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I know that the FED pays dividends to it's shareholders (banks) 6%. Question #1: Is it 6% per shareholder or do all the shareholders split that 6%? Question #2: Does "Profit" pertain only to the money the FED makes on interest - or also the money it "created" to buy the government...
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FED came into existance in 1913 for the purpose of controlling the money supply by lending to banks at higher or lower interest rates. I just read from wikipedia that this interest after expenses goes to the treasury. I think this interest must be a LOT. What does the treasury do with this amount? Case...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...