FEDERAL RESERVE MAKES MONEY FOR U.S. CLAIMS BOB BRINKER-THEN SLAMS RON PAUL AGAIN.Submitted by pawnstorm12 on Sun, 01/31/2010 - 17:26
After slamming Ron Paul (every week now) and his effort to audit the Fed, radio show "Money-Talk" host Bob Brinker said today that the FED turned over billions of dollars to the US Treasury from its operations at the end of last year, implying that the FED is making money for the United States.
He continued to belittle Ron Paul and noted that he is a physician--NOT an economist, and therefore has no knowledege of economics, especially monetary policy.
I had never heard before that the FED actually pays money to the U.S Treasury. If this is true, how does the FED MAKE its money???
Personally I think it's an accounting trick where maybe they return some of the interest our tax dollars pay them each year and then claim it to be profits.
Any thoughts on this?