"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
Americans, living in what is called the
richest nation on earth, seem always to be short of
money. Wives are working in unprecedented numbers, husbands hope for overtime
hours to earn more, or take part-time jobs evenings and weekends, children
look for odd jobs for spending money, the family debt climbs higher, and
psychologists say one of the biggest causes of family quarrels and breakups
is "arguments over money." Much of this trouble can be traced to
our present "debt-money" system. Too few Americans realize why our
founding fathers wrote into Article I of the U.S. Constitution: Congress
shall have the Power to Coin Money and Regulate the Value Thereof.
They did this, as we will show, in prayerful
hope it would prevent "love of money" from destroying the Republic
they had founded. We shall see how subversion of Article I has
brought upon us the horrors of which Jefferson had warned.
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
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."
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.
BANKERS DEPRESSION OF THE 1930's
In 1930 America did not lack industrial
capacity, fertile-farm land, skilled and willing workers or industrious farm
families. It had an extensive and highly efficient transportation system in
railroads, road networks, and inland and ocean waterways. Communications
between regions and localities were the best in the world, utilizing
telephone, teletype, radio, and a well-operated government mail system. No
war had ravaged the cities or the countryside, no pestilence weakened the
population, nor had famine stalked the land. The United States of America in
1930 lacked only one thing: an adequate supply of money to carry on trade and
commerce. In the early 1930's, Bankers, the only source of new money and
credit, deliberately refused loans to industries, stores and farms.
Payments on existing loans were required
however, and money rapidly disappeared from circulation. Goods were available
to be purchased, jobs waiting to be done, but the lack of money brought the
nation to a standstill.
By this simple ploy America was put in a
"depression" and the greedy Bankers took possession of hundreds of
thousands of farms, homes, and business properties. The people were told,
"times are hard," and "money is short." Not understanding
the system, they were cruelly robbed of their earnings, their savings, and
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.
TO COIN AND REGULATE MONEY
When we can see the disastrous results of an
artificially created shortage of money, we can better understand why our
Founding Fathers insisted on placing the power to "create" money
and the power to control it ONLY in the hands of the Federal Congress. They
believed that ALL citizens should share in the profits of its
"creation" and therefore the national government must be the ONLY
creator of money. They further believed that ALL citizens, of whatever State
or Territory, or station in life would benefit by an adequate and stable
currency and therefore, the national government must also be, by law, the
ONLY controller of the value of money.
Since the Federal Congress was the only
legislative body subject to all the citizens at the ballot box, it was, to
their minds, the only safe depository of so much profit and so much power.
They wrote it out in the simple, but all-inclusive: "Congress shall have
the Power to Coin Money and Regulate the Value Thereof."
PEOPLE LOST CONTROL TO THE FEDERAL RESERVE
Instead of the Constitutional method of
creating our money and putting it into circulation, we now have an entirely
unconstitutional system. This has resulted in almost disastrous conditions,
as we shall see.
Since our money was handled both legally and illegally
before 1913, we shall consider only the years following 1913, since from that
year on, ALL of our money has been created and issued by an illegal method
that will eventually destroy the United States if it is not changed. Prior to
1913, America was a prosperous, powerful, and growing nation, at peace with
its neighbors and the envy of the world. But - in
December of 1913, Congress, with many members away for the Christmas
holidays, passed what has since been known as the FEDERAL RESERVE ACT. (For the
full story of how this infamous legislation was forced through our Congress,
read The Creature from Jekyll Island, by G. Edward Griffin or Conquest or
Consent, by W. B. Vennard). Omitting the burdensome
details, it simply authorized the establishment of a Federal Reserve
Corporation, with a Board of Directors (The Federal Reserve Board) to run it,
and the United States was divided into 12 Federal Reserve
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.
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.
