does anyone? I think most followers of this blog site understand that the fed is a privately run organization mandated by the US gov't to manage monetary policy (money) for the country. All liabilities taken on behalf of the American people by the fed are the sole responsibility of the American people and they alone are legally liable for those liabilities.

If I understand things correctly this is my take ... perhaps someone more knowledgeable can add insight and or correct my thoughts.

The asset side of balance sheet is primarily composed of T-bills and bonds, some gold and now a major portion is in mortgaged back securities which are expressed in the nominal value of the mortgages (that is not what they will get paid, but what the mortgagee originally agreed to pay), owned or insured (to private banks) by Fannie, Freddie and Ginnie.

This implies to me that the underlying asset value of the mortgaged back securities are the houses of citizens many of which are not paying, on food stamps, un or underemployed, and whose opportunities appear to be declining.

The liabilities side is composed primarily of paper money (906 billion) and deposits (1.26 trillion) made by private and other institutions called depository institutions (banks bailed out or otherwise and insured by the public). Which not surprisingly means the banks and those holding US currency are legally entitled to the assets of the Fed.

The assets T-bills and bonds is (approx. 785 billion) and since they are issued by the Fed are also a liability, the other major assets of the Fed is the (1.103 trillion) backed by the mortgages of the citizens of the US.

In other words it seems to me that those people who have a mortgage essentially own the money to the fed and to the best of their ability will attempt to gain some of the paper currency in order to make payments so that they can become the owners of these houses not the private institution known as the Fed who currently owns them since they are assets listed on the Feds Balance sheet.

This would imply the US central banker has aquired much of the land and houses in the USA recently ... how much ... there is about 105,000,000 (105 million) homes in the US a house for every 3-4 people, they own 1,100,000,000,000 (1.1 trillion) / 105,000,000 (105 million) = 10,476 of each of those homes. The median home price is 184,000 (1/2 of houses are worth more, 1/2 worth less).

10,476/184,000 = 5.69% of each house or 105,000,000 x 5.69 = 5,978,261 houses are currently owned by the Fed in the USA. Prior to the financial collapse the Fed did not hold those mortgaged back securities on the balance sheet and hence owned 0.

HOW QUICKLY FASCISM IS TAKING HOLD!

orgy