6139008-History-of-Money

orrow as much as it wants. The privately owned Federal Reserve Bank, the central bank in the U.S., producesthe money out of nothing and charges interest to the U.S. government. As more fiat currency is pumped into theeconomy every year that is not backed by gold or silver, prices go up because the money is worth less than the yearbefore. Each government program pumps more worthless currency into circulation, further diluting your savings andmine. Prices go up when more fiat currency is circulated throughout the economy. This inflation is a quiet confiscationof wealth through silent taxation, a hidden tax upon all those who have cash. This is the hidden tax on savings.People don't see it because they don't have someone taking the currency out of their pocket. It is a hidden and deceptivetax.Let me share something with you that may not sit well with the masses. The federal government does not need to tax itscitizens to run the government. Income taxes simply pay the interest on the national debt. The governmentborrows new currency from the Federal Reserve Bank every year and uses that new currency for its federal programs,foreign aid and anything else it pays for. And the U.S. government is paying for all of these expenses by reducing thevalue of our savings. It doesn’t come from our income tax. Our federal government is not run on the federal income taxesthat are collected through the IRS. The income taxes don't pay to run the federal government! The federal governmentuses income taxes to force people to accept the currency, and then it produces more currency to spend on the programs itso chooses. What the vast majority of the people fail to see is that the Federal Reserve is the problem that causes theinflation. They do so by counterfeiting money that is not backed by gold. They use this counterfeited money first-- beforeanyone else. The federal government has an unlimited amount of currency it can borrow from the Federal Reserve Bankto run the government. They create currency out of thin air—out of nothing. There are printing costs but they aremeaningless in comparison to the currency they are creating. The Fed also allows banks to borrow money at a specialinterest rate. The private banks lend it to consumers and businesses.There is a catch. Can you find it? It is in who uses the money first. The Federal Reserve Bank and the U.S. governmentuse the new currency first--when it is worth the most. The currency loses its value as it’s used from one person to thenext. The overall value of each unit of currency decreases as the new currency ripples throughout the economy. The“money supply” has increased without increasing the supply of goods and services. With more currency than there aregoods, prices naturally climb. This is what we call inflation. The currency was reduced in value because the U.S.government borrowed more of it from the Fed. The Federal Reserve Bank and the federal government have the advantageof using the new currency first--when it is worth the most. The currency devalues as it is circulated throughout theeconomy. Let me use this example. Instantly doubling the currency in everyone's pocket would make everyone delightedat first. Most people do not understand that the currency is reduced when more of it is circulated. Since the FederalReserve Bank uses the currency first, they benefit the most because the money is worth the most at that time. They canreap the rewards at the expense of others who will possess the currency at a later time, when the currency is worth less.In this sense, there is a hidden tax to all those who possess currency because increasing the amount of the currency incirculation decreases its value for everyone who has it. An increase in currency leads to an increase in prices as the supplyof goods and services stays the same.How does the Federal Reserve Bank get away with this? First, the Fed cannot be fully audited or controlled byanyone (remember when President Reagan complained about this? Didn’t take long before he was shot by a friend of theBush family 1981!) The Federal Reserve Bank cannot be audited or controlled by the voters, Congress, the House ofRepresentatives or the President. The “Fed” is completely autonomous. They cannot be held accountable for their actions.They call themselves “Independent of Politics” for the good of the people. They claim this is a good attribute because itwill prevent politicians from manipulating the Fed for their own political purposes. In fact, it is the Fed and Congress whoare thieves. They steal the savings of those who possess paper currency. Circulating more and more worthless currencydecreases the value of your savings. This is the most silent form of theft. Counterfeiting is only legal when thegovernment does it through the “Fed.” And most of the currency that is created is simply checkbook currency. This is adigital entry into the books. This is currency that is created on a computer screen that doesn’t exist on paper. Most of thecurrency isn’t in the form of paper dollars. The currency exists as digital entries. In the book “The Case Against the Fed byMurray N. Rothbard”, he cited an example of the decreasing value of money during the American Revolution. Continentaldollars were circulated without being backed by gold. Their value dropped, the value was “discounted,” until they wereworthless. The Continental dollar was a victim of depreciation and “accelerated worthlessness” as the currency wasduplicated in vast amounts.Thomas Jefferson, the third President of the United States and author of the Declaration of Independencesaid: “We must make our election between economy and liberty, or profusion and servitude. If we run into such debts asthat we must be taxed in our meat and in our drink, in our necessities and our comforts, in our labors and ouramusements, ...our people...must come to labor sixteen hours in the twenty-four, give our earnings of fifteen of these tothe government,...have no time to think, no means of calling our mismanagers to account; but be glad to obtainsustenance by hiring ourselves out to rivet their chains on the necks of our fellow sufferers...And this is the tendency of allhuman governments...till the bulk of society is reduced to be mere automations of misery...And the forehorse of thisfrightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.”Public debt and taxation leads to oppression. We see two income families trying to maintain a standard of living that tookonly one breadwinner to achieve years ago. Gold is the only standard that protects property. Paper money is worthless. Itis all about control. Those that have operational control of the Federal Reserve Bank have control of the money, theeconomy and eventually the laws. They have a firm grip on the throat of this country. Their lack of accountability is due tothe ignorance or the masses and willful blindness of the politicians. Politicians fear the Bankers and refuse to challengeThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 390