{"id":16131,"date":"2021-11-15T19:10:16","date_gmt":"2021-11-15T16:10:16","guid":{"rendered":"https:\/\/ufuture.com\/?p=16131"},"modified":"2021-11-15T19:10:16","modified_gmt":"2021-11-15T16:10:16","slug":"how-global-economic-crises-arise-nicholas-tymoshchuk-ufuture-ceo","status":"publish","type":"post","link":"https:\/\/ufuture.com\/en\/how-global-economic-crises-arise-nicholas-tymoshchuk-ufuture-ceo\/","title":{"rendered":"\u201cHow Global Economic Crises Arise\u201d, Nicholas Tymoshchuk, UFuture CEO"},"content":{"rendered":"<p>We think we know where the money comes from: it is printed by the central banks, of course. But don&#8217;t be that sure. Most of the money in the world is brought not by central banks, but by private ones. And they take them out of nowhere. Literally. They simply pump up the world with liquidity without value, Nicholas Tymoshchuk, CEO of the <a href=\"https:\/\/ufuture.com\/\">UFuture holding company<\/a>, wrote in an op-ed for <a href=\"https:\/\/biz.nv.ua\/ukr\/experts\/nablizhayetsya-kriza-chomu-lyudstvo-znov-ce-dopuskaye-ostanni-novini-50195194.html?utm_content=set_lang\">NV Business<\/a>.<\/p>\n<p>Aren&#8217;t the central banks those who print trillions and borrowing them to private banks, and those \u2013 to companies and people? And doesn&#8217;t the money of central banks get value from the country&#8217;s GDP? No and no. Central bank loans are issued to private banks only for the reserves, which constitute a meager share of the capital of the private banking system.<\/p>\n<h3>The real role of central banks<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>We think we know where the money comes from: it is printed by the central banks, of course. But don&#8217;t&#8230;<\/p>\n","protected":false},"author":10,"featured_media":16132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-new.php","format":"chat","meta":{"footnotes":""},"categories":[2],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/16131"}],"collection":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/comments?post=16131"}],"version-history":[{"count":1,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/16131\/revisions"}],"predecessor-version":[{"id":16135,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/16131\/revisions\/16135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/media\/16132"}],"wp:attachment":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/media?parent=16131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/categories?post=16131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/tags?post=16131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}