The Federal Reserve and Useless News Sources

The Federal Reserve is not real popular right now. Many people have finally come to understand that it is NOT part of the government and that it is really nothing more than a superbank that sets the rules for other banks. People have also come to realize that we owe it trillions of dollars. Ron Paul has called for the elimination of the Federal Reserve as have the Tea Party people and the Occupy Wall Street people. And now I see this on Yahoo.

Aaron Task of the Daily Ticker via Yahoo News - No, the Fed Does NOT ‘Print Money’: Just Explain It

The article and accompanying video pretty much go into explaining how the U.S. Treasury prints the money. It does, for 3 cents per bill regardless of the amount. What the article pretty much dances around is the fact that the Federal Reserve determines how much needs to be printed. It is important to remember that for every dollar printed, the value of 9 more is allowed to be loaned, pre-debt if you will. The Federal Reserve therefore controls 9/10ths of what can be loaned. It doesn't matter who prints the money, what matters is who controls the supply and the Federal Reserve controls the supply. The article is misleading at a minimum as it skirts the real issues, so why did he write the article in the first place, clearly it wasn't to help people to understand how money works.

Now, I want you to consider this possibility. All of the "currencies" crash, become worthless, hyperinflation that we cannot print the bills fast enough to deal with. What if the international reaction was to go to all electronic currencies that were pegged to the total mineral, labor and infrastructure wealth of a nation. You would need an international organization to set what the valuation was at. Hmmm, where could we find such an organization, perhaps the International Monetary Fund or the World Bank. Just some thoughts.

Okay, if either the IMF or World Bank set the rates then they would be just like a world central bank. I do hope someone finds this interesting enough to continue reading. Now, here is an even better question, how can you have a world where all money is electronic if you don't have it internationally based. By the way, the cookie you get for accepting such a deal is the elimination of all debt. Hyperinflation has a way of doing that.

We are headed to all electronic currencies and people should understand how they will work and what it all means. People will be ecstatic when all the debt is erased; but, that is nothing compared to the freedom that will be lost when there is no more hard, physical currency. Lets say that we have an all electronic currency (and if you want to investigate one that is being tried just search "bitcoin"), now lets say that you have your citizenship revoked (I previously posted on how this can happen under the laws passed this year), what happens when they turn off your electric money, how do you survive?

All electronic money means total control over buying and selling and for many, survival. I know, it sounds crazy; but, go back and read the other things that I said would happen and test my track record, it is pretty good. We have entered the Twilight Zone and the people look around and nothing makes sense because they don't understand how to read the game and I assure you, it is all a game. Sheep get led and the minute the sheep think they know what is going on is when they have been completely fooled.

When they eliminate physical currency, they will also make it very difficult to have a black market or sell illegal items. It will take the money out of the hands of the criminals and that will make many people happy. Eliminate the national debt and stop crime in one easy step. That would increase the value of money that you did have. Consider this, hyperinflation could result in the opposite for those who earn their money. A big cookie to lead people to less freedom. We shall see how things progress. Peace.