Yeah, I understand it quite a bit. A Federal Reserve Note is a note of debt with interest attached to it. A REAL "dollar" is actually unit of measurement...so many grains of gold or so many grains of silver because gold and silver has an intrinsic value.
many recessions and Depression under gold so we switched to paper and all is about same. For 3rd time: issue is not paper or gold, but rather how you manage the paper or gold.
Notice how you tried to change subject because you don't understand monetary policy??
I don't think this Dale Smith guy knows much about the economy or monetary policy outside of some alt facts he googles in his off time.
However, I do have a slight issue with what you stated. I will say that a Depression may be an issue with fiscal or monetary policies...but I would actually make the case that recessions are simply a reality. They are part of the ups-and-downs of the business cycle and, in some ways, a recession can actually be a good thing as it forces the economy to "cut the fat" so to speak and make sure it is being efficient and producing things consumers find useful.
I know quite a bit about this debt slavery based fiat currency system and the international bankers that run it for their profit. You think that it's just a coincidence that every country with a central bank is in over it's head in debt to these parasitic entities? If debt is money and money is debt and the debt notes have to be used as a medium of exchange, then there is real no such thing as "money" because REAL money has an intrinsic value like gold or silver. The question that no one can answer is "If all money is created out of debt, where does the money come from to be the interest?
Answer: It doesn't exist and it never has and that is why bankruptcies and foreclosures are built right into the system with the bankers ending up with hard assets from "money" that they created by the stroke of your pen when you signed a promissory note that they then monetized because under the Uniform ( I call it Universal) Commercial Code, anything can be monetized or used as a negotiable instrument by this cabal of thieves. The bank risks nothing as in they are not equally invested. They "manage" your loan and you pay it back with your labor which is what moves this fiat currency. You would have to understand the Chapter 11 bankruptcy of 1933 and the gold confiscation of the people that followed in order to understand why your signature matters. I doubt that you could digest it and I don't want to waste the time nor the energy to go into more detail.
I'm glad you finally revealed your position of ignorance.
You don't understand the fundamental concept of what money is. Money is simply a commonly accepted medium of exchange that people recognize as holding value. As far as what what the medium is...it could be gold or silver...it could be paper...it could be heads of cattle, skins of sheep, cigarettes, barrels of oil, diamonds, or even simply electronic placeholders. The only difference between what is "real" money and what is not is simply...do people recognize it as holding value and are willing to conduct trades utilizing that value holding instrument? Until you fundamentally understand what money is discussing anything related to finance or the economy is a waste of time since you lack an understanding of what you are talking about.
So can I exchange a "fiat dollar" for something of real value? Because that is how paper currency came into existence to begin with going back to the Knights Templar when they stored gold for the people in exchange for paper receipts.....AND if you can print money out of thin air or create "checkbook money" by adding numbers to a ledger (via the Promisory Note) and then assign a value to it? How is it any different than Monopoly money?
Answer: There isn't any difference because it has no intrinsic value. You don't know the history, you don't understand the Bretton Woods agreement. The dollar only has value as long as someone is willing to accept it....not because it can then be exchanged for something of real value that one could use. You are the one that lacks knowledge and understanding. Three percent of all fiat currency is actually paper...the rest is nothing but numbers on an a computer screen in an account using your "ALL CAPS corporate fiction name.
Yeah, I know infinitely more than you.........
