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America's Greatest Problem - It's Debt Money System(ZT)

(2007-06-14 22:21:22) 下一個
"the bank run" then was for Gold Reserve Notes-not for FRN:)
來源: PoorKids?07-03-03 11:15:54 [檔案] [博客] [舊帖] [轉至博客] [給我悄悄話]

     

回答: One problem in 1929 is that there was no electronic moneyFaCai1682007-03-03 10:57:33

You had better have some idea of the money today:

America's Greatest Problem - It's Debt Money System
來源: PoorKids? 於 07-03-02 22:13:51 [檔案] [博客] [舊帖] [轉至博客] [給我悄悄話]

America's Greatest Problem -
It's Debt Money System
By Melvin Sickler
2-29-7

If you would ask any American citizen what the Federal Reserve is, heprobably would tell you that it is a government agency that creates allof the money to run the United States. This, unfortunately, is themisconception most American have: that the Federal Reserve is agovernment agency, probably because the word "Federal" is used in itsname. And this is exactly what the Bankers want: ignorance among thepopulation!

In the next few paragraphs, I am going to simply explain what theFederal Reserve is really all about, and how it is being used tocontrol the United States. A good resource book that I am using isentitled "Billions for the Bankers - Debts for the people" by SheldonEmry.

A Private Corporation

The first thing that must be understood is that the Federal ReserveCorporation is not a government agency, as most people think. It is aprivate corporation controlled by the Bankers, and therefore it isoperated for the financial gain of the Bankers over the people, ratherthan for the good of the people.
When our Founding Fathers wrote the Constitution of the United Statesback in the 1700's, they specifically stated in Article 1 of thisConstitution:

Congress shall have the Power to Coin Money and Regulate the Value Thereof.

It was the wish of the Founding Fathers that the power to create andcontrol the money be in the hands of the Federal Congress, and not inthe hands of private Bankers who could charge enormous amounts ofinterest, and who could actually then control the country bycontrolling the money. They understood the tricks of the Bankers, forwhat did Mayer Anselm Rothschild, the great European Banker, once say:"Permit me to issue and control the money of a nation, and I care notwho makes its laws..." It was their belief that all citizens shouldshare in the profits of its creation, not just private Bankers, andtherefore the national Government must be the only creator of money.


So, what happened? For several years after the Constitution was signed,the money in the country was handled both legally and illegally, theBankers having devised all kinds of tricks to try to take control ofthe nation's money.


The Federal Reserve Act

But the final blow came in 1913, on Christmas Eve, when the Congresspassed the Federal Reserve Act, which officially took the power tocreate the money to run United States away from the Congress, and gaveit over to private Bankers, who called themselves the Federal ReserveCorporation. But note: they are private Bankers.
The passage of this Federal Reserve Act authorized the establishment ofa Federal Reserve Corporation, with a Board of Directors (The FederalReserve Board) to run it. And the United States was divided into 12Federal Reserve Districts.

This new law completely removed from the Congress the right to createmoney or to have any control over its creation, and gave this functionover to the Federal Reserve Corporation. The Fed printed "FederalReserve Notes", which are still accepted today as money among thecitizens of the country.
But we have to understand that these Federal Reserve Notes, used asmoney in the country, cannot be considered as being constitutionalmoney. Why, you ask? Because the Congress went against the Constitutionof the United States when it passed this Federal Reserve Act, for itspecifically states that Congress, and only Congress shall have thepower to coin and regulate the money of the country.

Some might ask: "What does it matter if Congress or private Bankerscreate the money? It is accepted by the people just the same as amedium of exchange with which to perform business transactions".

Yes, the Federal Reserve Notes are accepted as a medium of exchange bythe people of the United States. But this is a debt-money, beinginterest is charged on every dollar that is created, but the interestis not created!, Let me give an example to illustrate this point.

