To control money supply requires that we control credit and this is done through interest rates on that credit. To exercise some form of control on money supply, the Federal Reserve System, attempts to control money supply, and unfortunately productive labor, by controlling bank interest rates on our savings and our loans. The Federal Reserve System is a private bank owned by some of our private commercial banks. The United States has no government owned banks all banks are privately owned. Read more about liberty reserve here.
Currently these conditions are lacking-due to a misguided faith in the destructive social systems of socialism and government interventionism. The Sanctity of an Individuals Life, Liberty and Property - If people no longer respect the sanctity of an individuals life, liberty and property-how is it possible that the positive emotions of love, happiness and joy can thrive Certainly there are rationally selfish individuals who believe in trading value for value. And they possess the integrity to practice this in their everyday activities. Tragically there are too many shortsighted individuals seeking benefits without giving much in return.
There were literally millions of dollars lost when these self proclaimed electronic currencies collapsed and scammed thousands of individuals and businesss. So how can we trust the numerous new e - Currencies that have been popping up seemingly every month The answer is we really cant. For those of you who are unfamiliar with the term e-currency, let me just quickly explain it. An E-currency is an online fiat currency that people use to make transactions online.
For example, many people buy rental properties requiring big loans to secure title and must spend lots of money in tax-deductible expenses in order to prevent the Internal Revenue Service ( IRS ) from grabbing their money. These individuals owning personal and rental properties are now extremely vulnerable to a Federal Reserve Board planned recession because home owners and renters have been laid off and are in default on home and rent payments. Therefore, these people cannot make payments to the lending institution and the properties are foreclosed on by the banks. Many people may be laid-off or see their income potential disappear like snow in the sun.