S
sedonaman
Guest
Very good. I once read that a board member fo the Federal Reserve, testifying before Congress in hearings to determine the causes of the Great Depression, made the comment that, “In our system, money doesn’t exist until it is borrowed.” – Secrets of the Federal Reserve by Eustace Mullins…
100% Commodity Money
The process of creating money started innocently enough. Jewelers deal with gold every day. Jewelers would store people’s gold. Jewelers would issue receipts or deposit slips for that gold. People would trade those receipts as if they were gold. Every receipt was backed by 100% gold.
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Everyone was astonished, but it’s true when you think about it.