The Treasury is perpetually in debt to the private Fed, but the - TopicsExpress

The Treasury is perpetually in debt to the private Fed, but the Feds profits are returned to the Treasury.(1) Private banks run Fed branches (nyfed.org/1rb9Pep), but the Fed generates revenue for the Treasury, it monetizes government debt. Bankers wet their beaks, not through interest on state debt, but through interest on Fed deposits (1.usa.gov/1L9jbPv), insider info on Fed policy, and free loans. (Teal)

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