To Obtain The Money

Let us say that the Federal Government needs $1,000,000,000 ($1billion) more, after it collects the taxes, to continue financing itsprojects. Since it does not have the money, and Congress has given awayits authority to create it, the Government must go to the FederalReserve, which is now in charge of creating the money for the country.But the Federal Reserve does not just give its money away! The Bankersare willing to deliver $1 billion in money or credit to the FederalGovernment only in exchange for the Government's agreement to pay itback - with interest! The Congress then authorizes the TreasuryDepartment to print $1 billion in U.S. bonds, which are then deliveredto the Federal Reserve Bankers.

The Federal Reserve then pays the cost of printing the $1 billion(about $1,000), and makes the exchange. The Government then used themoney to pay its obligations.

Now, what are the results of this transaction! The $1 billion inGovernment bills is paid, but the Government has now indebted thepeople to the Bankers for $1 billion, on which the people must payinterest! And, of course, the interest is not created!

And, to top it all, on this $1 billion that the Federal Reservereceived in bonds from this transaction, it is legally allowed tocreate another $15 billion in new credit to lend to states,municipalities, businesses, and individuals. Added to the original $1billion, they could have $16 billion of created credit out in loanspaying them interest, with their only cost being the $1,000 they spentfor printing the original $1 billion lent to the Government. Is itdiabolical? You bet it is!

"Creating" Money

We should probably clarify the term "create". When we use this term, werefer to the process used to bring money into existence. The Bankerscreate money out of nothing, simply by writing numbers in their ledgerbooks, and then giving loans to the American people with this money,allowing them to write checks on the numbers written in their accounts,and then requiring payment with interest. Money is nothing but numbers,be it numbers in a ledger book, on checks, or on dollar bills. Usingthis process, most banks are legally allowed to lend out up to 50 timesof what they have on deposit, creating the money out of nothing andthen charging interest on it. You have to admit that it is quite aracket!.

And the Federal Reserve prints the paper money we use in circulation,the Federal Reserve Notes, by having numbers printed on pieces of paperof little value, since a few cents will print a $1 bill or a $10,000bill (at the same cost). Money is very cheap to make, and whoever hasthe legal right to create the money in a nation can make a tremendousprofit.

The National Debt

The United States has plunged itself terribly into debt since the Federal Reserve Act was passed.
In 1910, before the passage of the Federal Reserve Act, the federaldebt was only $1 billion, or $12.40 per citizen. State and local debtswere 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 growingexponentially, being the Banker's tripled the interest rates. State andlocal debts were more than the federal, and with business and personaldebts, the total was over $6 trillion, 3 times the value of all landand buildings in America.

In October, 2005, the federal debt reached the $8 trillion mark($26,672 for each U.S. citizen), and it is continuing to grow wildlyout of control. (For the fiscal year 2004, the interest payments on theU.S. federal debt were $321 billion.) And that's only the peak of theiceberg: the total debt (states, corporations, consumers) is over $41trillion!

United States National Debt (1938-2005) CHART

Our people have become tenants and debt-slaves to the Bankers and theiragents in the land our fathers conquered. Our children and followinggenerations will be paying the debt for ever and ever!

We are coming to a point where, eventually, the Government will ownnothing, the people will own nothing, and the Bankers will owneverything! We are becoming enslaved by the financial institutions ofthe nation!

And to think that way back in the 1700's, Thomas Jefferson had warnedthe American people about such a thing happening. He said: "If theAmerican people ever allow private banks to control the issue of theirprivate banks to control the issue of their money... the banks andcorporations that will grow up around them (the banks) will deprive thepeople of their property until their children will wake up homeless onthe continent their fathers conquered!"
It is conquest through the most gigantic fraud and swindle in thehistory of mankind. And to think that the key to their power and wealthis simply their legal right to create money out of nothing and to lendit out at interest. If they had not been allowed to do that, they couldnever have gained secret control of the nation.

The Depression

Now it is predicted that a depression is to take place soon in theUnited States. You might be asking, "Does this have anything to do withthe operation of the Federal Reserve?" You bet it does!

