God Doesn't Make Slaves, Debt Makes Slaves

[ericg]

Written by my mom's old.. partner, the Kentucky Colonel, and a guy who financially supported my sister and I at times growing up, this paper earned him the degree and title of Doctor of Philosophy in matters pertaining to Theocentric Business and Ethics from the American College of Metaphysical Theology. Though his crude side tends to overshadow his good side as he fought his way into this world from the ground up within the harsh secular terms of his generation and a military career in Computers, Information Systems, and Communications, I appreciated this when he brought it to my attention, and have to say that I have come to appreciate it even more now. In honor of and respect to Martin Luther King Jr., I am going to sit here and type the whole thing out. It starts out simple, but gets big. It may be something you already know, and not even the keys to the castle, but it's certainly got fundamental truths and blueprints a way in.


Modern Economic Slaves

If you are in debt, or if you sell your time to another person, you are a modern economic slave. When another person owns your time, he or she owns you. Time is money and money is time. Selling your time is different than selling your goods and services.
When selling your time, the buyer controls your time; when selling your goods and services, you control your time.
If you are a debtor, it does not matter whether you sell your time or your goods and services, the creditor will enjoy the fruits of your labor. In today's economy, if a debtor does not like his creditor, he is free to choose another.
Jerry Spence, a nationally known attorney, said concerning slaves: "Today slaves are allowed to choose their own masters."


Slavery

Black's Law Dictionary defines slaverya as follows: "The condition of a slave: the civil relation in which on man has absolute power over the life, fortune, and liberty of another."
In 1865, the XIII Amendment was added to the United States Constitution and states:
"Section 1. Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted,shall exist within the United States or any place subject to their jurisdiction.
"Section 2. Congress shall have power to enforce this article by appropriate legislation."
Black's Law Dictionary defines involuntary servitude as: "The condition of one who is compelled by force, coercion or imprisonment, and against his will, to labor for another, whether he is paid or not." Coercion is defined as: "Compulsion; constraint; compelling by force or arms or threat."
Mankindkind has been enslaving men, women, and children since the beginning of time and did not stop just because slavery became illegal in the United States.


Economics, Religion, and Government

Economics can best be defined as what will be built, who will build it, who will get it, and who will pay tax on it.
Gloria Steinem stated, "Rich people plan for 3 generations. Poor people plan for Saturday night."
There has always been a small group Elite People who conrol the economics of the world, backed up by governments and religious leaders who support and feed off economic power.
Economics, religion, and government have become equal forces in the effort to control mankind.


The Question For The 21st Century

How can mankind control economics, religion and government? Since the beginning of time, man has been killing and enslaving his fellow man. The first step in enslaving a population is establishing fear in the hearts and minds of the people.
Religion uses fear of the afterlife to controol mankind. Economics and government use the fear of the present life to control mankind.


The Producers, The Merchants, The Consumers, and The Debtors

Andrew Carnegie is the person who taught that there are three groups of people in the world: The producers, the mercchants, and the consumers.
In fact, we are all producers, merchants, consumers, and debtors, and "We" means individuals and all other forms of legal ownership.
the producer, to produce, must obtain money, obtain property, obtain labor, produce a product, sell the product, and make a profit. In most cases, obtaining money includes obtaining debt.
When the producers expenses are greater than his profits, the producer, in fact, becomes a consumer.
The merchant must buy in order to sell. If a merchants expences are greater than profits, the merchant, in fact, becomes a consumer.
The question is how much time elapses between the time that the producer starts producing and merchants start buying and selling before they become consumers? Mankinds quality of life is determined by the profits made byt he producers and merchants.
Thoughout this thesis, I will be using the term, "Money Merchants", to mean creditors and bankers, who respect only the power of money and, in fact, disrespect their fellow man, government, and religion.
Money merchants are people who do not care how hard mankind works. They use their money, other people's money, and the governments money to generate more money by putting their fellow man into debt.
Debt by itself is not the problem. It's the interest rate ont he debt that enslaves mankind.
Producers, Merchants, and consumers know that man's basic needs are food, clothing, and shelter. Here again let us look at economics:

What would be built
Who will build it
Who will get and
Who will pay the tax on it?

