Government controls on individual finances
Tags: Bank, Banks, Economic, finance, finances, individual finances, money, Ratio
Can tell a private institution with odd connections with the government should have control of any aspect of your finances. But if bankers with a member of the bank, they do. Use monetary instruments to achieve certain macroeconomic goals, participate in open market operations and set the reserve ratio for all banks. All these things have a direct and indirect effect on inflation and money supply.
Still uncomfortable? Remember the whole part about being a private institution? Means there is no word on any of these activities that are indirectly behind doors and in their own pocket book. Oh! Remember to Henry Paulson? The person who asked the government 800 billion of our tax dollars and you get it? He is also a member! Is currently on the Board of Governors.
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