This is also helpful:
http://www.investopedia.com/articles/basics/03/061303.aspBTW, in this article there is the admission that
Conclusion
Remember, as long as people have faith in the currency, a central bank can issue more of it. But if the Fed issues too much money, the value will go down, as with anything that has a higher supply than demand. So even though technically it can create money "out of thin air," the central bank cannot simply print money as it wants.
I would like to ask the economist? who wrote this bumf:
Who among us, rich or poor, does not want (that is, demand) more money?
When was the last time you threw away your cash because you did not believe (have faith) it would buy you something?
There is lots of faith in cash, and there is lots of demand for it. THE BOTTOM LINE IS: WE NEED A MORAL, ETHICAL, DEMOCRATIC,AND BETTER SUPPLY SYSTEM, not one owned by one powerful monopoly. No wonder President Wilson took ill and died shortly after he made that awful deal...when was it? In 1914... THINK ABOUT THE FOLLOWING QUESTIONS
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Who owns the so-call Federal Reserve Bank of America? The USA?
Does the Bank of Canada REALLY belong to Canada?
KILLER AND YO-YO-LIKE INTERESTS RATES ARE PROBLEMATIC
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How come there is no Bank of Canada, on the corner, handing out loans--at a flat and cost-related fee--to entrepreneurs--ready to hire people with job skills and in need of work?
Unless I miss my guess, it is entrepreneurs with manageable loans and workers with good pay who are the ones who make and buy the things we need.
Workers with money can also afford fee-based loans from the Bank of Canada, to buy the things--for example, houses--they need.
And wouldn't this, in turn create jobs?
Our banking system must be designed to work for all of us, not just for the economic elite.
THIS IS NOT AN ANTI-BANK RANT; IT IS ANTI ROTTEN BANKING SYSTEM
Banks designed to serve the public good are needed.
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As admitted above: Our central banks have been given the power, by we the people, simply by fiat, to create money out of thin air.
If this is true, how come we have such a rotten and un-balanced system which only rewards a few at the top?
Most of us, if we are lucky enough to have a job, have to put up with living from pay check to pay check, carrying heavy debts and always in fear of foreclosure or crippling ill health.
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MORE QUESTIONS
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What is the relationship between interest and inflation?
What is interest? What is inflation?
What is a dividend?
Why do we have an autocratic money system?
Could we have a democratic one?
How come all those "experts" keep making all those BIG mistakes in running the economy--and keep getting paid? Or are they really mistakes? HMMMMMM!!!!!
There is an old saying:
When big corporations want to make money they simply create chaos, offer to finance it and manipulate the politicians into making the people pay with taxes. Anyone wonder how come most governments (us) are in debt.
