fiat money

/Tag:fiat money

New Liberty Standard Publishes First Exchange Rate on Bitcoin of 1,309.03 BTC to one U.S. Dollar (0.0008/BTC)

Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U.S. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/http://newlibertystandard.wetpaint.com/page/Exchange+Rate Read more: Complete [...]

By | 2018-01-29T23:59:08+00:00 October 5th, 2009|Money|0 Comments

First Transaction of Bitcoin Currency takes place between Satoshi and Hal Finney, a Developer and Cryptographic Activist.

Hal Finney, first Bitcoin buyer On March 19, 2013 Hal Finney posted on Bitcointalk.org the following: I thought I'd write about the last four years, an eventful time for Bitcoin and me. For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of [...]

By | 2018-01-29T23:13:43+00:00 January 12th, 2009|Money|0 Comments

The First Bitcoin Block Is Mined by ‘Satashi Nakamoto’ including within the code a Headline from ‘The Times’ that read, “Chancellor on Brink of Second Bailout for Banks”

In January 2009 the mysterious Satoshi Nakamoto set the Bitcoin revolution in motion by mining the fledgling currency’s first ever block of 50 coins. And Nakamoto presumably intentionally made sure that the moment was fixed in history by including within the code for the block a headline from the January 3, 2009, edition of British [...]

By | 2018-01-29T23:10:34+00:00 January 3rd, 2009|Money, Technology|0 Comments

The BIS Abandons the Swiss Gold Franc and Replaces it with Special Drawing Rights (SDR) – The Last of Gold-Backed Currency!

On March 10, 2003, the Bank of International Settlements (BIS) abandoned the Swiss gold franc as the bank’s unit of account since 1930, and replaced it with the SDR. SDR stands for Special Drawing Rights and is a unit of currency originally created by the IMF. According to James C. Baker, pro-BIS author of The [...]

By | 2018-01-29T17:10:19+00:00 March 30th, 2003|Banking Cartel|0 Comments

At the Bilderberg Meeting in Saltsjobaden, Sweden a Major Topic is “a 400% Increase in the Price of OPEC Oil in the Very Near Future.”

The twenty-second Bilderberg Meeting was held at the Grand Hotel Saltsjobaden in Saltsjobaden, Sweden, on 11, 12 and 13 May 1973 under the chairmanship of H.R.H. The Prince of the Netherlands. There were 80 participants, drawn from a variety of fields: government and politics, universities, journalism, diplomacy, industry, transport, trade unions, the law, banking, foundation [...]

By | 2018-01-26T11:30:24+00:00 May 13th, 1973|Conspiracy, Corrupt Organizations|0 Comments

France Exercises their Option Under Bretton Woods to Exchange Paper Notes for Gold so the US Suspended the Gold Convertibility of the Federal Reserve Notes

France looked at the huge pile of paper notes sitting in their vaults, for which real French products like wine and cheese had been traded, and notified the United States government that they would exercise their option under Bretton Woods (agreement following WWII) to return the paper notes for gold at the $35 per ounce [...]

By | 2018-01-26T10:41:53+00:00 August 15th, 1971|Federal Reserve|0 Comments

Dr. Carroll Quigley Publishes ‘Tragedy and Hope: A History of the World in Our Time”

Carroll Quigley was an insider according to his own words: "I have studied it (secret international network) for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my [...]

President Kennedy Sign Executive Order 11110

If you follow the alt media you've probably heard the theory that the bankers were behind the JFK assassination. The theory holds that JFK was trying to end the Fed by creating debt-free, silver-backed money through Executive Order 11110, and the bankers saw this as a threat to their monopoly over the money supply. But [...]

By | 2018-01-26T00:01:13+00:00 June 4th, 1963|Conspiracy|0 Comments

Bretton Woods Conference: A Step Towards Global Currency and a New World Order

After World War II left the world’s financial system in disarray, political leaders and financial gurus met at Bretton Woods, New Hampshire, from July 1-22, 1944, to plan the post-war economic order. Economist John Maynard Keynes and the British government proposed the creation of a world currency called the “bancor,” and the U.S. government proposed [...]

By | 2018-01-24T12:15:49+00:00 July 1st, 1944|Banking Cartel, New World Order|0 Comments

Rep. Wright Patman: “I Have Never Yet had Anyone Who Could… Justify the Federal Government Borrowing the Use of its Own Money.”

Wright Patman Representative Wright Patman testifying to the House Committee on Banking and Currencies on September 29, 1941 regarding the insanity of the Federal Reserve System (Congressional Record, p. 7583): Our government debt at this time is approximately $50 billion. By the time that it’s paid, it will aggregate $100 billion . . [...]

By | 2018-01-23T23:18:47+00:00 September 29th, 1941|Federal Reserve|0 Comments

Federal Reserve Chairman, Marriner Eccles, Testifies to The House Committee on Banking & Currencies: “The Banks Create Money”

June 24, 1941 (Full hearings from 1941-42): House committee on Banking & Currencies - How banks create money is best revealed by Governor Eccles at Hearings before the House Committee on Banking and Currency on June 24, 1941: Marriner Stoddard Eccles ECCLES: "The banking system as a whole creates and extinguishes the deposits [...]

