What is this stuff called Money?

United States of America’s Currency

Kanook – Tlingit Nation
February - 2010

Even since a group of International Bankers created the US Federal Reserve in

1913 as a World Wide response to prior financial panics and bank runs, the most
sever at the time was the Panic of 1907, it has evolved into a entity today that has
positioned the people it serves into a perpetual debt scenario, one they will never
be able to crawl from with under.
Today, February 8th, 2010 the USAs National debt is $12,357,242,315,627 that is
$12.36 Trillion and as such there is 307,804,156 people living within its borders this
translates into each and every person owning $40,146.44 of that debt. A debt that
our current method of generating money can never repay, so quit bitching about
the National Debt and move on, why?
If the US Government came to every individual and took every single penny from
each to pay off that debt, there would not be enough liquid cash available – why?
First let me explain the different types of designations we put on our money
supply:
“MO”: This is the total of ‘all’ physical bills and currency, plus the money on hand
in bank vaults, and all the deposits those banks have at reserve banks – in the Mid-
2009 timeframe the Federal Reserve said this amounted to $908 billion.
“M1”: This includes ‘all’ the currency in the “MO” supply along with ‘all’ the
money held in checking accounts and other checkable accounts at banks, as well as
‘all’ the money held in Travelers’ Checks, in mid-December 2009 this total $1.7
Trillion, of which $908 billion was the “MO” supply.
“M2”: This includes everything in the “M1” supply ‘plus’ most other savings
accounts, money market accounts, retail money market mutual funds, and small
denomination time deposits such as ‘certificates of deposit or under $100,000.
According to the Federal Reserve, this amount totals $8.5 Trillion again in Dec-2009.
“M3”: This includes the entire amount noted in “M2”, plus ‘all’ other CDs, which
are large time deposits and institutional money market mutual fund balances,
deposits of EuroDollars, and repurchase agreements – whereas the Federal Reserve
DOES NOT track “M3” anymore, according to ShadowStats.com
(www.shadowstats.com) the “M3” is somewhere in the neighborhood of $14 Trillion,
some neighborhood.
Hold on, the amounts noted in “M1, M2, and M3” actually DO NOT exist! Why?
Simple, our system is based on an abstract known as “Fractional Reserve
Banking”, whereas the banks can do some pretty funny stuff with the money you
deposit in their institutions.
For example, let’s say after receive you lowly paycheck and survived the trip to
the grocery store you want to deposit $100 with your local banker, now by law he is
NOT required to have that $100 sit in his vault until the day comes when you want
it. Today, by law he is required to keep only a certain percentage – let’s say 10%.
What this means if that before you even drive out of the parking lot I walk in and
borrow $90.00, he dips into the same $100 and removes $90 – BIINGO. For the
sake of the demonstration let’s assume I deposit the $90 in another account, follow
this through and observe how far we can run the “Fractional Banking” scheme.
 In this example the original $100 gets loaned out a multitude of times, whereas
the only “real” money there is the $100 – and the bank loaned out $887, this is not
real money! Even though the only “real” money is your original $100, the system
functions because “we” DO NOT run down to the bank and demand all of our money
at the same time.
In more than a sense (cents-get it), most of our money floating around is made up
of “thin air”, in fact most banks have NO RESERVE REQUIRMENTS at all on savings
deposits, CDs and certain kinds of money market accounts, whereas “reserve
requirements” only apply to transaction deposits, or checking accounts.
Keep in mind, that “multiplied” money is only PAPER, it doesn’t actually exist – in
other words the money supply reference in the “M2 and M3” accounts are vastly
overstated in how much “real money” actually exists in the US system.
You can quickly see that is the US Government ran out into the street and
demanded every single dollar from all banks, businesses and individuals within its
borders it could not collect the $14 Trillion (“MS”) or even the $8.5 Trillion (“M2”)
because the amounts are based on FRACTIONAL RESERVE BANKING.
When you study the Federal Reserve, you soon realize what it was designed to
accomplish, to slowly drain the massive wealth of the American people into the
pockets of the International Bankers, giving them an eternity of cash flow while
slowly bringing the American economy under their thumb. Face it, it is a project or
scenario the American government (ie-you) cannot win…it is an impossibility to
even believe we could ever catch up – that is unless we change the game.
The US Constitution calls for the control of currency to be dictated by the US
Congress, but as we know the politicians in our Nations’ capital will never let that
happen, despite the words of one of the Nations’ founding fathers Thomas Jefferson
who said:

"If the American people ever allow private banks to control the issue of
their money, first by inflation and then by deflation, the banks and
corporations that will grow up around them (around the banks), will
deprive the people of their property until their children will wake up
homeless on the continent their fathers conquered."

Today, let’s assume we even had enough money to make a monthly payment on
the $12+ Trillion dollar debt, the 1st months payment based on the Federal Reserve
exchange of T-Bills for more printed money, would be $62,758,997,038 or $62.76
million of which $46,545,413,968 or $46.55 Million would be interest or 74.17% -
okie Dokie – how do we solve this huge discrepancy.
The only way is to SHUT DOWN the Internationally controlled Federal Reserve and
restore the power of issuing US currency to the US Congress – if you are unwilling to
do this, then quit your bitching about our National Debt and get on with your life
and get used to the fact that other countries own more of your pocket book than
you realize.