as a state. On the benefits of the owners of the Fed we'll say later. A number of benefits to the U.S. include the ability for 37 last years to live beyond their means, ie largely at the expense of the rest of the world. Since GDP U.S. is 20% of global GDP. True, this figure is not entirely true, since in the amount of its GDP the United States set off a series of indicators, such as the cost of some varieties of services that other countries in GDP does not count. If the count on the general rules, with 20% of this figure will decrease to approximately 15%.
Well, okay, let it be 20%. And consume the U.S. – 40% of annual production in the world. The question for who can think: if someone produces 20% (Or 15%?), And consumes 40%, because of this someone has to pay? Really pays, that someone – the rest of the world that America gives its goods in exchange for unsecured notes. Thus there is a huge redistribution of the world's wealth in favor of the United States.
By the way, the more you look at what is happening in the world, the more convinced that there is nothing new in this world. Everything was either in history or described in fairy tales. For example, the exchange of real assets in the wrappers similar way as for the beads and other trash worth 24 dollars from the Indians was bought Manhattan. And the ability to live at the expense of others, and be at the same time the most powerful, has been described in the tale of Filippke that suck juices out of others, weaker plants. The question arises: why the Fed had to make dollars more than necessary for normal functioning of the global economy? Indeed, if all the countries that voluntarily 'embedded' their economy in the mechanism for maintaining and ensuring the purchasing power of the dollar would have a right to control the emission of the dollar, there's nothing wrong with the economy in the world would not have happened.