"INFLATION IS A TAX"- Fed Chair Bernanke - August 01, 2008
Understand why Ron Paul
is correct (follow the bouncing ball) :
1) 95% or more of all dollars in circulation is created by the FEDERAL RESERVE, not the FEDERAL GOVERNMENT. The US Mint accounts for less than 5% of the overall money in supply. What does this mean? Think about this... can it be that the Federal Reserve simply creates money? The answer is YES!!!!! Watch my playlist "Money as Debt" Remember the Federal Reserve is NOT a part of the Federal Government
2) There is only one way to get dollars from the Federal Reserve- BORROW THEM. This means interest is attached to each dollar that comes out of the federal reserve. Notice the interest is not created, only the dollar itself.
3) Due to "stability", the US gov't has made laws requiring dollars be accepted as legal tender. Pull out a dollar and look at the middle left read what you see.
Put it all together and here's the conclusion: The Banks lend money (or debt) they do not have, charge interest that is not physically available to repay, control the entire money supply, and you and I are required by law to accept it as such. Thus foreclosure = banks started out with nothing and ends up with everything. Surely it cannot be, but it is. Please comment and state your facts as to why I am wrong. Better yet, let's discuss alternatives to central banking, gold backed currency, so on. Any other ideas? What do you value? How can we stimulate trade effectively without our current problems?
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