I dont understand the whole concept but because of the Federal Reserve, we don't just print money, we also owe money? Again, im not sure how it all works but I think they mean money we print should be handled completely by our government.
For the Treasury to print fake money (our current fiat currency) it has to be “borrowed” from somewhere (the Fed).
This setup is how our economy is based on promises that mean nothing, and how paying down our debt incurred by making fake money would cause the whole house of cards to crash. The answer to our debt problem is not paying fiat currency with fiat currency (a promise with a promise). Ultimate solution is precious metals but it’s probably going to be an ugly one. Big problem.
Jackson got rid of the private central bank - the Federal Reserve of his time.
There is NO reason that the government as the representative of the people should not be able to create debt free money.
Read the book "No more national debt". It is eye opening.
What is "debt free money"?
I dont understand the whole concept but because of the Federal Reserve, we don't just print money, we also owe money? Again, im not sure how it all works but I think they mean money we print should be handled completely by our government.
For the Treasury to print fake money (our current fiat currency) it has to be “borrowed” from somewhere (the Fed).
This setup is how our economy is based on promises that mean nothing, and how paying down our debt incurred by making fake money would cause the whole house of cards to crash. The answer to our debt problem is not paying fiat currency with fiat currency (a promise with a promise). Ultimate solution is precious metals but it’s probably going to be an ugly one. Big problem.