Q & A with Andrew

When the early American settlers found that clamshells (known as "wampum") were the most useful material they could have for trading with the Indians, they began to use it for trading among themselves. In 1637, the government of Massachusetts made wampum legal [...]

Federal Reserve notes are evidences of debt of a private bank. Their quantity and value are determined by a group of businessmen who own these private banks.     {mosloadposition [...]

Our Bureau of Engraving and Printing prints the money, and then sells it to the Federal Reserve Bank simply for the cost of the printing. The Federal Reserve bank then loans it back to our Government. The Federal Reserve also demands security to back up the loan, so Congress authorizes the Treasury [...]

Yes. U.S. currency serves as local currency in many foreign countries. According to Federal Reserve Board Governor Lindsay, more 100 dollar bills circulate in the former Soviet Union than anywhere on earth. Current estimates range as high as 220 billion dollars in $100 bills are in Soviet [...]

Would the Federal Reserve Bank object if Congress decided that United States Notes should replace their notes? The Fed has expressed that they are not as concerned with the paper money supply as they are with the electronic money supply, because the paper money supply is only 600 billion dollars, [...]

 It's an attractive idea. but we can't really do that. Over the years, the US Government has convinced "we the people", through various maneuvers, to establish different trust funds. Now there are some 170 different trust funds that "we the people" have established [...]

No. The Federal Reserve wants us to believe that their notes are dollars.   {mosloadposition [...]

When Franklin Roosevelt issued the following proclamation: "By Executive Order of The President, issued April 5, 1933, all persons are required to deliver on or before May 1, 1933, all gold coin, gold bullion, and gold certificates now owned by them, to a Federal Reserve Bank, branch, or [...]

Are Federal Reserve Notes really "dollars"? On February 18, 1977, an attorney for the Treasury admitted that "Federal Reserve notes are not dollars". Although they are denominated in dollars, Federal Reserve notes are in fact merely notes for dollars. They are not dollars [...]

The Federal Reserve Banks are a privately owned consortium controlled by the eight major stock-holding families: The Rothschilds of England and Germany, Moses Seif of Italy, Lazard Freres of France, the Warburgs of Germany, Kuhn-Loeb of Germany, Goldman-Sachs of the United States, Lehman Brothers [...]