The Federal Reserve, in their war on inflation (partly caused by excessive monetary stimulus since late 2008 under Nobel Laureate Ben “The Mad Money Printer” Bernanke) has led to large losses on their Treasury holdings as rates rise. The bill, of course, goes to Janet Yellen and The US Treasury. Ultimately, that burden is paid-for by US taxpayers.
Instead of “Blinded By The Light,” we are getting scalded by Biden’s policies and The Fed.
At least the top 1% made a fortune off of “Big Ben’s” printing press.
Now its time to pay the piper!