Masters Of Money

Masters Of Money

Bank is a financial institution whose major exercise is to act as a payment agents for customers, and to borrow, lend, and, in all trendy banking systems, create cash. It is misleading to think that the current Treasury has any money by any means. In actual fact the taxes we pay are used much like the Feds deposits into the fractional reserve system. The IRS only collects about 200 billion in taxes. Yet we’ve routinely seen budgets that exceed this quantity, 12 months after yr. Think leverage. The federal government has about 200 billion in “actual” money but has created... Read More