All central banks siphon off wealth from their respective countries, through debt, paid via taxes. The debt they issue that winds its way into actual currency is calculated through a formula, which accounts for old currency that must be recycled/destroyed, etc. When credit cards became a thing, that vastly impacted the amount of actual currency required.
There exists a hierarchy of local banks to commercial banks to institutional banks, who report "up the chain" how much currency is required. They are all also required to have "on hand" a certain amount of assets to cover emergencies. As you might guess, there is an awful lot of "fudging" going on.
The money the "Fed" authorizes for spending through Congress is "printed" via a keystroke on a computer. It is loaned to the Treasury. In the case of the stimulus payments last year, the Treasury either cut checks or made funds available to individuals by direct deposit. No actual currency changed hands. It is all debt.
Over the decades since the Federal Reserve was created, the amount of stolen money is staggering.
The mathematical formula of the operation doesn't make sense either.. The Fed issues money as debt.. and that debt is owed with interest.. So the more money the Fed issues, the more debt is owed.. so eventually more and more debt is created without the ability to ever pay it back. The money that existed at the start of the Fed becomes a finite amount that no longer matters in the formula over time - so eventually the debt goes up and up until everyone but the Fed and its shareholders are poor.
Thanks for being one of the few OPs that actually interacts with people that reply to your threads. I have no idea on how this ruling and how the fed operates, (besides listening to an eBook about Jekyll Island) and when there is repertoire, it makes it easier for me (and others) whom lurk on specific threads such as this to understand the inner workings of these corrupt institutions.
If you believe what is being discussed over the grapevine, we will soon be carrying gold-backed currency. No more notes, or fiat currency. Russia has already made the switch.
The Federal Reserve doesn't "mint currency." It issues debt. The U.S. Treasury prints money.
Didn't Trump put the federal reserve under control of the US Treasury during his presidency?
Yes. Yellen ran the fed, she came back under treasury. So she technically is running Jay Powell, evil little penguin.
All central banks siphon off wealth from their respective countries, through debt, paid via taxes. The debt they issue that winds its way into actual currency is calculated through a formula, which accounts for old currency that must be recycled/destroyed, etc. When credit cards became a thing, that vastly impacted the amount of actual currency required.
There exists a hierarchy of local banks to commercial banks to institutional banks, who report "up the chain" how much currency is required. They are all also required to have "on hand" a certain amount of assets to cover emergencies. As you might guess, there is an awful lot of "fudging" going on.
The money the "Fed" authorizes for spending through Congress is "printed" via a keystroke on a computer. It is loaned to the Treasury. In the case of the stimulus payments last year, the Treasury either cut checks or made funds available to individuals by direct deposit. No actual currency changed hands. It is all debt.
Over the decades since the Federal Reserve was created, the amount of stolen money is staggering.
The mathematical formula of the operation doesn't make sense either.. The Fed issues money as debt.. and that debt is owed with interest.. So the more money the Fed issues, the more debt is owed.. so eventually more and more debt is created without the ability to ever pay it back. The money that existed at the start of the Fed becomes a finite amount that no longer matters in the formula over time - so eventually the debt goes up and up until everyone but the Fed and its shareholders are poor.
Loan shark debt slavery on steroids
IT'S CALLED ----> HYPOTHECATION!!!
Thanks for being one of the few OPs that actually interacts with people that reply to your threads. I have no idea on how this ruling and how the fed operates, (besides listening to an eBook about Jekyll Island) and when there is repertoire, it makes it easier for me (and others) whom lurk on specific threads such as this to understand the inner workings of these corrupt institutions.
Treasury. "Federal Reserve Note" -- "Note" meaning debt...issued by the Federal Reserve. It's a scam.
If you believe what is being discussed over the grapevine, we will soon be carrying gold-backed currency. No more notes, or fiat currency. Russia has already made the switch.
Damn good distinction and cleans up my understanding.