Let us go back to the 1930's when some of you probably experienced whatthey called "The Great Depression". During that time, America hadskilled and willing workers, good farmland, a highly efficienttransportation system, industries; all that was needed to form a richnation - all except an adequate supply of money to carry on trade andcommerce.
Few people knew that the Bankers had purposely withheld $8 billion fromgoing into circulation by refusing loans to the population while, atthe same time, demanded payment on existing loans, so that money wasrapidly taken out of circulation and not replaced.

Because of this control on the money, America was put into deeptrouble. Jobs were waiting to be done, goods were available to bebought, but there was no money. Food was thrown into the ocean whilepeople were starving. Twenty-five percent of the workers were laid off.The greedy Bankers took possession of hundreds of thousands of farms,homes, and business properties.

Believe it or not, some of the economic experts of that time blamed themoon for bringing about all the economic hardship. Others blamed thepoliticians. Still others blamed the consumers for not wisely spendingtheir money. But the truth is: the Depression was purposely brought onby the Bankers through their artificial control of the money.
To the end the Depression, the United States Government borrowed hugesums of money from the Bankers for military equipment, which put a newsupply of money into circulation. People were hired back to work,industries began to blossom, farmers sold their produce, and theeconomy boomed.

The same Bankers, who in the early 30's had no loans for peacetimehouses, food and clothing, suddenly had unlimited billions to lend theGovernment for war purposes. The nation, which a few years earliercould hardly feed its own people, was now producing bombs to send freeto its allies. Upsetting? You bet it is! And to think it is all becausesome private Bankers, who call themselves the Federal Reserve, have thelegal right to create and control the money to run the country - asthey so wish!

President Woodrow Wilson had this to say about the Federal Reserve: "Agreat industrial nation is controlled by its system of credit. Oursystem of credit is concentrated. The growth of the nation and all ouractivities are in the hands of a few men. We have come to be one of theworst ruled, one of the most completely controlled and dominatedGovernments in the world - no longer a Government of free opinion nolonger a Government by conviction and vote of the majority, but aGovernment by the opinion and duress of small groups of dominant men."

(Just before he died, Wilson is reported to have stated to friends thathe had been "deceived" and that "I have betrayed my country." He wasreferring to the Federal Reserve Act passed during his Presidency.)
Unbelievable corruption!

We know the Bankers, the hidden controllers of the countries, purposelyinstigate wars, financing both sides of the same war, to frighten thepeople into going billions of dollars into debt for national defense.They even finance Communism, and then turn around and have foreign aidsent to stop the Communism that they financed!
The tens of thousands of young people who are killed, and the hundredsof thousands who are crippled and morally corrupted from war, meansnothing to them. In fact, it doesn't even matter who wins or loses thewar, as long as all the countries involved are in debt to these Bankers.

It was Henry Ford, Sr. who once said: "The youth who can solve themoney question will do more for the world than all the professionalsoldiers of history." I think you can understand why.

The Bankers purposely try to corrupt the people so it be easier tocontrol them, sweeping away anything that is honorable, such as morals,religion, family, love of country. They encourage drug use, alcohol,pornography, and crime. And they deliberately prevent real cures fordiseases, stir up social and racial unrest, and work to degrade theeducational system.

Many of our politicians have become agents of the Bankers, while ourtwo political parties have become their servants. No matter who youelect into high office, Rockefeller and his agents will be running theGovernment behind the scenes - you can be sure of it! How else couldsomething so diabolical as the Federal Reserve, something sodestructive to the national interest of the people, be allowed tocontinue so long?

We know that the Bankers control all of the news media and informationcenters, even the financial writers, to prevent people from learningthe simple truth about your money system. They blame the people forcausing the increase in debt and the inflation of prices, when theyknow that the real cause is the debt-money system itself.

The Ultimate Solution

By now you must surely agree that the only real solution to solve ourfinancial problems is to put pressure on the Government to repeal theFederal Reserve Act of 1913 and to demand that Congress again beallowed to create and control the money of the nation, issuing interestand debt-free "United States Notes" as the legal currency. John F.Kennedy had begun to do this very thing just before he wasassassinated...
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