EN[i]GMA
03-27-2005, 05:44 PM
I found this to be a VERY good read as well: http://www.truthusa.org/articles/fed/calltofed.htm
A PHONE CALL TO THE FED
From Dan Benham ©1988-2002
D.benham@worldnet.att.net
The following is a conversation with Mr. Ron Supinski (415) 974-3231. Mr. Supinski is with the Public Information Dept of the San Francisco, Federal Reserve Bank. This is an account of that conversation reconstructed to the best of my ability from notes taken during the conversation.
QUESTION - Mr. Supinski, does my country own the Federal Reserve System? ANSWER - We are an agency of the government.
QUESTION - That's not my question. Is it owned by my country? ANSWER - It is an agency of the government created by congress.
QUESTION - Is the Federal Reserve a Corporation? ANSWER - Yes
QUESTION - Does my government own any of the stock in the Federal Reserve? ANSWER - No, it is owned by the member banks.
QUESTION - Are the member banks private corporations? ANSWER - Yes
QUESTION - Are Federal Reserve Notes backed by anything? ANSWER - Yes, by the assets of the Federal Reserve but, primarily by the power of congress to lay tax on the people.
QUESTION - Did you say, by the power to collect taxes is what backs Federal Reserve Notes? ANSWER - Yes
QUESTION - What are the total assets of the Federal Reserve? ANSWER - The San Francisco Bank has $36 Billion in assets.
QUESTION - What are these assets comprised of? ANSWER - Gold, the Federal Reserve Bank itself and government securities.
QUESTION - What value does the Federal Reserve Bank carry gold per oz. on their books? ANSWER - I don't have that information but the San Francisco Bank has $1.6 billion in gold.
QUESTION - Are you saying the Federal Reserve Bank of San Francisco has $1.6 billion in gold, the bank itself and the balance of the assets is government securities? ANSWER -Yes
QUESTION - Where does the Federal Reserve get Federal Reserve Notes from? ANSWER - They are authorized by the Treasury.
QUESTION - How much does the Federal Reserve pay for a $10 Federal Reserve Note? ANSWER .50 to .70 cents.
QUESTION - How much do they pay for a $100.00 Federal Reserve Note? ANSWER - The same .50 to .70 cents.
QUESTION - To pay only .50 cents for a $100.00 is a tremendous gain, isn't it? ANSWER - Yes
QUESTION - According to the U.S. Treasury, the Federal Reserve pays $20.60 per 1,000 denomination or a little over .02 cents for a $100.00 bill, is that correct? ANSWER - That's probably close.
QUESTION - Doesn't the Federal Reserve use the Federal Reserve Notes that cost about .02 cents each to purchase U.S. Bonds from the government? ANSWER - Yes, but there is more to it than that.
QUESTION - Basically, that is what happens? ANSWER - Yes, basically you are correct.
QUESTION - How many Federal Reserve Notes are in circulation? ANSWER - $263 billion and we can only account for a small percentage.
QUESTION - Where did they go? ANSWER - Peoples mattress, buried in their back yards and illegal drug money.
QUESTION - Since the debt is payable in Federal Reserve Notes, how can the $4 trillion national debt be paid-off with the total Federal Reserve Notes in circulation? ANSWER - I don't know.
QUESTION - If the Federal Government would collect every Federal Reserve Note in circulation would it be mathematically possible to pay the $4 trillion national debt? ANSWER - No
QUESTION - Am I correct when I say, $1 dollar deposited in a member bank $8 can be loaned out through Fractional Reserve Policy? ANSWER - About $7.
QUESTION - Correct me if I am wrong but, $7 additional Federal Reserve Notes were never really put in circulation. But, for lack of better words were "created out of thin air" in the form of credits and the .02 cents per denomination was not paid either. In other words, the Federal Reserve Notes were actually not physically printed but, in reality were created by a journal entry and loaned at interest. Is that correct? ANSWER - Yes
QUESTION - Is that the reason there are only $263 billion Federal Reserve Notes in circulation? ANSWER - That's part of the reason.
QUESTION - Am I mistaken that when the Federal Reserve Act was passed (on Christmas Eve) in 1913, it transferred the power to coin and issue our nations money and to regulate the value thereof from Congress to a Private corporation and that my country now borrows what should be our own money from the Federal Reserve (a private corporation) plus interest. Is that correct and the debt can never really ever be paid off under the current money system of country? ANSWER - Basically, yes.
QUESTION - I smell a rat, do you? ANSWER - I am sorry, I can't answer that, I work here.
QUESTION - Has the Federal Reserve ever been independently audited? ANSWER - We are audited.
