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originally posted by: tanstaafl
So all you can do is totally ignore the fact that I actually provided you the answer...
originally posted by: mcsnacks77
a reply to: AugustusMasonicus
Are you high? The Federal Reserve is a private organization with no government oversight. The president doesn’t even know what goes on there.
originally posted by: AugustusMasonicus
originally posted by: mcsnacks77
The Federal Reserve is a private organization with no government oversight.
The Federal Reserve doesn't print our currency, the Treasury does.
originally posted by: mcsnacks77
a reply to: xuenchen
Then what was the purpose of Executive Order 1110 which gave the US the ability to create its own money backed by silver. This would have decreased their power and gave it back to the people. Do your research
originally posted by: tanstaafl
originally posted by: AugustusMasonicus
in reply to: IndieA
Fed Sent $88.5 Billion in Profits to U.S. Treasury in 2020.
So... how much interest was paid? I guarantee you it is far, far more than a mere 88.5 billion.
522 billion (click on the "How much does it cost to maintain the federal debt?" box.
So, unless you can show otherwise, this means that the Fed retained a whopping 433.5 billion - almost half a TRILLION.
"Although the total federal debt of the U.S. has increased every year over the past ten years, interest expense has remained fairly stable. The FY 2021 interest expense is $562 billion, $40 billion (8%) higher than last year."
originally posted by: AugustusMasonicus
in reply to: tanstaafl
"So all you can do is totally ignore the fact that I actually provided you the answer..."
Did you not get I'm not interested in the answer because it has nothing to do with what I was discussing with the other poster before you popped in with your strawman?
originally posted by: Ghostsdogood
The fed only receives interest payments for the certificates it has been hoarding since obama, NOT for the entire national debt.
originally posted by: tanstaafl
No, but it had very much to do with what you actually said...
True, but I was dispelling the myth that all of the interest on the debt goes back into the Treasury.
originally posted by: mcsnacks77
Technically it’s the The Bureau of Engraving and Printing.
The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury...
originally posted by: AugustusMasonicus
a reply to: mcsnacks77
No, it's reality. You're just repeating what I already said and trying to make it appear you're supply more information.
originally posted by: mcsnacks77
a reply to: Ghostsdogood
No was just an observation.