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Money to the Bankers, Debts to the People
The Real Story of the Money-Control Over America
by
Sheldon Emry
This study on money is not copyrighted. It may be reproduced
in whole or in part for the purpose of helping the American people.
If the American people ever allow private banks to control the issue of
their money, first by inflation and then by deflation, the banks and
corporations that will grow up around them (around the banks), will deprive
the people of their property until their children will wake up homeless on
the continent their fathers conquered.
-
Thomas Jefferson
After I posted this article I got a comment from a friend:
BEWARE!!!
About time of Sheldon Emry's death, the Jews took over his
ministry. The original book by Sheldon Emry was called
"Billions for the Bankers: War, Taxes & Debts for the People".
About the time of Sheldon Emry's death about 20 years ago, the title
was changed to it's present title and a crucially important change was
made to the book. In the cartoon on page 18 of the new book, two words
were deleted and four words were added. The deleted words were "not
loaned" and the added words were "or loaned (interest free)" so that the
new caption reads "money issued, spent or loaned (interest free) into
circulation" whereas the original book (no longer available) read "issued
or spent (not loaned)" into circulation. A PROFOUND DIFFERENCE.
This difference is discussed at length in my books.
Americans, living in what is called the richest nation on earth, seem
always to be short of money. Wives are working in unprecedented numbers,
husbands hope for overtime hours to earn more, or take part-time jobs evenings
and weekends, children look for odd jobs for spending money, the family debt
climbs higher, and psychologists say one of the biggest causes of family
quarrels and breakups is "arguments over money." Much of this trouble can be
traced to our present "debt-money" system.
Too few Americans realize why Christian Statesmen wrote into Article I of
the U.S. Constitution:
Congress shall have the Power to Coin Money and Regulate the Value
Thereof.
They did this, as we will show, in prayerful hope it would prevent "love of
money" from destroying the Republic they had founded. We shall see how
subversion of Article I has brought on us the "evil" of which God's Word had
warned.
Money is Man's Only "Creation"
Economists use the term "create" when speaking of the process by which
money comes into existence. Now, creation means making something that did not
exist before. Lumbermen make boards from trees, workers build houses from
lumber, and factories manufacture automobiles from metal, glass and other
materials. But in all these they did not "create," they only changed existing
materials into a more usable and, therefore, more valuable form. This is not
so with money. Here, and here alone, man actually "creates" something out of
nothing. A piece of paper of little value is printed so that it is worth a
piece of lumber. With different figures it can buy the automobile or even the
house. Its value has been "created" in the true meaning of the word.
Money "Creating" Profitable
As is seen by the above, money is very cheap to make, and whoever does the
"creating" of money in a nation can make a tremendous profit! Builders work
hard to make a profit of 5% above their cost to build a house.
Auto makers sell their cars for 1% to 2% above the cost of manufacture and
it is considered good business. But money "manufacturers" have no limit on
their profits, since a few cents will print a $1 bill or a $10,000 bill.
That profit is part of our story, but first let us consider another unique
characteristic of the thing -- money, the love of which is the "root of all
evil."
Adequate Money Supply Needed
An adequate supply of money is indispensable to civilized society. We could
forego many other things, but without money industry would grind to a halt,
farms would become only self-sustaining units, surplus food would disappear,
jobs requiring the work of more than one man or one family would remain
undone, shipping and large movements of goods would cease, hungry people would
plunder and kill to remain alive, and all government except family or tribe
would cease to function.
An overstatement, you say? Not at all. Money is the blood of civilized
society, the means of all commercial trade except simple barter. It is the
measure and the instrument by which one product is sold and another purchased.
Remove money or even reduce the supply below that which is necessary to carry
on current levels of trade, and the results are catastrophic. For an example,
we need only look at America's Depression of the early 1930's.
The Bankers Depression of the 1930's
In 1930 America did not lack industrial capacity, fertile farmland, skilled
and willing workers or industrious farm families. It had an extensive and
highly efficient transportation system in railroads, road networks, and inland
and ocean waterways. Communications between regions and localities were the
best in the world, utilizing telephone, teletype, radio, and a well-operated
government mail system. No war had ravaged the cities or the countryside, no
pestilence weakened the population, nor had famine stalked the land. The
United States of America in 1930 lacked only one thing: an adequate supply of
money to carry on trade and commerce.
