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You and I both know the Fed does not adhere to any type of established accounting rules except the ones they wish to use.

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YOU may know that but I know that the Fed uses FASB (Financial Accounting Standards Board) as a basis for the Fed's financial reporting.

Because some financial transactions are unique to a central bank and not seen in commercial accounting settings, the Fed must adopt some unique financial reporting standards but must disclose those unique practices to the public and to Congress.

That disclosure of its accounting practices is published for anyone to see in the Fed's accounting manual, Financial Accounting Manual for Federal Reserve Banks (FAM). LINK

Congress, in its role of oversight of the Fed and in conjunction with the annual audit of the Fed by the Congressional Budget Office, can challenge the Fed's reporting practices and can require the Fed to change them or even prohibit the Fed from following those practices.

Once again, you're ignorant of the facts. At least you're consistent.

Russian, you’re a known idiot on this board! I dot. Care what argument you are trying to make on some technicality.

The FACTS are this!

1. The Fed was created to purposely bootstrap the American Tax Payers!
2. It was created by the Banking Cartel
On 1910 on Jeckyll Island & had to be renamed and lipstick on a pig In 1912 to “re-present to Congress” as it failed to pass the 1st time. It was basically like having inmates at Angola making their pwn prison rule!!!
3. Woodrow Wilson was quoted in his final days as saying & I’m paraphrasing “the gravest mistake and sin I’ve ever committed against my fellow citizens was signing the Federal Reserve Act of 1913” of which, he did it sneakily on Christmas break when Congress was on break.
4. THIS IS ONE OF MY FAVORITES
—- FOR EVERY $1 physically in deposits at FDIC banks by the citizens, the FDIC loans out $9-10 in FIAT MONEY that doesn’t Physically exist! Meaning that if 10% of all depositors decided to take out all their money at one given time, the entire system would collapse because it’s not there! If you don’t believe that, LOOK AT WHAT HAPPENED WITH COVID & there was a BANK RUN & banks put limits on withdrawal amounts per branch. It happened to me you Jackass Liberal scumbag!
—- in essence, the Fed that you are Rguing for is making interest on money that doesn’t physically exist, pure facts!
5. The same Fed that said “everyone should own a house back in the 1990’s”
And forced local banks to LOAN MONEY TO people with 400 credit scores and giving 110% financing and appraisals were loose as shite! I had a Realtor license at the time of the collapse in the late 2000’s aka “TOO BIG TO FAIL” and the BAILOUTS!
—- this same FED CREATES BUBBLES to purposely “Bail-Out” & further put the Fed aka Tax payers in debt!
6. Same Fed that is controlled by the MIC that encourages wars to print money, buy military equipment, give to territory countries “Afghanistan” and many others. OR TO declare wars and go blow some shite up aka “IRAQ” and then print more money and put Halliburton on payroll to “Country Rebuild”
6. Or Lastly, but certainly not all Of the scams it creates (too many to type & too many for your illiterate brain to underatand), but YOU MAY ASK YOURSELF “why do we print money and send to some shithole 3rd world country in Africa”???

Maybe it’s because that country has diamonds, oil and other natural resources.

And why does the warlord live like a king & the citizens live in huts and bathe in their own urine?

Because the Fed & DC are paying off the warlord, then sending in the “Globalist Contractors” and strip The resources while the FED/Taxpayers pay for it all
And then the Elitist frick all of us & the poor citizens of Africa and many others…


So, LSURUSSIAN, go frick yourself & find another board, your the idiot here! Or go do some critical thinking and research before you try to make someone look stupid due to some technicality of a report.

The FED IS THE BIGGEST CRIME to the USA & it’s not even close!