Money
Where does money come from?
If you said from the bank, that people have deposited then you are obviously in the wrong blog space
We all know that the reserve bank issues money to the banks to distribute to us ,the customers and that if a bank receives $1 million in deposits it can, and does, lend out $10 million in loans that it then receives interest on. In effect the bank makes money from lending money that it doesn't have
But the next question has to be , where does the reserve bank get its money from that it distributes to the local banks,does it simply "print" more money or does it, as some would have us believe borrow from the International Monetary Fund (IMF).
If we do borrow from the IMF then where do they get the money from.
Do they just "print" it as well , I highlight the word print because there is no such thing now as printed money it is merely a number, a book entry.
The following is a list from the IMF of defaulting countries
Who are the IMF?
Where does money come from?
If you said from the bank, that people have deposited then you are obviously in the wrong blog space
We all know that the reserve bank issues money to the banks to distribute to us ,the customers and that if a bank receives $1 million in deposits it can, and does, lend out $10 million in loans that it then receives interest on. In effect the bank makes money from lending money that it doesn't have
But the next question has to be , where does the reserve bank get its money from that it distributes to the local banks,does it simply "print" more money or does it, as some would have us believe borrow from the International Monetary Fund (IMF).
If we do borrow from the IMF then where do they get the money from.
Do they just "print" it as well , I highlight the word print because there is no such thing now as printed money it is merely a number, a book entry.
The following is a list from the IMF of defaulting countries
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