Reddit reviews They Own It All (Including You)!: By Means of Toxic Currency

We found 2 Reddit comments about They Own It All (Including You)!: By Means of Toxic Currency. Here are the top ones, ranked by their Reddit score.

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2 Reddit comments about They Own It All (Including You)!: By Means of Toxic Currency:

u/hopeseekr · 4 pointsr/Economics

United States Notes (real U.S. Dollars) are what can be called "lawful tender", meaning that they have both a legal and substance value (being defined in the Coinage Act of 1792 [which has never been amended or appealed and is still in full force of law] as 1/10th oz of gold).
Federal Reserve Notes (funny money) are just "legal tender", meaning that they are a fiat currency; a Federal dictum states that we must accept them as though they were equal to $1 U.S. Note, or 1/10th an oz. of gold.

1/10th an oz of gold is worth $108 today. Let's see how much $1 in 1932 (prior to the bankruptcy of the U.S.) would be worth today over at the Inflation Calculator:

"What would cost $8.00 in 1932 would cost $108 in 2008." So yes, the Federal Reserve Note (FRN) has devalued 93% since then. That we pretend that $1 FRN is equal to $1 USD is a joke. That the international symbol for FRNs is USDs is an even bigger joke.

How FRNs enslave you in more ways than you could possibly imagine, and how getting out from under them completely can give you a lot more freedom, I implore you to read the book They Own It All (Including You)!: By Means of Toxic Currency.

edit: Why the downvotes??

u/conantheking · 2 pointsr/economy

You're right about that. I think that's fucked up. They own it all... including you.

http://www.amazon.com/They-Own-All-Including-You/dp/1439233616