#MyNameIsRoss Episode 6: The Federal Reserve [The Animated Story of Ross Ulbricht]

As we all know, the "Federal Reserve" is not federal, and holds no reserves. It also prints "USD," and loans it to the US with interest.

Text originally posted by Ross Ulbricht on 1/30/2013: "The Federal Reserve system relies on the force of government to maintain its monopoly power on the issuance of money. This is how all central banks maintain their control. Without the state's involvement, people would be free to use whatever currency they like. Historically this was gold. If the founders of the fed tried to do what they did w/o the Federal Reserve Act legislation, and later the Brenton Woods agreement, they would have failed miserably. No one would have bought into their system. In fact, this is the beauty of libertarianism. The people are free to choose what system they want. No need for one size fits all government solutions. If you want to use a debt based inflationary monetary system, go right ahead, doesn't affect me so long as you don't try to force me to use it as well."

PS: Only 14 days left until #FreeRossDayOne!

Links:
x.com/freerossnow
t.me/free_ross_now
freerossnow.org