Update on Greece....

[Toddsterpatriot]

You typify the old "leading the horse to water" conundrum. LOL

"Federal Reserve Act


Section 7. Division of Earnings
(a) Dividends And Surplus Funds Of Reserve Banks.

1. Stockholder Dividends.
   1. Dividend Amount. After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend on paid-in capital stock of--
      1. in the case of a stockholder with total consolidated assets of more than $10,000,000,000, the smaller of--
         1. the rate equal to the high yield of the 10-year Treasury note auctioned at the last auction held prior to the payment of such dividend; and
         2. 6 percent; and
      2. in the case of a stockholder with total consolidated assets of $10,000,000,000 or less, 6 percent.
   2. Dividend Cumulative. The entitlement to dividends under subparagraph (A) shall be cumulative.
   3. Inflation Adjustment. The Board of Governors of the Federal Reserve System shall annually adjust the dollar amounts of total consolidated assets specified under subparagraph (A) to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis.
2. Deposit Of Net Earnings In Surplus Fund. That portion of net earnings of each Federal reserve bank which remains after dividend claims under subparagraph (1)(A) have been fully met shall be deposited in the surplus fund of the bank.
3. Limitations On Surplus Funds.
   1. In General. The aggregate amount of the surplus funds of the Federal reserve banks may not exceed $10,000,000,000.
   2. Transfer To The General Fund. Any amounts of the surplus funds of the Federal reserve banks that exceed, or would exceed, the limitation under subparagraph (A) shall be transferred to the Board of Governors of the Federal Reserve System for transfer to the Secretary of the Treasury for deposit in the general fund of the Treasury."

FRB: Federal Reserve Act: Section 7

You never showed how much the Fed earned last year or how much the "private owners" received.

 

[montelatici]

Just showed you the law. As for the amounts, look them up yourself.

 

[Toddsterpatriot]

Just showed you the law. As for the amounts, look them up yourself.

I already know the amounts.
And they show the idiocy of your claim that the Fed is privately owned.

 

[Manonthestreet]

and now back to the Greek situation.....

 

[Kristian]

Euro zone gives Greece 720,000,000,000 € around season between 2009-2011 to mild theirs situation with economic crises. Was bigger before 2011.