Ron Paul?
On your first link: Brilliant Austrian school of economics scholar Murray Rothbard asked a seemingly complex question in the title of his essay: "What has Government Done to our Money?" The answer turns out to be pretty simple: Government consistently debases our money. How and why it debases our money has everything to do with politics, and nothing to do with the laws of economics.
That makes perfect sense. He who controls the money controls the power. Our government controls where our dollars go.
On your second link: Today the principles are the same, but the process is quite different. Gold no longer is the currency of the realm; paper is. The truth now is: “He who prints the money makes the rules”-- at least for the time being. Although gold is not used, the goals are the same: compel foreign countries to produce and subsidize the country with military superiority and control over the monetary printing presses.
I don't understand the quote in bold. Could you please explain that to me?
Our money use to be backed by gold. A dollar was a value of gold.
Then our money was backed by silver. That stopped too.
Now, our money is backed by....faith? This faith, for lack of a better word, is set by the market value.
>>>>He who prints the money makes the rules<<<<
Our money is printed by the Federal Reserve. It really isn’t a government entity. Therefore, they control the rules.
Cede & Co. c/o The Depository Trust Company is affiliated with the Federal Reserve. They are like a holdings that isn’t legally attached; but value wise are.
Cede & Co. is owned by George Soros and a few others.
pph, Paul's articles should be read and re-read until every thought becomes crystal clear. Freepmail me if you are still having a mind block on this. The essential truth here is that faith these days means that if you don't honor the dollar in exchange for your products, your products may be stolen from you in other ways -- perhaps militarily.
No need to conquer a nation to capture its resources anymore. Just force them to accept the value you have established for your dollar even though they have the right to accept another's currency which has more value.
FRN's are a substitute for war and are backed by military might.
The battle today seems to be over which nation or block of nations can print prettier reserve notes.