Quote:
Originally Posted by aico
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http://www.federalreserve.gov/boardd...pdf/tables.pdf
Read page 293-295. Clearly shows the re-payments of interest back to the treasury. The Federal Reserve finances are audited by federal agencies, private banks within the US and Internationally, and 3rd party auditers.
Here is how it is run:
http://www.federalreserve.gov/genera...faq/faqfrs.htm
The only argument that can be made is that they do take out "expenses" for the loans to the US. So they take that out of the interest they re-pay. It accounts for a small percent, but nowhere near the amount of the entire interest.
As for the conspiracy that this was just one big way to make the Federal Reserve rich, you might want to look elsewhere. The Reserve really doesn't own a lot of our debt (under 10%). So if you want to play conspiracy theory with loaning money to the US, go after a country like China that actually benefits more from this than our Treasury which just collects expenses on the money they loan us.