PRINT IT - WE BORROW IT AND PAY THEM INTEREST
We shall start with the need for money. The
Federal Government, having spent more than it has taken from its citizens in
taxes, needs, for the sake of illustration, $1,000,000,000. Since it does not
have the money, and Congress has given away its authority to
"create" it, the Government must go the "creators" for
the $1 billion. But, the Federal Reserve, a private corporation, doesn't just
give its money away! The Bankers are willing to deliver $1,000,000,000 in
money or credit to the Federal Government in exchange for the Government's
agreement to pay it back - with interest! So Congress authorizes the Treasury
Department to print $1,000,000,000 in U.S. Bonds, which are then delivered to
the Federal Reserve Bankers.
The Federal Reserve then pays the cost of
printing the $1,000,000,000 (about $1,000) and makes the exchange. The
Government then uses the money to pay its obligations. What are the results
of this fantastic transaction? Well, $1 billion in Government bills are paid
all right, but the Government has now indebted the people to the Bankers for
$1 billion on which the people must pay interest! Tens of thousands of such
transactions have taken place since 1913 so that by the 1980's, the U.S.
Government is indebted. to the Bankers for over
$1,000,000,000,000 (trillion) on which the people pay over $100 billion a
year in interest alone with no hope of ever paying off the principal.
Supposedly our children and following generations will pay forever and
You say, "This is terrible!" Yes, it
is, but we have shown only part of the sordid story. Under this unholy
system, those United States Bonds have now become "assets" of the
Banks in the Reserve System which they then use as "reserves" to
"create" more "credit" to lend. Current "fractional
reserve" requirements allow them to use that $1 billion in bonds to
"create" as much as $15 billion in new "credit" to lend
to States, Municipalities, to individuals and businesses. Added to the
original $1 billion, they could have $16 billion of "created
credit" out in loans paying them interest with their only cost being
$1,000 for printing the original $1 billion! Since the U.S. Congress has not
issued Constitutional money since 1863 (over 100 years), in order for the
people to have money to carry on trade and commerce they are forced to borrow
the "created credit" of the Monopoly Bankers and pay them usury-interest!
THERE'S STILL MORE
In addition to the vast wealth drawn to them
through this almost unlimited usury, the Bankers who control the money at the
top are able to approve or disapprove large loans to large and successful
corporations to the extent that refusal of a loan will bring about a
reduction in the price that that Corporation's stock sells for on the market.
After depressing the price, the Bankers' agents buy large
blocks of the stock, after which the sometimes multi-million dollar loan is
approved, the stock rises, and is then sold for a profit. In this
manner billions of dollars are made with which to buy more stock. This
practice is so refined today that the Federal Reserve Board need only
announce to the newspapers an increase or decrease in their "rediscount
rate" to send stocks up and down as they wish. Using this method since
1913, the Bankers and their agents have purchased secret or open control of
almost every large corporation in America. Using that control, they then
force the corporations to borrow huge sums from their banks so that
corporation earnings are siphoned off in the form of interest to the banks.
This leaves little as actual "profits" which can be paid as
dividends and explains why stock prices are often depressed, while the banks
reap billions in interest from corporate loans. In effect, the bankers get
almost all of the profits, while individual stockholders are left holding the
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!
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
Under this kind of a system, where new debt
always exceeds the new money no matter how much or how little is borrowed,
the total debt increasingly outstrips the amount of money available to pay
the debt. The people can never, ever get out of debt!
An example will show the viciousness of this
usury-debt system with its "built-in" shortage of money.
IF $60,000 IS BORROWED, $255,931.20 MUST BE
PAID BACK When a citizen goes to a Banker to borrow $60,000 to purchase a
home or a farm, the Bank clerk has the borrower agree to pay back the loan
plus interest. At 14% interest for 30 years, the Borrower must agree to pay
$710.92 per month for a total of $255,931.20. The clerk then requires the
citizen to assign to the Banker the right of ownership of the property if the
Borrower does not make the required payments. The Bank clerk then gives the
Borrower a $60,000 check or a $60,000 deposit slip crediting the Borrower's
checking account with $60,000.
The Borrower then writes checks to the
builder, subcontractors, etc., who in turn write checks. $60,000 of new
"checkbook" money is thereby added to
"money in circulation."
However, and this is the fatal flaw in a usury
system, the only new money created and put into circulation is the amount of
the loan, $60,000. The money to pay the interest is NOT created, and
therefore was NOT added to "money in circulation."
Even so, this Borrower (and those who follow
him in ownership of the property) must earn and TAKE OUT OF CIRCULATION
$255,931, almost $200,000 MORE than he put IN CIRCULATION when he borrowed
the original $60,000! (By the way, it is this interest which cheats all
families out of nicer homes. It is not that they can't afford them; it is
because the Banker's usury forces them to pay for 4 homes to get one!)
Every new loan puts the same process in
operation. Each borrower adds a small sum to the total money supply when he
borrows, but the payments on the loan (because of interest) then deduct a
much LARGER sum from the total money supply.
There is therefore no way all debtors can pay
off the money-lenders. As they pay the principal and interest, the money in
circulation disappears. All they can do is struggle against each other,
borrowing more and more from the money-lenders each generation. The
money-lenders (Bankers), who produce nothing of value, slowly, then more
rapidly, gain a death grip on the land, buildings, and present and future
earnings of the whole working population.
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.
WHY BANKERS PROSPER IN GOOD TIMES OR BAD
In the millions of transactions made each year
like those above, little actual currency changes
hands, nor is it necessary that it do so. 95% of all "cash"
transactions in the U.S. are by check, so the Banker is perfectly safe in
"creating" that so-called "loan" by writing the check or
deposit slip, not against actual money, but AGAINST YOUR PROMISE TO PAY IT
BACK! The cost to him is paper, ink and a few dollars in salaries and office
costs for each transaction. It is "check-kiting" on an enormous
scale. The profits increase rapidly, year after year, as shown below.
These are a few taken from Arizona newspapers
in January, 1979.
Valley Bank posts 49% gain in
Gains of 49 percent in net
income and 51 percent in operating income were posted last year by Valley
Those gains brought net
income to $33,969,000 in the year ended Dec..31 and
operating income to $34,459.000. The year before those
totals were $22,836.000 and $22,807,000 respectively.
Bank's profits rise 21%
announced on Monday it had achieved a 21.2 percent increase in net income in
1978 over 1977. On the basis of operating income, excluding the 1977 sale of
the Arizona Bank Building for $l,336,369, the bank
said the increase was 43.9 percent.
Tostenrud said loans and deposits increased
in the last year: Deposits 18.8 percent to $1.353 billion and loans 21.9
percent to $951 million.
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
By 1920, after only 6 years of Federal Reserve
shenanigans, the Federal debt had jumped to $24 billion, or $226 per person.
In 1960 the Federal debt reached $284 billion,
or $1,575 per citizen and State and local debts were mushrooming.
By 1981 the Federal debt passed $1 trillion
and was growing exponentially as the Banker's tripled the interest rates.
State and local debts are now MORE than the Federal, and with business and
personal debts totaled over $6 trillion, 3 times
the value of all land and buildings in America.
If we signed over to the money-leaders all of
America we would still owe them 2 more Americas (plus their usury, of
However, they are too cunning to take title to
everything. They will instead leave you with some "illusion of
ownership" so you and your children will continue to work and pay the
Bankers more of your earnings on ever-increasing debts. The
"establishment" has captured our people with their ungodly system
of usury and debt as certainly as if they had marched in with a uniformed
GAMBLERS AMONG MY READERS
To grasp the truth that periodic withdrawal of
money through interest payments will inexorably transfer all wealth in the
nation to the receiver of interest, imagine yourself in a poker or dice game
where everyone must buy the chips (the medium of exchange) from a
"banker" who does not risk chips in the game, but watches the table
and every hour reaches in and takes 10% to 15% of all the chips on the table.
As the game goes on, the amount of chips in the possession of each player
will go up and down with his "luck."
However, the TOTAL number of chips available
to play the game (carry on trade and business) will decrease rapidly.
