-
- "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 thatwill grow up around them
(around the banks), will deprive the people of their propertyuntil 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 tobe short of money. Wives are working
in unprecedented numbers, husbands hope for overtimehours to earn more,
or take part-time jobs evenings and weekends, children look for oddjobs
for spending money, the family debt climbs higher, and psychologists say
one of thebiggest causes of family quarrels and breakups is "arguments
over money." Muchof this trouble can be traced to our present "debt-money"
system. Too fewAmericans realize why our founding fathers wrote into Article
I of the U.S. Constitution:Congress shall have the Power to Coin Money
and Regulate the Value Thereof.
-
- They did this, as we will show, in prayerful
hope it would prevent "love ofmoney" from destroying the Republic
they had founded. We shall see how subversion ofArticle I has brought upon
us the horrors of which Jefferson had warned.
-
- MONEY IS MAN'S ONLY "CREATION"
-
- Economists use the term "create"
when speaking of the process by which moneycomes into existence. Now, creation
means making something that did not exist before.Lumbermen make boards
from trees, workers build houses from lumber, and factoriesmanufacture
automobiles from metal, glass and other materials. But in all these they
didnot "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, manactually "creates" something out of
nothing. A piece of paper of little value isprinted so that it is worth
a piece of lumber. With different figures it can buy theautomobile or even
the house. Its value has been "created" in the true meaningof
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 hardto 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 isconsidered good business. But
money "manufacturers" have no limit on theirprofits, 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 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 manyother things, but without money
industry would grind to a halt, farms would become onlyself-sustaining
units, surplus food would disappear, jobs requiring the work of more thanone
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 exceptfamily 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 theinstrument by which one
product is sold and another purchased. Remove money or even reducethe 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 theearly 1930's.
-
- THE BANKERS DEPRESSION OF
THE 1930's
-
- In 1930 America did not lack industrial
capacity, fertile-farm land, skilled and willingworkers or industrious
farm families. It had an extensive and highly efficienttransportation 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
ravagedthe cities or the countryside, no pestilence weakened the population,
nor had faminestalked the land. The United States of America in 1930 lacked
only one thing: an adequatesupply 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 andfarms.
-
- Payments on existing loans were required
however, and money rapidly disappearedfrom circulation. Goods were available
to be purchased, jobs waiting to be done, but thelack 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 offarms,
homes, and business properties. The people were told, "times are hard,"
and "money is short." Not understanding the system, they were
cruelly robbed oftheir 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 hadno loans for peacetime houses,
food and clothing, suddenly had unlimited billions to lendfor Army barracks,
K-rations and uniforms! A nation that in 1934 couldn't produce food forsale,
suddenly could produce bombs to send free to Germany and Japan! (More on
this riddlelater.)
-
- 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" wasover! Some politicians
were blamed for it and others took credit for ending it. The truthis the
lack of money (caused by the Bankers) brought on the depression, and adequate
moneyended 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 theircontrol 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, wecan better understand why
our Founding Fathers insisted on placing the power to"create"
money and the power to control it ONLY in the hands of the FederalCongress.
They believed that ALL citizens should share in the profits of its"creation"
and therefore the national government must be the ONLY creator ofmoney.
They further believed that ALL citizens, of whatever State or Territory,
or stationin life would benefit by an adequate and stable currency and
therefore, the nationalgovernment 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 thecitizens at the ballot box, it was,
to their minds, the only safe depository of so muchprofit 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 intocirculation, we now have an entirely
unconstitutional system. This has resulted in almostdisastrous conditions,
as we shall see.
-
- Since our money was handled both legally
and illegally before 1913, we shallconsider only the years following 1913,
since from that year on, ALL of our money has beencreated and issued by
an illegal method that will eventually destroy the United States ifit 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 beenknown as the FEDERAL RESERVE ACT. (For the full
story of how this infamous legislation wasforced through our Congress,
read The Creature from Jekyll Island,by G. Edward Griffin or Conquest or
Consent, by W. B. Vennard).Omitting the burdensome details, it simply authorized
the establishment of a FederalReserve Corporation, with a Board of Directors
(The Federal Reserve Board) to run it, andthe 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 fanfareand 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 knowtoday, that the Federal Reserve Corporation is a private corporation
controlled by bankersand therefore is operated for the financial gain of
the bankers over the people ratherthan for the good of the people. The
word "Federal" was used only to deceive thepeople.
