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Rights Radio™ with Dr. Joyce Starr

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Fed Prints Profits – USG Faces Insolvency – Homeowner Mortgages Under Water

Last Updated on May 9, 2017 By Dr. Joyce Starr

underwater mortgages

Printing Money to Ease Their Pain.News that the Federal Reserve Bank turned an $82 billion profit by investing money it prints - and then claiming pure profit on such investments - made Wall Street giddy. To be accurate, the Fed doesn't physically print the money. The Federal Reserve Act of 1913 authorizes the Fed to direct the Treasury to print money. The Treasury charges the Fed 2.3 cents … [Read more...]

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