Money Merchants seel debt. The debtors dream is to create something besides money. The money merchant's dream is to create debt by any means possible and without government control.
Changing the interest rate by ten percent creates masters and slaves. Albert Einstein said, "Compound interest tis the most powerful thing on earth.


Respect

If a person respects his fellow man's rights, which includes but is not limited to person, property, and wishes, what does the giver of respect get back in return? Most people who are asked this question say, "Respect." The answer is "Self respect."
Respecting another person's rights does not guarentee that that person will give you back respect. Respecting your feelow man's rights is the only way a person can obtain self respect.
Any person without self respect is disrespectful to themselves and others. A person who has self respect also has self control, self discipline, and sedlf worth.
The most disrespectful act int he world is when onw person takes another person's life. High interst rates on debt is another disrespectful act because high interest rates deny producers, mercahnts, and consumers the fruits of their labor: Profit!


Interest Rates

Black's Law Dictionary defines interst rate as "The percentage of an amount of money which is paid for it's use for a specified time commonly expressed as a annual percentage rate (APR).
Around 1800 BC, Hammurabi set the maximum interest rate at 33 1/3 per annum for loans of grain repayable in kind, 20% for loans of silver.
Around 300 BC, the Roman empire began and existed for over a thousand years with an interest rate for money of 8 1/3% per year.
Around 570 AD, Mohammad, the profit of Islam, was born in Mecca. Today Islam forbids it's 1.2 billion followers to charge an interest rate for the use of money. Islam believes that people should work and produce, not that money should work.
In 1215, King John of England signed the Magna Carta, which is the name of a charter granted to the barons at Runnymede, England. This charter is justly regarded as the foundation of English constitutional liberty. In more simple words, prior to the Magna Carta, the King of England owned everything. The Magna Carta gave barons ownership of land and private property and the right to will it to their first born son.
In 1790, the United States founding fathers knew that debt must be controlled by usery lawss established by the legislatures, not by creditors. Usury laws are statutes that prohibit finance charges (interest and other forms of compensation for loaning money) above a certain level for debt.
In 1860, the United States usury laws for money were 6% and 7% for all states, except Texas and California. The penalty for violating the usury laws was twice the debt.

Cont...

[ericg]

...

United States Declaration of Independence

In 1776, the United States Declaration of Independence was signed and the Revolutionary War with England began in an effot to free the people from religious and economic domination by England.
In 1781, Gen. Washington, the Continental Army, and the French Navy defeated the British at Yorktown, VA. However this battle did not end the war. Another two years of war followed before independence was gained.
In 1783, a peaace treaty with England was signed and 13 new soveriegn states were created, each with it's own monetary system and debt.
During the War for Independence, money merchants had been on hand to lend money to the 13 colonies, monies to fight the war. some money money merchants used the English pound, some the French franc, and some the Spanish peso.


After the War for Independence

When the Continental soldiers returned home from the war, the money merchants were on hand to greet them. The debtors, both private and public, soon realized that they had fought a war to rid themselves of one master for antother.
Disputed debts between the debtors and creditors became so complicated that disputes over debts soon overworked the court system before two states legilatures wiped out all private debt.


The Constitution Convention

In 1787, disputed debts were the major cause for the constituitional convention. Without a stable monetary system, the new 13 soveriegn states were doomed to economic, political, and religious failure.


