||Art & Literature
||Letters to the Editor
Note: Links to other sites will open in a new window.
WHAT FEDERAL RESERVE BANKERS DON'T WANT YOU TO KNOW
Submitted by Bob Worn
Aug. 20, 2005
This is long but such informative reading,,,,,It is evident that this
article, although very good, was written several years previous.
In the email you sent me titled "THIS IS A MUST READ ON IMMIGRATION" that contained the speech by Dick Lamm titled "How to destroy America," I believe they overlooked one important step. The Government must take away the peoples money, IE, their gold and silver. The people then become serfs to the Federal complex and are easy to lie to and control. Great article. Thanks!!!
DEAR CHARLES - YOU ARE 100% RIGHT - BELOW IS SOME GOOD INFO FROM MY ARCHIVES ABOUT THE FEDERAL RESERVE - SAVE THIS STUFF ON YOUR COMPUTER AND SEND IT TO ALL OF YOUR FRIENDS AND FAMILY - BOB FROM MICHIGAN,
CHARLES - GO SEE MY LONG TRACT ABOUT THE NEW WORLD ORDER AT - http://newsaboutjews.blogspot.com/
CHARLES - GO SEE MY LETTER ABOUT SAVAGE WARRIOR CHRISTIANS NEEDED TO SAVE AMERICA AT - http://savagewarriorssavingamerica.blogspot.com/
Learn what the Bankers don't want you to know! Every time we give the bankers $100 for free, the taxpayers have a new $100 debt to the bank. If we add $10 billion of new money to the economy, the bankers receive $10 billion for free and the taxpayers have a new debt of $10 billion. Now the citizens must work to pay the $10 billion plus interest to the bankers.
According to the Federal Reserve Bank publication Your Money page 12 the bank pays 2.5 cents for the printing of $100 of Federal Reserve Notes. Federal Reserve Bank publication Modern Money Mechanics gives examples of banks buying government bonds by printing money. In 1996, Bob Dole claimed about 40 percent (08/19/05 - Now 100%) of personal federal taxes pays interest on the national debt. He did not mention the $5 trillion (08/19/05 Now $18.783 Trillion) of national debt was created by creating money. About 16 percent (08/19/05 - Now 21.297%) of your gross wages goes to pay interest on government debt created by banks creating money and loaning it to government.
If we followed Abraham Lincoln and only used cash, United States Notes, as money, over time we could pay off the national debt, State, county and city debt and cut our personal IRS tax to zero and have our homes, cars, farms and businesses paid off and be out of debt. Why? Because we would have debt free currency.
I have interviewed a number of bank auditors and top bank officials. They all told me the same exact story. You can confirm it for yourself by asking them to sign the affidavit at the end of this web page. The Federal Reserve Bank publications confirm what I am about to say. The following illustrations are examples from my books and are basic simplistic ways of showing the basic bookkeeping and economics of a loan in America.
Just as in the European Banking System where the government gave the bank $1 billion of cash and the bank returned it to the government as a $1 billion loan, the same applies with your local bank loan.
WANT OUT OF YOUR LOANS WITHOUT GOING TO COURT? TOM'S TIPS:
To do this we need your help. This is what we all need you to do. Download this web site, copy it and share the information with your friends.
Ask the lenders to sign the affidavit and ask your friends to do the same.
Read my two books and listen to my cassette tapes giving the details so you can intelligently share this information with friends, family and your unassuming CPA.
When enough politicians believe Americans have figured out the secret and it is safe to vote against the bankers, we will get our loans canceled using the correct political solution.
We are looking for people who want to teach CPAs how to testify in court as an expert witness against the bankers. This can be profitable and exciting. Can be done part time or full time. It is not hard, we show you how to do it. Learn how to increase your wealth using the current banking system and helping foreclosure victims. ---> You be the Judge
This information is being provided to inform and educate. Please feel free to print out this site and pass along the information to family and friends.
You be the judge
OKAY, NOW IT'S YOUR TURN TO BE BOTH THE JUDGE AND JURY!
Although the bankers and politicians don't believe that you can see through the fog, we believe that you will see the truth and the truth will SET YOU FREE! This is only a simplified basic illustration only to show the economic effects of the bookkeeping entries to make it easy for lay people to understand.
Illustration: You want a $9,000 loan. Tim agrees to loan you $9,000. Tim asks you to sign a $9,000 promissory note agreeing you will repay the $9,000 plus interest. You sign it. Tim wants security/collateral to ensure you will repay the loan. You agree to hand Tim your diamonds worth $9,000. You are expecting Tim to give you back the diamonds when you repay the loan.
Without your knowledge, permission, or authorization Tim sells the $9,000 of diamonds (or bank promissory loan agreement) for $9,000 of cash and uses the cash to fund a $9,000 loan check to you. Tim claimed he loaned you $9,000. You repay the loan. Now you ask Tim to return the diamonds and Tim refuses.
I think we all agree it makes no difference if it is $9,000 of diamonds or anything else of value Tim received from you. Diamonds or cash or stocks or a negotiable instruments worth $9,000 is still worth $9,000. I think we all agree Tim should return the $9,000 to you. If Tim does not return the $9,000 to you, you lost $9,000 and Tim never loaned you anything. He merely took $9,000 from you and returned it back to you. I can hear you say, "I never gave the bank $9,000 for a $9,000 loan." That is the trick. It happened without your knowledge and there is no agreement or contract without mutual understanding and agreement and you cannot agree to something you did not know happened.
