How The Fed Is Handing Over Billions In "Profits" To Foreign Banks Each Year

Over the past two weeks we have reported that just like during the spring and summer of 2011, all the cash generated by Fed excess reserves, has gone to foreign banks operating in the US, which according to the Fed, are vastly composed of European financial institutions. In other words, the cash…

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How The Fed Is Handing Over Billions In "Profits" To Foreign Banks Each Year

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