The Real Story of
the Money-Control Over America
by Pastor Sheldon Emry
"If the American people ever allow private banks to
control the issue of their money, first by inflation and then by deflation, the
banks and corporations that will grow up around them (around the banks), will
deprive the people of their property until their children will wake up homeless
on the continent their fathers conquered." Thomas Jefferson
Americans,
living in what is called the richest nation on earth, seem always to be short of
money. Wives are working in unprecedented numbers, husbands hope for overtime
hours to earn more, or take part-time jobs evenings and weekends, children look
for odd jobs for spending money, the family debt climbs higher, and
psychologists say one of the biggest causes of family quarrels and breakups is
"arguments over money." Much of this trouble can be traced to our present
"debt-money" system. Too few Americans realize why our founding fathers wrote
into Article I of the U.S. Constitution: Congress shall have the Power to Coin
Money and Regulate the Value Thereof.
They did this, as we will show, in
prayerful hope it would prevent "love of money" from destroying the Republic
they had founded. We shall see how subversion of Article I has brought upon us
the horrors of which Jefferson had warned.
MONEY IS MAN'S ONLY "CREATION"
Economists use the term "create" when speaking of the process
by which money comes into existence. Now, creation means making something that
did not exist before. Lumbermen make boards from trees, workers build houses
from lumber, and factories manufacture automobiles from metal, glass and other
materials. But in all these they did not "create," they only changed existing
materials into a more usable and, therefore, more valuable form. This is not so
with money. Here, and here alone, man actually "creates" something out of
nothing. A piece of paper of little value is printed so that it is worth a piece
of lumber. With different figures it can buy the automobile or even the house.
Its value has been "created" in the true meaning of the word
MONEY "CREATING" PROFITABLE
As is seen by the above, money is very cheap to make, and
whoever does the "creating" of money in a nation can make a tremendous profit!
Builders work hard to make a profit of 5% above their cost to build a
house.
Auto makers sell their cars for 1% to 2% above the cost of
manufacture and it is considered good business. But money "manufacturers" have
no limit on their profits, since a few cents will print a $1 bill or a $10,000
bill.
That profit is part of our story, but first let us consider another
unique characteristic of the thing - money, the love of which is the "root of
all evil."
ADEQUATE MONEY SUPPLY
NEEDED
An adequate supply of money is
indispensable to civilized society. We could forego many other things, but
without money industry would grind to a halt, farms would become only
self-sustaining units, surplus food would disappear, jobs requiring the work of
more than one man or one family would remain undone, shipping, and large
movements of goods would cease, hungry people would plunder and kill to remain
alive, and all government except family or tribe would cease to
function.
An overstatement, you say? Not at all. Money is the blood of
civilized society, the means of all commercial trade except simple barter. It is
the measure and the instrument by which one product is sold and another
purchased. Remove money or even reduce the supply below that which is necessary
to carry on current levels of trade, and the results are catastrophic. For an
example, we need only look at America's Depression of the early
1930's.
THE BANKERS DEPRESSION OF THE
1930's
In 1930 America did not lack industrial
capacity, fertile-farm land, skilled and willing workers or industrious farm
families. It had an extensive and highly efficient transportation system in
railroads, road networks, and inland and ocean waterways. Communications between
regions and localities were the best in the world, utilizing telephone,
teletype, radio, and a well-operated government mail system. No war had ravaged
the cities or the countryside, no pestilence weakened the population, nor had
famine stalked the land. The United States of America in 1930 lacked only one
thing: an adequate supply of money to carry on trade and commerce. In the early
1930's, Bankers, the only source of new money and credit, deliberately refused
loans to industries, stores and farms.
Payments on existing loans were
required however, and money rapidly disappeared from circulation. Goods were
available to be purchased, jobs waiting to be done, but the lack of money
brought the nation to a standstill. By this simple ploy America was put in a
"depression" and the greedy Bankers took possession of hundreds of thousands of
farms, homes, and business properties. The people were told, "times are hard,"
and "money is short." Not understanding the system, they were cruelly robbed of
their earnings, their savings, and their property.
MONEY FOR PEACE? NO! - MONEY FOR WAR? YES!
World War II ended the "depression." The same Bankers who in
the early 30's had no loans for peacetime houses, food and clothing, suddenly
had unlimited billions to lend for Army barracks, K-rations and uniforms! A
nation that in 1934 couldn't produce food for sale, suddenly could produce bombs
to send free to Germany and Japan! (More on this riddle later.)
With the
sudden increase in money, people were hired, farms sold their produce, factories
went to two shifts, mines re-opened, and "The Great Depression" was over! Some
politicians were blamed for it and others took credit for ending it. The truth
is the lack of money (caused by the Bankers) brought on the depression, and
adequate money ended it. The people were never told that simple truth and in
this article we will endeavor to show how these same Bankers who control our
money and credit have used their control to plunder America and place us in
bondage.
