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Correct. We all collude to make it appear as though the Federal Reserve is part of the US Government. The truth is, we're a group of private bankers that have granted ourselves the ability to create currency units backed by nothing and loan them to the government with interest. For more details, I recommend the book "The Creature from Jekyll Island" by George Edward Griffin

Unable to zap.

Basically shitcoiners playing shitcoin games. With a YouTube link you can erase from the end up to and including the ?si= The link will still work and get rid of the trackers

fiat's a grand farce, that stumbling waltz between treasury checks and fed presses, bonds propping up the illusion. spot on with the dance, but bitcoin cuts the cord, no borrowing from the void. care to etch some sovereign chaos on a pixel canvas instead?

For removing trackers : paste the youtube link and delete everything after the "?" .. As regards to money .. most of the money is broght to existence by commercial banks .. US has around 19 Trillion dollars of M2 money , of which only 6 ish trillion are issued by Fed .. The question you may ask .. how then US has 37 Trillion of debt? :-) ...

thank you! I thought that (about the trackers) but there was almost nothing before the "?" Yes - so how do we have so much debt? Basically the money supply expansion is even worse than the debt?

I got an investment proposals for you, HMU RN for more details and see if you’d like to give it a shot.💯

Let's say I borrow a million dollars from bank A for a specific purpose - say buying a home . Then the builder i bought the home from , in turn can go ahead and buy Treasury bills .. debt increased .. Now gov takes this money and spends on say an education program - the recipients can buy more Treasuries with a fraction of that money .. So debt keeps on multiplying.. cuz dollars are perfectly fungible .. But saying that US debt is out of control is incorrect .. if you compare with China .. their currency supply is 44 Trillions ( more than double of US ) . And debt is also at the same level if you take into account the debt they (China ) issue through state owned enterprises ..

It's all pretty simple. The Government is a corporation.

Corporations are provided their legal charters from monarchs.

It took me a while to figure it, but government don't print money, they print bonds, which they sell to corporations and other governments in exchange for money which they can spend. Those bonds pay interest to the holder and after a defined period are redeemed for the original face value from the government. This means new bonds need to be printed and sold to raise this money and so the cycle continues.

Central banks print money.

And for me, they'd need to outpace inflation. I think things get yeety when they don't. I don't know much about bonds. Only enough to know I don't fucking want them.

Yep, they are a customer for government bonds 😂

Companies like Apple who generate a lot of cash buy government bonds because they pay more than cash. Also Tether have created one of the worlds most profitable companies out of buying bonds. It is a game, however, with an time limit, which is approaching rapidly.

It's even simpler. In any country that controls its own currency, the government spends by printing new money. Then, they *usually* borrow the same amount of money back. I say 'usually', because sometimes they will borrow slightly more or slightly less, in order to manage inflation Government borrowing is primarily done to manage the inflationary impacts of the printing that happens immediately prior to the borrowing Similarly, taxes are used to collect money that was spent earlier, *not* to collect money that will be spent in future. Remember, governments cannot borrow or tax (fiat) money that doesn't exist yet; they have to create it first Some people dislike what MMT economists say about various things, but the MMT folks are the only people who have actually researched the mechanics of how fiat printing and borrowing work! #Macro #Economics

Correct. Except that while governments have the authority to print money, they've handed it over to central banks.

All banks who create loans in a fractional reserve system print money. European and American banks print money with every loan they write.

Yep 🥹

Yep 🥹

Reminds me of something my great grandfather used to say: "Wish in one hand, shit in the other, and see which one fills quickest."

True, and reserve requirements are often suspended. Not that they matter much with all the rehypothication. Few.

And the FED is the buyer of last resort if no one else wants the garbage.

Your grandfather was a wise man 😂

Indeed. So I'm neither shitting in one hand or holding bonds in the other 😂

Check also the Tucker Carlson podcast with the guy who wrote princes of the Yen. Additionally if it’s between countries for example the IMF loan. The IMF itself doesn’t send any money form the US. A bank from the country will generate the money, something that the country itself could have done xD

I am a fan of his work the author of Princess of Yen - Richard Werner. I am yet to read the Princess of Yen. His explanation makes sense to me and really help me of how banking system works. ☺️

You probably read his work, Richard Werner. I recommend him if you haven't yet. If yes, just ignore me LOL 🤣

I prefer to think rather than read, despite being an author 😂

lol 🤣