American Currency: Is it really Money?

P

Paul Revere

New member
We all have suspicions about the money we call American currency, especially since the most recent design/security changes, but do we really know what these bills represent?

Officially, our legal tender, the "Federal Reserve Note", is called "fiat money". Fiat money is defined as; "Paper money decreed legal tender, not backed by gold or silver, and not necessarily redeemable in coin." In other words, they are worthless pieces of paper that carry a decree by our government, that we all have to pretend its worth something.

On the backside of your piece of phoney money (which by the way doesn't say its United States currency anywhere on it) there's a funny looking pyramid (on $1 dollar notes) with a strange eye on the top of it. Does anyone know why the heck that's on our "money"?

The pyramid and the "all-seeing eye" are symbols of a "brotherhood" (secret society) of elitists which go back to anchient Egypt and beyond. The two Latin phrases, "Annuit Coeptis", and "Novus Ordo Seclorum" translate into, "Announcing the birth, creation, or arrival" of "A New Order of Ages". In other words, announcing the creation of the, "New World Order".

Interesting to note that the elitists who control our government, also OWN it. Because of this power, they have been able to control the birth/outcome of nearly every domestic/international conflict, economic boom/bust, every stock market tide, and inflation/deflation. They control the money supply, interest rates, our government, and our future.

It would certainly be a mistake to ignore the impact that the elitists have on our lives. If you need a reminder, just look at the back of your phoney dollar bill.
 
Paul Revere is not to be trusted.

His typing and grammar are too good for a right-wing radical ;)

Seriously, if more people knew the real story of the Federal Reserve and the monopoly on wealth, we'd have an uprising.
 
Read Article 1, Sec. 10 of the US Constitution which states that nothing other than gold or silver shall be legal tender in any of the states.

And.....if more people understood the Federal Reserve, the Gov't would kill us all.

And.......hello there.... the Federal Reserve is a PRIVATE corporation that you can't buy stock in. Aren't we lucky that the Fed prints paper that we all work for?
 
Thanks alot Jack.

Every American should start by reading this book...
http://www.amazon.com/exec/obidos/ASIN/0912986212/o/qid=953665172/sr=8-1/103-0953773-2677446

Jack, I'd agree on the uprising (this is in fact what we should be preparing for). Lavan, I'd guess that they're planning on killing most of us anyway. Killing is simply a consequence of the elitist agenda, take a look at history. What's more important today, is that the elitists see our Earth as a gem with a spreading cancer, the cancer being us. Their future killing will most likely be genocidal. It's obvious however, that either way, either scenario...involves disarming us expediently.

There is no easy way to eliminate our fiat money without creating chaos. Even this idea has been instilled in us as part of their propaganda campaign. This simply creates a reason to continue with the status quo (feeding the beast that enslaves us). And it is this (the eventual chaos), that we must be prepared to endure in order to completely regain our freedom. To regain our freedom...we WILL need our arms!
 
I will glady dispose of all your unwanted paper currency. Just let me know. I'm a hard worker, so the more money, er, unwanted paper currency you can send, the better. ;)
 
Erik...

Tis better to turn the worthless phoney money into something of eventual great value...gold, silver, firearms, ammunition, food, web gear, boots, and more ammunition.
 
Paul Revere - Interesting you should use that name.
Anyway, the funny symbols you refer to are part of the Great Seal of the United States. Annuit Coeptis, BTW, means "He has favored our undertaking".
Novus ordo seclorum does indeed mean the "new order of the ages", but you will note that the Roman date on the bottom of the pyramid is 1776.
The pyramid contains 13 tiers, representing the 13 colonies, but is unfinished, signifying work to be completed. The All Seeing Eye has some Masonic significance, hardly surprising since the majority of the Founding Fathers were Masons, but it symbolizes God's favor, and spiritual over material values.
They were hardly a secret society of elitists. The design committee was headed up by Ben Franklin, one of the elitist ringleaders. Rumor has it, he was also on the grassy knoll.......

------------------
Panzerführer

Die Wahrheit ist eine Perle. Werfen sie nicht vor die Säue.

Those that beat their swords into plowshares will plow for those that don't.
 
Money is whatever we as a people decide has value. As long as it is relatively scarce - it doesn't matter what it is.

In the old days money was big rocks. Then money was a shiney metal called gold. Then gold or silver coins. Then coins or paper currency.

Now money is digits. Electronic commerce. There is no gold or big rocks backing up these electronic digits, there is no paper currency backing up these digits (no masonic signs, no "in god we trust" etc.)- all there is, is an agreement that they will be accepted and they will be scarce.

Quite frankly, I don't see what the problem is. I like the convenience of digits. Rocks and gold are too heavy to be lugging around. Put me down as happy with the current situation.
 
Mr. Pub,

When one entity controls the flow, sets the interest rates and is not accountable to citizens, it does matter. This is a PRIVATE organization (as in, REAL private) and they are beholden to no one. Congress elects the Chair, but that's pretty much a joke. Its like picking which criminal you want to rob you. Read up on the Fed. My study is pretty cursory so far, but you don't have to dig too deep to uncover the stench anyway.

