I’m no fan of the federal bank system, I mean they are why we have inflation, they’re why our money is next to worthless! Money used to mean something, a promise of goods, a promise of gold and now it’s just paper. Actually, it’s not even paper, it’s linen.
So, where did money even come from? I mean, how the heck does owning a one dollar bill mean that I own a dollars worth of gold? Well money used to not exist, instead it was trade and barter, with the addition of valuables like silver or gold. Hold up, why those metals? They’re uncommon, hard to come by, wouldn’t it be better to use something that you can actually get use out of, like meat, fur or butter? Well you’re right, but you’re also wrong. We used special metals not only because of their rarity, but also because of their durability. With a simple silver coin, achieved through the trading of say, corn, you could get a bit of fur. Sure it might be easier to trade the corn for fur directly, but maybe the trader doesn’t want corn. But a silver coin can be anything, it’s like a wild card. Money eventually became more and more popular and soon the gold and silver was replaced with paper and recently with credit cards.
This slow growth into new and easier systems is why a government can’t come in and say “this money is worth such and such, use it” because no one is gonna believe them, and they’ll just go back to trading what they traded before. This is assuming the government isn’t evil and trying to control your very lives.
Let’s look at price controls, because why do I hate the federal bank, and more importantly, why should you? Well the federal bank looks at a problem, say prices or the amount of money it has, and simply prints money to fit the problem. But then a new problem arises, inflation. Well, what’s inflation? Well, inflation is when you get money, and things get more expensive because there is more money. Let’s use the simple example of a bidding war. Everyone is trying to get the same painting and they all have access to a thousand dollars, the price won’t exceed one thousand. Now give everyone a million dollars, suddenly it’s going to get so much worse, the price is going to keep going up and up and up, because they have more of this simple resource, so using more than before isn’t exactly a problem. They lose respect for what money stands for, and that’s what the federal bank does. In fact, they’ve printed so much imaginary money that they literally do not have enough gold in Fort Knox to support the amount.
This is why gas prices go up, why increasing minimum wage is a bad thing. Minimum wage is low for a reason, you cannot live off of it alone, you need a real job to survive. People however, want to do the bare minimum and stick with that. If minimum wage increases, so will prices of gas, taxes and everyday items. Eventually inflation will get so bad that the entire economy will collapse and you’ll be using your life savings to buy a loaf of bread, because the value of money is so little. A dollar today is not worth the same as a dollar from a hundred years ago. It’s worth so much less, a penny is essentially worthless at this point.
Most money is, since it’s not even made with valuable material, because they don’t have enough material to make it valuable.
The Federal Bank is bad. We need to End the Fed, Lock up the Banksters. They should never have been bailed out of their debt, by the government (under Barroth Obama’s rule) when the housing crash happened in the early 2000’s. If they were allowed to go bankrupt, if the big huge evil banks vanished, it would leave a vacuum for better and more honest banks, separate from the federal bank. We need less government control, not more.