In the early 1930's, Bankers, the only source of new money and credit,
deliberately refused loans to industries, stores and farms. Payments on
existing loans were required however, and money rapidly disappeared from
circulation. Goods were available to be purchased, jobs waiting to be done,
but the lack of money brought the nation to a standstill. By this simple ploy
America was put in a "depression" and the greedy Bankers took possession of
hundreds of thousands of farms, homes, and business properties. The people
were told, "times are hard," and "money is short." Not understanding the
system, they were cruelly robbed of their earnings, their savings, and their
property.
Money for Peace? No! Money for War? Yes!
World War II ended the "depression." The same Bankers who in the early 30's
had no loans for peacetime houses, food and clothing, suddenly had unlimited
billions to lend for Army barracks, K-rations and uniforms! A nation that in
1934 couldn't produce food for sale, suddenly could produce bombs to send free
to Germany and Japan! (More on this riddle later.)
With the sudden increase in money, people were hired, farms sold their
produce, factories went to two shifts, mines re-opened, and "The Great
Depression" was over! Some politicians were blamed for it and others took
credit for ending it. The truth is the lack of money (caused by the Bankers)
brought on the depression, and adequate money ended it. The people were never
told that simple truth and in this article we will endeavor to show how these
same Bankers who control our money and credit have used their control to
plunder America and place us in bondage.
Power to Coin and Regulate Money
When we can see the disastrous' results of an artificially created shortage
of money, we can better understand why our Founding Fathers, who understood
both money and God's Laws, insisted on placing the power to "create" money and
the power to control it ONLY in the hands of the Federal Congress. They
believed that ALL citizens should share in the profits of its "creation" and
therefore the national government must be the ONLY creator of money. They
further believed that ALL citizens, of whatever State or Territory, or station
in life would benefit by an adequate and stable currency and therefore, the
national government must also be, by law, the ONLY controller of the value of
money.
Since the Federal Congress was the only legislative body subject to all the
citizens at the ballot box, it was, to their minds, the only safe depository
of so much profit and so much power. They wrote it out in the simple, but
all-inclusive: "Congress shall have the Power to Coin Money and Regulate the
Value Thereof."
How the People Lost Control
to the Federal Reserve
Instead of the Constitutional method of creating our money and putting it
into circulation, we now have an entirely unconstitutional system. This has
resulted in almost disastrous conditions, as we shall see.
Since our money was handled both legally and illegally before 1913, we
shall consider only the years following 1913, since from that year on, ALL of
our money has been created and issued by an illegal method that will
eventually destroy the United States if it is not changed. Prior to 1913,
America was a prosperous, powerful, and growing nation, at peace with its
neighbors and the envy of the world. But -- in December of 1913, Congress,
with many members away for the Christmas holidays, passed what has since been
known as the FEDERAL RESERVE ACT. (For the full story of how this infamous
legislation was forced through our Congress, read Conquest or Consent, by W.
B. Uennard). Omitting the burdensome details, it simply authorized the
establishment of a Federal Reserve Corporation, with a Board of Directors (The
Federal Reserve Board) to run it, and the United States was divided into 12
Federal Reserve "Districts."
This simple, but terrible, law completely removed from Congress the right
to "create" money or to have any control over its "creation," and gave that
function to the Federal Reserve Corporation. This was done with appropriate
fanfare and propaganda that this would "remove money from politics" (they
didn't say "and therefore from the people's control") and prevent "Boom and
Bust" from hurting our citizens. The people were not told then, and most still
do not know today, that the Federal Reserve Corporation is a private
corporation controlled by bankers and therefore is operated for the financial
gain of the bankers over the people rather than for the good of the people.
The word "Federal" was used only to deceive the people.
More Disastrous Than Pearl Harbor
Since that "day of infamy," more disastrous to us than Pearl Harbor, the
small group of "privileged" people who lend us "our" money have accrued to
themselves all of the profits of printing our money -- and more! Since 1913
they have "created" tens of billions of dollars in money and credit, which, as
their own personal property, they then lend to our government and our people
at interest. "The rich get richer and the poor get poorer" had become the
secret policy of our National Government. An example of the process of
"creation" and its conversion to people's "debt" will aid our understanding.
