Take a Look at What They Buried in This Obscure Report
April 21, 2015
Imagine having a net worth of $57 billion.
That sounds like a lot. And for the few folks out there like Bill Gates, Warren Buffett, and Vladimir Putin who have racked up such a prodigious amount, it is a lot.
But not if you’re the US Federal Reserve.
Just like how individual people can calculate their ‘net worth’ by adding up all of their assets (cash, property, and investments) and subtracting liabilities (loans, credit card debt, etc.), the Fed has a net worth as well.
But for the Fed, its $57 billion net worth only constitutes about 1.28% of its massive $4.5 trillion balance sheet.
(In direct figures, the Fed has $4.485 trillion in assets, but a whopping $4.428 trillion in liabilities, leaving only $57 billion, or about 1.28%.)
This means that if the value of the Fed’s assets drops by more than 1.28%, the Fed will be bankrupt.
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