Money 101 and why you have no banking privacy

Why are government agencies so concerned about citizens’ money and property holdings? Why do individuals and companies not have banking privacy and bank secrecy if they so desire it?

The reason the U.S. government monitors citizens’ bank accounts through their agents (banks) and keeps tabs on their property is because human collateral is all that backs the dollars in circulation. Banking privacy is a privacy right-as in constitutional right, and a God-given right. But, unless your government knows that the human taxpayers will pay income taxes, the ponzi scheme that is the Central Bank of the United States will come crashing down. So, citizens rights are taken and they have no bank secrecy, no financial privacy as the government agents (banks) steal these rights, share it with those who subscribe to data banks where customers’ banking information is kept, and all citizens who don’t know better, never question the system, and remain ignorant about how the money system works.

Centuries ago, Gold was hoarded as a store of value and used for trading for goods and services. Storage was sought by owners of Gold and the Goldsmiths who stored the precious metal issued paper reciepts to the owners. It was an easy system to tabulate. Receipts valued and marked based on the amount of Gold in storage. Easy, convenient, and fair acccounting practices.

What is money? Money is a receipt, a means of exchange based on property (currency) having value. In order to have value, intrinsic value must be established and there must be agreement in the market place. Commodities or property must be the real store of value in order for money (receipts) to be believed in. Thus, it matters not whether the store of value backing the receipts are oil in storage, rice and beans in the warehouse, Gold in the vault, rare shells, buckskins, or ivory. The concept of money remains the same; assets have to back the monetary receipts being exchanged to give this money credibility and to give those holding it confidence that its stability will remain constant-with acceptable valuation changes as per market place perception of the money, of course.

Do you understand your money? Did you know that U.S. dollars are created as debt? Know anything about the Federal Reserve? Once I interviewed ten bankers, some with thirty years of banking experiences, and not one could provide an accurate definition of the Federal Reserve. In fact, the Fed, they all believed, is a part of the Federal government. It is called, “the Fed,”  isn’t it? So, how can it not be a part of the government? Because the name, “Federal Reserve System” was planned as a name for the U.S. Central bank to delibertly deceive you.

The Federal Reserve System was planned by agents for the most wealthy men in the world in 1910 in an obscure place called Jekyll Island, Georgia. Three years later, the Federal Reserve Act was passed and the Fed, a private corporation, as per a contract with the U.S. Treasury, became responsible for regulating monetary policy in the United States of America.

Two reference books on the Federal Reserve System that I recommend are:

1. Secrets of The Federal Reserve by Eustace Mullins

2. The Creature From Jekyll Island by G. Edward Griffin

How does the Fed create money? They print it without any confidence-building assets backing it. That’s right, the private corporation, the Federal Reserve, prints money out of thin air. Sound unbelievable? It gets worse. Once they print it-or issue it in digital credits, they loan it back to the U.S. government and banks at interest.

The Federal Reserve System is the heart of the banking system. All banks in operation borrow from the Fed-the ones who create money they don’t have, and then “loan” it to U.S. banks. Now, of course, such a farse, a bastardized monetary system such as that will only stand for some time-it’s gone 97 years so far. You see, the market is very smart. It doesn’t matter if that market is for Stocks, Bonds, Gold, Silver, Soybeans, Rice, Wheat, Cattle, Houses, or Land, the market (people and facts) know what properties are worth at any given time based on what buyers are willing to pay sellers for that property.

Guess what has happened to your U.S. dollars over time? They have gone down in value, of course-in the currency markets and in the shopping markets-manifested by your loss of purchasing power to buy, or not having the ability to buy what dollars used to be exchanged for in like goods and services. That’s the result of printing money irresponsibly-without assets backing the money receipts; devaluation and a loss of the ability to purchase goods and services at the same rate over time.

Commonly called, “inflation,” the loss of purchasing power is an unnatural market condition. The reason devaluation, not inflation occurs and money loses value is because money is in oversupply-the result of adding more dollars dilutes their value, and the lack of scarcity causes the dollars to be worth less. And eventually, worthless.

Grant Hall

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