federal reserve is a big pyrmid sceme
barter systems fail too. not the best form of trade. money backed by gold/silver is the best imo.
also vlad not all american money is backed by the people. look up fractional banking. its when a bank is allowed to loan out more than it has to profit. so if a bank practices that and has $1 they can legally loan $2 or more out. creating money out of air makes them profit and hurts our economy.
plus they print money everyday. thats why your dollar drops in price all the time. they dont vote on printing money because the fed reserve is a private business. they get to choose. it effects all of us.
we have to keep extending the debt margin or we will collapse. the dollar is down america is down.
ron paul has some of the best things to say about this federal reserve system ans monetary systems.
[ame]http://www.youtube.com/watch?v=UHep3xgGGNc[/ame]
“he who controls the future controls the past he who controls the past controls the future” george orwell
“We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.”
- David Rockefeller