Slavery takes a loan

For some, it’s difficult to imagine slavery, but for others, it’s a way of life.  Allow me to make a bold statement, one which I believe wholeheartedly: the people of the United States have lived in slavery since 1917 and the creation of the Federal Reserve Banking System.

One of the key issues of all-time to me is the Federal Reserve Bank.  The Federal Reserve Bank is a private bank (a federal Express) that the government says is able of producing currency.

Its currency is entirely flat, as it have nothing to anchor it (gold, silver, precious metals, etc.) and this currency is simply produced to the needs of our economy.

The only reason it is worth anything is because people believe they can make transactions with it.  Otherwise, it’s just worthless paper.

The Federal Reserve makes money by loaning out its currency with interest to the government of the United States.  So let’s assume it has a one percent interest rate, and the government has a dollar (which is really loaned from the Federal Reserve at interest, remember).

After interest, the dollar is worth $1.01 to the Federal Reserve Bank, $.99 to everyone else.  So where does the money to pay back the loan the government made come from?  The Federal Reserve, because it is mandated as “legal tender” by the government through the Federal Reserve Act of 1917.  So our government pays off the debt accrued by borrowing additional dollars from the Federal Reserve.

If all the currency is made by one bank, and that currency is loaned out to the people at interest and the money to pay the interest coming from the bank again, it compounds our debt infinitely.

The one thing that made me a Libertarian is this simple statement I found made by the Federal Reserve Chairman in 1973: “We have to have debt.  If every individual, including the federal, state and local governments paid off their debts, there would be no money left in circulation.”

We work to become more indebted to the government, which is indebted to the Federal Reserve.

The reason I became a Libertarian is because, simply put, the Libertarian party is the only party I have ever heard about that propagates the abolition of the Federal Reserve and the tyranny it represents.

If you read this today, don’t live your life enslaved to the system; live the life of freedom God intended for you- oppose the Federal Reserve.