-
- MORE DISASTROUS THAN PEARL
HARBOR
-
- Since that "day of infamy,"
more disastrous to us than Pearl Harbor, the smallgroup of "privileged"
people who lend us "our" money have accrued tothemselves 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 ownpersonal
property, they then lend to our government and our people at interest.
"Therich get richer and the poor get poorer" had become the secret
policy of our NationalGovernment. An example of the process of "creation"
and its conversion topeople'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 ithas taken from its citizens
in taxes, needs, for the sake of illustration, $1,000,000,000.Since it
does not have the money, and Congress has given away its authority to"create"
it, the Government must go the "creators" for the $1 billion.But,
the Federal Reserve, a private corporation, doesn't just give its money
away! TheBankers are willing to deliver $1,000,000,000 in money or credit
to the Federal Governmentin exchange for the Government's agreement to
pay it back - with interest! So Congressauthorizes 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 billsare
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 havetaken place since 1913 so that by the 1980's,
the U.S. Government is indebted. to theBankers for over $1,000,000,000,000
(trillion) on which the people pay over $100 billion a year in interest
alone with no hope of ever paying off the principal. Supposedly ourchildren
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 thesordid story. Under this
unholy system, those United States Bonds have now become"assets"
of the Banks in the Reserve System which they then use as"reserves"
to "create" more "credit" to lend. Current"fractional
reserve" requirements allow them to use that $1 billion in bonds to"create"
as much as $15 billion in new "credit" to lend to States,Municipalities,
to individuals and businesses. Added to the original $1 billion, theycould
have $16 billion of "created credit" out in loans paying them
interestwith their only cost being $1,000 for printing the original $1
billion! Since the U.S.Congress has not issued Constitutional money since
1863 (over 100 years), in order for thepeople to have money to carry on
trade and commerce they are forced to borrow the"created credit"
of the Monopoly Bankers and pay them usury-interest!
-
- AND THERE'S STILL MORE
-
- In addition to the vast wealth drawn
to them through this almost unlimited usury, theBankers who control the
money at the top are able to approve or disapprove large loans tolarge
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. Afterdepressing the price, the Bankers' agents buy large
blocks of the stock, after which thesometimes multi-million dollar loan
is approved, the stock rises, and is then sold for aprofit. In this manner
billions of dollars are made with which to buy more stock. Thispractice
is so refined today that the Federal Reserve Board need only announce to
thenewspapers an increase or decrease in their "rediscount rate"
to send stocks upand down as they wish. Using this method since 1913, the
Bankers and their agents havepurchased 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 thatcorporation
earnings are siphoned off in the form of interest to the banks. This leaveslittle
as actual "profits" which can be paid as dividends and explains
why stockprices are often depressed, while the banks reap billions in interest
from corporate loans. In effect, the bankers get almost all of the profits,
while individual stockholdersare left holding the bag.
-
- The millions of working families of America
are now indebted to the few thousandBanking Families for twice the assessed
value of the entire United States. And theseBanking Families obtained that
debt against us for the cost of paper, ink, andbookkeeping!
-
- THE INTEREST AMOUNT IS NEVER
CREATED
-
- The only way new money (which is not
true money, but is "credit" representing adebt), goes into circulation
in America is when it is borrowed from Bankers. When theState 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 amountneeded
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 doesnot exist!
-
- Under this kind of a system, where new
debt always exceeds the new money nomatter how much or how little is borrowed,
the total debt increasingly outstrips theamount 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 acitizen goes to a Banker to borrow $60,000 to purchase
a home or a farm, the Bank clerkhas the borrower agree to pay back the
loan plus interest. At 14% interest for 30 years,the Borrower must agree
to pay $710.92 per month for a total of $255,931.20. The clerkthen requires
the citizen to assign to the Banker the right of ownership of the propertyif
the Borrower does not make the required payments. The Bank clerk then gives
theBorrower a $60,000 check or a $60,000 deposit slip crediting the Borrower's
checkingaccount with $60,000.
