18 Dec 2017 10:25 pm
I don't think you know how it works, either. The federal reserve does make a profit because it loans its 'federal reserve notes' to banks, so banks pay the federal reserve. the US then taxes its profits at close to 100%Cannonpointer » 18 Dec 2017 10:22 pm » wrote:You are a cum drunk sissy panty, boy. "Sort of private?"charles.thompson » 18 Dec 2017 10:52 am » wrote: The federal reserve is sort of private...but the pres appoints the chair...the house sets the salary...and the profit of the federal reserve is taxed by the federal government at a rate around 96%
How can an agency that has never been audited - that performs it's OWN audits - be taxed on "profits?"
Tell us what the COSTS of issuing currency are, so we can get an idea of the fed's "profits," kid. When you CREATE money, isn't that ALL "profit?"