the Fed owns more than two trillion in bonds. That’s where the bulk of that income derives from. Oh and by the way that money you cite is federal government REVENUE and thus helps offset the deficit. It’s a yield paid on bonds by the taxpayers, TO the taxpayers. A zero sum for the sake of deficit calculations.
When the Fed participates in bank lending it is through the Federal Funds market, which currently is an interest rate between 0 and 0.25%.
To imply that they pull a 6% yield on the entire money supply is just hogwash. You’re like that guy who says “I have no idea, therefore ALIENS” only it’s “I have no idea, therefore banking conspiracy”
80 percent of treasuries are now purchased by the fed 85 billion a month so how does the fed pay interest on a bond it buys with FRNs it creates digitally
when you monetize your debt your are insolvent
the expansion of the balance sheet isn’t a good thing, fractional reserve banking is our undoing but hell you’re an expert and I’m just a simple guy who must balance his budget every month but hey deficits don’t matter and debt is simply us paying ourselves. You sir are part of the problem, keep whistling past the graveyard but I am opting out of the Federal Reserve Ponzi scheme
TTFN
You’re like that guy who says “I have no idea, therefore ALIENS” only it’s “I have no idea, therefore banking conspiracy”
Ah! so you do not believe the federal reserve is a banking conspiracy?..
Since it obviously is.. you’re outted..
Obviously since there is nothing federal about the federal reserve..
They are private for profit Banks with stock shareholders and everything.. A BUSINESS..
A global international business... with one purpose, making a profit..
They could care less about the American Constitution, and don’t..
The word game “federal reserve” is a scam.. a BOONdoggle.. for theft on a massive scale..
Both partys support it.. an “Animal FArm” milking the american people like farm animals.. and butching their children..
The Federal Reserve is a parasite.. a virtual Vampire..
at the root of all the Nixons, Clintoons, Obama’s, and Kennedy’s.. and Yes.. Bush’s.. Farming the American people like sheep.. It all starts at the federal reserve but threads go through every fabric of american politics..
The federal reserve is not federal it’s GLOBAL...
Silly me.. I’m talking to SHEEP!... LoL...