title: things i learned from being my own general contractor
text: why donald trump must shut down the federal reserve and start issuing debtfree money by   th  
  if donald trump truly wants to fix the economy he must shut down the federal reserve if he just tries to patch up our current system he will fail because it has been fundamentally flawed from the very beginning a little over a century ago very powerful forces on wall street convinced congress to completely restructure our financial system an immensely powerful central bank known as the federal reserve was created and the goal was to transform the us dollar into a debtbased currency that would continuously be inflated and to create an endless debt spiral from which   could never possibly escape sadly they were successful on both counts since the creation of the federal reserve the value of the us dollar has declined by approximately  percent and our national debt has gotten more than  times larger  
  americans tend to give most of the credit or most of the blame for the performance of the us economy to our presidents but the truth is that an unelected unaccountable group of central bankers has far more power over our economy than anyone else does the federal reserve has become known as  the fourth branch of government  but unlike the other branches of government we are told that the feds decisions are above politics because they are too important fed officials fiercely guard their independence and they fiercely resist any interference from congress the president or the american people 
  donald trump can try to lower taxes and reduce regulations but what he will be able to do to influence the economy pales in comparison to the immensely powerful tools that the fed wields the fed controls interest rates the fed controls the money supply and the fed regulates the banks 
  to give you an idea of how enormously powerful the fed is i want you to pull out a dollar bill 
  as you look at that dollar bill i want you to notice that it says federal reserve note right at the top 
  in the financial world a note is an instrument of debt and the truth is that our system was designed to create as much debt as possible 
  so why are we using debtbased federal reserve notes in the first place shouldnt congress have control over our currency 
  according to article i section  of the us constitution  it is congress that has the authority to coin money regulate the value thereof and of foreign coin and fix the standard of weights and measures 
  so how did the fed get involved 
  well it is a very long and convoluted story and if you are interested in the history behind it i would commend to you an excellent book by c edward griffin entitled  the creature from jekyll island a second look at the federal reserve  basically big money interests on wall street got their hooks into the white house and congress and they rushed through legislation right before christmas in  that created this insidious central banking system that was designed to slowly but surely take wealth from the american people and put it into their hands 
  sadly most americans dont even realize that we have a debtbased currency nor do they understand where our money comes from in a previous article  i discussed how money is normally created by the federal reserve under our current system 
  when the us government decides that it wants to spend another billion dollars that it does not have it does not print up a billion dollars 
  rather the us government creates a bunch of us treasury bonds debt and takes them over to the federal reserve 
  the federal reserve creates a billion dollars out of thin air and exchanges them for the us treasury bonds 
  the federal reserve takes the us treasury bonds that it receives in exchange for the federal reserve notes that it gave to the government and it auctions off those bonds to the highest bidder  but of course this process always creates more debt than it does money 
  the us treasury bonds that the federal reserve receives in exchange for the money it has created out of nothing are auctioned off through the federal reserve system 
  but wait 
  there is a problem 
  because the us government must pay interest on the treasury bonds the amount of debt that has been created by this transaction is greater than the amount of money that has been created 
  so where will the us government get the money to pay that debt 
  well the theory is that we can get money to circulate through the economy really really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt 
  but that never actually happens does it 
  and the creators of the federal reserve understood this as well they understood that the us government would not have enough money to both run the government and service the national debt they knew that the us government would have to keep borrowing even more money in an attempt to keep up with the game 
  so our debt just keeps going up and up and up while barack obama has been in the white house our national debt has risen by more than  trillion dollars and at this moment it is sitting just under the  trillion dollar mark  
  but we shouldnt be surprised by this because this is precisely what the federal reserve system was designed to do to us 
  many conservatives still hold to the mistaken illusion that we could somehow pay all of this debt back someday but as i have shown in a previous article this is mathematically impossible to do  
  if the government went out today and grabbed every single dollar in existence we could not pay back the national debt and of course we have   of household debt   of corporate debt and   of state and local government debt that we need to pay back as well 
  under the current system our only hope is to keep the wheel spinning by continuing to devalue the dollar and by continuing to go into even greater amounts of debt 
  and of course it isnt just the united states that is in this predicament at this point almost every single nation on the entire planet has a central bank 
  even though there are extremely sharp disagreements among nations on virtually everything else somehow central banking has achieved nearly universal adoption 
  as you read this article well over  of the population of the globe lives in a country that has a central bank 
  do you think that is just a coincidence 
  of course there are still a few very small countries such as the federated states of micronesia that do not have a central bank but the only big nation not to have one is north korea 
  and you would literally have to be insane to want to live in north korea 
  but now we have an opportunity to get free from this insidious system the truth is that we dont have to have a central bank in fact the greatest period of economic growth in us history was when there was no central bank  
  we dont need central planners to set our interest rates and to manipulate our money supply they will never admit this but the reality of the matter is that their interference in the economy often creates tremendous economic busts 
  since the federal reserve was created in  there have been  distinct recessions or depressions                    
  considering their track record isnt it time for a change 
  and we dont have to have a debtbased currency in fact not too long ago we had a president that decided to start issuing debtfree united states notes 
  back in  president john f kennedy issued executive order  which authorized the us treasury to issue debtfree united states notes which were directly created by the us government 
  he was assassinated shortly thereafter 
  most americans dont realize this but many of the debtfree united states notes that were issued under president kennedy are still in circulation today  and president trump could do something similar 
  but will he 
  it has been said that the borrower is the servant of the lender and the federal reserve system has turned all of us into debt slaves 
  debt is a form of social control and the global elite use all of this debt to dominate the planet the total amount of debt in the world just hit   of  trillion dollars  and the longer we allow the central banks to control the system the bigger this debt bubble will become 
    here in the united states that starts with shutting   issuing debtfree currency it would take someone very bold to make a move like this and so let us hope that the man that we just elected is up to the task