Lies being taught;
Money is a medium of exchange, a common commodity which is accepted in barter for all other commodities.
Now the truth;
Money is a tool of political control through issue of debt based currency.
Example; suppose you borrow a spade from your neighbor to do your garden and after one month you return the spade. You have taken a spade and you have returned the spade. You do not return a spade plus another handle of a spade or plus 6% of spade. So money is not a commodity or common commodity as medium of exchange.
Spade does not lose its value by use but money does. How?
Debt is attached to every dollar in circulation through interest rates. An analogy I like to use regarding the money system; where you take out $100, that $100 dollars would need to be returned to the bank with 6% interest, that's like saying you borrow a shovel from your neighbor and you must return the shovel with 6% of another. It doesn't make much sense but that's how a nation's money system works. Ever dollar in circulation is owed back to the Central Bank with additional money that doesn't exist! Read it again, the words won't change.
"Modern Money Mechanics" was a booklet produced by the Federal Reserve that explained how the process of a Central Bank works. Every truth in that document was overshadowed by banking terminology that 90% of the population couldn't understand. A rough translation is as follows:
The government will exchange gold bonds for monetary notes with the central bank. The bonds are kept by the bank, but the money notes are loaned to the government with interest. Already, one should be able to see a problem.
Let’s say the above amount was $10 billion. That $10 billion was just made out of thin air and then goes into a bank account. Based on the fractional reserve practice, that $10 billion becomes part of the bank's reserves as all money does. Out of that $10 billion, $1 billion is the required reserve, while the other $9 billion is an excessive reserve. The Excessive is used as the basis of new loans. One would think that this excessive $9 billion was coming out of the original 10, but it's not! What really happens is that an additional $9 billion is created out of thin air. So now we have $19 billion created out of $10 billion. Yes, you read that correctly, you should see another problem.
It's stated in "Modern Money Mechanics":
"Of course, they do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissary notes (contracts) in exchange for credits (money) to the borrowers' transaction accounts."
Assume someone borrows this newly made $9 billion dollars and deposits it into his/her own bank account, the above process repeats. This other bank now creates an additional $8.1 billion. This deposit money creation/loan cycle could go on into infinity. With this process $90 billion could be created off of the original $10 billion. The problems keep going.
The only thing giving this newly created money value is the money already in circulation. Unless money is taken out of circulation, which is controlled by the central bank, the existing money will decrease in value. This is what we call inflation. That is why $1 in 1912 is equivalent to $21.60 today.
Debt is attached to every dollar in circulation through interest rates. Every loan that is given out by a bank must be repaid with perpetual interest. In regards to the $10 billion, if the interest rate is 6% then $6 hundred-million is owed back in addition to that $10 billion. If nothing but the $10 billion exists, that must be paid back, where does the money to pay for the debt come from? In short, it doesn't exist. Ever dollar in circulation is owed back to the Central Bank with additional money that doesn't exist! Read it again, the words won't change.
"Let me issue and control a nation's money and I care not who writes the laws." -Meyer Amschel Rothschild-
"I have two great enemies, the Southern Army in front of me, and the financial institutions in the rear. Of the two, the one in my rear is my greatest foe." -Abraham Lincoln-
It's believed, that the Rothschild family was behind the assassination of Abraham Lincoln; the Civil War provided the perfect scapegoat. James Garfield was another president that fell victim for wanting a debt free currency.
“Whoever controls the volume of money in our country is absolute master of all industry and commerce… and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” -James Garfield-
John F Kennedy was assassinated within of few months of issuing executive order 1110 by which intended to replace federal reserve owned money with US owned debt free money.