Tuesday, March 20, 2007

How long will it last ?

U.S. Federal reserve notes backed by nothing... Many Americans don't realize that. U.S. currencies have not been directly backed by gold since 1933. They also don't know that the Federal reserve system is unconstitutional, and that it is directly responsible for the dollar losing 95% of it's real value since 1913. 1913 is the year the Federal Reserve Act was passed and signed into law. An illustration will help here. It takes $14.80 of today's federal reserve notes to equal .30 cents in 1932 U.S. dollars. Yes, it's true. Investigate it yourself, it only gets worse. In 1968 the United States was still a creditor nation( we lent money instead of borrowing it). Now we are probably the biggest debtor nation that has ever existed, and in only 39 years! The problem is that the FRB (Federal Reserve Bank) is not controlled by the US congress like the constitution provides. It is an independent central bank, it is not owned by US tax payers or the US gov. The FRB in reality sells the US government (and its citizens) its own currency, and makes a profit! Our constitution gives only Congress the power to coin money for our nation. I've always wondered what made the law makers of 1913 pass that treasonous act and forfeit our nations financial/economic freedom. What payoff did they receive for betraying us?
J. Thompson

1 comment:

j b maccabee said...
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