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http://www.fivedoves.com/letters/jan2013/randy15.htm
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Randy (5 Jan 2013)
"Like a Dog with a Bone------ Article on Fed Res Bank Rebating Interest BACK to the US Government"


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Article Sept 2012------
http://www.thedailybeast.com/articles/2012/09/25/how-the-fed-has-earned-80-billion-in-profits-in-fiscal-2012.html

this news IS out there....it's just hard to find...and that's why NOBODY KNOWS THIS!!

Quotes:

The Fed’s ripe profits are directly due to the massive expansion in the balance sheet—it transferred $79.3 billion to the Treasury in 2010. By comparison, FDIC-insured banks made some $86 billion and $119.5 billion in 2010 and 2011, respectively.

And the size of the Fed’s balance sheet is due to expand even further. The Fed’s newest—and unlimited—bond purchases will mean buying some $23 billion worth of Fannie and Freddie mortgage-backed securities this month and then $40 billion a month more until economic conditions substantially improve. (My comment----they are buying ALOT more than this, aren't they?)

It makes no sense to attempt to, say, fund the government by printing up money to purchase government debt and then paying yourself back from the interest payments. (DUH!!!!!) But the Fed’s ability to make oodles of money from its extraordinary actions does indicate that, at least so far, the taxpayer hasn’t been put on the hook for some of the most aggressive interventions into the economy in government history. (Yes, but only a government can buy it's OWN BONDS and then find a way to rebate back the interest cost!)

The Fed will, in the future, unwind its holdings and reduce the size of its balance sheet to something like its pre-crisis norm. The fact that it’s able to, at least so far, remit money back to the Treasury shows that it can at least go about its business without putting the taxpayer on the hook. If only all banks could say the same.

MY COMMENT: Really....and TO WHOM is the Federal Reserve going to SELL their holdings? And if rates RISE, and the values of those bonds go DOWN.....and they are then sold at a LOSS/DISCOUNT to new owners, then...

those bonds (when they come due) will cost the US Government alot MORE than than they were sold/issued for!!!!

This is not as SIMPLE as this article seems to indicate...and it has HUGE repercussions...but some of their points are RIGHT ON!!

TICK TOCK........you can almost hear the financial systems of the world all...IMPLODING>. Becuase this is being done by MOST of the G& Nations of the world. They, too, have figured out how to issue bonds at ZERO interest cost!!

UGH!!!!!!!!!!!!!!!!!

YFIC,
Randy


I post some posts...simply to have GONE ON RECORD so when bad things do happen on this topic, I can and will say I TOLD THIS BEFORE IT was even an ISUE!!



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Zechariah 12:3,9:
And in that day will I make Jerusalem a burdensome stone for all people; And it shall come to pass in that day, that I will seek to destroy all the nations that come against Jerusalem.


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