Until about 2004 or 2005, I really hadn’t considered this question. Like others perhaps, I thought the word meant the federal government. I was happy to find this video, because it is concise – a perfect educational tool. If I could just find a concise video like this on so many other topics! I myself have watched it several times, as it is hard to get my head around how all the factors interact: money supply, interest rates, foreign exchange reserves, petro-dollars, fiat currency, the fractional reserve banking system, gold standard etc. etc.
In search of more information, I looked into the monetarist Milton Friedman, watched Ron Paul question Fed chairman Bernanke during congressional committee meetings, read Antal Fekete’s articles on Gold Eagle, discovered the Ludwig Von Mises Institute and Austrian school of economics, and began to familiarize myself with the “Chicago” school of economics and their (dominant) school of thought and Neo-liberal economics. We can all observe the rampant inflation (expansion of the money supply and loss of the value of money through price increases) occurring at the present time under this regime. Maybe it’s all collapsing now. Some of the leading commentators have admitted that a return to the gold standard wouldn’t be easy and may not be advisable, but the alternative, managing the global economy through a fiat reserve currency that is progressively losing its value, isn’t preferable, obviously. Therefore, some re-working of gold as an international standard is one of few options and seems to make sense regardless of how difficult it may be. Additionally, many commentators suggest that the fractional reserve banking system will soon finally be regulated and held accountable for such practices. Let’s hope this comes to pass. I will try to embed this video for you:

I’m adding this post in an attempt to properly embed the video referred to in my last post. As I mentioned before, everyone in Canada and the States should know about this, but they don’t. The SPP is a corporate-sponsored initiative to get the wheels in motion for so-called “deep integration” of Canada, the US and Mexico.

It naturally entails a loss of national sovereignty. It is being promoted through a circumventing of the legislative process in both Canada and the US under the auspices of ‘regulatory harmonization’. It’s being discussed and implemented ‘under the radar’.  Public announcements about it downplay it’s significance, which is an unnerving trend and tendency, because it betrays a clandestine modus operandi. Watch the video and do your own research…