WEB Notes: Yes, the supposed Federal bank, which it certainly is not prints US Dollars out of thin air and then make investments with those dollars. In other words, they cannot lose and some of those gains, will go to the banks….

You will recall from yesterday’s article how the banks always win and the little guy always looses and how could we forget when the banks were bailed out?

When was the last time you were bailed out?

The Federal Reserve’s income from operations in 2017 dropped by $11.7 billion to $80.7 billion, the Fed announced today. Its $4.45-trillion of assets – including $2.45 trillion of US Treasury securities and $1.76 trillion of mortgage-backed securities that it acquired during years of QE – produce a lot of interest income.

How much interest income? $113.6 billion.

It also made $1.9 billion in foreign currency gains, resulting “from the daily revaluation of foreign currency denominated investments at current exchange rates.”

Source: Fed Pays Banks $30 Billion on “Excess Reserves” for 2017 | Wolf Street



Subscribe To Receive...

Verse Of The Day With Commentary, Bible Study, Bible Question And Answer Plus Daily News With Christian Notes In Your Inbox!





Study With Us!

Visit the Bible Study, Bible Question and Answer and Video section of our site.


Leave A Comment

You are invited to participate in our Christian Community by leaving a comment. We would love to read your point of view and inspiring messages. Please read our Community Guidelines before commenting and note all comments are moderated (Ephesians 4:29).