[Vermont Lt]

And who owns the “ member banks.”

You can believe that a central bank is a wonderful thing, but the inflation brought about since the fed was founded has eroded your money by about 98 %.

It should be abolished.

[Toddsterpatriot]

And who owns the “ member banks.”

Their shareholders. Individuals and mutual funds, mostly.

but the inflation brought about since the fed was founded has eroded your money by about 98 %.

I haven't been holding cash since 1913.

So who gets the free money again? What's the rate on that free money? How much are they borrowing?

No “risk” and all NIM. Free profit.

You want to finance long term bonds with overnight loans? Which bonds would you buy?