[dennisw]

Prior to 1933 and Roosevelt's gold confiscation we had three paper currencies circulating. A return to this would be a good idea. Let stinking Federal Reserve notes compete against gold and silver backed paper currencies

In 1933 we had circulating-----

1. Federal Reserve Notes
2. Silver certificates that could be redeemed in silver at the US Treasury
3. Gold certificates that could be redeemed in gold at the US Treasury
4. they were all green looking money like we have today

 

1. after 1933 we had two paper currencies circulating
2. Silver certificates that could be redeemed in silver
3. Federal Reserve Notes

 

1. silver certificates were eliminated in 1964 along with silver coinage so all we have left are 
2. Federal Reserve Notes

 

1. Currency is maybe 6% of our money today
2. most money is created out of thin air by the Federal Reserve and supplied to banks electronically
3. this money is ledger entries that exist on hard drives

[Toddsterpatriot]

Currency is maybe 6% of our money today

Currency is about $917 billion. M1 is about $1824 billion. M2 about $8834 billion.

most money is created out of thin air by the Federal Reserve and supplied to banks electronically

Actually, most money is created out of deposits by banks when people take out loans.