The game will get low on chips, and some will
run out. If they want to continue to play, they must buy or borrow them from
the "banker." The "banker" will sell (lend) them ONLY if
the player signs a "mortgage" agreeing to give the
"banker" some real property (car, home, farm, business, etc.) if he
cannot make periodic payments to pay back all of the chips plus some EXTRA
ones (interest). The payments must be made on time, whether he wins (makes a
profit) or not.
It is easy to see that no matter how skillfully they play, eventually the "banker"
will end up with all of his original chips back, and except for the very best
players, the rest, if they stay in long enough, will lose to the
"banker" their homes, their farms, their businesses, perhaps even
their cars, watches, rings, and the shirts off their backs!
Our real-life situation is MUCH WORSE than any
poker game. In a poker game none is forced to go into debt, and anyone can
quit at any time and keep whatever he still has. But in real life, even if we
borrow little ourselves from the Bankers, the local, State, and Federal
governments borrow billions in our name, squander it, then confiscate our
earnings from us and pay it back to the Bankers with interest. We are forced
to play the game, and none can leave except by death. We pay as long as we
live, and our children pay after we die. If we cannot pay, the same government
sends the police to take our property and give it to the Bankers. The Bankers
risk nothing in the game; they just collect their percentage and "win it
all." In Las Vegas and at other gambling centers,
all games are "rigged" to pay the owner a percentage, and they rake
in millions. The Federal Reserve Bankers' "game" is also rigged,
and it pays off in billions!
In recent years Bankers added real
"cards" to their game. "Credit" cards are promoted as a
convenience and a great boon to trade. Actually, they are ingenious devices
by which Bankers collect 2% to 5% of every retail sale from the seller and
18% interest from buyers. A real "stacked" deck!
IT'S POLITICAL, TOO!
Democrat, Republican, and Independent voters
who have wondered why politicians always spend more tax money than they take
in should now see the reason. When they begin to study our
"debt-money" system, they soon realize that these politicians are
not the agents of the people but are the agents of the Bankers, for whom they
plan ways to place the people further-in debt. It takes only a little
imagination to see that if Congress had been "creating," and
spending or issuing into circulation the necessary increase in the money
supply, THERE WOULD BE NO NATIONAL DEBT, and the over $4 Trillion of other
debts would be practically non-existent. Since there would be no ORIGINAL
cost of money except printing, and no CONTINUING costs such as interest,
Federal taxes would be almost nil. Money, once in
circulation, would remain their and go on serving its purpose as a medium of
exchange for generation after generation and century after century, just as
coins do now, with NO payments to the Bankers whatever!
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!
WAIT... THERE'S STILL MORE
The profits from these massive debts have been
used to erect a complete and almost hidden economic and political colossus
over our nation. They keep telling us they are trying to do us
"good," when in truth they work to bring harm and injury to our
people. These would-be despots know it is easier to control and rob an ill,
poorly-educated and confused people than it is a healthy and intelligent
population, so they deliberately prevent real cures for diseases, they
degrade our educational systems, and they stir up social and racial unrest.
For the same reason they favor drug use, alcohol,
sexual promiscuity, abortion, pornography, and crime. Everything which
debilitates the minds and bodies of the people is secretly encouraged, as it
makes the people less able to oppose them or even to understand what is being
done to them.
Family, morals, love of Country, the Christian
religion, all that is honorable is being swept
away, while they try to build their new, subservient man. Our new
"rulers" are trying to change our whole racial, social, religious,
and political order, but they will not change the debt-money economic system
by which they rob and rule. Our people have become tenants and
"debt-slaves" to the Bankers and their agents in the land our
fathers conquered. It is conquest through the most gigantic fraud and swindle
in the history of mankind. And we remind you again: The key to their wealth
and power over us is their ability to create "money" out of nothing
and lend it to us at interest. If they had not been allowed to do that, they
would never have gained secret control of our nation. "The rich ruleth over the poor, and the borrower is servant to the
lender" (Proverbs 22:7).
Let us now consider the correct method of
providing the medium of exchange (money) needed by our people.
