Posted on 01/15/2024 9:12:01 AM PST by ChicagoConservative27
The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed.
The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss.
The losses occurred because the money the Fed pays banks for reserves held at the central bank exceeded the interest earned on the mortgage bonds it holds. The Fed has been raising the interest rate paid on reserves alongside the hikes on the benchmark federal funds rate to stem the worst inflation in forty years.
(Excerpt) Read more at breitbart.com ...
Not all of them, just the $4.75 trillion they hold.
It is Federal and currently holds over $7.7 trillion in reserves.
Re: 22 - The poster you responded to has been predicting since at least early 2021 that the US is going to a new “Quantum Financial System”. And then late 2021 it was going to happen. Then 2022. 2023. Now, sometime in 2024.
The poster’s accuracy is poor.
Its a private bank that prints money out of thin air and then lends it to the US Treasury at interest.
Solved by the largest Money Print ever?
It's part of the US government. It returns all its profit to the US Treasury. Lately, because it holds MBS, that profit has been larger than all the interest it receives from their US Treasury security holdings.
Well, its going away this year so we won’t have to argue about it anymore. Say hello to the gold backed QFS. 😏
What month?
Say hello to the gold backed QFS.
What's that? It sounds stupid.
good one, LOL
Wait’ll college loans get canceled.
THEN watch the fur fly!!
“sounds stupid”
Tell that to Trump. 😆
Don’t forget HTM Bonds. Wonder how many the Fed is holding?
So, what is it? What does it do?
Re: 28 “What’s that? It sounds stupid.”
The poster you responded to is the Jim Kramer of FR. Whatever “she” says is going to happen - doesn’t. She claimed that theb QFS was going to happen in the early 2021. She’s been digging a hole ever since.
I’ve posted the QFS stuff numerous times. Either go look it up or just wait until Trump announces it. Either way it doesn’t matter whether you think its stupid its coming.
If you can't explain what it is, I understand.
Now, back to your claim that the Fed is ending. What month?
I'd like to know when I can officially mock your failed prediction.
Thanks!!!
I remember when Kramer recommended Refco, just before they imploded because of a years long accounting fraud.
Again just go look it up on your own instead of trying to mock me about it. Go mock Donald Trump who’s going to put us on the new system. What do you think he’s talking about when he mentions the gold backed system?
Here’s the difference between you and me. You’re sitting around with your thumb in your ear singing la Dee da. I’m positioning myself to take full advantage of the new monetary system. If you think we’re going to continue on with the Federal Reserve you’re delusional. Its not happening.
When did Trump say he was going to put us on it?
I'm positioning myself to take full advantage of the new monetary system.
How are you positioning yourself? Buying gold? How will that help you? Any specifics?
What if the new system never happens?
If you think we're going to continue on with the Federal Reserve you're delusional. Its not happening.
Cool. So what is the end date of the Fed?
The day Trump takes office? Sooner?
Like I said you’re going to sit around with your finger in your ear and then when we switch over to the new system you’ll be whining about why didn’t anybody warn me?
Mocking me about it isn’t going to stop the new monetary system from being implemented. You’re a low info guy. Not my problem. 😏
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