Posted on 01/12/2016 8:49:57 AM PST by Citizen Zed
WASHINGTON - The Federal Reserve handed over a record $97.7 billion in profits to the Treasury Department in 2015, according to preliminary figures released Monday.
(Excerpt) Read more at wsj.com ...
97.7 billion...and it was squandered before the check was even written.
Thought profit was bad....
you didn’t make that...
KYPD
Such ridiculous kabuki theater. Print up money. “Lend” it to the government. Collect “interest” which then gets remitted to the government as “profit”.
Not a penny of actual economic value in the entire cycle.
Can someone explain “profit”? Because our debt has increased by more than that.
Only 97 Billion. The Fed creates ‘money’ out of thin air, and charges the United States interest for the privilege. I think the interest in 2015 was about 200+ Billion. Where did the rest go? I’m surprised, but glad to hear, they paid anything back.
The way the money system “works” is so insane it took me years to believe it.
If you want proof of conspiracies start looking deep into the Federal Reserve.
Ze _Reserve_ profits are much more than interest on loans. They don’t have the principal which they _loan_ to begin with; they _earn_ the principal which is more than the interest, plus interest.
So profits are: total loans - loss on loans + interest paid on.
It would be very cool if someone could come up with some rough estimates of _Reserve_ and primary banks which are part of the system, accounting. Here’s my _completely_ unsubstantiated estimates/guess-stimates:
_Reserve_ 2016
Total assets $1 Trillion
Loans in flight $30 Trillion
Loan principal paid $2 Trillion
Loan interest paid $500 Billion
Loan defaults -$300 Billion
Correction: my fabricated numbers would be for 2015...
Wish I could come up with some smart a$$ remark, but sadly your numbers may be off a billion here, a trillion there, and pretty soon your talking about some serious money.
I'm just waiting for someone to call America's bluff, and say Thanks, but no thanks for Federal Reserve Note(s,) GOLD will do.
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