this post was submitted on 26 Nov 2023
1340 points (94.4% liked)
A Boring Dystopia
9777 readers
172 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Have you not been paying attention to what the Fed has been doing? Pardon my language but shoving cash up my asshole earns more than 1% these days.
In 2022, before most of the rate hikes, the trust fund earned $66.4 billion. This year's high, and hopefully very temporary, interest rates aside, it'll usually be around 2.5-3%.
I'm not sure what you think loss leading means or why you're using it here, but governments storing reserve money earmarked for a specific purpose in their own bonds isn't unusual or a bad thing. Should they stuff it under a mattress earning 0%? Should they risk it in the markets? Unsecured domestic bonds? Foreign bonds?
Sorry, I must admit I'm not from the us and I may have been more talking/afraid for my local governments funds.... Thanks for the great explanation tho!