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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: TimF who wrote (130987)4/23/2012 8:23:49 PM
From: Wayners1 Recommendation  Read Replies (1) of 224890
 
In normal circumstances, there is no reason or means to make a claim against the asset side of the balance sheet of the Fed. Anybody can buy the same assets in the open market. However, in the event the Federal Reserve itself were to go bankrupt, after all they are just another bank and bank's go bust all the time, then your dollars are a real claim against whatever their assets are, but I wouldn't get too excited because there really isn't much of any real stuff on the asset side. If every dollar had to be backed by Gold right now, Gold would have to go up to $40,000 an ounce.
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