Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Partisan Gunslinger

You’re confused, again. You said the banks had a sweet gig. Because they get to sell their 3% bonds to the Fed, for cash earning 0.25%.


90 posted on 01/04/2014 4:07:12 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 89 | View Replies ]


To: Toddsterpatriot
You’re confused, again. You said the banks had a sweet gig. Because they get to sell their 3% bonds to the Fed, for cash earning 0.25%.

Thery have a sweet gig because they buy currency at manufacturing cost which is about $.08 per bill and then loan that out and buy debt instruments which beat inflation, plus they have a 3% target for inflation which means they make more money every year.

How about we try something else rather than this slavocracy.

91 posted on 01/04/2014 4:13:19 PM PST by Partisan Gunslinger
[ Post Reply | Private Reply | To 90 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson