Q & A with Andrew

Are members of the Federal Reserve “public officials”?

Are members of the Federal Reserve "public officials"? No. They take no oath of office and they are not elected by the people. The entity that controls the issuance of our currency is made up of individuals who are representatives from the world's most powerful private [...]

What are “gold certificates” and “silver certificates”?

These were circulating documents which represented, and could be exchanged for, actual amounts of gold or silver guaranteed to be on deposit in the Treasury of the United States. Gold Certificates were confiscated by Presidential order in 1933, and Silver Certificates lost their redeemability in [...]

What is meant by “Voting with Money”?

 If a Government issues its money, then relinquishes control of it and allows the free market to determine its value, (as in the case of gold coins), then people can vote with their money by choosing to finance public projects by loaning their gold and silver coins to the Government, or by [...]

How did the Founding Fathers feel about the Banking Industry?

Thomas Jefferson perhaps best summed up the prevalent feeling when he said, "If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and the corporations that will grow up around them will deprive the people of [...]

What is “fiat currency”?

Currency not backed by gold or silver. The word “fiat” means “command” or “decree”, translated from Latin as “let it be so”. Fiat money derives its legitimacy from the issuer's power to tax, or to punish. When we look at history, we see that every [...]

What is “debt money?”

What is "debt money?" Currency based on evidences of debt. Under the Federal Reserve System, the only way currency enters circulation is through the creation of debt. When any commercial entity, including you and I, enters a debt contract (i.e. mortgage, credit card), the debt obligation [...]

What is your general long range forecast for our economy?

What is your general long range forecast for our economy?  I foresee a slow, steady inflationary cycle that will eventually wipe out the purchasing power of today's dollar. But it will be done at such a slow, steady and insidious pace, that not one man in a million will realize what's [...]
1 2 3 4 5 6 7