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Treatise - When There is No Money

eBook (PDF), 35 Pages
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When the government of the United States issues bonds to the Federal Reserve, and the Federal Reserve authorizes the printing of Federal Reserve Notes or adds digits to an account of the government, is there really any borrowing of anything? When a man signs a promissory note and gives it to a lending institution, is he borrowing money from the “lender”, or is the “lender” borrowing money from the man. Does the United States actually borrow standard dollars of intrinsic value, gold or silver, or does it in effect convert the credit of the nation into a paper currency? Perhaps there is in fact no borrowing occurring, only the illusion of borrowing. When paper currency is issued, the “lenders” are the people; and the government as borrower, is a debtor to the people, who have knowingly or not, provided the value for the currency in circulation.
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Product Details

Published
September 29, 2011
Language
English
Pages
35
File Format
PDF
File Size
201.74 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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