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re: Can anyone explain to me why the entire world banking system
Posted on 11/21/22 at 4:36 pm to LSURussian
Posted on 11/21/22 at 4:36 pm to LSURussian
You can argue with the finance folks at the Washington Post.
They say, “The interest numbers keep growing and growing. For fiscal 2024, we’re looking at a $719 billion interest cost if you include my $194 billion estimate for higher rates.”
[quote]LINK ]
They say, “The interest numbers keep growing and growing. For fiscal 2024, we’re looking at a $719 billion interest cost if you include my $194 billion estimate for higher rates.”
[quote]LINK ]
1
Posted on 11/21/22 at 4:54 pm to Reservoir Ag
quote:Apparently your financial issues reading comprehension is comparable to your "how to post a link" ability.
Reservoir Ag
The Federal Reserve buys U.S. government securities as part of its congressionally-mandated monetary policy implementation duties and, as with any owner of government securities, earns interest on those holdings.
The Fed is mandated, by law, to return all surplus earnings to the U.S. Treasury annually. For fiscal year 2021, the Fed returned $107.4 billion to the Treasury in January of this year.
Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2021
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