The United States Constitution

In 1790, the United States Constitution, an agreement or contract between the sovereign states that made up the United States, was ratified and contains the rules to control the Federal Government.
Alexandria Hamilton was the person responsible for Article VI, Paragraph (1) of the United States Constitution which states: "All Debts contracted and Engagements entered into, before the Adoption of this Constitution, shall be as valid against the United States under this Constitution as under the Confederation."
The United States founding fathers knew that debt was the major enemy of the new nation and that debt was a threat to individual freedom.
Article VI of the Constitution enslaved the new United States Federalist Government, freed the new thirteen sovereign states from the money merchants, and lifted the tax burden off the people. Therefore, it became in the best interest of both the new states and creditors that the newly formed United States Federalist Government succeed.
Creditors had on debtor, the United States, to pay interest on their undisputed debts.


The VII Amendment to the United States Constitution

In 1791, the VII Amendment to the United States Constitution states: "In Suits at common law, where the value i controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by jury shall be otherwise re-examined in any Court of the United States, than according to the rules of the common law."
The United States founding fathers provided for a trial by jury for disputed debts that exceeded twenty dollars because they knew that debts were a threat to individual freedom and to the sovereignty of the United States.
The VII Amendment to the Constitution provided the people a way to control their creditors and free themselves from economic slavery. Atrial by jury should be used today as a way to resolve disputed debts. The twenty dollar amount is still valid todayl.
It's the high interest rates and other forms of compensation for loaning money that makes it almost impossible for working people to repay the debts that keep them in economic slavery.


The Civil War

Between 1861 and 1865 there was civil war between the United States. It was called the Civil War, however it really does not matter what tname you put on a war, the bottom line is that wars are fought over economics.
The United States Civil War was a fight between the industrialists and the agriculturists, who both were producers, and their dispute was over labor.
Man's basic needs are food, clothing, and shelter. Here again, let us look at the economics:

What would be built;
Who will build it;
Who will get it; and
Who will pay the tax on it?

The industrialists had a need for a variable work force and could not afford to maintain a fixed laor force. The agriculturist required a fixed work force and was forced to mainain a fixed labor force; however, it was slavery.
Mankind's quality of life is determined by the profits made by the producers and the merchants. Neither the industrialists nor the agriculturalistsmade enough profit from the products they produced to provide acceptable pay to thir labor.


The XIII Amendment to the United States Constitution

In 1865, the XIII Amendment was added to the United States Constitution and states:
"Section 1. Neither Slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.
"Section 2. Congress shall have power to enforce this article by appropriate legislation."


Still no Solution

Neither the United States Civil War nor the XIII Amendment resolved the major reason the Civil War was fought. There still existed a major difference between the industrialists and the agricultruists: the cost of labor.
After the Civil War without slavery the sharecropper system was established and has grown into our modern-day migrant worker system.
The quality of life for the United States migrant workforce is still below the quality of life provided to the slaves prior to the XIII Amendment to the United States Constitution.
The beating has stopped, but the slavery still exists, though slaves are allowed to choose their masters.


Andrew Johnson Impeached

The primary reason Andrew Johnson was impeached was one of economices when he wanted to move Federal deposits from the established Federal cahrtered banks to State chartered banks.


The United States Gold Standard

In 1900, the United States was put on the gold standard, a monetary system in which every form of currency is convertible on demand into its legal equivalent in gold or gold coins.
The authority for the Congress to print and issur gold certificates was provided for by the United States Constitution, Article I, Section 8, Paragraph (5). It states: "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures."
The United States Congress established a fixed price for gold and silver. The Treasury printed and issued gold certificates as provided for by United States Constitution.


Beginning the 20th Century

In the beginning of the 20th Century, it is interesting to note, niney five percent (95%) of the workforce in the United States was self-employed. Self-employed people are producers and produce both goods and services and enjoy the fruits of their labor.

Cont...

[ericg]

The Money Merchants' Plan for the Banking and Commerce

The money merchants decided they wanted the "profits and control" of the banking and commerce int he United States but did not want the responsibility for the collection of taxes.
The United States Congress needed tax money to run the government. Therefore, the money merchants had to get the United States Congress to ammend the United States Constitution to give Congress the power to "tax the people," rather than to tax commerce.


