1. Private bankers
2. Fiat currency is that which is proclaimed by government decree (or fiat)
3. It sells treasury bonds
4. Only having a "fraction" of the money you lend out backed by anything tangible like precious metals.
Don't know if I nailed all of them, but think I'm closer than most Americans would be.
Did you READ all of my reply? Notice I said I had no trouble believing there were that many dumb-asses around...just that I didn't think he would take that chance with $1500.00.
"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
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