New York Federal Reserve Bank publication 5 "I Bet You Thought" page 5 admitted money doesn't have to be, "issued by a government or be any special form." It continues to explain if an asset like a government bond or promissory note can be exchanged or sold for cash and if one accepts it as money, it is money. Page 27 admits the bank created new money when the bank granted the loan and the borrower funded the loan. Federal Reserve bank publication Your Money page 7 and Modern Money Mechanics page 6 admit the bank never loaned you legal tender or other depositors money.
I am not here to condemn bankers or politicians. I am not calling them criminals. I thank the Federal Reserve Bank for giving us the details. As one bank auditor told me, "the written loan agreement never authorized the bank to take $9,000 from the borrower and return it as a loan." He tried to get me to agree to keep this a secret. He said if the American people ever figured this out he would get out of the country.
I am here to congratulate the bankers and politicians and media for their genius and creativity in devising such a plan or keeping it quiet and not exposing it to the world. As a retired CPA, expert witness it took me several years to research it and be able to explain it to the average American. You must admit they are pretty slick in transferring our wealth, $9,000, to themselves without our knowledge, permission or authorization and then get us to argue the $9,000 was never transferred to them for free.
One of the top bankers in the country privately admitted to me I was right. He said the American are to stupid to figure it out. Then he admitted because the bankers receive the wealth for free they use it for huge political contributions to control lawmakers, judges and police. He explained how the media needs advertising dollars from lenders and needs lenders money for loans to stay in business so they would remain quiet and not allow the secret to be revealed. Then he made one significant remark. He said, " If the American population ever figure out what we did to them, I am getting out of the country."
I believe there are good lawmakers who want to correct the problem but they know if they speak out against the banks they will not receive favorable media and definitely will not receive the bankers money to get them reelected. It is easy for lawmakers to be silent if they wish to be reelected. I believe they think it is your responsibility to get the word out so the people will support the change and make it safe for politicians to make the change. Face it if you make huge profits from the banking system why vote to change it unless enough people woke up and the change was inevitable. When enough Americans figure it out, then they will vote to make the change. It is your job the download this web page and copy it and get it out to friends. Buy the banking book so you understand the details and ask your lenders to sign the affidavit. When they refuse, it will show you I am right. ---> America's Hope This information is being provided to inform and educate. Please feel free to print out this site and pass along the information to family and friends.
The American Voters vs. The Banking System
Unsolicited Testimonial Your information in Volume II is excellent. The information in Volume II that I rec'vd this week is well organized and completely understandable, i.e., the format is perfect. Former FBI agent Tom D. Micco, Florida
Unsolicited Testimonial I was highly impressed with your friendly ability to educate us, me, in the simplest of manner, one of the most complex forms of corporate frauds available to the general public. What a sweet deal the bankers have perpetuated against the trust worthy American people. T. Y. San Bernadino, Calif.
This book is a continuation of all the information from Volume I, America's Hope. Please think of Volume I as Banking 101, the prerequisite to Volume II (Banking 105). I do not wish to repeat myself as I did in Volume I.
The summary of Volume I is simple. Wealth is anything of value-a house, a car, gold, silver, diamonds, boats, planes, even you labor. Labor is the ability to obtain wealth. It can build a boat, house, etc. Money is merely a means to help facilitate the bartering of wealth. Money is used to trade wealth from one person to another. When a bank grants a $100,000 loan, all they are doing is taking $100,000 of actual cash value from you and transferring it to them for free. The bank did not loan one cent of other depositor's money for the $100,000 promissory note. They did it by recording the promissory note as a loan from you to the bank. The bank then used the $100,000 they obtained from you to create $100,000 of new money called checkbook money. Checkbook money has equal value to legal tender because the promissory note can be sold for legal tender. Then the bank uses the newly created checkbook money (counterfeit money) to transfer the stolen $100,000 back to you (the victim) as a bank loan. (Stolen means received for free.)
This book goes into the bank loan agreement and how to expose the truth about it in greater depth. Once you have both volumes, you should be able to examine the bank's expert witness using the CPA expert training as provided in these books and expose the real bank loan agreement. The banker will not know if you have these books. This places fear in his heart. He does not know how much you know. He does not know who has read these books and can apply what they've read. What the banks have concealed for all these years is now exposed. This is the book that is destined to change a nation and set the captives free.
Volume II shows you why people lose in court. One judge and attorney working for the banking interests accidentally gave us the information everyone needs in court. There are more quotes from the Federal Reserve Bank to prove our case, including FED quotes of false statements claiming they loan other depositor's money or they must admit they deposited the promissory note.
Mr. Schauf has taught thousands of Certified Public Accountants on a national level in courses for continuing education to renew their CPA licenses. These courses teach CPA's the art of testifying as an expert witness.
The information contained in this book provides you with the training to dismantle the bank loan agreement and to ask the bank's expert witness hundreds and hundreds of questions to prove that the borrower funded the check. Some questions are designed for the bank auditor, others for the banker.
It also teaches you how to ask the same question in different ways. Arguing with bankers without having this book is like getting half-dressed for your wedding. One of the secrets of winning is having the banker's expert witness agree that you are right. When they learn that you have this book, they will know that you have the training to destroy their arguments.
This volume will give you the ability to become the bankers' worst nightmare. Combined with America's Hope (Volume I), they teach you why we ask the questions so you can follow the twists and turns of your opponent and expose them for who they are. Seminar leaders, legal counsel and anyone arguing for political change needs this volume. ---> Order Books & Tapes Online! This information is being provided to inform and educate. Please feel free to print out this site and pass along the information to family and friends.
http://www.execpc.com/~jfish/bkrvws/jekyll.txt Book Review: The Creature From Jekyll Island.
