by Simon Black, Sovereign Man:
The Federal Reserve– the most critically important central bank in the world– is completely, hopelessly insolvent.
This isn’t some wild conspiracy theory or overly dramatic interpretation of the facts; we’re extremely data-focused in this organization and base our conclusions on indisputable, open-source figures.
And the facts in this case are crystal clear: the Fed’s own financial statements show that their unrealized losses amount to over $910 billion. Given that the Fed only has $42 billion in capital, this means that America’s central bank has a net financial position of MINUS $868 billion on a mark-to-market basis.
Because some of the tunnels underneath Gaza City are dozens of meters deep, Israel may not have the specialized weapons to destroy them, making flooding the city a potentially cheaper option, a former Israeli commander told Sputnik. With parts of the city potentially below sea-level, a channel from the sea could turn Gaza into a lake.
President Nayib Bukele’s successful crackdown on MS-13 gang members has led to a dramatic reduction in the number of Salvadorans illegally crossing our southern border, the Wall Street Journal reports.
