Posted on 03/22/2011 9:27:07 PM PDT by Toddsterpatriot
WASHINGTON (AP) -- The Federal Reserve is paying a record $79.3 billion to the U.S. government after the central bank earned a record amount of money last year from programs aimed at boosting the economy.
The Fed says its payment to the Treasury Department for 2010 is 67 percent higher than $47.4 billion it paid in 2009, the previous record.
(Excerpt) Read more at finance.yahoo.com ...
Ping!
I think you have a bad definition.
fleecing the public of trillions
How's that?
yep...i agree...interest rates on money saved near zero...free money to the banks and they can do as they please
So Todd, you think not? These guys cook the books and invent finance schemes that would have made John Gotti look upstanding.
What?
These guys cook the books and invent finance schemes
Who cooks which books? What schemes?
Simple,the feds share their profits with the treasury of money they created from nothing along with the government.That’s called looting the public for profit.Hows that for a great ponzi scheme loop?This is the oldest game in town which started thousands of years ago.
how else can the “fed”...nothing but private banking partners that the govt has hired to print worthless money to keep interst rates way way down to screw thoase who have work hard and tried to save...forcing them into higher risky market ventures than they desire just to try and stay even...then all the “insiders” get out and leave the poor suckers hanging again...at least bernie madoff the other ponzi runner is where he should be...the fed and our “leaders” should be there as well!
Me thinks you are either clueless or work for the government.
Even Madoff knows it’s a ponzi scheme!!!
He should know, eh?
The Treasury gets all the net profits.
of money they created from nothing
US money is unbacked. Just like all world currencies.
That’s called looting the public for profit.
The Fed creates $1 billion out of thin air. How was the public looted?
Hows that for a great ponzi scheme loop?
You're confused, again.
maybe he is just a “hope and change” kinda guy...everyone has an opinion...unfortunately we have become a kinda 50% - 50% country
He will never admit it, but he is an Fed defender boy.
Check it out....
Wow, that’s two more errors. You’re on a roll!
They never had REAL money to begin with so their wealth was a total fraud.Their wealth was a FICTION which people go to jail for daily.
Also note that the fed has never been audited, so we really do not know what they do with their profits, for all we know (and they probably do) they invest in foreign markets and hoard gold and silver.
Toady is wrong, the FED is a private bank. In fact, it is the third central bank this country has had. Our founding fathers never meant for this country to have a central bank.
In fact, if it REALLY is the government, why are they fighting to keep the TRAP money from being audited?
He just likes to badger people who don’t agree with him.
When the Fed creates money, it's real.
so their wealth was a total fraud.
The Fed doesn't have any wealth, they turn over their earnings to the US Treasury, every year.
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