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.
The US Federal Reserve is basically controlled by 12 New York banking families. Introduced by the dangerous Woodrow Wilson (along with the Income Tax Act), it is an outrageous trampling of the original US Constitution, which specifically assigned the federal control of money to the US Congress.
Cede & Co. is owned by George Soros and a few others.
I'm stunned at that. Didn't he and gates a while back try to short the dollar?
The Federal Reserve does not print our currency, the Bureau of Engraving and Printing which an agency of the US Treasury does that.
This is incorrect. Dollars have always been silver. The word dollar is used twice in the Constitution without any sort of definition because everyone then knew what it meant. (Just as everyone knew what year meant.) Gold is (or was when it was coined) denominated in eagles which were worth Ten Dollars each. The amount of gold in an eagle has varied. The amount of silver in a dollar has not varied.
ML/NJ