“They'll take out dividends and distribute to us based on our percentage of ownership.”
RW
Rob Walling
Practical Founders Podcast ·
Danny Jones Podcast · #445 - The Banker's Breakaway Civilization & Who Really Runs the World | Catherine Fitts
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called or emailed all public affairs offices of the 12 Federal Reserve banks in 1998 to request ownership percentages and data access policies
1998
“They'll take out dividends and distribute to us based on our percentage of ownership.”
“The Reserve Bank of India has intervened heavily to support the rupee via dollar sales from its reserves, and the rupee which fell to near record lows earlier this month has bounced back by about 2 percent following the Reserve Bank's moves.”
“They've introduced a new acronym called Reserve Management Purchases. And those extra is another form of QE. But that's another injection of liquidity back into the system to make sure the bank reserves stay flat.”
“So if we had a public bank, it would have been able to step in to offer immediate low-cost loans without having to wait for federal aid.”
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