History tells us of debt-free and
interest-free money issued by governments. The American colonies did it in
the 1700's and their wealth soon rivaled England
and brought restrictions from Parliament, which led to the Revolutionary War.
Abraham Lincoln did it in 1863 to help finance the Civil War. He was later
assassinated by an agent of the Rothschild Bank. No debt-free or
interest-free money has been issued in America since then. Several Arab
nations issue interest-free loans to their citizens today. The Saracen Empire
forbade interest on money for 1,000 years, and its wealth outshone even Saxon
Europe. Mandarin China issued its own money, interest-free and debt-free, and
historians and collectors of art today consider those centuries to be China's
time of greatest wealth, culture and peace.
Germany issued debt-free and interest-free money
from 1935 and on, accounting for its startling rise from the depression to a
world power in 5 years. Germany financed its entire government and war
operation from 1935 to 1945 without debt, and it took the whole Capitalist
and Communist world to destroy the German power over Europe and bring Europe
back under the heel of the Bankers. Such history of money does not even
appear in the textbooks of public (government) schools today.
Issuing money which doesn't have to be paid
back in interest leaves the money available to use in the exchange of goods
and services and its only continuing cost is replacement as the paper wears
out. Money is the paper ticket by which such transfers are made and should
always be in sufficient quantity to transfer all possible production of the
nation to ultimate consumers.
It is as ridiculous for a nation to say to its
citizens, "You must consume less because we are short of money," as
it would be for an Airline to say "Our planes are flying, but we can't
take you because we are short of tickets."
Under the present debt-usury system, the extra
burden of usury forces workers and businesses to demand more money for the
work and goods to pay their ever-increasing debts and taxes. This increase in
prices and wages is called "inflation." Bankers, politicians and
"economists" blame it on everything but the real cause, which is
the usury levied on money and debt by the Bankers. This "inflation"
benefits the money-lenders, since it wipes out savings of one generation so
they cannot finance or help the next generation, who must then borrow from
the money-lenders, and pay a large part of their life's labor
to the usurer.
With an adequate supply of interest-free
money, little borrowing would be required and prices would be established by
people and goods, not by debts and usury.
If the Federal Congress failed to act, or
acted wrongly, in the supply of money, the citizens would use the ballot or
recall petition to replace those who prevented correct action with others
whom the people believe would pursue a better money policy. Since the
creation of money and its issuance in sufficient quantity would be one of the
few functions of Congress, the voter could decide on a candidate by his stand
on money, instead of the hundreds of lesser, and deliberately confusing,
subjects which are presented to us today. And since money is, and would
remain, a national function, local differences or local factions would not be
able to sway the people from the nation's (citizens') interest. All other
problems, except the nation's defense, would be
taken care of in the State, County, or City governments where they are best
handled and most easily corrected.
An adequate national defense
would be provided by the same citizen-controlled Congress, and there would be
no Bankers behind the scenes, bribing politicians to give $200 billion of
American military equipment to other nations, disarming us, while alien
nations prepare to attack and invade the United States of America.
With debt-free and interest-free money, there
would be no high and confiscatory taxation, our homes would be mortgage free
with no $10,000-a-year payments to the Bankers, nor would they get $1,000 to
$2,500 per year from every automobile on our roads. We would need no
"easy payment" plans, "revolving" charge accounts, loans
to pay medical or hospital bills, loans to pay taxes, loans to pay for
burials, loans to pay loans, nor any of the thousand and one usury-bearing
loans which now suck the life-blood of American families. There would be no
unemployment, divorces caused by debt, destitute old people, or mounting
crime, and even the so-called "deprived" classes would be deprived
of neither job nor money to buy the necessities of life.
Criminals could not become politicians, nor
would politicians become criminals in the pay of the Money-lenders. Our
officials, at all government levels, would be working for the people instead
of devising means to spend more money to place us further in debt to the
Bankers. We would get out of the entangling foreign alliances that have
engulfed us in four major wars and scores of minor wars since the Federal
Reserve Act was passed, alliances which are now used to prevent America from
preparing her own defense in the face of mounting
danger from alien powers.