By | 2018-01-23T23:12:28+00:00 June 24th, 1941|Federal Reserve|0 Comments

Congressman McFadden Continues to Expose the Federal Reserve: “It was a piece of legislative trickery; …a piece of work in the committee that was silent & secretive.”

Congressman McFadden, Congressional Record: January 8, 1934: "The Congress of the United States must immediately throw the searchlight of investigation into this dark corner, or we are going to be swamped with political influences that are manufactured in foreign countries and that will lead us to the surrender of our heritage of living, just as [...]

By | 2018-01-23T22:10:44+00:00 January 8th, 1934|Federal Reserve|0 Comments

Executive Order 6102 – The Great Gold Robbery of 1933: FDR and the Federal Reserve Confiscates All Gold in Exchange for Depreciable Fiat Dollars

It's been 75 years (2008 article) since the federal government, on the spurious grounds of fighting the Great Depression, ordered the confiscation of all monetary gold from Americans, permitting trivial amounts for ornamental or industrial use. This happens to be one of the episodes Kevin Gutzman and I describe in detail in our new book, [...]

By | 2018-01-23T22:05:06+00:00 May 5th, 1933|Conspiracy, Federal Reserve, Property Rights|0 Comments

Adolf Hitler is Appointed Chancellor of Germany and Would Soon Become Time Magazine’s ‘Man of the Year’ for what they called the ‘German Miracle’

Hitler is appointed Chancellor of Germany. Germany at this time is in horrible economic circumstances from the Treaty of Versailles following WWI and massive inflation imposed by the international bankers. 100 billion German Marks couldn't buy a loaf of bread. He kicks out the private central bankers, returning control of the currency to the government. [...]

By | 2018-01-23T21:56:43+00:00 January 30th, 1933|Banking Cartel, Freedom / Tyranny|0 Comments

Hearings on a Stabilization Amendment to the Federal Reserve Act Concluded with Warnings that a Financial Crash had Been Planned in 1927 by the International Bankers

The House of Representatives Committee on Banking and Currency conducted meetings in 1928 from March 19-21; April 30; and most of May (1-3, 4, 8, 9, 15-18, 23, 24, 28, and 29) regarding a bill to amend the Federal Reserve Act of 1913. The goal was to "define certain policies toward which the powers of [...]

By | 2018-01-23T21:35:59+00:00 May 29th, 1928|Federal Reserve|0 Comments

Federal Reserve Chairman: “The Federal Reserve Bank is an institution owned by the stockholding member banks. The Government has not a dollar’s worth of stock in it.”

In August 1914, William P.G. Harding began his service to the Federal Reserve System with his appointment as a member of the newly created Federal Reserve Board of Governors in Washington, DC. On 10 August 1916, he was designated as the second governor (chairman). During this time he was also managing director of the War [...]

By | 2018-01-23T19:08:55+00:00 August 10th, 1916|Federal Reserve|0 Comments

The Federal Reserve Act Gets Snuck Through the Senate After Most Opposing Senators had Left Town for the Christmans Holiday

https://www.youtube.com/watch?v=Dba9OY0QatU   During the democratic campaign the supporters of Woodrow Wilson pretended to oppose the Aldrich Bill. As Rep. Louis McFadden, a democrat and chairman of the House of Banking and Currency Committee explained it twenty years after the fact, “The Aldrich Bill was condemned in the platform, when Woodrow Wilson was nominated, the men [...]

By | 2018-01-23T18:52:31+00:00 December 23rd, 1913|Federal Reserve|0 Comments

A Group of International Bankers Leave NJ Railroad Station for Jekyll Island to Plan the Takeover of the American Banking System with the Federal Reserve Act

https://www.youtube.com/watch?v=lu_VqX6J93k On the night of November 22, 1910, a group of newspaper reporters stood disconsolately in the railway station at Hoboken, New Jersey. They had just watched a delegation of the nation’s leading financiers leave the station on a secret mission. It would be years before they discovered what that mission was, and even then [...]

By | 2018-01-23T18:18:35+00:00 November 22nd, 1910|Federal Reserve|0 Comments

Author Frank Baum and Illustrator W. W. Denslow Publish ‘The Wonderful Wizard of Oz’

The Wonderful Wizard of Oz is an American children's novel written by author L. Frank Baum and illustrated by W. W. Denslow, originally published by the George M. Hill Company in Chicago on May 17, 1900. This was part of their effort to create a body of American literature in the fairy tale genre; they [...]

Alexander Hamilton, Secretary of The Treasury, Brings about the Creation of the Nations First, “Bank of The United States”

The history of central banking in the United States does not begin with the Federal Reserve. The Bank of the United States received its charter in 1791 from the U.S. Congress and was signed by President Washington. The Bank's charter was designed by Secretary of the Treasury Alexander Hamilton, modeling it after the Bank of [...]

By | 2018-01-22T23:51:56+00:00 February 25th, 1791|Banking Cartel|0 Comments

George Washington: “Paper money will… ruin commerce, oppress the honest, and open the door to every species of fraud and injustice”

But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They [...]

By | 2017-11-10T01:11:04+00:00 January 9th, 1787|Banking Cartel, Quotes on Illuminati / NWO|0 Comments