“For the love of money is the root
of all evil: which while some coveted after, they have erred from the faith, and
pierced themselves through with many sorrows.” —1st Timothy 6:10
"If we stuck to the Constitution as
written, we would have: no federal meddling in our schools; no
Federal Reserve; no U. S. membership in the U.N.; no gun
control; and no foreign aid. We would have no welfare for big
corporations, or the "poor"; No American troops in 100 foreign
countries; no NAFTA, GATT, or "fast-track"; no arrogant federal
judges usurping states rights; no attacks on private property;
and no income tax. We can get rid of most of the cabinet
departments, most of the agencies, and most of the budget. The
government would be small, frugal, and limited." —CONGRESSMAN
RON PAUL
"He that is of the opinion
money will do everything may well be suspected of doing everything for money."
-Benjamin Franklin (1706-1790)
"The central bank is an institution of the most deadly
hostility existing against the Principles and form of our Constitution. I
am an Enemy to all banks discounting bills or notes for anything but Coin.
If the American People allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the People of all their Property
until their Children will wake up homeless on the continent their Fathers
conquered." —
Thomas Jefferson
(1743-1826)
You can't have Capitalism without capital.
You can't have capital without personal savings. You can't have personal savings
without jobs.
2005 Record U.S. Trade
Deficit!($725.8 Billion!
In simple terms, this means that America is going out of business! In
2005, $725,800,000,000 left the U.S.—to pay for all the items we purchased from
foreign countries. Since America has few manufacturing jobs remaining, the
only way to replace that lost money is to BORROW! As a result, countries,
like China, are getting filthy rich, and Americans are quickly getting poorer.
It's simple economics. Please read, the debt time
bomb.)
The central bank is the worst thing to ever
happen to America! Now we have to pay for three homes just to get one. America is in
deep trouble! The
Federal Reserve is EVIL!
"The
central bank is an institution of the most deadly
hostility existing against the Principles and form of our Constitution. I am an
Enemy to all banks discounting bills or notes for anything but Coin. If the
American People allow private banks to control the issuance of their currency,
first by inflation and then by deflation, the banks and corporations that will grow up around them
will deprive the People of all their Property until their Children will wake up
homeless on the continent their Fathers conquered." —Thomas Jefferson
(1743-1826)
"From now on, depressions will be
scientifically created." —Congressman Charles A. Lindbergh Sr., 1913
"Government spending is always a
“tax” burden on the American people and is never equally or fairly
distributed. The poor and low-middle income workers always suffer
the most from the deceitful tax of inflation and borrowing." -Congressman
Ron Paul
China has enjoyed a near-doubling of the value of its gold reserves. The
People’s Republic has gold reserves worth $10.8 billion (£6.2 billion),
based on yesterday’s $558.60 gold fix in London, compared with about $6.6
billion at the end of 2002, when China last increased its stake. The
Chinese central bank holds 600 tonnes of gold, according to new figures
from the World Gold Council, the gold industry’s marketing arm.
"Politicians often manage
to fool voters and the media, but they rarely fool the financial markets
over time." -Congressman
Ron Paul
"The truth is that many politicians
and voters essentially believe in a free lunch. They believe in a free
lunch because they don't understand basic economics, and therefore
assume government can spend us into prosperity. This is the fallacy that
pervades American politics today. Our schools teach children virtually
nothing about economics and personal finance, which leaves them woefully
unprepared for the working world. It also creates whole generations of
young Americans who are incredibly vulnerable to the worst pandering
politicians." -Rep.
Ron Paul
"G. Edward Griffin exposes the most blatant scam of all history. It’s all
here: the cause of wars, boom-bust cycles, inflation, depression,
prosperity. It's just exactly what every American needs to know about the
power of the central bank."
"The United States currently owes China over
$650 BILLION in debt. That number is expected to grow to over $1 Trillion during
the next 2 years. How is this possible? In order to pay for its two recent wars
in Afghanistan and Iraq, the Bush administration has been forced to loan money
from, you guessed it, China." —SOURCE
"The
Federal Reserve is unconstitutional, pure and simple. The only Constitutional
money is gold and silver, not notes redeemable in them. Not fed funny money."
-Congressman
Ron Paul
"Texans, like most Americans,
work from January until early July just to pay their federal income taxes, state
and local taxes, and the enormous costs of regulation. Only about half the year
is spent working to pay for food, clothing, shelter, or education." -Texas
Congressman Ron Paul
“We have, in this
country, one of the most corrupt institutions the world has ever known.
I refer to the Federal Reserve Board. This evil institution has
impoverished the people of the United States and has practically
bankrupted our government. It has done this through the corrupt
practices of the moneyed vultures who control it.” —Congressman
Louis T. McFadden
You can't beat
an evil system when more than 95% of the public are Kool-Aid drinking,
mainstream media, idiots. America is
doomed because love for sin has overtaken our nation. It's going to be just
like Planet of the Apes when American society economically implodes.
The New World Order is a
diabolical plan created by the financial elite in order to destroy
the national sovereignty of the governments of the world through
economic blackmail and world conflict with the goal of enslaving
humankind in a One World Fascist Dictatorship / Government.
The agents of the New
World Order have successfully taken control of the world's financial
system. Our politicians have made it "legal" for the private banking
corporations to control our money supply, stock market and
ultimately our destiny. A famous quote "Money is the root of all
evil" is fitting, but a better understanding comes when you ask the
question "What is the root of all Money?". The private banking
corporations control the printing press and print money for the cost
of paper (usury) and use it to enslave the nations and people of the
world in debt.
Our governments have
become totally insolvent or bankrupt through the creation of this
debt slavery. Our governments are now maxing out the NWO credit line
to keep the game going. We, the people are the only resources
keeping the system alive as we are deceitfully sold into slavery at
birth to the financial market as property of the state. Our
productive capacity or labor via the Income Tax is used as
collateral for this debt slavery. Matrix-esque anyone?
Since the agents of the
NWO control the economy, our governments are slaves to the economic
system. The NWO uses this power to control the destiny of the
nations. The power of this money to shape society is limitless. They
use it to control who is elected as politicians, what stories our
news outlets air and any other interests (unlimited) that can be
bought in a capitalist and immoral society. Not only do they subvert
our democracy and keep us misinformed, but they ultimately control
the future of our nations through inflation, deflation, the
availability of money and interest rates. The stock market crash has
become a scientifically created event designed to steal the wealth
of the people, futher the indebtedness of the nations, and create
the conditions necessary for worldwide conflict.
The agents of the NWO
throughout the ages have created and manipulated conflicts between
nations to further their agenda. They have funded both sides in
every major war. They know better than anyone that there is no
business more profitable than war since they have been using
conflict to enslave the nations through massive debt. The current
estimated cost of the Iraq war stands at 2.7 trillion (
2,700,000,000,000 ) and counting at a time when the American people
are witnessing the worst economic crisis of this age. It is time to
ask yourself Who is the real enemy of the American people?
