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Life of a Dollar

"Give me control over a nation's currency and I care not who makes its laws."
~ Baron M.A. Rothschild

From bartering, to the use of representative money or fiat money, every society in the world has some form of trade. Bartering is a system by which goods and services are traded directly for other, equally valuable goods and services. Representative money is exchanged for the said amount of commodity, such as gold or silver, which had been previously deposited and stored in a bank or other lending institution. Fiat money on the other hand, serves as a medium of exchange which represents only credit and debt. It takes very little time and labor to create, issue and circulate (no matter the said value of any bill or coin), is not redeemable (from any bank) for goods, services, commodities or anything else of value, and yet fiat money is the most common of all currencies in use today.

Fiat Money and the Federal Reserve System

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." ~ Henry Ford

"Money is a new form of slavery, different from the old in that there is no direct and personal relationship between the master and the slave." ~ Loe Tolstoy

Fiat money is made in the form of coins by the United States Mint, and Federal Reserve Notes/FRNs (paper money) printed by the Bureau of Engraving and Printing. The Federal Reserve gets this money into circulation by loaning it to Federal Reserve banks and the government, then charging interest and other fees in addition to that which is borrowed. Likewise, banks charge interest and other fees in addition to the money they loan to one another and to the public. The government even loans money to itself, often by selling government securities such as Treasury bills, notes, debentures and bonds to the Federal Reserve, broker-dealers, banks and other lending institutions, which again, must be paid back with interest. When the government sells securities, it gets money in exchange for a piece of paper showing the amount they owe to the purchaser. The government can also use fiat money to buy securities. In every case, it is the People who pay, with their own time and labor. Fiat money itself is essentially a loan to banks and the government, using the citizens as chattel and their time and labor as collateral. Wouldn't it be nice if we could simply ask the Federal Reserve to loan us several trillion dollars and get the money without a hassle, without having to do anything for it, using banks or the government as collateral, and their labor rather than our own to pay it back? In the end as money is spent, its value is manipulated and it is continually taxed until eventually every penny goes back to where it came from; then it is either re-circulated or replaced with more fiat money.

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