The Control Of Money: Where The Money We Spend Originates From

in Project HOPE4 years ago

Money is required everywhere and anywhere by everyone, money is one item that cannot be ignored in any societal setting because it serve as a mean of exchange for both goods and services. Money is not limited to a particular currency, tribe or a group of people, it is however a general means of acceptance that people use for exchange irrespective of the colour, shape or texture it appears.

The Importance of Money.

Money is so important that it is the common basis on which most wicked activities exist, just to have money people do not care to claim the lives of those they care about and they do not care to destroy an already existing structure just to get money but while money is used for evil it can also be used to perpetuate good acts, so either it is for a good or a bad reason money is required in every sector. That is the reason why people spend years in college learning about how they can make money and become independent, people pay for online courses so they can make money, people learn vocational skills so they can begin to make money while offering services.

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The History of Federal Reserve System.

The first central banking system was created by William Peterson in the year 1694 after England had fought war that lasted for about fifty years, he raised an offer to provide the government with money which was of course to be printed out of thin air.

After some decades, the very wealthy successful men at that time decided to secretly create a private fund reserve in United States where the senate or even the press will not know about, after every idea had been settled it still had to pass through the congress for approval, in order to get the support of the masses these affluent men deceitfully took the newspapers and made publications by bankers that the idea of the central bank was a very terrible thing to the economy. Banks have been known to swindle money so the average man felt if banks were going against the central bank system, it meant there was something good in it and that was how the trust of the mases was gained and the bill to have a central bank was passed into law when majority of the senate were on holiday.

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Whoever controls the volume of money in any country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled one way or another by few powerful men at the top, you will not have to be told how the period of inflation and depression originates. - James A. Garfield, one time United State president.

The Federal Reserve System has Immunity.

The Federal Reserve System cannot be touched either by an investigating party or even the government. Every Federal Reserve in every country must have the U.S dollar as a part of its reserve which implies that every nation where there is a central bank is in one way or the other linked to the Federal Reserve System in United States.
This also means that there is a drop in the value of other currencies every time money is been created by the Federal Reserve.

The central bank of every nation controls the inflow and the outflow of the nation’s wealth, the central bank can also lend out money to the government which the government is supposed to pay back with interest. This means if there is any money needed, the central banks can just print out money.

I always wondered why countries had to always owe and the reason is because, this will give Federal Reserve System reasons to keep printing money. So the truth is wherever loans are requested from commercial banks, it gives them reasons to print money out of thin air.

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Money is something that moves us all, for better or for worse, but it will always be necessary to live and survive. As you say today you need money to get anything and most people are looking for strategies or tools to help them produce more.

Money is indeed really important, thanks for the comment.

This post has been rewarded by the Steem Community Curation Project. #communitycuration06

Hello @ben-edom

Thank you very much for sharing this post, you are very right the governments and the federal reserve control the emission of money at their whim which results in higher inflation. Excellent explanation about the origin of the Central Bank.

Thank you for the beautiful comment.

Seriously, it is very funny to realize that the entire money we are all crazy about is just some sort of piece that has been placed value upon and easily printable by some group of people.

Funny right! But there is nothing we can do about the system.

Money becomes a nightmare when countries abuse the printing csnti infinite amounts of inorganic money, making it impossible to control inflation and other factors

Thanks for sharing your opinion.

Federal reserve definitely controls every money we spend, so many of us spend money without having an idea on where it originates from, thanks for shedding light on that path.

Thank you for the comment.

@ben-edom money is the controller of the world. It can do anything and can flow from everywere. It's like mud in hands the more tight we grip it , it slips more.

Very correct, thanks for the comment.

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