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banks should be a utility
banks should be highly capitalized
banks should earn money when they create successful businesses
we can no longer afford the Federal Reserve Note
Frederic Delano (FDR's uncle) was on the first board for the Federal Reserve (created in 1913), which promised to back each $1 Federal Reserve Note that it issued with 40 cents of gold.
20 years later in 1933, his nephew, President Franklin Delano Roosevelt (FDR), made Federal Reserve Notes no longer exchangeable for gold and also confiscated every citizen’s gold over the $100 maximum amount allowed.
How convenient.
Bait and switch at its best.
Pic related
This is who is destroying America and making it look like shit to the rest of the world. The US needs to be the first to nationalize or abolish their debt-based, fractionally-reserved central bank.
Today, our currency is based on debt (bond issuance), but our currency IS REALLY backed by labor, which only benefits THE FUCKING FEDERAL RESERVE as everyone LABORS FOR THEIR FRAUDULENT FUCKING DEBT
This is the fucking con. The fruits of our labors and resources for imaginary, unsustainable bond debt and their private, borrowed Federal Reserve Notes.
debt-based central banks are going to become a thing of the past
currency issued in the form of debt, as we have today, is doomed to fail (as it is now)
once a currency is used as an investment, it is no longer useful as a currency
the treasury market globally will become meaningless
nations will begin to use their own debt-free sovereign currencies issued by their treasuries
the Fed will eventually be dissolved
the US Treasury will issue US Notes again
Currency backed by labor (productivity and services) makes a nation strong
Currency backed by debt makes a nation slaves
