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You do realize that FED transfers it's profits to US Treasury to the tune of 100 billion dollars per year?
by qaq 7y ago
You do realize that FED transfers it's profits to US Treasury to the tune of 100 billion dollars per year?
- erikpukinskis 7y agoCorrect, the fed funnels money away from savings accounts to the Treasury, exporters, and banks.
- kebman 7y agoBut unlike just about all public agencies, stock holders get to keep a fair amount too. Not to mention that a great deal of tax money goes towards servicing interest on loans. On top of that; well, let's not mince words: "Quantitative easing" is essentially theft.