Central Banking and The Money Changers
And one of the biggest financial problems in the world... The Money Changers (10/2022)
Basically, our government has the right to print money. But the Central Banks (US Federal Reserve) convinced our government to print bonds, then the Central Bank (Fed) 'prints' money to buy them, so the government is paying interest on that money to the banks, using our tax dollars. The Federal Reserve is just a private bank, not a Federal agency, and is independent of government. And because governments are always overspending, they constantly have to borrow, and pay more and more interest to the bank.
Plus banks operate on a fractional banking system, which means 90% of what they loan, they don't actually have, but they still charge us interest. So, the banks make money off us directly, and off us through government borrowing. Siphoning our wealth, for generations. But more importantly, they are responsible for the boom-bust cycles the economy goes through.
There is a solution. Eliminate the Federal Reserve, and have Congress be in charge of the money supply, with no interest payments.
Monetary Reform
Here's my thoughts after watching this video. And here's the Monetary Reform Act draft. Send it to your Congressman.
Financial Resources
http://www.themoneymasters.com/monetary-reform-act/
And for more on the topic of Central Banks and control: The Control Framework - Part 1
Cryptocurrency and Economics
For discussions on cryptocurrency and its economic implications, see:
- The Elephant At The Crypto Party (12/2021)
- Why Are We Developing Cryptocurrency? Is it really better money?
- What the Crypto World Should Be Focusing On, a better governance system, not just for their networks.
Financial Collapse Warnings
The Coming US Financial Collapse (6/13/22)
ChatGTP Regarding Gold Price Manipulation and the Economy 2/24/2023