http://finance.yahoo.com/news/global-economy-living-off-feds-075955967.html
"But the best kept secret is that the Fed does more for the successful operation of the global business cycle than all these "talking shops" combined. And it does that at no cost to American taxpayers. Last year, for example, the Fed transferred $76.9 billion in profits to the U.S. Treasury, while one of these summit jamborees can cost $850 million."
I guess they have never heard of inflation?
"The dollar bears may also wish to reconsider: the greenback will have no match as the world's key transactions currency for as far as the eye can see. And while there may be some competition for the dollar as a store of value, the Fed's commitment to price stability in the United States should be taken seriously."
:rotflmbo:
"But the best kept secret is that the Fed does more for the successful operation of the global business cycle than all these "talking shops" combined. And it does that at no cost to American taxpayers. Last year, for example, the Fed transferred $76.9 billion in profits to the U.S. Treasury, while one of these summit jamborees can cost $850 million."
I guess they have never heard of inflation?
"The dollar bears may also wish to reconsider: the greenback will have no match as the world's key transactions currency for as far as the eye can see. And while there may be some competition for the dollar as a store of value, the Fed's commitment to price stability in the United States should be taken seriously."
:rotflmbo: