James Turk Warns The Federal Reserve Is Already Insolvent

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James Turk Warns The Federal Reserve Is Already Insolvent

Today James Turk told stunned King World News when he warned, “… the Federal Reserve is already insolvent.” Turk also stated, “Because of the intense leverage that the Federal Reserve employs, this means the mark-down on its $2.844 trillion of securities is, in reality, a staggering $57 billion loss.” Here is what Turk had to say in this extraordinary interview: “There was an interesting article in The Telegraph here in London over the weekend, Eric. It highlighted a study just released by former a Federal Reserve governor that examined the Fed’s solvency.”

“As The Telegraph explains, “The Federal Reserve is acutely vulnerable because it has stretched the average maturity of its bond holdings to 11 years, and the longer the date,
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