michael94
Member
- Joined
- Oct 11, 2015
- Messages
- 2,419
The Federal Reserve can only create Central Bank Reserves that are limited to interbank circulation. They are treated like digital cash, but non banks ( us ) dont use them. The Federal Reserve acts on behalf of private Banks when they need Reserves for settling payments, but the money we use is created by Real Estate speculation ( mostly ) although tied to the Reserve circuit. What you see in your bank account statement was not made by the FED but Wells Fargo, Chase etc. The FED is just there to accomodate private Bank dealings, or when the Government requests spending.No. It was created by one central organisation. The Federal Reserve.
Don't worry you'll get all the communism your little heart can desire when this "Great Reset" kicks into action properly
Split-Circuit Reserve Banking — sovereign money