Joke Collection Website - Cold jokes - Is the Federal Reserve an American private bank?
Is the Federal Reserve an American private bank?
However, it is a joint-stock institution, with several private banks contributing to share the shares of the Federal Reserve Bank, and its members are shareholders of several large private banks.
Although the chairman of the Federal Reserve is appointed by the President, its members are appointed by several banks. They participate in the opinions and economic planning.
Bankers indisputably control the lifeblood of the American economy. As long as they are willing, they can issue more US dollar bills and increase the money supply. (See explanation below)
The data were released several years ago, but the Federal Reserve has not released M3 (broad money supply (see explanation below)). In other words, you don't know how much money the United States issues every year.
The reason why they don't publish it is because the data of money supply in the United States can no longer be used as an accurate indicator for formulating monetary policy.
I once discussed this matter angrily with a colleague, and I said, "The Federal Reserve will not release M3 data."
"This shows that people are very honest!" Colleagues said.
"How did that happen? If it sends more money, it won't tell us. " I asked.
"Yes! I didn't tell you, but it's better than someone making up a data to lie to you! It's not lying to you-it's honest. "
"Well, it didn't lie to me ... ai! ! ! No! Isn't it cheating if it doesn't tell me if there is such logic? I won't lie to you, but I won't tell you! This logic is also right! Is it also honest? Joke! " I shouted.
"But at least I didn't lie!" My colleague left with a smile.
I am still in a daze.
04:47 May 2, 2008
According to the latest weekly money supply report released by the Federal Reserve on Thursday, after seasonal adjustment, the money supply of M 1 increased by 1.94 billion US dollars to 1.372 trillion US dollars. M2 money supply increased by $27.9 billion to $7.693 trillion.
Money supply (also called money stock)
Refers to the total amount of currency in circulation at a certain point in an economy. It mainly includes cash, deposits and other financial assets of financial institutions owned by organs, enterprises and institutions and urban and rural residents. Because many financial instruments have the function of money, the stock of money has narrow and broad definitions.
If money only refers to cash in circulation, it is called M0;
M 1 in a narrow sense refers to cash in circulation plus bank demand deposits, in which demand deposits only refer to the demand deposits of enterprises;
A broader definition of money M2 refers to M 1 plus residents' savings deposits and enterprise time deposits;
M3' s broad money supply is the money supply of a country. Money supply is an important goal of the central bank's monetary policy operation, and its change also reflects the change of the central bank's monetary policy, which has great influence on the production and operation of enterprises, the operation of financial markets, especially the securities market, and the investment behavior of individual residents. When the money supply is insufficient, the market commodity prices fall, production decreases, investment is weak, and the economy shrinks; When there is an excess of money supply, market commodity prices rise, production expands, investment is strong, and the economy is prosperous. Of course, the shortage or surplus mentioned above is limited. If it exceeds a certain limit, the money supply will easily become the source of deflation or inflation.
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