The Fed doesn't keep their profit BUT they enable others to reap obscene profits.

Babylonian money magic.

Six of the directors are elected by member commercial banks. Three of the directors are appointed by the Fed Board of Governors.

members of the Board of Governors who are appointed by the president -
...ok,ok
- from among the sitting governors of the Federal Reserve Banks

OH so it's all bankers?!

always has been.

The Fed is arguably the biggest scam invented ever.
(at least the biggest visible scam)

The only challenger I see is Joseph in Egypt, who directed the government financial apparatus to take all the coin in Egypt and in Canaan, then all the flocks, then all the land, then the people themselves to labor as slaves perpetually, and pay a tax of 20% "to this day"(Genesis 47:13-25)

Then the demoralized Egyptians were coup'd by foreigners, and Joseph et al seamlessly switched their ostensible masters without missing a beat.

Eventually though, Egyptians regained their nation, removed Joseph et al from their positions, made them work like everybody else, then expelled them.

Of course, in your Sunday school version, Joseph was the good guy...
..Sort of like how you accept the Fed as legit and on your side...

Further insight that you may not have been taught in Sunday school-

Why did the hebrews wander in the desert 40 years?
-one of them dropped a quarter

Who are called primary dealers?
A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities.

The FED won't lower the rate now because they are in PROFIT TAKING mode, not for themselves, of course, but for their primary dealers.
The Fed does not work for you; their policies are designed solely to maximize usury profit for their dealers. (and of course downstream moneylenders as well)
Trump (pretend) tries to get US a break, but he is slapped down, and Hitler smiles with smug satisfaction as he is milked fresh by our moneylenders.
"It's all worth it, if Trump doesn't get his way!"
Suckers of Moron.

You want the Fed to be losing money or something?
Posted by snoofy

-The Fed officially does not make a profit. Any profit they show is returned to the Treasury.
This is done to fool people such as yourself.

Snoofy do you imagine that Special Banks making obscene profits is a benefit for you?
It's exactly the opposite.
"It's a club, and you're not in it"

related?- or simply cohencidental?

Depends. Am I holding their stock?

#12 | Posted by snoofy

sure snoofy, you can buy treasuries- RETAIL, of course.

"It's a club, and you're not in it"
-you are now sealion2.