History of paper currency Part 1 of 2

[Rico8458]

fiat money is the work of the devil. gold and silver is the work of God.

[20Proff]

Why on earth would you ever pay a credit card or mortgage off. You can no longer claim to be a moral person if you do. The money never existed. The bank didn't work for it, why should you? Scare tactics like, you'll never get a loan and theyll foreclose are complete BULLSHIT. If you take some time like 5 hours a day for 3 months, you will know how to beat them or at least stifle any legal proceedings until you are dead. This is all really easy. If you do pay them, you are an accomplice to fraud

[JJbones88]

@20Proff got any links so i can begin that 5 hours a day for 3 months? I'll start now before getting a mortage

[tnguyen318]

This is classic Economics and Physics Teaching. You still haven't heard anything of how the Paper Currency Came to be.

[LadyNemesis2007]

this is AWSOME information.... each video and book I read fills in more and more of the missing gaps ion my understanding of money!

[TheByronDaleChannel]

@LadyNemesis2007 Would you ever consider reading Byron's new book Modern Money Secrets?

[guitmarc54]

So essentially, The more FED Notes You are sitting on, the more debt you posses, before 1913 The USA;s standard was Gold Cert... no more... it;s the "federal reserve note" Is " Debt Certificate." Then who's the Joke on...???Who's holding all the unconstitutional consequences! Who gets stuck with the bag?the short end of the stick...///

[TheSpanishJob]

Hayek = Nobel Keynes = Nothing

[Lupinpanzer]

Always love how people say that money has no value when not backed by a gold or silver standard. What gives gold or silver its value? Essentially both are relatively useless metals that we give value too because of their rarity. Paper money is the same thing

[JJbones88]

@Lupinpanzer they have great value because they are rare and precious metals from the earth, plus we use silver for tons of products, it's actually rarer then gold. Paper money is all but rare. After the 2007-2008 crisis we tripled the money supply when compared to the past 200 years.

[eusurfer]

heard a song with the line 'what we want is honest money. good as gold and puyre as honey. every dollar pure and true' or something like that. really is the root of all evil

[verstwo2]

yeah....it doesn't have a promise to pay? the promise isn't the payment, it just a payment and not a promise. This video is interesting because of the history but most of it's conclusions are jibber jabber.

HAve fun with your conspiracy theories guys!

[killerkitty777]

its all bullshit enslavement. and the wheel turns...

[SoldierCyfix]

aah, so if a bank wants, they can just refuse to pay me.

its just papper

[TheByronDaleChannel]

The banks pay for everything with a promise to pay. You can't force them to pay because their promise to pay is NOT court enforceable, but your agreement to pay them is court enforceable. If you fail to pay them back what they borrowed you, plus interest(it's never created) they will foreclose on you, the court will sanction it, and the cops will enforce it.

Of course we could change this next week but the people like their debt slavery.

-Tommy

[SoldierCyfix]

with the ron paul bill right, i signed that one.

i really want it to pass. but i think its taboo in our congress to vote againsrt the FED.

[TheByronDaleChannel]

Which Ron Paul bill?

[SoldierCyfix]

HR 1207

[TheByronDaleChannel]

Lets say HR 1207 gets passed and they Audit the F.R. and all of their books balance. What then? What good will auditing the FR do? All they will have to do to pass an Audit is provide an asset and a liability for all of their book keeping entries.

OR, how about we have everyone start talking about MN H.F. 888 and S.F. 705 and get some wealth based debt free currency put into circulation?

-Tommy

[SoldierCyfix]

am with you on that. but how are you gona get someone to write something like that, and how do you convince our deluded congress to pass it. i dont see how you can pass a bill that renders the FED obsolete when they pull the string on most of the senate and the president himself.

i suppose the public is going one step at a time at the moment. and yea HR 1207 can be bypassed.

its unfortunate but our elected officials are too incompetent and too powerless to get the job done.

[TheByronDaleChannel]

What is it going to take is for the People to put enough pressure on their elected officials to make them start doing their jobs and representing the people instead of representing the banking industry.

We have the best form of government ever created, but the people running it are horrible. It's time we start holding their feet to the fire and get us some debt free money put into circulation. Support H.F. 888 and S.F. 705, the only real change.

-Tommy

[BlueSkies360]

Thank you!

[lancerlabar]

Not only was JFK killed, but Lincoln also after not bowing to the demands of the Bankers and Reagan was also shot after mentioning going back to the Gold standard.

[TheByronDaleChannel]

I doubt the bankers killed Lincoln. He signed the National Banking Act which is exactly what the bankers wanted. Why would they have killed him if he did exactly as they wished?

-Tommy

[lancerlabar]

President Lincoln needed money to finance the Civil War, and the international bankers offered him loans at 24-36% interest. Lincoln balked at their demands because he didn't want to plunge the nation into such a huge debt. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. Lincoln said "We gave the people of this Republic the greatest blessing they ever had - their own paper money to pay their debts..." (Cont)

[lancerlabar]

Another thing is that when the federal reserve act was passed in 1913 it turned over the power to print money to the Federal Reserve (which was unconstitutional). It then left the US government having to go to the Feds to get money, and they would simply print up the money (creating it out of nothing) which may cost a few thousand dollars per Billion dollars printed, but then they charge the US government interest on the billion. It is definitely the biggest scam in the history of the World.

[TheByronDaleChannel]

I agree agree that people shouldn't complain unless they can say and show a better way to do something. Honestly what is the point of complaining? To bring change?

Almost all money is digital money and if our 'printed' money has no value please send me all of your valueless paper money. I will ensure it's proper disposal for much needed supplies/equipment to make feasable to make better videos and other things of real value.

When was the last time you were paid in paper money?

-Tommy

[killerkitty777]

if you cant say and show a better way or even try, TRUE, you should STFU and be the lamb they want you to be.

Money is paper, there is no value lol.

Look up the illuminati and the illlusion of money on youtube.

JFK was killed the day he was to introduce th esilver certificate, he wanted to take somethe power from the Fed Reserve Bank....

sickening, we r working for paper, we r working for nothing, kept busy like ants with work , religion n entertainment distractions..nice little sheep we r..

[TheByronDaleChannel]

When was the last time you were paid in paper?

[killerkitty777]

every time, be it a cheque or bills..it aint gold so it has no value...really.

once there was a time when gold was dug out of the ground to compensate for what was printed, now no more.

so...what value do these bits of paper really have?

None. Especially when each bill that is printed has interest attached, you cant pay back 1.00 with the same dollar, its value is lowered from the get go.

National debt is impossible to repay when you think about it. Its redundant

[lancerlabar]

You are right!! The only reason that this paper has any value is because people believes it to have value. If people woke up they would realize that every time the printing presses are fired up at the Fed we are being plunged deeper into debt. And the Fed charge us interest on money that they created out of nothing and what cost them virtually nothing to print. Its a big scheme and it is ruining our country.