Its way bigger than me and I don't fully grasp just exactly how it works.
Ok if we borrow money from China we have to pay interest. The Constitution I think says we have the right to print money as we have need. Is that money getting to the stimulus recipient without any interest being charged by some bank or other handler ? If no interest is being charged then its not a loan, then how would our grand kids have to pay the bill ?
I see bringing in new money makes the old money worth less but as long as its kept in house would inflation occur or would inflation only incur when we start paying off those old dollars borrowed from China with the new dollars of which there is more of ?
It seems to me that at that point when inflation fully raises its head then the people here and now will pay and not the future generation, unless we were to take on more debt and interest which would be passed on the next generations.

My main thought, is that new money that is being printed for the stimulus being handled by some private bank that is getting a cut. If the money is not being printed, then who are we borrowing it from ?

Any thoughts appreciated.

Go to YouTube and watch all the videos on the hidden secrets of money. Maloney explains it pretty good.

the privately owned entity know as the federal reserve bank. They create the money out of thin air then taxpayers pay them interest on the money they created.

On a bright note, almost none of the money being used today is being printed. It's all just floating around in cyberspace. At least we aren't killing trees.

Both

Yep, the federal reserve does both. It expands the money supply. although as trapperkeck explained almost all of this digitally now, and then later when the government can't pay for its budget, buys treasury notes (which bear interest) to help the government cover the deficit. Other entities can buy U.S. treasury notes, but as now the federal reserve holds the most. In recent years, about 8-9% of the total federal "budget" has gone to servicing the debt. Of course, this has been ar very little percentage of interest. If interest rates would substantially increase, then other voodoo would have to be used...

Does the gold at fort knox and the two oother places used as a back up to allow us to print more money, or is it a totally different asset.

No precious metal backing of U.S. currency for a long time (since Nixon?). Maybe if it gets so bad, there will be the big reset and gold will be used again. That's what the gold bugs are hoping for...

When the depression took hold in the late 20's it was declared that private gold holdings were illegal. It was just recently made legal again. In the 70's I think. if it happens again i expect the same scenario.

You’ll be allowed a time me period to exchange your gold for digital fiat though.

danny clifton- you are correct that FDR and Congress in 1933 (?) made the private ownership of gold not legit. But the U.S. dollar was still tied to gold until 1971 when Nixon went to just fiat currency. 50th anniversary of that coming up this summer...

https://www.forbes.com/sites/greatspeculations/2021/01/25/the-gold-standard-ended-50-years-ago-federal-debt-has-only-exploded-since/?sh=27c53c2a1e17#:~:text=This%20year%20marks%20the%2050th%20anniversary%20of%20the,only%20by%20comparing%20it%20to%20other%20world%20currencies.

So wonder why counterfeiting is against the law? kind of the same thing .

I see that Omar and AOC are already pushing hard for a 4th stimulus. A steady $2000/month as a matter of fact. Basic income is coming whether anybody likes it or not.
Apparently the more money they give away the stronger the stock market gets.

Our money is backed by military and oil. (Nixon)

Maybe their running for another term and have to start buying votes

will 2000 a month per person cause inflation?

Hence interest rates will not go up. The government can't service the debt without printing or near zero rates.

I still remember the fight against inflation in the early 80's. 22% interest slowed inflation and killed about half the family farms. I guess it was our own fault, but interest was 7% when we got on, but 22% when the train got derailed and even Willie Nelson couldn't save many.

I'm no economist but I'm sure all that $2000/mo would get spent foolishly and then invested wisely by those who end up with it.

It's all borrowed. It's when the fed buys it it's printed.