Recent news reports have revealed that currently more than half of America's households invest in the stock market. They take their dollar notes, or accounts, and then voluntarily convert them into the stock of companies, thereby accepting the value of stock in lieu of money. The other half of American households has chosen not to own stock. Instead, they simply park their wealth in Federal Reserve Notes. Unwittingly they are storing their wealth in the debt instruments of a private banking cartel.

Anyone who owns a Federal Reserve Accounting Unit Dollar is a de facto bondholder in the Federal Reserve Banking System. They are granting an interest free loan, equal to the amount of their deposits, to private business interest operating the currency franchise for the United States Government. Prior to 1913 when the Federal Reserve System came into being, money, or rather notes for money, were of varying qualities. Some notes, those drawn on powerful banks, were quite liquid, while others drawn on so-called wildcat banks were quite difficult to convert into lawful money.

These notes were varied in style and color as well as soundness. Wildcat banks were so named because they were placed so deep in the wilderness that you had to literally fight the wildcats to get there. Once you found the bank, and if they had the means, you could have your notes cashed for lawful gold or silver money. If folks chose to hold their wealth in notes of private banks, they were free to do so. However, most people understood the risks and more generally preferred the security of gold. Therefore they cashed their notes as soon as possible.

The current scheme, proposed and enacted in 1913, was to give all of the gold and silver money over to one central banking system, and thus put the wildcats out of business. Under this system, it was then suggested that one uniform currency would be issued throughout the US. One could present a note at any of the branches of the Federal Reserve System and be given the money instantly. The important factor was that the Federal Reserve System would be a cartel of private banks, chartered with holding the lawful money, and issuing notes to represent that money.

Well, a funny thing happened on the way to the forum. It seems that in the period from 1913 to 1933, the Federal Reserve System issued far more notes than they had lawful gold or silver money. When President Roosevelt found this out he very simply said that from 1934 forward, Americans could no longer cash their notes for gold coins, (instantly removing the choice of note holders who quickly began to build accounts of Federal Reserve Notes) and the system was therefore converted to one of debt based scrip. Each Federal Reserve Accounting Unit Dollar represents an elastic fraction of the value of the whole money supply, as opposed to a fixed fraction of gold and silver coin.

When there are not enough gold or silver coins, only an expenditure of labor and material can create more. This value stays with the coin. When there is a need for more Federal Reserve Notes, the printing costs are a fraction of the face value. The value of the remainder, after printing costs, stays within the Federal Reserve System. That's the "trust" part. Anyone who owns or accepts Federal Reserve Notes, is exhibiting their faith in that institution, and is a pseudo shareholder in the system, yet with none of the benefits!

It is my belief that the system will continue on its present pace of doubling the total share issue of Dollars every 10 years. Today, in 2003, if you own a Federal Reserve Note, it represents one of 8.5 trillion units. In 1993, it was one of 4.2 trillion; in 1983, it was one of 2.1 trillion. At this pace, by 2013 it will be one of 17 trillion total dollar units.

Only gold and silver are real money according to the Constitution. Rather than store your wealth in the unlimited debt instruments of the banking system, it would be wise to convert it to the lawful money of the Constitution while there is still time. Your future financial health depends on it!