Taxes

Black's Law Dictionary defines tax as "A pecuniary burden laid upon individuals or property to support the government and is a payment exacted by legislative authority."
Congress's legislative authority to tax commerce came from the United States Constitution, Article I, Section 8, Paragraph (1) and states: "The Congress shall have Power to lay and collect Taxes, Duties, Imposts, and Excises, to pay the Debts and provide for the commmon Defense and general Welfare of the United States; but all Duties, Imposts, and Excises shall be uniform throughout the United States."
The Constitution empowered the Congress to collect taxes from "goods" produced within and outside the United States."
In 1819, the Chief Justice of the United States Supreme Court, John Marshall, a Federalist, had said: "The power to tax involves the power to destroy."
Prior to 1913, the people who bought what was built, both from outside and within the United States, paid an indirect tax on these products. In other words, the Congress collected taxes on commerce to meet the monetary needs of the United States.
In 1913, the XVI Amendment was added to the United States Constitution which states: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration."
The XVI Amendment empowered Congress with the right to collect taxes from the people who produced both "goods and services" in the United States, and Congress retained its legislative authority to tax "goods" under the United States Constitution, Article I, Section 8, Paragraph (1)
In 1913, the Federal Reserve Act was passed by Congress.
In 1914, the Federal Trade Commission was created by Congress.
In 1928, the Chief Justice of the United States Supreme Court, Oliver Wendell Holmes, a Republican, said: "The power to tax is not the power to destroy while this Court sits."
In 1929, the United States banking system and stock market crashed and destroyed the United States economy.


The Federal Reserve System in the United States

In 1913, the Federal Reserve System was structured and agreed upon at a weekend meeting at Jekyll Island, Georgia, by the money merchants in the United States. The following week, the United States congress passed the Federal Reserve Act.


The Federal Reserve Banks

The Federal Reserve Act created the Federal Reserve System, a network of twelve privately owned Federal Reserve banks which:
Acts as agents in mainaining money reserves;
Issues money in the form of bank notes;
Lends money to member banks; and
Supervises member banks.

The Federal Reserve Board of Governors

The twilve privately owned Federal Reserve banks are administered by the Federal Reserve Board of Governors made up of seven members who are appointed by the President and confirmed by the Congress to:

Set reserve requirements for member banks;
Review and approve the discount rate of Federal Reserve bands;
Set ceilings on the rates of interest that banks can pay;
Issue regulations; and
Be members of the Federal Open Market Committee.


The Federal Open Market Committe

The Federal Open Market Committee is the principal instrument for implementing the Federal Board of Governors' Federal Reserve System's national monetary policy.


The Federal Trade Commission

In 1914, the United Stattes Congress created the Federal Trade Commission, and agency of the Federal government, and gave the administration of the agency to the Board of Governors of the Federal Reserve System -- the same seven members who oversee the Federal Reserve banks.