Killing the Banking Beast Jane H. Ingraham The New American Vol 10, Number 18 September 5, 1994
The Creature From Jekyll Island, by G. Edward Griffin, Appleton, WI: American Opinion Publishing, Inc., 1994, 608 pages, paperback, $19.50.
(For ordering information, see end of article.)
Has it ever occurred to you that the federal government has no need of taxes for revenue? Are you aware that banks prefer lending to governments because governments seldom repay loans? Do you realize that if all debts, both public and private, were paid, there would be no money at all in circulation?
These are only a few of the startling facts that fill the pages of this illuminating expose of the Insider scam called The Federal Reserve System
(Fed). Although author G. Edward Griffin admits to having wondered if another book on the Federal Reserve is necessary (his six pages of bibliography suggest that the subject may have previously attracted attention), it is unlikely that any book has ranged across 2,000 years of money and banking from Diocletian to the Rothschilds to Alan Greenspan -- and tied it into the new world order -- as thoroughly as The Creature From Jekyll Island.
Griffin cuts through the obscurities about the Fed that are intentionally meant to mystify and disarm its victims (all of us). Convinced that the subject of money and banking is too arcane and complicated to understand, we victims are trapped in a world view that utterly fails to jibe with reality. The money manipulators, says Griffin, are exploiting our ignorance for the advancement of their own appalling plans; the urgency of awakening us to our danger has driven Griffin to write this extraordinary book.
Although Griffin has never held an academic position, he is a top-notch teacher. Making this little-understood subject simple by splendid organization, his account is divided into six sections with varying numbers of chapters; each section and chapter is introduced by a concise paragraph while each chapter is also summarized. Thus the reader is kept in touch with where he has been and where he is going, an ingenious and helpful device considering the enormous scope of Griffin's narrative.
His explanations and definitions are meticulously worded; one can sense the care with which each word was chosen, leaving no room for confusion. Griffin continually draws documentation from primary sources, quoting letters, speeches, and published works that both enlighten and horrify. His own writing is difficult to quote; lt is so trenchant that nearly every sentence entices. Yet at the same time Griffin has mastered the art of speaking personally to the reader, who never loses the feeling of being directly addressed. All this adds up to a superbly clear, engrossing book that, once started, is impossible to put down.
Setting the Stage
In order to help us fully understand our present predicament, Mr. Griffin ranges far afield in explaining the historical, economic, and political antecedents of today's money system. We are given a crash course on the nature of money; the origin of banks and the concept of fractional reserves; how this led to the seductive idea of using the same money over and over; how this inevitably led to economic disaster wherever and whenever tried. We are instructed about the Rothschild formula, which perfected the art of making enormous profits from loans to governments, especially for wars; how this led to preventing any one nation from becoming strong enough to establish peace (the famous balance of power); how those who could instigate wars or revolutions were financed
(including the Bolsheviks in 1917); how we Americans were sucked into World War I in order to save J.P. Morgan's loans to England; how environmentalism is now the weapon of choice replacing war.
We are taken to the super-secret meeting of Insider financiers and Rothschild agent Paul Warburg on Jekyll Island in 1910 where the basic plan for what became the Federal Reserve Act was formulated; we learn that these plotters were already affiliated with the conspiratorial British oneworld Round Table group which preceded the Council on Foreign Relations (our secret government); we are astounded by the brazen deception of Congress that pushed through this unconstitutional act creating the Insiders' fundamental tool -- a central bank with the ability to inflate. We are told how this same tool has been expanded internationally through the International Monetary Fund (IMF) and World Bank in order to create worldwide inflation, pay enormous sums of perpetual interest on never paid-up loans to Insider banks, and socialize the Third World, all courtesy of us unsuspecting taxpayers. Lastly, Griffin foretells our dismaying fate if our course is not altered; then he lays out a step-by-step procedure of how to alter it, inviting us to join with him in doing so.
Griffin looks the Fed "creature" straight in the eye and tells us it is not federal, it has no reserves, and it is not a bank. It is, in fact, a pernicious cartel operating against the public interest. The widespread belief that the Federal Reserve exists to "stabilize the economy" is hogwash; the real reason for its existence is the making of money -- not out of "thin air" as is commonly supposed, but, more accurately, out of debt. Griffin explains that it is the act of borrowing by the federal government that causes money to spring into existence.
Griffin takes us through the Open Market steps by which Treasury IOUs
(bonds) are converted by the Federal Reserve into money through the issuance of Federal Reserve checks with no money in existence to cover them; anyone else doing this would go to jail. Congress has made this legal for the Fed, however, because this hidden process allows our congressmen to enjoy unlimited revenue without having to visibly raise taxes. Without this service, says Griffin, the monetary/political partnership would dissolve, and Congress would abolish the Fed.
Griffin explains that these Federal Reserve checks are endorsed by the government, deposited in a Federal Reserve bank, and used to pay government expenses by checks which create the first wave of fiat (unbacked paper) money that floods into the economy. Recipients deposit these checks into commercial banks that are part of the Fed system. Here is where the real inflationary action is. (The Federal Reserve holds "only" seven percent of the national debt of almost $5 trillion. The 12 percent held by foreigners and the 56 percent held by Americans are not inflationary because the money used for purchase already existed.)
