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In this video, I discuss how the Federal Reserve technically went bankrupt in 2023, as its tangible net equity went negative.
The Fed has sought to hide this fact by creating a fake intangible deferred asset called “Earnings remittances due to the US Treasury” which seeks to convert Fed investment losses into an asset that can be used to hide the Fed’s insolvency.
What this means in practice is that the US Treasury just lost what has been a $100 billion annual source of income for the past decade.
It is also a sign how late in the long-term debt cycle we are, where central banks themselves are blowing up.
Fortunately for us, we no longer need to hold US Treasuries or US dollars, but are now able to securely hold Bitcoin in a self-sovereign manner.
Not investment advice! Consult a financial advisor.
Swedish central bank goes bankrupt:
Federal Reserve balance sheet release dates:
https://www.federalreserve.gov/releases/h41/
Fed’s October 25, 2023 balance sheet release:
https://www.federalreserve.gov/releases/h41/20231026/
When the US Treasury stole the Fed’s gold:
https://www.federalreservehistory.org/essays/gold-reserve-act
US federal government spending by department or agency:
https://www.usaspending.gov/agency
Federal government interest payments on the debt:
https://fred.stlouisfed.org/series/A091RC1Q027SBEA
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Fed
#Bitcoin
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20 Comments
WARNING: There are a number of scammers who are using my image and
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So when moon?
When lambo?
Amazing Matt I learn more economics from this channel than from a degree in college!
Great work as always, thank you sir.
Wake up everyone. bitcoin is the life raft to the titanic (fed)
The Fed was established to manage the bankruptcy of the U.S.
Whenever I file taxes the question arises: did you buy any Bitcoin or other cryptocurrencies this year? How do you navigate that?
bbrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
Economics is fake and gay
Not being funny but those anti usury muslims were on to something.
Rates will go back to zero and bread will be 300 a loaf. Too funny.
Hi Matthew, like your video . can you do a topic regarding the following situation when bitcoin become "unit of account" ?
#Bitcoin debt could become a nightmare in a crisis. If bitcoin becomes the unit of account and there's a "flight to safety," the value of bitcoin could skyrocket, making it difficult to repay debt. what should a person do ?
Thanks for a very interesting in-depth analysis.
Present. Subscribed. Liked
Federal reserve is not federal…it is private!
Looks like the Fed needs to add Bitcoin to its balance sheet.
Hey Matthew. Let’s say BTC wasn’t in the picture and didn’t exist. What could the FED or governing bodies to then after this much damage? How would you realistically put out this fire if Bitcoin didn’t exist. Keen if you could make a video about this
Thanks!!
I've learned SO much from Matt over the past few years. What a crash course to intelligently speak about finance, economics, and Bitcoin. Thanks, Matt.
Good one 🎉
Thanks for the info, Matt!