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Comment: youve missed it
youve missed it
The 60 billion "profit" is only the declared profit. The true profits are hidden from us and we will never know how much.
Also consider the fact that the billions in profits allow loans to be produced at a 20 to 1 capitalization producing more endless profits.
So while yes, they do return some of the profit to the treasury, it is a tiny amount of all they ways they profit by being the first issuers of currency