The US Federal Reserve, what do you know about it?

Did you not read my post? The Fed cannot retain the interest as a profit; the Treasury claims it back.

 

Your information comes from sources that have no credibility with me... Federal Reserve shareholders make enormous money off of this scam and it has nothing to do with charity. Warburgs wouldn't spend a penny on bribing the Congress and propagandizing voters if there wasn't something in it for them. The long-term goal behind Federal Reserve Act was to transfer wealth from middle class to the banking industry by inflating money supply and abolishing gold standard.
Here is what young Alan Greenspan wrote before he sold his soul to Federal Reserve (he made similar statements as late as 1990's in more subtle form) -
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."

 

So legal documents have zero credibility according to you.
I'd rather refer to legal documents rather than conspiracies with fabricated sources, but the choice is up to you.

 

Federal Reserve Act is a legal document, the whole US Code is.
Greenspan's writings are not, but they are opinion of a well-informed economist. Why is it that Federal Reserve is supported by bankers and the politicians they lobby, but never by economists?
Here is a short article by Alan Greenspan that summarizes why he hates FR [PDF] -

http://www.eldoradogold.net/pdf/greenspan_economic_freedom.pdf

 

That's a gold standard vs fiat money system argument. Show me where Alan Greenspan disagrees with what I said about the distribution process. You can't.

 

Congress lets the Fed manipulate the interest rates while they wash their hands of it all. The whole system needs to be dismantled, which is reason number one (among many) that Ron Paul is constantly marginalized by these people.

 

"Robust economy" and 'low unemployment" argument? I've never seen a government that would admit that the economy is as bad as it is. It's not economy that grew, it's the monetary supply. The ultimate end is self-destruction of currency and it's replacement with the new one, amero (which later self-destruct also, and so on). Fiat currencies never survive, the end is always the same



“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The question is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Ludwig von Mises


And of course, this must be a local problem, it won't spread. Because the gobermint cares about us, and it knows how to run the economy.
Hunger a growing problem in Lee County

 

Ron Paul Discusses Why the Federal Reserve is Destroying our Economy

 

There is nothing federal about the "Federal Reserve". It is run by foreign bankers.

100% of our federal income tax goes to interest.

These are not conspiracy theories, these are facts, plain and simple.