POWER TO COIN AND REGULATE
MONEY
When we can see the disastrous results of
an artificially created shortage of money, we can better understand why our
Founding Fathers insisted on placing the power to "create" money and the power
to control it ONLY in the hands of the Federal Congress. They believed that ALL
citizens should share in the profits of its "creation" and therefore the
national government must be the ONLY creator of money. They further believed
that ALL citizens, of whatever State or Territory, or station in life would
benefit by an adequate and stable currency and therefore, the national
government must also be, by law, the ONLY controller of the value of
money.
Since the Federal Congress was the only legislative body subject
to all the citizens at the ballot box, it was, to their minds, the only safe
depository of so much profit and so much power. They wrote it out in the simple,
but all-inclusive: "Congress shall have the Power to Coin Money and Regulate the
Value Thereof."
HOW THE PEOPLE LOST
CONTROL TO THE FEDERAL RESERVE
Instead of the
Constitutional method of creating our money and putting it into circulation, we
now have an entirely unconstitutional system. This has resulted in almost
disastrous conditions, as we shall see.
Since our money was handled both
legally and illegally before 1913, we shall consider only the years following
1913, since from that year on, ALL of our money has been created and issued by
an illegal method that will eventually destroy the United States if it is not
changed. Prior to 1913, America was a prosperous, powerful, and growing nation,
at peace with its neighbors and the envy of the world. But - in December of
1913, Congress, with many members away for the Christmas holidays, passed what
has since been known as the FEDERAL RESERVE ACT. (For the full story of how this
infamous legislation was forced through our Congress, read The Creature from
Jekyll Island, by G. Edward Griffin or Conquest or Consent, by W. B. Vennard).
Omitting the burdensome details, it simply authorized the establishment of a
Federal Reserve Corporation, with a Board of Directors (The Federal Reserve
Board) to run it, and the United States was divided into 12 Federal Reserve
"Districts."
This simple, but terrible, law completely removed from
Congress the right to "create" money or to have any control over its "creation,"
and gave that function to the Federal Reserve Corporation. This was done with
appropriate fanfare and propaganda that this would "remove money from politics"
(they didn't say "and therefore from the people's control") and prevent "Boom
and Bust" from hurting our citizens. The people were not told then, and most
still do not know today, that the Federal Reserve Corporation is a private
corporation controlled by bankers and therefore is operated for the financial
gain of the bankers over the people rather than for the good of the people. The
word "Federal" was used only to deceive the people.
MORE DISASTROUS THAN PEARL HARBOR
Since that "day of infamy," more disastrous to us than Pearl
Harbor, the small group of "privileged" people who lend us "our" money have
accrued to themselves all of the profits of printing our money' - and more!
Since 1913 they have "created" tens of billions of dollars in money and credit,
which, as their own personal property, they then lend to our government and our
people at interest. "The rich get richer and the poor get poorer" had become the
secret policy of our National Government. An example of the process of
"creation" and its conversion to people's "debt" will aid our
understanding.
THEY PRINT IT - WE
BORROW IT AND PAY THEM INTEREST
We shall start
with the need for money. The Federal Government, having spent more than it has
taken from its citizens in taxes, needs, for the sake of illustration,
$1,000,000,000. Since it does not have the money, and Congress has given away
its authority to "create" it, the Government must go the "creators" for the $1
billion. But, the Federal Reserve, a private corporation, doesn't just give its
money away! The Bankers are willing to deliver $1,000,000,000 in money or credit
to the Federal Government in exchange for the Government's agreement to pay it
back - with interest! So Congress authorizes the Treasury Department to print
$1,000,000,000 in U.S. Bonds, which are then delivered to the Federal Reserve
Bankers.
The Federal Reserve then pays the cost of printing the
$1,000,000,000 (about $1,000) and makes the exchange. The Government then uses
the money to pay its obligations. What are the results of this fantastic
transaction? Well, $1 billion in Government bills are paid all right, but the
Government has now indebted the people to the Bankers for $1 billion on which
the people must pay interest! Tens of thousands of such transactions have taken
place since 1913 so that by the 1980's, the U.S. Government is indebted. to the
Bankers for over $1,000,000,000,000 (trillion) on which the people pay over $100
billion a year in interest alone with no hope of ever paying off the principal.
Supposedly our children and following generations will pay forever and
forever!
AND THERE'S MORE
You say, "This is terrible!" Yes, it is, but we have shown
only part of the sordid story. Under this unholy system, those United States
Bonds have now become "assets" of the Banks in the Reserve System which they
then use as "reserves" to "create" more "credit" to lend. Current "fractional
reserve" requirements allow them to use that $1 billion in bonds to "create" as
much as $15 billion in new "credit" to lend to States, Municipalities, to
individuals and businesses. Added to the original $1 billion, they could have
$16 billion of "created credit" out in loans paying them interest with their
only cost being $1,000 for printing the original $1 billion! Since the U.S.
