What do you think the US Dollar represents? What do you think the US treasury is? Why do you think our treasury gets the interest? That vapor is our wealth being dissipated, thus the money is taken from owners of US notes, most of which are American taxpayers.Alert, Alert, total figures of payments by Fed to government from the beginning til now. And it is only 80 percent of the Fed's profit. Only 80 percent of the Fed's profit. This is robbery: Federal Reserve Pays Treasury 75 Billion In Profit REALITY BLOG
Distributions to the U.S. Treasury – Interest on Federal Reserve notes:
Total for all years (1914-2011): $842,337,007,000
Total income all years (1914-2011): $1,013,516,673,000
(Translation: over 80% of the Fed’s income is transferred right back to the U.S. Treasury.)
Thanks for the link. I liked this part.
While it is true that national and state banks certainly get some great benefits by forcibly being members of the central government’s Federal Reserve, those benefits are nothing but the statutory ones granted to them as members. Obviously, the real profiteer here is the Treasury of the United States Federal Government, as these figures have shown us. The dividends paid to member banks are peanuts compared to the “interest” paid to the Treasury.
Yeah cause getting to borrow money from the American taxpayer for practically zero interest is worthless.
Why would the Fed borrow from the taxpayer?
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