Paper receipts provided for the convenience of trading valuables. That’s what “money” was intended to be. Asset-backed, paper is the only credible money source. Unless you’re the Federal Reserve, that is.
The “Fed” is neither federal nor do they have assets backing the currency printed for the U.S. treasury. Or do they?
How about human collateral? People who are forced to pay the debt created from thin air by the Fed, loaned to the government at interest may be considered the best form of loan collateral-as long as they continue to pay.
Think your tax dollars go for services such as roads, highways, bridges, city services? They don’t. Every dime paid to the Internal Revenue Service goes to one source; payment of debt and interest to the Federal Reserve System-the private corporation “hired” by congress in 1913 to control monetary policy as the privately-owned central bank of the United States of America.
Does any of this make any sense based on your educational background and those business and economics courses you struggled through? Never knew that the “Fed” was a private corporation, I’ll bet.
Check out these references to enhance your education on the subject-the controllers of your devalued dollars;
1. Secrets of the Federal Reserve by Eustace Mullins
2. The Creature from Jekyll Island by G. Edward Griffin
Once you’ve got the books, refer to the bibliography and footnotes. Check those often.
While Griffin’s book is a near-best seller over many years, the public at large generally remains ignorant of the source of their money, and seeming buy the inflation argument as an explanation of why so many wind up poor in their later years. In fact, this fiat money creation system, a pyramid scheme is the reason for devaluation of the currency, and your loss of purchasing power.