November 21st, 2004

they_fly

On US banking system and petrodollars (not too serious)

What You Didn't Know About the Dollar & Iraq
by Mark Owen

The Federal Reserve is a system of private banks separate and distinct from the U.S. government. This banking system was originally conceived by John D. Rockefeller and J.P. Morgan. The FED, as it it known, is listed in the white pages along with Federal Express, the Federal Deposit Insurance Corporation, and other businesses. The bank produces Federal Reserve Notes. They use these notes/dollars to purchase government bonds. These notes are a fiat currency. Historically, all fiat currencies eventually crash due to hyperinflation from over-issuance. Collapse )