Dave wrote:
Exactly what does follow the money mean? The highest per capita areas in the country are those in and around Washington DC. What other money are you following, and it following it what are you doing about it?
Okay this is a rough look at it not sugar coated.
I feel that you know as much about this stuff as I do.
Maybe even more. What is needed is to get a clean picture of just how the money system works. (Follow The Money)
The Fed & the banking system sucks money from the general public.
They do this by:
The Fed prints the money.
The government buys the money from the Fed with Treasury bonds.
Those bonds are the banking for the printed money.
The Government then pays interest on the bonds.
The Fed sells bonds to individuals & other governments.
The banks have made money in borrowing money from the Fed on one hand & buying treasury bonds earning money on the spread.
Most of what happens in the Fed is not open to the general public. The Fed does pay money to the government but it is not very open of just how much money they make & how much of that they pay out. For the most part the books are closed.
The IMF & most nations banking is tied together.
When we put money in a bank they have to set aside funds for reserves.
The percentage for checking, saving & CD vary.
At one time the rates were 16% for checking & 4% for savings.
That means that the bank could loan out S.84 on each $1.00
in checking accounts.
That is almost like printing money.
Is it fair to let people use your money in effect free.
Then change you fees to bank there.
I lack insight & the skill to put the words in good order.