PETER SCHIFF

PETER SCHIFF

Sunday, September 5, 2010

How to undo the Federal Reserve Central Banking Ponzi scheme

Don't participate in the Central Banking Ponzi scheme. The national debt can never be paid back due to its very nature. In order to cover the money that the government borrowed from the privately owned central bank, the Fed, more money must be borrowed the following year. Some suggest the government print and control the money itself. That's a step in the right direction but it will not make much of a difference in a Fascist run system where the Politicians, CEOs and Banksters are in cahutz with each other. Since the fiat money would not be backed by anything, there would be no limits to the amount printed. Has the government kept many promises? Does the government have a history of showing any restraint? That's why "Secrets of Oz" is wrong. Legal tender laws must also be eliminated. No control of the currency by any one entity. Gold, Silver, competing currencies, et al are ideas that must be examined.

This video is a clip from "Zeitgeist: Addendum".

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