They Print It --
We Borrow It and Pay Them Interest
We shall start with the need for money. The Federal Government, having
spent more than it has taken from its citizens in taxes, needs, for the sake
of illustration, $1,000,000,000. Since it does not have the money, and
Congress has given away its authority to "create" it, the Government must go
the the "creators" for the $1 billion. But, the Federal Reserve, a private
corporation, doesn't just give its money away! The Bankers are willing to
deliver $1,000,000,000 in money or credit to the Federal Government in
exchange for the Government's agreement to pay it back -- with interest! So
Congress authorizes the Treasury Department to print $1,000,000,000 in U.S.
Bonds, which are then delivered to the Federal Reserve Bankers.
The Federal Reserve then pays the cost of printing the $1,000,000,000
(about $1,000) and makes the exchange. The Government then uses the money to
pay its obligations. What are the results of this fantastic transaction? Well,
$1 billion in Government bills are paid all right, but the Government has now
indebted the people to the Bankers for $1 billion on which the people must pay
interest! Tens of thousands of such transactions have taken place since 1913
so that by the 1980's, the U.S. Government is indebted to the Bankers for over
$1,000,000,000,000 (trillion) on which the people pay over $100 billion a year
in interest alone with no hope of ever paying off the principal. [In 1995, the
total Federal Debt has grown to over $5 trillion, with an annual interest
payment of $203 billion, 14% of the federal budget. -Ed] Supposedly our
children and following generations will pay forever and forever!
And There's More
You say, "This is terrible!" Yes, it is, but we have shown only part of the
sordid story. Under this unholy system, those United States Bonds have now
become "assets" of the Banks in the Reserve System which they then use as
"reserves" to "create" more "credit" to lend. Current "reserve" requirements
allow them to use that $1 billion in bonds to "create" as much as $15 billion
in new "credit" to lend to States, Municipalities, to individuals and
businesses. Added to the original $1 billion, they could have $16 billion of
"created credit" out in loans paying them interest with their only cost being
$1,000 for printing the origina1 $1 billion! Since the U.S. Congress has not
issued Constitutional money since 1863 (over 100 years), in order for the
people to have money to carry on trade and commerce they are forced to borrow
the "created credit" of the Monoply Bankers and pay them usury-interest!
And There's Still More
In addition to the vast wealth drawn to them through this almost unlimited
usury, the Bankers who control the money at the top are able to approve or
disapprove large loans to large and successful corporations to the extent that
refusal of a loan will bring about a reduction in the price that that
Corporation's stock sells for on the market. After depressing the price, the
Bankers' agents buy large blocks of the stock, after which the sometimes
multi-million dollar loan is approved, the stock rises, and is then sold for a
profit. In this manner billions of dollars are made with which to buy more
stock. This practice is so refined today that the Federal Reserve Board need
only announce to the newspapers an increase or decrease in their "rediscount
rate" to send stocks up and down as they wish. Using this method since 1913,
the Bankers and their agents have purchased secret or open control of almost
every large corporation in America. Using that control, they then force the
corporations to borrow huge sums from their banks so that corporation earnings
are siphoned off in the form of interest to the banks. This leaves little as
actual "profits" which can be paid as dividends and explains why stock prices
are so depressed, while the banks reap billions in interest from corporate
loans. In effect, the bankers get almost all of the profits, while individual
stock holders are left holding the bag.
The millions of working famlies of America are now indebted to the few
thousand Banking Families for twice the assessed value of the entire United
States. And these Banking Families obtained that debt against us for the cost
of paper, ink, and bookkeeping!
The Interest Amount is Never Created
The only way new money (which is not true money, but is "credit"
representing a debt), goes into circulation in America is when it is borrowed
from Bankers. When the State and people borrow large sums, we seem to prosper.
However, the Bankers "create" only the amount of the principal of each loan,
never the extra amount needed to pay the interest. Therefore, the new money
never equals the new debt added. The amounts needed to pay the interest on
loans is not "created," and therefore does not exist!
Under this kind of a system, where new debt aiways exceeds the new money no
matter how much or how little is borrowed, the total debt increasingly
outstrips the amount of money available to pay the debt. The people can never,
ever get out of debt!
An example will show the viciousness of this usury-debt system with its
"built-in" shortage of money.
