{"id":255620,"date":"2022-07-03T07:39:45","date_gmt":"2022-07-03T07:39:45","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=255620"},"modified":"2022-07-04T07:38:04","modified_gmt":"2022-07-04T07:38:04","slug":"us-fed-is-quietly-handing-out-250-million-in-interest-payments-per-day-to-small-group-of-nameless-beneficiaries","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=255620","title":{"rendered":"US FED is Quietly Handing Out $250 Million in Interest Payments PER DAY to Small Group of Nameless Beneficiaries"},"content":{"rendered":"

Julian Conradson \u2013 The Gateway Pundit July 1, 2022<\/strong><\/h1>\n

With all of the money laundering schemes currently in the works \u2013 \u2018stimulus\u2019 money, billions in aid to Ukraine, executive orders for\u2026 solar panels, endless money for experimental vaccines, etc. \u2013 it seems as if the powers at be are literally \u2018cashing out\u2019 while they can as they burn the economy down in preparation for the great reset.<\/p>\n

In response to the record inflation, which is being caused by reckless and destructive spending by the Biden administration and the Federal Reserve, the FED raised interest rates by 75 basis points last month \u2013 the largest increase since 1994 \u2013 in an effort to slow the Bidenflation tidal wave.<\/p>\n

Unsurprisingly, there has been little to no improvement in the economy since the change. In fact, inflation has continued to trend in the wrong direction since the rate was raised. On top of that, the FED revised its quarterly projections to show negative GDP growth is expected for the second quarter in a row, signaling that a recession isn\u2019t on the horizon \u2013 it\u2019s fully here.<\/p>\n

Instead of helping ease the economy back on track, as intended, the raised interest rates could end up making the skyrocketing inflation issue markedly worse, as the change quietly paved the way for a small group of mostly unidentified beneficiaries to begin reaping hundreds of millions of dollars per day by way of interest payments, thanks to the Federal Reserve\u2019s reverse repo program.<\/p>\n

With a record 2.330 trillion in cash holdings<\/a> on hand within the Federal Reserve\u2019s reverse repo facility, interest payouts have ballooned since the FED\u2019s rate hike, and now total over $100 million a day.<\/p>\n

A total of 108 depositors, who hold assets in the fund, are the recipients of the payouts.<\/p>\n

From ZeroHedge<\/a>:<\/p>\n

\u2026there is a record $2.33 trillion in cash parked at the Fed\u2019s overnight facility, doing nothing\u2026<\/em><\/p>\n

\u2026Well not nothing: it <\/em>was\u00a0<\/em><\/strong>nothing when rates were zero, but at 1.55% which is the current reverse repo rate, that $2.33 trillion is a\u00a0golden goose for the 108 counterparties\u00a0<\/a>that are parking cash at the facility, a mixture of money market funds, banks, GSEs and various other financial intermediaries.<\/em><\/p>\n

How big is this particular Golden Goose? The chart below shows the payment in interest that the Fed makes day on this record $2.33 trillion in funds:\u00a0<\/em>as of today it amounts to just over $100 million every single day!\u00a0<\/em><\/strong>That\u2019s right,\u00a0<\/em>more than $100 million in interest payments on funds parked with the Fed, which is by definition the world\u2019s only risk-free counterparty!<\/em><\/strong><\/p>\n

As ZeroHedge points out<\/a>, the interest profits are only due to the FED\u2019s past reckless spending.<\/p>\n

From ZeroHedge<\/a>:<\/p>\n

\u201cAll of the above is with the Fed Funds rate at 1.75%. As a reminder, the Fed hopes to keep hiking at least another 175bps (or more) in the next 6 months, which will push the rate to 3.50% and will mean that <\/em>the Fed will be paying half a billion in interest every single day to a handful of mostly unknown counterparties every day, money which for said counterparties is also known as (riskless) profit and which is only the result of the Fed\u2019s previous money printing.\u201d<\/em><\/strong><\/p>\n

And, with that, another scheme was set in full swing.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Are powers at be literally \u2018cashing out\u2019 while they can as they burn the economy down in preparation for the great reset?<\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[19,66],"tags":[],"class_list":["post-255620","post","type-post","status-publish","format-standard","hentry","category-Behind_The_News","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/255620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=255620"}],"version-history":[{"count":1,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/255620\/revisions"}],"predecessor-version":[{"id":255621,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/255620\/revisions\/255621"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=255620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=255620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=255620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}