Questions for the expert in Modern_Money_Mechanics.
Buy SDRs? They are not for sale.
Does the IMF create them just to show them to their friends?
Their gold holdings are from the 70s when they confiscated the united states gold and left the gold standard.
So the fed cannot buy gold certificates?
The feds holdings serve as the reserves for the creation of loans inside the banking system. Chase, us bank and every bank in the country is a member of the federal reserve system. They put the nation in debt and manage the nations credit through the banking system and loans.
Only US banks have an account with the fed?
They have a monopoly on money creation and control the price of money and subsequently the price of all goods and services.
Can they price each good individually?
All federal reserve dollars represent debts in the system. All federal dollars are debt, not all money is debt.
I see. There's other currencies.
Dollars are only created when someone goes in debt to the banking system. Whether its a car loan or government spending.
That's what I'm denying, I didn't forget it.
Have you ever saw the image on my first links? The fed sometimes creates dollars by buying gold certificates or SDR (to the IMF) and I bet that also euros to the ECB and other securities.
Your link seems out of date or something. There's nothing about the dollar there.
Is that link what you have read about modern money mechanics?
Have you actually read any book on money or you send me to read while you watch videos?