The Feds are paying $723 million PER DAY to commercial banks on reverse repos and interest on reserves. A few years ago, the Fed used to be profitable and sent its profits to the US Treasury.
Recently, to keep everything from collapsing, the Fed has been forced to create more and more programs to support the House of Cards. This has resulted in this crazy system where the Fed is losing $723 million daily to hold it all together.
But you get to pay in the end.
That helps explain how Powell & Co. have managed to lose $105 billion – and you’re paying for it: pic.twitter.com/Cj9b7yRnNC
— E.J. Antoni, Ph.D. (@RealEJAntoni) September 28, 2023
Bidenomics – Democrat policies – might be working as they planned.
Help … pic.twitter.com/s96KiBZRh7
— Wall Street Silver (@WallStreetSilv) September 29, 2023
You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:
Cloward/Pivin has been enacted. And this is another example of what Hope & Change looks like.
Biden and the Dem’s are trying to kill this country! These traitors need to be held accountable and will in one way or another when the S–t his the fan!