/biz/ - Business & Finance

The dollar, just think of it like a promise from the government
But the value of the dollar has to be there to be relevant
The value of the dollar comes from China and Iran
When they put their cash reserves in a U.S. dollar plan

They buy treasury bonds from the Federal Reserve
We say "we owe you extra money cause you gave us some of yours"
That's a big part of the National Debt
All the interest that we haven't paid to China quite yet

And a hundred other countries 'cause we're such a good investment
The whole world gives us money we say "Hey we'll pay you interest!"
This is how money is created from air
Bank bailouts, federal budgets Money isn't really there