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Gold, Peace and Prosperity - Ron Paul

Gold, Peace and Prosperity - Ron Paul

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Published by TheLibertyChannel
Gold, Peace, and Prosperity
bv CONGRESSMAN RON PAUL of Texas

A book on how the economy is destroyed and consolidated under the private investment banks. For centuries (starting with the central banks of Sweden and England, more than 400 years ago), investment bankers have created façade corporations known as central banks, in every country.
These central banks are first given para-governmental authority to herd and regulate the economic system and be the sole issuers of currency. They then introduce the fractional reserve system, under which banking agents (the central bank and the private banks) can create and issue credit that is not-covered by any measure of real wealth they have in reserve or deposit. To give an example, if under any country's fractional reserve status, it is permissible to issue credit on a 1:10 ratio, that means that the issuing bank/central bank only has to have 1 real currency unit (dollar, euro, pound, etc) in reserve/deposit for every 10 currency units that it issues and lends out to the market. To put it in other terms, 9 currency units in 10 are created out of thin air, by the bank.
So, and through this process, these banks create enormous amounts of fake money (non based on any real wealth, and literally made out of thin air) that they can then 'lend', and demand repayment from. Of course that repayment generally comes in the form of real wealth: either money acquired through labor, or through real, physical, property. Another side of the coin is that this system introduces the notion of there being more money in circulation than real wealth to redeem it with -- creating monetary inflation, as well as a permanent system of ever-increasing debt, and consequent poverty and inequality.
And, yet another side of this is, when your national governments borrow 'money' from these bankers, thereby feeding the unredeemable black hole of a 'national debt' -- of which YOU are the guarantor, through the confiscation of your hard labor and of your property (via taxation, of course).

Please read this and spread it. And indispensable companion to this book, one that will give you an even broader perspective into this matter, is 'Tragedy and Hope', by Professor Carroll Quigley.
Gold, Peace, and Prosperity
bv CONGRESSMAN RON PAUL of Texas

A book on how the economy is destroyed and consolidated under the private investment banks. For centuries (starting with the central banks of Sweden and England, more than 400 years ago), investment bankers have created façade corporations known as central banks, in every country.
These central banks are first given para-governmental authority to herd and regulate the economic system and be the sole issuers of currency. They then introduce the fractional reserve system, under which banking agents (the central bank and the private banks) can create and issue credit that is not-covered by any measure of real wealth they have in reserve or deposit. To give an example, if under any country's fractional reserve status, it is permissible to issue credit on a 1:10 ratio, that means that the issuing bank/central bank only has to have 1 real currency unit (dollar, euro, pound, etc) in reserve/deposit for every 10 currency units that it issues and lends out to the market. To put it in other terms, 9 currency units in 10 are created out of thin air, by the bank.
So, and through this process, these banks create enormous amounts of fake money (non based on any real wealth, and literally made out of thin air) that they can then 'lend', and demand repayment from. Of course that repayment generally comes in the form of real wealth: either money acquired through labor, or through real, physical, property. Another side of the coin is that this system introduces the notion of there being more money in circulation than real wealth to redeem it with -- creating monetary inflation, as well as a permanent system of ever-increasing debt, and consequent poverty and inequality.
And, yet another side of this is, when your national governments borrow 'money' from these bankers, thereby feeding the unredeemable black hole of a 'national debt' -- of which YOU are the guarantor, through the confiscation of your hard labor and of your property (via taxation, of course).

Please read this and spread it. And indispensable companion to this book, one that will give you an even broader perspective into this matter, is 'Tragedy and Hope', by Professor Carroll Quigley.

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Published by: TheLibertyChannel on Oct 17, 2010
Copyright:Attribution Non-commercial

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12/15/2013

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Gold, Peace, and Prosperity
 
Gold,Peace,and Prosperity:The Birth of a New Currency
bv
CONGRESSMAN RON PAUL
of Texas
THE FOUNDATION FORRATIONAL ECONOMICS AND EDUCATION, INC.
LAKE JACKSON, TEXAS

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