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  • Rand Paul: The Fed "enriching" foreign banks

    06/17/2025 11:39:37 AM PDT · by RandFan · 16 replies
    X ^ | June 17 | Sen. Rand Paul
    @RandPaul Congress spends $2 trillion more than its revenues, the Fed then buys this debt. Congress then pays the Fed interest. The Fed then pays interest to big banks to keep cash reserves. This is how govt makes the rich richer. But it gets worse. According economist Judy Shelton: “44% of the more the Fed currently [pays to the big banks] goes to foreign banks.” So, as Congress drags our country into bankruptcy, the FED enriches rich foreign banks.