Congress has not issued Constitutional money since 1863 (over 100 years), in
order for the people to have money to carry on trade and commerce they are
forced to borrow the "created credit" of the Monopoly Bankers and pay them
usury-interest!
AND THERE'S STILL
MORE
In addition to the vast wealth drawn to them
through this almost unlimited usury, the Bankers who control the money at the
top are able to approve or disapprove large loans to large and successful
corporations to the extent that refusal of a loan will bring about a reduction
in the price that that Corporation's stock sells for on the market. After
depressing the price, the Bankers' agents buy large blocks of the stock, after
which the sometimes multi-million dollar loan is approved, the stock rises, and
is then sold for a profit. In this manner billions of dollars are made with
which to buy more stock. This practice is so refined today that the Federal
Reserve Board need only announce to the newspapers an increase or decrease in
their "rediscount rate" to send stocks up and down as they wish. Using this
method since 1913, the Bankers and their agents have purchased secret or open
control of almost every large corporation in America. Using that control, they
then force the corporations to borrow huge sums from their banks so that
corporation earnings are siphoned off in the form of interest to the banks. This
leaves little as actual "profits" which can be paid as dividends and explains
why stock prices are often depressed, while the banks reap billions in interest
from corporate loans. In effect, the bankers get almost all of the profits,
while individual stockholders are left holding the bag.
The millions of
working families of America are now indebted to the few thousand Banking
Families for twice the assessed value of the entire United States. And these
Banking Families obtained that debt against us for the cost of paper, ink, and
bookkeeping!
THE INTEREST AMOUNT IS
NEVER CREATED
The only way new money (which is
not true money, but is "credit" representing a debt), goes into circulation in
America is when it is borrowed from Bankers. When the State and people borrow
large sums, we seem to prosper. However, the Bankers "create" only the amount of
the principal of each loan, never the extra amount needed to pay the interest.
Therefore. the new money never equals the new debt added. The amounts needed to
pay the interest on loans is not "created," and therefore does not
exist!
Under this kind of a system, where new debt always exceeds the new
money no matter how much or how little is borrowed, the total debt increasingly
outstrips the amount of money available to pay the debt. The people can never,
ever get out of debt!
An example will show the viciousness of this
usury-debt system with its "built-in" shortage of money.
IF $60,000 IS
BORROWED, $255,931.20 MUST BE PAID BACK When a citizen goes to a Banker to
borrow $60,000 to purchase a home or a farm, the Bank clerk has the borrower
agree to pay back the loan plus interest. At 14% interest for 30 years, the
Borrower must agree to pay $710.92 per month for a total of $255,931.20. The
clerk then requires the citizen to assign to the Banker the right of ownership
of the property if the Borrower does not make the required payments. The Bank
clerk then gives the Borrower a $60,000 check or a $60,000 deposit slip
crediting the Borrower's checking account with $60,000.
The Borrower then
writes checks to the builder, subcontractors, etc., who in turn write checks.
$60,000 of new "checkbook" money is thereby added to "money in
circulation."
However, and this is the fatal flaw in a usury system, the
only new money created and put into circulation is the amount of the loan,
$60,000. The money to pay the interest is NOT created, and therefore was NOT
added to "money in circulation."
Even so, this Borrower (and those who
follow him in ownership of the property) must earn and TAKE OUT OF CIRCULATION
$255,931, almost $200,000 MORE than he put IN CIRCULATION when he borrowed the
original $60,000! (By the way, it is this interest which cheats all families out
of nicer homes. It is not that they can't afford them; it is because the
Banker's usury forces them to pay for 4 homes to get one!)
Every new loan
puts the same process in operation. Each borrower adds a small sum to the total
money supply when he borrows, but the payments on the loan (because of interest)
then deduct a much LARGER sum from the total money supply.
There is
therefore no way all debtors can pay off the money-lenders. As they pay the
principal and interest, the money in circulation disappears. All they can do is
struggle against each other, borrowing more and more from the money-lenders each
generation. The money-lenders (Bankers), who produce nothing of value, slowly,
then more rapidly, gain a death grip on the land, buildings, and present and
future earnings of the whole working population.
SMALL LOANS DO THE SAME THING
If you haven't quite grasped the impact of the above, let us
consider a small auto loan for 3 years at 18% interest. Step 1: Citizen borrows
$5,000 and pays it into circulation (it goes to the dealer, factory, miner,
etc.) and signs a note agreeing to pay the Banker $6,500. Step 2: Citizen pays
$180 per month of his earnings to the Banker. In 3 years he will take OUT of
circulation $1,500 more than he put IN circulation.