A debt-free America would mean mothers would
not have to work. With mother at home, juvenile delinquency would decrease
rapidly. The elimination of the usury and debt would be the equivalent of a
50% raise in the purchasing power of every worker. With this cancellation of
all debts, the return to the people of all the property and wealth the
parasitic Bankers and their quasi-legal agents have stolen by usury and
fraud, and the ending of their theft of $300 Billion (or more) every year
from the people, America would be prosperous and powerful beyond the wildest
dreams of its citizens today. And we would be at peace! (For a Bible example
of cancellation of debts to money lenders and restoration of property and
money to the people, read Nehemiah 5: 1-13.)
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.
NEWS AND INFORMATION
These agents control the information available
to our people. They manipulate public opinion, elect whom they will locally
and nationally, and never expose the crooked money system. They promote
school bonds, municipal bonds, expensive and detrimental farm programs,
"urban renewal," foreign aid, and many other schemes which will put
the people more into debt to the Bankers. Thoughtful citizens wonder why
billions are spent on one program and billions on another which may duplicate
it or even nullify it, such as paying some farmers not to raise crops, while
at the same time building dams or canals to irrigate more farm land. Crazy or
stupid? Neither. The goal is more debt. Thousand of government-sponsored ways
to waste money go on continually. Most make no sense, but they are never
exposed for what they really are, builders of "billions for the bankers
and debts for the people."
So-called "economic experts" write
syndicated columns in hundreds of newspapers, craftily designed to prevent
the people from learning the simple truth about our money system.
Commentators on radio and TV, preachers, educators, and politicians blame the
people as wasteful, lazy, or, spend-thrift, and blame the workers, and
consumers for the increase in debts and the inflation of prices, when they
know the cause is the debt-money system itself. Our people are literally
drowned in charges and counter-charges designed to confuse them and keep them
from understanding the unconstitutional and evil money-system that is so
efficiently and silently robbing the farmers, the workers, and the
businessmen of the fruits of their labors and of
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
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
Love of Country and concern for your children
should make you deeply interested in this, America's greatest problem, for
our generation has not suffered under the "yoke" as the coming
generations will. Usury and taxes will continue to take a larger and larger
part of the annual earnings of the people and put them into the pockets of
the Bankers and their political Agents. Increasing "government"
regulations will prevent citizen protest and opposition to their control. Is
it possible that your grandchildren will own neither home nor car, but will
live in "government-owned" apartments and ride to work in
"government-owned" buses (both paying usury to the Bankers), AND BE
ALLOWED TO KEEP JUST ENOUGH OF THEIR EARNINGS TO BUY A MINIMUM OF FOOD AND
CLOTHING while their Rulers wallow in luxury? In Asia and eastern Europe it
is called "communism;" in America it is called
"Democracy" and "Capitalism."
America will not shake off her
Banker-controlled dictatorship as long as the people are ignorant of the
hidden controllers. International financiers, who control most of the
governments of the nations, and most sources of information, seem to have us
completely within their grasp. They are afraid of only one thing: an awakened
Patriotic Citizenry, armed with the truth, and with a trust, in Almighty God for
deliverance. This article has given you the truth about their iniquitous
system. What you do with it is in your hands.
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.
HAVEN'T THEY TOLD YOU?
Why haven't they told you about this scandal -
the greatest fraud in history which has caused Americans and others to spill
oceans of blood, pay trillions of dollars interest on fraudulent loans and
burden themselves with unnecessary taxes?
Who are "they"? "They" are
most of the politicians of the two old parties and elected officials. Most
"educational" groups like the League of Women Voters, the Heritage
Foundation and the American Civil Liberties Union (ACLU). All mainstream news
services, such as the Associated Press and the United Press International.
All mainstream daily newspapers, including the New York Times and Los Angeles Times.
All mainstream weekly "news" magazines, such as "Time"
and "Newsweek." All of the above and more have been hiding the
truth from you.
