Rafi Farber: The Fed is $1 125 Trillion in the Red And Silver Makes a U Turn

The Federal Reserve has “earnings”? Yes, it does, and the issuer of the US Dollar itself is in the red, year to date, to the tune of $1.125 trillion. Here’s what that means for silver, and gold too. As for other dying megabanks, there’s Credit Suisse, stuffed with over $17 trillion of derivatives and currently suffering the worst bank run in its history.

Financial crisis, anyone? Sounds super, assuming you have your metals stacked and ready.

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