If $60,000 is Borrowed,
$255,931.20 Must Be Paid Back
When a citizen goes to a Banker to borrow $60,000 to purchase a home or a
farm, the Bank clerk has the borrower agree to pay back the loan plus
interest. At 14% interest for 30 years, the Borrower must agree to pay $710.92
per month for a tota1 of $255,931.20. The clerk then requires the citizen to
assign to the Banker the right of ownership of the property if the Borrower
does not make the required payments. The Bank clerk then gives the Borrower a
$60,000 check or a $60,000 deposit slip crediting the Borrower's checking
account with $60,000.
The Borrower then writes checks to the builder, subcontractors, etc., who
in turn write checks. $60,000 of new "checkbook" money is thereby added to
"money in circulation."
However, and this is the fatal flaw in a usury system, the only new money
created and put into circulation is the amount of the loan, $60,000. The money
to pay the interest is NOT created, and therefore was NOT added to "money in
circulation."
Even so, this Borrower (and those who follow him in ownership of the
property) must earn and TAKE OUT OF CIRCULATION $255,931, almost $200,000 MORE
than he put IN CIRCULATION when he borrowed the origina1 $60,000. (By the way,
it is this interest which cheats all families out of nicer homes. It is not
that they can't afford them; it is because the Banker's usury forces them to
pay for 4 homes to get one!)
Every new loan puts the same process in operation. Each borrower adds a
small sum to the total money supply when he borrows, but the payments on the
loan (because of interest) then deduct a much LARGER sum from the total money
supply.
There is therefore no way all debtors can pay off the money-lenders. As
they pay the principal and interest, the money in circulation disappears. All
they can do is struggle against each other, borrowing more and more from the
money-lenders each generation. The money-lenders (Bankers), who produce
nothing of value, slowly, then more rapidly, gain a death grip on the land,
buildings, and present and future earnings of the whole working population.
Proverbs 22:7 has come to pass in America. The borrowers have become the
servants of the lenders. No wonder God Almighty forbids interest on loans.
Small Loans Do the Same Thing
If you haven't quite grasped the impact of the above, let us consider a
small auto loan for 3 years at 18% interest. Step 1: Citizen borrows $5,000
and pays it into circulation (it goes to the dealer, factory, miner, etc.) and
signs a note agreeing to pay the Banker $6,500. Step 2: Citizen pays $180 per
month of his earnings to the Banker. In 3 years he will take OUT of
circulation $1,500 more than he put IN circulation.
Every loan of Banker "created" money (credit) causes the same thing to
happen. Since this has happened millions of times since 1913 (and continues
today), you can see why America has gone from a prosperous, debt-free nation
to a debt-ridden nation where practically every home, farm and business is
paying usury-tribute to some Banker. The usury-tribute to the Bankers on
personal, local, State and Federal debt totals more than the combined earnings
of 25% of the working people. Soon it will be 50% and continue up.
This is Why Bankers Prosper in Good Times or
Bad
In the millions of transactions made each year like those above, little
actual currency changes hands, nor is it necessary that it do so. 95% of all
"cash" transactions in the U.S. are by check, so the Banker is perfectly safe
in "creating" that so-called "loan" by writing the check or deposit slip, not
against actual money, but AGAINST YOUR PROMISE TO PAY IT BACK! The cost to him
is paper, ink and a few dollars in salaries and office costs for each
transaction. It is "check-kiting" on an enormous scale. The profits increase
rapidly, year after year, as shown below.
The Cost To You? Eventually, Everything!
In 1910 the U.S. Federal debt was only $1 billion, or $12.40 per citizen.
State and local debts were practically non-existent.
By 1920, after only 6 years of Federal Reserve shenanigans, the Federal
debt had jumped to $24 billion, or $228 per person.
In 1960 the Federal debt reached $284 billion, or $1,575 per citizen and
State and local debts were mushrooming.
By 1981 the Federal debt passed $1 trillion and was growing exponentially
as the Banker's tripled the interest rates. State and local debts are now MORE
than the Federal, and with business and personal debts totalled over $6
trillion, 3 times the value of all land and buildings in America.
lf we signed over to the money-lenders all of America we would still owe
them 2 more Americas (plus their usury, of course!)
However, they are too cunning to take title to everything. They will
instead leave you with some "illusion of ownership" so you and your children
will continue to work and pay the Bankers more of your earnings in
ever-increasiag debts. The "establishment" has captured our people with their
ungodly system of usury and debt as certainly as if they had marched in with a
uniformed army.
