Ominous financials

The Fed used to make profits and sent those profits to the US Treasury each year. It was usually billions of $$$ per year.

Now because of reverse repos and interest paid on reserves to commercial banks, the Fed is paying something like $700 million PER DAY to commercial banks to… https://t.co/UM6wQG5zZH

— Wall Street Silver (@WallStreetSilv) October 20, 2023