Call it mirage money. From Nick Giambruno at internationalman.com:
Henry Ford astutely observed that a revolution would occur overnight if people truly understood the banking and monetary system.
That’s because modern banking is an elaborate illusion that deceives people into a false sense of security… until it’s too late.
Large banks can fail in hours, and life savings can evaporate overnight.
The US banking system is especially vulnerable, as the collapse of Silicon Valley Bank and other recent events have shown.
Why do so many people put their confidence and life savings into an unstable system?
I would say it’s because they do not understand three fundamental truths about modern banking.
#1. The money isn’t yours.
#2. The money isn’t actually there.
#3. The money isn’t really money.
Truth #1: The Money Isn’t Yours
Many people are surprised to learn that they don’t truly own the money in their bank account.
Once you deposit money at the bank, it’s no longer your personal property. Instead, it belongs to the bank, and they can do whatever they want with it.
What you own with a bank deposit is a promise from the bank to repay you—an IOU.
Printed fiat equals debt.
L.v. Mises has the great quote about government being the only thing that could make a commodity (paper) worthless by printing ink on it.
HF has some great writings about the JQ as well.
BTW-Have you noticed how third world those new quarters look? At least I learned about some people from history that I didn’t recognize.
America 2.0 just another fourth world rotten banana republic turd.
Spoiler Alert II:
Best Tucker yet as they talk about Derp State clowns, who is really in control, why we have (s)elections, FUSA is not our enemy, LGQBT+ not welcome due to the children, 2020, climate change.
Huge tip of the hat to Tucker Carlson, well done, Sir.