Currency distribution in the United States

Discussion in 'Economics' started by FireWalker, Jan 3, 2016.

  1. Who creates cash and destroys cash? Who controls the cash distribution network in the United States? Who can revoke bank charters and control distribution, terms, and fees all the way to the ATM?

    The answer is Janet Yellen, Federal Reserve chairperson.

    Examples:
    1. As Janet Yellen controls the bond purchases from the Treasury, she can dictate Congressional budgets (how it is spent/distributed).
    2. As Janet Yellen controls the debt structure and rollovers, she can revoke charters of Wall Street firms, and dictate fee and debt structure.
    3. If accounterfeited digital cash is found in a billionaire's bank account, it can be confiscated and destroyed.

    That effectively makes her the "boss" of all Americans.
     
    cdcaveman likes this.
  2. and if you try to escape her by buying farmland in a remote area some Federally sponsored Environuts will come along and own you...
     
    FireWalker likes this.
  3. Maverick74

    Maverick74

    Not that anyone cares but items 1 through 3 are all false. But this is ET so......look, there's a unicorn over there! LOL.
     
  4. All true, I am afraid. Perhaps you lack imagination.
     
  5. Maverick74

    Maverick74

    I have a great imagination. Just looking for the facts here.
     
  6. Sig

    Sig

    I do not think that word, true, means what you think it means!
     
  7. Janet Yellen might not be aware of the extent of her power.