Posted on 04/11/2022 10:31:10 AM PDT by C210N
I don’t think you have an accurate grasp on how it works.
The US treasury could print more money whenever they need it, without a using the Fed at all. Of course printing more money has an inflationary effect, which happens no matter who prints it, and is what we are seeing right now. By outsourcing that to the Fed, we also have to pay interest on that money because we have added debt.
When the government needs a trillion dollars, the Fed in reality doesn’t have it sitting in a vault or even in a ledger. They create it out of thin air or print some up. Whatever it is, the US government then has to pay it back, with interest. That’s what becomes the national debt. The government doesn’t MAKE money on the deal. Sure, the Fed give some of it back, but they make a tidy profit as well. It’s an evil concept that has enslaved us all.
“Sure, the Fed give some of it back, but they make a tidy profit as well. “
You don’t have a grasp how it works. The profit you mention above goes straight to the US Treasury, ALL OF IT, PERIOD. The FED does not keep any.
Nothings excluded dumbass. You just don’t have the ability to read a simple graph. (hint, the data doesn’t end at 2018) It actually reflects data up to 2022 but I wouldn’t expect you to understand that since it wasn’t spoon feed for you. Who wipes your mouth when you drool?
Go look at the page itself Einstein. you might have to hit a few tabs to get to the correct graph for the 25 year look. It may be too difficult for you.
https://www.ceicdata.com/en/indicator/russia/gold-reserves
Also concerning your Russian Gold Sell off. if you sell and buy some thing in the same period and end up having the same amount of money in your pocket as to when you began, did you A lose money, B gain money or C neither gained or lost money? I don’t think you quite understand economics as you claim to...
“It actually reflects data up to 2022 “
Measure the period between each 2 year marker on your chart. Then add that width to the 2018 marker. Your chart shows only data to the end of 2019. 2020 and 2021 ARE NOT SHOWN. You really are dumber than a box of rocks to make the lie above.
The title above that web page chart says “View Russia’s Gold Reserves from Dec 1993 to Jan 2022 in the chart:”.
BUT THAT IS NOT THE DATA THE CHART SHOWS. The chart date fields show February 1,2021 and January 1,2022 but when you click on the 1 yr or 5 yr or YOUR 10 yr chart posted above, those dates are ignored.
Click the 1Y button. The last monthly bar is labeled Sep 19. That means the data ends at SEPTEMBER 2019.
Click on the 5 yr, the last label is Jul 19. That is July 2019.
Change the dates which to show from February 1,2010 and January 1, 2012. Guess what? The 1yr, 5y, 10y buttons ignore those dates and show data ending in 2019.
A person with even the most basic experience looking at charts would have realized the data didn’t match the header date fields. THAT WAS NOT YOU.
“ The FED does not keep any.”
Wrong
Ignorance or lie? I can’t tell, but that’s wrong.
I can post a hundred links like this refuting you.
“The question that arises is what the Fed does with its profits.
Each year, the Fed remits to the US Treasury its net income, and thus provides the federal government with an important source of funding. “
https://mises.org/library/cozy-relationship-between-treasury-and-fed
Dr. David Howden is Chair of the Department of Business and Economics, and professor of economics, at Saint Louis University at its Madrid campus. A Fellow of the Mises Institute, he is the author of over 50 scholarly articles and books. His research focuses on the business cycle and fractional-reserve banking.
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