The Scam and Reform of Money Creation
Introduction I've been meaning to write this article for a while now. My purpose is to give you a tactile or intuitive sense of how our money is created by the Federal Reserve Central Banking System, and why in each instance of that procedure the result is an increase in debt, somewhere in the economy, payable by a party who received the benefit of the money. And then I am going to show you by contrast how money creation SHOULD be handled according to the intentions of the writers of the US Constitution, and why that procedure DOES NOT automatically result in the accrual of debt for either the US Government or the recipient of the dollars that are created. So put on your thinking caps, good friends. This will not be hard to understand, but you do need to think about what I'm going to show you. Are you ready? Okay, let's begin. Federal Reserve "Bank Money" Debt-Based System First let's look at a representation of a basic double-entry bookkee