America actually loans all of it's money in circulation from the Fedral Reserve. Check it out, it's bent as hell, grade A corruption!

My memory on this isn't too hot but basically the Fedral Reserve Act 1914 (might have the year wrong), was passed after a bad recession and in dodgy circumstances. This ment all the money was lent from them then has interest put on top. To pay the interest the Government then loans more from the FR to pay what it already owes. Since then they also abolished the gold standard so your money isn't even worth a dollor of gold anymore.