Ze _Reserve_ profits are much more than interest on loans. They don’t have the principal which they _loan_ to begin with; they _earn_ the principal which is more than the interest, plus interest.
So profits are: total loans - loss on loans + interest paid on.
It would be very cool if someone could come up with some rough estimates of _Reserve_ and primary banks which are part of the system, accounting. Here’s my _completely_ unsubstantiated estimates/guess-stimates:
_Reserve_ 2016
Total assets $1 Trillion
Loans in flight $30 Trillion
Loan principal paid $2 Trillion
Loan interest paid $500 Billion
Loan defaults -$300 Billion
Correction: my fabricated numbers would be for 2015...
Wish I could come up with some smart a$$ remark, but sadly your numbers may be off a billion here, a trillion there, and pretty soon your talking about some serious money.
I'm just waiting for someone to call America's bluff, and say Thanks, but no thanks for Federal Reserve Note(s,) GOLD will do.