Commercial banks, like the Federal Reserve, also create money out of nothing -- and collect interest on it -- by multiplying every dollar deposited nine times. This amazing feat is accomplished through the device of fractional reserves, whereby the Fed allows 90 percent of deposits to be loaned out. As deposits become loans and loans become deposits, this process repeats with smaller numbers each time around. For instance, $1 million in government money (first wave) gives birth to $900,000 (second wave), which gives birth to $810,000 (third wave), etc., until the process plays itself out. Thus, the banking cartel creates an amount of money that is nine times the amount of the original government debt that made the process possible.
Griffin shows that when the original debt is added in, the Federal Reserve and the commercial banks together have created approximately ten times the amount of the underlying government debt. Since this newly created money causes the purchasing power of all money to decline, the resulting rise in prices is, in reality, a hidden tax. As Griffin puts it:
Without realizing it, Americans have paid over the years, in addition to their federal income taxes and excise taxes, a completely hidden tax equal to approximately ten times the national debt!
Griffin is astonished at the public's indifference to this fleecing; he blames it on ignorance based on disinformation. Nothing could prove him more right than the current deception that inflation is higher prices caused by full employment and a strong economy; therefore, letting the "steam" out of the economy and slowing growth (and thereby employment) is "good." This talk is madness. Alan Greenspan. chairman of the Federal Reserve (who has the temerity to say he is "worried about inflation"), is repeating this claptrap as he pretends to control inflation by increasing interest rates that merely devastated the bond market, clobbered the stock market, and helped only the bankers. Thus the Insiders are perfectly protected and the scam rolls on.
There are many more threads to Griffin's discourse on the operations of the banking cartel that should not be missed, such as:
- How holders of Treasury bonds can be paid off only by the creation of an identical bond out of nothing.
- Why the U.S. has to be, must be, in debt.
- How the Discount Window (Fed loans to banks) creates more phony money.
- How the federal government could operate without levying any taxes whatsoever.
- How the Fed causes booms and busts.
- How, since 1913, our money has depreciated by over 1,000 percent.
- How a gold standard automatically stabilizes prices.
- How the Fed can now monetize the debts of foreign governments!
Without the extensive knowledge offered by Griffin, no American can fully understand the financial reality of our time.
Understanding the Game
Also critical to our reality check is an understanding of how the Fed protects and enriches the banking brotherhood in the international arena. The game our Insiders are playing makes the Rothschilds look like novices. Here it is in a nutshell: The game starts with a mammoth loan
(created out of nothing through the magic of fractional reserves) from one of our megabanks (Citicorp, Chase Manhattan, Bank of America, etc.) to a Third World country with scant means of servicing the debt much less ever repaying the principle. Are these top bankers stupid? Hardly; Griffin explains that this is the kind of loan these bankers love, since they make their money from interest on the loan, not on repayment of the loan. They prefer the loan never to be repaid. They know they can't lose because the Federal Reserve guarantees that massive loans that go into default will not be allowed to seriously affect the issuing bank (too big to fail) because this would "disrupt the entire economy."
So, says Griffin, "since the System makes it profitable for banks to make large, unsound loans, that is the kind of loans banks will make. Furthermore, it is predictable that most unsound loans will go into default." Sure enough; pretty soon default threatens. The bank creates additional money out of nothing and lends that so its interest stream continues on both the original loan plus the new loan (the "roll-over" play). At the next crisis, the bank creates still more money out of nothing to cover the interest on both loans plus an additional amount for the borrower to spend freely (the "up-the-ante" play). Finally the bank agrees to a lower interest rate and a longer period for repayment (the " rescheduling" play). Eventually it is time for the "Final Maneuver." Congress agrees to guarantee future payments and the whole mess is shifted to the backs of U.S. taxpayers while the borrower is trapped into an IMF "austerity" program that makes an "end run" around his sovereignty.
Now money moves through various foreign aid channels to the deadbeat borrower, who continues to pay perpetual interest to the bank. Almost all of this money is generated by the Federal Reserve; as it moves out into the economy it dilutes the value of the money already there. The American people, says Griffin, have no idea they are footing the bill to enrich the Insider bankers.
Founder' Fears Realized
Readers may be surprised to learn that the Federal Reserve is the fourth central bank the United States has had, the previous three having crashed in inevitable raging inflation and widespread economic disaster. So clearly did our Founders understand and fear worthless paper money forced on the public by legal tender laws (precisely what we now have) that they filled the proceedings of the Constitutional Convention with statements of their horror of it. We Americans today, deprived of hearing such truth, need to listen to their words:
- George Mason of Virginia: "I have a mortal hatred of paper money."
- John Langdon of New Hampshire: "I would rather reject the whole [Constitution] than grant the new government the right to issue fiat money."
- George Reed of Delaware: "The right to issue fiat money would be as alarming as the mark of the beast in Revelation."
- Thomas Paine: "The punishment of a member of Congress who should move for such a law ought to be death."
Griffin does not stop with presenting the known picture, but projects today's reality into the future. His first projection is a doomsday scenario his second is a realistic plan for saving our country and ourselves. These chapters might, after all, be the most important ones in the book.
