2007-08-25 11:54:47 · 4 answers · asked by moralityisrelative1 1 in Social Science ➔ Economics
Your facts are wrong. Please look up information on the federal reserve. You are going to be shocked!
2007-08-25 12:07:34 · update #1
The currency is printed by the treasury department.
The money (cash plus deposits) is created by the government through open market operations like the government buying treasury bonds.
Although the details are more complicated, don't listen to a lot of that silly anti fed crap on the internet.
2007-08-25 12:23:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
In terms of ownership, well, the world is awash in dollars, whoever holds it owns it.
It is printed by the Bureau of Printing and Engraving at the request of the Federal Reserve System. It constitutes a liability against bank reserves. It comes from choices made to maintain the current fiduciary standard the United States runs on.
2007-08-25 22:07:58 · answer #2 · answered by OPM 7 · 0⤊ 0⤋
The money is owned by the government and is minted and printed by the US treasury department.
2007-08-25 19:02:45 · answer #3 · answered by j 4 · 0⤊ 0⤋
China owns most of it and the gold standard is no more so it just floats and is not real.
2007-08-25 21:31:59 · answer #4 · answered by Anonymous · 0⤊ 1⤋