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      "body": "<html>\n<p>What is money? Where does it come from? Why are people currently exchanging pieces of paper for goods and services? Why is this paper in demand? These are crucial questions you might not have asked yourself, but their answers have a major impact on your life. Money, markets, and economics are portrayed as subjects too complicated for the average person to understand. This&nbsp;notion isn't true, but it does serve the interests of those in positions of power. Economics is the study of human action and a market is voluntary human action. The purpose of a market economy is to fulfill the needs and wants of individuals by allocating resources through voluntary exchange. One of the most critical concepts within a market economy is money.&nbsp;Money is a market invention that simplifies trade and makes cumbersome barter obsolete. 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Central banks are banking cartels that have a \"government\" granted monopoly on the creation of fiat currency. In the United States, it's the Federal Reserve System (the Fed). In the United Kingdom, it's the Bank of England (the BoE). In Europe, it's the European Central Bank (the ECB). In Japan, it's the Bank of Japan (the BoJ). The model is the same across the world.&nbsp; Central banks loan fiat currency (Federal Reserve&nbsp;Notes, Pounds, Euros, Yen, etc) into existence.&nbsp; These fiat currencies often bear the name of money, such as the Federal Reserve Note bearing the word \"dollar\" (which is by definition a weight of silver), but they are not money.&nbsp; To put it simply, central banks run \"legalized\" counterfeiting operations with the protection and enforcement of \"government.\" Counterfeiting is theft because it steals purchasing power from the current holders of the currency or money and transfers it to the &nbsp;counterfeiter. 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      "body": "<html>\n<p>What is money? Where does it come from? Why are people currently exchanging pieces of paper for goods and services? Why is this paper in demand? These are crucial questions you might not have asked yourself, but their answers have a major impact on your life. Money, markets, and economics are portrayed as subjects too complicated for the average person to understand. This&nbsp;notion isn't true, but it does serve the interests of those in positions of power. Economics is the study of human action and a market is voluntary human action. The purpose of a market economy is to fulfill the needs and wants of individuals by allocating resources through voluntary exchange. One of the most critical concepts within a market economy is money.&nbsp;Money is a market invention that simplifies trade and makes cumbersome barter obsolete. 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      "body": "@@ -1405,66 +1405,59 @@\n /p%3E%0A\n-%3Cp%3E\n %3Ccenter%3E\n-%3Cimg src=%22\n http\n+s\n ://\n-i66.tinypic.com/2qs2nn9.jpg%22/%3E\n+www.youtube.com/watch?v=zJEKb9N8UBY\n %3C/ce\n@@ -1457,28 +1457,24 @@\n UBY%3C/center%3E\n-%3C/p%3E\n %0A%3Cp%3EHowever,\n@@ -2621,35 +2621,35 @@\n 3fm.jpg%22/%3E%3C/\n+p%3E%3C/\n center%3E\n-%3C/p%3E\n %0A%3Cp%3ESo who h\n@@ -5632,17 +5632,16 @@\n sp;%3C/p%3E%0A\n-%0A\n %3Cp%3E%3Ccent\n",
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      "author": "endthefed.org",
      "body": "@@ -203,16 +203,21 @@\n u still \n+need \n to inves\n",
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      "parent_author": "clf999",
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      "body": "I prefer gold, but have no hostility to Bitcoin or other crypto-currencies.  Let's leave it to the market to decide which is the better money. Bitcoin is still vulnerable to theft through hacking, so you still to invest in some form of protection either way.",
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      "body": "Screw gold.  Bitcoin is better money.  It acts like gold in most respects.  But I don't need guns to protect it.",
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      "body": "@@ -4986,16 +4986,23 @@\n  silver \n+backed \n crypto-c\n",
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      "author": "ladypenelope1",
      "body": "interesting - bitcoin could be the start of a new 'currency' - its an evolving concept still, but who knows?",
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      "author": "endthefed.org",
      "body": "<html>\n<p>What is money? Where does it come from? Why are people currently exchanging pieces of paper for goods and services? Why is this paper in demand? These are crucial questions you might not have asked yourself, but their answers have a major impact on your life. Money, markets, and economics are portrayed as subjects too complicated for the average person to understand. This&nbsp;notion isn't true, but it does serve the interests of those in positions of power. Economics is the study of human action and a market is voluntary human action. The purpose of a market economy is to fulfill the needs and wants of individuals by allocating resources through voluntary exchange. One of the most critical concepts within a market economy is money.&nbsp;Money is a market invention that simplifies trade and makes cumbersome barter obsolete. Money is a common medium of exchange which saves time and labor during trade, thus increasing the standard of living.&nbsp;</p>\n<p>Logic dictates that the ideal form of money should be durable, divisible, portable, fungible, scarce, and in demand for purposes other than a medium of exchange.&nbsp;Market supply and demand dynamics demonstrate that precious metals, specifically gold and silver, meet these criteria better than any other good.&nbsp;Many people voluntarily chose to use gold or silver as money throughout history for this reason.&nbsp;&nbsp;</p>\n<p><center><img src=\"http://i66.tinypic.com/2qs2nn9.jpg\"/></center></p>\n<p>However, today the world operates under a system called fiat currency.