Q & A with Andrew

Can the Federal Reserve Bank run out of money?

No. The Federal Reserve Bank has the exclusive power to create money in the United States. In effect, this bank has been allowed to borrow money from our collective future, and our children's and grandchildren's futures, and loan it to our present government. That is taxation without [...]

Can the Federal Reserve System continue indefinitely?

One thing to realize about our fractional reserve banking system is that, like a child's game of musical chairs, as long as the music is playing, there are no losers. As long as people that own credit dollars ( these are notes that are not yet printed, but are simply "blips" in an [...]

How has the value of the Dollar changed over the past thirty years?

 In 1967 the average three-bedroom home was about $14,000. A top of the line car could be purchased for around $3,000. A 1799 ten dollar gold piece could have been purchased for about 300 dollars. Today, that house is worth $150,000. The car is selling for $30,000… a ten-fold increase. [...]

Are Federal Reserve Notes Constitutionally valid as money?

Are Federal Reserve Notes Constitutionally valid as money?   Federal Reserve notes are Legal Tender, but are not in fact Constitutionally lawful money. Per Article 1, Section 10, Clause 1 of the Constitution: "No State… shall make any Thing but Gold and Silver coin a Tender in [...]

Are Federal Reserve Notes “sound money”?

  An individual will always be able to trade his labor for produce. An individual can be likewise assured that he will be able to trade gold and silver for produce. But can one be certain that he’ll always be able to trade Federal Reserve   {mosloadposition related} [...]
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