Who does the money belong to in this country?

Answer 1

That's a very good question. Considering the Constitution states that only the government may make money, but it isn't the government that actually makes it, what is truly going on?

Answer 2

Assuming you mean the U.S:

The money is a store of value and means of exchange, and as such it can be considered an asset and belongs to the person owning the asset.

Put it this way - you hold $10 in an account in your name with a financial institution. Who can lay claim to that $10?

China? Nope. Although a substantial portion of US Government debt (ie T-Bills) is held by Chinese interests (private citizens and government entities alike), these are debts owed by the US government and payable in US dollars to the T-Bill holders. This has nothing to do with your bank account.

The U.S. Government? Nope. Under the current tax structure, your income is taxable, but not your savings (unless of course, you are deceased, and there are substantial legal ramifications pertaining to the disposal of your wealth; for simplicity sake, we'll not address this here).

The Federal Reserve? Technically the notes are assets of the Federal Reserve Bank, but under the Federal Reserve system there is no mechanism by which the Fed can demand your cash (save, say, to update the notes on an even exchange basis, as was done in the early portion of the 20th century with war bonds and gold notes, and even then because the notes represent an asset, there is no change to your asset).

Hence, your money belongs to you.

Answer 3

China. We have a 9 trillion dollar national debt mainly to china to help fund our war and other programs in which we spend money we don't have.

Answer 4

The Treasury - if you mean legal ownership of notes and coins.