Quote:
Originally Posted by Ethersync
The Fed prints less than what most internet conspiracy films portray.
Do you understand how treasury department is involved in the process?
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Here's the deal. The Federal Reserve is a Private corporation owned by other private corporations. They make money off of loaning us money they don't have and never had. Our government issues government bonds to the Federal Reserve. The federal reserve sells those bonds and creates the bonds value in actual currency. They then write checks for 10x the reserve/bond amount to pay for various government services. Those checks are then deposited into another form of the same system (all based on fractional reserve/MT banking.) Those banks then put that money into their reserves and write as much as 10x those amounts. And the process continues. You are correct that they aren't creating actual "money." They are creating "credits" to peoples accounts mostly. Taxes are nothing but the profit to the said bankers. Every tax dollar is gone to them before ONE CENT is spent on public services. Even your local and state governments have two sets of books. One that they show us and one where a large portion of money goes back to the bankers system.
There is actually only somewhere in the neighborhood of $900 billion to 1 trillion of actually dollars floating around. This is why we have 100s of trillions in CDS floating around around the world as a whole. They just keep taking all of the inflationary BS that goes along with the bloated system off to the side basicly and calling it someones debt. This isn't a US problem only. It's a WORLD problem since most of the world is setup the same way. The people who set this system up set it up to make money from nothing, that's it. They never imagined the world we have today where money is transferred around the world shifting economies daily. Macroeconomians and the Keynesian's are way out of date as well. The world economy is BROKE. The problem we now face is those who rule by the current system don't want to give it up because if they do then they are broke.