The Real Story of the Money-Control Over America
The Real Story of the Money-Control Over
America
by
Sheldon Emry
This study on money is
not copyrighted. It may be reproduced
in whole or in part for the purpose of helping the American people.
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,
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. -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.
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. 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.