For The Gamblers Among My Readers
To grasp the truth that periodic withdrawal of money through interest
payments will inexorably transfer all wealth in the nation to the receiver of
interest, imagine yourself in a poker or dice game where everyone must buy the
chips (the medium of exchange) from a "banker" who does not risk chips in the
game, but watches the table and every hour reaches in and takes 10% to 15% of
all the chips on the table. As the game goes on, the amount of chips in the
possession of each player will go up and down with his "luck." However, the
TOTAL number of chips available to play the game (carry on trade and business)
will decrease rapidly.
The game will get low on chips, and some will run out. If they want to
continue to play, they must buy or borrow them from the "banker." The "banker"
will sell (lend) them ONLY if the player signs a "mortgage" agreeing to give
the "banker" some real property (car, hnme, farm, business, etc.) if he cannot
make periodic payments to pay back all of the chips plus some EXTRA ones
(interest). The payments must be made on time, whether he wins (makes a
profit) or not.
It is easy to see that no matter how skillfully they play, eventually the
"banker" will end up with all of his original chips back, and except for the
very best players, the rest, if they stay in long enough, will lose to the
"banker" their homes, their farms, their businesses, perhaps even their cars,
watches, rings, and the shirts off their backs!
Our real-life situation is MUCH WORSE than any poker game. In a poker game
none is forced to go into debt, and anyone can quit at any time and keep
whatever he still has. But in real life, even if we borrow little ourselves
from the Bankers, the local, State, and Federal governments borrow billions in
our name, squander it, then confiscate our earnings from us and pay it back to
the Bankers with interest. We are forced to play the game, and none can leave
except by death. We pay as long as we live, and our children pay after we die.
If we cannot pay, the same government sends the police to take our property
and give it to the Bankers. The Bankers risk nothing in the game; they just
collect their percentage and "win it all." In Las Vegas and at other gambling
centers, all games are "rigged" to pay the owner a percentage, and they rake
in millions. The Federal Reserve Bankers' "game" is also rigged, and it pays
off in billions!
In recent years Bankers added real "cards" to their game. "Credit" cards
are promoted as a convenience and a great boon to trade. Actually, they are
ingenious devices by which Bankers collect 2% to 5% of every retail sale from
the seller and 18% interest from buyers. A real "stacked" deck!
Yes, It's Political, Too
Democrat, Republican, and Independent voters who have wondered why
politicians always spend more tax money than they take in should now see the
reason. When they begin to study our "debt-money" system, they soon realize
that these politicians are not the agents of the people but are the agents of
the Bankers, for whom they plan ways to place the people further in debt. It
takes only a little imagination to see that if Congress had been "creating,"
and spending or issuing into circulation the necessary increase in the money
supply, THERE WOULD BE NO NATIONAL DEBT, and the over $4 Trillion of other
debts would be practically non-existent. Since there would be no ORIGINAL cost
of money except printing, and no CONTINUING costs such as interest, Federal
taxes would be almost nil. Money, once in circulation, would remain there and
go on serving its purpose as a medium of exchange for generation after
generation and century after century, just as coins do now, with NO payments
to the Bankers whatever!
Mounting Debts and Wars
But instead of peace and debt-free prosperity, we have ever-mounting debt
and periodic wars. We as a people are now ruled by a system of Banker-owned
Mammon that has usurped the mantle of government, disguised itself as our
legitimate government, and set about to pauperize and control our people. It
is now a centralized, all-powerful political apparatus whose main purposes are
promoting war, spending the peoples' money, and propagandizing to perpetuate
itself in power. Our two large political parties have become its servants. the
various departments of government its spending agencies, and the Internal
Revenue its collection agency.
Unknown to the people, it operates in close cooperation with similar
apparatuses in other nations, which are also disguised as "governments." Some,
we are told, are friends. Some, we are told, are enemies. "Enemies" are built
up through international manipulations and used to frighten the American
people into going billions of dollars more into debt to the Bankers for
"military preparedness," "foreign aid to stop communism," "minority rights,"
etc. Citizens, deliberately confused by brainwashing propaganda, watch
helplessly while our politicians give our food, goods, and money to
Banker-controlled alien governments under the guise of "better relations" and
"easing tensions." Our Banker-controlled government takes our finest and
bravest sons and sends them into foreign wars with obsolete equipment and
inadequate training, where tens of thousands are murdered, and hundreds of
thousands are crippled. Other thousands are morally corrupted, addicted to
drugs, and infected with venereal and other diseases, which they bring back to
the United States. When the "war" is over, we have gained nothing, but we are
scores of billions of dollars more in debt to the Bankers, which was the
reason for the "war" in the first place!
