Article Image
News Link • Economy - International

More on the Belgium Treasury Purchase


In response to our account of the mysterious large rise in Belgiums Treasury purchases , it was suggested that the transaction would show up on the Feds balance sheet. However, the Fed is under no obligation to show the transaction. The $141.2 billion in Treasuries purchased into the Belgium account represents 3.2% of the total current size of the Feds balance sheet. The Fed is a private corporation and is therefore not beholden to GAAP accounting standards. However even with GAAP standards applied, a corporation does not have to itemize and disclose the details of any event that represents less than 5% of its assets. In other words, the Fed can easily bury a 3% transaction in its financial statements.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: