Fiat Money in Gold and Silver as Currency 3/3

Eric Whoru explains the fallacy of gold and silver as currency: borrowers create the value of the currency by their production or service of value to the community in the federal reserve notes consequently they also create the value of gold and silver. banks invest nothing but borrowers create value through use of that currency "created out of nothing" by their productive efforts.
Where does the value come from that makes the money have value? And who is it that is actually carrying the loan? listen to the answer in this video.

Listen and learn of Eric Whoru's monetary concepts and more at:

http://www.talkshoe.com/tc/27767

also at:

http://groups.yahoo.com/group/whoru/

If you like the info presented on this video please share and like it on facebook and make it go viral.

Eric's Solution to the monetary system read it here:

http://www.freedom-school.com/eric-williams/erics-solution-dvd-transcript.pdf

Category:

News & Politics

Tags:

• fiat money
• gold
• silver
• value
• police state
• anti government
• freedom
• farmers
• private bankers
• constitution
• united-states
• refrigeration of food
• bullion
• federal reserve note
• monetary system
• trial by jury

[DocWog]

Demand and supply is an economic model of price determination in a market.

Silver and gold is a good long-term investment for those who can afford it, BUT it seems to me that continuous growth of the gold price is clearly due to artificial market manipulation intentionally created by rich and powerful. By escalating people's interest and their further desires, it is obvious why price is continue sky rocketing.