It has no value and is not "backed" by silver, gold or GOD. Quite the contrary. Money is backed by SLAVERY and anyone who works for it or supports it is a mind-controlled brainwashed EVIL slave. If there is a devil, you can be sure that he/she/shim is the one creating this "money" (really just counterfeit currency) and using it as a clever weapon/tool against the entire population of the world.
For whoever controls the money, controls the world.
If you think your fake hypocritical tyrannical terrorist "government" is in charge, you're a FOOL!
The "governments" re nothing more than corporate GANGS controlled by BANKERS and the true CABAL (TPTB) and everything you think you know about this world is complete crap you've been told to keep you from learning the real truth. That you are a slave in a prison you cannot touch, taste or smell. But you feel it. You know something is not right and yet you continue to "live" your lives in a state of ignorant "bliss" until the day comes where you can no longer be blissful.
Money is a middleman that fucks you over on every "deal" you make in your life
Dollars are like little "fluck you awards" from Satan for wasting your time and being a good little slave by doing his dirty work and believing his BS
Go to work. Get your money. Worship materialism, Money and your new God, SATAN and his minions, the BANKERS
This is a ridiculous and boisterous claim. HOW ARE YOU SUPPOSED TO TRADE, SPEND, AND BUILD AN ECONOMY WITHOUT MONEY? It makes NO sense whatsoever, and since society agrees on it as a whole, it is obviously not counterfeit. It is also not fraudulent simply because it cannot be, in and of itself, fraud in any way.
A dollar bill used to say “This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.” Now a bill simply says; “This note is legal tender for all debts, public and private.” In other words, you can’t redeem it for “lawful money.”
From the Treasury;
“Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. Redeemable notes into gold ended in 1933 and silver in 1968. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are “backed” by all the goods and services in the economy.”
What the government, via the Treasury and the Federal Reserve, really did in 1971 was coerce you to accept something (Federal Reserve notes) that used to be redeemable for gold and/or silver but now aren’t redeemable at all.
But let’s play along with their definitions and see if “all the goods and services in the economy” really back the dollar?
What the Treasury would have you believe is that GDP backs the dollar. GDP is defined as “The monetary value of all finished goods and services within a country’s borders in a specific time period It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.”
To break it down;
GDP = C + I + NX + G
“C” is equal to all private consumption, or consumer spending, in a nation’s economy
“I” is the sum of all the country’s businesses spending on capital
“NX” is the nation’s total net exports, calculated as total exports minus total imports. (NX = Exports – Imports)
“G” is the sum of government spending
For the U.S. Presently:
C is down to nothing with high unemployment and people struggling just to pay bills.
I is down to nothing (especially now that lending has dried up)
NX is hugely negative and has been for quite some time
G or “government spending” is all that is running the show
Yes, that’s right, government spending is all that is running the show for the most part. Does anyone think that adding more debt to debt is in the long run a healthy thing to do? Does it work for the consumer to take out more credit cards and use this newly created credit to pay for old debt and current expenses? Hardly. How will it work for the U.S. government? Can the U.S. government really afford to keep policing the world and fight wars and keep spending without consequences?
If this theory of GDP backing the dollar is viable, and if government spending is all that is backing the dollar at this point in time, where do they get the money to do it? Answer; taxes and printing it out of thin air.