Money is sent from "nothing", meaning there is no actual account which it is drawn from, just numvers on a screen. Then the recipients get real money, despite that money not actually having been withdrawn from an actual account?
The same way banks finance your mortgage. They don’t have the money, they don’t actually pay for it, yet you pay them back with interest for something they didn’t pay for (probably for 30+ years). It is all smoke and mirrors, an illusion, and people are finally going, what?
Yes. It's called fiat money and it comes from nowhere. This is what's in your wallet and bank account. This is what the Federal Reserve does. And when they create this fiat money it is loaned into the system and we, the people, must pay it back, with interest.
Am I understanding this correctly?
Money is sent from "nothing", meaning there is no actual account which it is drawn from, just numvers on a screen. Then the recipients get real money, despite that money not actually having been withdrawn from an actual account?
Someone please clear this up a bit fir me.
The same way banks finance your mortgage. They don’t have the money, they don’t actually pay for it, yet you pay them back with interest for something they didn’t pay for (probably for 30+ years). It is all smoke and mirrors, an illusion, and people are finally going, what?
Yes. It's called fiat money and it comes from nowhere. This is what's in your wallet and bank account. This is what the Federal Reserve does. And when they create this fiat money it is loaned into the system and we, the people, must pay it back, with interest.
That's what I understand.
That doesn't sound anything like how the FED is supposed to create money.
https://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp
Must be magic fukery.
Howls. I bet.
Frens, if you have people who do not know, please make sure you send this.
I want one. Does Amazon carry these?
Don't compete with the DS government. You will be disappeared really quickly.
Fourteen you say? Hmm
I want one.
Where are these 14 Magic computers actually located? Anyone know?
I would not.