-
- The Borrower then writes checks to the
builder, subcontractors, etc., who inturn 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 theinterest 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 INCIRCULATION when he borrowed
the original $60,000! (By the way, it is this interest whichcheats 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 smallsum to the total money supply when
he borrows, but the payments on the loan (because ofinterest) 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 paythe principal and interest, the
money in circulation disappears. All they can do isstruggle against each
other, borrowing more and more from the money-lenders eachgeneration. 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 thewhole working population.
-
- SMALL LOANS DO THE SAME THING
-
- If you haven't quite grasped the impact
of the above, let us consider a small auto loanfor 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 hewill 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), youcan see why America
has gone from a prosperous, debt-free nation to a debt-ridden nationwhere
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 morethan the combined earnings of 25% of the working people.
Soon it will be 50% and continueup.
-
- THIS IS WHY BANKERS PROSPER
IN GOOD TIMES OR BAD
-
- In the millions of transactions made
each year like those above, little actual currencychanges hands, nor is
it necessary that it do so. 95% of all "cash" transactionsin
the U.S. are by check, so the Banker is perfectly safe in "creating"
thatso-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 dollarsin salaries and office costs for
each transaction. It is "check-kiting" on anenormous scale. The
profits increase rapidly, year after year, as shown below.
-
- These are a few taken from Arizona newspapers
in January, 1979.
-
- * Valley Bank posts 49% gain in profits
-
- * Gains of 49 percent in net income
and 51 percent in operating income wereposted last year by Valley National
Bank.
-
- * Those gains brought net income to
$33,969,-000' in the year ended Dec..31and operating income to $34,459.000.
The year before those totals were $22,836.000 and$22,807,000 respectively.
-
- * Bank's profits rise 21% Arizona Bank
announced on Monday it had achieved a 21.2 percent increase in net income
in1978 over 1977. On the basis of operating income, excluding the 1977
sale of the ArizonaBank Building for $l,336,369, the bank said the increase
was 43.9 percent.
-
- * Tostenrud said loans and deposits
increased in the last year: Deposits 18.8percent to $1.353 billion and
loans 21.9 percent to $951 million.
-
- THE COST TO YOU? EVENTUALLY,
EVERYTHING!
-
- In 1910 the U.S. Federal debt was only
$1 billion, or $12.40 per citizen. State and localdebts were practically
non-existent.
-
- By 1920, after only 6 years of Federal
Reserve shenanigans, the Federal debt hadjumped to $24 billion, or $226
per person.
-
- In 1960 the Federal debt reached $284
billion, or $1,575 per citizen and Stateand local debts were mushrooming.
-
- By 1981 the Federal debt passed $1 trillion
and was growing exponentially as theBanker's tripled the interest rates.
State and local debts are now MORE than the Federal,and with business and
personal debts totaled over $6 trillion, 3 times the value of allland and
buildings in America.
-
- If we signed over to the money-leaders
all of America we would still owe them 2more Americas (plus their usury,
of course!)
-
- However, they are too cunning to take
title to everything. They will insteadleave you with some "illusion
of ownership" so you and your children willcontinue to work and pay
the Bankers more of your earnings on ever-increasing debts. The"establishment"
has captured our people with their ungodly system of usury anddebt 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 willinexorably transfer all wealth in
the nation to the receiver of interest, imagine yourselfin 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 tradeand business) will decrease rapidly.
-
- The game will get low on chips, and some
will run out. If they want to continueto play, they must buy or borrow
them from the "banker." The "banker"will sell (lend)
them ONLY if the player signs a "mortgage" agreeing to give the"banker"
some real property (car, home, farm, business, etc.) if he cannot makeperiodic
payments to pay back all of the chips plus some EXTRA ones (interest).
Thepayments 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 thevery 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 noneis 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
ourearnings from us and pay it back to the Bankers with interest. We are
forced to play thegame, and none can leave except by death. We pay as long
as we live, and our children payafter we die. If we cannot pay, the same
government sends the police to take our propertyand 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,
allgames are "rigged" to pay the owner a percentage, and they
rake in millions. TheFederal 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 retailsale 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 alwaysspend more tax money than
they take in should now see the reason. When they begin to studyour "debt-money"
system, they soon realize that these politicians are not theagents 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 hadbeen "creating," and spending or issuing into
circulation the necessary increasein the money supply, THERE WOULD BE NO
NATIONAL DEBT, and the over $4 Trillion of otherdebts 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 almostnil.
