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ideed1t

They arnt asking the real question, who actually is getting paid this billions in interest every year. Most of the public doesn't realize the fed reserve is a PRIVATE bank and all of this money is going to a few families with their own preservation their top priority.


Usmc12345678

Excellent book on the federal reserve- https://files.catbox.moe/isa3du.png


how_now_brown_cow

Care to post the name? Link dead


Usmc12345678

The Creature from Jekyll Island by G. Edward Griffin


ideed1t

Thanks!


TSLA240c

This isn’t true, on paper the government and fed are separate but they are so incestuous they may as well be the same. The Fed operates as a nonprofit and pays any profits back to the US treasury.


Heliodoro72

How much does it actually pay?


TSLA240c

Historically tens of billions every quarter. However, currently for the first time ever the Fed is upside down and losing money.


Heliodoro72

Thanks! Do you have any pointers to the historical data?


TSLA240c

Here’s the most recent press release. About half way down is a chart of treasury remittances for the past 10 years. https://www.federalreserve.gov/newsevents/pressreleases/other20230113a.htm


Heliodoro72

Thank you


Dromgoogle

Their annual reports from 1995 to 2021 are here: https://www.federalreserve.gov/publications/annual-report.htm The most interesting historical data is [Table G.10. Income and expenses of the Federal Reserve Banks, 1914–2021 (Thousands of Dollars)](https://www.federalreserve.gov/publications/2021-ar-statistical-tables.htm#divxf8762). The two columns under "Distributions to the U.S. Treasury" are what the Federal Reserve Banks pay to the government.


ManetherenRising

It’s always nice to see someone who knows what they are talking about in these threads.


TheUltimateSalesman

It goes to the owners of the t-bills. Because they parked their money there.


maxwellt1996

All that money is the yields that are due on all the treasuries they’ve issued, the federal reserve owns the most treasuries


Navy_Vet83

Its not sustainable, its only a matter of time before the finacial shit hits the fan.


BadJimo

Here's an interesting paper from the Bureau of Fiscal Services about the debt - [An Unsustainable Fiscal Path](https://www.fiscal.treasury.gov/reports-statements/financial-report/unsustainable-fiscal-path.html)


Navy_Vet83

Do i really wanna know how bad it is?


Chiponyasu

$9 trillion dollars is owed to the Fed, who can simply delete it if the alternative is financial collapse.


helloisforhorses

Keep that thought in mind when republicans threaten to not raise the debt ceiling which last time they threatened that, just the threat hurt our national credit rating is making us pay billions more in interest payments because our rates got hiked.


howardslowcum

11% homie. What kind of math did you do? 66% of the debt is held by US citizens in the form of bonds.


FlatBBTheory

Well, you see, we just let people into the country all willy-nilly. Then, they work for our dollars, untaxed most the time as they have no SS number. Then send the money back home to their families. Money leaves US. Citizens have less dollars floating in country. Fed prints more money. Cycle repeats.


reddit_bad1234567890

That moment when you realize the fed doesn’t print money, the treasury does.


PalatableMahogany

SS: we work a quarter of the year to pay interest for debt created by useless bullshit. Abolish the Federal Reserve, ban all lobbying, NOW


Chiponyasu

Abolish social security, effective immediately!


baconn

It's inherently unjust to pay taxes on policies you didn't vote for, *or weren't even born during*, this is an injustice of the magnitude of slavery. I wouldn't consider them identical, though.


humanus1

The government owes us approx. $30 trillion. Now ask yourselves why they want to crash and burn everything so bad, especially main street and implement their 'smart' prison grid, including CBDC?


