Posted By
PaulC on November 2nd, 2012
Category: Interesting Issues, Money, The Federal Reserve
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If you’re reading this, I suspect that you already have a good
understanding of the fraudulent nature of our monetary and banking
system (or are well on your way to figuring it out). But how do you
communicate that knowledge to someone who has no idea? If you’ve ever
tried, you know it’s not easy. We are a sufficient number of generations into our virtual currency system, and the majority of people accept it
without any question. It is inconceivable to most that it could contain a fatal flaw which might eventually lead to its demise – or our loss of
personal liberty.
Our system of
fractional reserve banking and fiat money is one of the greatest cons
ever devised by man. It hides in plain sight by virtue of a deception
that is just subtle enough to elude the grasp of almost all who
encounter it. Sometimes such an idea cannot be fully communicated
through simple explanation. Rather, it must be discovered by each
individual in his own way.
The following is not so much a quiz,
but possible questions that could be used to lead someone to their own
discovery. In my experience, the average person will not be able to
satisfactorily answer a single one of these questions without doing some actual research. Hopefully, during that detailed examination, some of
the flaws of our monetary system will reveal themselves. I wouldn’t
suggest using the entire list, as that just looks like work, but perhaps a single question or two to pique the curiosity and get the mental
gears turning.
1) Almost every year there are more dollars in existence than the year before. Where do these new dollars come from?
2) Who gets the privilege of spending these new dollars without first
having to earn them? Is this fair? Have you ever received one of these
newly created, excess dollars?
3) If every single American received an equal share of the newly created dollars, what effect would it have on the economy?
4) If these new dollars were distributed unequally, what would the effect be?
5) Only about 3% of the dollars in existence exist in the form of
physical currency (paper money, coins). What form does the other 97%
take?
6) If banks make money by lending out money that is deposited,
how can that money be both lent out and available for withdrawal at the
same time?
7) Why is counterfeiting dollars illegal?
8) If a
counterfeiter could produce a perfect reproduction (indistinguishable
from the real thing), would there be a victim to the crime?
9) If so, who is the victim and how are they actually hurt?
10) If you were granted the sole legal right to manufacture dollars in
unlimited quantity, would there be anything that you couldn’t buy? Would
there be any real limits to your power? Would a democracy still be
possible under that condition?
Want a really good expose on our fractional reserve banking system? Read Murray Rothbard’s The Mystery of Banking. Follow the link for a review. You will also find a link to a free pdf copy, compliments of The Ludwig von Mises Institute.