Money, once in circulation, would remain their and go on serving its purpose
as amedium of exchange for generation after generation and century after
century, just ascoins 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 periodicwars. We as a people are now ruled
by a system of Banker-owned Mammon that has usurped themantle of government,
disguised itself as our legitimate government, and set about to pauperize
and control our people. It is now a centralized, all-powerful politicalapparatus
whose main purposes are promoting war, spending the peoples' money, andpropagandizing
to perpetuate itself in power. Our two large political parties have becomeits
servants, the various departments of government its spending agencies,
and theInternal Revenue its collection agency.
-
- Unknown to the people, it operates in
close cooperation with similar apparatusesin other nations. which are also
disguised as "governments." Some, we are told,are friends. Some,
we are told, are enemies. "Enemies" are built up throughinternational
manipulations and used to frighten the American people into going billionsof
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 politiciansgive our food, goods, and money to Banker-controlled
alien governments under the guise of"better relations" and "easing
tensions." Our Banker-controlledgovernment takes our finest and bravest
sons and sends them into foreign wars withobsolete equipment and inadequate
training, where tens of thousands are murdered, and hundreds of thousands
are crippled. Other thousands are morally corrupted, addicted todrugs,
and infected with venereal and other diseases, which they bring back to
the UnitedStates. When the "war" is over, we have gained nothing,
but we are scores ofbillions of dollars more in debt to the Bankers, which
was the reason for the"war" in the first place!
-
- BUT WAIT... THERE'S STILL
MORE
-
- The profits from these massive debts
have been used to erect a complete and almost hiddeneconomic and political
colossus over our nation. They keep telling us they are trying todo 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 deliberatelyprevent real cures for diseases, they degrade
our educational systems, and they stir upsocial and racial unrest. For
the same reason they favor drug use, alcohol, sexualpromiscuity, abortion,
pornography, and crime. Everything which debilitates the minds andbodies
of the people is secretly encouraged, as it makes the people less able
to opposethem or even to understand what is being done to them.
-
- Family, morals, love of Country, the
Christian religion, all that is honorableis 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 politicalorder,
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 agentsin the land our fathers conquered. It is conquest
through the most gigantic fraud andswindle in the history of mankind. And
we remind you again: The key to their wealth andpower over us is their
ability to create "money" out of nothing and lend it tous at
interest. If they had not been allowed to do that, they would never have
gainedsecret control of our nation. "The rich ruleth over the poor,
and the borrower isservant to the lender" (Proverbs 22:7).
-
- Let us now consider the correct method
of providing the medium of exchange (money) needed by our people.
-
- INTEREST-FREE MONEY
-
- History tells us of debt-free and interest-free
money issued by governments. The Americancolonies did it in the 1700's
and their wealth soon rivaled England and broughtrestrictions from Parliament,
which led to the Revolutionary War. Abraham Lincoln did itin 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 sincethen.
Several Arab nations issue interest-free loans to their citizens today.
The SaracenEmpire for bad interest on money for 1,000 years, and its wealth
outshone even SaxonEurope. Mandarin China issued its own money, interest-free
and debt-free, and historiansand collectors of art today consider those
centuries to be China's time of greatestwealth, culture and peace.
-
- Germany issued debt-free and interest-free
money from 1935 and on, accountingfor its startling rise from the depression
to a world power in 5 years. Germany financedits entire government and
war operation from 1935 to 1945 without debt, and it took thewhole Capitalist
and Communist world to destroy the German power over Europe and bring Europe
back under the heel of the Bankers. Such history of money does not even
appear inthe textbooks of public (government) schools today.
-
- Issuing money which doesn't have to be
paid back in interest leaves the moneyavailable to use in the exchange
of goods and services and its only continuing cost isreplacement as the
paper wears out. Money is the paper ticket by which such transfers aremade
and should always be in sufficient quantity to transfer all possible production
ofthe 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 "Ourplanes are flying, but we
can't take you because we are short of tickets."
