The Bitcoin Twitter account has announced that the Federal Reserve is now officially in the process of becoming insolvent. In 2023, it is speculated that the FED will report its first annual operational deficit, which is expected to be $80 billion.
The @federalreserve is technically bankrupt.
In 2023 the Fed will post its first annual operating loss of $80 billion since 1915 and will have a negative capital of $38B.
This loss does not count the $1.3 trillion unrealized loss on its portfolio. pic.twitter.com/DMYFhXGx59
— Bitcoin (@Bitcoin) March 14, 2023
A yearly operational deficit of $80 billion would be the first time this has happened since 1915. The Federal Reserve is likewise said to have negative capital of $38 billion. The Twitter account further claimed that this loss does not include the portfolio’s unrealized losses, now estimated to be $1.3 trillion.
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