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RE: The Creature From Jekyll Island Ch 5 Breakdown by G. Edward Griffin
The Federal Reserve "creates the money out of nothing" and lends it to the government. The government guarantees repayment directly and indirectly via taxation and inflation at the expense of the taxpayer.
why can't every poor country does that
Because if you print money out of nothing, inflation occurs. This causes prices to rise. Eventually the money becomes worthless and this leads to hyperinflation. Look at Venezuela right now. They are one of the most rich and abundant natural resource countries in South America, but corruption and socialism has ruined their currency. The more money they print, the less valuable it becomes. If they were smart, they would purchase Bitcoin and precious metals such as gold/silver.
Have ever seen the money master video? Very long very in depth. He does go into a solution but it could never be implemented in todays government.
I just typed in Money Master in YouTube and Tony Robbin's videos came up. Is that what you are talking about?
Try the money the masters
https://www.youtube.com/results?search_query=the+money+masters
Thanks for the link. I was having a hard time finding it. I'll be sure to check it out.