Mr. Revere,

Simply a jest. Hope you didn't take offense.

One question nobody has ever been able to answer for me: since the Fed is privately funded, WHO SIGNS GREENSPAN'S PAYCHECK?

I've always wondered and thought the answer is probably pretty interesting. Anyone?
 
Mr. Pub...

Since rocks are neither scarce or a historic means of trade, I'll assume you were just being sarcastic. Historic means of trade include such things needed in daily life, like food, furs/skins, chickens, cows, goats, tools, "shiney coins" (you get the picture).

The problem with fiat money (the digits you've grown so fond of), is that without a basis for intrinsic value, we will never have control over inflation (our hidden tax) or deflation. Since the money supply is based not upon the availability (or scarcity) of something of intrinsic value like gold, each time new phoney dollars are printed and thrown into our economy, we (you and I) are faced with a reduction in our spending power (called inflation, or better yet, our hidden tax). The net result of this house of cards that's been built (phoney paper money), is its potential for catastrophic consequences. Since the phoney money has been made out of nothing, should a collapse occur, everything tied to those "digits" will be totally worthless.

The difference between the price of an automobile in 1960 to 2000 ($3,000 versus $30,000) is not based on scarcity of automobiles, its based on inflation. Inflation caused by our Federal Reserve System. The differences between 1960 and now are quite obvious. In 1960 we were still backing our currency with small portion of silver held in the Treasury (silver certificates). Today, all fiat money printed is worthless, not backed by anything valuable. It even requires our government to enforce its use as legal tender for it to have any kind of value.
 
Both Mr. Pub and Paul Revere have made
accurate statements.
Indeed, what we spend now,currency and
coin, are "fiat" money. They are backed
by little more than our "full faith and
confidence" in our government.
On face, that could be alarming to some.

Mr. Pub's comment that money is whatever
we decide it is....is correct. As long as
we perceive U.s. (or any other) currency
as having value, it does.

The question is, what is our level of
confidence? What factors could cause us to
lose that confidence. Fiat money works just
fine as long as we are comfortable with
the perception of its value.

THE book on the subject is "The Creature
From Jekyl Island". Facinating story of
how we came to be where we are with our
Federal Reserve system.
 
What's more interesting is who benefits and the way wealth is transferred under "the system."

I'm going to have to get the "Jeckyl" book.
 
Mr. Revere:

Actually I wasn't being sarcastic about large rocks being money. In some pacific islands a long time ago that is what they used for money. If someone sold another islander some cattle, the purchaser rolled some of his big rocks over to the sellers backyard. Check out some books on the history of money. I'm not making this up.

As far as gold being a form of money, remember the supply of gold is constantly being increased as they mine more out of the ground and the gold that was previously mined is still here, it doesn't go away. I see no difference between this sort of inflation and printing more paper money.

The main reason I replied to your post is because I don't think there is anything magical about gold. I don't feel that it retain its previous role as a store of intrinsic value. It was just a scarce metal that everyone agreed to use as a form of fiat money. Now days, gold is losing its place as a representative for money because it is not as convienent as electronic or paper money. It still has some value as a metal and some residual intrinsic value from some people.

As far as digits, what I meant was computer bytes. The amount of electronic money far exceeds the amount of paper money that is in circulation. They don't print a dollar to back up every electronic dollar.

Another thing to consider is how wealth is created as we all become more efficient, productive and inventive in creating new products and services. It use to take 1000 farmers to do what one can now do.

The only way we can tell if the government is cheating is if the core inflation rate rises above the productivity rate.

As far as the mysterious Federal Reserve is concerned, I really don't understand everything that they do. In a way they have to be a bit unaccountable otherwise the politicians and voters will cause them to juice the money supply when they probably shouldn't. The result then is inflation.
 
I will check it out if I have time. Its 600+ pages. Here are the top two reviews of the book from Amazon.com
_______________________

Paranoid nonsense

Reviewer: Michael Kunikis from Cleveland, Ohio March 14, 2000

Why doesn't anyone note that the author of this book is a John Birch Society spokesman and has been for years. Remember, this is the organization whose founder said that President Eisenhower was a communist. Therefore, all you who enter this book, beware. There's paranoia afoot.

________________________

Good, as long as you take it with a grain of salt

Reviewer: A reader from San Marcos February 25, 2000

I think this is a good book, albeit with a few reservations. For example, readers should take the talk of "New World Order," "CFR-Controlled Newspapers," and such things with a grain of salt. In addition, the reader should remember that Report From Iron Mountain IS nothing more than political satire, which has been admitted many times over.
Despite these reservations, this is an important book. It is excellent at explaining that the idea that the Federal Reserve developed as response to the Panic of 1907 is a myth. It also gives a superb discussion on wars, how the banking system works, etc. The section dealing with Andrew Jackson's battle with the banksters is particuraly delightful. Overall, this is a book that every American should read. Four Stars.
 
You must log in or register to reply here.
Back
Top