The Alligator People! The Fed Is Reporting Billions in Losses Weekly And Still Paying High Interest Income To The Mega Banks on Wall Street (As Biden Recklessly Transfers Student Loans To Taxpayers)

Joe Biden, his Administration, and The Federal Reserve are really “The Alligator People.” Despite what they tell you, they have small brains (particularly Biden) and are hyperfocused on spending.

A good example comes from “Wall Street On Parade” where they show that The Federal Reserve is still paying BILLIONS to US Treasury in the form of remittances (losses). While at the same time, paying the mega banks on Wall Street high interest loans.

As of April 3 of this year, the Federal Reserve (Fed) has racked up $161 billion in accumulated losses. We’re not talking about unrealized losses on the underwater debt securities the Fed holds on its balance sheet, which it does not mark to market. We’re talking about real cash losses it is experiencing from earning approximately 2 percent interest on the $6.97 trillion of debt securities it holds on its balance sheet from its Quantitative Easing (QE) operations while it continues to pay out 5.4 percent interest to the mega banks on Wall Street (and other Fed member banks) for the reserves they hold with the Fed; 5.3 percent interest it pays on reverse repo operations with the Fed; and a whopping 6 percent dividend to member shareholder banks with assets of $10 billion or less and the lesser of 6 percent or the yield on the 10-year Treasury note at the most recent auction prior to the dividend payment to banks with assets larger than $10 billion. (This morning the 10-year Treasury is yielding 4.41 percent.)

As of March 13 of this year, the Fed’s accumulated losses stood at $156.24 billion and yet on March 20 the Federal Reserve voted to sustain those high 5+ percent interest rates to its member banks

"Debt Forgiveness" is a form of spending, and all spending is supposed to originate in the House Of Representatives.

Is that a stretch? No, it's right there in the Constitution, right next to the first appearance of the word "privacy", and just before the notion that the 14th amendment allows for anchor babies.

I’ve said before “isn’t the ‘money printing’ spoken of actually borrowing by the government which has to eventually be paid off?”

Now I think the answer is that as existing debt comes due, it is paid off by new borrowing. So the total debt and interest payments increase over time. I don’t know how it will end — maybe never, maybe we’ll default on some of the debt.

Seems to me the FED does not know what it is doing. See below link.

Comment I came across: So when Trump takes out a loan and pays it back with interest and the lenders support and testify in favor of him and want to continue to do business with him, it is a crime.

But when you take out a student loan and you do not pay it back and Biden forgives the loan even when the Supreme Court said NO he can’t, he steals money from the taxpayers and it is not a crime?...

My comment: Then there are the secret docs Biden has stolen according to the Hur report that go back as much as 50 years but Hur said Biden is to feeble and demented to be tried....
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Here is a reason why the economy is where it is.
The FED has also been run by people who have never worked but who have always “studied”.
That is why when one speaks they speak in gibberish so they cannot be pinned down.
The one below is a diversity hire. Not qualified at all. I wonder what the democrat party really wants her to do in her position.

Luke Rosiak
@lukerosiak
Joe Biden appointed to a 15-year term on the fed an “economist” who had never published a peer-reviewed paper on economics. And the papers she did publish (on race), it turns out, at times plagiarized and often recycled language from co-authors’ old work.
https://twitter.com/lukerosiak/status/1778078732965556363

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