And There's More
The profits from these massive debts have been used to erect a complete and
almost hidden economic and political colossus over our nation. They keep
telling us they are trying to do us "good," when in truth they work to bring
harm and injury to our people. These would-be despots know it is easier to
control and rob an ill, poorly-educated and confused people than it is a
healthy and intelligent population, so they deliberately prevent real cures
for diseases, they degrade our educational systems, and they stir up social
and racial unrest. For the same reason they favor drug use, alcohol, racial
intermarriage, sexual promiscuity, abortion, pornography, and crime.
Everything which debilitates the minds and bodies of the peeple is secretly
encouraged, as it makes the people less able to oppose them or even to
understand what is being done to them.
Family, morals, love of Country, the Christian religion, all that is
honorable is being swept away, while they try to build their new, subservient
man. Our new "rulers" are trying to change our whole racial, social,
religious, and political order, but they will not change the debt-money
economic system by which they rob and rule. Our people have become tenants and
"debt-slaves" to the Bankers and their agents in the land our fathers
conquered. It is conquest through the most gigantic fraud and swindle in the
history of mankind. And we remind you again: The key to their wealth and power
over us is their ability to create "money" out of nothing and lend it to us at
interest. If they had not been allowed to do that, they would never have
gained secret control of our nation. How true Solomon's words are: "The
rich ruleth over the poor, and the borrower is servant to the lender"
(Proverbs 22:7).
God Almighty warned in the Bible that one of the curses which would come
upon His People for disobeying His Laws was:
The stranger that is within thee shall get up above thee very high; and
thou shalt come down very low. He shall lend to thee, and thou shalt not
lend to him; he shall be the head, and thou shalt be the tail [Deut. 28:
44-45].
Most of the owners of the largest banks in America are of Eastern European
ancestry and connected with the Rothschild European banks. Has that warning
come to fruition in America?
Let us now consider the correct method of providing the medium of exchange
(money) needed by our people.
The Constitutional Way --
Every Citizen A Stockholder
If we would have used the Consistutional way of "creating" the money needed
in the nation, the Federal Congress would spend most of its time and study on
the issuance and control of an adequate supply of stable money for the people.
If an increase of population and production required an increase in the medium
of exchange, Congress would authorize the "coining," (i.e., printing) of the
determined amount. Some could be used to pay current legitimate expenses of
the Federal Government, with the balance paid directly to the citizens.
Records for payment would be similar to Social Security records, except a
citizen would be recorded at birth, instead of when he first goes to work.
Each person on the records as of the date of the Congressional authorization
would receive an equal amount just as if he were a stockholder holding one
share. Just think -- a payment of only $20 to each citizen would put $4
billion of debt-free and interest-free money into circulation.
Such a suggestion always scares the Bankers. Their propagandists will
immediately cry, "printing press money," and warn that it would soon be
"worthless" and would "cause inflation."
The truth is their immense usury charges on their "created" credit (our
debt) is the sole cause of "inflation." All prices on all industry, trade and
labor must be raised periodically to pay the ever increasing usury charges.
That is the ONLY cause of higher prices, and the money-changers spend millions
in propaganda to keep you from realizing that.
The money-creators (Bankers) know that if we ever tried a Constitutional
issue of debt-free, interest-free currency, even a limited issue, the benefits
would be apparent immediately. That they must prevent. Abraham Lincoln was the
last President to issue such debt-free and interest-free currency (in 1863)
and he was assassinated shortly thereafter.
No Banker's Plunder
Under a Constitutional system no private banks would exist to rob the
people. Government banks under the control of the people's representatives
would issue and control all money and credit. They would issue not only actual
currency, but could lend limited credit at no interest for the purchase of
capital goods, such as homes. A $60,000 loan would require only $60.000
repayment, not $255,931 as it is now. Everyone who supplied materials and
labor for the home would get paid just as they do today, but the Bankers would
NOT get $195,931 in usury, AND THAT IS WHY THEY RIDICULE AND DESTROY ANYONE
SUGGESTING GOVERNMENT (CITIZENS') MONEY WITHOUT INTEREST AND WITHOUT DEBT.
