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re: Can anyone explain to me why the entire world banking system

Posted on 11/21/22 at 5:07 pm to
Posted by LSURussian
Member since Feb 2005
130943 posts
Posted on 11/21/22 at 5:07 pm to
quote:

predicts interest rates to the Federal Reserve
Res Ipsa Loquitur...
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
16038 posts
Posted on 11/21/22 at 5:09 pm to
Khazarian Mafia
Posted by Reservoir Ag
Member since Dec 2020
3572 posts
Posted on 11/21/22 at 5:34 pm to
Thanks for catching my typo… now get me some coffee
Posted by Big Scrub TX
Member since Dec 2013
36952 posts
Posted on 11/21/22 at 5:55 pm to
quote:

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
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.

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
Posted by Dirtyboro
Member since Jul 2014
717 posts
Posted on 11/21/22 at 5:57 pm to
It would be less fragile if dipshit Gensler would enforce a single fricking trade law. I swear, of all Biden’s failures Gensler has to be the pinnacle of the shite show
Posted by Bayoutigre
29.9N 92.1W
Member since Feb 2007
5868 posts
Posted on 11/21/22 at 6:35 pm to
by now we all know the federal reserve is privately owned by groups of banks, they use fractional reserve,or fiat money.money that is backed by nothing.if a bank has a million in deposits it is allowed to loan out 10 million or more,the difference comes out of thin air
Posted by TheRoarRestoredInBR
Member since Dec 2004
30870 posts
Posted on 11/21/22 at 7:03 pm to
It is.

Go listen to Robert Kiyosaki, George Gammon, Jim Rodgers, Peter Schiff,etc..

Hell, even Ray Dalio sorta says it without quite saying it..if you read between the lines.
Posted by IceTiger
Really hot place
Member since Oct 2007
26584 posts
Posted on 11/21/22 at 7:06 pm to
quote:

near the US Canadian border in probably Minnesota somewhere


N Montana is a stronger place...js
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