Griffin sees doomsday as an engineered financial debacle the severity of which will cause panicked Americans to welcome a World Bank "rescue" with a world currency. The IMF/World Bank is already functioning - in conjunction with the Federal Reserve - as a world central bank. A world currency is already designed, awaiting a crisis to justify its introduction. From this point on, writes Griffin, there will be no escape from the new world order. At present the U.S. is being deliberately weakened by seemingly insane spending both at home and abroad: As just one more dismaying example, during President Clinton's recent trip to Europe he blithely promised more billions of dollars to Poland, Ukraine, and the Baltic countries. The name of the game is to spend - on anything, anywhere. The object is to bring down the system.
Life in the New World Order
What will life be like in the Insiders' new world order? Griffin spells it out from the words of the Insiders themselves. One source is the 1966 secret Hudson Institute study commissioned by Defense Secretary Robert McNamara, entitled Report From Iron Mountain. This study cold-bloodedly discusses various means by which government might control the populace and perpetuate itself in power in the absence of war (UN peace).
Griffin's review (with extensive quotes) of this truly diabolical Insider study is masterful; he takes it apart and shows us its consummate evil. The study's premise is that historically the only means by which a government has ever been able to "secure the subordination of citizens to the state" is war. Only war has been able to provide the external threat without which no government can accumulate power. War is used to make the masses put up with all kinds of privation, taxation, and controls without complaint. No amount of sacrifice in the name of victory is rejected. Resistance is viewed as treason.
But, says Griffin, Report From Iron Mountain explains that the war system may have to be replaced because "it may now be possible to create a world government in which all nations will be disarmed and disciplined by a world army, a condition which we will call peace." In this case, what could be a substitute for war?
Here, explains Griffin, is the origin of the stratagem to promote ecological doom as the new enemy that threatens the entire world. The threat need not be real, provided the masses can be convinced it is real. Credibility is the key, not reality. Griffin writes that Report From Iron Mountain explains the avalanche of phony scientific claims that are uncritically publicized by the Insider-controlled media, as well as the funding of environmental "crazies" by corporations and businesses that would appear to have the most to lose. He sees the plan as being brilliantly successful.
The barrage of propaganda has had a phenomenal result. Politicians are now being elected on nothing but "concern for the environment and a promise to clamp down on nasty industries," with no one caring about the damage done to the economy or our freedoms. Just as no sacrifice is too great in time of war, what happens to the economy or our freedom is of no consequence "when the very planet on which we live is sick and dying."
Griffin introduces us to multi-millionaire Maurice Strong, the powerful UN environmental czar, who gives us the whole line: The U.S. is committing environmental aggression against the rest of the world. Current lifestyles of the affluent middle class -- high meat intake, frozen and convenience foods, electric household appliances, cars, air conditioning, suburban housing -- all this has to go. The world's ecosystems can be preserved only by lowering our standard of living by rationing, taxation, and political domination by world government.
Reading this section will forever change the way in which you view government. Yet, says Griffin, this perverted, power-mad Insider fix need not prevail. None of these dreadful things needs to happen. He outlines a procedure by which the Federal Reserve can be abolished, the national debt paid, and the country returned to a sound monetary system based on silver and gold. All that is needed are the efforts of concerned and caring Americans. Griffin invites us to join him in freeing ourselves from the one-world conspirators. It can be done.
To order: "The Creature From Jekyll Island" send $19.50 + $2.00 shipping to:
American Opinion Book Services
P.O. Box 8040
Appleton, WI 54913
or by credit card: 414-749-3783
G. Edward Griffin will be in a city near you, for details call: 414-749-3780
Billions for the Bankers Debts for the People The Real Story of the Money Control Over America by Sheldon Emry http://www.davidicke.com/icke/magazine/vol-2/billions.html
"....and the truth shall set you free!
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 Christian Statesmen 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 on us the "evil" of which God's Word 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 farmland, 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, who understood both money and God's Laws, 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, htmALL 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 Conquest or Consent, by W. B. Uennard). 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 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. [In 1995, the total Federal Debt has grown to over $5 trillion, with an annual interest payment of $203 billion, 14% of the federal budget. -Ed] 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 "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 origina1 $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 Monoply 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 so depressed, while the banks reap billions in interest from corporate loans. In effect, the bankers get almost all of the profits, while individual stock holders are left holding the bag.
The millions of working famlies 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 aiways 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 tota1 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 origina1 $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. Proverbs 22:7 has come to pass in America. The borrowers have become the servants of the lenders. No wonder God Almighty forbids interest on loans.
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.
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 $228 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 totalled over $6 trillion, 3 times the value of all land and buildings in America.
lf we signed over to the money-lenders 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 in ever-increasiag 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, hnme, 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 there 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!
And There's 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, racial intermarriage, sexual promiscuity, abortion, pornography, and crime. Everything which debilitates the minds and bodies of the peeple 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. How true Solomon's words are: "The rich ruleth over the poor, and the borrower is servant to the lender" (Proverbs 22:7).
God Almighty warned in the Bible that one of the curses which would come upon His People for disobeying His Laws was:
The stranger that is within thee shall get up above thee very high; and thou shalt come down very low. He shall lend to thee, and thou shalt not lend to him; he shall be the head, and thou shalt be the tail [Deut. 28: 44-45].
Most of the owners of the largest banks in America are of Eastern European ancestry and connected with the Rothschild European banks. Has that warning come to fruition in America?
Let us now consider the correct method of providing the medium of exchange (money) needed by our people.
