The Creature from Jekyll Island by G. Edward Griffin, or really any intermediate macro economics text book.
In my first inter macro class when we got to central banking and the fed. I knew right away that it was a damn scam, beautiful and ingenious, but a damn scam none the less. The gold, if there was any, is long gone! There is nothing backing your fiat currency except DEBT! They use the dept to loan out more currency, in most cases with dollars, with a term and rate that they know can't be sustained. Next they bet on your failure to make payments.
Once default occurs, not only do they collect on the bet they just won, but they also take physical assets as payment for the original loan, i.e land, water, mineral, etc FOR PENNIES ON THE DOLLAR. Now they own ENTIRE NATIONS.
The Creature from Jekyll Island by G. Edward Griffin, or really any intermediate macro economics text book.
In my first inter macro class when we got to central banking and the fed. I knew right away that it was a damn scam, beautiful and ingenious, but a damn scam none the less. The gold, if there was any, is long gone! There is nothing backing your fiat currency except DEBT! They use the dept to loan out more currency, in most cases with dollars, with a term and rate that they know can't be sustained. Next they bet on your failure to make payments.
Once default occurs, not only do they collect on the bet they just won, but they also take physical assets as payment for the original loan, i.e land, water, mineral, etc FOR PENNIES ON THE DOLLAR. Now they own ENTIRE NATIONS.
Rinse, repeat, own the world.
Tho congress could pass a law to cancel all that in a second.