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Just how much money does the Fed have? The
amount of money in private hands such as savings accounts, investments,
bank accounts, etc. can be quantified.
Now; I believe that the Fed is comprised of
privately owned banks who can use their various
moneary tools to either create or tighten the
so-called money supply. But; how much money do
they really have at their disposal? Because
of their ability to create money out of thin air using
the fractional reserve system; can one say that
they have a virtually unlimited supply of money?
How does their supply or available money; measure
up against the amount of money held in
private hands? It seems that if the amount of
money held privately dwarfs the amount of money
held by the Fed; their actions would have less
effect on their regulation of the economy. Or; do these
12 private banks have SO, SO MUCH money the dog can
wag the economic tail?
I stay confused on subjects like this. I
suppose the reason I'm asking is that I just read that the
Government can seal our money in three ways:
taxation, nationalization and inflation. Somehow;
this ends up in the hands of the bankers; although
I really don't quite understand the process.
Thanks for any thoughts or comments.
chas
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