Q & A with Andrew

Can the National Debt ever be repaid?

 The Debt can never be repaid, because the money needed to pay the interest is never created. We have a "Debt Money System", and it can never work and be prosperous for anyone except those who issue the money. The Debt Money System has been used to debauch the currencies of just [...]

How is our money created?

How is our money created? According to the Federal Reserve Act of 1913, I have established the following; The Department of the Treasury contacts the U.S. Mint and declares that a Federal Reserve Bank has expressed the need for dollars to be printed. The Bureau of Engraving and Printing prints the [...]

What is a “Dollar”?

The word “dollar” originally came from the Bohemian word “thal”, which meant “valley”. A silver coin was minted from the silver found in Joachimsthal, Bohemia (Joachim's Valley). The coin became known as “a thaler”, which soon after became [...]

When did paper money begin in Europe?

 Europeans did not get involved with paper currency until well into the 17th Century. As a product of the Reformation there began the widespread accumulation of wealth, and starting after 1660, some people began to look for places of safekeeping. The practice started by taking one's gold [...]

What Is Money?

Money has taken many forms throughout history. Gourds, stones, feathers, Beaver Pelts, sticks, bronze axes, and dozens of other items that we might now consider odd choices for currency have served as money. In ancient Greece, oxen were used as the basic unit of exchange. When gold and silver coins [...]

What else has been used as money?

Money has taken many forms throughout history. Gourds, stones, feathers, beaver pelts, sticks, bronze axes, and dozens of other items that we might now consider odd choices for currency have served as money. In ancient Greece, oxen were used as the basic unit of exchange. When gold and silver coins [...]

You seem to be against paper investments. Why ?

Not at all! I think paper is an excellent investment. So is wood, steel and coffee. Just kidding! I know what you are driving at. It’s just that I believe in market cycles, because there is a season for every asset. Recent studies have shown asset allocation as crucial to portfolio success. [...]

Can we keep rolling over the National Debt indefinitely?

The annual interest payment will tell the whole story. When you get to where you're spending 60 or 70 percent of the Nation's total income in interest payments, that's the real telling point. Taxes are about as high as they can go. If politicians began talking about raising taxes, [...]

How does the Fed make money for its owners?

It’s not as most people think. The interest the Fed makes on its bond holdings in miniscule compared to the money it can generate from its many unreported activities. Their biggest profits are all indirect and “off the books”. Take the Mexican bail-out, where Mexico was getting [...]

Is the Fed ever Audited? – done

The Internal Revenue Service has no jurisdiction over Federal Reserve Banks; therefore it is never asked to produce its records or books. After many years of pressure, Congress required auditing by the General Accounting Office in 1976, but exempted all monetary activities from such audits. Audits [...]
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