OohPooPahDoo
Gold Member
- Thread starter
- #101
Face it....You have neither common sense nor any fucking idea what you're babbling about.
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Please enlighten us as to how the profits of the Fed can pay off the debt when the Fed makes less money per year than the U.S. rings up in deficit.
it would appear to violate basic arithmetic, so please, explain (I know you can't, but I'm asking anyway).
How in the blue fucking hell can anyone really know what the Fed profits when we can't even get a decent audit out of their asses? We got a half assed one and apparently they've gone berzerk backstopping over $10 trillion in bad paper.
The assets of the Fed are public information. You can't find the balance sheet here:
FRB: Fed's balance sheet - Credit and Liquidity Programs and the Balance Sheet
We know their assets, we know the income from the assets, so we know their income.
Its not nearly enough to cover the deficit.