Quote:
Originally Posted by 4-2-7
Your right finn on the actual printing "Physical Currency" brain laps on my part.
However the Federal Reserve has complete control of the amount of currency they want "Printed in "Physical From." The treasury takes marching orders from them. They also have complete control over digital printing that the fed does entirely themselves.
Lets face it the digital form of currency is far greater than any paper printing.
|
There is only approx. $830,000,000 in actual green backs in circulation China holding the majority since they force exchanges into the Yuan as soon as it enters the country and no other currency is allowed as trade there. China's renminbi is not entered into the world currency system as they have chosen to control the value of their own currency.
Only 3% is in physical "money" the rest is used for trade and manipulation in digital Treasury Bonds.
China crashed their own currency last week to raise the value of the dollar so they could use the remainder of their USD to short sell the Comex at end of month contract roll over time and bust the derivative gamblers.
http://www.investing.com/analysis/th...-scream-204403