How upset would you be if you were to exchange your $10,000.00 in federal reserve notes only to receive 100.00

Question

in gold or silver?

Kind of gives a whole new meaning to inflation doesn't it?

Good ole fractional reserve lending is what that is sir.

I know it doesn't Carlos, but it is. Study up on fractional reserve lending sometime. Ok?

Thyough the amounts i have used are just for examples. that is exactly how it works. First from the Federal Reserve to the end user(you). However i'm leaving the middle for you to figure out on your own. Trust me, you'll want to know.

Somebody asked earlier if the people thought that money was power. I replied NO. Knowledge is power. Obviously according to Fractional reserve lending practices(Otherwise known as A.K.A "GENERALLY ACCEPTED ACCOUNTING PRACTICES.), my conclusion to the question would be correct wouldn't it?

We can't just jump right in and shut down the federal reserve note S. It would be better to run gold and silver certificates in parallel with The federal reserve note until we are fully able to phase them out of existence. However if we are to return to a silver and gold standard, who controls the money. The People or the Banks?

Then who truly controls the economy? If anything it gives you ladies and gentlemen something to ponder. I personally say give it to the people. It's who it rightfully belongs to anyways.

Answer 1

You guys have it all wrong.
Your first mistake was putting all of your money in one bank note. First rule of thumb, don't accept Confederate dollars. Never put your money into banknotes with a higher denomination than $100. Nobody accepts any bank note higher than $100, even most banks.
Second rule of thumb. Leave the government out of your money. Take all of your paper money, and computer number money, and invest in your own real property; gold, silver, copper, platinum, and real estate. Now you can back your own money on a gold standard without the government involved.
Next, get used to trading goods for goods, establishing your own community trading post - real goods for real goods, and sell as much real goods for paper money to purchase more gold, real estate, and etc.
This way when the computers go kaput due to a power outage, and your computer number money is inaccessible, you have established your own savings in real goods and real property and don't have to depend on the government to bail you out.
Oh yeah, follow the example of the Mormons and start putting together your year's supply of food storage, clothing, shoes, toiletries, and water purification tablets. And metal cooking pans...

Answer 2

A word within the economic international is a promise to pay. For illustration, in the event you borrow cash to shop for a automobile or a condominium, you signal a "word", promising the economic tuition that you are going to pay them again beneath the phrases of the word. The buck invoice you will have is a word from the Federal Reserve Banks to pay you. The Federal Reserve is a personal entity founded through the US Congress in 1913 through the Federal Reserve Act of 1913. Prior to the status quo of the Fed Reserve Banks, folks had "US Notes" issued through the US Treasury Department. Some folks might say the US economic approach has been managed through personal banks ever when you consider that then. Let me provide an illustration. Say they dilemma $one million million (through fiat, which means, arbitrarily, and not using a gold to again up the cash). The US executive borrows this $one million million to pay for its bills (payroll, constructing dams or roads, and many others). In alternate, the US executive problems bonds again to the Federal Reserve The bond fee is greater than $one million million considering the fact that the Federal Reserve expenditures curiosity. Say the curiosity is $50,000. So now there may be $one million million in circulate. however in which might the federal government get this $50,000 .... when you consider that all cash is issued through the Federal Reserve to start with. Therein lies the concern.

Answer 3

Thanks for the info.

Here is an alternate monetary system that I have been using with family members in other states for over 6 years now, with only minor P/C glitches occasionally.

http://www.goldmoney.com/en/sitemap.html

It was put together by a former international banker, and requires some knowledge of banking.

I personally am very satisfied with it.
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Answer 4

Bring back the gold standard!!!! God help the US financial system!!

Answer 5

that doesn't sound right joe!!

Answer 6

what a poo is that