The Constitutional Way -- Every Citizen A Stockholder
If we would have used the Consistutional way of "creating" the money needed in the nation, the Federal Congress would spend most of its time and study on the issuance and control of an adequate supply of stable money for the people. If an increase of population and production required an increase in the medium of exchange, Congress would authorize the "coining," (i.e., printing) of the determined amount. Some could be used to pay current legitimate expenses of the Federal Government, with the balance paid directly to the citizens. Records for payment would be similar to Social Security records, except a citizen would be recorded at birth, instead of when he first goes to work. Each person on the records as of the date of the Congressional authorization would receive an equal amount just as if he were a stockholder holding one share. Just think -- a payment of only $20 to each citizen would put $4 billion of debt-free and interest-free money into circulation.
Such a suggestion always scares the Bankers. Their propagandists will immediately cry, "printing press money," and warn that it would soon be "worthless" and would "cause inflation."
The truth is their immense usury charges on their "created" credit (our debt) is the sole cause of "inflation." All prices on all industry, trade and labor must be raised periodically to pay the ever increasing usury charges. That is the ONLY cause of higher prices, and the money-changers spend millions in propaganda to keep you from realizing that.
The money-creators (Bankers) know that if we ever tried a Constitutional issue of debt-free, interest-free currency, even a limited issue, the benefits would be apparent immediately. That they must prevent. Abraham Lincoln was the last President to issue such debt-free and interest-free currency (in 1863) and he was assassinated shortly thereafter. (Not quite accurate - president John Fitzgerald Kennedy in 1963 ordered the issue of our own debt free money - United States Notes - In November of that year, he got his answer from the Fed Res - swift and through the head)
No Banker's Plunder
Under a Constitutional system no private banks would exist to rob the people. Government banks under the control of the people's representatives would issue and control all money and credit. They would issue not only actual currency, but could lend limited credit at no interest for the purchase of capital goods, such as homes. A $60,000 loan would require only $60.000 repayment, not $255,931 as it is now. Everyone who supplied materials and labor for the home would get paid just as they do today, but the Bankers would NOT get $195,931 in usury, AND THAT IS WHY THEY RIDICULE AND DESTROY ANYONE SUGGESTING GOVERNMENT (CITIZENS') MONEY WITHOUT INTEREST AND WITHOUT DEBT.
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 rivalled 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 loaas to their citizens today. The Saracean Empire forbad 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 deht-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 gold and without debt, and it took the whole Capitalist and Communist world tn 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."
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 a 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. Thousands 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 peopie 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 Government!
Love of Country, compassion for your Race, 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 "governent-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 pamphlet has given you the truth about their iniquitous system. What you do with it is in your hands, as in the hands of Divine Providence. "The fear of man bringeth a snare; but whoso putteth his trust in the Lord shall be safe (Proverbs 29: 25).
May Jesus Christ both enlighten and have mercy on America.
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 all of the politicians of the two old parties and elected officials. All "educational" groups like the League of Women Voters, the Heritage Foundation and the American Civil Liberties Union (ACLU). All news services, such as the Associated Press and the United Press International. All daily newspapers, including the New York "Times" and Los Angeles "Times." All weekly "news" magazines, such as "Time" and "Newsweek." All economics and history professors at all colleges and universities. All financial newsletter publishers. All labor leaders. All televangelists, your local minister, priest or rabbi. All of the above and more are hiding the truth from you.
Fortunately, groups of patriots in every state know the truth and are fighting the bankers' plans to dump our Constitution into the UN garbage pail.
When the credit/debt bubble is pricked by the bankers they will foreclose on America. Then, they will own it all. There may be a "managed chaos" -- riots and terrorism -- to alarm the people with the fear of anarchy as the bankers prepare to impose a communistic dictatorship on America as the "solution" for the problems they, themselves, have created.
Only an educated people will be able to resist the lies of the bankers' stooges. This is why it is important for you to know the truth about how the bankers make billions for themselves and bring debts to the people.
This study on money is not copyrighted. It may be reproduced in whole or in part for the purpose of helping the American people.
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time, a legal system that authorizes it and a moral code that glorifies it."-Frederic Bastiat (1801-1850) Economic Sophisms GOD, THE DEVIL AND LEGAL TENDER
Rousas John Rushdoony
To view the idea of legal tender theologically seems strange to the modern (and humanistic) mind, but it was once an important issue in the United States. The legal tender doctrine holds that the power to define legal money belongs to the state, and the state can therefore declare what constitutes legal money for the payment of all debts, public and private.
The Rev. John Witherspoon attacked the idea very early. It was unnecessary for any state to require people to accept good money. Gold and silver were always acceptable. A legal tender law simply requires people to accept bad money, and it does take civil coercion to make bad money, acceptable. The U.S. Constitution, Article 1, Section 10, states that no state can make "anything but gold and silver coin a tender in payment of debts." The Federalist, no. 44, gives us Madison's opposition to paper money. Patrick Henry opposed paper money, and Daniel Webster argued that a legal tender law is unconstitutional.
It was the lexicographer and Calvinist Noah Webster who spoke most bluntly. In 1790, Webster called a tender law "the devil." He warned, "My countrymen, the devil is among you." Of legislators who favored legal tender laws, he said that honest men should exclaim, "You are rogues, and the devil is in you!" Legal tender laws, he pointed out, were the preliminary to adulterated money, and all those who favored them were counterfeiters, deserving of the gallows, or at least the whipping-post! Legal tender laws allow good debts to be paid with bad money, so that a debt is paid with only a fraction of the value it was contracted for. The result is a form of legalized theft, Webster held. He declared in part, "Remember that past contracts are sacred things; that legislatures have no right to interfere with them, they have no right to say that a debt shall be paid at a discount, or in any manner which the parties never intended. It is the business of justice to fulfill the intentions of parties in contracts, not to defeat them. To pay bona fide contracts for cash, in paper of little value, or in old horses, would be a dishonest attempt in an individual; but for legislatures to frame laws to support and encourage such detestable villainy is like a judge who should inscribe the arms of a rogue over the seat of justice." Why did Webster see legal tender laws as the devil manifested in law? We cannot understand the legal revolution wrought by humanism unless we understand that fact.
