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For the newbies here, with Love!

Essential primer on U.S. money.

Most citizens aren't aware that every dollar that comes into existence does so as a dollar of debt because the entire money supply of the United States is no longer backed by gold or silver, but DEBT. Is it any wonder we are now in a "credit crises"? We now live in a nation so overwhelmed by public and private debt, it will be impossible to pay it all off.
Video version (59 min) http://video.google.com/videoplay?docid=5232639329002339531

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reedr3v's picture

yes, great for newbies, very clear;

and good for us oldies too.

bumped and bookmarked


"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."