npub1j8…2xggp on Nostr: @WallStreetSilv The Fed used to be profitable and sent billions $$$ per year of it's ...
@WallStreetSilv
The Fed used to be profitable and sent billions $$$ per year of it's profits to the US Treasury.
But now the Fed is paying nearly $700 million per day to banks for reverse repos and reserves. Almost $700 million per day is what it is costing to fund all of the programs to keep everything from collapsing.
The Fed used to be profitable and sent billions $$$ per year of it's profits to the US Treasury.
But now the Fed is paying nearly $700 million per day to banks for reverse repos and reserves. Almost $700 million per day is what it is costing to fund all of the programs to keep everything from collapsing.