Federal Reserve Act December 23, 1913 "An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes."
"The high office of the President has been used to foment a plot to destroy the Americans freedom and before I leave office I must inform the Citizen of his plight." PRESIDENT JOHN F. KENNEDY(10 days before he was murdered) http://www.apfn.net/doc-100_bankruptcy31.htm
Almost every country, including the US, is on a system of fiat money, which the glossary defines as "money that is intrinsically useless; is used only as a medium of exchange" EDUCATE http://economics.about.com/cs/money/a/gold_standard.htm