Re: ever wonder why they called it "a one dollar bill"?
Icky, thanks for the advice. That is among the many works on my to-do list for a while... even been on my hard drive for many months.... so many things on the to-do, so little time. In the mean time, here is what to me is a reasonably good picture summary of how the fed system and the fed dollar works. This may not directly explain how it is that we pay bills with bills, but aside from that, there does not seem to be a whole lot of mystery going on here to be seen..... isn't it interesting how the pre-fed dollar lost 50% of it's value between the inception of the fed, through the inception of world war and right up to the very brink of the inception of 'the Great Depression'....but then it sort of got propped back up a little bit for a while, up until right around the time that fdr came along, followed soon after by things like new deals, progressive taxation, escalating world wars. Before the time that Carter had left office, the lion's share of the once mighty dollar had been hollowed out. In other words, since 1980, all this attendant financial gerrymandering and war making emenating from the U.S. that's been going on with great fanfare and splendedly hyped media, has been nothing more than an aftermath of continued slicing, dicing, horse-trading, pillaging, global plundering and haggling over, effectively, the remaining few pennies worth of roar still left in the carcass of that old pride. PS-also note.... (coincidentally as they like to say ;) that same time period - 1970 to 1980 or thereabouts, which signified the point at which the value of the dollar had effectively been hollowed out (nearly in full), just so happens to mark the beginning of the steady rise of our "national debt". Out of all of this, THAT makes perfect sense...... I mean, at that point, with an effectively value-less dollar, what else was there left to happen or to do except begining the steady march to accruing debt?
Just between you and me, I've been getting the idea for a while that the way the federal reserve system works, down to the dollar, is through being made to work....as in, forced to work. Despite the mountain of historical evidence and despite the mountain of good sense to the contrary, it - the fed and it's dollar, is continualy made to work by any means available including brute force if,as and when necessary.
In a similar way, I've been coming to the idea for we people in general. All of us, each in our own ways, are stuck doing whatever it takes to contiue trying to make it work - our world, our nation, our lives, our money, we are stuck trying to some how scotch tape it all together to keep it at least hanging or dangling together loosely at least in coformance to a reasonable facsimile of what we've been trained throughout our lives since birth to believe is our world, our country, our lives and our property. Despite all the mounting great odds, against the incredible evidence mounting to the contrary, we people are conditioned to continue trying to do whatever it takes to make it work, even and especially when this requires us to delude ourselves into make believing it is still somehow working in some or any bizarre way even though the mounting evidence confirms for us again and again to the contrary.