Every loan of Banker
"created" money (credit) causes the same thing to happen. Since this has
happened millions of times since 1913 (and continues today), you can see why
America has gone from a prosperous, debt-free nation to a debt-ridden nation
where practically every home, farm and business is paying usury-tribute to some
Banker. The usury-tribute to the Bankers on personal, local, State and Federal
debt totals more than the combined earnings of 25% of the working people. Soon
it will be 50% and continue up.
THIS
IS WHY BANKERS PROSPER IN GOOD TIMES OR BAD
In
the millions of transactions made each year like those above, little actual
currency changes hands, nor is it necessary that it do so. 95% of all "cash"
transactions in the U.S. are by check, so the Banker is perfectly safe in
"creating" that so-called "loan" by writing the check or deposit slip, not
against actual money, but AGAINST YOUR PROMISE TO PAY IT BACK! The cost to him
is paper, ink and a few dollars in salaries and office costs for each
transaction. It is "check-kiting" on an enormous scale. The profits increase
rapidly, year after year, as shown below.
These are a few taken from
Arizona newspapers in January, 1979.
Valley Bank posts 49% gain in
profits
Gains of 49 percent in net income and 51 percent in operating
income were posted last year by Valley National Bank.
Those gains brought
net income to $33,969,000 in the year ended Dec. 31 and operating income to
$34,459,000. The year before those totals were $22,836,000 and $22,807,000
respectively.
Bank's profits rise 21% Arizona Bank announced on
Monday it had achieved a 21.2 percent increase in net income in 1978 over 1977.
On the basis of operating income, excluding the 1977 sale of the Arizona Bank
Building for $l,336,369, the bank said the increase was 43.9
percent.
Tostenrud said loans and deposits increased in the last year:
Deposits 18.8 percent to $1.353 billion and loans 21.9 percent to $951
million.
THE COST TO YOU? EVENTUALLY,
EVERYTHING!
In 1910 the U.S. Federal debt was
only $1 billion, or $12.40 per citizen. State and local debts were practically
non-existent.
By 1920, after only 6 years of Federal Reserve shenanigans,
the Federal debt had jumped to $24 billion, or $226 per person.
In 1960
the Federal debt reached $284 billion, or $1,575 per citizen and State and local
debts were mushrooming.
By 1981 the Federal debt passed $1 trillion and
was growing exponentially as the Banker's tripled the interest rates. State and
local debts are now MORE than the Federal, and with business and personal debts
totaled over $6 trillion, 3 times the value of all land and buildings in
America.
If we signed over to the money-leaders all of America we would
still owe them 2 more Americas (plus their usury, of course!)
However,
they are too cunning to take title to everything. They will instead leave you
with some "illusion of ownership" so you and your children will continue to work
and pay the Bankers more of your earnings on ever-increasing debts. The
"establishment" has captured our people with their ungodly system of usury and
debt as certainly as if they had marched in with a uniformed
army.
FOR THE GAMBLERS AMONG MY
READERS
To grasp the truth that periodic
withdrawal of money through interest payments will inexorably transfer all
wealth in the nation to the receiver of interest, imagine yourself in a poker or
dice game where everyone must buy the chips (the medium of exchange) from a
"banker" who does not risk chips in the game, but watches the table and every
hour reaches in and takes 10% to 15% of all the chips on the table. As the game
goes on, the amount of chips in the possession of each player will go up and
down with his "luck."
However, the TOTAL number of chips available to
play the game (carry on trade and business) will decrease rapidly.
The
game will get low on chips, and some will run out. If they want to continue to
play, they must buy or borrow them from the "banker." The "banker" will sell
(lend) them ONLY if the player signs a "mortgage" agreeing to give the "banker"
some real property (car, home, farm, business, etc.) if he cannot make periodic
payments to pay back all of the chips plus some EXTRA ones (interest). The
payments must be made on time, whether he wins (makes a profit) or
not.
It is easy to see that no matter how skillfully they play,
eventually the "banker" will end up with all of his original chips back, and
except for the very best players, the rest, if they stay in long enough, will
lose to the "banker" their homes, their farms, their businesses, perhaps even
their cars, watches, rings, and the shirts off their backs!
Our real-life
situation is MUCH WORSE than any poker game. In a poker game none is forced to
go into debt, and anyone can quit at any time and keep whatever he still has.
But in real life, even if we borrow little ourselves from the Bankers, the
local, State, and Federal governments borrow billions in our name, squander it,
then confiscate our earnings from us and pay it back to the Bankers with
interest. We are forced to play the game, and none can leave except by death. We
pay as long as we live, and our children pay after we die. If we cannot pay, the
same government sends the police to take our property and give it to the
Bankers. The Bankers risk nothing in the game; they just collect their
percentage and "win it all." In Las Vegas and at other gambling centers, all
games are "rigged" to pay the owner a percentage, and they rake in millions. The
Federal Reserve Bankers' "game" is also rigged, and it pays off in
billions!
