Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance

The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American citizens could be responsible for 98% of the $6.98 trillion from the Fed’s balance sheet. Five unelected people from the New York Federal Reserve and its shareholders’ JPMorgan Chase, Citigroup, Goldman Sachs, and Morgan Stanley created trillions of dollars without permission from the American people.

Report Shows the Federal Reserve Made American Taxpayers Liable for $6.9 Trillion

The Federal Reserve, America’s megabanks, and financial incumbents do whatever they want these days and the Covid-19 pandemic is the perfect excuse for massive corporate and Wall Street bailouts. During the last few months, financial analysts from the publication Wall Street on Parade, Pam Martens and Russ Martens have been exposing the central bank’s schemes and ties to their corporate masters. A while back reported on how the Martens discovered that the economic system in America started crumbling in September, but an even newer report suggests it started as early as August 2019. On May 19, 2020, the Martens again published another scathing review of the New York Fed and shareholders putting American taxpayers “on the hook for 98% of the Fed’s $6.98 trillion balance sheet.”

The five governors of the Federal Reserve Board who created $6.98 trillion without any permission or vote from the American public. These five people and the New York Fed report to megabank shareholders such as JPMorgan Chase, Citigroup, Goldman Sachs, and Morgan Stanley. Photo credit: Pam Martens and Russ Martens.

“If the Fed and it’s rapidly growing $6.98 trillion balance sheet blows up, the U.S. taxpayer will be on the hook for 98 percent of the losses.,” the report details. “The bank…

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