I published a new macro article today: https://www.lynalden.com/broke-federal-reserve/
Since September 2022, the Fed has been operating at a financial loss. This article examines some of the ramifications of that. The main result is that money that would otherwise flow to the US Treasury now flows to US banks and money market funds instead.
Sharing it on Nostr today and Twitter tomorrow. ;)
Appreciate you Lynn. 🙏🏾
Thank you Lyn. I look forward to reading it.
congratulations!👏👏👏 So what will happen?
Nostr first 🤙
I always look forward to reading your articles, thanks Lyn!
Yooo. Its the Nostr pre-release.
Нихуя не понял, но очень интересно. Зачем так много слов, если они просто могут печатать доллары из воздуха?
Top notch, thank you! Looking forward to your next article about interest rates & inflation. Keep it up! 🙏
Excellent article again, Lyn. Thank you. 🤙 These couple of lines helped a lot of this click in my mind:
The money that used to flow to the U.S. Treasury in remittances is now instead flowing to the U.S. commercial banking system.
They are basically “paying banks not to lend”
Zap sent.
This is great! Thank you.
NOSTR for the win.
About time
Lyn is here! 👋😀
A great article. My favorite parts were the history about the Fed being forced do exchange physical gold for gold certificates during the FDR administration during the 1930s and your great quote "The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of as an Excel spreadsheet managed by the Federal Reserve. That’s all it really is."
Yoooo, #[0] is front running Twitter. 😍
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As long as the staff at the Federal Reserve gets paid, they're operating at a financial gain.
Let's hang some bankers.
very clear explanation of obfuscated financial concepts & dealings, better than Zoltans explanations, beats the Horseman analogies by many kilometers, keeup up the good work!
Bank of America has 69 billion of "goodwill".. what does that mean exactly?
This is a very informative article 🙏
looks like bitcoin is against excel sheets! 😂 what do you think is going to win at the end?
Highly recommended piece by Lyn Alden
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