This keeps getting better and better. The Federal Reserve act was passed in 1913. In direct conflict with the US Constitution which states only gold and silver are legal as money, it allowed a private bank to control the issuance of currency, to basically create money at will.
I can already hear the argument versus gold and silver as money starting up..the barbarous relic theme…instead of addressing this argument which has gone on for as long as man has wanted to control issuance of currency, let me just point out one simple fact: you cannot build a stable house with a measurement of value that changes all of the time. If the inches on a slide rule a carpenter used changed its size constantly, the house would be a catastrophe waiting to happen. That is precisely what the US Dollar is, a measure that changes value constantly. It would take you almost $100 to buy in raw goods what $1 would buy you 100 years ago. These are simple, indisputable facts, and have nothing to do with the idea that people do not want gold coins clinking around in their pocket. The point is money must have a stable measure or it cannot be the foundation a financial house is built upon.
Evidence of this is pretty obvious and widespread in today’s economy.
The US government literally borrows money from the Fed then taxes US citizens to pay the interest, then the Fed, which is a private bank, then uses your tax dollars to buy garbage out of the market and off the books of financial firms, cleaning their books and padding everyone’s pockets in the process, once again at the cost of the american taxpayer.
Lets be clear here: I am not trying to get you mad at the government, I am trying to point out that you can either trust the paper system with your money, or you can put your money in gold. History proves that parabolic debasement of the money supply that is occurring now, has led to the demonetization of that particular form of money, every time.
Get safe. Gold is the Money of Kings.