The "War on Terror" has
been manufactured by the New World Order to finally realize their
goal of total world domination. The agents of the New World Order
have created a globalized economy in order to create financial
dependencies between the nations. The crash of the American Dollar
will be used as the Trojan Horse to destroy the globalized market
and create the chaos and conditions required to usher in the New
World Order. The crash of the world economies coupled with food
shortages (famine) and World War III in the Middle East will be used
to create the perfect crises out of which the New World Order will
arise as the solution. The NWO modus operandi uses a simple
Problem->Reaction->Solution process to gain control.
The agents of the NWO use
their money, power and control to manufacture the crises. In
reaction, the people cry out for help from the ravages of war,
famine and despair. The agents of the NWO seize this opportunity to
deceive and enslave the masses into their One World Fascist
Dictatorship / Government. There is no clash of civilizations, East
vs. West, Christian or Jew vs. Muslim, but instead propaganda and
manufactured conflict to keep us in fear so we continue to play the
game. We are all pawns in this game and until we realize this truth
we will continue to be exploited by the agents of the New World
Order for personal gain.
It is said that those who
are ignorant to the lessons of history are doomed to repeat them.
Will we allow the NWO to repeat history once again with another
Great Depression and World War? Will we be fooled again by the
propaganda and bread & circus shows meant to keep us distracted and
divided? Will we continue in ignorance to believe the problems of
this world amount to petty party politics, a left vs. right paradigm
or a republican vs. democrat issue?
We must not let these evil
sycophants succeed in their quest for world domination. The future
of humanity and the entire world is at stake. We must set aside the
things that divide us (politics, religion, race, nationality, pride,
hubris) and stand united for truth, justice and freedom. Are you
ready to do your part? Are you 100% committed to ending this reign
of tyranny and despotism that is the New World Order?
It is time for all of us
to stand up as one, undivided, and let our voices be heard. It is
time for us to take action to create physical changes on the ground.
We must act now to restore the power (control of our money supply
and our governments) to the people where it belongs in order to
guarantee justice and freedom today and for all future generations.
The people are waking up to the truth and the Resistance is growing
into a massive movement for change. Please do your part to help
educate your friends and family to this evil plot and make the
promise to always stand for truth, justice and freedom.
The New World Order
Resistance is 100% committed and dedicated to dismantling the NWO in
all it's forms and removing it's stranglehold on the nations and
people of the world. As long as there remains a single person in
this world who stands for liberty, rest assured, the resistance will
continue to bring the battle to the enemy until we taste true
freedom. Give us Liberty or give us Death.
Join us in our fight to
restore knowledge, justice and freedom to the people!
"In 1912; their man, Woodrow
Wilson, was elected to the presidency. Immediately after Wilson was
inaugurated; Senator Aldrich railroaded the Federal Reserve Act through
both houses of Congress and Wilson promptly signed it and the Federal
Reserve Act became law. That heinous act of treason was committed on
December 23, 1913; two days before Christmas when all the members of
Congress, except for several carefully picked Representatives and three
equally carefully picked Senators, were away from Washington. How
heinous treasonous was that act? I'll tell you. Our founding-fathers
knew full-well the power of money. They knew that whoever had that power
held the destiny of our nation in his hands. Therefore; they carefully
guarded this power when they set forth in the Constitution, that
Congress, the elected representatives of the people, alone would have
the power.
FEDERAL DEBT
Budget Deficit for November, 2005
$-83.1Billion (a RECORD!)
TOTAL DEBT as of MARCH
8th, 2006 $-8,270,020,560,975.99
$-8.270Trillion EXCEEDING $-8.184Trillion (PRIOR LEGAL DEBT LIMIT)
DEBT
LIMIT RAISED TO $9 Trillion (03-16-06)
Where,
do you suppose, this new, 'out-of-thin-air' fiat money is coming from??? (Yes, from Government Printing Presses, which is then lent to the
American people at a cost, and we are in massive debt to PRIVATE
bankers!!!)
Billions for the Bankers, Debt for the
People The Real Story of the Money-Control
Over America
by Pastor Sheldon
Emry
"If the American people ever allow
private banks to control the issue of their money, first by inflation and then
by deflation, the banks and corporations that will grow up around them (around
the banks), will deprive the people of their property until their children
will wake up homeless on the continent their fathers conquered." Thomas
Jefferson
Americans, living in what is called the richest nation on earth, seem
always to be short of money. Wives are working in unprecedented numbers,
husbands hope for overtime hours to earn more, or take part-time jobs evenings
and weekends, children look for odd jobs for spending money, the family debt
climbs higher, and psychologists say one of the biggest causes of family
quarrels and breakups is "arguments over money." Much of this trouble
can be traced to our present "debt-money" system. Too few Americans
realize why our founding fathers wrote into Article I of the U.S. Constitution:
Congress shall have the Power to Coin Money and Regulate the Value Thereof.
They did this, as we will show, in prayerful hope it would prevent
"love of money" from destroying the Republic they had founded. We
shall see how subversion of Article I has brought upon us the horrors of which
Jefferson had warned.
MONEY IS MAN'S ONLY "CREATION"
Economists use the term "create" when speaking of the process by which
money comes into existence. Now, creation means making something that did not
exist before. Lumbermen make boards from trees, workers build houses from
lumber, and factories manufacture automobiles from metal, glass and other
materials. But in all these they did not "create," they only changed
existing materials into a more usable and, therefore, more valuable form. This
is not so with money. Here, and here alone, man actually "creates"
something out of nothing. A piece of paper of little value is printed so that it
is worth a piece of lumber. With different figures it can buy the automobile or
even the house. Its value has been "created" in the true meaning of
the word
MONEY "CREATING" PROFITABLE
As is seen by the above, money is very cheap to make, and whoever does the
"creating" of money in a nation can make a tremendous profit! Builders
work hard to make a profit of 5% above their cost to build a house.
Auto makers sell their cars for 1% to 2% above the cost of manufacture
and it is considered good business. But money "manufacturers" have no
limit on their profits, since a few cents will print a $1 bill or a $10,000
bill.
That profit is part of our story, but first let us consider another
unique characteristic of the thing - money, the love of which is the "root
of all evil."
ADEQUATE MONEY SUPPLY NEEDED
An adequate supply of money is indispensable to civilized society. We could
forego many other things, but without money industry would grind to a halt,
farms would become only self-sustaining units, surplus food would disappear,
jobs requiring the work of more than one man or one family would remain undone,
shipping, and large movements of goods would cease, hungry people would plunder
and kill to remain alive, and all government except family or tribe would cease
to function.
An overstatement, you say? Not at all. Money is the blood of civilized
society, the means of all commercial trade except simple barter. It is the
measure and the instrument by which one product is sold and another purchased.
Remove money or even reduce the supply below that which is necessary to carry on
current levels of trade, and the results are catastrophic. For an example, we
need only look at America's Depression of the early 1930's.
THE BANKERS DEPRESSION OF THE 1930's
In 1930 America did not lack industrial capacity, fertile-farm land, skilled and
willing workers or industrious farm families. It had an extensive and highly
efficient transportation system in railroads, road networks, and inland and
ocean waterways. Communications between regions and localities were the best in
the world, utilizing telephone, teletype, radio, and a well-operated government
mail system. No war had ravaged the cities or the countryside, no pestilence
weakened the population, nor had famine stalked the land. The United States of
America in 1930 lacked only one thing: an adequate supply of money to carry on
trade and commerce. In the early 1930's, Bankers, the only source of new money
and credit, deliberately refused loans to industries, stores and farms.
