The US Does Not Own Or Control Its Money System
What is money?
Most of our adult lives are devoted to making this stuff. Next to food, water, and sleep it’s the #1 concern for most human beings in the US. Nearly 80% of divorced couples cite financial difficulties as a reason for the divorce. And the American Psychological Association reports that 73% of Americans cite money as a source of significant stress.
And yet, despite being the medium for every economic transaction in our financial system, few if any individuals actually understand what money is and how it works in today’s Federal Reserve banking system.
So I ask again, what is money?
The common answer is: Dollar bills or coins.
The common answer is wrong.
The US monetary system is in fact entirely backed-by debt. Dollars are not actually assets, they are debt-backed instruments produced by the Federal Reserve. I realize this is difficult to swallow, but have a look at the Dollar bill itself.
Read more:
http://beforeitsnews.com/story/177/057/The_US_Does_Not_Own_Or_Control_Its_Money_System.html
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