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No, you won't profit from it. The people who profit are the member banks. Federal Reserve is an organization made up of member banks. Those banks make money off
by chatterhead 4y ago
No, you won't profit from it. The people who profit are the member banks. Federal Reserve is an organization made up of member banks. Those banks make money off of interest and investments. The losses are distributed among the masses through dilution of our currency through the necessary expansion of it to absorb the losses.
No amount of annual profit returned to the Treasury has ever outweighed the negative effect of Fed induced business cycles and bailouts.
- imtringued 4y agoTell me why exactly do you need to take the medium of exchange hostage like people take housing hostage as a speculative investment? Money is there to be used for transactions. Using money to save is literally the opposite how you are supposed to use it. If anything, people witholding the medium of exchange against interest are what is causing business cycles and bailouts.
- chatterhead 4y agoIt's also used as a store of value and unit of account. That's the purpose of money. You don't understand it because you haven't learned about it yet.