For Webster and others, gold and silver represented natural and hence a God-given order of things, whereas legal tender creates an arbitrary value which can only stand with coercion. Values are God-created, not man or state created. The temptation of Satan in the beginning was to doubt God's order: "Yea, hath God said?" (Gen.3:l . Rather, the tempter suggested a new order in which man creates his own laws, values, and morality: every man shall be his own god, determining or knowing good and evil for himself (Gen. 3:5). ln such a society, the state as man incarnate can set aside God's laws and make its own laws.
It can issue a legal tender law and require obedience to it.(In God's natural order, there is no need to require the use of gold and silver; they commend themselves and are in demand.) The essence of the theocracy as Scripture's law presents it is that the state is at best minimal. A. J. Nock saw the Old Testament design as one for government, not a state. Repeatedly, God declares, This do, and live (Deut. 5:33, etc.). God's law is the way of faith and life, whereas "he that sinneth against me wrongeth his own soul: all they that hate me love death" (Prov. 8:36).
Legal tender laws are thus the tip of an iceberg. They represect a man-made world, one in which the state, by total coercion, seeks to overthrow God's order and to replace it with a humanistic one. In this new order of things, the state is the new god walking on earth, and demanding totalitarian powers and command. There is a symbolic significance that, not too many years after taking a deliberately statist course with respect to money and banking, the United States, on its dollar bills, featured a new symbol and the Latin words proclaiming the new order of the ages. That new order is statist tyranny. Legal tender laws thus cannot be viewed in isolation. Churchmen show no interest in them, although they are a clear manifestation of humanism in economics. On the other hand, economists see legal tender laws in isolation from theology, although they are a clear expression of that new established religion, humanism. Both are manifesting tunnel vision and are failing to recognize the roots of the problem.
Noah Webster saw the issue; it is a moral and theological issue. Webster saw, and again and again called, legal tender laws "the devil." He saw what these laws represented, "a deliberate act of villainy," a contempt for God's justice, the legislation of theft into law, and the deliberate conversion of the state into an instrument for theft and evil. He was right. THOSE FORCED TO ACCEPT LEGAL TENDER ARE SLAVES TO THOSE WHO WIELD THE FORCE.
Rousas John Rushdoony
If Jesus Lived in DC
The Gospel According to St. Lobbyist
"I've gathered the disciples here today to discuss our approach to the issue of the moneychangers in the temple. Many of us are very concerned about this, and have been for a long time.
Now, some of you have been calling for driving the moneychangers from the temple. I want you to know that we share your concern. Every one of us here is against the presence of the moneychangers in the temple. We are as much against the presence of the moneychangers in the temple as you are. I want everyone here to be absolutely clear about this.
But we have to be realistic. The moneychangers are in the temple. They have been in the temple for a long time. Quite likely, they will always be there. The presence of the moneychangers in the temple is supported by the Roman consul. There is no way that the Roman consul is going to withdraw his support, and thus, no way to drive the moneychangers from the temple. Even if we could succeed in driving the moneychangers from the temple, they would be back the next day, supported by Roman troops. Is that what you want? Isn't it bad enough to have moneychangers in the temple, without having Roman troops there as well?
I am not saying we should not do anything about the moneychangers in the temple. As I said, we are all totally against their presence. But we have to limit ourselves to what is feasible. There is no point in advocating things that the Roman consul is going to reject out of hand.
Now I have been meeting with the Roman consul, and I have also been meeting with the moneychangers. I'm pleased to report that the consul is not insensitive to our concerns. He understands that the difficulties we have with the moneychangers. And I think that he would support significant reforms of their presence, if we are careful to moderate our demands, and work with the moneychangers towards reform. The moneychangers also understand that they need to reform.
You are all aware that the issue of the moneychangers has been the subject of a lot of discussion recently. I think that there is a real opportunity for us here. I have suggested to the consul that we would accept an increase in the number of moneychangers in the temple, and in the hours of their operation, if the consul would urge them to behave a little better on the Sabbath. I think this is our best opportunity to actually improve the lives of people using the temple.
I know that some of you have been meeting with members of the Roman Senate, and that many Senators are no longer interested in subsidizing the presence of the moneychangers. Some of you hope to cut off funding for the moneychangers. I warn you that this is a foolhardy strategy. The Roman Senators don't care about our temple. They are only interested in the issue for their own selfish, opportunistic reasons. They are simply pandering to the Roman taxpayers who don't care what happens in Palestine. The consul, on the other hand, cares a great deal about what happens here. Even the moneychangers are showing signs of reform. We have to be patient. Change will take time.
I know that this will not satisfy some of you. But again, I urge you to be realistic. Maybe some day we will succeed in driving the moneychangers from the temple. But this is not feasible at the moment."
"NOTABLE QUOTATIONS" Pertinent to our Times - The Power of Money -
"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war." ~ Abraham Lincoln - In a letter written to William Elkin less than five months before he was assassinated.
