Most Americans Have no Clue
What is “money”? Over human history and cultures money has been a lot of things. It has to be rare and has to agreed upon by everyone using it. One island culture used rare rocks from another island as money. The only way to get their money was to have brave men cross the ocean in dugout canoe risking their lives to get to another island and successfully bring back rocks that only existed on this far away island. Gold and silver has been used for millennia. But who would agree to use paper? Paper is in limitless supply so why would anyone agree to trade paper as currency? In America 80 years ago our Federal Reserve agreed to only print $35 of paper for every ounce of gold that the Federal Reserve owned. But we abandoned that idea in 1972 and since then our paper money is only based on faith. So why did .05 cents buy a Hershey Bar 80 years ago and today they cost $2.50? Read the whole article linked below. Here is just a piece to get you started.
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Sadly, most Americans don’t even understand what the Federal Reserve is.
One thing that the Federal Reserve is NOT is a government agency. In fact, it is about as “federal” as Federal Express. It is a private central bank designed to make money for the people who created it. In fact, the Federal Reserve was the culmination of an effort by the international banking elite to force a permanent private central bank on the American people that began all the way back during the days of our Founding Fathers.
But don’t just take my word for it. The following are 21 quotes about central banking from past presidents, congressmen and other notable historical figures…
#1 John Adams, the second president of the United States: “All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”
#2 James Madison: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.”
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