[quote=Arraya]I told you Allan, shake up at the Fed coming;) This is huge.[/quote]
I wonder, Arraya, what other secrets will be revealed as the Greatest Unravelling begins in earnest? Think about it. There is an entire shadow government that depends on virtually limitless funds pouring into its coffers on a continuous basis to support wars, covert operations, Plunge Protection Team shenanigans, etc. Once the dollar decline begins to accelerate and the federal government can no longer sustain all of its operations, minions and their operations will begin to be shed and tossed into the cold. There is literally not enough money now to feed all the mouths that have kept quite for years to enable the massive fraud known as the U.S. economy.
And now the whistleblowing will begin…
“Fed Would Be Shut Down If It Were Audited, Expert Says”
“The Federal Reserve’s balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant’s Interest Rate Observer, told CNBC.
With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other institutions, Grant said in a live interview.
“If the Fed examiners were set upon the Fed’s own documents—unlabeled documents—to pass judgment on the Fed’s capacity to survive the difficulties it faces in credit, it would shut this institution down,” he said. “The Fed is undercapitalized in a way that Citicorp is undercapitalized.”
