The Fed profits go back to the US Treasury. True enough: $31 Billion in 2008. But the payment isn’t guaranteed and potential liabilities of the “independent” Fed to the US taxpayer are huge.
Coffee with Joe 9-23-09: The Fed Profits…
by Peter on September 24th, 2009
Filed under: Coffee with Joe, Current Events, Videos | Tags: American Monetary and Financial Security Act, American Monetary Institute, Chicago Plan, debt crisis, Fed Transparency, Federal Reserve, Monetary Reform
Recent Posts
Recent Comments
- Joe – It seems you are having some difficult understanding where I am coming from....
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11 - The following quote is attributed to Lord Kelvin: “When you can measure what you are...
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11 - Joe – What gives? Joe – What gives? Your first response was within hours. Now...
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
A Note on Etiquette
We welcome all points of view. We respect all honest and open minded inquiry. We ask (but do not require) that you use some part of your real name on blog postings, and that you refrain from the personal attacks that characterize so much of the blogosphere. As a general rule, if you wouldn’t say it like that in front of your grandmother, please don’t say it that way here. There are Grandmas reading this blog.