Thinker, what does that mean? Is money really backed? Or does it just get printed?

Our money hasn't been 'backed' for a very long time now. They just print it. Banks are only required to have something like ten percent of the cash. Then banks are allowed to charge interest on money they loan that doesn't exist except on paper.

Linda is correct in her comment. It is called fractional banking. Fractional banking requires the loaning institution to have 10% currency on hand. This means if you barrow $1000 the loan institution has to have only $100 on deposit. The $900 balance is currency created out of thin air, it doesn't exist except on paper or in a computer. As a barrower however you are required to pay the full $1000 plus interest. This is how banks make their money. It is the same with the Federal Reserve Corporation. I have read if 100% of the currency brought in from income tax went to pay just the interest owed to the Federal Reserve it would only pay a very small fraction of just the interest owed. As long as the Federal Reserve Act of 1913 is on the books the USA will never pay on the principle of the money owed. The Federal Reserve Corporation is owned by the Rothschilds, the Morgan's, the Roosevelts, and the Bush family (Yes, the ex-presidents). The Rothschilds own all but 3 currencies in the entire world and control all. The Rothschilds say, "Give me control of the currency of any country and I care not who writes their laws." They control it all!

I wish I could say that this is a crazy conspiracy theory, but it's true.

If the USA were to bring in the Amero the amount of currency you have on hand, in the bank or elsewhere, would be worth about 3 cents on the dollar if you are lucky. The Rothschilds would still own it and control it. Remember you cannot win against the Rothschilds. President Kennedy tried with the American Bank Notes which were controlled by the Constitution as required. He was assassinated 3 months later. The first thing Johnson did as president removed the American Bank Notes and gave the Federal Reserve more power.

The Treasury Dept. does print bonds and sells them on the open market. One of the biggest buyers of these bonds is China. China holds them until mature they then come to the US Treasury wanting the currency plus interest. Because the Treasury doesn't have the funds to cover the bonds presented the Treasury is required to borrow the funds necessary from the Federal Reserve Corporation to pay off the bonds. This puts the USA deeper in debt to the Fed. Remember the Federal Reserve is not part of the federal government but is a private corporation operating in violation of the USA Constitution, Article 1, Section 8, Paragraph 5.

The all-encompassing, blanket answer.

Yes it’s a good one

Correct answer.