On this week's broadcast, economist Jerry Robinson exposes the immoral nature of America's debt-based paper money system and encourages listeners to protect themselves through financial wisdom.
Recently, Jerry’s 6-year old son asked him this question. As the teacher in him seized the moment, he realized that there are many other people who may not fully understand why money is paper and more importantly, how money has actually become debt. Sit back and enjoy this eye-opening, inspired lecture on what money is – and is not.
China was the first country in history to adopt paper money
The Nixon shock of 1971 came when he took the U.S. dollar off of the gold standard
It’s easier to carry around paper than it is to carry coins, especially if you have a lot of them
Every U.S. dollar is actually a ‘Federal Reserve Note’ or a loan by the Fed which must be paid back with interest
Paper currency is issued by ‘fiat‘ or government decree
So why is paper money usable if it has no intrinsic value?
PRAISE FOR JERRY 'S BOOK "Jerry Robinson does an excellent job of explaining the 'Petrodollar' system. His book explains exactly how this will come about, but equally important is the comprehensive section on what you can do to protect yourself."
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