QUESTION - Why is there a current House Resolution 1486 calling for a complete audit of the Federal Reserve by the G.A.O. and why is the Federal Reserve resisting? ANSWER - I don't know.
QUESTION - Does the Federal Reserve regulate the value of Federal Reserve Notes and interest rates? ANSWER - Yes
QUESTION - Explain how the Federal Reserve System can be Constitutional if, only the Congress of the U.S., which comprises of the Senate and the House of Representatives has the power to coin and issue our money supply and regulate the value thereof? [Article 1 Section 1 and Section 8] Nowhere, in the Constitution does it give Congress the power or authority to transfer any powers granted under the Constitution to a private corporation. Does it? ANSWER - I am not an expert on constitutional law. I can refer you to our legal department.
QUESTION - I can tell you I have read the Constitution. It does NOT provide that any power granted can be transferred to a private corporation. Doesn't it specifically state, all other powers not granted are reserved to the states and to the citizens? Does that mean to a private corporation? ANSWER I don't think so, but we were created by Congress.
QUESTION - Would you agree it is our country and it should be our money as provided by our Constitution? ANSWER -I understand what you are saying.
QUESTION - Why should we borrow our own money from a private consortium of bankers? Isn't this why we had a revolution, created a separate sovereign nation and a Bill of Rights?
ANSWER (Declined to answer).
QUESTION - Has the Federal Reserve ever been declared constitutional by the Supreme Court? ANSWER - I believe there has been court cases on the matter.
QUESTION - Have they been Supreme Court Cases? ANSWER - I think so, but I am not sure.
QUESTION - Didn't the Supreme Court declare unanimously in A.L.A. Schechter Poultry Corp. vs U.S. and Carter vs Carter Coal Co. the corporative-state arrangement an unconstitutional delegation of legislative power? ["The power conferred is the power to regulate. This is legislative delegation in its most obnoxious from; for it is not even delegation to an official or an official body, presumptively disinterested, but to private persons." Carter vs Carter Coal Co.] ANSWER - I don't know. I can refer you to our legal dept.
QUESTION - Isn't the current money system basically a house of cards that must fall because, the debt can mathematically never be paid-off? ANSWER - It appears that way. I can tell you have been looking into this matter and are very knowledgeable. However, we do have a solution.
QUESTION - What's the solution? ANSWER - The Debit Card.
QUESTION - Do you mean under the E.F.T. Act (Electronic Funds Transfer)? Isn't that very frightening, when one considers the capabilities of computers. It would provide the government and all of it's agencies, including the Federal Reserve such information as: You went to the gas station @ 2:30 and bought $10.00 of unleaded gas @ $1.41 per gallon and then you went to the grocery store @ 2:58 and bought bread, lunch meat and milk for $12.32 and then went to the drug store @ 3:30 and bought cold medicine for $5.62. In other words, they would know where we go, when we went, how much we paid, how much the merchant paid and how much profit he made. Under the E.F.T. they will literally know everything about us. Isn't that kind of scary? ANSWER - Yes, it makes you wonder.
QUESTION - I smell a GIANT RAT that has overthrown my constitution. Aren't we paying tribute in from of income taxes to a consortium of private bankers? ANSWER - I can't call it tribute, it is interest.
QUESTION - Haven't all elected officials taken an oath of office to preserve and defend the Constitution from enemies both foreign and domestic and isn't the Federal Reserve a domestic enemy? ANSWER - I can't say that.
QUESTION - Our elected officials and members of the Federal Reserve are guilty of aiding and abetting the overthrowing of my Constitution and that's treason. Isn't the punishment of treason according to the Constitution, death? ANSWER - I believe so.
QUESTION - Thank you for your time and information and if I may say so, I think you should take the necessary steps to protect you and your family and withdraw you money from the banks before the collapse, I am. ANSWER - It doesn't look good.
May God have mercy on the souls who are behind this UNCONSTITUTIONAL and criminal act called the Federal Reserve. When the almighty mass awakens to this giant hoax, they will not take it with a grain of salt. It has been a pleasure talking to you and I thank you for your time. I hope you will take my advice before it does collapse. ANSWER Unfortunately, it does not look good.
Have a good day and thanks for your time. ANSWER - Thanks for calling.
