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2006-11-22 06:52:19 · 5 answers · asked by Anonymous in Politics & Government Government

5 answers

this is tricky it is the federal bank, but they can only print money if the congress ask them to. in simple terms the congress bowers 1 billion. the feds keep a log and then print the money. and give it to the congress which in tern gives to the people they owe.
now here is where it gets tricky.
joe somebody goes up for a bank loan. the bank ask him for all his information. the bank decides to give a loan out to joe somebody.
now pay attention here
the bank ask the feds or commercial bank or world bank or a really big bank for a loan. The big bank says I will loan you 100 dollers for every two dollers of a monthly average of the total balance in your accounts. so the bank totals all their custermers accounts say it adds up to 2 billion they can get a loan of 100 billion at a fix rate of about 3.75 percent (as of today the fed rate changes now and then) then the bank gives the money to joe somebody. and collects anywhere from 6.5 - 22 percent.


Now when the congress ask the fed for money the inflation goes up to a ratio of the amount of money they ask for and how much money is in circlation.

at that is where U.S. money comes from world money is simular.

hope this helps

-David-

2006-11-22 07:05:46 · answer #1 · answered by David M 2 · 0 0

The Federal Reserve controls every dollar, they request the making of money, having dollars produced very cheap, then loaned out charging an interest rate so they can line their pockets with the profits. Eventually our dollar will collapse and that's what is needed to bring the US to it's knees. Every country is jealous of the successes of the US, the US is fast becoming nothing but a residence for the poor who send money home to hundreds of countries to help make those corrupt countries rich. The only way these poor people can do all this is if we offer free everything to allow them extra cash flow to ship home.

By the way, there's nothing "Federal" about the Federal Reserve. It's comprised of private wealthy bankers who's only mission is to get wealthier.

2006-11-22 15:29:43 · answer #2 · answered by humm 2 · 0 0

You mean who is incharge of printing new currency notes. then obviously there are central banks in every country that do this job. In US it is done by Buereu of Engravin and Printing.

2006-11-22 15:03:23 · answer #3 · answered by MindSweep 2 · 0 0

I would guess the central bank of whichever country you are in.

2006-11-22 14:57:44 · answer #4 · answered by concerneddd 3 · 0 0

the mint

2006-11-22 14:53:21 · answer #5 · answered by boy_jam_arch 6 · 0 0

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