The Collapse of US Dollar

eCurrency 101

by Russell Wright

This article is written in response to "eCurrency" (electronic currency) skeptics, and pseudo-economists who believe that a currency backed by a military campaign is somehow stronger than a currency backed by a strong marketing campaign. The following article assumes that there is a difference between the two campaigns. 

Hopefully you already know that the Federal Reserve is a privately owned organization. Beyond the information contained in the book "The Secrets of the Federal Reserve" by Eustace Mullins, it is now pretty much common knowledge that the Federal Reserve is not only printing money but has the ability to collect interest on up to ten times the amount of the money that they have not yet manufactured.

This is a strange fact that no Harvard-trained economist is ever truly comfortable with. Then again, Harvard-trained economists tend to run the accounting departments of company's like Enron.    

We have the list of shareholders that own the Federal Reserve, and they are now available on the Internet. We are not yet sure what the advantage of knowing these banks is -except perhaps that you may choose not to acquire a credit card from them. This would prove difficult because most of the major credit card banks are on the Federal Reserve charter. What is more interesting is to consider what individual interests are heading up these banks- and their global agendas. Without delving into what some people consider "currency conspiracy theory" it is believed the stockholders that make up the Federal Reserve Bank have managed to maintain control of the economy since 1914 when the Federal Reserve Act was signed into law.

The Federal Reserve is not connected to the US Treasury department in any way. It cannot be found in any of the official governmental directories that comprise the complete government departmental structure. Therefore the name "Federal Reserve Bank" is an intentionally misleading marketing ploy. 

Ecurrency.TV holds the position that it is more than a little silly to pretend that gold-backed ecurrency is somehow "less real" than a US dollar that is printed out of thin air. There is a lot of economic esoteric discussions about this issue which we also think are interesting . . .  but silly.

If you go to  you will find the following definition of fiat money:

fiat money:

"Money printed by a government as legal tender which is not redeemable and which lacks economic value."

Of course the value of both gold and silver is also relative to social agreement. Nevertheless, it makes sense to actually HAVE MONEY to back up the value of printed currency. The US government, via the Federal Reserve, prints money out of thin air backed by nothing other than “belief”. Right now the US Dollar is backed up primarily by a marketing (military?) campaign

Many economists and investors agree that the Federal Reserve is struggling under the weight of possible collapse. The dawning of such ecurrency merchant exchange systems like DX in One signal a movement towards a globally connected economy.

In general the world's economic system is traded in US dollars. In my view we are in the middle of a domino effect that will facilitate the destruction of the US dollar as the world's currency reserve.

Even more interesting is that the destruction of the US dollar is being done on purpose . . . by encouraging runaway deficit spending and the printing of greater and greater amounts of FRN's (Federal reserve Notes). This deficit spending has always been encouraged, but never has it been so obviously designed to phase out the US dollar.

In summary, it is healthy to keep in mind that the Federal Reserve is a privately held bank that prints fiat currency. This currency, like any ecurrency, is only as good as its perceived value.  When the Reserve prints money, it pulls value out of thin air . . . literally.

Billions and billions of dollars can be printed for slightly less than 3 cents per bill. It cost's the same whether or not a 1 or a 100 dollar bill is printed. Once the money is printed it is 'sold' to various Federal Reserve member banks at a discounted rate. These banks put the money in circulation at face value with an 18.98 cent profit.

The teller at your friendly neighborhood bank does not know the basic facts that I have outlined above. If you query them on who owns the Federal Reserve they will give you an answer that is based on a cognitive illusion . . . theirs. They do not know who owns the system of which they themselves are caught. The answer they will give you summarizes the Federal Reserve bank into its smaller banks- but they will not tell you which banks those are. You will be lucky if they even give you that bit of information. The fact is, the teller at your local bank probably does not know what the Federal Reserve is.

Our experience at Ecurrency.TV is that local US banks are “rigged” to block “consumer” level international banking.

Our local bank teller and security staff knows so little about their own digital banking system, that when we had a deposit of 324 dollars downloaded into our business account from the offshore DX in One ecurrency system, our bank President swore that it was a “teller transaction”.  He was convinced that we made the deposit "by hand" that very afternoon.

In other words, local banking institutions do not know anything about international banking or even the technical aspects of their own system and the various ways to get money in and out of your "consumer grade" bank account. They are dumbed-down by the Federal Reserve in order to prevent economic liquidity across international lines. The US government does not want the consumer to have easy access to offshore tax shelters etc. That is a digital banking privilege left for “the elite rich” globalists.

We had one banker tell us that we could not do “fee-free” digital International banking directly from our bank accounts unless we had a “sizable” amount of cash in the account. The ecurrency exchange movement could bring the convenience and abstraction of digital banking to the average consumer.

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