What’s Twitter? And its shopping for of the securities will not be with outdated money already in existence drawn from the reserves of the member banks of the Federal Reserve, but newly created money-authorities money-created by powers delegated to the Fed by Congress based on Article I sec 8 of the Structure, the power to “coin” Money and regulate the value thereof.
When studying your English version you may notice “earth” being used greater than the stated 16 instances. Generally we must always simply have fun with love. “Think of economic banks, that get spooked by economic news, and withdraw their loans to guard their own interests, which shuts down those debtors’ enterprise, which in turn lay-off workers,who in turn withdraw their cash from the banks, thus driving the banks out of business anyway.
It by no means succeeded earlier than because of the highly effective enterprise and vested interests that opposed it. In Harry Truman’s day, the American Medical Association assessed its members an extra $25 in dues to struggle Truman’s universal health care plan, and the AMA gained. So, if we will show that the Fed’s skill to create new credit score money out of thin air when …
