Re: Feds invent new scam to transfer tax payer's money to banks

On May 2, 3:47=A0am, "Dan in Philly" <d...@[EMAIL PROTECTED]
> wrote:
> "Money Man" <Mo...@[EMAIL PROTECTED]
> wrote in message =A0wrote:
> >> Federal Reserve policymakers will discuss paying interest on
> >> bank reserves in a closed door meeting on Wednesday.
> > Who would be paying - or where would the interest payments come from?
>
> The money would come from some combination of money creation (by the
Fed)
> and government spending (either taxes or borrowing, the latter being
> postponed taxes).

Le t me see if I understand. This rumored new law, will pay banks
interest on their reserves. You suspect the payment would come from
the government, the FED or gov. spending. This would be a heckuva gift
to the banks. But you may be right.