History tells us of debt-free and interest-free money issued by
governments. The American colonies did it in the 1700's and their wealth soon
rivalled England and brought restrictions from Parliament, which led to the
Revolutionary War. Abraham Lincoln did it in 1863 to help finance the Civil
War. He was later assassinated by an agent of the Rothschild Bank. No
debt-free or interest-free money has been issued in America since then.
Several Arab nations issue interest-free loaas to their citizens today. The
Saracean Empire forbad interest on money for 1,000 years, and its wealth
outshone even Saxon Europe. Mandarin China issued its own money, interest-free
and debt-free, and historians and collectors of art today consider those
centuries to be China's time of greatest wealth, culture and peace.
Germany issued deht-free and interest-free money from 1935 and on,
accounting for its startling rise from the depression to a world power in 5
years. Germany financed its entire, government and war operation from 1935 to
1945 without gold and without debt, and it took the whole Capitalist and
Communist world tn destroy the German power over Europe and bring Europe back
under the heel of the Bankers. Such history of money does not even appear in
the textbooks of public (government) schools today.
Issuing money which doesn't have to be paid back in interest leaves the
money available to use in the exchange of goods and services and its only
continuing cost is replacement as the paper wears out. Money is the paper
ticket by which such transfers are made and should always be in sufficient
quantity to transfer all possible production of the nation to ultimate
consumers.
It is as ridiculous for a nation to say to its citizens, "You must consume
less because we are short of money," as it would be for an Airline to say "Our
planes are flying, but we can't take you because we are short of tickets."
Why You Haven't Known
We realize this small, and necessarily incomplete, article on money may be
charged with oversimplification. Some may say that if it is that simple the
people would have known about it, and it could not have happened. But this
MONEY-LENDERS' consPIRACY is as old as Babylon, and even in America it dates
far back before the year 1913. Actually, 1913 may be considered the year a
which their previous plans came to fruition, and the way opened for complete
economic conquest of our people. The consPIRACY is old enough in America so
that its agents have been, for many years, in positions such as newspaper
publishers, editors, columnists, church ministers, university presidents,
professors, textbook writers, labor union leaders, movie makers, radio and TV
commentators, politicians from school board members to U.S. presidents, and
many others.
Controlled News and Information
These agents control the information available to our people. They
manipulate public opinion, elect whom they will locally and nationally, and
never expose the crooked money system. They promote school bonds, municipal
bonds, expensive and detrimental farm programs, "urban renewal," foreign aid,
and many other schemes which will put the people more into debt to the
Bankers. Thoughtful citizens wonder why billions are spent on one program and
billions on another which may duplicate it or even nullify it, such as paying
some farmers not to raise crops, while at the same time building dams or
canals to irrigate more farm land. Crazy or stupid? Neither. The goal is more
debt. Thousands of government-sponsored ways to waste money go on continually.
Most make no sense, but they are never exposed for what they really are,
builders of "billions for the bankers and debts for the people."
So-called "economic experts" write syndicated columns in hundreds of
newspapers, craftily designed to prevent the people from learning the simple
truth about our money system. Commentators on radio and TV, preachers,
educators, and politicians blame the people as wasteful, lazy, or
spend-thrift, and blame the workers and consumers for the increase in debts
and the inflation of prices, when they know the cause is the debt-money system
itself. Our peopie are literally drowned in charges and counter-charges
designed to confuse them and keep them from understanding the unconstitutional
and evil money-system that is so efficiently and silently robbing the farmers,
the workers, and the businessmen of the fruits of their labors and of their
freedoms.
When some few Patriotic people or organizations who know the truth begin to
expose them or try to stop any of their mad schemes, they are ridiculed and
smeared as "right-wing extremists," "super-patriots," "ultra-rightists,"
"bigots," "racists," even "fascists" and "anti-semites." Any name is used
which will cause them to shut up or will at least stop other people from
listening to the warning they are giving. Articles and books such as you are
now reading are kept out of schools, libraries, and book stores.
