More debt than currency ever printed the money system is a scam

The money system is such a scam. The way money works in this country the government and the people will never get out of debt. NEVER! NEVER! NEVER!

We have more debt than money in circulation:

Total currency:

The rest of the money is in bankaccounts of various types, and the Federal Reserve has tracked these funds in three different values known as the M1, M2 and M3 money supplies. (M3 has since been dropped. More on that below.)

M1 represents all of the currency in the M0 money supply, plus all of the money held in checking accounts and other checkable accounts, as well as all of the money in travelers' checks. In June 2013, the M1 money supply for U.S. dollars equaled about $2.5 trillion [source: Federal Reserve].

M2 is the M1 supply, plus all of the money held in money market funds, savings accounts and CDs under $100,000. In June 2013, the M2 money supply was about $10.5 trillion [source: Federal Reserve].

M3 is M2 plus larger CDs. As of March 2006, the Fed stopped tracking the M3 money stock as an economic indicator because it felt it did not add any information on economic activity that was not already available from M2 [sources: Federal Reserve, Federal Reserve Bank of New York].

All told, anyone looking for all of the U.S. dollars in the world in July 2013 could expect to find approximately $10.5 trillion in existence, using the M2 money supply definition. If you just want to count actual notes and coins, there are about U.S. $1.2 trillion floating around the globe.

As of July 2013, currency in circulation—that is, U.S. coins and paper currency in the hands of the public—totaled about $1.2 trillion dollars. The amount of cash in circulation has risen rapidly in recent decades and much of the increase has been caused by demand from abroad.

Total debt public and private:

As of the first quarter of 2010, the Federal Reserve estimated that total public and private debt owed by American households, businesses, and government totaled $50 trillion, or roughly $175,000 per American and 3.5 times GDP.

Here is how the SCAM works:



If the Trumpster really wanted to make this country great again, he would do what Lincoln did during the civil war and bring back the Lincoln Greenback. Grease the economic machine so people can experience the good times for a change instead of ever increasing debt and poverty.

During the Civil War (1861-1865), President Lincoln needed money to finance the War from the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back.

Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote:

"(we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts..."

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks".

Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

Shortly after that happened, The London Times printed the following: "If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun­tries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe."

Trump needs to print his own money. It will make America great again and it will be a huge boost to the Trump ego. The Trump $100 bill! Oh Boy!!! Think about. Trump, sign the executive order to get full legal tender Treasury notes. Trumpbacks!!!

a reply to: dfnj2015


What does Trump have to do with the World Monetary System?

a reply to: dfnj2015

Agreed. There is no other "next step".

Print new interest free money through congress.

All else is a WAR on us.

mitigate+++

mitigate++

mitigate+



All countries are debt based economies.

Nothing else will ever work.

originally posted by: seeker1963
a reply to: dfnj2015


What does Trump have to do with the World Monetary System?

Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort.

Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated
to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private.

I want Trump to get the Treasury department to issue legal tender for the war on terror. Instead of Lincoln Greenbacks call them Trump Silverbacks or something. A $100 bill with Trump's picture on it!!! IT WOULD BE AWESOME!!

a reply to: tadaman

Finally, someone who agrees with me on something. Thank you!

a reply to: dfnj2015
Yea, that would be nice. But your talking about asking him to basically forfeit his life. Regardless of how awesome he is, I still believe he values his life over a crusade against the FED, as such endeavors are typically short lived by the protagonists who partake in them.

Besides, don't you like getting a decent Bluetooth speaker for like 7.99 at the checkout counter?? Don't you know what it takes to get the lithium and other rare earth's to market on an industrial scale to provide hundreds of millions of people with their own rechargeable and wireless electronics and high resolution display?

It takes this very system to get what we all want. We will just have to accept it in the process of finding our own success.

a reply to: dfnj2015

Fractional reserve lending creates the principle but not the interest.

The system is designed for never ending expansion and inflation. It is not a system that can be sustainable in a limited world.

a reply to: dfnj2015
JFK tried to bring back real money. Look up executive order 11110. It was to return the currency back to silver certificates but he was assasinated. LBJ immediately reversed this executive order and the Federal Reserve retained its control. Trump is very rich and doesn't want to be killed so he won't be attempting any major disruption of the Federal Reserve.

The way out of the debt-backed system will come from the rise of cryptocurrencies. Soon the monopolistic control of the monetary system the FED has will erode as more wealth is stored into cryptocurrencies instead of Federal Reserve and other central bank notes. Competition amongst currencies will determine the long term winners and losers, but one loser for sure will be the central banking system.

originally posted by: SouthernForkway26
a reply to: dfnj2015
JFK tried to bring back real money. Look up executive order 11110. It was to return the currency back to silver certificates but he was assasinated. LBJ immediately reversed this executive order and the Federal Reserve retained its control. Trump is very rich and doesn't want to be killed so he won't be attempting any major disruption of the Federal Reserve.