SOME FAMOUS MEN HAVE SAID ABOUT THE MONEY QUESTION
GREENSPAN: "In the absence of
the gold standard, there is no way to protect savings from confiscation through
inflation. ... This is the shabby secret of the welfare statists' tirades
against gold. Deficit spending is simply a scheme for the confiscation of
wealth. Gold stands in the way of this insidious process. It stands as a
protector of property rights. If one grasps this, one has no difficulty in
understanding the statists antagonism toward the
THOMAS JEFFERSON: "The system of
banking [is] a blot left in all our Constitutions, which, if not covered,
will end in their destruction... I sincerely believe that banking
institutions are more dangerous than standing armies; and that the principle
of spending money to be paid by posterity... is but swindling futurity on a
JAMES A. GARFIELD: "Whoever controls
the volume of money in any country is absolute master of all industry and
LOUIS McFADDEN: "The Federal Reserve(Banks) are one of
the most corrupt institutions the world has ever seen. There is not a man
within the sound of my voice who does not know that this Nation is run by the
GREELEY: "While boasting of
our noble deeds were careful to conceal the ugly fact that by an iniquitous
money system we have nationalized a system of oppression which, though more
refined, is not less cruel than the old system of chattel slavery."
A. EDISON: "People who will
not turn a shovel full of dirt on the project (Muscle Shoals Dam) nor
contribute a pound of material, will collect more money from the United
States than will the People who supply all the material and do all the work.
This is the terrible thing about interest ...But here is the point: If the
Nation can issue a dollar bond it can issue a dollar bill. The element that
makes the bond good makes the bill good also. The difference between the bond
and the bill is that the bond lets the money broker collect twice the amount
of the bond and an additional 20%. Whereas the currency, the honest sort
provided by the Constitution pays nobody but those who contribute in some
useful way. It is absurd to say our Country can issue bonds and cannot issue
currency. Both are promises to pay, but one fattens the usurer and the other
helps the People."
WOODROW WILSON: "A great
industrial Nation is controlled by its system of credit. Our system of credit
is concentrated. The growth of the Nation and all our activities are in the
hands of a few men. We have come to be one of the worst ruled, one of the
most completely controlled and dominated Governments in the world - no longer
a Government of free opinion no longer a Government by conviction and vote of
the majority, but a Government by the opinion and duress of small groups of
dominant men". (Just before he died, Wilson is reported to have stated
to friends that he had been "deceived" and that "I have
betrayed my Country". He referred to the Federal Reserve Act passed
during his Presidency.)
JOSIAH STAMP,(President of the Bank of England in the 1920's, the
second richest man in Britain): "Banking was conceived in iniquity and
was born in sin. The Bankers own the earth. Take it away from them, but leave
them the power to create deposits, and with the flick of the pen they will
create enough deposits to buy it back again. However, take it away from them,
and all the great fortunes like mine will disappear and they ought to
disappear, for this would be a happier and better world to live in. But, if
you wish to remain the slaves of Bankers and pay the cost of your own
slavery, let them continue to create deposits".
.L. B. ANGUS: "The modern Banking
system manufactures money out of nothing. The process is perhaps the most
astounding piece of sleight of hand that was ever invented. Banks can in fact
inflate, mint and unmint the modern ledger-entry
M. HAWTREY (Former Secretary of the
British Treasury): "Banks lend by creating credit. They create the means
of payment out of nothing".
HEMPHILL (Credit Manager of
Federal Reserve Bank, Atlanta, Ga.): "This is a staggering thought. We are completely
dependent on the commercial Banks. Someone has to borrow every dollar we have
in circulation, cash or credit. If the Banks create ample synthetic money we
are prosperous; if not, we starve. We are absolutely without a permanent
money system. When one gets a complete grasp of the picture, the tragic
absurdity of our hopeless position is almost incredible, but there it is. It
is the most important subject intelligent persons can investigate and reflect
upon. It is so important that our present civilization may collapse unless it
becomes widely understood and the defects remedied very soon".
By : Pastor Sheldon Emry
on money is not copyrighted. It may be reproduced in whole or in part for the
purpose of helping the American people.