&nbsp;Currency is a temporary substitute for money and is typically redeemable for money. Currency&nbsp;is distinct from money because while currency is durable, divisible, &nbsp;portable, and fungible; it is not significantly scarce or in demand for purposes other than a medium of exchange. Examples of currency are paper notes, tokens, or electronic digits which do not have much demand other than as a medium of exchange. In contrast, gold or silver are in high demand for many applications including electronics, medicine, construction, aerospace, dentistry, and &nbsp;jewelry. Fiat currency is irredeemable currency that has been made a permanent substitute for money due to threats of violence from \"government\" (a euphemism for men and women in costumes forcing you to obey their arbitrary commands). These threats take the form of \"legal tender laws\" as well as \"taxation\" which is collected in the form of fiat currency.&nbsp;These threats give fiat currency artificial demand which would not exist otherwise. &nbsp;</p>\n<p><center><img src=\"http://i68.tinypic.com/s2v3fm.jpg\"/></center></p>\n<p>So who has the power to create fiat currency? The answer is central banks. Central banks are banking cartels that have a \"government\" granted monopoly on the creation of fiat currency. In the United States, it's the Federal Reserve System (the Fed). In the United Kingdom, it's the Bank of England (the BoE). In Europe, it's the European Central Bank (the ECB). In Japan, it's the Bank of Japan (the BoJ). The model is the same across the world.&nbsp; Central banks loan fiat currency (Federal Reserve&nbsp;Notes, Pounds, Euros, Yen, etc) into existence.&nbsp; These fiat currencies often bear the name of money, such as the Federal Reserve Note bearing the word \"dollar\" (which is by definition a weight of silver), but they are not money.&nbsp; To put it simply, central banks run \"legalized\" counterfeiting operations with the protection and enforcement of \"government.\" Counterfeiting is theft because it steals purchasing power from the current holders of the currency or money and transfers it to the &nbsp;counterfeiter. The Fed has stolen approximately 95% of the purchasing power from the users of the Federal Reserve Note since its creation in 1913 and other central banks have similar track records. Unfortunately, that's just the tip of the &nbsp;iceberg.&nbsp;Central banks use their counterfeiting rackets to rig interest rates, bailout their cronies, fund the welfare state, fund the police state, fund the warfare state, create asset booms and busts, and stifle economic growth.&nbsp;You pay for all of this through lost purchasing power, whether you want to or not.</p>\n<p><center><img src=\"http://i63.tinypic.com/28bb6gw.jpg\"/></center></p>\n<p>So what can be done about this? The power rests in your mind. The system can be brought to its knees with a mass change in consciousness. You should be free to choose what you want to use as money, rather than a fraud being violently imposed on you by central banks and \"government.\" Freedom, not slavery, must determine which goods are best suited for money.&nbsp; Various goods should compete for market share.&nbsp;In the past, gold and silver have come out on top, but that doesn't mean they should be forced on people either.&nbsp; It's possible that crypto-curriences like Bitcoin would gain a large market share alongside gold and silver. Or perhaps gold and silver crypto-curriences would emerge. To help achieve this, educate yourself and others about the current fraudulent monetary system and refuse to use fiat currency to the maximum extent possible.&nbsp;&nbsp;&nbsp;</p>\n<p><a href=\"http://endthefed.org/\"><em>EndTheFed.org</em></a><em> is dedicated to ending the Federal Reserve through education and non-compliance. You can find </em><a href=\"http://endthefed.org/\"><em>EndTheFed.org </em></a><em>on other social media including </em><a href=\"https://www.facebook.com/EndTheFed.Org/\"><em>Facebook</em></a><em> and </em><a href=\"https://twitter.com/EndTheFedDotOrg\"><em>Twitter</em></a><em>.</em>&nbsp;</p>\n\n<p><center><img src=\"http://i63.tinypic.com/mc44fo.png\"/></center></p>\n</html>",
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      "author": "rangertx",
      "body": "Good one! Now if we could just flag the Federal Reserve out of existence like you would do a bad article.",
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      "author": "doitvoluntarily",
      "body": "i got rick rolled by your title!  LOL good one!\n\nhttps://media.giphy.com/media/yni6nKDaZ1nKU/giphy.gif",
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      "author": "endthefed.org",
      "body": "<html>\n<p>Just kidding. It's <a href=\"http://endthefed.org/\">EndTheFed.org</a>: a website designed to expose the fraud of the Federal Reserve to the oblivious masses and encourage non-compliance. &nbsp;Our site compiles the best videos, documentaries, books, and lectures about the Federal Reserve into one convenient place. Our intent is to reduce the learning curve so that a critical mass of awakening can be reached sooner.&nbsp;</p>\n<p><center><img src=\"http://i67.tinypic.com/2aj6e6v.jpg\"/></center></p>\n<p>The Steemit community probably wouldn't be too kind to the Federal Reserve considering the significant amount of libertarians, voluntaryists, and anarchists here. &nbsp;On that note, the <a href=\"https://www.facebook.com/federalreserve\">Federal Reserve recently started a Facebook page</a> and the Facebook community wasn't too kind either. &nbsp;&nbsp;The numerous anti-Fed comments on their page is encouraging. We look forward to sharing knowledge and the spirit of non-compliance on Steemit to bring about a free society without \"legalized\" theft and thuggery by central banks and governments.</p>\n<p><a href=\"http://endthefed.org/\"><em>EndTheFed.org</em></a><em> is dedicated to ending the Federal Reserve through education and non-compliance. You can find </em><a href=\"http://endthefed.org/\"><em>EndTheFed.org </em></a><em>on other social media including </em><a href=\"https://www.facebook.com/EndTheFed.Org/\"><em>Facebook</em></a><em> and </em><a href=\"https://twitter.com/EndTheFedDotOrg\"><em>Twitter</em></a><em>.<br>\n</em></p>\n</html>",
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      "permlink": "the-federal-reserve-is-now-on-steemit",
      "title": "The Federal Reserve Is Now On Steemit!"
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