Re:If money rules the world – who rules money? (2008) [pdf]
by corethree on Friday September 29, 2023 @02:26PM
(#37708268)
Federal reserve makes things equivalent to money and they use it to control the value of money. They do not own money.
Owners of money are those that actually own it in the bank. Then there are those who own it in the form of assets which also helps divert control of value away from the Fed.
In fact almost all rich people don't own money, they own some form of asset which has intrinsic value.
Owners of money are those that actually own it in the bank. Then there are those who own it in the form of assets which also helps divert control of value away from the Fed.
In fact almost all rich people don't own money, they own some form of asset which has intrinsic value.
Therefore rich people are the owners of money.