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I think you have a good foundation to digest it rapidly, Cal. This article, or better yet, the full report published in Whistleblower, should fill in any blanks you may have. I know we didn't get into the FedRes in our discussions, but I'm sure the full report is a re-hash of what many folks have been saying for decades. Might be worth the price of subscription to get the full story all in one place. Particularly since the Fed actually admitted the Great Depression was due to their shenanigans.

Remember the processing points: The old dolar was backed by gold, and gold represents labor already perfurmed and constitutes real, portable wealth.

FRN's are I.O.U.'s -- a promise for someone to perform labor at some future point to pay the interest on what we are borrowing and spending today. All we do when we spend an FRN is pass the I.O.U. on to somebody else to worry about working it off in the future in exchange for goods and services we consume today.

It's a lose-lose situation. Expansion, contraction policy is the mechanism for skimming and scamming off the meger savings people are able to sock away by the periodic loss of the purchasing power of their saved assets.

You just can't put an FRN in the bank and expect to buy a loaf of bread for it 10 years down the road as you could with gold-backed currency.