Steps of HOW faked fiat money became a reality
#1 Gold and silver were the powerful money in the founding of the United States of America, and the founding fathers declared that only gold or silver coins can be “money” in America.
#2 Since gold and silver coinage are heavy and inconvenient for most transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their paper (fiat) coupons as money, or “currency.” But paper currency is not money, but a money substitute. Redeemable currency must promise to pay a paper dollar equivalent in gold or silver money.
#3 Money Changers learned that of all the gold and silver they took in to their vaults at most 10% ever asked for the gold and silver at any given time. So, they decided centuries ago to loan out 9/10ths of 90% of what was in their vaults at USURY INTEREST, but they did it with paper certificates. This is what is called “Fraction Reserve Banking.” Around 190 Rothschilds Crime MAFIA CENTRAL BANKS (like the Federal Reserve) follow this and far less stringent policies of Fraction Reserve Banking. This is the most powerful money-making scam ever developed in human history that gets swamped with Money with virtually zero work effort. This is the reason the Rothschilds Crime MAFIA owns and controls over 50% of all resources in the world and owns and controls over 50% of the wealth in the world. Today loans are made with money out of thin air (not money in any vaults) and Usury Interest is charged for this free Money. Remember the Money Changers only loaned out the paper certificates and NOT the GOLD & SILVER so the SCAM was open-ended or unlimited. The Rothschilds began as Money Changers and grew new scams around the central scam, including faked wars and renting out soldiers for those wars that created so many new DEBT SLAVES.
#4 Early US paper dollars could be redeemed for the equivalent in gold or silver money, but in 1913 CE the Rothschilds Crime MAFIA tricked America into creating the Federal Reserve, a private CENTRAL BANK owned by the Rothschilds MAFIA members. Paper Federal Reserve Notes (FRNs) produce paper dollars with no such promise of being redeemed for Gold & Silver, and are not real “money,” but are FIAT paper notes which are a debt obligation of the federal United States government, not “money.” That is why FRNs are called “DEBT CURRENCY.” — The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution of the United States of America to issue paper currency. So this whole Fractional Reserve Debt System is not legal, but is imposed by the Rothschilds Crime MAFIA.
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#5 Step in the Scam is that whenever there is an increase of the supply of a paper money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs and inflation is a powerful invisible form of taxation that irresponsible criminal run governments inflict on their citizens. So when the MOB wants to rob us in another way they simply issue more of the paper fiat money and bang, the value of the dollar drops meaning we all have to work harder to survive. It is a slave driving system and 99% of American are the slaves, but the lower 70% feel the added enslavement it the most when the dollar is devalued. The cost of issue more dollars has become near zero as a number is simply entered into a computer and paper notes are never even printed. So their these criminal in the Federal Reserve have access to an unlimited supply of fraudulent FRNs, paying usually nothing or on some occasions for the printing costs of printing.
#6 FRNs are nothing more than promissory paper debt notes for U.S. Treasury securities (T-Bills) – a
promise to pay the DEBT to the Federal Reserve Bank that produce the notes out of thin air at virtually no cost. You don’t need money growing on trees than you can grow them by typing in a number and hitting “Return” on a keyboard.
#7 There is a fundamental difference between “paying” a debt and “discharging” a debt. To pay a debt, you must pay with value or a substance like gold, silver, a commodity or other real item of value. The Federal Reserve pays with fiat paper out of thin air. Why don’t all Americans have this Rothschilds MOB privilege and WHO THE HELL GAVE THAT PRIVILEGE TO THE ROTHSCHILDS CRIME MAFIA IN THE FIRST PLACE? With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of “good & valuable consideration.”
#8 Why then do we get to pretend the FRN’s have value? OIL and the FEAR of the MILITARY is the primary reason. Other nations must accept Rothschilds Crime MOB fiat currency because the Rothschilds Crime MAFIA owns our CIA and Military and will kill anyone who does not honor their paper currencies (UK, France, USA, Israel, Switzerland, Australia, and all but three nations). The current faked wars are all about getting those last three nations and reestablishing Russia as a puppet like USA & UK & Israel are.
#9 So because all our DEBTS can NEVER be “Paid in Full” in a DEBT CURRENCY SYSTEM this means more and more DEBT SLAVES are created each second of day. And the Rothschilds Crime Mafia sits back and collects the Usury Interest and WEALTH of hard-working humanity, who can never get caught up much less get
#10 This Unpayable debt transfers power and control to Rothschilds Crime MAFIA that can issue many out of thin air and set the Usury Interest on that money. They also control the law, the (in)justice system, and so much more. This is because they have the majority of WEALTH and can payoff any politician or have other eliminated. AIPAC is one of the main tools to control all our elected representatives. Their lust is for power, control, and world Dictatorship. Since the inception of central banking, Usury Interest (Babylon), and fractional reserve banking, they have controlled the fates of nations. The Rothschilds Crime MAFIA has been doing that for around two hundred and fifty years.