Richard Anatone
InfoWars
We are broke.
We are now at the point where a little girl with a Lemonade Stand now has to go to the State Department and file for a Permit.
On June 5th, 1933, Franklin Delano Roosevelt signed into law the Emergency Banking Act which declared America bankrupt and insolvent. Twenty years after the 1913 Federal Reserve Act authorized a private central bank to loan money to the government at interest, the country declared its bankruptcy. Twenty years after the Federal Reserve Act was passed, Congress enacted House Joint Resolution 192, to “Suspend the Gold Standard and Abrogate the Gold Clause” and the nation became insolvent. Just twenty years after the Federal Reserve Act became law, gold at twenty dollars an ounce was inflated by FDR to twenty-nine dollars an ounce, confiscated with the passing of the Gold Reserve Act in 1934, and then inflated again to thirty-five dollars an ounce.
And almost a hundred years after the passing of the Federal Reserve Act, gold is at around $1200 an ounce, and the US Dollar has lost over 95% of its purchasing power. That should tell us something.
What it tells us that it is physically impossible to eliminate the National Debt. Impossible. In a literal sense. We have money backed by nothing but debt. We have a monetary system where the government says to the private central bank, “Can we have money?” and the private central bank says, “Sure, here’s some paper that says money on it.” We owe that money and interest back to the private central bank. And the only way to give them that interest is to increase the money supply by borrowing more from the same Central Bank at interest. To eliminate the debt would be to eliminate our money supply.
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