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To: Errant
At least a privately owed bank (i.e., the FED)

It's not privately owned.

wouldn’t be skimming 6% off the nation’s debt

The nation's debt is $17 trillion. The Fed earned about $90 billion last year.

62 posted on 12/15/2013 8:17:37 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot; Errant
"The nation's debt is $17 trillion. The Fed earned about $90 billion last year."

And 95% of that profit of $90 billion goes back to the U.S. Federal Treasury.

FED transferred $88.9 Billion to Treasury in 2012.

66 posted on 12/15/2013 8:25:44 PM PST by DannyTN
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To: Toddsterpatriot
It's not privately owned. [i.e., The Fed]

Oh, you have access to who are the shareholders in the member banks? Since the bank's shares of the FED are determined by 6% of the private bank's assets, how about just the top 6 banks? That would be great if you would released that which even our Congress has been unable to obtain!

The Fed earned about $90 billion last year.

There again, it would be wonderful if you would share these figures whom the Congress of the United States have been seeking through an audit of the FED for years now. An audit that has never been performed since its inception over 100 years ago.

Why NOT, you have to ask?

What do they have to hide?

104 posted on 12/16/2013 9:29:06 AM PST by Errant
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