Bill’s Commentary:
“As I posted yesterday, the Fed is both woke AND BROKE!”
The Black Swan Rears Its Head: The Fed Has Negative Capital Using GAAP Accounting
The Fed’s unprecedented experiments with years of ZIRP (Zero Interest Rate Policy) and QE (Quantitative Easing), where it bought up trillions of dollars of low-yielding U.S. Treasuries and agency Mortgage-Backed Securities (MBS) and quietly parked them on its balance sheet, are now posing a threat to the Fed’s flexibility in conducting monetary policy. (Since 2008, the Fed’s concept of conducting monetary policy has come to enshrine serial Wall Street mega bank bailouts as a regular part of its monetary policy. Large and growing cash losses at the Fed may seriously crimp such future bailouts.)
Read more here…https://wallstreetonparade.com/2024/04/the-black-swan-rears-its-head-the-fed-has-negative-capital-using-gaap-accounting/
Bill’s Commentary:
“So basically they just make this shit up? Like pretty much everything else?”
Hidden Behind Climate Policies, Data From Nonexistent Temperature Stations
The National Oceanic and Atmospheric Administration (NOAA) predicts July, August, and September will be hotter than usual. And for those who view warmer temperatures as problematic, that’s a significant cause for concern.
“Earth’s issuing a distress call,” said United Nations secretary-general António Guterres on March 19. “The latest State of the Global Climate report shows a planet on the brink.
“Fossil fuel pollution is sending climate chaos off the charts. Sirens are blaring across all major indicators: Last year saw record heat, record sea levels, and record ocean surface temperatures. … Some records aren’t just chart-topping, they’re chart-busting.”
BillHolter.com 
Thank you pamelamoves@gmail.com
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