If the reader has any doubts to the validity of this conversation, call your nearest Federal Reserve Bank, YOU KNOW THE QUESTIONS TO ASK! You won't find them listed under the Federal Government. They are in the white pages, along with Federal Express, Federal Deposit Insurance Corp. (FDIC), and any other business. Find out for yourself if all this is true. And then, go to your local law library and look up the case of Lewis vs. US, case #80-5905, 9th Circuit, June 24, 1982. It reads in part: "Examining the organization and function of the Federal Reserve Banks and applying the relevant factors, we conclude that the federal reserve are NOT federal instrumentality's . . but are independent and privately owned and controlled corporations - federal reserve banks are listed neither as "wholly-owned' government corporations [under 31 USC Section 846] nor as 'mixed ownership' corporations [under 31 USC Section 856] . . . 28 USC Sections 1346(b), 2671.
' Federal agency' is defined as: the executive departments, the military departments, independent establishments of the United States, and corporations acting primarily as instrumentality's of the United States, but does not include any contractors with the United States . . .
There are no sharp criteria for determining whether an entity is a federal agency within the meaning of the Act, but the critical factor is the existence of the federal government control over the 'detailed physical performance' and 'day to day operations' of that entity. Other factors courts have considered include whether the entity is an independent corporation . . . whether the government is involved in the entity's finances, . . . and whether the mission of the entity furthers the policy of the United States . . .
Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities ... It is evident from the legislative history of the Federal Reserve Act that Congress did not intend to give the federal government direction over the daily operation of the Reserve Banks . . . The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act . . . Unlike typical federal agencies, each bank is empowered to hire and fire employees at will. Bank employees do not participate in the Civil Service Retirement System. They are covered by worker's compensation insurance, purchased by the Bank, rather than the Federal Employees Compensation Act. Employees traveling on Bank business are not subject to federal travel regulations and do not receive government employee discounts on lodging and services . . .
Finally, the Banks are empowered to sue and be sued in their own name. 12 USC Section 341. They carry their own liability insurance and typically process and handle their own claims . . ." According to the Federal Reserve Bank of Philadelphia, "When the Federal Reserve was created, its stock was sold to the member banks." ("The Hats The Federal Reserve Wears," published by the Federal Reserve Bank of Philadelphia). The original Stockholders of the Federal Reserve Banks in 1913 were the Rockefeller's, JP Morgan, Rothschild's, Lazard Freres, Schoellkopf, Kuhn-Loeb, Warburgs, Lehman Brothers and Goldman Sachs. The MONEYCHANGERS wanted to be insured they had a monopoly over our money supply, so Congress passed into law Title 12, Section 284 of the United States Code. Section 284 specifically states, "NO STOCK ALLOWED TO THE US" * Monopoly - "A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right [or power] to carry on a particular business or trade, manufacture a particular article, or control the sale of the whole supply of a particular commodity, A form of market structure in which only a few firms dominate the total sales of a product or service. 'Monopoly,' as prohibited by Section 2 of the Sherman Antitrust Act, has two elements: possession of a monopoly power in relevant market and willful acquisition or maintenance of that power, as distinguished from growth or development as a consequence of a superior power, business acumen, or historical product. A monopoly condemned by the Sherman Act is the power to fix prices, or exclude competition, coupled with policies designed to use and preserve that power." (Black's Law Dictionary, 6th Edition)
The Federal Reserve Act goes one step farther, "No Senator or Representative in Congress shall be a member of the Federal Reserve Board or an officer or director of a Federal Reserve Bank." They didn't want We The People to have any say in the operation of their monopoly through our elected officials.
___ Copyright Notice: All rights reserved re: common-law copyright of trade-name/trade-mark, DANIEL DOYLE BENHAM©-as well as any and all derivatives and variations in the spelling of said trade-name/trade-mark-Copyright© 1988 by Daniel Doyle Benham. Record Owner: Daniel Doyle Benham, Autograph Common Law Copyright© 1988.
ericg
04-06-2005, 02:17 AM
Billions for the Bankers
Debts for the People The Real Story Of The Money-Control Over America
by Sheldon Emry
"The love of money is the root of all evil" (1 Tim. 6:10) "If thou
lend money to any of my people that is poor by thee, thou shalt not be to
him as an usurer, neither shalt thou lay upon him usury." Exodus 22:25
"Take no usury of him, or increase...thou shalt not give him thy money
upon usury." Leviticus 25:36-67
"Unto thy brother thou shalt not lend upon usury: That the Lord thy
God may bless thee." Deuteronomy 23:20
In the early Church, any interest on debt was considered usury.
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
Three Types Of Conquest
History reveals nations can be conquered by the use of one or more
of three methods. The most common is conquest by war. In time, though,
this method usually falls, because the captives hate the captors and rise up
and drive them out if they can. Much force is needed to maintain control,
making it expensive for the conquering nation.
