When i say "you" that really means the legal majority, with majority rule & control over everything!
2006-10-28 08:06:38 · 10 answers · asked by bulabate 5 in Politics & Government ➔ Politics
No surprise most Americans do not understand who has this rule & control!
2006-10-28 08:16:27 · update #1
US Treasury Prints the Money on the order of Reserve Bank,The Money Belongs to the Bank,Then US Government borrows that money from Reserve Bank as it needs and has to pay interest on that borrowing.
2006-10-28 08:19:15 · answer #1 · answered by Dr.O 5 · 0⤊ 0⤋
Only the government knows the amount of gold to back the currency in circulation. If the majority controled the currency, the the dollar would be worth about 1 cent. No, the majority should not rule over everything. Dream on.
2006-10-28 15:15:44 · answer #2 · answered by old_woman_84 7 · 0⤊ 1⤋
The US Treasury decides. It would be insane to let the public decide. If too much money is printed, then the value of the dollar goes down. How would you like your paycheck go up from $100 a week to $200 a week, but a burger costs $20! Not saying the fed's do a great job, but they have a lot of money and it is in their best interest, and ours, to keep it worth something.
2006-10-28 15:12:28 · answer #3 · answered by xorosho 3 · 1⤊ 1⤋
Currency, ha, try educating the American public on that one. We'd lose all our power in a day to China. Our system now is fine.
Stock markets have alot of influence, but it's the Federal reserve that prints and controls USD.
2006-10-28 15:16:18 · answer #4 · answered by Anonymous · 0⤊ 2⤋
The US Treasury Office which to my knowledge is nonpartisan, and all decisions are based on the condition of the current quality of moneys in circulation. so I trust them to keep the economy solvent and not to flood the market with worthless bills like the CSA did during the civil war
2006-10-28 15:10:30 · answer #5 · answered by janssen411 6 · 1⤊ 1⤋
Federal reserve has that power, no I don't want people - or the leagl majority to choose - a lot of people who i have met that vote, have never done the research of who they area actually voting for.
2006-10-28 15:19:09 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Its called monetary policy. Its governed by the currency market. The prez and ederal reserve board of governors would decide this.
2006-10-28 15:18:22 · answer #7 · answered by Anonymous · 0⤊ 1⤋
The UNITED STATES TREASURY DEPARTMENT is the only authority to print money and no one else
2006-10-28 15:13:43 · answer #8 · answered by Vagabond5879 7 · 0⤊ 1⤋
The amount of money printed is based on the amount of gold in the government's possession.
2006-10-28 15:11:03 · answer #9 · answered by TJMiler 6 · 0⤊ 5⤋
I think it should be YOU. You're trustworthy....right? LOLOLOL
2006-10-28 15:12:30 · answer #10 · answered by gokart121 6 · 1⤊ 1⤋