Originally posted by: morkinva
I don't see why you need to apologize with statements like it's tinfoil related. I stand proudly in my belief that there was a conspiracy here.
As for the greenbacks, this is a fiat based currency. From what I remember in the documentary The Money Masters, it's not fiat currency that is a problem. It's the fractional reserve system that makes so much money for these folks. The debt-based money system enables them a lot of power with the interest they charge and is the source of inflation (or deflation as they so desire).
I do understand that the Fractional reseve deposit expansion and the Federal Reserve itself are the prime reason behind our money problems. But I also remember that as shown in the Money Masters video that green back system is based on money issued by the government as compared to Federal Reserve System where the government sells bonds to Fed and then gets credited by the Fed from the credits which the Fed just creates.
I remember that the video did not mention anything about the EO 11110 which got me somewhat concerned. So I emailed Pat Carmack, the maker of the video. He simply replied that EO 11110 had nothing to do with curtailing Fed's money monopoly and I believe for this reason, Pat and Bill did not include any reference to this executive order.
Also, Pat mentions that the United States Notes that were issued in 60's were not a new issue, but the same green back re-issued as they had been issued before.
So to recap, the debt-based system as foisted on this nation since 1864, fractional reserve banking system and the complete Federal Reserve System monopoly are the critical reasons behind our flawed money system.