In recent years Bankers added real "cards" to their 'game.
"Credit" cards are promoted as a convenience and a great boon to trade.
Actually, they are ingenious devices by which Bankers collect 2% to 5% of every
retail sale from the seller and 18% interest from buyers. A real "stacked"
deck!
YES, IT'S POLITICAL,
TOO!
Democrat, Republican, and Independent voters
who have wondered why politicians always spend more tax money than they take in
should now see the reason. When they begin to study our "debt-money" system,
they soon realize that these politicians are not the agents of the people but
are the agents of the Bankers, for whom they plan ways to place the people
further-in debt. It takes only a little imagination to see that if Congress had
been "creating," and spending or issuing into circulation the necessary increase
in the money supply, THERE WOULD BE NO NATIONAL DEBT, and the over $4 Trillion
of other debts would be practically non-existent. Since there would be no
ORIGINAL cost of money except printing, and no CONTINUING costs such as
interest, Federal taxes would be almost nil. Money, once in circulation, would
remain their and go on serving its purpose as a medium of exchange for
generation after generation and century after century, just as coins do now,
with NO payments to the Bankers whatever!
MOUNTING DEBTS AND WARS
But instead of peace and debt-free prosperity, we have
ever-mounting debt and periodic wars. We as a people are now ruled by a system
of Banker-owned Mammon that has usurped the mantle of government, disguised
itself as our legitimate government, and set about to pauperize and control our
people. It is now a centralized, all-powerful political apparatus whose main
purposes are promoting war, spending the peoples' money, and propagandizing to
perpetuate itself in power. Our two large political parties have become its
servants, the various departments of government its spending agencies, and the
Internal Revenue its collection agency.
Unknown to the people, it
operates in close cooperation with similar apparatuses in other nations. which
are also disguised as "governments." Some, we are told, are friends. Some, we
are told, are enemies. "Enemies" are built up through international
manipulations and used to frighten the American people into going billions of
dollars more into debt to the Bankers for "military preparedness," "foreign aid
to stop communism," "minority rights," etc. Citizens, deliberately confused by
brainwashing propaganda, watch helplessly while our politicians give our food,
goods, and money to Banker-controlled alien governments under the guise of
"better relations" and "easing tensions." Our Banker-controlled government takes
our finest and bravest sons and sends them into foreign wars with obsolete
equipment and inadequate training, where tens of thousands are murdered, and
hundreds of thousands are crippled. Other thousands are morally corrupted,
addicted to drugs, and infected with venereal and other diseases, which they
bring back to the United States. When the "war" is over, we have gained nothing,
but we are scores of billions of dollars more in debt to the Bankers, which was
the reason for the "war" in the first place!
BUT WAIT... THERE'S STILL MORE
The profits from these massive debts have been used to erect
a complete and almost hidden economic and political colossus over our nation.
They keep telling us they are trying to do us "good," when in truth they work to
bring harm and injury to our people. These would-be despots know it is easier to
control and rob an ill, poorly-educated and confused people than it is a healthy
and intelligent population, so they deliberately prevent real cures for
diseases, they degrade our educational systems, and they stir up social and
racial unrest. For the same reason they favor drug use, alcohol, sexual
promiscuity, abortion, pornography, and crime. Everything which debilitates the
minds and bodies of the people is secretly encouraged, as it makes the people
less able to oppose them or even to understand what is being done to
them.
Family, morals, love of Country, the Christian religion, all that
is honorable is being swept away, while they try to build their new, subservient
man. Our new "rulers" are trying to change our whole racial, social, religious,
and political order, but they will not change the debt-money economic system by
which they rob and rule. Our people have become tenants and "debt-slaves" to the
Bankers and their agents in the land our fathers conquered. It is conquest
through the most gigantic fraud and swindle in the history of mankind. And we
remind you again: The key to their wealth and power over us is their ability to
create "money" out of nothing and lend it to us at interest. If they had not
been allowed to do that, they would never have gained secret control of our
nation. "The rich ruleth over the poor, and the borrower is servant to the
lender" (Proverbs 22:7).
Let us now consider the correct method of
providing the medium of exchange (money) needed by our
people.
INTEREST-FREE
MONEY
History tells us of debt-free and
interest-free money issued by governments. The American colonies did it in the
1700's and their wealth soon rivaled England and brought restrictions from
Parliament, which led to the Revolutionary War. Abraham Lincoln did it in 1863
to help finance the Civil War. He was later assassinated by an agent of the
Rothschild Bank. No debt-free or interest-free money has been issued in America
since then. Several Arab nations issue interest-free loans to their citizens
today. The Saracen Empire for bad interest on money for 1,000 years, and its
wealth outshone even Saxon Europe. Mandarin China issued its own money,
interest-free and debt-free, and historians and collectors of art today consider
those centuries to be China's time of greatest wealth, culture and
peace.
Germany issued debt-free and interest-free money from 1935 and on,
accounting for its startling rise from the depression to a world power in 5
years. Germany financed its entire government and war operation from 1935 to
1945 without debt, and it took the whole Capitalist and Communist world to
destroy the German power over Europe and bring Europe back under the heel of the
Bankers. Such history of money does not even appear in the textbooks of public
(government) schools today.
Issuing money which doesn't have to be paid
back in interest leaves the money available to use in the exchange of goods and
services and its only continuing cost is replacement as the paper wears out.
Money is the paper ticket by which such transfers are made and should always be
in sufficient quantity to transfer all possible production of the nation to
ultimate consumers.
It is as ridiculous for a nation to say to its
citizens, "You must consume less because we are short of money," as it would be
for an Airline to say "Our planes are flying, but we can't take you because we
are short of tickets."
NO MORE
BANKERS' PLUNDER
Under the present debt-usury
system, the extra burden of usury forces workers and businesses to demand more
money for the work and goods to pay their ever-increasing debts and taxes. This
increase in prices and wages is called "inflation." Bankers, politicians and
"economists" blame it on everything but the real cause, which is the usury
levied on money and debt by the Bankers. This "inflation" benefits the
money-lenders, since it wipes out savings of one generation so they cannot
finance or help the next generation, who must then borrow from the
money-lenders, and pay a large part of their life's labor to the
usurer.
With an adequate supply of interest-free money, little borrowing
would be required and prices would be established by people and goods, not by
debts and usury.
CITIZEN CONTROL
If the Federal Congress failed to act, or acted
wrongly, in the supply of money, the citizens would use the ballot or recall
petition to replace those who prevented correct action with others whom the
people believe would pursue a better money policy. Since the creation of money
and its issuance in sufficient quantity would be one of the few functions of
Congress, the voter could decide on a candidate by his stand on money, instead
of the hundreds of lesser, and deliberately confusing, subjects which are
presented to us today. And since money is, and would remain, a national
function, local differences or local factions would not be able to sway the
people from the nation's (citizens') interest. All other problems, except the
nation's defense, would be taken care of in the State, County, or City
governments where they are best handled and most easily corrected.
An
adequate national defense would be provided by the same citizen-controlled
Congress, and there would be no Bankers behind the scenes, bribing politicians
to give $200 billion of American military equipment to other nations, disarming
us, while alien nations prepare to attack and invade the United States of
America.
A DEBT-FREE AMERICA
With debt-free and interest-free money, there
would be no high and confiscatory taxation, our homes would be mortgage free
with no $10,000-a-year payments to the Bankers, nor would they get $1,000 to
$2,500 per year from every automobile on our roads. We would need no "easy
payment" plans, "revolving" charge accounts, loans to pay medical or hospital
bills, loans to pay taxes, loans to pay for burials, loans to pay loans, nor any
of the thousand and one usury-bearing loans which now suck the life-blood of
American families. There would be no unemployment, divorces caused by debt,
destitute old people, or mounting crime, and even the so-called "deprived"
classes would be deprived of neither job nor money to buy the necessities of
life.
Criminals could not become politicians, nor would politicians
become criminals in the pay of the Money-lenders. Our officials, at all
government levels, would be working for the people instead of devising means to
spend more money to place us further in debt to the Bankers. We would get out of
the entangling foreign alliances that have engulfed us in four major wars and
scores of minor wars since the Federal Reserve Act was passed, alliances which
are now used to prevent America from preparing her own defense in the face of
mounting danger from alien powers.
A debt-free America would mean mothers
would not have to work. With mother at home, juvenile delinquency would decrease
rapidly. The elimination of the usury and debt would be the equivalent of a 50%
raise in the purchasing power of every worker. With this cancellation of all
debts, the return to the people of all the property and wealth the parasitic
Bankers and their quasi-legal agents have stolen by usury and fraud, and the
ending of their theft of $300 Billion (or more) every year from the people,
America would be prosperous and powerful beyond the wildest dreams of its
citizens today. And we would be at peace! (For a Bible example of cancellation
of debts to money lenders and restoration of property and money to the people,
read Nehemiah 5: 1-13.)
WHY YOU
HAVEN'T KNOWN
We realize this small, and
necessarily incomplete, article on money may be charged with oversimplification.
Some may say that if it is that simple the people would have known about it, and
it could not have happened. But this MONEY-LENDERS' consPIRACY is as old as
Babylon, and even in America it dates far back before the year 1913. Actually,
1913 may be considered the year in which their previous plans came to fruition,
and the way opened for complete economic conquest of our people. The consPIRACY
is old enough in America so that its agents have been, for many years, in
positions such as newspaper publishers, editors, columnists, church ministers,
university presidents, professors, textbook writers, labor union leaders, movie
makers, radio and TV commentators, politicians from school board members to U.S.
presidents, and many others.
CONTROLLED NEWS AND INFORMATION
These agents control the information available to our people.
They manipulate public opinion, elect whom they will locally and nationally, and
never expose the crooked money system. They promote school bonds, municipal
bonds, expensive and detrimental farm programs, "urban renewal," foreign aid,
and many other schemes which will put the people more into debt to the Bankers.
Thoughtful citizens wonder why billions are spent on one program and billions on
another which may duplicate it or even nullify it, such as paying some farmers
not to raise crops, while at the same time building dams or canals to irrigate
more farm land. Crazy or stupid? Neither. The goal is more debt. Thousand of
government-sponsored ways to waste money go on continually. Most make no sense,
but they are never exposed for what they really are, builders of "billions for
the bankers and debts for the people."
So-called "economic experts" write
syndicated columns in hundreds of newspapers, craftily designed to prevent the
people from learning the simple truth about our money system. Commentators on
radio and TV, preachers, educators, and politicians blame the people as
wasteful, lazy, or, spend-thrift, and blame the workers, and consumers for the
increase in debts and the inflation of prices, when they know the cause is the
debt-money system itself. Our people are literally drowned in charges and
counter-charges designed to confuse them and keep them from understanding the
unconstitutional and evil money-system that is so efficiently and silently
robbing the farmers, the workers, and the businessmen of the fruits of their
labors and of their freedoms.
When some few Patriotic people or
organizations who know the truth begin to expose them or try to stop any of
their mad schemes, they are ridiculed and smeared as "right-wing extremists,"
"super-patriots," "ultra-rightists," "bigots," "racists," even "fascists" and
"anti-Semites." Any name is used which will cause them to shut up or will at
least stop other people from listening to the warning they are giving. Articles
and books such as you are now reading are kept out of schools, libraries, and
book stores.
Some, who are especially vocal in their exposure of the
treason against our people, are harassed by government agencies such as the EPA,
OSHA, the IRS, and others, causing them financial loss or bankruptcy. Using the
above methods, they have been completely successful in preventing most Americans
from learning the things you have read in this pamphlet. However, in spite of
their control of information, they realize many citizens are learning the truth.
Therefore, to prevent violence or armed resistance to their plunder of America,
they plan to register all firearms and eventually to disarm all citizens. They
have to eliminate most guns, except those in the hands of their government
police and army.
TELL THE
PEOPLE
The "almost hidden" conspirators in
politics, religion, education, entertainment, and the news media are working for
a Banker-owned United States in a Banker-owned world under a Banker-owned World
Governments!
Love of Country and concern for your children should make
you deeply interested in this, America's greatest problem, for our generation
has not suffered under the "yoke" as the coming generations will. Usury and
taxes will continue to take a larger and larger part of the annual earnings of
the people and put them into the pockets of the Bankers and their political
Agents. Increasing "government" regulations will prevent citizen protest and
opposition to their control. Is it possible that your grandchildren will own
neither home nor car, but will live in "government-owned" apartments and ride to
work in "government-owned" buses (both paying usury to the Bankers), AND BE
ALLOWED TO KEEP JUST ENOUGH OF THEIR EARNINGS TO BUY A MINIMUM OF FOOD AND
CLOTHING while their Rulers wallow in luxury? In Asia and eastern Europe it is
called "communism;" in America it is called "Democracy" and
"Capitalism."
America will not shake off her Banker-controlled
dictatorship as long as the people are ignorant of the hidden controllers.
International financiers, who control most of the governments of the nations,
and most sources of information, seem to have us completely within their grasp.
They are afraid of only one thing: an awakened Patriotic Citizenry, armed with
the truth, and with a trust, in Almighty God for deliverance. This article has
given you the truth about their iniquitous system. What you do with it is in
your hands.
AUDIT THE FEDERAL RESERVE
SYSTEM?
The Federal Reserve has never been
audited by the government since it took over our money and credit in 1913. In
1975 a bill, H.R. 4316, to require an audit was introduced in
Congress.
During the April, 1975 hearings, this author submitted a
statement favoring the audit, as did many others. Due to pressure from the money
controllers, it was not passed. No audit of the Fed has ever been
made.
WHY HAVEN'T THEY TOLD
YOU?
Why haven't they told you about this scandal
- the greatest fraud in history which has caused Americans and others to spill
oceans of blood, pay trillions of dollars interest on fraudulent loans and
burden themselves with unnecessary taxes?
Who are "they"? "They" are most
of the politicians of the two old parties and elected officials. Most
"educational" groups like the League of Women Voters, the Heritage Foundation
and the American Civil Liberties Union (ACLU). All mainstream news services,
such as the Associated Press and the United Press International. All mainstream
daily newspapers, including the New York Times and Los Angeles Times. All
mainstream weekly "news" magazines, such as "Time" and "Newsweek." All of the
above and more have been hiding the truth from you.
WHAT SOME FAMOUS MEN HAVE SAID ABOUT THE MONEY
QUESTION
ALAN GREENSPAN:
"In the absence of the gold standard, there is no way to
protect savings from confiscation through inflation. ... This is the shabby
secret of the welfare statists' tirades against gold. Deficit spending is simply
a scheme for the confiscation of wealth. Gold stands in the way of this
insidious process. It stands as a protector of property rights. If one grasps
this, one has no difficulty in understanding the statists' antagonism toward the
gold standard."
PRESIDENT THOMAS JEFFERSON:
"The system of banking [is] a blot left in all
our Constitutions, which, if not covered, will end in their destruction... I
sincerely believe that banking institutions are more dangerous than standing
armies; and that the principle of spending money to be paid by posterity... is
but swindling futurity on a large scale."
PRESIDENT JAMES A.
GARFIELD:
"Whoever
controls the volume of money in any country is absolute master of all industry
and commerce".
CONGRESSMAN LOUIS McFADDEN:
"The Federal Reserve(Banks) are one of the
most corrupt institutions the world has ever seen. There is not a man within the
sound of my voice who does not know that this Nation is run by the International
Bankers".
HORACE GREELEY:
"While
boasting of our noble deeds were careful to conceal the ugly fact that by an
iniquitous money system we have nationalized a system of oppression which,
though more refined, is not less cruel than the old system of chattel
slavery.
THOMAS A. EDISON:
"People who will not turn a shovel full of dirt on the
project (Muscle Shoals Dam) nor contribute a pound of material, will collect
more money from the United States than will the People who supply all the
material and do all the work. This is the terrible thing about interest ...But
here is the point: If the Nation can issue a dollar bond it can issue a dollar
bill. The element that makes the bond good makes the bill good also. The
difference between the bond and the bill is that the bond lets the money broker
collect twice the amount of the bond and an additional 20%. Whereas the
currency, the honest sort provided by the Constitution pays nobody but those who
contribute in some useful way. It is absurd to say our Country can issue bonds
and cannot issue currency. Both are promises to pay, but one fattens the usurer
and the other helps the People."
PRESIDENT WOODROW WILSON: "A great industrial Nation is controlled by its system of
credit. Our system of credit is concentrated. The growth of the Nation and all
our activities are in the hands of a few men. We have come to be one of the
worst ruled, one of the most completely controlled and dominated Governments in
the world - no longer a Government of free opinion no longer a Government by
conviction and vote of the majority, but a Government by the opinion and duress
of small groups of dominant men". (Just before he died, Wilson is reported to
have stated to friends that he had been "deceived" and that "I have betrayed my
Country". He referred to the Federal Reserve Act passed during his
Presidency.)
SIR JOSIAH STAMP,
(President of the Bank of England in the 1920's, the second
richest man in Britain): "Banking was conceived in iniquity and was born in sin.
The Bankers own the earth. Take it away from them, but leave them the power to
create deposits, and with the flick of the pen they will create enough deposits
to buy it back again. However, take it away from them, and all the great
fortunes like mine will disappear and they ought to disappear, for this would be
a happier and better world to live in. But, if you wish to remain the slaves of
Bankers and pay the cost of your own slavery, let them continue to create
deposits".
MAJOR L .L. B. ANGUS:
"The modern Banking system manufactures money
out of nothing. The process is perhaps the most astounding piece of sleight of
hand that was ever invented. Banks can in fact inflate, mint and unmint the
modern ledger-entry currency".
RALPH M. HAWTREY
(Former Secretary of the British Treasury): "Banks lend by
creating credit. They create the means of payment out of
nothing".
ROBERT HEMPHILL
(Credit Manager of Federal Reserve Bank, Atlanta, Ga.):
"This is a staggering thought. We are completely dependent on the commercial
Banks. Someone has to borrow every dollar we have in circulation, cash or
credit. If the Banks create ample synthetic money we are prosperous; if not, we
starve. We are absolutely without a permanent money system. When one gets a
complete grasp of the picture, the tragic absurdity of our hopeless position is
almost incredible, but there it is. It is the most important subject intelligent
persons can investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the defects
remedied very soon".
This study on money is
not copyrighted. It may be reproduced in whole or in part for the purpose of
helping the American people.
Real American Money: Inflation and depression protection!
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