Audit but terminate the Reserve. This is the biggest scam in world history, creating MOOTA (Money Out Of Thin Air). If you gave me the _right_ to loan money which I didn’t even have; I should be rich quickly or be dumb. Dumb like so many are to allow this high crime to continue.
Congress is told to own USA money as coinage by USC (period).
“That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.
Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.
But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.”
— Thomas Edison, via NYT
Any loan creates money. It’s not the Federal Reserve. Every bank ever individual that loans creates money.
It works like this.
Sam has $200.
He loans it to Fred.
Sam now has a receivable of $200 and Fred has cash of $200 and a debt of $200. Voila Sam’s Receivable of $200 and Fred’s cash total $400, you’ve just printed money out of thin air.
Of course! When the government borrows money, they shouldn't have to pay interest. You should lend them your money, right away!