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#139 - Unveiling the Illusion: Money, Debt, and the Federal Reserve
Manage episode 457108050 series 3557861
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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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