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k98killer
Mark Moss
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Comments by "k98killer" (@k98killer) on "$750 Billion Set to Surge into Markets: The Fed's Next Move Explained!" video.
Solid video and good analysis. Very approachable summary to some nuanced issues. I wonder if it is time to re-examine the Fed's accumulated losses now that they are well in excess of twice their capital and represent a greater than 2% impairment on their liabilities. What do you think?
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I think that "extraordinary measures" typically means withholding payments for contractors and employees to prioritize debt payments after the TGA drains down past a certain level.
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The federal government gets a lot of taxes paid on a quarterly basis. For large enough entities, the fee for not making quarterly pre-payments that meet their year-end income tax liability can be sizeable, though for small entities it is generally not that big a deal. Also, tax return extensions are due September 15th for corporate and October 15th for personal; any procrastinators will have to deal with those shortly, and often that involves paying more money to Uncle Sam so he doesn't break your knees.
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