-
- NO MORE BANKERS' PLUNDER
-
- Under the present debt-usury system,
the extra burden of usury forces workers andbusinesses to demand more money
for the work and goods to pay their ever-increasing debtsand taxes. This
increase in prices and wages is called "inflation." Bankers,politicians
and "economists" blame it on everything but the real cause, which
isthe usury levied on money and debt by the Bankers. This "inflation"
benefits the money-lenders, since it wipes out savings of one generation
so they cannot finance or helpthe next generation, who must then borrow
from the money-lenders, and pay a large part oftheir life's labor to the
usurer.
-
- With an adequate supply of interest-free
money, little borrowing would be required and prices would be established
by people and goods, not by debts and usury.
-
- CITIZEN CONTROL
-
- If the Federal Congress failed to act,
or acted wrongly, in the supply of money, thecitizens would use the ballot
or recall petition to replace those who prevented correctaction with others
whom the people believe would pursue a better money policy. Since thecreation
of money and its issuance in sufficient quantity would be one of the few
functions of Congress, the voter could decide on a candidate by his stand
on money,instead of the hundreds of lesser, and deliberately confusing,
subjects which arepresented to us today. And since money is, and would
remain, a national function, localdifferences or local factions would not
be able to sway the people from the nation's (citizens') interest. All
other problems, except the nation's defense, would be taken careof in the
State, County, or City governments where they are best handled and most
easilycorrected.
-
- An adequate national defense would be
provided by the same citizen-controlledCongress, and there would be no
Bankers behind the scenes, bribing politicians to give$200 billion of American
military equipment to other nations, disarming us, while aliennations prepare
to attack and invade the United States of America.
-
- A DEBT-FREE AMERICA
-
- With debt-free and interest-free money,
there would be no high and confiscatory taxation,our homes would be mortgage
free with no $10,000-a-year payments to the Bankers, nor wouldthey get
$1,000 to $2,500 per year from every automobile on our roads. We would
need no "easy payment" plans, "revolving" charge accounts,
loans to pay medical or hospital bills, loans to pay taxes, loans to pay
for burials, loans to payloans, nor any of the thousand and one usury-bearing
loans which now suck the life-bloodof American families. There would be
no unemployment, divorces caused by debt, destituteold people, or mounting
crime, and even the so-called "deprived" classes wouldbe deprived
of neither job nor money to buy the necessities of life.
-
- Criminals could not become politicians,
nor would politicians become criminalsin the pay of the Money-lenders.
Our officials, at all government levels, would be workingfor the people
instead of devising means to spend more money to place us further in debtto
the Bankers. We would get out of the entangling foreign alliances that
have engulfed us in four major wars and scores of minor wars since the
Federal Reserve Act was passed,alliances which are now used to prevent
America from preparing her own defense in the faceof mounting danger from
alien powers.
-
- A debt-free America would mean mothers
would not have to work. With mother athome, juvenile delinquency would
decrease rapidly. The elimination of the usury and debtwould be the equivalent
of a 50% raise in the purchasing power of every worker. With thiscancellation
of all debts, the return to the people of all the property and wealth theparasitic
Bankers and their quasi-legal agents have stolen by usury and fraud, and
theending of their theft of $300 Billion (or more) every year from the
people, America wouldbe prosperous and powerful beyond the wildest dreams
of its citizens today. And we wouldbe at peace! (For a Bible example of
cancellation of debts to money lenders and restoration of property and
money to the people, read Nehemiah 5: 1-13.)
-
- WHY YOU HAVEN'T KNOWN
-
- We realize this small, and necessarily
incomplete, article on money may be charged withoversimplification. Some
may say that if it is that simple the people would have knownabout 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 beconsidered the year in which their previous plans
came to fruition, and the way opened forcomplete 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,
laborunion 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 publicopinion, elect whom they
will locally and nationally, and never expose the crooked moneysystem.
They promote school bonds, municipal bonds, expensive and detrimental farm
programs, "urban renewal," foreign aid, and many other schemes
which will putthe people more into debt to the Bankers. Thoughtful citizens
wonder why billions arespent 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 orcanals to irrigate
more farm land. Crazy or stupid? Neither. The goal is more debt. Thousand
of government-sponsored ways to waste money go on continually. Most make
nosense, but they are never exposed for what they really are, builders
of "billions forthe 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 aboutour money system.
