In 1913, the U.S. Treasury gave our country’s sovereign right to create currency to the Federal Reserve Bank (which is essentially a private commercial entity with little to no oversight from Congress). Prior to 1913, the Federal government had created money itself. These were called Greenbacks. The value of a Greenback fell dramatically during and…
Tag: fiat currency
Robbing Peter to pay Paul
Some are against Direct Democracy because they fear that poor people, who outnumber the rich, will vote for more government welfare services for themselves and higher taxes for the rich. Taxes Funding for government activities does not have to be provided by an income tax and was not provided by income tax before 1913. Directly…
directdemocracyus.org 