So, apparently the creator of money out on thin air actually makes a profit!!! How messed up is that?? If one is able to create money, isn't it common sense they can make profit and then one asks, what is the limit to their profit?
In 2012, the Fed posted a profit of about $88 billion, which fell to $77 billion in 2013 and $101 billion in 2014. So how the hell can the Fed make a profit? I thought Fed is supposed to provide frameworks for the economy to sustain and grow. Well, not exactly. The Fed has actually become a giant bank. It has been printing money out of nowhere and giving it to banks who hold treasury bills.
Luckily, the Fed also controls the interest rates to be paid out of these treasury bills. Hence, the Fed is essentially getting paid for something that it is creating money to buy.
Subscribe to:
Post Comments (Atom)
Honey... show me the money!
Let's talk money. We all need money to carry out day to day transactions in our lives. Whether it is to visit the grocery store or buy...
-
Let's assume you like Trader Joe's, just like me and shop there regularly. On one fine mid-summer morning, you go to Trader Joe&#...
-
Let's talk money. We all need money to carry out day to day transactions in our lives. Whether it is to visit the grocery store or buy... -
These days the most commonly used word amongst folks setting the fiscal policy and monetary policy is the unemployment rate. It has been quo...
With their fun themes and huge jackpot 바카라 사이트 values, they’re designed to drag you in and drain you of your cash in small increments. Though slot machines all the time favor the house, you can use use|you must use} quantity of} methods to help you|that will help you|that can help you} beat the chances. When it involves its bonuses, Cafe Casino kicks issues off with a generous welcome provide that includes free spins to be used on particular slots. Existing gamers are then rewarded with a number of|numerous|a variety of} subsequent bonuses, promos, and perks, while a rewards program gives you the prospect to win a number of the} weekly prize pool.
ReplyDelete