A second method is by religion, where men are convinced they must
give their captors part of their earnings as "obedience to God." Such a
captivity is vulnerable to philosophical exposure or by overthrow by armed
force, since religion by its nature lacks military force to regain control, once
its captives become "disillusioned."
The third method can be called economic conquest. It takes place
when nations are placed under "tribute" without the use of visible force
or coercion, so that the victims do not realize they have been conquered.
"Tribute" is collected from them in the form of "legal" debts and taxes,
and they believe they are paying it for their own good, for the good of
others, or to protect all from some enemy. Their captors become their
"benefactors" and "protectors." Although this is the slowest to impose,
it is often quite long-lasting, as the captives do not see any military force
arrayed against them, their religion is left more or less intact, they have
freedom to speak and to travel, and they participate in "elections" for their
rulers. Without realizing it, they are conquered, and the instruments of their
own society are used to transfer their wealth to their captors and make the
conquest complete. In 1900 the average American worker paid few taxes
and had little debt.
Last year payments on debts and taxes took more than half of what he
earned. Is it possible a form of conquest has been imposed on our people?
Read the following pages and decide for yourself. And may God have
mercy on this once debt-free and great nation, in Christ, the author.
BILLIONS for the BANKERS - DEBTS for the PEOPLE
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 and violation of God's Law on
interest has brought on us the evil of which God's Word had warned.
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, not Congress, had become the only source of new money
and credit. Bankers 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
food and guns. Then send it for free to Russia and England to fight Germany
and Japan! 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. In this article we will 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 Privately Owned 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.
Omitting the burdensome details, it simply authorized the establishment of
a privately owned national bank deceptively named The Federal Reserve
Corporation. It had 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 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.
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. TheFederal 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 scam? Well, $1 billion in
Government bills are paid all right, but the Government has now indebted
the citizens to the Bankers for $1 billion on which the taxpayers 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 just in interest alone with no hope of ever paying off the
principal.
Unless we repent of this sin, 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 evil 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 original
$1billion!
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 from the public 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 can 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 otherwise would have been paid as dividends. The banks reap billions
in interest from corporate loans. The result, the bankers get almost all of the
companies 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" 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" unpayable debt.
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 Banker agent 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
Banker 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 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!)
Musical Chairs
With each round someone is stuck without a chair. Every new loan
puts the same process in operation. Each borrower gives a mortgage and
adds a small sum to the total money supply when he borrows. But, because
of interest, the payments on the loan take away 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. Someone will not be able to meet his mortgage
payments. He will lose his "chair". All the people can do is struggle against
each other, borrowing more and more from the money-lenders each
generation. The 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. (They take ownership of all the
chairs.) 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 he 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 $l,5OO more than his loan put
in circulation. ($5,000 in, $6,500 out.)
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 mortgaged to some Banker.
The usury-tribute paid 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.
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 totaled over $6 trillion, 3 times the value of all land
and buildings in America. If 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 an "illusion of ownership" so you and your
children will continue to work for them 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. The borrower must pay back more than he borrowed; so bankers
always get back more than they lend!
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 the player wins (makes a profit)
or not.
It is easy to see that no matter how skillfully you play, eventually
the "banker" will end up with all of the chips, 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. Lose their cars, watches, rings,
the shirts off their backs and the un-read Bible on the end table! 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, then tax away our earnings to 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. 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,
not in millions, but 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 now 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, welfare, 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, 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 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 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, if the Pastors would have taught God's Law, 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?
A Debt-Free America
If we had debt-free and interest-free money, there would be no high and
confiscatory taxation, our homes would be mortgage free with no
$l0,000-a-year payments to the Bankers, nor would they get $l,000 to
$2,500 per year from every automobile on our roads. We would need
no "easy payment" plans, no "revolving" charge accounts, no loans to
pay medical or hospital bills, no loans to pay taxes, no loans to pay for
burials, no 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, no divorces caused by debt, no
destitute old people, or mounting crime, and even the so-called
"deprived" classes would not be deprived of either a job or money to
buy the necessities of life. Criminals could not become politicians, nor
would politicians become criminals in the pay of the Moneylenders.
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
revent 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
n 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. 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 conservative 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, ATF, 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
"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." (As
opposed to Free Enterprise.)
America will not shake off her Banker-controlled dictatorship as long
as the people are ignorant of God's Law on interest and the hidden
controllers. International financiers, who control most of the government
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
conservative citizenry, armed with God's Law and Imprecatory Prayer
trusting in Almighty God for deliverance. May Jesus Christ both enlighten
and have mercy on America.
******************************************
www.theawaregroup.com
vBulletin® v3.6.7, Copyright ©2000-2025, Jelsoft Enterprises Ltd.