While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” the Bureau of the Public Debt reports that it has rolled over (redeemed and resold) 643,000,000,000 “dollars” in short-term Federal debt in the month just concluded.
[added 3/13/2022] Thanks to Freedom’s Phoenix for this entry.
The Federal Deposit Insurance Corporation seizes eight commercial banks, at a cost of 7,400,000,000 “dollars.” This leaves Deposit Insurance Fund with a negative balance of 23,000,000,000 “dollars” that are supposed to insure 5,300,000,000,000 “dollars worth of commercial bank deposits.
[added 3/13/2022] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Losses in one day–Hard to hear the CRE collapse with investment banks finally being called out in the court of public opinion. $3 trillion CRE market will keep Fridays busy for the FDIC.
www.mybudget360.com/commercial-real-estate-3-trillion-dollar-market-fdic-cre-loan-problems/
The Ultimate Ponzi Scheme–FDIC is Backing $5.3 Trillion through the Deposit Insurance Fund that now has a Balance of -$20.8 Billion. FDIC has Cash and Marketable Securities of $66 Billion. Is that Really Enough to Back Every Account for $250,000
www.mybudget360.com/the-ultimate-ponzi-scheme-fdic-is-backing-5-3-trillion-through-the-deposit-insurance-fund-that-now-has-a-balance-of-20-8-billion-fdic-has-cash-and-marketable-securities-of-66-billion-is-that/
Treasury Redeems A Gargantuan $643 Billion In Treasuries In April | zero hedge
www.zerohedge.com/article/treasury-redeems-gargantuan-643-billion-treasuries-april
Bank Of America Sees Material Deterioration In Budget Deficit Estimates, Worried About Fiscal Tightening Post Mid-Terms zero hedge
www.zerohedge.com/article/bank-america-sees-material-deterioration-budget-deficit-estimates-worried-about-fiscal-tight
Current U.s. National Debt:
