The US government is the most successful financial system in history.
Every dollar the US creates out of flax and cotton and puts into the economy makes 97¢ profit for the US government, which is called seigniorage and they make even more profit when they sell them as treasury bonds or loan them out at the Fed Interest rate.
It is the government's money. They create it, protect it and back it. They can take your money anytime they want and you are not allowed to destroy it.
It is also the U S Government's financial system.
Taxes are the fees people pay to use it to be able to make money.
It is the most successful financial system in the history of the world, creating far more millionaires than any other nation.
This makes it the most sought after and valuable economic system giving U S businesses a tremendous market advantage, at a presently very discounted price.
https://bit.ly/33oLzur post link
Are they planning to change U S currency ?:
- CNBC on LinkedIn April 7th, 2023
How much money the U S Mint (Federal Bureau of Printing and Engraving) creates each year:
- paul revere currency
massachusetts colony rising sun currency circa 1690 ty great western mass forum and katharyn barla rivet
history of the u s dollar wiki
so i found some things out because of where i'm from and since fdr helped me i'll try to help you, America
the u s government creates its money out of 75% cotton and 25% flax near where i'm from and the u s federal reserve says it makes 93 cents profit from each dollar bill it creates and that's called seigniorage
tho coin news said it payed 1.76 ¢ in 2020 for each u s penny minted
this matter .com says it costs almost nothing for the u s to create an electronic dollar, making the seigniorage profit for the u s almost 100%
in february 2021 wikipedia said the u s had 2.10 trillion u s paper dollars in circulation:
ranked red says there is over $ 1.3 quadrillion (one thousand billion) u s dollars in use counting what are called m0 (zero), m1, m2 and m3 dollar amount classifications:
It is also the U S Government's financial system.
Taxes are the fees people pay to use it to be able to make money.
It is the most successful financial system in the history of the world.
after i posted this, the crane paper currency was sold in 2017 to crane products which is partialy owned by thomas evans' son robert s evans
after i posted about it, crane stationary in north adams, which is owned by mohawk paper in cohoes, ny, cut its workforce because of covid
'corey, the government paid chevy chase's family to weave the money out of cotton & flax near where i am from now robert evans from the mellon family that owned (owns) gulf oil before it merged with the rockefellers' chevron owns the dollar making factory
the dollar making factory is 10 miles from the cotton mill that became berkshire-hathaway
the government prints the money itself, (or at least the money the mellon family and berkshire hathaway aren't secretly printing themselves) makes a profit, called segniorage, off every dollar it creates
the government's economic system creates the wealth and taxes are the fee the rich people pay bargain basement rates for to use the system to get rich'
the u k prints its money....
not only that but the government makes a profit from the treasury bills it first sells to and then buys from the private member banks to spread the paper dollars into the economy and the banks make a profit when they buy and then sell the treasury notes back to the u s government plus interest the federal government pays with the new money it creates
the member banks make a gauranteed 6% profit every year:
there are $5 trillion in paper and coin currency in circulation in the whole world counting them by using u s dollars
they also say there are $1.5 trillion in u s paper and coin currency in circulation and $14 trillion in total u s currency in existance
remember, adam smith, milton friedman and ayn rand made their fortunes telling the wealthy what they wanted to hear when they were told to
u k forfeiture of cash
it's the government's money
how does the money get from the government to the rich people ?
what is a member bank ?
who are the federal reserve member banks ?
'A member bank is a commercial bank that’s part of the Federal Reserve System. These banks maintain reserve deposits in the Federal Reserve Bank in their districts. National banks must be members; state-chartered banks may join by meeting certain requirements. In total, 38 percent of the 8,039 commercial banks in the U.S. are member banks.'
'In addition, the stock may not be sold, traded or pledged as security for a loan. By law, dividends to member banks are limited to 6 percent per year. Still, that’s not bad when compared to the Nasdaq Composite, which wrapped up 2016 with a net gain of 7.5 percent.'
- member banks
''Ownership. Member banks purchase stock in their regional Federal Reserve Bank and, as stockholders, play a role in the election of the Federal Reserve Bank's board of directors.'
the fed gets the money from the treasury department:
More than 30 years ago nuclear scientists at the Lawrence Berkeley National Laboratory (LBNL) in California succeeded in producing very small amounts of gold from bismuth, a metallic element adjacent to lead on the periodic table. The same process would work for lead, but isolating the gold at the end of the reaction would prove much more difficult, says David J. Morrissey, now of Michigan State University, one of the scientists who conducted the research. '
'Additions to that supply come directly from the two divisions of the Treasury Department that produce the cash: the Bureau of Engraving and Printing, which prints currency, and the United States Mint, which makes coins. Most of the inventory consists of deposits by banks that had more cash than they needed to serve their customers and deposited the excess at the Fed to help meet their reserve requirements.'
More than 30 years ago nuclear scientists at the Lawrence Berkeley National Laboratory (LBNL) in California succeeded in producing very small amounts of gold from bismuth, a metallic element adjacent to lead on the periodic table. The same process would work for lead, but isolating the gold at the end of the reaction would prove much more difficult, says David J. Morrissey, now of Michigan State University, one of the scientists who conducted the research. '
fredrick vanderbilt field who was raised in lenox, mass was denied his inheretance by his grandfather, frederick william vanderbilt, for investigating and not changing his socialist views
i once purchased a brownie from his cousin former oss special operations executive officer and republican governor of rhode island william vanderbilt lll who retired to our hometown and rescued a store
the brownie was pretty good but it was like $4 in 1980
they were all descended form cornelius vanderbilt who once famously said: 'What do I care about the law - ain't I got the power ?'
the store was near the hall house which bordered the field farm which was next door to thorvale which bordered cricket creek farm
mr vanderbilt had operated the short line bus line in lower ny and operated cricket creek farm in south williamstown which still offers artisanal bakery goods
monopoly short line
wiki says frederick vanderbilt field was also descended from cyrus west field who installed the first trans atlantic telegraph cable
cyrus west field owned a newspaper and owned a paper company that collected old pieces of cloth (originally ladies undergarments) providing material for the money factory to use in their printing process
cyrus west field created field park and christmas lake in our town and invited president garfield to the town's college to speak at commencement when garfield was assassinated by doctors after being shot by charles guiteau
cyrus's son owned the stock market firm lindley & field was injured - causing psych problems - falling off a horse and then lost most of the family's fortune in a stock market crash
cyrus died of malnutrition 😪
charles webb wrote 'the graduate' for $10,000 after graduating from the college in our hometown
he refused his father's inheritance then bought a $65,000 in 1970 house in our home town which he donated to the audubon society shortly after and worked jobs at kmart, restaurants and a nudist colony to survive while writing 5 other well recieved novels while living a life of near poverty
he also donated the copyright to 'the graduate' to the anti defamation league
the singer featherweight sewing machine was claimed to be the best selling sewing machine ever
frances sterling clark - who allegedly, according to two time medal of honor awardee general smedley butler, plotted a fascist coup called business plot with prescott bush to overthrow fdr - became richer than ever after the singer sewing machine introduced its featherweight in 1933 the year social security was created and women retirees spent their social security checks to purchase, using the first installment plan ever, to earn extra income sewing at home
- the clark
u k austerity and top tax rate cuts caused massive credit rating drop
after ww1 germany saw hyperinflation from financing it's war machinery through debt instead of raising taxes
while the u s saw deflation by raising taxes during ww1 and the new deal
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