It says in the Constitution that currency should be in the form of gold or silver. Thomas Jefferson warned Americans about paper money, and the banking system itself. Contrary to popular supposition, the Federal Reserve is not an arm of government. It is a financial cartel, a group of private banking corporations with an agreement to limit competition, or in other words, maintain a monopoly, thereby taking advantage of the common American. Without the Federal Reserve, there might not have been a need for income Tax. The year 1913 was when both of these assaults on liberty were imposed upon the American people.
The National Industrial Recovery Act of 1933 created a cartel structure for steel producers, poultry, mining, etc. It is not constitutional, according to the Supreme Court. The Federal Reserve Act has not even been discussed by the Supreme Court.
Who owns the Federal Reserve? Not the government. They are owned my member bank (the Federal Reserve is essentially a central bank). Jekyll Island is where the agreement was created. William Rockefeller and J. P. Morgan were two of the attendees at a Jekyll Island meeting in 1910.
Congress gets most of its money from the Federal Reserve, which prints it. The Federal Reserve takes money from nowhere and then charges interest on it. Congress doesn’t like to tax, because that is politically unpopular. They don’t have enough money to pay back the loan from the Federal Reserve, so they borrow even more money at higher interest rates. Hence, the national debt.
What is the fractional reserve concept? The government does not have enough money to take care of its obligations. The Federal Reserve lends more money than it has, and charges interest. This is how it maintains a profit. Wages are determined with regard to how much money is in circulation. However, wage setters are getting a false picture based on the fractional reserve.
Fiat money violates the American Constitution in many ways: No state should give credit or have coined money. No state can create money or set up bank that is controlled by the state. States should use nothing but gold and silver to pay off debt. Inflation is the government plan of increasing money, not rising prices. The increased money circulation is what ultimately raises prices.
Why does the media not address the issue of money? Now there is increased cross ownership, which increases monopolies. Media monopolies violate freedom of speech because fewer voices are heard. Media helps politicians get elected, so there is a quid pro quo relationship. You scratch my back and I will scratch yours. Television has meant exorbitantly expensive political campaigns to the detriment of democracy. The greater the supply of something, the lesser the demand. The greater the supply, the more the value of that product depreciates. That is the case with money. The more that is printed to fund Congress, for example, the less value it has, and inflation accordingly results. Inflation is not simply raised prices; it is a consequence of the fiat money system, printing money out of nowhere.
One way out of this nightmare is to have one state where it is feasible to do so, switch to a gold-backed monetary system. The good results would be obvious in a matter of months, and other states would want to do it, too. However, realistically, human nature being what it is, ruination will probably happen before positive change.
He Talks To Me, Too: A story about a young girl who wants a deeper relationship with God, but is hindered by a conspiracy of Church leaders. On Amazon: http://www.amazon.com/He-Talks-To-Too-ebook/dp/B00CQO0PYY/ref=sr_1_1?ie=UTF8&qid=1369925252&sr=8-1&keywords=He+talks+to+me+too
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