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A wise man said…exact no more that that which is appointed you.

mon·ey 1.any circulating medium of exchange, including coins, paper money, and demand deposits.

Commodity Money =Value through Barter and Trade

Representative Money=Backed by Gold and Silver

Fiat Money=Not Backed by Reserves or any known commodity

Credit Money= Exits in conjunction with Fiat Money

NOTE: By design Credit Money Is ALWAYS issued in excess of the reserve it carries.

Let’s Assume Money = Debt

And Interest = Entitlement

Does Money = Value?

Or is value = God,Family and Friends

Generations

Generation

Generate

Genetic

Genes

We need Less Downsizing

Today we only…

Buy, Sell & Trade?

I propose instead we…

Plant, Grow & Sow

1791-1811 The First Bank Of the United States

Bitterly opposed by Thomas JeffersonAnd James Madison as an engine for Corruption

1816-1836 The Second Bank Of the United States

Andrew Jackson denounced it as an engine for Corruption

1816-1836 The Second Bank Of the United States

Andrew Jackson denounced it as an engine for Corruption

1837-1862 National Banks

Currency backed with treasuries. Liquidity problems led to the 1907 panic.

1863-1913 The Free Bank Era

The state regulated reserves that were backed By gold and silver

1913 Creation of the Federal Reserve

Fractional Reserve BankingNo confidenceLoan DefaultsBank RunsBank Bankruptcy 2008

How much does a $100 promise to pay equate to in fractional reserve banking?

In a fractional-reserve banking system, in the event of a bank run, the demand depositors and note holders would attempt to withdraw more money than the bank has in reserves, causing the bank to suffer a liquidity crisis and, ultimately, to perhaps default.

Thanks to the sources:

http://www.google.com – Google is Smart. http://www.sxc.hu/http://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_Stateshttp://en.wikipedia.org/wiki/History_of_moneyhttp://en.wikipedia.org/wiki/Fractional_reserve_bankinghttp://en.wikipedia.org/wiki/Bank_runhttp://en.wikipedia.org/wiki/Pyramid_scam

Human First!