Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1105636, member: 3011&quot;]The Fed does not print the money.&nbsp; Maybe you are referring to the transaction whereby the Fed purchases US Treasury securities.&nbsp; They don&#039;t charge interest on it.&nbsp; They collect interest on the Treasury securites the own [just like everyone else] and earn fees for the other services they provide to member banks.&nbsp; The &quot;shareholders&quot; are member banks who are required to purchse shares to be part of the system.&nbsp; They have no voting power.&nbsp; The Treasury does not pay 6% for every dollar.&nbsp; The Fed pays the US Treasury all of their profits above the 6% dividend paid to member banks on the shares they own.&nbsp; I think you have been reading too many internet articles.&nbsp; Go to the Federal Reserve website for the correct story.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in