Federal Reserve is in ‘deep trouble’ over 'disaster' balance sheet: Dick Bove

I think that people have got to start looking at the Federal Reserve balance sheet because if the Federal Reserve was a private bank, then you looked at that balance sheet, you would say this company is insolvent.

The reason why you would say that is because the Federal Reserve’s source of money -- which comes from printing, it comes from collecting money from the banks, you know, in reserves, comes from a couple of other places -- is in deep trouble. If you would look at that balance sheet, you would realize that more than 100 percent of the increase in the Federal Reserve balance sheet, in the last 12 months, has come from borrowing money in the reverse repo market.

USA Deaths-------Cases 877,240------68,767,004 from the Trump Virus CA--78,263----7,007,034 TX--77,733-----5,689,167 FL--63,455----5,201,030 NY--62,869----4,699,690 PA--38,655----2,487,925 IL---32,851-----2,682,983 GA--32,030----2,160,549 OH--31,245-----2,418,722

Simple fix. Audit and go back to gold standard.

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Blah blah blah, heard this all too many times. Market likes low interest rates, market likes high interest rates, market likes QE, market likes QT.

BankXRP Sure print 70 trillion no one's gonna notice

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