Cerro Rico, or “Rich Mountain” - The Worlds Richest Silver Mine - has been mined for nearly - - 500 years.
Indeed, so rich did Cerro Rico - prove to be that the Spanish - colonists dreamt of building - a bridge of solid silver all - the way from Potosí to Madrid.
The Old Franklin Mines - - has been trading above $100.00/share by itself - - history often repeat itself -
Franklin Mining, Inc. - (OTC Pink Sheets:FMNJ - News), working through two Bolivian subsidiaries, is today confirming that a Letter of Intent has been signed with COMIBOL for mining operations at - The Cerro Rico Mine - in Potosi -
Of all the contrivances for cheating - the laboring classes of mankind - none has been more effective than that - which deludes them with paper money -
The decrease in purchasing power incurred - by holders of money due to inflation - imparts gains to the issuers of money -
Because of 'fractional' reserve system - banks, as a whole, can expand our money - supply several times - by making loans and investments -
Gold - without the confidence factor - many believe a paper money system - is liable to collapse eventually -
i bet You thought - Commercial banks create checkbook money - whenever they grant a loan - simply by adding new deposit dollars in accounts - on their books in exchange for a borrower's -
modern money mechanics - mmm - the actual process of fiat money creation - takes place in commercial banks - as noted earlier - demand liabilities of commercial banks - are money -
Emitting bills of credit - or the creation of money by private corporations - is what is expressly forbidden - by Article 1, Section 10 of the U.S. Constitution.
Whoever controls the volume of money - in any country is absolute master - of all industry and commerce -
The Law - when plunder becomes a way of life - for a group of men living together in society - they create for themselves - in the course of time a legal system - that authorizes it and a moral code - that glorifies it? -
Thus, our national circulating medium - is now at the mercy of loan transactions of banks - which lend, not money, but promises to supply money - they do not possess.
The Economic Consequences of the Peace - If, however, a government refrains from regulations - allows matters to take their course - essential commodities soon attain a level of price - out of the reach of all but the rich - the worthlessness of the money becomes apparent - the fraud upon the public can be concealed - no longer.
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