I just finished watching the two-hour documentary "Secret of Oz", which went in-depth over the history of currency systems, and the establishment of centralized banks. I feel like I just took the red pill... we really are slaves to bankers. A few points were vehemently made, such as:
1) Banks cannot loan money they don't have (fractional reserve lending).
2) The government should not be allowed to borrow money.
3) The government should be completely sovereign, and issue it's own currency (like Lincoln did with the Greenbacks).
4) Money should not be backed by gold, as gold-backed currencies are how the bankers originally consolidated power over the people.
5) It's not what backs the currency, its who controls the quantity.
All of these make sense, but I'm on the fence about #4 - doesn't Ron Paul continually advocate a gold-backed currency? I'm sure that ending the fed and switching from a debt-based currency to a gold-based currency is definitely an improvement, but how would we prevent the bankers from manipulating the supply of gold? If they control the supply of gold, they control the quantity of money, and we are back at square one with inflation, recessions, depressions, booms and busts.
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