Payments on existing loans were required however, and money rapidly
disappeared from circulation. Goods were available to be purchased, jobs waiting
to be done, but the lack of money brought the nation to a standstill. By this
simple ploy America was put in a "depression" and the greedy Bankers
took possession of hundreds of thousands of farms, homes, and business
properties. The people were told, "times are hard," and "money is
short." Not understanding the system, they were cruelly robbed of their
earnings, their savings, and their property.
MONEY FOR PEACE? NO! MONEY FOR WAR? YES!
World War II ended the "depression." The same Bankers who in the early
30's had no loans for peacetime houses, food and clothing, suddenly had
unlimited billions to lend for Army barracks, K-rations and uniforms! A nation
that in 1934 couldn't produce food for sale, suddenly could produce bombs to
send free to Germany and Japan! (More on this riddle later.)
With the sudden increase in money, people were hired, farms sold their
produce, factories went to two shifts, mines re-opened, and "The Great
Depression" was over! Some politicians were blamed for it and others took
credit for ending it. The truth is the lack of money (caused by the Bankers)
brought on the depression, and adequate money ended it. The people were never
told that simple truth and in this article we will endeavor to show how these
same Bankers who control our money and credit have used their control to plunder
America and place us in bondage.
POWER TO COIN AND REGULATE MONEY
When we can see the disastrous results of an artificially created shortage of
money, we can better understand why our Founding Fathers insisted on placing the
power to "create" money and the power to control it ONLY in the hands
of the Federal Congress. They believed that ALL citizens should share in the
profits of its "creation" and therefore the national government must
be the ONLY creator of money. They further believed that ALL citizens, of
whatever State or Territory, or station in life would benefit by an adequate and
stable currency and therefore, the national government must also be, by law, the
ONLY controller of the value of money.
Since the Federal Congress was the only legislative body subject to
all the citizens at the ballot box, it was, to their minds, the only safe
depository of so much profit and so much power. They wrote it out in the simple,
but all-inclusive: "Congress shall have the Power to Coin Money and
Regulate the Value Thereof."
HOW THE PEOPLE LOST CONTROL TO THE FEDERAL RESERVE
Instead of the Constitutional method of creating our money and putting it into
circulation, we now have an entirely unconstitutional system. This has resulted
in almost disastrous conditions, as we shall see.
Since our money was handled both legally and illegally before 1913, we
shall consider only the years following 1913, since from that year on, ALL of
our money has been created and issued by an illegal method that will eventually
destroy the United States if it is not changed. Prior to 1913, America was a
prosperous, powerful, and growing nation, at peace with its neighbors and the
envy of the world. But - in December of 1913, Congress, with many members away
for the Christmas holidays, passed what has since been known as the FEDERAL
RESERVE ACT. (For the full story of how this infamous legislation was forced
through our Congress, read The Creature from Jekyll Island,
by G. Edward Griffin or Conquest or Consent, by W. B.
Vennard). Omitting the burdensome details, it simply authorized the
establishment of a Federal Reserve Corporation, with a Board of Directors (The
Federal Reserve Board) to run it, and the United States was divided into 12
Federal Reserve "Districts."
This simple, but terrible, law completely removed from Congress the
right to "create" money or to have any control over its
"creation," and gave that function to the Federal Reserve Corporation.
This was done with appropriate fanfare and propaganda that this would
"remove money from politics" (they didn't say "and therefore from
the people's control") and prevent "Boom and Bust" from hurting
our citizens. The people were not told then, and most still do not know today,
that the Federal Reserve Corporation is a private corporation controlled by
bankers and therefore is operated for the financial gain of the bankers over the
people rather than for the good of the people. The word "Federal" was
used only to deceive the people.
MORE DISASTROUS THAN PEARL HARBOR
Since that "day of infamy," more disastrous to us than Pearl Harbor,
the small group of "privileged" people who lend us "our"
money have accrued to themselves all of the profits of printing our money' - and
more! Since 1913 they have "created" tens of billions of dollars in
money and credit, which, as their own personal property, they then lend to our
government and our people at interest. "The rich get richer and the poor
get poorer" had become the secret policy of our National Government. An
example of the process of "creation" and its conversion to people's
"debt" will aid our understanding.
THEY PRINT IT - WE BORROW IT AND PAY THEM INTEREST
We shall start with the need for money. The Federal Government, having spent
more than it has taken from its citizens in taxes, needs, for the sake of
illustration, $1,000,000,000. Since it does not have the money, and Congress has
given away its authority to "create" it, the Government must go the
"creators" for the $1 billion. But, the Federal Reserve, a private
corporation, doesn't just give its money away! The Bankers are willing to
deliver $1,000,000,000 in money or credit to the Federal Government in exchange
for the Government's agreement to pay it back - with interest! So Congress
authorizes the Treasury Department to print $1,000,000,000 in U.S. Bonds, which
are then delivered to the Federal Reserve Bankers.
The Federal Reserve then pays the cost of printing the $1,000,000,000
(about $1,000) and makes the exchange. The Government then uses the money to pay
its obligations. What are the results of this fantastic transaction? Well, $1
billion in Government bills are paid all right, but the Government has now
indebted the people to the Bankers for $1 billion on which the people must pay
interest! Tens of thousands of such transactions have taken place since 1913 so
that by the 1980's, the U.S. Government is indebted. to the Bankers for over
$1,000,000,000,000 (trillion) on which the people pay over $100 billion a year
in interest alone with no hope of ever paying off the principal. Supposedly our
children and following generations will pay forever and forever!
AND THERE'S MORE
You say, "This is terrible!" Yes, it is, but we have shown only part
of the sordid story. Under this unholy system, those United States Bonds have
now become "assets" of the Banks in the Reserve System which they then
use as "reserves" to "create" more "credit" to
lend. Current "fractional reserve" requirements allow them to use that
$1 billion in bonds to "create" as much as $15 billion in new
"credit" to lend to States, Municipalities, to individuals and
businesses. Added to the original $1 billion, they could have $16 billion of
"created credit" out in loans paying them interest with their only
cost being $1,000 for printing the original $1 billion! Since the U.S. Congress
has not issued Constitutional money since 1863 (over 100 years), in order for
the people to have money to carry on trade and commerce they are forced to
borrow the "created credit" of the Monopoly Bankers and pay them
usury-interest!
AND THERE'S STILL MORE
In addition to the vast wealth drawn to them through this almost unlimited
usury, the Bankers who control the money at the top are able to approve or
disapprove large loans to large and successful corporations to the extent that
refusal of a loan will bring about a reduction in the price that that
Corporation's stock sells for on the market. After depressing the price, the
Bankers' agents buy large blocks of the stock, after which the sometimes
multi-million dollar loan is approved, the stock rises, and is then sold for a
profit. In this manner billions of dollars are made with which to buy more
stock. This practice is so refined today that the Federal Reserve Board need
only announce to the newspapers an increase or decrease in their
"rediscount rate" to send stocks up and down as they wish. Using this
method since 1913, the Bankers and their agents have purchased secret or open
control of almost every large corporation in America. Using that control, they
then force the corporations to borrow huge sums from their banks so that
corporation earnings are siphoned off in the form of interest to the banks. This
leaves little as actual "profits" which can be paid as dividends and
explains why stock prices are often depressed, while the banks reap billions in
interest from corporate loans. In effect, the bankers get almost all of the
profits, while individual stockholders are left holding the bag.
The millions of working families of America are now indebted to the
few thousand Banking Families for twice the assessed value of the entire United
States. And these Banking Families obtained that debt against us for the cost of
paper, ink, and bookkeeping!
THE INTEREST AMOUNT IS NEVER CREATED
The only way new money (which is not true money, but is "credit"
representing a debt), goes into circulation in America is when it is borrowed
from Bankers. When the State and people borrow large sums, we seem to prosper.
However, the Bankers "create" only the amount of the principal of each
loan, never the extra amount needed to pay the interest. Therefore. the new
money never equals the new debt added. The amounts needed to pay the interest on
loans is not "created," and therefore does not exist!
Under this kind of a system, where new debt always exceeds the new
money no matter how much or how little is borrowed, the total debt increasingly
outstrips the amount of money available to pay the debt. The people can never,
ever get out of debt!
An example will show the viciousness of this usury-debt system with
its "built-in" shortage of money.
IF $60,000 IS BORROWED, $255,931.20 MUST BE PAID BACK
When a citizen goes to a Banker to borrow $60,000 to purchase a home or a farm,
the Bank clerk has the borrower agree to pay back the loan plus interest. At 14%
interest for 30 years, the Borrower must agree to pay $710.92 per month for a
total of $255,931.20. The clerk then requires the citizen to assign to the
Banker the right of ownership of the property if the Borrower does not make the
required payments. The Bank clerk then gives the Borrower a $60,000 check or a
$60,000 deposit slip crediting the Borrower's checking account with $60,000.
The Borrower then writes checks to the builder, subcontractors, etc.,
who in turn write checks. $60,000 of new "checkbook" money is thereby
added to "money in circulation."
However, and this is the fatal flaw in a usury system, the only new
money created and put into circulation is the amount of the loan, $60,000. The
money to pay the interest is NOT created, and therefore was NOT added to
"money in circulation."
Even so, this Borrower (and those who follow him in ownership of the
property) must earn and TAKE OUT OF CIRCULATION $255,931, almost $200,000 MORE
than he put IN CIRCULATION when he borrowed the original $60,000! (By the way,
it is this interest which cheats all families out of nicer homes. It is not that
they can't afford them; it is because the Banker's usury forces them to pay for
4 homes to get one!)
Every new loan puts the same process in operation. Each borrower adds
a small sum to the total money supply when he borrows, but the payments on the
loan (because of interest) then deduct a much LARGER sum from the total money
supply.
There is therefore no way all debtors can pay off the money-lenders.
As they pay the principal and interest, the money in circulation disappears. All
they can do is struggle against each other, borrowing more and more from the
money-lenders each generation. The money-lenders (Bankers), who produce nothing
of value, slowly, then more rapidly, gain a death grip on the land, buildings,
and present and future earnings of the whole working population.
SMALL LOANS DO THE SAME THING
If you haven't quite grasped the impact of the above, let us consider a small
auto loan for 3 years at 18% interest. Step 1: Citizen borrows $5,000 and pays
it into circulation (it goes to the dealer, factory, miner, etc.) and signs a
note agreeing to pay the Banker $6,500. Step 2: Citizen pays $180 per month of
his earnings to the Banker. In 3 years he will take OUT of circulation $1,500
more than he put IN circulation.
Every loan of Banker "created" money (credit) causes the
same thing to happen. Since this has happened millions of times since 1913 (and
continues today), you can see why America has gone from a prosperous, debt-free
nation to a debt-ridden nation where practically every home, farm and business
is paying usury-tribute to some Banker. The usury-tribute to the Bankers on
personal, local, State and Federal debt totals more than the combined earnings
of 25% of the working people. Soon it will be 50% and continue up.
THIS IS WHY BANKERS PROSPER IN GOOD TIMES OR BAD In the millions of transactions made each year like those above, little actual
currency changes hands, nor is it necessary that it do so. 95% of all
"cash" transactions in the U.S. are by check, so the Banker is
perfectly safe in "creating" that so-called "loan" by
writing the check or deposit slip, not against actual money, but AGAINST YOUR
PROMISE TO PAY IT BACK! The cost to him is paper, ink and a few dollars in
salaries and office costs for each transaction. It is "check-kiting"
on an enormous scale. The profits increase rapidly, year after year, as shown
below.
These are a few taken from Arizona newspapers in January, 1979.
Valley Bank posts 49% gain in profits
Gains of 49 percent in net income and 51 percent in operating
income were posted last year by Valley National Bank.
Those gains brought net income to $33,969,-000' in the year
ended Dec..31 and operating income to $34,459.000. The year before those
totals were $22,836.000 and $22,807,000 respectively.
Bank's profits rise 21%
Arizona Bank announced on Monday it had achieved a 21.2 percent increase in
net income in 1978 over 1977. On the basis of operating income, excluding the
1977 sale of the Arizona Bank Building for $l,336,369, the bank said the
increase was 43.9 percent.
Tostenrud said loans and deposits increased in the last year:
Deposits 18.8 percent to $1.353 billion and loans 21.9 percent to $951
million.
THE COST TO YOU? EVENTUALLY, EVERYTHING!
In 1910 the U.S. Federal debt was only $1 billion, or $12.40 per citizen. State
and local debts were practically non-existent.
By 1920, after only 6 years of Federal Reserve shenanigans, the
Federal debt had jumped to $24 billion, or $226 per person.
In 1960 the Federal debt reached $284 billion, or $1,575 per citizen
and State and local debts were mushrooming.
By 1981 the Federal debt passed $1 trillion and was growing
exponentially as the Banker's tripled the interest rates. State and local debts
are now MORE than the Federal, and with business and personal debts totaled over
$6 trillion, 3 times the value of all land and buildings in America.
If we signed over to the money-leaders all of America we would still
owe them 2 more Americas (plus their usury, of course!)
However, they are too cunning to take title to everything. They will
instead leave you with some "illusion of ownership" so you and your
children will continue to work and pay the Bankers more of your earnings on
ever-increasing debts. The "establishment" has captured our people
with their ungodly system of usury and debt as certainly as if they had marched
in with a uniformed army.
FOR THE GAMBLERS AMONG MY READERS
To grasp the truth that periodic withdrawal of money through interest payments
will inexorably transfer all wealth in the nation to the receiver of interest,
imagine yourself in a poker or dice game where everyone must buy the chips (the
medium of exchange) from a "banker" who does not risk chips in the
game, but watches the table and every hour reaches in and takes 10% to 15% of
all the chips on the table. As the game goes on, the amount of chips in the
possession of each player will go up and down with his "luck."
However, the TOTAL number of chips available to play the game (carry
on trade and business) will decrease rapidly.
The game will get low on chips, and some will run out. If they want to
continue to play, they must buy or borrow them from the "banker." The
"banker" will sell (lend) them ONLY if the player signs a
"mortgage" agreeing to give the "banker" some real property
(car, home, farm, business, etc.) if he cannot make periodic payments to pay
back all of the chips plus some EXTRA ones (interest). The payments must be made
on time, whether he wins (makes a profit) or not.
