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Message Subject Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Poster Handle King David
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The money that is "Printed" is only the Cash in the System, it has nothing to do with how much new money is created.

All new money comes from Bank Loans, most of it are just 1's and 0's in a computer, just entries in a virtual ledger book.

Banks create money every time they make a new Bank loan, the Fed is a Bank, thus it can create money too, by expanding it's balance sheet the same way other Banks do.

As these loans are repaid the principle is voided, the money came from nothing and it must return to nothing. The interests on the loans the Banks keep as profits.

It's a sweet deal, they create money from thin air on a computer, then charge interest for us to use our own Nations only money source.

The thing is most people are to stupid to ever get wise to the con game, that it costs nothing for the Banks to produce this money, and that Government is a Puppet Show put on by the Banks to give you( The stupid People ) something to watch, other than them.

Well enjoy your day, stupid.
 
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