The Fed used to be profitable and send billions of $$$ per year to the US Treasury to help pay for the budget.
Because of reverse repos and interest on reserves, now the Fed pays commercial banks $700 million PER DAY to keep the system from falling apart.
It will be a long time… https://t.co/yIaCpJxxIb
— Wall Street Silver (@WallStreetSilv) November 16, 2023