The Banking and Commerce in the United States

Congress, in fact, transferred the control of the united States banking and commerce to the newly formed Federal Reserve banks. The money merchants now owned the twelve Federal Reserve banks, and the seven members of the Federal Reserve Board of Governors had control over the "banking and commerce" in the United States.
Congress retained the responsibility for the collection of taxes; however, Congress now taxed the people rather than taxed commerce to obtain money to run the government. If Congress failed to collect enough taxes, the United States Treasury had to borrow the deficit from the twelve privately owned Federal Reserve banks.
Before 1913, the Congress taxed commerce. After 1913, the Congress taxed the working people in the United States who produced goods and services to meet the monetary needs of the United States Government.
Congress empowered the money merchants' control over banking and commerce in the United States, the same power that was granted to the Congress by the United States Constitution. Congress's authority to print and coin was provided for by the United States Constitution, Article I, Section 8, Paragraph (5), which states: "To coin Monew, regulate the Value thereof, and of foreign coin, and fix the Standard of Weights and Measures."
It is this author's opinion that the Federal Reserve Act is a direct violation of the United States Constitution and is no less than grand theft by the money merchants and gross negligence by members of Congress that voted for the act.
The Federal Reserve Borard of Governors determines the amount of money the United States needs. This need is based on their opinion and nothing more. They determine how much printed money to put in circulation and how much money will be on deposit in member banks.
The United States Treasury Deparment prints the Federal Reserve notes. These notes are a direct obligation of the United States Government for the twelve Federal Reserve banks.
The twelve privately owned Federal Reserve banks then issue the Federal Reserve notes into the Federal Reserve member banks, and the member banks issue the Federal Reserve notes to the public. The United States Treasury has all of the expense and the money merchants get all of the profit.
Abraham Lincoln saved the United States billions of dollars in interest during the Civil War becausse he did not borrow money to fight the war and, therefore, did not issue money against debt. Lincoln did not borrow money from the money merchants, he just printed money and issued money directly to the public.
Lincoln bet his life that he could fight a war without borrowing money from the money merchants. What happened to President Lincoln?


The Great Depression

It is this author's opinion that the 1929 bank and stock market failure was caused by Federal Reerve banks, too many changes to the banking system, and too many changes to commerce and tax laws in too short of a period of time. These changes to the banking, commerce, and tax laws were encouraged and supported by the Federal Reserve banks.
The Federal Reserve banks had control over all of the United States economy and were incapable of determining what would be built, who would build it, who would get it, and who would pay the tax on what was built.
Beginning in 1913, the people of the United States were again being ruled by a buch of self-serving elite money merchants who were incapable of controlling the producers, the merchants, and the consumers in the United States.

Cont...

[ericg]

Out With the Gold Standard in with the Silver Standard

In 1934, in an effort to get the United States economy out of economic ruin, the United States was taken off the gold standard, a monetary system in which every form of currency is convertible on demand into its legal equivalent in gold or gold coin, which was established in 1900; and the silver standard was implemented. Currency was converted to silver certificates, which were redeemable in silver.
In fact, capitalism failed in 1929, just as communism failed in 1990, because it, too, was being ruled by a bunch of self-serving elite money merchants.
It was President Roosevelt's New Deal, which was a socialist-like government program to produce jobs by borrowing and spending money, that brought the United States' economy out of a depression.
President John F. Kennedy ignored the Federal Reserve banks by printing money and issuing it directly, without borrowing the money from the Federal Reserve banks, to pay for his government giveaway programs. What happened to President Kennedy in 1963?


Out with the Silver Standard in with the Paper Standard

In 1964, silver certificates were replaced by Federal Reserve notes, and the silver content in U.S. coins was reduced and replaced with copper.
In 1913, the privately owned Federal Reserve banks were required to issue gold certificates.
In 1934, the privately owned Federal Reserve banks converted gold certificates to silver certificates.
In 1964, the privately owned Federal Reserve banks converted silver certificates into Federal Reserve notes. Federal Reserve notes are a form of currency in the likeness of noninterest-bearing promissory notes payable to the bearer on demand. These Federal Reserve notes are the direct obligation of the United States Government.


Federal Reserve Bank Note = Paper Money

Each Federal Reserve Bank note is identified by the bank's name around a letter or a number. "A-L" or "1-12" or both are printed on each Federal Reserve note as follows:

Federal Reserve Bank of Boston, Massachusetts: A or 1
Federal Reserve Bank of New York, New York: B or 2
Federal Reserve Bank of Philadelphia, Pennsylvania: C or 3
Federal Reserve Bank of Cleveland, Ohio: D or 4
Federal Reserve Bank of Richmond, Virginia: E or 5
Federal Reserve Bank of Atlanta, Georgia: F or 6
Federal Reserve Bank of Chicago, Illinois: G or 7
Federal Reserve Bank of St. Louis, Missouri: H or 8
Federal Reserve Bank of Minneapolis, Minnesota: I or 9
Federal Reserve Bank of Kansas City, Missouri: J or 10
Federal Reserve Bank of Dallas, Texas: K or 11
Federal Reserve Bank of San Francisco, California: L or 12

