Indeed— each denomination of our “currency” says “Federal Reserve Note”.... they are ALL promissory notes, or in other words nicely printed checks- authentic and everything.
Recommend the most recent Red Pill America podcast on the entire process of post WWII Bretton Woods, removing British Stirling as world’s reference currency, and replacing it with Gold Backed (since the US had all the gold then apparently) US dollars. Then came the spending spree along with LBJ’s “War on Poverty” (which poverty won) massive expenditure of US wealth from our Treasury. The result massive inflation.
Then Richard Nixon came along and took US currency off the Gold Standard. And now comes digital money flooding Wall Street and every where point and click... and a tidal wave of inflation. Inflation is insidious GOVERNMENT taxation of the People.
Nixon had to take USA off any sort of hard money standard in order to print up trillions of un backed Dinetos. Needed to pay off the Vietnam e
War bonds that LBJ ran up. He ran them up because — as he correctly observed— the American people eill give me their. It’s to send to the war trenches. But they will never give me the taxes needed to pay for the war.