MONEY: Commodity versus fiat money

http://lewrockwell.com/orig10/hansen1.html

Will Radically Different Banking Plans Work?
Not until we abolish legal tender laws
by Betsy Hansen

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Because the fiat money system is both the strength and weakness of America’s tyrants. It bleeds the people’s wealth and labor, but it also threatens to collapse under its own weight – or whenever the scales fall off the people’s eyes. With its green engravings of famous Americans, electrons whirling around in bank computers, and loans created out of thin air, it is one vast confidence game.

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The Federal Reserve Bank (which is none of those things) allows the congress critters, the Administration, politicians, bureaucrats, and their ilk to raise taxes without explicitly raising taxes.

The sheeple can’t even tell what they are paying in taxes. Inflation erodes their “savings” such that the gooferment can steal all their earnings in a given year. Even the worst tyrant of dictator of old used to have to leave the serfs enough to eat from year to year. And, the sheeple don’t even know they are being robbed.a

Imagine the uproar if a President said: “Sorry we have to take everything you earned this year for the good of everyone.” There would be riots in the streets. But the FED can inflate away. Since 1970, inflation has reduced the value of a dollar 97%!

Sheeple, how stupid can you be?

Independence Day? Don’t make me laff!

We’re not independent as long as the FED exists. Andrew Jackson and Thomas Jefferson, were right.

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