The key to the successful use of any medium of exchange

[samiaseo222]

After three years, I finally got it. The convenience store story allowed me to see the light. Liberty Currency can be used among peaceable people to exchange goods and services just like they can use other alternate mediums of exchange such credit cards. Liberty currency is better than credit cards because each note is actually a warehouse receipt that can be exchanged upon demand for gold or silver coins. The bearer, in reality, owns his own money.


In order to convince someone to use Liberty dollars he must first understand that our traditional paper "currency" is not currency at all. The paper we exchange on faith as "money" is printed, out of thin air, by job function email list private bankers who call themselves the Federal Reserve Board (Fed). The Fed, which is not federal and has no reserves, fires up the copy machines and prints money that is made available to the public for a usury fee that is commonly referred to as interest. To insure that the Fed will eventually be compensated for the money it prints out of thin air and allows us to borrow into circulation, it is backed by "the full faith and credit" of the United States.

Translated, our modern paper money, a debt "note," is not "payable to bearer on demand," because, since 1933, there has been nothing backing them. Without any such backing, Federal Reserve Notes cannot be a "note" because they convey nothing to anyone. Using their money also makes us subject to an entire menu of taxes and regulatory control.