It is easy to see that no matter how skillfully they play, eventually
the "banker" will end up with all of his original chips back, and
except for the very best players, the rest, if they stay in long enough, will
lose to the "banker" their homes, their farms, their businesses,
perhaps even their cars, watches, rings, and the shirts off their backs!
Our real-life situation is MUCH WORSE than any poker game. In a poker
game none is forced to go into debt, and anyone can quit at any time and keep
whatever he still has. But in real life, even if we borrow little ourselves from
the Bankers, the local, State, and Federal governments borrow billions in our
name, squander it, then confiscate our earnings from us and pay it back to the
Bankers with interest. We are forced to play the game, and none can leave except
by death. We pay as long as we live, and our children pay after we die. If we
cannot pay, the same government sends the police to take our property and give
it to the Bankers. The Bankers risk nothing in the game; they just collect their
percentage and "win it all." In Las Vegas and at other gambling
centers, all games are "rigged" to pay the owner a percentage, and
they rake in millions. The Federal Reserve Bankers' "game" is also
rigged, and it pays off in billions!
In recent years Bankers added real "cards" to their 'game.
"Credit" cards are promoted as a convenience and a great boon to
trade. Actually, they are ingenious devices by which Bankers collect 2% to 5% of
every retail sale from the seller and 18% interest from buyers. A real
"stacked" deck!
YES, IT'S POLITICAL, TOO!
Democrat, Republican, and Independent voters who have wondered why politicians
always spend more tax money than they take in should now see the reason. When
they begin to study our "debt-money" system, they soon realize that
these politicians are not the agents of the people but are the agents of the
Bankers, for whom they plan ways to place the people further-in debt. It takes
only a little imagination to see that if Congress had been "creating,"
and spending or issuing into circulation the necessary increase in the money
supply, THERE WOULD BE NO NATIONAL DEBT, and the over $4 Trillion of other debts
would be practically non-existent. Since there would be no ORIGINAL cost of
money except printing, and no CONTINUING costs such as interest, Federal taxes
would be almost nil. Money, once in circulation, would remain their and go on
serving its purpose as a medium of exchange for generation after generation and
century after century, just as coins do now, with NO payments to the Bankers
whatever!
MOUNTING DEBTS AND WARS
But instead of peace and debt-free prosperity, we have ever-mounting debt and
periodic wars. We as a people are now ruled by a system of Banker-owned Mammon
that has usurped the mantle of government, disguised itself as our legitimate
government, and set about to pauperize and control our people. It is now a
centralized, all-powerful political apparatus whose main purposes are promoting
war, spending the peoples' money, and propagandizing to perpetuate itself in
power. Our two large political parties have become its servants, the various
departments of government its spending agencies, and the Internal Revenue its
collection agency.
Unknown to the people, it operates in close cooperation with similar
apparatuses in other nations. which are also disguised as
"governments." Some, we are told, are friends. Some, we are told, are
enemies. "Enemies" are built up through international manipulations
and used to frighten the American people into going billions of dollars more
into debt to the Bankers for "military preparedness," "foreign
aid to stop communism," "minority rights," etc. Citizens,
deliberately confused by brainwashing propaganda, watch helplessly while our
politicians give our food, goods, and money to Banker-controlled alien
governments under the guise of "better relations" and "easing
tensions." Our Banker-controlled government takes our finest and bravest
sons and sends them into foreign wars with obsolete equipment and inadequate
training, where tens of thousands are murdered, and hundreds of thousands are
crippled. Other thousands are morally corrupted, addicted to drugs, and infected
with venereal and other diseases, which they bring back to the United States.
When the "war" is over, we have gained nothing, but we are scores of
billions of dollars more in debt to the Bankers, which was the reason for the
"war" in the first place!
BUT WAIT... THERE'S STILL MORE
The profits from these massive debts have been used to erect a complete and
almost hidden economic and political colossus over our nation. They keep telling
us they are trying to do us "good," when in truth they work to bring
harm and injury to our people. These would-be despots know it is easier to
control and rob an ill, poorly-educated and confused people than it is a healthy
and intelligent population, so they deliberately prevent real cures for
diseases, they degrade our educational systems, and they stir up social and
racial unrest. For the same reason they favor drug use, alcohol, sexual
promiscuity, abortion, pornography, and crime. Everything which debilitates the
minds and bodies of the people is secretly encouraged, as it makes the people
less able to oppose them or even to understand what is being done to them.
Family, morals, love of Country, the Christian religion, all that is
honorable is being swept away, while they try to build their new, subservient
man. Our new "rulers" are trying to change our whole racial, social,
religious, and political order, but they will not change the debt-money economic
system by which they rob and rule. Our people have become tenants and
"debt-slaves" to the Bankers and their agents in the land our fathers
conquered. It is conquest through the most gigantic fraud and swindle in the
history of mankind. And we remind you again: The key to their wealth and power
over us is their ability to create "money" out of nothing and lend it
to us at interest. If they had not been allowed to do that, they would never
have gained secret control of our nation. "The rich ruleth over the poor,
and the borrower is servant to the lender" (Proverbs 22:7).
Let us now consider the correct method of providing the medium of
exchange (money) needed by our people.
INTEREST-FREE MONEY History tells us of debt-free and interest-free money issued by governments. The
American colonies did it in the 1700's and their wealth soon rivaled England and
brought restrictions from Parliament, which led to the Revolutionary War.
Abraham Lincoln did it in 1863 to help finance the Civil War. He was later
assassinated by an agent of the Rothschild Bank. No debt-free or interest-free
money has been issued in America since then. Several Arab nations issue
interest-free loans to their citizens today. The Saracen Empire for bad interest
on money for 1,000 years, and its wealth outshone even Saxon Europe. Mandarin
China issued its own money, interest-free and debt-free, and historians and
collectors of art today consider those centuries to be China's time of greatest
wealth, culture and peace.
Germany issued debt-free and interest-free money from 1935 and on,
accounting for its startling rise from the depression to a world power in 5
years. Germany financed its entire government and war operation from 1935 to
1945 without debt, and it took the whole Capitalist and Communist world to
destroy the German power over Europe and bring Europe back under the heel of the
Bankers. Such history of money does not even appear in the textbooks of public
(government) schools today.
Issuing money which doesn't have to be paid back in interest leaves
the money available to use in the exchange of goods and services and its only
continuing cost is replacement as the paper wears out. Money is the paper ticket
by which such transfers are made and should always be in sufficient quantity to
transfer all possible production of the nation to ultimate consumers.
It is as ridiculous for a nation to say to its citizens, "You
must consume less because we are short of money," as it would be for an
Airline to say "Our planes are flying, but we can't take you because we are
short of tickets."
NO MORE BANKERS' PLUNDER
Under the present debt-usury system, the extra burden of usury forces workers
and businesses to demand more money for the work and goods to pay their
ever-increasing debts and taxes. This increase in prices and wages is called
"inflation." Bankers, politicians and "economists" blame it
on everything but the real cause, which is the usury levied on money and debt by
the Bankers. This "inflation" benefits the money-lenders, since it
wipes out savings of one generation so they cannot finance or help the next
generation, who must then borrow from the money-lenders, and pay a large part of
their life's labor to the usurer.
