# How The Financial System In The US Actually Works? - Entrepreneur Dror Dorinbaum…
# How The Financial System In The US Actually Works? – Entrepreneur Dror Dorinbaum – Post 4
Dorinbaum # Post 4
"On one bluff and a money printer"
Shortly before I became interested in investing in real estate, I was intrigued by how the financial world actually works, how to make money by the book. Just to clarify I do not hold any academic degree in economics, but while moving and learning independently I discovered some things that amazed me, and surprisingly very few people know or care. That seems very strange to me in light of the fact that most of us have been involved in "how to make money" all our lives, but we have no idea where money comes from, or how the method works.
In retrospect, I realized that the establishment really wants me to know how to “work” rather than how to “earn”, and it does it brilliantly !: You will learn 5 units of mathematics, specialize in statistics and probability, differential and integral calculus, functions, Euclidean geometry, analytical engineering, recruit paratroopers, Break free, start a business and ask someone if they know the difference between a tax invoice and a receipt because you have no idea. But give me a calculator in a second I'm doing you a function you're flying.
So what the hell have you been teaching me for so many years? I will submit a certificate, I will be hired, I will arrive at 8:00, I will leave at 17:00, and the firm's bookkeeping is already entrusting the money to you at the bank, remove worry. Oh yes taxes have to be paid, leaving it is complicated.
So here are some fun facts that will make you wonder
1. The Federal Reserve is a completely private company that is not subject to any federal body in the United States.
2. The phone number of the Federal Reserve appears in the American phone book line below the shipping company FedEx
3. The cost of producing a $100 bill or a single dollar bill is 3 cents.
Bottom line, money is out of print (digitally invented) by the Federal Reserve (central bank) for governments, as a debt for interest. The interest that the government owes to the Federal Reserve is collected from citizens through taxes. The interest rate is set by the Federal Reserve. Section .. Same as for commercial banks, any new loan is a new debt to the central bank when the borrower pays the interest to the commercial bank that charges him interest to earn and pay to the private company from which the money was made out of nothing, in the US this is the Federal Reserve. There are a number of central banks such as the European ECB.
So wait, you came to tell me that all the money in the world is invented out of nothing by a private company!? Privately owned?? So who owns? And how do they determine how much interest will be on the money they print? Anyone visit them?? Turns out not!
So the whole world economy relies on some insanely rich private individuals to be “okay” with the world, and take care of entire countries through governments that sell them debt ?? Every dollar bill has the word debt / note = debt because that is exactly what it is, a promissory note and not money at all, but a debt to a private company whose phone number appears in the phone book, and the interest rate on the loan = printing, it determines when it sees fit.
I do not know about you, but to me it's pretty amazing for some reason, and the main ones are that you will not be taught in school, and the mantra will always be, you will learn well, so that you have a day job through which you can pay taxes and what is left will support a family. And who determines the education program and what is taught in the school?
Continue reading on our site…
https://www.forumrealestateusa.com/2021/05/Entrepreneur-of-the-Week-Dror-Dorinbaum-Post-4-on-Bluff/
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"Alpha Secret 82 and the New Mindset"
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