Karen Hudes: Debt Owed by the Central Banks 2-12-19


The Debt Owed by the Central Banks

Your questions all concern debt expressed in fractional reserve fiat currencies issued by the central bank members of the private Bank for International Settlements. But the BIS members owe over 2 quadrillion dollars from compounded interest due under Treaty of Versailles Bonds issued by the Federal Reserve Bank.

I am showing you links to two files concerning these bonds, which offset country debt: http://bit.ly/2DBHHuM…

The private central banks are insolvent when their debt of 2 quadrillion, held by the Global Debt Facility, is taken into account. I am the Overseer Mandate Trustee of the Global Debt Facility which holds the 2 quadrillion in Treaty of Versailles bonds issued in the 1930’s. It is my responsibility to address the debt owed by the central banks as well as other debt.
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