Bank Fraud REWARD! 100# of FREE MONEY to anyone who can identify it!
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Published 4 years ago
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REWARD! 100# of FREE MONEY to anyone who can identify it!
For one thing, it is not clear how best to define money.” [Wow! Stand by for more eye-opening confessions folks!]
The Federal Reserve System, p. 10, Board of Governors, Washington, D.C., 1980
Money is entirely artificial …”*
The Monetary Authority of the Federal Reserve, p. 4, Board of Governors [* There ain’t none! Gone! Kaput!]
Banks create money by ‘monetizing’ the private debts of businesses, individuals and governments. That is, they create amounts of money against the value of those IOUs.
I Bet You Thought, N.Y. Federal Reserve Bank, p. 27 (1982), emph. added
Today, most coin and currency is ‘fiat’ money — money by virtue of government declaration and public acceptance. Fiat money isn’t valuable in itself and doesn’t represent a claim on gold or silver.
For one thing, it is not clear how best to define money.” [Wow! Stand by for more eye-opening confessions folks!]
The Federal Reserve System, p. 10, Board of Governors, Washington, D.C., 1980
Money is entirely artificial …”*
The Monetary Authority of the Federal Reserve, p. 4, Board of Governors [* There ain’t none! Gone! Kaput!]
Banks create money by ‘monetizing’ the private debts of businesses, individuals and governments. That is, they create amounts of money against the value of those IOUs.
I Bet You Thought, N.Y. Federal Reserve Bank, p. 27 (1982), emph. added
Today, most coin and currency is ‘fiat’ money — money by virtue of government declaration and public acceptance. Fiat money isn’t valuable in itself and doesn’t represent a claim on gold or silver.
Keywords
fiat moneydonald trumpbank fraudcoinconvid
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