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#139 - Unveiling the Illusion: Money, Debt, and the Federal Reserve
Manage episode 457108050 series 3557861
Вміст надано James Arthur & Bersabeh Ray, James Arthur, and Bersabeh Ray. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією James Arthur & Bersabeh Ray, James Arthur, and Bersabeh Ray або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Understand the 3 Human Dilemmas: God, Money and Sex - MONEY (Part 2)
Dive deeper into the money dilemma with us!
- Money isn't the solution to money problems; it's just an idea we've been taught to chase.
- Understand this: what you hold isn't money, it's debt. Since 1913, with the Federal Reserve's third re-establishment, we've lost the real value of our currency, turning it into fiat money - backed by nothing tangible but an agreement of value.
- In 1971, Nixon's decision to disconnect currency from gold worsened this - making our dollars mere "Federal Reserve Notes" - essentially property of the Fed, on loan to us.
The U.S. national debt has soared past $35 trillion, with your taxes paying for the interest alone. Every dollar printed adds to this debt. It's a game where you're set to lose, while the Federal Reserve profits.
Remember, you're playing with Monopoly money that carries real-life interest. Don't get caught up in the worry; understand the game.
For actionable insights on navigating this system, check out my book "God, Money and Sex." https://amzn.to/3OV2iiS
Catch up on our last episode to get the full picture!
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