Thread: Good people of the USA- you are being Screwed.
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Old 15-03-2008, 12:57 PM   #7 (permalink)
Milkman
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Quote:
Originally Posted by Norton View Post
Quote:
Originally Posted by Milkman
where does the Fed get this money
Quote:
Originally Posted by Hootad Binky
good question where does the Fed "get" money from: treasury bonds?
"Federal Reserve System income is derived primarily from interest earned on U.S. government securities that the Federal Reserve has acquired through open market operations. This income amounted to $36.452 billion in 2006. Additionally, income from fees for the provision of priced services to depository institutions totaled $909 million. The remaining income of $477 million includes earnings on foreign currencies, earnings from loans, and other income."

FRB: Press Release--Reserve Bank income and expense data and transfers to the Treasury for 2006--January 09, 2007
Norton, thanks.

Do you think the Fed can just print more money (M3)?

The M3 Money Supply is now secret. The info is not available to the public.
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