Federal Reserve banks add their money to the United States Government's money, then multiply the banks' total deposits by a fixed number and create Federal funds.
Federal Reserve banks then loan the newly formed Federal funds to member banks.
Federal funds are not moies that are owned by the United States Government.
Federal funds are money that is created on paper and belongs to the twelve privately owned Federal Reserve banks.
Federal Reserve member banks add their borrowed Federal funds to their money and their depositors' money. The banks' total deposits are then multiplied by a fixed number and thus creates even more paper money, which is owned by the member banks.
Federal Reserve member banks then loan money on paper to the public at rates between 5% to 26%.
The United States government does not receive any interest payment from the funds it has on deposit in the Federal Reserve banks.
Prior to 1934, people could demand gold or gold coin for their gold certificates. After 1934 and before 1964, they could demand silver or silver coin for their silver certificates. After 1964, they can demand new Federal Reserve notes for old Federal Reserve notes.
The twelve Federal Reserve banks are privately owned. The money merchants who own these unholy and unethical banks control the U.S. economy, most multinational corporations, and the three branches of the United States Government.
Money merchants take their profits from this "Sweetheart Deal" and buy stocks and bonds.
One percent of the population owns 50% of the U.S. stock market , and four percent of the population owns 35% of the U.S. stock market. In other words, 5% of the population owns 85% on the U.S. stock market. Fifty five percent of the population owns 15% of the U.S. stock market. That leaves 40% of the population without any interest in the U.S. stock market.
Most of the United States workers retirement funds are now invested in the United States stock market.


Banks in Themselves are Good and are not a Problem.

The problem is high interest rates and the unfairness in lending practices of loans made to the "haves" and "have-nots."
The Federal Reserve banks do not pay the United States Treasury anything for the use of Federal deposits.
Henry Ford, Sr. said, concerning the Federal Reserve System, "It is well enough that the people of the nation do not understand our banking and monetary system for, if they did, I believe there would be a revolution before tomorrow morning."


The Truth in Lending Act

In 1968 the Truth in Lending Act, in fact, wiped out the usury law in the United States.


The Fair Credit Reporting Act

The Fair Credit Reporting Act keeps track of consumer loans and credit card debt. The act, in fact, controls the modern economic slave trade in the United States today.
Today, debtors are nothing more than economic slaves. They cannot be physically beaten or lawfully killed, however they can be sold though the power of economics.
Today's modern economic slaves are allowed to choose their own masters, if and only if, they pay off their present master. Most modern economic slaves must obtain the money from a new master to pay off an old master.


The Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act is one of the best acts passed for the protection of the debtors.


Learn the Rules

Every debtor should obtain a copy of the above three acts from the United States Federal Trade Commission. (Copies are free upon request.)
Debtors should become familiar with these laws. If you are not in debt and do not want credit, these laws do not apply to you. These laws only apply to debtors.
In other words, they are laws to control and regulate the modern economic slave system in the United States.


The 50 Billion Dollar Pay Off

In January of 1999, the Federal Reserve banks were authorized to print an additional $50 billion worth of Federal Reserve notes. The reason given was to have additional cash on hand to prevent a run on the banks if a Year 2000 crisis occurs.
The real reason for the $50 billion payment was to keep the president in office and to create money to implement the money merchants' new plan.
Why use your own money when can just create money. Most presidents and most of the Congress are bought and paid for by the money merchants.

Cont...

[ericg]

The Money Merchants' Next Plan

Congress is now considering placing the admistration of the security industry and the insurance industry under the administration of the Federal Reserve Board of Governors. This would mean seven elite men would control the banking, commerce, insurance, and the securities industries in the United States. This should be a cause for alarm for the Congress. The fact that it is under discussion should put fear in the hearts of all people.


