Now, who controls all of our money? We know you and I don't control it. Our employees don't control it. The companies they work for don't control it and it doesn't come from the government. So who does and where does it come from in the first place.
It's such a simple question which is never taught in school for some reason. unfortunately, most people lives are basically dedicated to money, it's all people ever worry about we go to school then university to get a good job so we can trade hours of our lives all for this thing called money. So why wouldn't you what to know where money comes from?
What does a central bank actually do?
A central bank is a central entity that manages a countries money supply and it can loan money to the government with interest in the United States and most other countries work like this. bond from the government the Treasury through the banks gives the IOU to the federal reserve the Fed then writes a check for this IOU and hands it to the banks then this is exchange at the banks money is created and this can be used to pay government bills.
Where does money come from?
So you might be thinking where does the Federal Reserve get the money to right this check< they get this money from nowhere they literally just create it. They basically right a cheque from an account that has no money in it The money the federal reserves makes can be used as legal tender to buy things and eventually makes its way into the real economy if you and I did that we would go to jail for fraud, but they can because they were the one that created the system.
With all that being said But there is life and the end of the tunnel with the new global movement with thoughts who are rejecting the debt based fiat currency by moving the money into Gold, Silver and crypto currencies like bitcon so there is light at the end of the tunnel i just hope we can continue to push cryptocurrency out there end the banks.
-Antonio Anderson
Steem on my friends!