tag:blogger.com,1999:blog-31821779.post6594223452143829688..comments2008-12-03T22:49:38.184ZBoonhttp://www.blogger.com/profile/17659502475308542768noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-31821779.post-36500888853697344412008-09-02T16:19:00.000+01:002008-09-02T16:19:00.000+01:00Did you receive my reply?MRAhttp://www.blogger.com/profile/16830632574359076448noreply@blogger.comtag:blogger.com,1999:blog-31821779.post-91302298857948800302008-08-30T21:51:00.000+01:002008-08-30T21:51:00.000+01:00I love your blog and its extremely insightful, but with all due respect, the Fed DOES return money it earns in interest back to the treasury. There's an interesting article about it in last weeks Barron's. You should be able to find out that this is true doing a quick search online. <BR/><BR/>If you read the Fed's 2007 annual report:<BR/><BR/>http://www.federalreserve.gov/boarddocs/rptcongress/annual07/default.htm<BR/><BR/>Scroll to the Income Statement on page 172. Notice, the last line "Payments to the Treasury," with a footnote "Interest on Federal Reserve Notes."<BR/><BR/>In 2007, the Fed earned 38.7 billion in interest and returned 34.6 billion to the treasury.MRAhttp://www.blogger.com/profile/16830632574359076448noreply@blogger.comtag:blogger.com,1999:blog-31821779.post-43906234764761667722008-08-19T15:46:00.000+01:002008-08-19T15:46:00.000+01:00The Fed doesn't return the money it makes in interest back to the Treasury. The Fed keeps the profit it makes! In other words, the Fed has been milking the tax payers + US government!Boonhttp://www.blogger.com/profile/17659502475308542768noreply@blogger.comtag:blogger.com,1999:blog-31821779.post-31070902928667753142008-08-14T20:57:00.000+01:002008-08-14T20:57:00.000+01:00The Fed returns the interest it earns from the bonds to the the US Treasury. It also only owns a relatively small part of the total debt (8%?).MRAhttp://www.blogger.com/profile/16830632574359076448noreply@blogger.com