Got to watch Mike Maloney's Hidden Secrets of Money 4.
There's this question, however, that we're still searching the answer for...
1. The Treasury issues bonds / IOUs.
2. Banks buy the IOUs from the Treasury.
3. Banks sell the IOUs at a profit to the Federal Reserve.
4. The Federal Reserve issues a check (using a checking account that has a zero balance)
5. When the Federal Reserve gives those checks to the banks, currency just springs into existence.
How did the currency just spring into existence?
Looks like we'll need to watch Hidden Secrets of Money 1, where Mike Maloney explains the difference between Money and Currency.
Seven Stages Of Empire - Hidden Secrets Of Money Ep 2 - Mike Maloney
Death Of The Dollar - Hidden Secrets Of Money Ep 3- Mike Maloney
Want more videos?
Check out http://hiddensecretsofmoney.com/videos
Thank you to the online marketers who recently (and surprisingly) started passionately promoting programs which they earlier criticized, because this lead us to several other posts online whose comments included the link to Mike Maloney's video.
It's amazing how one event can lead to another, and somehow all combine into one serendipitous present.