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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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money is not debt
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Poster Handle
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Dr.DoomLittle |
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Post Content
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There are general definitions and specific definitions.
"Money" can be anything generally speaking.
Just like "medicine" can be anything generally speaking.
However, the LAW of the United States dating back to the founding documents and for 1000s of years that "lawful money" is gold and silver coin, or other metal like copper.
PAPER, without any redemption possible in a defined metal, weight and purity is ONLY "money" when someone is stupid enough to accept it as money.
Quoting: Anonymous Coward 20901334 I AGREE; Because technically, under the federal reserve system; everything you think you own you do not, because the source of the capital that bought the things you own were federal reserve notes. People do not know this.
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