A lot of people blindly endorse private credit from the Fed without ever realizing there is an alternative: [video=youtube;DU6fxC5CXMg]https://www.youtube.com/watch?v=DU6fxC5CXMg[/video]
Lawful money, Constitutionally, is gold, and silver coin. Certificates of Deposit are shown: It is quite doubtful that there will ever be a return to the Constitutional Gold, and Silver Coin. More likely: DIGITAL MONEY, as is now used in many transactions.
It is just me but I feel it is inevitable. It is designed to go back to gold in the system: The planned UN replacement is SDR's (Special Drawing Rights). Examine this Bill of Exchange perfecting judgment (30 Days) on September 11, 2001. I have the RSA Factoring algorithm on the tip of my tongue so that SDR's are an impossibility for our macroeconomic future.
The inherent value of Federal Reserve notes comes from the government's ability to tax. You need paper money to pay taxes. The more notes that are in circulation, the less each is worth, and so the higher the market price is of your economic exchanges that are being taxed. The problem with inflation is that someone is left holding the money, which is decreasing in value. But suppose you could perform all economic exchanges instantaneously, bargaining in market prices without actually using the bank notes, and immediately taking into account the rate of inflation. In that case, it is really the government who gets robbed by inflation. If taxes are 10% and you pick 10 apples from your tree, you are essentially obliged to give 1 of those apples to the government. The exchange of money can be seen as merely a formality. But if the Federal Reserve orders a round of printing, it is the bank that has all the purchasing power. The price may have changed, but your taxes are still 10%. The difference is it will be the Federal Reserve bank buying your apple, while the money the government got in taxes has become worthless. So likely the higher the rate of inflation, the higher the government is likely to raise taxes to compensate for its decrease in purchasing power.
From 1913 to 1933 the Federal Reserve charter was in effect. Then FDR opened up endorsement of the Fed's private credit up to people in order to save the it. Simply non-endorse your paycheck. Make your demand for lawful money. (Just don't expect that it will be in any form other than Federal Reserve notes.) The power to reverse the inflation and national debt you describe is still in your hands. - - - Updated - - - From 1913 to 1933 the Federal Reserve charter was in effect. Then FDR opened up endorsement of the Fed's private credit up to people in order to save the it. Simply non-endorse your paycheck. Make your demand for lawful money. (Just don't expect that it will be in any form other than Federal Reserve notes.) The power to reverse the inflation and national debt you describe is still in your hands.
