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re: Can anyone explain to me why the entire world banking system
Posted on 11/21/22 at 3:23 pm to RoosterCogburn585
Posted on 11/21/22 at 3:23 pm to RoosterCogburn585
The real issue are the Central Bankers.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
Constitutionally, our government has the right to print/coin money…. But Woodrow Wilson said no, we’d rather pay the Federal Reserve to print it for us???
Greatest tyranny ever perpetrated against the American people.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
Constitutionally, our government has the right to print/coin money…. But Woodrow Wilson said no, we’d rather pay the Federal Reserve to print it for us???
Greatest tyranny ever perpetrated against the American people.
This post was edited on 11/21/22 at 3:24 pm
2
Posted on 11/21/22 at 4:25 pm to Reservoir Ag
quote:We don't.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
The Federal Reserve earns interest on its holdings of U.S. government bonds just like any other holder of government bonds. The Fed is not a line item expense on the Federal budget.
The reality is the Federal Reserve is a lender to the U.S. government (by buying U.S. government bonds), not a borrower.
quote:And it does.
Constitutionally, our government has the right to print/coin money…
quote:
The job of actually printing the money that people withdraw from ATMs and banks belongs to the Treasury Department's Bureau of Engraving and Printing (BEP), which designs and manufactures all paper money in the U.S. (The U.S. Mint produces all coins.)
The Fed then distributes that currency via armored carrier to its 28 cash offices, which then further distributes it to 8,400 banks, savings and loans and credit unions across the country. For the 2020 fiscal year, the Fed's Board of Governors ordered 5.2 billion Federal Reserve notes—the official name of U.S. currency bills—from the BEP, valued at $146.4 billion.
Who Prints Money in the U.S.?
Posted on 11/21/22 at 4:54 pm to Reservoir Ag
quote:
Greatest tyranny ever perpetrated against the American people.
quote:
99 "Permit me to issue and control the money of a nation, and I care not who makes its laws. Mayer Anselm Rothschild, 1790" (1791 was the establishment of the First Bank of the United States.
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