Robinson, David E.
Give Yourself Credit: Money Doesn't Grow On Trees!
- ISBN 13:
- 9781453645369
- author:
- Robinson, David E.
- format:
- Paperback
- publisher:
- Createspace Independent Publishing Platform
- language:
- English
- Publication Year:
- 2010
- Pages:
- 208
- Dimensions:
- 21.6 x 14 x 1.1 centimetres (0.1
- Genre:
- Nonfiction, Education, General,
- Condition:
- New
- Availability:
- Item usually sent within 7 working days
Description
This book marks a significant anniversary in American financial history, commemorating the 77th anniversary of a landmark resolution passed by Congress in 1933. The resolution suspended the gold standard and effectively ended the gold clause in the national Constitution. This change had far-reaching implications for the way debts are handled in the United States.
According to the book, the absence of a physical currency means that debts are not paid in the classical sense. Instead, debts are transferred from one party to another, with the use of Federal Reserve Notes serving as a means of discharge. This process can create a complex web of obligations, leaving individuals with limited options for resolving their debt obligations.
For those seeking to understand the intricacies of debt and finance in the United States, this book provides a unique perspective on the history and mechanics of the financial system.
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