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re: Can anyone explain to me why the entire world banking system
Posted on 11/21/22 at 4:54 pm to Reservoir Ag
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
3
Posted on 11/21/22 at 4:57 pm to LSURussian
Glad to see you're alive.
Posted on 11/21/22 at 5:01 pm to LSURussian
Here’s the update link dick bag. Washington Post predicts interest payments to the Federal Reserve to exceed $710B by 2024.
Washington Post.
Washington Post.
This post was edited on 11/21/22 at 5:34 pm
Posted on 11/21/22 at 5:55 pm to LSURussian
quote:I do like to see you dismantle the Fed conspiracists on such simple points where it's hard to believe they don't understand inherently.
Apparently your financial issues reading comprehension is comparable to your "how to post a link" ability.
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
However, you should admit that if someone else typed the bolded above, you would be the first to show up to say something annoying about how the poster was ignorant because they ignored zeroes and federal reserve notes.
Ruling: you're both twats, just for different reasons.
This post was edited on 11/21/22 at 6:07 pm
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