Do other countries have Federal Reserves or atleast a department that has the same function? via /r/economy


Do other countries have Federal Reserves or atleast a department that has the same function?

I learned that in the US, When Fiat Currency is printed, the process goes like this : first the Government Treasury issues bonds then, auctions those I.O.U.s on the largest banks (which makes profit of it through interests). Those banks then sell those bonds to the Federal Reserve which then writes cheques with a balanceless account. And Currency is then printed and handed to the banks.

How does it work for other countries?

Submitted June 06, 2020 at 05:36AM by Eeji_
via reddit https://www.reddit.com/r/economy/comments/gxnypx/do_other_countries_have_federal_reserves_or/?utm_source=ifttt

The World’s 25 Richest Billionaires Have Gained Nearly $255 Billion In Just Two Months via /r/economy


The World’s 25 Richest Billionaires Have Gained Nearly $255 Billion In Just Two Months
https://www.forbes.com/sites/jonathanponciano/2020/05/22/billionaires-zuckerberg-bezos/

Submitted June 06, 2020 at 05:41AM by MayonaiseRemover
via reddit https://www.reddit.com/r/economy/comments/gxo0x4/the_worlds_25_richest_billionaires_have_gained/?utm_source=ifttt

How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally via /r/economy


How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally
https://www.marketwatch.com/story/heres-another-reason-for-the-stock-market-rally-the-us-dollars-almost-silent-slide-2020-06-05

Submitted June 06, 2020 at 02:53AM by LopsidedTie0
via reddit https://www.reddit.com/r/economy/comments/gxm40g/how_the_us_dollars_almost_silent_slide_is_juicing/?utm_source=ifttt

America’s Small Business Owners Have Been Horribly Abused During These Riots and Lockdowns. That Will Have Consequences | Jon Miltimore, Dan Sanchez via /r/economy


America’s Small Business Owners Have Been Horribly Abused During These Riots and Lockdowns. That Will Have Consequences | Jon Miltimore, Dan Sanchez
https://fee.org/articles/america-s-small-business-owners-have-been-horribly-abused-during-these-riots-and-lockdowns-that-will-have-consequences/?utm_source=zapier&fbclid=IwAR1gE4TN3Fh2cdjo7TGRpqyrPQFfyKdo1mepd5ZLK27qI2mZYMS239wMrSs

Submitted June 06, 2020 at 02:32AM by VysmekL
via reddit https://www.reddit.com/r/economy/comments/gxlvts/americas_small_business_owners_have_been_horribly/?utm_source=ifttt

Vultures, Ghouls or Both: Jim Cramer: Coronavirus Pandemic Triggered ‘One of the Greatest Wealth Transfers in History’ via /r/economy


Vultures, Ghouls or Both: Jim Cramer: Coronavirus Pandemic Triggered ‘One of the Greatest Wealth Transfers in History’
https://www.commondreams.org/news/2020/06/05/jim-cramer-coronavirus-pandemic-triggered-one-greatest-wealth-transfers-history

Submitted June 05, 2020 at 10:10PM by burtzev
via reddit https://www.reddit.com/r/economy/comments/gxi9nd/vultures_ghouls_or_both_jim_cramer_coronavirus/?utm_source=ifttt