With an adequate supply of interest-free money, little borrowing would
be required and prices would be established by people and goods, not by debts
and usury.
CITIZEN CONTROL
If the Federal Congress failed to act, or acted wrongly, in the supply of money,
the citizens would use the ballot or recall petition to replace those who
prevented correct action with others whom the people believe would pursue a
better money policy. Since the creation of money and its issuance in sufficient
quantity would be one of the few functions of Congress, the voter could decide
on a candidate by his stand on money, instead of the hundreds of lesser, and
deliberately confusing, subjects which are presented to us today. And since
money is, and would remain, a national function, local differences or local
factions would not be able to sway the people from the nation's (citizens')
interest. All other problems, except the nation's defense, would be taken care
of in the State, County, or City governments where they are best handled and
most easily corrected.
An adequate national defense would be provided by the same
citizen-controlled Congress, and there would be no Bankers behind the scenes,
bribing politicians to give $200 billion of American military equipment to other
nations, disarming us, while alien nations prepare to attack and invade the
United States of America.
A DEBT-FREE AMERICA
With debt-free and interest-free money, there would be no high and confiscatory
taxation, our homes would be mortgage free with no $10,000-a-year payments to
the Bankers, nor would they get $1,000 to $2,500 per year from every automobile
on our roads. We would need no "easy payment" plans,
"revolving" charge accounts, loans to pay medical or hospital bills,
loans to pay taxes, loans to pay for burials, loans to pay loans, nor any of the
thousand and one usury-bearing loans which now suck the life-blood of American
families. There would be no unemployment, divorces caused by debt, destitute old
people, or mounting crime, and even the so-called "deprived" classes
would be deprived of neither job nor money to buy the necessities of life.
Criminals could not become politicians, nor would politicians become
criminals in the pay of the Money-lenders. Our officials, at all government
levels, would be working for the people instead of devising means to spend more
money to place us further in debt to the Bankers. We would get out of the
entangling foreign alliances that have engulfed us in four major wars and scores
of minor wars since the Federal Reserve Act was passed, alliances which are now
used to prevent America from preparing her own defense in the face of mounting
danger from alien powers.
A debt-free America would mean mothers would not have to work. With
mother at home, juvenile delinquency would decrease rapidly. The elimination of
the usury and debt would be the equivalent of a 50% raise in the purchasing
power of every worker. With this cancellation of all debts, the return to the
people of all the property and wealth the parasitic Bankers and their
quasi-legal agents have stolen by usury and fraud, and the ending of their theft
of $300 Billion (or more) every year from the people, America would be
prosperous and powerful beyond the wildest dreams of its citizens today. And we
would be at peace! (For a Bible example of cancellation of debts to money
lenders and restoration of property and money to the people, read Nehemiah 5:
1-13.)
WHY YOU HAVEN'T KNOWN
We realize this small, and necessarily incomplete, article on money may be
charged with oversimplification. Some may say that if it is that simple the
people would have known about it, and it could not have happened. But this
MONEY-LENDERS' consPIRACY is as old as Babylon, and even in America it dates far
back before the year 1913. Actually, 1913 may be considered the year in which
their previous plans came to fruition, and the way opened for complete economic
conquest of our people. The consPIRACY is old enough in America so that its
agents have been, for many years, in positions such as newspaper publishers,
editors, columnists, church ministers, university presidents, professors,
textbook writers, labor union leaders, movie makers, radio and TV commentators,
politicians from school board members to U.S. presidents, and many others.
CONTROLLED NEWS AND INFORMATION
These agents control the information available to our people. They manipulate
public opinion, elect whom they will locally and nationally, and never expose
the crooked money system. They promote school bonds, municipal bonds, expensive
and detrimental farm programs, "urban renewal," foreign aid, and many
other schemes which will put the people more into debt to the Bankers.
Thoughtful citizens wonder why billions are spent on one program and billions on
another which may duplicate it or even nullify it, such as paying some farmers
not to raise crops, while at the same time building dams or canals to irrigate
more farm land. Crazy or stupid? Neither. The goal is more debt. Thousand of
government-sponsored ways to waste money go on continually. Most make no sense,
but they are never exposed for what they really are, builders of "billions
for the bankers and debts for the people."
So-called "economic experts" write syndicated columns in
hundreds of newspapers, craftily designed to prevent the people from learning
the simple truth about our money system. Commentators on radio and TV,
preachers, educators, and politicians blame the people as wasteful, lazy, or,
spend-thrift, and blame the workers, and consumers for the increase in debts and
the inflation of prices, when they know the cause is the debt-money system
itself. Our people are literally drowned in charges and counter-charges designed
to confuse them and keep them from understanding the unconstitutional and evil
money-system that is so efficiently and silently robbing the farmers, the
workers, and the businessmen of the fruits of their labors and of their
freedoms.
When some few Patriotic people or organizations who know the truth
begin to expose them or try to stop any of their mad schemes, they are ridiculed
and smeared as "right-wing extremists," "super-patriots,"
"ultra-rightists," "bigots," "racists," even
"fascists" and "anti-Semites." Any name is used which will
cause them to shut up or will at least stop other people from listening to the
warning they are giving. Articles and books such as you are now reading are kept
out of schools, libraries, and book stores.
Some, who are especially vocal in their exposure of the treason
against our people, are harassed by government agencies such as the EPA, OSHA,
the IRS, and others, causing them financial loss or bankruptcy. Using the above
methods, they have been completely successful in preventing most Americans from
learning the things you have read in this pamphlet. However, in spite of their
control of information, they realize many citizens are learning the truth.
Therefore, to prevent violence or armed resistance to their plunder of America,
they plan to register all firearms and eventually to disarm all citizens. They
have to eliminate most guns, except those in the hands of their government
police and army.
TELL THE PEOPLE
The "almost hidden" conspirators in politics, religion, education,
entertainment, and the news media are working for a Banker-owned United States
in a Banker-owned world under a Banker-owned World Governments!
Love of Country and concern for your children should make you deeply
interested in this, America's greatest problem, for our generation has not
suffered under the "yoke" as the coming generations will. Usury and
taxes will continue to take a larger and larger part of the annual earnings of
the people and put them into the pockets of the Bankers and their political
Agents. Increasing "government" regulations will prevent citizen
protest and opposition to their control. Is it possible that your grandchildren
will own neither home nor car, but will live in "government-owned"
apartments and ride to work in "government-owned" buses (both paying
usury to the Bankers), AND BE ALLOWED TO KEEP JUST ENOUGH OF THEIR EARNINGS TO
BUY A MINIMUM OF FOOD AND CLOTHING while their Rulers wallow in luxury? In Asia
and eastern Europe it is called "communism;" in America it is called
"Democracy" and "Capitalism."
America will not shake off her Banker-controlled dictatorship as long
as the people are ignorant of the hidden controllers. International financiers,
who control most of the governments of the nations, and most sources of
information, seem to have us completely within their grasp. They are afraid of
only one thing: an awakened Patriotic Citizenry, armed with the truth, and with
a trust, in Almighty God for deliverance. This article has given you the truth
about their iniquitous system. What you do with it is in your hands.
