19 December 2011

Debt-Free United States Notes Were Once Issued Under JFK And The U.S. Government Still Has The Power To Issue Debt-Free Money

Our current debt-based monetary system was devised by greedy bankers that wanted to make huge profits by creating money out of thin air and lending it to the U.S. government at interest.  Sadly, the vast majority of the American people have no idea how money is actually created in this nation. When each new Federal Reserve Note is created, the interest owed by the federal government on that new Federal Reserve Note is not also created at the same time.  So the amount of government debt that is created actually exceeds the amount of money that is created.  Isn't that a stupid system?  The U.S. Constitution says that the federal government is the one that should actually be issuing our money.  In particular, according to Article I, Section 8 of the U.S. Constitution, it is the U.S. Congress that has been given the responsibility to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures".  So why is a private central banking cartel issuing our money?

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