Wednesday, October 18, 2017 8:41:12 AM
The treasury printed $4.5T from thin air and gave FED to acquired all the assets around the world since 2008. Now FED is making $100B per year profit on these $4.5T assets which goes to treasury (Does it looks like version 2 of GSEs?).
These banks sold their $4.5T assets to FED. These banks puts part of $4.5T in FED to earn 6% interest and rest goes to bonus and shareholders. That's why main street is suffering. That $4.5T never hit the main street. FED should reduce interest to 2% so that banks either invest in main street or buy 10 years treasury or GSE's MBS.
This $100B is NOT taxed money hence treasury can spend where ever it want. The treasury don't need GSEs Billions now as $187B + 10% interest paid off.
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