The U.S. economy is a fraud based on the Federal Reserve System of fiat money and legal-tender laws.

Virtually every transaction that takes place in the United States involves the exchange of goods or services for U.S. dollars, which, in reality, are "Federal Reserve Notes" (just check your currency). Where do these Federal Reserve Notes (FRNs) come from? Few of us ever stop to ask. The answer is: debt. When you deposit $100 in the bank, your bank may lend $90 of it, even though you can come back and claim your full $100 at any time. When someone borrows $90 from your bank and takes the check to the next bank, that bank can then lend $81 of the $90, etc. Essentially, for every $1 in bank reserves, it can lend $10. Thus, banks CREATE MONEY when they make loans. Money thus arises from debt. If everyone were to pay back every loan that's outstanding today, there would be no more money. That's because every dollar in circulation represents a debt to somebody. Your FRNs may outweigh your debts, but someone else's debts outweigh their FRNs. So why do we accept FRNs? They are not backed by gold or silver, as the Constitution strongly implies they should be. The answer is: Because it's the law. The government accepts FRNs in the payment of taxes, which automatically gives them value. Furthermore, it is illegal to refuse FRNs or to use an alternative currency, such as privately issued gold coins. Yes, this is against the law. And of course, the federal government is the biggest culprit here. It created the Federal Reserve System in 1913, which is nothing more than a legalized cartel of banks. It gave private banks -- for-profit corporations -- a monopoly on the creation of money. In exchange for this privilege, it is understood that the banks will always buy up all of the government's bonds, whenever necessary. For example, when the government runs a deficit (as it always does), it cannot just "print" the money. The Federal Reserve, which is not part of the government, has a monopoly on money creation. So instead, it creates a bond issue to make up the difference. It sells these bonds on the open market -- to private investors, foreign governments (China and Saudi Arabia), and of course, big banks. But the biggest single biggest purchaser of federal-government debt is the Federal Reserve itself. Here's how it works: The Fed can simply CREATE MONEY out of thin air to purchase a government bond. Its rationale is that it is creating the money, but that the money is good because it has a "debt obligation" from the federal government to offset it. The federal government then doles out that money to its corporate-welfare cronies, while we, the taxpayers, have to pay interest on that debt in the future years. Oh, and by the way, when more money is created, the value of the dollar goes down. This is basic economics. You don't get a raise, but things get more expensive. Or if you do get a raise, it is only after the money has circulated through the economy, and by then, more money has been created again. This is, unless of course, you happen to work for one of the favored industries that the government supports through its deficit spending. REAL money arises in the marketplace as the most commonly accepted means of exchange. This is how gold and silver came to be viewed as money and why they are still held in high esteem today. REAL, non-fraudulent transactions are voluntary. Economic transactions constitute the U.S. economy, and since one half of all (or almost all) economic transactions are premised on "legal-tender" laws that force people to accept FRNs -- which only have worth because they are backed by the government's guns -- then the U.S. economy itself is a fraud.