Thread by @GregLWooten

I welcome his calling out the Fed. But I think he should go further.

He should push for having our government go back to the way we did things before 1913: we should issue our OWN currency.

They were called UNITED STATES NOTES
- not -
Federal Reserve Notes.

I could talk about how our country is being ripped off by the Fed all day. And Fractional Reserve Banking? That’s like playing Monopoly. Seriously, if you read the Monopoly rules, it states: “The Bank never runs out of money”.
Just. Like. The. Fed.

I wonder if @realDonaldTrump has read or heard this book.

I’ve been a Trump supporter the entire time, and have been into politics since Reagan ran against Carter. No one has really had the guts to push back against the Central Bank the way Trump has. Kennedy tried.

Remember how Trump wanted Andrew Jackson’s portrait in the Oval Office immediately. It was Jackson who slayed the 2nd Central Bank of the US. Decades later, the 3rd Central Bank was created .... and we’ve been stuck with it ever since.

Those of you who are older know a lot of this. But for those who don’t, you don’t realize just how bad the Fed rips off the United States. We have to purchase currency at interest, to use to pay the previous interest. We (the government) aren’t allowed to create our own currency.

You might think that creating money out of thin air is wrong. Well, it is, when the entity creating that money out of thin air CHARGES YOU INTEREST just to purchase it. And has NOTHING TO BACK IT.

In the old days, We The People agreed to let our government create money out of thin air - partially. Some was backed by gold; some was backed by silver; some was created out of nothing to provide the currency needed for circulation.

Another important point about issuing currency: it has to take into account the population growth. It takes more and more currency in circulation as time goes by. Inflation can be controlled by ONLY increasing money supply as a proportion of growth.

The key to all this? Our government shouldn’t be BORROWING AT INTEREST the currency that We The People grant them the authority to create. It’s right there in the damn Constitution: the Power to Coin Money.

I’m not suggesting we shouldn’t pay back the Principal of what we owe (although I have friends who think we shouldn’t even pay that back). What I’m suggesting is that the President should issue a new executive order, at the appropriate time .....

.... that would order the Treasury Department to start issuing gold and silver backed currency as a start. Just one step. Then, another move towards actually issuing *some* fiat currency (I know that’s a dirty word) but at least they would not have to PAY INTEREST ON THAT.

And that’s my whole point to this thread. Issuing “fiat currency” is one thing, but paying interest to borrow that fiat currency is ridiculous. Our government does not need the Fed’s permission to create the money our economy requires.

Hope you enjoyed my thread / rant / tweetstorm this evening. I want to thank Brian Cates @drawandstrike for inspiring me to write more like he does. /End