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David E. Robinson
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โก Free 3min Summary
Give Yourself Credit - Summary
This groundbreaking financial guide examines the profound implications of the 1933 House Joint Resolution 192, which fundamentally transformed America's monetary system by suspending the gold standard. The book reveals the startling truth that since this resolution, no American has been able to truly 'pay' a debt in the traditional sense, as all transactions merely represent debt transfers rather than genuine payments. The author provides an eye-opening exploration of how our modern monetary system operates through credit and signature-based obligations rather than actual money exchange.
Key Ideas
The Illusion of Money
The fundamental concept that modern currency, particularly Federal Reserve Notes, doesn't actually constitute 'money' in the traditional sense, but rather serves as debt instruments that transfer obligations between parties without ever truly settling them.
Legal Framework Transformation
An in-depth analysis of how the 1933 House Joint Resolution 192 radically altered the American financial landscape by removing the gold standard, effectively changing how debts are handled at a constitutional level.
Personal Financial Empowerment
The revelation that individuals possess inherent value through their signature and exemption number, which can be leveraged within the current financial system once they understand its true nature and operation.
FAQ's
Since the suspension of the gold standard, all transactions are essentially transfers of debt rather than true payments, as there is no actual money backing the currency - only promises to pay.
Federal Reserve Notes are debt instruments that discharge obligations rather than pay them. When you use them, you're not eliminating debt but rather transferring it to another party in the system.
Understanding the true nature of modern currency and credit allows individuals to better navigate the financial system, potentially using their signature and exemption number more effectively in financial transactions and obligations.
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