[Cboldt]

Congress doesn't create the money any more, it has farmed that out to a private bank.

At any rate, in the context of this thread, I was just opining that "keystone" is a reference to the Federal Reserve / Treasury.

And yep, money comes from thin air. Nothing wrong with that in principle, as long as the creation and destruction is done in proportion to the needs of commerce, and the "money market" is transparent to the public.

[philman_36]

Congress, by unconstitutional means.

Congress doesn't create the money any more, it has farmed that out to a private bank.

What I meant is obvious, from context.

[politicket]

And yep, money comes from thin air. Nothing wrong with that in principle, as long as the creation and destruction is done in proportion to the needs of commerce, and the "money market" is transparent to the public.

No - money doesn't come from "thin air". Look at the Fed's H.4.1 report, which is a balance sheet.

Money ("currency") is backed by debt instruments (T-Bills, notes, and bonds).

Debt instruments are a claim on the future labor of citizens - therefore "money" is backed by a claim on that future labor.

International banks and globalist elites do not care how much "money" they own. Instead, they care about how much future labor of others they own. That is the power they seek.

[politicket]

Also, the money supply of every country used to based on "completed labor". The country's Treasury would issue the currency against labor that was completed for infrastructure, etc. This currency would then circulate in the economy.

Holland established the first debt-based currency, then England follow in the mid 1690's.

Afghanistan and Iraq were two countries that didn't yet have debt-based currency. That changed after the US invaded them. Their currency systems were converted after control was gained.