The U.S. Department of the Treasury first issued paper U.S. currency in 1862 to make up for the shortage of coins and to finance the Civil War.They discovered that printing presses could print up mass quantities of paper currency so long as the supply of paper and ink didn't run out, and then again when "recharged".....The Confederate dollar, often called a "Greyback", was first issued into circulation in April 1861,beating out the United States, BUT the USA discovered by declaring Confederate currency worthless it had NO value.....while stating theirs did, gave their currency value..........and so in the USA printed currency started from there.....first the Confederates, then the USA....The first paper notes were printed in denominations of 1 cent, 5 cents, 25 cents, and 50 cents. Then they discovered they could print higher and higher denominations...in short they just print money.
Well now The U.S. Treasury decides to print money in the United States as it owns and operates printing presses.The Treasury Department is actually the entity responsible for printing paper currency and minting coins, overseeing the Bureau of Engraving and Printing, or BEP as they call it, and the U.S. Mint. As of August 2015, there is approximately $1.2 trillion in cash. Much of this is located overseas where, due to a lack of faith in local governance, U.S. dollars are used.When banks need cash, they request it from the Federal Reserve. The Federal Reserve electronically deposits it into the bank's account and charges the appropriate interest rate. When they have excess cash on hand, banks return it to the Federal Reserve, settling any accounts.
It can and does arbitrary amounts of dollars indefinitely without consequence, it can print enormous amounts just at the moment because there's currently an outsized demand for dollars which it's merely meeting. When banks need money it supplies the banks, and charges interest.......FED always print's USD as much as it wants, thanks to each and every nation in the world, who use USD for their trade , that way we all help USA to maintain the demand for USD high. Now In the USA they need money for wars and what ever and what have you's, the "President" etc decides they need so much money, they print up a Treasury Certificate for said what ever billions amount, the take it to The treasury Department as an I.O.U., they take it, place it on a pile of yet more of them, and print up the required amount, with the government promising to pay it's Treasury Department.The central bank(Treasury) is effectively financing the deficit of the federal government on a permanent basis by issuing large amounts of currency. So Squirrel discovered, on the internet, that there are rolls and rools of Toilet Paper printed up with US currency one them, some go cheap for 1$ bills, others, in the 100's(Ben Franklins). Well now isn't that all very interesting, Squirrel used to order from CHINA......toilet paper, with Celine Dion's face on it. Now money toilet paper, can be had for $3 a roll......270 sheets to a roll............so Ben Franklins at $100,that'd be $27000 per roll, US$. Now the US government prints it up and the toilet paper people print it up, but the toilet paper money is on fit to wipe your butt with, same value as Celine Dion on your toilet paper. When Dunny on the Wolds, initial independent nation surrounded by the colony of Canada was independent, the potato crop failed, not good when your currency is based on THE POTATO......however it went to a Principality, and then annexed itself to ENGLAND,becoming a rotten burrow requiring it's own MP,duly elected,a position held by myself,Secret Squirrel. Had I know I could then have printed up my own currency on toilet paper at 4800 rolls, at 3.75$ each...........things would've been different.........alas and alack, I was having Celine Dion's image printed on toilet paper a useless thing indeed except to wipe one's bottom with..but so it goes, and so too it goes with currency. The American Dollar is valued, by everyone, printed up just as so much quantified toilet paper, and IT has value, but NOT my bum wad toilet paper currency should I have it printed up......There's just no fairness in the world is there. So it is, Squirrel sits surrounded by piles of monetarily printed toilet paper rolls, that just nobody will accept as currency. No fairness in the world, just no fairness.....Squirrel, and the MRL must change all that.
Secret Squirrel,
MRL,MP,Dunny On The Wold,
Minister For Re-Derange Re-Engineering.
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