The united states, the US dollar is the nation’s fiat currency. It all starts off with the US Treasury whom creates bonds which are government IOU’s that are paid back using a specific time period with curiosity.
The entire system of producing money from nothing is a complete scam. It all starts with the Federal Reserve and the YOU AND ME Treasury exchanging IOU’s. Your check is an IOU for cash and a connection is an IOU to be refunded with interest at several later date. Cash makes existence once the Fed problems someone a check.
The Treasury holds regular auctions to sell off a bonds to primary merchants, who are the major bankers. Then the US Federal Save enters the game by getting all the bonds from the bankers through something called “open market operations”.
This is the Ultimate Government backed and sponsored pyramid scheme, the place only the banking top dogs who own the Federal and other central banks around the globe, massively profit by stealing from generations of innocent citizens.
Within the commercial banking sector we now have what I refer to as “magic money creation” which is actually called “Fractional Reserve Lending”. Here is an example of how fractional reserve lending works. Let’s pretend someone deposits $100. 00 into a bank account, the bank which usually received that deposit is right now legally allowed to remove $90. 00 or ninety percent of your deposit and re-lend it to someone else.
Thereby actually leaving your bank account with only $10. 00 or ten percent of your 100 % deposit. However your bank statement will still demonstrate the entire $100. 00 greenbacks or one hundred percent of your bank, on deposit in your profile.
At last over time, there becomes too much bonds at the Fed and cash in the Treasury. That Treasury now takes that excess cash and tissue it into the various twigs of government.
Once again nothing backs these dollars except IOU’s. Furthermore, for the hard work every single US citizen does to help you earn his or her salary, a portion of it eventually ends up in the Treasury in the form of income taxes. This is what pays the principle and interest on the bond that the Fed bought with a verify from nothing. US citizens are actually forced into paying fees for the use of our current money supply system.
Which is in that case spend on wars, military, united states government salaries, social programs, general public work projects and other debts spending that keeps concerning re-occurring. Next all those governing administration employees and military workers take their salaries and deposit them into a variety of bank accounts throughout the country. This is how the fiat money now enters the commercial banking sector.
The next person after that comes along, and borrows revenue. Once the new borrower will pay the seller for what that they bought the money again is usually re-deposited into the bank and there is $271 dollars at deposit. This creation in money through deposits and loans (fractional reserve lending) keeps re-occurring to where at some point your original $100. 00 deposit has grown to make sure you $1000. 00 (ten instances the purchase medrol online amount of your original deposit) in fiat currency constructed from the bank.
Once again the banks go back to the US Treasury auctions the next month obtaining more bonds and providing them to the Federal Preserve. And every month this pattern of buying and selling makes on getting repeated.
The person who received your cash from the bank as a loan will use it to buy something such as a car. Then that person will pay the car dealer with the money he borrowed. Right now the car dealer will deposit this money into your partner’s own account at the loan company. Now there is $190. 00 on deposit and the bank can legally steal Eighty percent again or $81. 00 and lend it out.
Nevertheless, it’s important to note, that when any Fed writes and difficulties a check, there is no money what so ever on the account to cover the amount of which usually check. The account those checks are written coming from will always carry a zero balance. Therefore each individual dollar that exists, is normally borrowed and must be reimbursed.
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