Fiat Money System Must Be Abolished and Adopt Exchange for Value

Does the government "really" believe a "bailout of the banks" is going to elucidate our total monetary collapse? If "we the people" are going to have any hope of surviving and thriving in this current "debt based society" we MUST WAKE UP to our surroundings and educate ourselves to what is "true money" and what is Fiat Money?

As an example, let's look at a typical example of how our current system "creates" money out of thin air! If we look up the definition of fiat money we quickly realize the deception involved. Fiat money (or paper money in the form of Federal Reserve notes) is considered Legal tender. Fiat money achieves value due to the Governments acceptance of payment of taxes and legal tender for all debts, public and private. All we have to do is WAKE UP and look to the internet under the 1st Google search "fiat money". Wikipedia explains in detail how checks, credit cards and debit cards are NOT legal tender? What?

We have a small problem here don't we? We have been told and manipulated that paper money is "real money". By law, Congress only gave the right to "coin" money. If checks, credit cards and debit cards are not legal tender how can we pay our tax debt with these, and better yet how can the debt be absolved?

Fiat money is simply money that is created out of thin air. Banks can lend up to $9 for every $1 dollar in depository! Let's look at an example. Congress is low on "money" to pay for a debt (let's say the war in Iraq). They issue the Treasury department the right to print (or create) let's say a $1,000,000 for the payment of a debt. The Treasury issues those Federal Reserve notes to a bank and allows them to charge interest for the use of that money. Who pays for that principle and interest, you got it, the taxpayer? So let's review, we now have pumped in $1,000,000 into the public sector as debt that will be repaid in taxes paid by the people. The Bank, in no exchange for value is now allowed to charge interest on money that was given to them (see usury), the Government now has sent money to fund the war (a whole another subject of debate), and the American tax payer will repay in taxes? Pretty slick hah?

We haven't even mentioned the worst part of the Fiat Money system. If credit cards, debit cards and checks are NOT legal tender, why were they created?

Simple, there is no more exchange for value in free enterprise ever since the Federal Reserve was "created" almost a century ago and the cartel based monetary system with Mega Banking leading the way in charging usury interest, we are destined to stay in subservience as long as we stay in denial!

We must create our own free enterprise networks. That is the ONLY way to true wealth for all. It is in the exchange for value, whereby goods and services are exchanged or bartered if you will to accomplish a pre determined outcome.

For more on this information and creating your own free society.

Log on to http://www.wakeupcense.com and its "Awakening" and movement.
Scott Lifer- CEO