AUDIT THE FEDERAL RESERVE SYSTEM?
The Federal Reserve has never been audited by the government since it took over
our money and credit in 1913. In 1975 a bill, H.R. 4316, to require an audit was
introduced in Congress.
During the April, 1975 hearings, this author submitted a statement
favoring the audit, as did many others. Due to pressure from the money
controllers, it was not passed. No audit of the Fed has ever been made.
WHY HAVEN'T THEY TOLD YOU?
Why haven't they told you about this scandal - the greatest fraud in history
which has caused Americans and others to spill oceans of blood, pay trillions of
dollars interest on fraudulent loans and burden themselves with unnecessary
taxes?
Who are "they"? "They" are most of the politicians
of the two old parties and elected officials. Most "educational"
groups like the League of Women Voters, the Heritage Foundation and the American
Civil Liberties Union (ACLU). All mainstream news services, such as the
Associated Press and the United Press International. All mainstream daily
newspapers, including the New York Times and Los
Angeles Times. All mainstream weekly "news" magazines,
such as "Time" and "Newsweek." All of the above and more
have been hiding the truth from you.
WHAT SOME FAMOUS MEN HAVE SAID ABOUT THE MONEY QUESTION
ALAN GREENSPAN: "In the absence of the gold standard, there is
no way to protect savings from confiscation through inflation. ... This is the
shabby secret of the welfare statists' tirades against gold. Deficit spending
is simply a scheme for the confiscation of wealth. Gold stands in the way of
this insidious process. It stands as a protector of property rights. If one
grasps this, one has no difficulty in understanding the statists' antagonism
toward the gold standard."
PRESIDENT THOMAS JEFFERSON: "The system of banking [is] a blot
left in all our Constitutions, which, if not covered, will end in their
destruction... I sincerely believe that banking institutions are more
dangerous than standing armies; and that the principle of spending money to be
paid by posterity... is but swindling futurity on a large scale."
PRESIDENT JAMES A. GARFIELD: "Whoever controls the volume of
money in any country is absolute master of all industry and commerce".
CONGRESSMAN LOUIS McFADDEN: "The Federal Reserve(Banks) are one
of the most corrupt institutions the world has ever seen. There is not a man
within the sound of my voice who does not know that this Nation is run by the
International Bankers".
HORACE GREELEY: "While boasting of our noble deeds were careful
to conceal the ugly fact that by an iniquitous money system we have
nationalized a system of oppression which, though more refined, is not less
cruel than the old system of chattel slavery.
THOMAS A. EDISON: "People who will not turn a shovel full of
dirt on the project (Muscle Shoals Dam) nor contribute a pound of material,
will collect more money from the United States than will the People who supply
all the material and do all the work. This is the terrible thing about
interest ...But here is the point: If the Nation can issue a dollar bond it
can issue a dollar bill. The element that makes the bond good makes the bill
good also. The difference between the bond and the bill is that the bond lets
the money broker collect twice the amount of the bond and an additional 20%.
Whereas the currency, the honest sort provided by the Constitution pays nobody
but those who contribute in some useful way. It is absurd to say our Country
can issue bonds and cannot issue currency. Both are promises to pay, but one
fattens the usurer and the other helps the People."
PRESIDENT WOODROW WILSON: "A great industrial Nation is
controlled by its system of credit. Our system of credit is concentrated. The
growth of the Nation and all our activities are in the hands of a few men. We
have come to be one of the worst ruled, one of the most completely controlled
and dominated Governments in the world - no longer a Government of free
opinion no longer a Government by conviction and vote of the majority, but a
Government by the opinion and duress of small groups of dominant men".
(Just before he died, Wilson is reported to have stated to friends that he had
been "deceived" and that "I have betrayed my Country". He
referred to the Federal Reserve Act passed during his Presidency.)
SIR JOSIAH STAMP,(President of the Bank of England in the 1920's,
the second richest man in Britain): "Banking was conceived in iniquity
and was born in sin. The Bankers own the earth. Take it away from them, but
leave them the power to create deposits, and with the flick of the pen they
will create enough deposits to buy it back again. However, take it away from
them, and all the great fortunes like mine will disappear and they ought to
disappear, for this would be a happier and better world to live in. But, if
you wish to remain the slaves of Bankers and pay the cost of your own slavery,
let them continue to create deposits".
MAJOR L .L. B. ANGUS: "The modern Banking system manufactures
money out of nothing. The process is perhaps the most astounding piece of
sleight of hand that was ever invented. Banks can in fact inflate, mint and
unmint the modern ledger-entry currency".
RALPH M. HAWTREY (Former Secretary of the British Treasury):
"Banks lend by creating credit. They create the means of payment out of
nothing".
ROBERT HEMPHILL (Credit Manager of Federal Reserve Bank, Atlanta,
Ga.): "This is a staggering thought. We are completely dependent on the
commercial Banks. Someone has to borrow every dollar we have in circulation,
cash or credit. If the Banks create ample synthetic money we are prosperous;
if not, we starve. We are absolutely without a permanent money system. When
one gets a complete grasp of the picture, the tragic absurdity of our hopeless
position is almost incredible, but there it is. It is the most important
subject intelligent persons can investigate and reflect upon. It is so
important that our present civilization may collapse unless it becomes widely
understood and the defects remedied very soon".
This study on money is not copyrighted. It may
be reproduced in whole or in part for the purpose of helping the American
people.
The recent bailout of the housing market by the
U.S. government is Communism.
In spite of the bail out,
1.3 million Americans still lost their homes last
year in 2007. This is madness!
The trillion dollars spent on the war in Iraq could have purchased 4,000,000
American homes at $250,000 each!!! The recent real-estate fallout is all a
big scam intended to broaden the government's control over America's housing
market. The first plank of Marx's Communism is the abolition of
private property.
James Bovard has wisely stated...
"Government
cannot control property without controlling people. Every extension of
control over property means a decrease in citizens' ability to rely on
themselves and plan their own lives' We face a choice of private
property or political subjugation."
Our Washington politicians more than doubled
the American national debt in one weekend for a bunch of crooks and
incompetents.
That money is coming out of taxpayer pockets! The resulting government can
only be Fascist.
James Bovard
further states...
"Private
property marks the boundary between the citizen and the State. The
degree of respect the State shows for property rights will largely
determine how much privacy, autonomy, and independence the citizen has."
One doesn't
have to think too hard to realize where America is headed when the
government gets into the property business. Woe unto America.
In the end, Communism stifles ambition,
confiscates wealth, discourages personal endeavor, rewards the undeserving
and undermines society. Communism sounds great in theory; but in reality,
the only way one can succeed without sacrificing is if someone else
sacrifices without succeeding. There are no free meals in life, someone has
to pay.
END
“It is well the
people of the nation do not understand our
banking and monetary system, for if they did, I
believe there would be a revolution before tomorrow morning.” —Henry
Ford
Why is it so HARD to find a
JOB?
In light of
the news that 24,500 people applied for 325 jobs at the Wal-Mart
that opened Friday (January 27, 2006) just outside Chicago, I think it's
appropriate to ask 'Why is it so hard to find a job?'