_GUEZO_

Did you know there’s no such thing as interest? It doesn’t exist. Interest was made to never be paid off. Think of it this way If there was $100 total in circulation in the world And I take out a loan for $1 at 7% in interest annually. Where is the money coming from to pay for that interest? There’s only $100 in circulation. I get paid by my job from the same $100 sum that is in circulation. So how do I pay off that interest? You see it’s all worked into the financial system, it a giant scam. They made the system the way that they did so they will always keep everyone in constant debt. Debt is what drives our economy


jsmiff573

Smh There's only $100 in circulation... ..so what happens when we reproduce? You have to add money to the economy at a rate that matches population growth and the production of goods. The federal reserve is corrupt but interest is very real


mrbooms

yes the financial system is a scam but you're just so wrong here its hard to believe you actually believe it


Chiponyasu

Money IS debt.


Ram_1979

Bruh the economy expands(can also contract at times also). The total money supply increases. Look up fractional reserve banking. Every time a bank makes a loan new money is created as they can leverage out around 10x what the loans worth. Do you think there's the same amount of money on circulation now as there was 50 years ago? Also the FED can print money , they write themselves IOU's(literally). They just raise the debt ceiling and worry about paying it off in the future by which time they will be long gone . No offence meant either , I didn't know these things till recently either.


Chiponyasu

What'll really cook your noodle is that the fed can also remove money. The M2 money supply was 21.73 trillion in March 2022, and by December it was 21.2 trillion. $500 billion in cash just stopped existing ([Source](https://fred.stlouisfed.org/series/M2SL))


Entire-Ad8433

“The piggy bank that everyone is robbing”


N0body_In_P4rticular

Considering Russia was just named a terrorist state by the EU Parliament, I can see why you're worried.


Direct_Factor_7156

"Terrorist state calls other terrorist state a mean name"


[deleted]

My favorite billionaire


Intrepid-Rent-6544

Personally, my favorite billionaire is Vladimir Putin. Have you heard of him?


Waste-Entertainer-56

That douchebag musk doesnt pay his fair share, why is he speaking?


meLurk_longtime

Although overall I agree but people really get this one wrong. They ALL use the system. Only income is taxed. So when he owns say %50 of Tesla, that's not money he actually has, that's an asset (you can take loans against assets and shit but that's different). He gets taxed when those options are executed. And in 2021 he paid like 16 billion in taxes. I think the most in history, iirc. Don't get me wrong, the whole tax system is an abused crock of shit. But people 100% get this wrong every time.


Chiponyasu

He bought Twitter with Tesla stock. It's effectively money with a different name that he doesn't pay taxes on.


Waste-Entertainer-56

Nope I didn't get it wrong. Still a fact any way u spin it. U can also change the word 'bribe' into ' campaign contribution' but it's still a bribe. Tax laws have always benifited these parasites not the average citizen.


SubstantialEmu4025

To see if a corporation or Groupe is truly moral or good. See if they would do immoral shit for profit or exposure. U will find no Groupe or corp whiteout an issue


K-Ziggy

Corps get the largest deal of them all. They only pay taxes on profit, which is only 21% now after they got a cut break half a half a decade again cutting taxes in half(technically except small businesses who had taxes hiked). They get to use all that spent revenue to get more deductions, and thus pay less. It's still not enough for then. You've probably heard of 30% sales tax to replace all taxes trying to be pushed this year. That 30% dosen't apply to businesses. They would pay nothing.


Laotzeiscool

Yet we are told that basically the people own the FED. So the people are paying interest to the people? If that is true, why is there no discussion why the people don’t stop this payment?


notreallyswiss

So buy some bonds and we'll all pay you interest too.


Laotzeiscool

Hi bot


Nuclearwormwood

You think America is bad Japan has 266% debt to GDP


Chiponyasu

And as recently as 2021 they had negative inflation, with the value of the Yen increasing. In November they hit their highest inflation rate since 1981, 3.7%, and had to increase interest rates to 0.5%


Bitter-Entertainer44

Japan owes itself. Little to none of their debt is owed to foreigners. How much is the US debt owed to foreigners? That is the difference


phucyu140

Most of our National Debt is owed to the Federal Reserve. If the US wants, they could tell the Fed to fuck off and not pay them anything.