Did you know that in the 1950's you could buy one loaf of bread for one (1) silver dime. Remeber all coin back then was made from a silver alloy (90% silver and 10% alloy for durability. The Federal Reserve wanting to keep the coin in circulation longer had to strengthen it by adding metals like copper or nickle etc.)
Did you know that today you can still buy one loaf of bread for one (1) silver dime? It's true! Divide the present value of one ounce of pure silver by 10 in order to see the present value of a silver dime. On Jan 25th 2008 silver was at $16.47 per ounce and rising - progressively. Divide $16.47 by 10 and you end up with a pure silver dime being worth $1.64. Imagine that. One pure silver dime can still buy a loaf of bread today. Silver has not lost it's intrinsic value but that green trash we call cash'- sure has. There is nothing of tangible nor intrinsic value backing the Federal Reserve Note.
Fiat Currency.The term "fiat" money is often used to distinguish it from Representative or real' Money, which is fixed to a mass of precious metal- usually Gold or Silver hence, Paper representing the thing of value. Unlike representative money, fiat money is not convertible to specie (a weight
of precious metal).The value' of fiat money is based primarily on faith that the money will remain relatively stable in value (which is by faith) and continue to be accepted as a means of exchange and will be accepted by creditors. (The Arab oil conglomerate - OPEC- has been considering halting purchases of their oil via the US Dollar due to it's continuing drop in value and instability. OPEC has been looking at switching to the EURO regarding all OPEC oil purchases. If and when this happens it will harm our US economy in many ways. Presently the EURO is worth' more - and the US Dollar is worth less. Fuel prices will only get higher and higher, once the speculated conversion' takes place. And, as the gap between the two fiat currencies increases, the harm it will cause will be devastating.) Representative money is often associated with a legal requirement that the bank of issue pay in fixed weights of a given precious metal, fiat money generally has no inherent value. Instead, it derives its value' as a medium of exchange when it is believed' to have value. Therefore- things are NOT getting more expensive. No. It's what we call money that's becoming worth less and less making things appear' to cost more. The press will call it inflation when, in fact, it's just the opposite. It's not inflation. It's the depreciation' or the devaluation- loss of value- regarding our currency; In this case-the Federal Reserve Note/Dollar it now takes more and more of these pieces of paper' (the green trash we call cash) to buy everyday items. And it's gonna get worse. Alan Greenspan quote: "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold.
Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this
insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard".The first beast- world fiat currency- will die when the dollar does. The second beast- a cashless society- is on the rise. Is this a reason why the GFP is pushing identity theft' so hard? It's called social engineering'. The Federal Reserve Board and their foreign counterparts already have their fall back position' created. They have built the perfect beast. "No one will be able to buy or sell anything without going through their New Economic System of Commerce and Currency." As a nation of trusting people now, as well as in 1913, we were fed' a very limited amount of knowledge on this subject. So, who has withheld the truth? Who has withheld the knowledge? Answer: Every level of Government including our
public school system, the Federal Reserve itself and the Press/GFP. They have been feeding the people information that has been cooked and sauteed' to absolute deception' for almost one hundred years. So, now that you know- what will you do about it? Michael Rivero".
BARON NATHAN MAYER ROTHSCHILD
"I care not what puppet is placed upon the throne of England to rule the
Empire on which the sun never sets. The man that controls Britain's
money supply controls the British Empire, and I control the British
money supply."
The Federal Reserve is not Federal. It's no more Federal than Federal Express is. For the Federal Reserve to use the name Federal' in it's name gives anything Federal including Federal Express- a bad name. Both are- for profit- corporations. One is privately held in the hands of a few deceitful men and the other should be used as often as possible for all immediate shipping purposes. What we should have been taught about the Federal Reserve has been cleverly kept from us. Yet many people
have tried to warn us. Some of them did so long ago. Let's start with Louis T. McFadden;
" Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime."
So who is this Louis T. McFadden guy? In 1892 Louis T. McFadden entered the employ of the First National Bank in Canton, Pennsylvania. In 1899 he was elected cashier, and became its president on January 11, 1916, serving until 1925. He served as treasurer of the Pennsylvania
Bankers' Association in 1906 and 1907, and as president in 1914 and 1915.
In 1914, McFadden was elected as a Republican Representative to the Sixty-fourth Congress and to the nine (9) succeeding Congresses. He served as Chairman of the United States House Committee on Banking and Currency during the Sixty-sixth through Seventy-first Congresses,
or from 1920-31. So, he knows what he's talking about regarding the Federal Reserve and the Act that gave it the power to steal the wealth of the people.
