Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Durus
Member banks do not benefit from seigniorage.

Of course they do. Any stock holding member bank derives a percentage seignorage, it's one of the primary ways they make money.

That's silly. My local member bank neither mints nor prints money.

That's a bad link.

On a side note have you ever wondered how a non profit organization ends up with more than 2 trillion dollars in assets?

In this case, not at all.

The assets don't come from the profits.

63 posted on 10/02/2013 1:19:00 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 59 | View Replies ]


To: Toddsterpatriot
That's silly. My local member bank neither mints nor prints money.

The united states treasury prints and mints money, not the FRB. Regardless it's silly to think that a bank like citibank or chase manhatten that own more than 5% of multiple Federal Reserve banks are not getting a cut of the seigniorage. They don't have to actually have to manufacture the money if they are getting a better deal on the money than everyone else.

Try this

65 posted on 10/02/2013 1:27:15 PM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
[ Post Reply | Private Reply | To 63 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson