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, ALL of our money has been created
and issued by an illegal method that will eventually destroy the United States if it is
not changed. Prior to 1913, America was a prosperous, powerful, and growing nation, at
peace with its neighbors and the envy of the world. But -- in December of 1913, Congress,
with many members away for the Christmas holidays, passed what has since been known as the
FEDERAL RESERVE ACT. (For the full story of how this infamous legislation was forced
through our Congress, read 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.] 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, home, farm, business, etc.) if he cannot make
periodic payments to pay back all of the chips plus some EXTRA ones (interest). The
payments must be made on time, whether he wins (makes a profit) or not.
It is easy to see that no matter how skillfully they play, eventually the
"banker" will end up with all of his original chips back, and except for the
very best players, the rest, if they stay in long enough, will lose to the
"banker" their homes, their farms, their businesses, perhaps even their cars,
watches, rings, and the shirts off their backs!
Our real-life situation is MUCH WORSE than any poker game. In a poker game none is
forced to go into debt, and anyone can quit at any time and keep whatever he still has.
But in real life, even if we borrow little ourselves from the Bankers, the local, State,
and Federal governments borrow billions in our name, squander it, then confiscate our
earnings from us and pay it back to the Bankers with interest. We are forced to play the
game, and none can leave except by death. We pay as long as we live, and our children pay
after we die. If we cannot pay, the same government sends the police to take our property
and give it to the Bankers. The Bankers risk nothing in the game; they just collect their
percentage and "win it all." In Las Vegas and at other gambling centers, all
games are "rigged" to pay the owner a percentage, and they rake in millions. The
Federal Reserve Bankers' "game" is also rigged, and it pays off in billions!
In recent years Bankers added real "cards" to their game. "Credit"
cards are promoted as a convenience and a great boon to trade. Actually, they are
ingenious devices by which Bankers collect 2% to 5% of every retail sale from the seller
and 18% interest from buyers. A real "stacked" deck!
Yes, It's Political, Too
Democrat, Republican, and Independent voters who have wondered why politicians always
spend more tax money than they take in should now see the reason. When they begin to study
our "debt-money" system, they soon realize that these politicians are not the
agents of the people but are the agents of the Bankers, for whom they plan ways to place
the people further in debt. It takes only a little imagination to see that if Congress had
been "creating," and spending or issuing into circulation the necessary increase
in the money supply, THERE WOULD BE NO NATIONAL DEBT, and the over $4 Trillion of other
debts would be practically non-existent. Since there would be no ORIGINAL cost of money
except printing, and no CONTINUING costs such as interest, Federal taxes would be almost
nil. Money, once in circulation, would remain 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.
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 loans 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 debt-free and interest-free money from 1935 and on, accounting for its
startling rise from the depression to a world power in 5 years. Germany financed its
entire government and war operation from 1935 to 1945 without 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 people are literally drowned in charges and counter-charges
designed to confuse them and keep them from understanding the unconstitutional and evil
money-system that is so efficiently and silently robbing the farmers, the workers, and the
businessmen of the fruits of their labors and of their freedoms.
When some few Patriotic people or organizations who know the truth begin to expose them
or try to stop any of their mad schemes, they are ridiculed and smeared as
"right-wing extremists," "super-patriots,"
"ultra-rightists," "bigots," "racists," even
"fascists" and "anti-semites." Any name is used which will cause them
to shut up or will at least stop other people from listening to the warning they are
giving. Articles and books such as you are now reading are kept out of schools, libraries,
and book stores.
Some, who are especially vocal in their exposure of the treason against our people, are
harassed by government agencies such as the EPA, OSHA, the IRS, and others, causing them
financial loss or bankruptcy. Using the above methods, they have been completely
successful in preventing most Americans from learning the things you have read in this
pamphlet. However, in spite of their control of information, they realize many citizens
are learning the truth. Therefore, to prevent violence or armed resistance to their
plunder of America, they plan to register all firearms and eventually to disarm all
citizens. They have to eliminate most guns, except those in the hands of their government
police and army.
Tell The People
The "almost hidden" conspirators in politics, religion, education,
entertainment, and the news media are working for a Banker-owned United States in a
Banker-owned world under a Banker-owned World 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. The best-organized and
most potent of these is Liberty Lobby, the nation's first citizens' action group, now 30
years old (300 Independence Ave., S.E., Washington, D.C. 20003).
To save your freedom and to keep abreast of the maneuverings of the internationalists,
and to learn what patriots all over the U.S. are doing to fight them, you should read The
SPOTLIGHT, a weekly newspaper published for consumers, taxpayers and voters, and not
for the special interests.
One year (52 weekly issues) costs $30, less than 60 cents per week. You can subscribe
now by writing to The SPOTLIGHT, 300 Independence Ave., S.E., Washington; D.C. 20003 or by
calling this toll-free number: 1-800-522-6292
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.
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