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Why Do The Elites Get $250 Million In Interest Payments Daily From The US Fed?

Addison WilsonJuly 4, 2022

3 minutes read

The situation is a little bit complicated, but it will make you furious when you hear the whole story.

The Americans pay $5/gallon of gas and starting to see inflation absolutely destroy our monthly budgets; the elites print new money and pay all the interest.

Join The True Defender Telegram Chanel Here: https://t.me/TheTrueDefender

Good work if you can make the money printer go wild and direct the Dolla-dolla bills into your bank accounts.

Zero Hedge reported:

The Fed’s QE may be over, and QT may be just starting (it won’t last long), but don’t think the Fed free money giveaway is ending any time soon. In fact, for a handful of happy, mostly anonymous counterparties, the real free-money bonanza has just begun!

Case in point: the Fed’s reverse repo facility. While one can debate for hours why there is a record $2.330 trillion in cash parked at the Fed’s overnight facility and what it means for systemic plumbing problems, the fact is that there is a record $2.33 trillion in cash parked at the Fed’s overnight facility, doing nothing.

Well not nothing: it was nothing when rates were zero, but at 1.55% which is the current reverse repo rate, that $2.33 trillion is a golden goose for the 108 counterparties that are parking cash at the facility, a mixture of money market funds, banks, GSEs and various other financial intermediaries.

How big is this particular Golden Goose? The chart below shows the payment in interest that the Fed makes day on this record $2.33 trillion in funds: as of today it amounts to just over $100 million every single day! That’s right, more than $100 million in interest payments on funds parked with the Fed, which is by definition the world’s only risk-free counterparty!

But wait, there’s more!

Remember excess reserves? Well, technically excess reserves ended in March 2020 when the Fed reduced reserve requirement ratios to zero, thus converting the trillions in reserves held at the Fed from “excess reserves: to plain old “reserves” and which as of today amount to $3.13 trillion.

Whatever they are called now, however, reserves parked at the Fed (which is technically an incorrect phrase since the reserves are created by the Fed) also collect interest, and as of today, the Fed’s Interest on (Excess) Reserves rate, or IOER, is 1.65%. This translates into $141 million in daily interest payments every single day to the various banks (mostly foreign) whose reserves are parked at the Fed!

Combining the two we get nearly a quarter billion, or to be precise $242 million and rising, in interest payments by the Fed – this is money which is printed into existence – every single day.

We are the only ones who aren’t getting that money—the people who meet up in Davos every year with their private jets.

People are making huge money! We are against it when it’s done illegally, unethically, and created to hurt ordinary people.

I take effect when what the FED is doing is starting to look like a Ponzi Scheme.

Check this out:

https://twitter.com/Patpadom/status/1543246944130064385?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1543246944130064385%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwelovetrump.com%2F2022%2F07%2F03%2Ffed-ponzi-why-are-elites-getting-250-million-in-interest-payments-per-day-from-the-u-s-fed%2F

Watch the video here:

Policy error or "Ponzi scheme?"@dan_pantera issues a warning on The Fed's strategy. pic.twitter.com/HsPw4VYSA8

— CNBC's Fast Money (@CNBCFastMoney) June 29, 2022

The FED is also called PONZI SCHEME on CNBC live on the air.

https://twitter.com/RichardReichle/status/1542068308677099521?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1542068308677099521%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwelovetrump.com%2F2022%2F07%2F03%2Ffed-ponzi-why-are-elites-getting-250-million-in-interest-payments-per-day-from-the-u-s-fed%2F

There’s much history that the teachers never taught you in school. You heard only what they wanted you to hear.

You can see what’s happening around you, starting to question everything, and the more you look, the more you realize that “sonofabitch, they lied to us about almost everything!”

When you hear Fed, people roll their eyes.

When we saw the entire story, it was wilder than anything you’d see in a blockbuster movie at the theaters.

‘’ The Federal Reserve Bank is: (a) not Federal (it has no government control or true oversight — it is owned by a family of “elites”), (b) it has no Reserves — it flat broke, after it siphons off all your money, and (c) it is not remotely anything like a “bank.”’’

The Federal Reserve Bank isn’t Federal at all because it hasn’t government control or true oversight. The elites own it!

Also, it doesn’t have reserves! Basically, it’s flat broke once it siphons off all your money!

And last but not least, it’s not even a bank!

Like Rothschilds and Rockefellers, the elites did their best to get a Central Bank established in the United States.

Founding Fathers resisted their efforts! In the past 150 years, we resisted three attempts to add a Central bank to the US!

Titanic wasn’t an accident. After all, some people there had resisted the establishment of the Central Bank in the US.

Did you know that the first Central Bank was established in 1913?

The elite had a plan to bring inflation to our doorstep.

In 1913 the Federal Reserve was created!