Silver Coin ownership protects against "new money"

Silver Snowball Preparation Today

Question

What political party gained momentum in 2010?

The articles of the Constitution specifically state that, "...gold and silver shall be the official currency...". Do you work to earn your money? If so, then please read this.

New money increases the money supply. This money is created by the government through the Federal Reserve Bank. The problem is that this paper money is not backed by gold or silver. In 1971 President Nixon abolished the gold standard. This has resulted in paper currency. Prior to this happening, goods and services were traded for with paper money. This paper money was backed by silver on demand notes. These notes are no longer printed.

The abolishment of the gold standard has resulted in a circle where more new currency printed steals the value of the existing money supply. Thus your dollar bills have diminished purchasing power. This is normally referred to as inflation. Inflation is a hidden tax on the public. Savings accounts lose power and money for capital investments decreases. So where does all this money come from?

The fractional reserve system of the central bank contributes immensely to the glut of currency in American society. The act of expanding the money supply without there being a proportional expansion of goods and services in the economy will debase the currency. The historical value of the money supply verses the US dollar illustrates this inverse relationship. This inherent relationship produces two things; debt and increased currency.

In 1913 the Central Banking system was established. This system created money out of debt. This money was and is disproportionate to the deposit in the bank. This deposit amount can be loaned out at a ratio of eight to one. This increase in the supply of money devalues all existing money. These actions contribute to the perpetuation of the national debt

Answer

The Tea Party

As people are forced to compete for labor opportunities to cover their costs of living they often take out loans to survive. These loans reveal the fraudulent nature of the banking industry. That being the application of interest. When money is borrowed it must be paid back with accrued interest. The money borrowed from banks' deposits is expanded in supply through loans.

Perpetual deficit occurs through the need to pay back the accrued interest. What happens is the actual money loaned never existed in the first place. The principal of depositors is used to create exponential debt to subsequent borrowers that is eight times greater than the deposits and principal in the bank. Money is created by bookkeeping entries.

These facts were illustrated in the 1969 foreclosure court case of Jerome Daly verses First National Bank of Montgomery in the state of Minnesota. This case was won by Mr. Daly. An examination of the personal memorandum of the presiding judge revealed an interesting fact. The judge revealed that he felt only God can create money out of nothing.

Real wealth is not created by manipulating electronic ledgers, but by acquiring and holding real money as described in the American Constitution. The Constitution specifically states that only gold and silver shall be the official currency. Learn all that you can. Live long and prosper.