Some, who are especially vocal in their exposure of the treason against our
people, are harassed by government agencies such as the EPA, OSHA, the IRS,
and others, causing them financial loss or bankruptcy. Using the above
methods, they have been completely successful in preventing most Americans
from learning the things you have read in this pamphlet. However, in spite of
their control of information, they realize many citizens are learning the
truth. Therefore, to prevent violence or armed resistance to their plunder of
America, they plan to register all firearms and eventually to disarm all
citizens. They have to eliminate most guns, except those in the hands of their
government police and army.
Tell The People
The "almost hidden" conspirators in politics, religion, education,
entertainment, and the news media are working for a Banker-owned United States
in a Banker-owned world under a Banker-owned World Government!
Love of Country, compassion for your Race, and concern for your children
should make you deeply interested in this, America's greatest problem, for our
generation has not suffered under the "yoke" as the coming generations will.
Usury and taxes will continue to take a larger and larger part of the annual
earnings of the people and put them into the pockets of the Bankers and their
political Agents. Increasing "government" regulations will prevent citizen
protest and opposition to their control. Is it possible that your
grandchildren will own neither home nor car, but will live in
"government-owned" apartments and ride to work in "governent-owned" buses
(both paying usury to the Bankers), AND BE ALLOWED TO KEEP JUST ENOUGH OF
THEIR EARNINGS TO BUY A MINIMUM OF FOOD AND CLOTHING while their Rulers wallow
in luxury? In Asia and eastern Europe it is called "communism;" in America it
is called "Democracy" and "Capitalism."
America will not shake off her Banker-controlled dictatorship as long as
the people are ignorant of the hidden controllers. International financiers,
who control most of the governments of the nations, and most sources of
information, seem to have us completely within their grasp. They are afraid of
only one thing: an awakened Patriotic Citizenry, armed with the truth, and
with a trust in Almighty God for deliverance. This pamphlet has given you the
truth about their iniquitous system. What you do with it is in your hands, as
in the hands of Divine Providence. "The fear of man bringeth a snare; but
whoso putteth his trust in the Lord shall be safe (Proverbs 29: 25).
May Jesus Christ both enlighten and have mercy on America.
Audit The Federal Reserve System?
The Federal Reserve has never been audited by the government since it took
over our money and credit in 1913. In 1975 a bill, H.R. 4316, to require an
audit was introduced in Congress.
During the April, 1975 hearings, this author submitted a statement favoring
the audit, as did many others. Due to pressure from the money controllers, it
was not passed. No audit of the Fed has ever been made.
Why Haven't They Told You?
Why haven't they told you about this scandal -- the greatest fraud in
history which has caused Americans and others to spill oceans of blood, pay
trillions of dollars interest on fraudulent loans and burden themselves with
unnecessary taxes?
Who are "they"? "They" are all of the politicians of the two old parties
and elected officials. All "educational" groups like the League of Women
Voters, the Heritage Foundation and the American Civil Liberties Union (ACLU).
All news services, such as the Associated Press and the United Press
International. All daily newspapers, including the New York "Times" and Los
Angeles "Times." All weekly "news" magazines, such as "Time" and "Newsweek."
All economics and history professors at all colleges and universities. All
financial newsletter publishers. All labor leaders. All televangelists, your
local minister, priest or rabbi. All of the above and more are hiding the
truth from you.
Fortunately, groups of patriots in every state know the truth and are
fighting the bankers' plans to dump our Constitution into the UN garbage pail.
The best-organized and most potent of these is Liberty Lobby, the nation's
first citizens' action group, now 30 years old (300 Independence Ave., S.E.,
Washington, D.C. 20003).
To save your freedom and to keep abreast of the maneuverings of the
internationalists, and to learn what patriots all over the U.S. are doing to
fight them, you should read The SPOTLIGHT, a weekly newspaper
published for consumers, taxpayers and voters, and not for the special
interests.
One year (52 weekly issues) costs $30, less than 60 cents per week. You can
subscribe now by writing to The SPOTLIGHT, 300 Independence Ave., S.E.,
Washington; D.C. 20003 or by calling this toll-free number: 1-800-522-6292
When the credit/debt bubble is pricked by the bankers they will foreclose
on America. Then, they will own it all. There may be a "managed chaos" --
riots and terrorism -- to alarm the people with the fear of anarchy as the
bankers prepare to impose a communistic dictatorship on America as the
"solution" for the problems they, themselves, have created.
Only an educated people will be able to resist the lies of the bankers'
stooges. This is why it is important for you to know the truth about how the
bankers make billions for themselves and bring debts to the people.
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