“Yes. We pay Currency Interest in the form of dissidents”
Whatever that’s supposed to mean.
“A MANDATED currency IS the bill whenever a free voluntary currency is cheaper.”
You didn’t explain how the currency you’re now using is costing you anything.
Free voluntary currency already exists. ‘Ithaca Hours’ is an example, it’s been around since 1991. You just can’t demand that others accept it as payment.
American banks used to print their own money and still can. They don’t do it because issuing checks works much better.
Banks cannot issue their own currency.
The word “dollar”, a common word is banned. The Fed does not need to no knock down doors when banning common words is simpler and everyone gets in line.
The State could ban the words “bread” and “water”, and other derivatives, then sell their own monopoly at inflated prices.
Power is spread by allowing non threatening money alternatives to flourish. Once a money threatens, it’s Intellectual Property is stolen and the dissident owners are in prison. That has happened. The process is similar to shadow banning.
The Fed’s primary role is to protect Congress from their bad decisions, replaced with the Fed’s own poor decisions. Historically the Govt created money directly, got greedy and were thrown out of office. Now the people are screwed but Govt stays in power.
I enjoyed your discussion, both Pelham & central_va, you both are knowledgeable. :-)
I have scoured the internet for years, but a good source explaining the Fed Reserve and practical economics is still sadly elusive. So we are all left with what we know.