Have you ever thought about the question “Where does money come from?”
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It would seem difficult to give an answer to this question, since everyone understands it in their own way: someone - “how they are earned”, someone - “who and where issues them”, someone - “ how they are printed.”
What is money? – Where do they come from and what can they be? Under what conditions and with the help of what mechanisms are they poured into the economy? Who “owns” the emission centers? What happens to the money received by the Central Bank as interest on a loan. What does the Central Bank do with non-repaid loans? Who actually Are Central Banks actually subordinate? What are the functions and mechanisms of influence of Central Banks? How do money flows between countries? Why are some countries rich in mineral resources and labor force employed in production for 12-15 hours a day, poor as church mice. And others, who do not have any noticeable natural resources and the working day is limited to 6 hours... simply do not know where to invest this money in order to maintain the existing rate of profit?
In the book you will find not only numbers, formulas and graphs. It contains examples from both economics and history:
General de Gaulle, a supporter of maintaining the gold supply of the franc, dealt a strong blow to the US economy. He presented $1.5 billion in exchange for the gold equivalent. He was threatened through NATO. Then he announced France’s readiness to withdraw from this organization, and at the same time remove 189 of its bases and 35 thousand soldiers of the combined forces from its territory. Going on an official visit to discuss the current situation, de Gaulle took with him another 750 million dollars. The general created a difficult precedent for the United States, and in two years, from 65 to 67, they had to shell out more than 3,000 tons of gold.
Where does the money come from? You will find the answer to this and other questions in this book.
Data sheet
- Name of the Author
- Игорь Аверин Владимирович
- Language
- Russian