Have you ever really looked at a dollar bill, of any denomination? Have you noticed they all say, “federal reserve note”? What does this mean?
As of July 4th, 2023, it has been 247 years since America declared her independence from Great Britian, however, only during 110 of those years, less than half, have we used money the way we do today. Currently, our dollar bills are merely federal reserve notes. What is that?
Two things have happened which must be reversed. Creation of the Federal Reserve and the removal of the gold standard.
First, the federal reserve was created in 1913. Very few people know what the Federal Reserve is, and even fewer people know that it is not part of our government, rather, it is a private bank ran by private individuals, not our government.
Second, as a nation, we removed ourselves from the gold standard under the Nixon administration in 1973. Prior to 1973 and the removal of the gold standard, our dollar used to be backed by physical gold.
Now? What is money today if anything but faith in our economy? Our money is nothing more than paper in our pocket or digits on a screen. Our money has no real value.
The federal reserve can just print as much money as they want. This is one of the main causes of inflation which devalues our dollar. When more money chases the same amount of goods, the value of the dollar decreases. When more money accounts for the same amount of wealth, the value of the dollar decreases. So you see, things, such as goods and services are not getting more expensive, rather, our dollar is getting weaker due to the federal reserve inserting more and more dollars into our money supply.
The federal reserve, a private, central bank must be abolished in lieu of returning to the gold standard. This will help transfer power back to the people, transfer wealth back to the people and restore value in our money once again.
The Federal Reserve has the unique ability to print as much money as they want. And the more money they print, the weaker our dollar becomes. And the icing on the cake is how they loan the money they print to the people with interest!
