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Fiat Money We call the US dollar "fiat" since no tangible assets (gold or silver) back our money - a pro or con depending upon government, economic, and societal realities. Fractional Banking System US regulations require banks to retain 10% of customer deposits meaning 90% of the money you place in your bank ends up in the open market as loans to other parties. From here the system becomes fairly complex since the 90% your bank loaned out turns into a chain of 10/90 accounts at other banks. This system works fine under normal conditions but can present massive problems if the federal government, companies, and individuals fail to manage monetary affairs correctly. Some argue that the fractional system has no alternative but to fail, others think the system fosters economic growth and flexibility. FDIC Confidence Most citizens recognize the benefits of FDIC insured deposits, but given the fractional nature of our system one must consider "what ifs..." For example, what if a propensity of Americans attempted to withdraw their cash in a short window of time? Disaster, to be sure. The FDIC only works if society places faith in our fractional banking system. Why The Fed? The Federal Reserve was formed to solve growing monetary problems. At the time nearly 30,000 forms of currency were exchanged within the States making exchanges particularly difficult. Why did they make the Fed private? In an apparently vain attempt to keep congress from running wild with our money. |
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Spending Is A Symptom of Bigger Problem Irrespective of who sits as president or which party controls congress government spending increases without fail. Why? Because of you, us and every American who votes based upon what they think they will get rather than in defense of our national constitution.. Both parties will continue spending and indebting our country into ruins as long as we vote with our hands out eagerly anticipating our next fix from the Great Sugardaddy. Understanding US Debt Bonds, Tbills, Treasuries... it's all greek to most people. To help you understand US debt instruments we need ask you one question only. When US debt is bought by foreign governments, individuals and institutional investors what is the US government offering as repayment? You. That's right. Your productivity, your earnings, your property - and the property, earnings and productivity of the unborn - are offered up as collateral to US debt holders. Why do you think US treasuries have been traditionally the safest investments on earth? Because the government has offered up your productivity and income to debt holders, eventually taxing from you and future generations what it needs to make payments. Unmanageable Debt Load In the end, all US debt is born by consumers irrespective of how it's assessed. For those of us who pay them, income taxes continuously remind us of our share of government spending. However, mryiad other taxes we all ultimately absorb aren't as easily seen. For example, exise taxes on companies must be collected from you, corporate taxes and employee taxes must be passed on to you as part of the cost of doing business, government mandated permit and regulatory fees work their way into your costs of purchase, and so forth. De-pegging Our Currency Investors and foreign governments question our ability to withstand dramatic debt escalation. In fact, many countries seek to depeg the United States dollar and, should they prevail, expect a massive devaluation of your dollar... think worst case scenario. The government's actions imperil every American as it offers up each citizen as an asset, auctioning off our livelihood, productivity and national wealth. The $11,000,000,000,000 national debt we've amassed is equivalent to over $38,000 per US citizen - and growing. If previous generations saddled you with $38,000 in debt upon your birth how would you respond later? |
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"A Formidable Opponent Followed By Legions Of Devotees Has Hastened The Battle For Our Nation's Heart & Soul. Your Desire and Commitment To Her Past, Present, and Future Must Outweigh a Desire To Make Excuses For Inactivity. Pull Yourself Out of Your Comfortable Life, Shed Your Frustrations and Take Responsibility For A Nation Whose Existance Rests In The Balance."
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