Through its “Quantitative Easing” program of the past year, the Federal Reserve has stashed away nearly $3 Trillion in U.S. Government Bonds. What people don’t realize is that the Fed earns interest on this debt, just like any other investor…. A Whole Lotta Interest. Does $76.9 Billion in profit sound good to anyone? That is what the Federal Reserve earned last year, more than 2 times that of everyone’s favorite corporate whipping boy (hint, it rhymes with Rexon), and 10 times that of the largest evil hedge funds and private equity firms in America.

So, if we think about this correctly, the National Bank of the United States buys debt issued by the National Government of the United States, who is funded by taxpayers, who fund the debt issued by the National Government, who issues the debt to the National Bank, who is paid by taxpayers of the United States, who then remits the profits back to the National Government, who then raises more funds from the taxpayer….You can see how exhaustive this gets when you really try to think about the lunacy of it all!