Monday, January 07, 2008

The Ghost of Money

Further, the Federal Reserve is not Federally affiliated, it is actually a private bank whose ownership is secret. When the US needs money, the US does not print it, it borrows from this private bank, known as "The Fed." Since they abandoned the gold standard and separated paper money from its anchor, paper money in effect is now the ghost of money.

"Paper is poverty,... it is only the ghost of money, and not money itself."
~Thomas Jefferson.

Regarding a Central Bank:
"If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks, and corporations that grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies."

~Thomas Jefferson, 1811

I'm getting interested in Dr. Ron Paul

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