What Is Causing the Fall of the American Dollar?

TL;DR

The speakers argue that the American dollar is losing value because Federal Reserve money creation, mounting debt, inflation, and war spending weaken its purchasing power. They trace the change to the Federal Reserve Act of 1913 and contrast Federal Reserve Notes with earlier silver- or gold-backed currency. Read on for their views on the Federal Reserve, America’s debt, gold, silver, Bitcoin, and diversification.

Transcript

people try to argue and say that it is a conspiracy theory when you are talking about david rockefeller when you're talking about uh the federal reserve act of 1913 this is actual fact there's nothing there's no theoretical anything behind it they met off the coast of jekyll island of georgia they met off the coast on a small island you talk about ... Read More

Key Insights

• 👻 The Federal Reserve Act of 1913 allowed a small group of individuals to take control over the US monetary system.
• 🇺🇸 The Federal Reserve is not a government agency and has no connection to the United States Constitution.
• 🥹 The shift from precious metal-backed currency to the Federal Reserve Note has devalued the US dollar.
• 🫱 The Federal Reserve profits from war through the increased debt and interest payments.
• 🛟 Gold serves as a valuable investment due to its independence from fiat currency and protection against inflation.
• ❓ The US is in significant debt, with estimates surpassing $70 trillion.
• 🖤 Group economics is essential for the Black community to stimulate and strengthen their economy.

Questions & Answers

Q: What is causing the fall of the American dollar?

The speakers attribute the dollar’s decline to expanding debt and the continued printing of money, which they say makes each dollar less valuable and contributes to inflation. They also argue that war spending and pandemic-related stimulus intensified these pressures.

Q: What changed after the Federal Reserve Act of 1913?

The speakers say the 1913 act transferred control over printing and coining money from Congress to the Federal Reserve. They describe this as the point when control of the monetary system moved away from elected government.

Q: How do the speakers distinguish the Federal Reserve from the US government?

They state that the Federal Reserve is not a government agency and has no connection to the United States Constitution. One speaker compares its federal-sounding name to FedEx, warning that the name can make people assume it belongs to the government.

Q: Why do the speakers connect Federal Reserve Notes to dollar devaluation?

They contrast Federal Reserve Notes with dollars formerly labeled as silver certificates or backed by gold. In their account, removing precious-metal backing placed the currency under Federal Reserve control and allowed additional money creation to reduce its value.

Q: How do war and debt affect the dollar according to the discussion?

The speakers argue that war creates more borrowing, interest, and profit for banking interests. They say the resulting debt gives the dollar less worth and produces higher inflation.

Q: How much US debt do the speakers claim exists?

They mention Wall Street estimates of a little over $22 trillion or $23 trillion. However, they claim the total exceeds $70 trillion when Medicaid, medical obligations, IOUs, and debts involving other nations are included.

Q: Why do the speakers recommend gold and pre-1933 silver coins?

They present gold and silver as alternatives while the dollar loses value, noting that their own silver was rising. One speaker specifically recommends pre-1933 silver coins and estimates that each costs about $23 to $25.

Q: What financial precautions do the speakers suggest?

They advise considering other currencies, including Bitcoin, and moving money among different places. Their central warning is not to keep all money in one location controlled by the Federal Reserve or its banks.

Summary & Key Takeaways

• The Federal Reserve Act of 1913 allowed a small group of individuals, including David Rockefeller, to take control over the monetary policies of the United States.

• The Federal Reserve is not a government agency and has no connection to the United States Constitution, despite its name.

• The shift from silver and gold-backed currency to the Federal Reserve Note has led to the devaluation of the US dollar and increased debt.