Comment: According to the Federal

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According to the Federal

According to the Federal Reserve, the Reserve Banks remitted about $77B of about $80B in earnings to Treasury (

This information could be true without diminishing the power of the Federal Reserve. The Federal Reserve is owned by banks that can go to the Federal Reserve and get loans at nearly 0% interest.

But even if the Federal Reserve started charging more interest on loans, the real power of the Federal Reserve is in its ability to do economic engineering. Ron Paul can roughly predict the impact of Federal Reserve moves and so can the bankers, plus the bankers know what these moves will be in advance. It’s like Biff Tannen getting the sports almanac from the future and getting rich on betting in the Back to the Future movies.

"From now on, depressions will be scientifically created."

The Federal Reserve holds this power because people continue to borrow from banks and transact in Federal Reserve Notes. If we are victims then we are victims of our own greed and ignorance.