"We have stricken the (slave) shackles from four million human beings and brought all laborers to a common level not so much by the elevation of former slaves as by practically reducing the whole working population, white and black, to a condition of serfdom. While boasting of our noble deeds, we are 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." ~ Horace Greeley - (1811-1872) founder of the New York Tribune
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time, a legal system that authorizes it and a moral code that glorifies it." ~ Frederic Bastiat - (1801-1850) in his book Economic Sophisms
"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 [the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." ~ 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." ~ Thomas Jefferson
If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses;
And the sixteenth being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers;
And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on 'til the bulk of the society is reduced to be mere automatons of misery, to have no sensibilities left but for sinning and suffering...
And the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression. ~ Thomas Jefferson
"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." ~ Woodrow Wilson
Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." ~ Woodrow Wilson - In his book entitled The New Freedom (1913)
"The fact is that there is a serious danger of this country becoming a pluto-democracy; that is, a sham republic with the real government in the hands of a small clique of enormously wealth men, who speak through their money, and whose influence, even today, radiates to every corner of the United States." ~ William McAdoo - President Wilson's national campaign vice-chairman, wrote in Crowded years (1974)
"This is a government of the people, by the people and for the people no longer. It is a government of corporations, by corporations, and for corporations." ~ President Rutherford B. Hayes
Global production is not beginning to employ the growing number of people who want jobs. Even those with jobs find that the pressures of globalization are pushing wages down....This flow (of money), coupled with the ease with which companies move jobs around the globe, has shattered the ability of national governments to control their own economies....The trends can only accelerate...(resulting in) even moral outrage...where traditional ways of life are under assault by international forces. This understandable reaction, by people who have lost control of their lives to vast impersonal forces, is not more than a futile gesture in a world where no country can afford the luxury of dropping out." ~ R.C. Longworth - Chicago Tribune senior writer (March 27, 1994) in a review of a book entitled: Global Dreams: Imperial Corporations and the New World Order by Richard Barnet and John Cavanagh
"The balance of power has shifted in recent years from territorially bound governments to companies that can roam the world." ~ Richard Barnet and John Cavanagh in Global Dreams:Imperial Corporations and the New World Order
"The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world." ~ Prof. Carroll Quigley in his book Tragedy and Hope
"In a small Swiss city sits an international organization so obscure and secretive....Control of the institution, the Bank for International Settlements, lies with some of the world's most powerful and least visible men: the heads of 32 central banks, officials able to shift billions of dollars and alter the course of economies at the stroke of a pen." ~ Keith Bradsher of the New York Times, August 5, 1995
"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." ~ Sir Josiah Stamp - President of the Bank of England in the 1920's, and the second richest man in Britain.
"The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements....The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States....The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it." ~ Rep. Louis McFadden - (Chairman of the House Committee on Banking and Currency) quoted in the New York Times (June 1930)
"[The Great Depression resulting from the Stock Market crash] was not accidental. It was a carefully contrived occurrence....The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all." Rep. McFadden testified in Congress (1933). There were at least two attempts on his life by gunfire. He died of suspected poisoning after attending a banquet.
"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." ~ Rep. Louis McFadden
"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." ~ Robert H. Hemphill, Credit manager of Federal Reserve Bank, Atlanta, Georgia
"History shows that the money changers have used every form of abuse, intrigue, deceit and violent means possible to maintain control over governments by controlling the money and the issuance of it." ~ President James A. Madison
"Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break." ~ Money baron Bernard Baruch in Baruch: The Public Years (1960)
"Permit me to issue and control the money of a nation and I care not who makes the laws..." ~ Mayer Amschel Rothschild (1744-1812)
"Give me control over a man's economic actions, and hence over his means of survival, and except for a few occasional heroes, I'll promise to deliver to you men who think and write and behave as I want them to." ~ Benjamine A. Rooge
"The few who can understand the system (Federal Reserve) will be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." ~ Rothschild Brothers of London
"The Federal Reserve Bank is nothing but a banking fraud and an unlawful crime against civilization. Why? Because they "create" the money made out of nothing, and our Uncle Sap Government issues their "Federal Reserve Notes" and stamps our Government approval with NO obligation whatever from these Federal Reserve Banks, Individual Banks or National Banks, etc." ~ H.L. Birum, Sr. American Mercury August 1957, p. 43
"[The] abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holdings illegal, as was done in the case of gold.... The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.... [This] is the shabby secret of the welfare statist's tirades against gold. Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights." ~ Alan Greenspan [now Fed Chairman] wrote in 1966
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs." ~ President Thomas Jefferson
"I consider the foundation of the Constitution as laid on this ground that "all powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are preserved to the states or to the people. " ... To take a single step beyond the boundaries thus specially drawn around the powers of Congress is to take possession of a boundless field of power, no longer susceptible of any definition. The incorporation of a bank, and the powers assumed by this bill (chartering the first Bank of the United States), have not, been delegated to the United States by the Constitution." ~ Thomas Jefferson - in opposition to the chartering of the first Bank of the United States (1791).
"All the perplexities, confusion, and distress in America arise, not from defects in the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation." ~ President John Adams
"The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes." Abraham Lincoln
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." ~ President James A. Garfield
These statements were made during hearings of the House Committee on Banking and Currency, September 30, 1941. Members of the Federal Reserve Board call themselves "Governors". Governor Eccles was Chairman of the Federal Reserve Board at the time of these hearings.
Congressman Patman: "How did you get the money to buy those two billion dollars worth of Government securities in 1933?"
Governor Eccles: "Out of the right to issue credit money."