The Next Nail in the Federal Reserve's Coffin

ProfLogic · Jul 13, 2009

Quote from Tresor:

Hi ProfLogic,

You could ask three questions on my behalf:

1. Which of the 12 regional FEDs prints the money? I wasn't able to figure this out. It is my guess that the regional FED that prints the money has bigger benefits over the remaining 11 regional FEDs. And so are bigger benefits of the owners of this particular printing FED.

2. What is the legal nature of regional FEDs: a joint stock company / limited liability company / other legal form?

3. The solvency ratio minimum (equity / total liabilities) in European banks is 7% by law. Any bank that has lower solvency ratio is automatically declared unstable and is obliged to search for help. Solvency ratio is one of the most crucial indicators to assess the creditworthiness of any company, e.g. trading company whose solvency ratio is below 10% is considered unstable, any production company whose solvency ratio is below 25% - 30% is considered unstable.

Guess what? I checked NY FED financial statements and this bank's solvency ratio is 2.66%. Any bank with such low solvency would have been declared a bankrupt in any third world country.

And the question you might ask is: are there any plans to increase the FED solvency through either (i) lowering the balance or (ii) increasing capital or (iii) both.

Regards
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I don't know the printing region or the entity but I was aware of Europe stability rate.
Step one, audit with an end game plan.

ProfLogic · Jul 13, 2009

Quote from NKNY:

I would agree... this should be all over the news... and yet they feed us MJ, all day...
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I couldn't agree more. I've emailed my reps again.

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The Next Nail in the Federal Reserve's Coffin

ProfLogic

ProfLogic