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Robert J
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Does the Fed Create Money? - Michael Pento - Delta Global Advisors

The word "money" comes to us from the latin word "moneta" denoting the coins minted in the Temple of Juno Moneta starting with the Roman Republic. The US Constitution grants Congress the power to "Coin Money and regulate the value there of". Money cannot be printed nor created digitally, it can only be coined. Most people use the word money when they should be using the word "medium". Money can be a medium but credit is far more convient to use and is used so long as "trust" is high. When trust fails people demand money. Money was last defined by the US Congress in 1973 as grains of fine gold in the ratio of $42.22 to the once of gold. The Fed. does not coin gold {money}. Houston Jones

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