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

Cuba1959–1964
Egypt1966–1968
CambodiaMar. 1975–Oct. 1992
NicaraguaFeb. 1983–Apr. 1985
GuyanaApr. 1983–Jun. 1990
ChadJan. 1984–Nov. 1994
VietnamFeb. 1984–Oct. 1993
Sierra LeoneNov. 1984–Sep. 1986
SudanDec. 1984–present
LiberiaDec. 1984–Mar. 2008
TanzaniaMar. 1985–Jul. 1986
ZambiaApr. 1985–Jan. 1986
The GambiaJun. 1985–Jul. 1986
PeruSep. 1985–Mar. 1993
JamaicaApr. 1986–Jan. 1987
ZambiaApr. 1986–Dec. 1995
Sierra LeoneJan. 1987–Mar. 1994
SomaliaJul. 1987–present
HondurasOct. 1987–Nov. 1988
PanamaDec. 1987–Feb. 1992
Democratic Republic of the CongoJun. 1988–May. 1989
HaitiOct. 1988–Sep. 1989
HondurasNov. 1988–Jun. 1990
IraqMay. 1990–Sep. 2004
Dominican RepublicAug. 1990–Apr. 1991
Democratic Republic of the CongoNov. 1990–Jun. 2002
HaitiNov. 1991–Dec. 1994
Bosnia and HerzegovinaSep. 1992–Dec. 1995
YugoslaviaSep. 1992–Dec. 2000
Central African RepublicJun. 1993–Mar. 1994
AfghanistanNov. 1995–Feb. 2003
ZimbabweFeb. 2001–present
GreeceJul. 2015–present
Who are the IMF?

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