The way out of the debt-backed system will come from the rise of cryptocurrencies. Soon the monopolistic control of the monetary system the FED has will erode as more wealth is stored into cryptocurrencies instead of Federal Reserve and other central bank notes. Competition amongst currencies will determine the long term winners and losers, but one loser for sure will be the central banking system.

JFK wanted to use silver for industry. He wanted to use silver for coin, that ended in 1964 with the exception of the Kennedy 1/2 in and that ended in 1974 I think. If I understand it correctly he wanted to use gold for paper dollars.
There was a situation of silver being $36 in London and being worth $35 in the US. It's been a while since I looked into this. There is a lot to it and Kennedy wanted to still have an asset backed dollar. Then throw in the massive dollars that Vietnam was spending outside the US and something had to give and it was the asset backed dollar.

a reply to: SouthernForkway26

The way out of the debt-backed system will come from the rise of cryptocurrencies.

wrong! Cryptocurrencies are exactly what will cement the debt system forever. The entire point of crypto's is to encourage and trick people into accepting the cashless society, where every single transaction is now tracked. Do you really believe the governments and Banks of the world will allow them to remain in private hands much longer?

Mark my words, crypto currency will bring about the cashless society which will enslave all who participate even worse than we have today. By the time cryptos go mainstream after the banks and governments hijack them legislatively, the NSA will have more than enough source material for the corrupt politicians to use against their rivals. Think about that in ten years when lawmakers use a crypto to buy private things and they want to pass a controversial law.

Anyways, crypto's are just another Fiat currency anyways. I will stick to metal.

a reply to: SouthernForkway26

uhh what?


This executive order amended Executive Order 10289 (dated September 17, 1951)[1] by delegating to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act. The order allowed the Secretary to issue silver certificates, if any were needed, during the transition period under President Kennedy's plan to eliminate Silver Certificates and use Federal Reserve Notes.

during the transition period under President Kennedy's plan to eliminate Silver Certificates and use Federal Reserve Notes

a reply to: xuenchen
The thing was, if the SOT is issuing silver certs, then they were not Federal Reserve notes. I remember reading there was at least $59 million issued before they stopped.

I have this strange notion though that some of the details behind that incident has already been edited institutionally because the explanations I see today seem different than what I remember in the Early 2000's when I first read about it.
Real Americans hoard Au and Ag anyways! With a bit of Cu and Pb to keep it safe

a reply to: SouthernForkway26


And our bestest friend in the world, Reagan revoked JFK's order.

The text that had been added to E.O. 10289 by E.O. 11110 remained on the books until President Ronald Reagan issued Executive Order 12608 on September 9, 1987 as part of a general clean-up of executive orders. Executive Order 12608 revoked subparagraph (j) of paragraph 1 of Executive Order 10289, as amended by Executive Order 11110.[15] Thus, E.O. 12608 specifically revoked the relevant portion of E.O. 10289 that had been added by E.O. 11110. This action effectively revoked E.O. 11110. By this time, however, the remaining legislative authority behind E.O. 11110 had been repealed by Congress when Pub.L. 97–258 was passed in 1982.

a reply to: worldstarcountry

He's 70. What does he have to lose?

He would have his picture on a $100 bill! Think of the ego stroke it would be!!!!

a reply to: dfnj2015

Money is a scam lol..

Don’t get me wrong, it is easier than carrying around all your livestock, but it is inherently smoke and mirrors..

You take an item that is hard to replicate, and assign it an arbitrary value.. on its face it’s not “real”..

But I would go farther than that and say gold isn’t inherently valuable either..

Well it is now do to micro processors and some other VERY modern innovations, but it was not valuable for the vast majority of history except for the fact we say it is.

It’s too soft to make weapons and tools..


Money is the lubrication of society and just helps us distribute wealth in a way where the peasants don’t burn it all down..

The second a war or disaster that is sufficiently destructive strikes money and gold are worthless .. all that counts are labor force, materials and knowhow..

Plus the trump card of trump cards, the military.

a reply to: dfnj2015

I agree with you , except ya gotta figure out how he is distributing it???

That is what should have happened during the mortgage crisis, except every dollar the government paid a bank should have been paying off some random persons debt..

The wave of free housing would have created a boom of extra income for people to spend..

originally posted by: seasonal
a reply to: dfnj2015

Fractional reserve lending creates the principle but not the interest.

The system is designed for never ending expansion and inflation. It is not a system that can be sustainable in a limited world.

Exactly. Modern financial systems are based almost entirely on debt (and some energy trading). The trick is keeping the debt liquid. And when expansion stops so does the liquidity, collapsing the pyramid. Or part of it (like 2008 e.g.)

Its not sustainable in any format that doesnt have strategic collapsing of markets, and those are used by the ruling elite to capitalize / pilfer everyone elses assets.

a reply to: JoshuaCox

The banking scandal is terrible and was the whole thing was done with the US population under duress. It was hugely unpopular, the only thing that was more unpopular was the ACA (obama care).

The politicians do not serve the voter, they serve the lobbyist.

a reply to: worldstarcountry

People are acting like Kennedy was trying to dissolve the Federal Reserve.

He was all for it 100% despite what some old myths say.