Jesus and the Money Changers

Just as Jesus ran the money changers out of the temple, money merchants must be controlled by legislative action.
Money merchants do play an important role in the United States economy. Their imaginary self-worth, their lack of self-respect, their disrespect for their fellowman, and their desire for the power of money make them a direct threat to the United States Government and a direct threat to individual freedom.


Self-Employment

Going into the 21st Century, it's interesting to note that ninety-five percent (95%) of the population works for either a privately owned company or a corporation, compared to 5% in 1900. In the 20th Century, self-employment has dropped from 95% to 5% in the United States.
As stated by Jerry Spence, "Today we now have more slaves than in any time in United States history."


In Summary

The United States Oath of Allegiance is administered to the President, to members of Congress, to Executive and Judicial officers, to certain public officers or officials, to members of the Armed Forces, to attornyes on beign admitted to the bar, and to aliens applying for naturalization. The oath requires a person to defend and obey the United States Constitution and laws.
This thesis is an attempt by the author, a former member of the United States Army and a former employee of the United States Government, to perform his duty to defend the United States Constitution from both domestic and foreign enemies.
The Federal Reserve banks are debtors, producers, and merchants. They borrow money from the United States Treasury; they produce more money; they loan money to the Federal Reserve member banks.
The Federal Reserve member banks are debtors, producers, and merchants. They borrow money from the Federal Reserve banks; they produce more money; they loan their money to the public and the United States Treasury.
The public and the United States Treasury are debtors and consumers in the Federal Reserve System. They pay all the costs of this unholy and unethical crime against the people of the United States.


A Solution

The United States Congress should pass a Nationalization Bank Act and nationalize the twelve Federal Reserve banks' stock, with compensation.
The money merchants who created the twelve Federal Reserve banks did not five monetary consideration for the United States Government banking rights, except in the form of bribes.
Federal Reserve banks' compensation should be the return of their initial capital investment, because they have been guaranteed and paid 10% APR on their initial investment since 1913. Compensate them for the stock, but without any capital appreciation. They have had enough profit. In other words, give the money merchants their money back and let them deposit their money in member banks and earn an interest rate like everyone else earns. They should have no future rights or membership in the Federal Reserve System.
Federal Reserve member banks' compensation should be the return of their initial capital investment, and they should retain their membership in the Federal Reserve System.
The Federal Reserve banks would, in fact, remain Federal Reserve banks; and the people who work in the Federal Reserve banks should become Federal employees with their present salary guaranteed for life with a CPI increase each year. However, federal employees would be used to replace the bank employees who die or retire.
The only change to the Federal Reserve banks should be Federal Government ownership, and the only changes to the member banksshouls be a national usury law enacted by Congress and the return of capital for the stock they own in the Federal Reserve banks.
The above action would free the United States Government and people from the unethical and unholy debt-generating system that the money merchants have placed on this nation. The profits from the Federal Reserve banks would be used to reduce the present national debt, and the U.S. Treasury could issue money into the member banks to cover any future deficit spending -- just as Presidents Lincoln and Kennedy did.
If the Federal Reserve Board of Governors can allow the present privately owned Federal Reserve banks to release generated money into the Federal Reserve System, then they can allow the U.S. Treasury to release money into the Federal Resereve System.
Any Federal Reserve System officer or employee suspected of sabotage would be charged with treason.
The United States Congress should create another National Academy to train United States banking officers for the Federal Reserve System just as it trains United States Military Officers.
Congress should consider an attack upon the nation's money supply as an attack upon the nation. God doesn't make slaves, debt makes slaves.


Well, there it is. Written during the Clinton administration around the end of the 20th cenetury, this breaks it down into lamens terms. An update.. in terms of the Bush Administration really ought to be done...

!!!Big Ups and more to Martin Luther King Jr.!!!

[D_Raay]

In the end, we will remember not the words of our enemies, but the silence of our friends.