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<p>[QUOTE="fatima, post: 1106150, member: 22143"]I actually gave the right answer above. If the question is simply who does the printing, then the answer is the "Bureau of Engraving" which is a department of the US Treasury. This currency however is not issued by the US Treasury, i.e. the US Government. They are simply acting as secure contractors for the Federal Reserve. Since 1971 the Federal Reserve has had the exclusive right to issue currency in the USA. </p><p><br /></p><p>The reason that it is confusing to people is because the relationship is highly obfuscated to give the appearance to the general public that the dollars in their pockets and bank accounts come from the US Government. They don't. The come from the Federal Reserve which is a legislated into existence independent institution that issues the currency. The Federal Reserve is solely responsible for the supply of dollars, can adjust the supply at it's sole discretion, and isn't subject to any audits or federal oversight of it's internal monetary decisions and transactions. </p><p><br /></p><p>Why did they create such a screwed up sounding monster? Simply because the other role of the Federal Reserve is to act at the banker for the USA. If congress needs to spend more money than it has, it can borrow the money from the Federal Reserve. They order the US Treasury to create US Bank notes backed by the US Taxpayer and/or investors. These are then sold to the Federal Reserve and the Federal Reserve credits the USA with the equivalent amount of dollars. The Federal Reserve charges interest for this. Hence this creation allows the Federal Government to deficit spend.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1106150, member: 22143"]I actually gave the right answer above. If the question is simply who does the printing, then the answer is the "Bureau of Engraving" which is a department of the US Treasury. This currency however is not issued by the US Treasury, i.e. the US Government. They are simply acting as secure contractors for the Federal Reserve. Since 1971 the Federal Reserve has had the exclusive right to issue currency in the USA. The reason that it is confusing to people is because the relationship is highly obfuscated to give the appearance to the general public that the dollars in their pockets and bank accounts come from the US Government. They don't. The come from the Federal Reserve which is a legislated into existence independent institution that issues the currency. The Federal Reserve is solely responsible for the supply of dollars, can adjust the supply at it's sole discretion, and isn't subject to any audits or federal oversight of it's internal monetary decisions and transactions. Why did they create such a screwed up sounding monster? Simply because the other role of the Federal Reserve is to act at the banker for the USA. If congress needs to spend more money than it has, it can borrow the money from the Federal Reserve. They order the US Treasury to create US Bank notes backed by the US Taxpayer and/or investors. These are then sold to the Federal Reserve and the Federal Reserve credits the USA with the equivalent amount of dollars. The Federal Reserve charges interest for this. Hence this creation allows the Federal Government to deficit spend.[/QUOTE]
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