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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.
http://www.fiatempire.com/
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

thanks.

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