Long ago it was realized that whips and chains were too obvious a form of slavery.

Long ago it was realized that whips and chains were too obvious a form of slavery.

People in the U.S do not own the monetary system, it is owned by privately owned banks (profit seeking individuals).

Most money is not "printed", only a small percentage of the currency is represented by greenbacks and coinage. The rest is digital. Money is created with a General Ledger transaction.

We have fiat currency and it is backed by nothing except the promise made by people to contribute X amount of energy to the economic system in the future. For the privilege of participating in the economy and using the monetary system you must pay a percentage of the wealth you generate in the form of interest. For some this can be as high as 21%. The poorer you are the more you are charged to participate in the system because you are considered a greater risk.

If everyone went out and spent all the money they had in savings or attempted to withdraw it from the bank the economic system would collapse.

The Federal Reserve is not a government agency, it is privately owned by a few people. The use of the term “federal” was to create an illusion that 96% of the population still operates under.

Long ago it was realized that whips and chains were too obvious a form of slavery and it was not humane and very messy. So a new, much more humane form of slavery was developed one that would not be so obvious and not as messy to manage. This has worked fine for many years however we can no longer hide the theft of energy from the system using M2 and M3 in other words locking down funds so they can’t be spent. Like a barrel with a false bottom.

For a long time a few controlled the communication channels and popular thought, but now thanks to the Internet and a diversified media truth is running rampant and awareness is increasing. People are going to demand change and release from the system of indentured servitude. How will that be handled?

•M0: The total of all physical currency, plus accounts at the central bank that can be exchanged for physical currency.
•M1: M0 + the amount in demand accounts ("checking" or "current" accounts).
•M2: M1 + most savings accounts, money market accounts, and certificate of deposit accounts (CDs) of under $100,000.
•M3: M2 + all other CDs, deposits of eurodollars and repurchase agreements.

As of March 23, 2006, information regarding M3 will no longer be published by the Federal Reserve. The other three money supply measures will continue to be provided in detail. On March 7th, 2006, Congressman Ron Paul introduced H.R. 4892 in an effort to reverse this change. Isn’t anyone curious why they would not want to publish this information anymore?

Is there a better system? Perhaps for sure the current one needs to be reformed and endowed with transparency, accountability and the economic leakage eliminated and a balanced and fair playing field maintained. Is it that bad, maybe not, it could be worse and it could be better. So I think we should look into economic system reform it is of a very old design. For example if the current charge for operating the monetary system is 6% of every dollar created and the real cost is probably around 1/2 % then that is what should be charged.

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