Who controls the money? An in-depth evaluation and history of our monetary system.
Relevance Podcast hosted by Mike Aikins7 Syys 2020

Who controls the money? An in-depth evaluation and history of our monetary system.

Most people’s lives are dedicated to money. It’s all people ever worry about or talk about. People train to learn the skills to get jobs to trade hours of their lives for money. But where does this money come from? And who controls it? What does it mean when you hear the terms Fractional Reserve Lending, Fiat Currency, or the Gold Standard?

The fact of the matter is, the US Dollar is the single most popular currency in the world, and is the dominant reserve currency in use around the globe. The USD is often called "The Greenback" in reference to its green coloring and can often be a favorite vehicle of traders looking to buy assets from or in The United States. When risk aversion runs high, traders will often look to buy US Treasuries, which can create demand for US Dollars.

How does the Federal Reserve print money and in the end, who has to pay for it? What is Quantitative Easing (QE) and where does the trillions of dollars printed, end up going? Does printing dollars out of thin air cause inflation, and if so, why does the fed continue to do it? Most people don't realize that the Federal Reserve is not a government agency, they are in fact, a private bank which can not be governed or influenced by the U.S. Government or any other public or private entity.

How can trillions of dollars continue to be printed out and given to people and businesses that are already rich, when most of the citizens of this country only get hundreds of dollars through a temporary stimulus plan? I encourage anyone listening to this podcast to read several books out there that go into detail about this subject. This will allow you to prepare for what's possibly coming next.

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