Discover and read the best of Twitter Threads about #LynAlden
Most recents (1)
"In September 2022, the Federal Reserve began operating at a loss....The Federal Reserve is now paying out more interest on its liabilities than it is earning on its assets." via @LynAldenContact 🔻
It's not the debt; it's the INTEREST. #Unsustainable
lynalden.com/broke-federal-…
It's not the debt; it's the INTEREST. #Unsustainable
lynalden.com/broke-federal-…
2/ "When the Fed/s net income is positive, the amount of money that they owe to the Treasury is listed as a liability, since they are about to hand it over as a remittance. However, by accumulating losses, this liability becomes negative. What is a negative liability? An asset!"
3/ "So, the Fed’s cumulative losses become negative liabilities, and thus are referred to as deferred assets. These deferred assets represent the total amount of money that the Fed gets to pay themselves back if they ever become profitable again."
