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The Fed Is Overindebted, Isn’t It?

By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning.

Original Article: "The Fed Is Overindebted, Isn’t It?"

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Thorsten Polleit
Dr. Thorsten Polleit, Chief Economist of Degussa and macro-economic advisor to the P&R REAL VALUE fund. He is Honorary Professor at the University of Bayreuth.
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