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The whole financial world is a pyramid! How is the financial world organized? It is a pyramid. The Fed the U.S. Federal Reserve System is at the top of it. The Fed creates dollars. How much? As much as they want! Of course, Fed adhere to some of their own internal rules and regulations; they try, for example, not to create too many dollars to prevent complete devaluation of the currency, and etc. But in principle the Fed can create as many dollars as they want. At least, there are no any external limitations for that. Absolutely! The U.S. Fed is guided solely by the reasons of expediency. The lower levels of this global pyramid are the central banks of different countries; all other local national banks are situated on even lower levels. (Of course, all of this is slightly simplified, but in general everything reflects an overall picture). Actually, why do we need banks? Speaking figuratively, banks play the role of blood vessels in the social organism. Through these vessels the mone

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