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spygirl

World Bank bunkoff

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https://www.bbc.co.uk/news/business-46787840

Must have let a tap on back in Korea.

He will "join a firm and focus on increasing infrastructure investments in developing countries", the World Bank said.

Very strange.

Kim was trying to sort the WB out which iswas a crap, bent body. And its also why domeone who trained as a medical DR was running it ffs.

 

 

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19 hours ago, spygirl said:

https://www.bbc.co.uk/news/business-46787840

Must have let a tap on back in Korea.

He will "join a firm and focus on increasing infrastructure investments in developing countries", the World Bank said.

Very strange.

Kim was trying to sort the WB out which iswas a crap, bent body. And its also why domeone who trained as a medical DR was running it ffs.

 

 

#thisshitisgettingreal

 

Not due to retire until 2022

'No reason was given for his unexpected resignation.'

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This is likely th ehtread for this piece.

https://wolfstreet.com/2019/01/10/fed-paid-banks-38-5-billion-in-interest-on-reserves-in-2018-slickest-annual-wealth-transfer-from-taxpayers-to-banks/

Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times.

The Fed reported its preliminary results this morning for the year 2018. The headline is that it sent $65.4 billion of its profits to the US Treasury Department in 2018, and that this amount had plunged by 18.5% from the remittances, as they’re called, in 2017, and by 44.1% from the peak of $117 billion in 2015.

The Fed earns interest income on the huge pile of securities it holds. After covering operating expenses, interest expenses, and some other items, it is required to remit the rest to the Treasury Department – to the taxpayer.

Therefore, the amounts in interest expense the Fed pays the banks on their “Excess Reserves” and “Required Reserves” comes out of the taxpayer’s pocket and its transferred to the banks to become bank profits, and thereby bank executive bonuses and stock holder dividends, funded by the dear taxpayers. And this amount was huge in 2018: $38.5 billion!

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