The scam: From their own mouths
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Peace,
The fiat currency, fractional reserve banking is a sham of an economic system.
I encourage all to read the following article, however for those who are not familiar with the subject I have highlighted the following quotes to stress the importance of the subject and encourage learning. (emphasis mine)
http//www.mega.nu8080/ampp/corporate.html
``By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens...''
-John Maynard Keynes``In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.''
-Alan Greenspan, 1967Keynes is the father of the activist monetary policy that is in practice today in the industrialized world. Greenspan, of course, is the current chairman of the Federal Reserve and of the FOMC.
``The Federal Reserve Banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers.''
-Congressman Louis T. McFadden``...From now on depressions will be scientifically created.''
-Congressman Charles A. Lindbergh, Sr., 1913, on the Federal Reserve Act``We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.''
-Robert H. Hamphill, Atlanta Federal Reserve Bank