Banks can create this much money""""""""-- $ 1 6,434.44
March 13, 2006 figures
Data from FRED
F. SANDERS, S.P., MONEY CHANGERS JULY. 2006 A.D.
How do we pay for the use of that dollar three to five times over?
1) First when it is put into circulation it is backed by our birth certificates and social security numbers as collateral and borrowed by the commercial banks to use for circulation in our economy with the interest on that dollar which has to be paid back by us. This is a negative value dollar until it is collateralize d by our bodies and put into circulation. This is the [first step toward positive value].
2) When we put our promise to pay or hard asset as collateral on the dotted
line to borrow it from a bank. This is
the [second step toward positive value].
3) When we put our sweat and labor into it and pay it back full of value to the
lender. This [third step transforms it into a positive value dollar].
4) When we pay interest for the use of it with more [positive value dollars]
earned by the sweat of our labor. This [fourth step adds positive value to the
dollar].
5) When we pay taxes with [positive value dollars] on the sweat of our labor
represented by more [positive value dollars] through income and sales and other
taxes. That is where the commercial banks use our taxes to pay interest on the
debt to the Federal Reserve putting our money into circulation and get this; "we aren't even paying them to actually print
it someone else does that!"
Taxes especially on our
labor would represent the highest or [fifth step positive value
transformation]. That is why being coerced into paying income tax is such an
egregious usurpation of our rights as citizens.
As enforced by the IRS it is just another nasty, old fashioned, mafia
style, protection racket that was never ratified by the majority of the several
states. What is even worse is that our taxes are now supposed to bail out
bankers who have made it their life's work to defraud, manipulate and terrorize
us.
[9] " The government is made up of 54,000 different state, county, local government entities, & public authorities. All of them have individual corporate investment portfolios created with our tax dollars. According to the Comprehensive Annual financial reports all of these representative government entities. There is credible evidence of the existence of vast amounts of surplus funds collectively those funds could be worth trillions of dollars. The funds representing pure surplus have been kept canceled from taxpayers, even as taxes are being raised and citizens are being told to expect fewer government services" .~Walter Burien
The real crime is that The Federal Reserve siphons off all of the [positive value dollars] for their own purposes. If they did not do that and kept our dollars in circulation we would not need a Federal reserve, an income tax or anything else to back our currency. That also accounts for the treadmill we have been put on and the ever increasing inflation and rise in cost of living we have to contend with.
That is why a government entity such as a State can and should print and distribute its own money because it would already be backed by the labor, resources, and assets of its people. Furthermore that is why The Federal Reserve is a vampire without any purpose other than to siphon the life blood out of an economy while enslaving a country's people.
[10] " The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity ." Abraham Lincoln
That is why the "only" entity that should be allowed to create a country's currency is the government as represented by the people of that country.
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