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.
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!!!