Monday, December 5, 2011
Of Interest: The Collapse of the American Dream
Explained in animation! An excellent watch.
Money = Debt
The Federal Reserve isn't actually part of the government.
We do best with money backed by actual capital - gold, for instance.
The IRS and FED appear to be synergistic in nature.
The FED orders the US Mint to print money.
The FED loans this money out to other banks at interest.
(Note that there isn't a requirement for more gold/capital to exist)
The loans go to borrowers at higher interest.
The loans get paid back (one way or another).
The money then goes to the owners of the banks.
The animation has a lot of history written into it, and a bit of conspiracy theory, too.
In short, one of the most striking points for me was something said by Jefferson -
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
I'm concerned about this nation's well-being.