our money is fiat, it is created out of thin air by the federal reserve bank of new york.

our money is debt, it is all created as loans, first as the fed buys assets (typically in the form of bonds) and then as the banks lend the money continuously through fractional reserve banking (often at a near 0% reserve ratio). It is impossible to get out of debt, because then their would be no money to use to facilitate trade.

our financial system is slyly built upon a monopoly of money. only the fed can create money, and it only does business with a small cartel of investment banks privileged to act as U.S. Treasury primary dealers, which hold their money with the worlds largest banks. A tiny class of bankers holds monopoly control of the money that the Fed creates. This is not free market capitalism, it is monopoly capitalism, aka fascism, and it is turning the country into a plutocracy.

As Lysander Spooner explained: "Any government, that licenses a small amount of an article of such universal necessity as money, and that gives the control of it into a few hands, selected by itself, and then prohibits any and all other money --- that is intrinsically honest and valuable --- palpably violates all other men's natural right to make their own contracts, and infallibly proves its purpose to be to enable the few holders of the licensed money to rob all other persons in the prices of their labor and property..."

the monopolists of money have brought America to its knees, and they risk the destruction of their monopoly because they used their monopoly of fiat money to gain control of a great deal of tangible wealth.

the solution to our fiat, debt-based, monopolistic financial system is available at
[link to everhard.atspace.com]