Tag Archives: Fractional Reserve

Money, Money, Money

United_States_Note

American Dissident Voices broadcast of May 10, 2014

by Kevin Alfred Strom

MONEY IS THE MEANS by which we are enslaved. But not one man in 1,000 knows how it is done. Today I am going to tell you.

There are many half-truths being vended on this topic in the so-called “patriot movement” and conservative and libertarian movements these days.

Conservatives and libertarians bewail the fact that the government spends more than it takes in — and then bridges the deficit by “printing money,” thereby causing inflation. But the latter part of that statement is a blatant falsehood. The government of the United States, except for some trifling amount of coins needed in commerce, no longer issues currency at all. It has the power to “print money,” but it does not do so. Instead, it goes into debt. It borrows. (ILLUSTRATION: This United States Note is a relic of the time when the US government issued its own currency.)

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