Commentators on radio and TV, preachers, educators, and politiciansblame
the people as wasteful, lazy, or, spend-thrift, and blame the workers,
and consumersfor the increase in debts and the inflation of prices, when
they know the cause is thedebt-money system itself. Our people are literally
drowned in charges and counter-chargesdesigned to confuse them and keep
them from understanding the unconstitutional and evilmoney-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 toexpose 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 themto 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 ourpeople, 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 beencompletely successful
in preventing most Americans from learning the things you have readin this
pamphlet. However, in spite of their control of information, they realize
manycitizens are learning the truth. Therefore, to prevent violence or
armed resistance totheir plunder of America, they plan to register all
firearms and eventually to disarm allcitizens. 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 aBanker-owned world under a
Banker-owned World Governments!
-
- Love of Country and concern for your
children should make you deeply interestedin 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 alarger and larger
part of the annual earnings of the people and put them into the pocketsof
the Bankers and their political Agents. Increasing "government"
regulationswill prevent citizen protest and opposition to their control.
Is it possible that yourgrandchildren will own neither home nor car, but
will live in "government-owned"apartments and ride to work in
"government-owned" buses (both paying usury tothe Bankers), AND
BE ALLOWED TO KEEP JUST ENOUGH OF THEIR EARNINGS TO BUY A MINIMUM OFFOOD
AND CLOTHING while their Rulers wallow in luxury? In Asia and eastern Europe
it iscalled "communism;" in America it is called "Democracy"
and"Capitalism."
-
- America will not shake off her Banker-controlled
dictatorship as long as thepeople are ignorant of the hidden controllers.
International financiers, who control mostof the governments of the nations,
and most sources of information, seem to have uscompletely 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.
Thisarticle has given you the truth about their iniquitous system. What
you do with it is inyour hands.
-
- AUDIT THE FEDERAL RESERVE
SYSTEM?
-
- The Federal Reserve has never been audited
by the government since it took over our moneyand credit in 1913. In 1975
a bill, H.R. 4316, to require an audit was introduced inCongress.
-
- During the April, 1975 hearings, this
author submitted a statement favoring theaudit, 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 hascaused Americans and others
to spill oceans of blood, pay trillions of dollars interest onfraudulent
loans and burden themselves with unnecessary taxes?
-
- Who are "they"? "They"
are most of the politicians of thetwo old parties and elected officials.
Most "educational" groups like the League of Women Voters, the
Heritage Foundation and the American Civil Liberties Union (ACLU).All mainstream
news services, such as the Associated Press and the United PressInternational.
All mainstream daily newspapers, including the New York Timesand Los Angeles
Times. All mainstream weekly "news"magazines, such as "Time"
and "Newsweek." All of the above and morehave been hiding the
truth from you.
-
- WHAT SOME FAMOUS MEN HAVE
SAID
ABOUT THE MONEY QUESTION
-
- ALAN GREENSPAN: "In the absence
of the gold standard, there is no way to protect savings from confiscation
through inflation. ... This is the shabby secret of thewelfare statists'
tirades against gold. Deficit spending is simply a scheme for theconfiscation
of wealth. Gold stands in the way of this insidious process. It stands
as a protector of property rights. If one grasps this, one has no difficulty
in understandingthe statists' antagonism toward the gold standard."
-
- PRESIDENT THOMAS JEFFERSON: "The
system of banking [is] a blot left in all our Constitutions, which, if
not covered, will end in their destruction... I sincerelybelieve that banking
institutions are more dangerous than standing armies; and that theprinciple
of spending money to be paid by posterity... is but swindling futurity
on alarge scale."
-
- PRESIDENT JAMES A. GARFIELD: "Whoever
controls the volume of money in any country is absolute master of all industry
and commerce".
-
- CONGRESSMAN LOUIS McFADDEN: "The
Federal Reserve(Banks) are one of the mostcorrupt institutions the world
has ever seen. There is not a man within the sound of myvoice who does
not know that this Nation is run by the International Bankers".
-
- HORACE GREELEY: "While boasting
of our noble deeds were careful to conceal the ugly fact that by an iniquitous
money system we have nationalized a system ofoppression which, though more
refined, is not less cruel than the old system of chattelslavery.
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