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Read Learn  Marinate Wake-up
A wise man said…exact no more  that that which is appointed you.
mon·ey       1.any circulating medium of exchange, including coins, paper money, and demand deposits.
Commodity Money =Value  through Barter and Trade
Representative Money= Backed by Gold and Silver
Fiat Money=Not Backed by Reserves or  any known commodity
Credit Money= Exits in  conjunction with Fiat Money
NOTE: By design Credit Money Is ALWAYS issued in  excess of the reserve  it carries.
Let’s Assume  Money = Debt
And Interest = Entitlement
Does Money = Value?
Or is value = God, Family and Friends
Generations Generation Generate Genetic Genes We need Less Downsizing
Today we only… Buy, Sell & Trade?
I propose instead we… Plant, Grow & Sow
1791-1811 The First Bank  Of the United States Bitterly opposed by Thomas Jefferson And James Madison as an engine for  Corruption
1816-1836 The Second Bank  Of the United States Andrew Jackson denounced it  as an engine for Corruption
1816-1836 The Second Bank  Of the United States Andrew Jackson denounced it  as an engine for Corruption
1837-1862 National Banks Currency backed with treasuries.  Liquidity problems led to the  1907 panic.
1863-1913 The Free Bank Era The state regulated reserves that  were backed By gold and silver
1913 Creation of the Federal Reserve Fractional Reserve Banking No confidence Loan Defaults Bank Runs Bank Bankruptcy  2008
How much does a $100 promise to pay  equate to in fractional reserve banking?
In a fractional-reserve banking system, in the event of a  bank run , the demand depositors and note holders would attempt to withdraw more money than the bank has in reserves, causing the bank to suffer a liquidity crisis and, ultimately, to perhaps default.
 
Thanks to the sources: http://www.google.com  – Google is Smart.  http://www.sxc.hu/ http://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States http://en.wikipedia.org/wiki/History_of_money http://en.wikipedia.org/wiki/Fractional_reserve_banking http://en.wikipedia.org/wiki/Bank_run http://en.wikipedia.org/wiki/Pyramid_scam Human First!

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