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To: reluctantwarrior
So we've paid the Fed 339 times the 1913 money supply (1.06100)to the Fed? Do you have any references to back up that 6% number?
2 posted on 03/20/2013 12:29:43 PM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: KarlInOhio

The charter and organization of each Federal Reserve Bank is established by law and cannot be altered by the member banks. Member banks, do however, elect six of the nine members of the Federal Reserve Banks’ boards of directors.[32][76] From the profits of the Regional Bank of which it is a member, a member bank receives a dividend equal to 6% of their purchased stock.[18] The remainder of the regional Federal Reserve Banks’ profits is given over to the United States Treasury Department. In 2009, the Federal Reserve Banks distributed $1.4 billion in dividends to member banks and returned $47 billion to the U.S. Treasury

Federal reserve citation on wikipedia


4 posted on 03/20/2013 12:38:43 PM PDT by reluctantwarrior (Strength and Honor, just call me Buzz.kill for short......)
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To: KarlInOhio
It's. 3.21% a year according to the following site.

CPI calculator

Not sure I trust the goverment's measure so to double check that...historical food prices

Cost of bread in 1914. $0.063. Cost today $2.00 Bread Inflation 0.035%

Cost of Sirloin Steak in 1914. $0.259/lb Cost of sirloin steak today. $5.99/lb (Kroger current ad) Steak Inflation 0.032%%

15 posted on 03/20/2013 2:36:26 PM PDT by DannyTN
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