Money comes from value and the obligation to pay with value.
Money can have intrinsic value, but paper money does not.
Paper money just represents an exchange value.
The US Dollar is the world reserve currency and is tied to value in oil because it is illegal to buy oil for anything except dollars.
DeGaulle called the Dollar, "America's exorbitant privilege"...
Back in the 1950s and '60s, world governments could simply tip up at the Fed, tap on the "Gold Window", and swap their unwanted dollars for gold.
So that is exactly what de Gaulle did.
Starting in 1958, he ordered the Banque de France to increase the rate at which it converted new Dollar reserves into bullion; in 1965 alone, he sent the French navy across the Atlantic to pick up $150-million worth of gold
In 1971, Richard Nixon put a stop to de Gaulle's game. He stopped paying gold altogether.
De Gaulle called the Dollar "America's exorbitant privilege", repeating a phrase of his favorite economist, Jacques Rueff. This privilege gave the United States exclusive rights to print the Dollar, the world's "reserve currency", and force it on everyone else in payment of debt. Under the post-war Bretton Woods Agreement of 1946, the Dollar could not be refused.
Indeed, alongside gold – with which the Dollar was utterly interchangeable until 1971 – the US currency was real money, ready cash, the very thing itself. Everything else paled next to the imperial Dollar. Everything except gold.
And today?
"Printing a $100 bill is almost costless to the US government," as Thomas Palley, a Washington-based economist wrote last year, "but foreigners must give more than $100 of resources to get the bill.
"That's a tidy profit for US taxpayers."
This profit – paid in oil from Arabia...children's toys from China...and vacations in Europe's crumbling capital cities – has surged since the Unites States closed that "Gold Window" at the Fed, and ceased paying anything in return for its dollars.
Now the world must accept the Dollar and nothing else besides. So far, so good. But the scam will only work up until the moment that it doesn't.
http://goldnews.bullionvault.com/gold_do...
The Department of the Treasury prints our money. This money is distributed by the Federal Reserve Bank to banks all over America. No, money doesn't grow on trees. It's created on a government printing press.
I think the government prints out money, and the "branches" aren't really tree branches. There's a main bank, and the littler ones that "branches" off of it.
Money is like a draught. We don't where its coming from but we know where it's going.
Banks have money but if you want to float a loan they won't stop you.
A tree has branches but doesn't have money, that's nuts.
first used in urr a city in mesopotamia, the problem with the barter system is when you want to trade for services, it's okay to trade a goat for a coat, but what if you want someone to sow buttons on your new coat, you can't carry half a chopped up goat around with you so you need something convenient to represent value, used to be precious small things difficult to get like sea shells or gold but now it's trust..
money is trust that's all it is.. trust is finite and dictates how much cash a state can make, spred the trust to thin and the value of that cash goes down..
Bureau of Engraving and Printing
U.S. Department of the Treasury
There is NO money ,
It IS just digits, on a bankers computer screen, produced by a "banker".
Type a few digits,
and there is :
Money
for themselves, Ta da...
Well it would be,wouldn't it.
And you Pl@bs just ain't gettin it .
You just do as you're told, and pay Penance, oops tax to ME.
How DARE you question your SUPERIORS status.
ref :
Work.
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Where does the money come from, i can't think of any place where money come from, and oh If money doesn't grow on trees then why do banks have branches? plz answer this and some of my other questions which i have asked thanks
