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The Story of Banks
(as told by the Federal Reserve)
Rising debts and increasing bankruptcies are the result of Congress suspending the FREE coinage of metals - INTO MONEY - and switching us to bank credits as our medium of exchange. These acts converted our nation from a wealth monetary system, where people created money for society's benefit though the fruits of their labor to a monetary system where now all new money is loaned in circulation as an interest bearing debt since this system only creates the principal and never the interest the debt is always greater than the money supply. This fraudulently created debt forces American citizens to borrow constantly so the system can function. Eventually the process becomes unworkable as society, mortgaged to the hilt, can no longer afford to borrow. The debt creates extreme stress for us as we struggle to meet impossible money obligations. The results are: a constant rise in the costs of living, layoffs, family breakdown, increased drug and alcohol use, and increase in crime and a general moral breakdown.
Originally posted by The_Investor
Our monteary system is incredible and is why you get to waste time on a computer instead of subsitence farming, try somewhere else on the gold standard still such as the Central African Empire...