Home > Banking Euro Crisis, Greece, It's all about money, The economy, what are the options?, Why it's all gone horribly wrong?, World Debt > Easy if you’ve got endless amounts of cash, Federal Reserve turns $77 billion profit

Easy if you’ve got endless amounts of cash, Federal Reserve turns $77 billion profit


Federal Reserve turns $77 billion profit – Mar. 20, 2012.

Just goes to show what you can achieve when you run your own printing press. That’s why Greece is still in a mess. Not to mention, Portugal & Spain.

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  1. March 21, 2012 at 5:42 pm

    Exactly! In 2009 they were celebrating the “record” Fed profits of $46.1 billion, but in reality the Fed’s profits-to-assets ratio had fallen as I show in my post Profits to Assets.

    If they were a gold standard central bank they would be retaining all the profits to shore up their capital base.

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