Are Americans too picky? Are immigrants taking all the jobs? Is it
globalization? Is there something wrong with us? Are we not trying hard enough?
Red-herrings, every last one of them; signs and symptoms of the same global
pathology.
Where there's no money, there's no work. It's as simple as that. Ask Lewis
Black; he knows...
"We have a two party system, the
Democratic Party, a party of no ideas, and the Republican Party, a party of
bad ideas." —Lewis Black
Does it mean that the unemployed are inherently
unproductive? Or, that all of the economy's needs are already met? Of course
not.
Take, for example NYC; unemployment is high, but many infrastructure projects
and public services are needed. They can't be launched or provided because the
city needs capital and without fail, government budgets fall short, no matter
how much they collect in taxes, tolls, fares, fees, and fines. But, WHY?
There is no shortage of labor and no shortage of needs. It's always a shortage
of money.
You gotta ask yourself, why isn't there enough money when the US Treasury prints
it 24/7?
The answer lies in the nature of money, debt and interest.
"Whoever
controls the volume of money in any country is absolute master of all
industry and commerce." — President James A. Garfield
Money has no intrinsic value. Bushels of it are
printed every minute by our government, at nominal cost, only by the authority
vested in them by us, through the Constitution.
You can't eat money, you can't ride it to work, it won't keep you warm, and it
won't do the dishes. You can't do anything with it; it's
worthless unless
someone accepts it in
exchange for something of REAL VALUE - labor or goods.
Money simply facilitates exchange (remember, in God we trust all others pay
cash).
If we didn't use a standard currency, like the dollar, we would have to barter,
which for obvious reasons is terribly inefficient. Hence the term currency, from
the root word current, or flow.
And the only reason money is accepted in
exchange for labor and goods is because the government says so. Those who accept
it are receiving a promise
that the next person will accept it, too. In other words, money is "valuable" by
government decree. Hence, the term fiat currency.
So, if money has no intrinsic value, why is it taxed with interest from the
minute it hops off the press?
Logically, the government should issue this
'promise to pay,'
born at the press, interest-free in order to fuel the economy by launching
needed non-profit public projects. In this context, money does not
"buy" productivity.
It simply facilitates it.
The money that circulates in the economy, as a result, now represents each
person's contribution to productivity - the
credit they earned. They can save it, spend it, lend it, or invest it. It
never has to be returned to the government. It can continue to circulate until
it is worn.
When new public needs arise the government could re-use money that it earns (as
a non-profit corporation) in fares and fees for productive public services. If
necessary, it could borrow money that's deposited in its trust as personal
savings. Anything borrowed is returned
interest-free. When warranted, the government issues new currency to accommodate
productive growth. In such a system, taxes would be unnecessary.
Through a national network of non-profit banks, the government could also invest
private money in entrepreneurial for-profit businesses that promise to employ
others. In these ventures, the government assumes profit and risk on a pro-rata
basis.
Or, these banks could loan money interest-free to individuals or businesses that
demonstrate need. Anything that is loaned, would be eventually returned,
interest-free, to be loaned to someone else in need.
There would be no inflation, because whether money is issued for public or
private use it would only be issued and allocated according to productivity.
Because money is interest-free, billions of dollars that would be otherwise
siphoned from both public and private economies, through fraud or exploitation,
remain available to fuel public and private
productivity.
But as it stands, central banks have a monopoly on issuing money; they issue it
when they will and to whom they will, and they only allow it to circulate at
interest. This is the crux of the problem.
Central bankers take money directly off the press and create credit from thin
air. They lend cash and credit at their discretion; and they expect it re-paid
(as if they earned it) in the same currency, only in a greater quantity than
they or the government ever issue it--which is impossible.
This fraudulent system of lending at interest creates a zero-sum economy
where some must lose for others to win. For example, let's say that $1000 is
issued by the only bank in a fledgling nation of five. Each person borrows $200
at interest, and must compete with the others to pay off their loan, plus
interest.
Once 4 of them raise enough money to get out of debt, there is not enough money
left circulating for the fifth to pay his debt, no matter how hard he tries.
This zero-sum result is inevitable in a system based on interest because
interest is NEVER issued, it's only charged.
Interest is not productive. It's an
instrument employed by LAZY, unimaginative investors who want to unload life's
risks on to borrowers, workers, and consumers by exploiting their need for
money.
Interest only works in a controlled economy where the money supply is constantly
"tightened." It's glaringly obvious that no one would pay interest for money
they could borrow from the government interest-free -
if it was available.
But, it's not. So, interest acts as a giant vacuum siphoning all the money which
the government supposedly issued for
productive uses and
channels it to inefficient, exploitative ones that bleed borrowers, workers, and
consumers, alike and pits everyone against each other.
For instance, under an interest-based system, the person from our example who
remains in debt will garner little sympathy if he is healthy, and suffered no
natural disaster. But indeed, he is unable to pay his debt, not through his own
fault, but because of a flawed monetary system.
If interest were not charged, he might still fall behind others. But, if it's
because of a natural disaster (Katrina) or illness, the community would gladly
extend credit at no interest until the crisis passes.
Or, if the loss was due to his negligence or inefficiency, he would no longer be
trusted with loans. And unless he were incapacitated, he would have to work to
pay it back, interest-free. That is both fair and it encourages cooperation and
social responsibility.
He would not be targeted, as he is now, by moneylenders who don't care if he
never pays anything but interest. That is unfair and facilitates and rewards
exploitation.
But, private borrowing at interest is not our only problem. It gets MUCH worse.
A nation that borrows money at interest (by issuing bonds), instead of issuing
bills interest-free, suffers the burden of perpetual debts that increase
exponentially with time because of interest.
Interest on government bonds has been decimating America's physical economy and
the quality and availability of its public services for decades. In 2005, the US
government spent over $380 billion to pay interest on treasury bonds, almost six
times the money it spent to fund education! We are kept ignorant so that central
bankers and moneylenders can continue to defraud us unchallenged.
On top of all this, because moneylenders "own" all the credit they extend in the
economy, they are free to call in those loans at any time, plunging the entire
nation into economic depression and foreclosing on all its assets.
The bottomline is that with the same legal authority that our government issues
bonds at interest, it can issue interest-free bills. Both are promises to pay.
The latter is honest and productive, the former is fraudulent and destructive.
The choice should be clear.
So, when someone asks you why it's so hard to find a job, tell them that it's
not their fault and that the people of this nation and the world are being
manipulated and defrauded by those who control the money supply.
Ron Paul warns of One-World-Bank and Governing System
The central bank is an institution of the most deadly
hostility existing against the Principles and form of our Constitution. I
am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the People of all their Property
until their Children will wake up homeless on the continent their Fathers
conquered.—Thomas Jefferson
(1743-1826)
The Creature from Jekyll
Island: A Lecture on the Federal Reserve (download:
Real Audio |
MP3)
G. Edward Griffin exposes the most blatant scam of all history. It’s all here:
the cause of wars, boom-bust cycles, inflation, depression, prosperity. It's
just exactly what every American needs to know about the power of the central
bank.
Disclaimer: I do not advise
anyone on financial investments, please consult a licensed professional
before making any financial decisions. My website
is for research only.