re: Is there truth to this Henry Ford quote about our banking system?

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I've often wondered something like this. We are basically well fed slaves with cheap goods from China. People don't realize their labor and property has no real value backing it up, and only exists because the US government says it does.

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I would argue that while there is some truth to that, there is also a counter argument that US citizens historically enjoy more freedom and relative wealth than any nation in the recorded history of mankind.

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The fiat monetary system is designed for those who have initial/first access to the freshly created money….if you can understand what happened during and after the Financial Meltdown of 2008/2008 then you can understand how the Federal Reserve working with their government and banking partners use monetary policy to facilitate wealth transfer from the middle class to the well connected.

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The same thing happened in 1929

Obviously if government is weak then value is weak. Our particular government money differs by way of our work efforts, ingenuity and our freedoms. This nation leapt forward with people’s hard work and determination but cheaper energy but oil peg money and power is the major reason. Our ability to choose our own path is great but we now lean to the lesser resistance in life and choosing our elected officials. Those 2 things have put us in the wrong position time & time again. Having mouth pieces lead without having strong convictions puts us in danger with the same people we advanced forward throughout the rest of the world.

It’s probably more true today than it was when he said it

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It is frustrating, and I truly believe the avg American can grasp monetary policy, but it’s not readily exposed to us for a very valid reason.

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I didn’t learn about it until I took an economics class at MSU as part of my degree that was taught by a pretty conservative professor. She was very anti Keynesian and pro classical economics

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Money is simply a way to facilitate bartering. It's been a far more efficient medium than shiny rocks or shells for a long time.

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Genius, he's talking about the banking system.

No wonder you like commies.

The federal reserve is the single biggest issue and no one cares.

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You be the judge as to the likely authenticity of the “quote.”

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I do know Ford understood completely what was going on:

Ford Did Write This Book! FACT!!

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The federal reserve is the single biggest issue and no one cares.

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Because it enables people to live in relative luxury. They just kick the can down the road and the ending will be catastrophic.

Creating and holding wealth became the American pastime, and now its time to pay for all the shitty policy we have had.

Best post I’ve read this year!