Reason for the American Revolution: To Gain Freedom from
Serfdom to the BANK OF ENGLAND, unfortunately, the Rothschild/Rockefeller system was imposed in 1913 by the passage of the Federal Reserve Act |
Reason for the American Revolution: To Gain Freedom from Serfdom
to the BANK OF ENGLAND, unfortunately, the Rothschild/Rockefeller system was imposed in 1913 by the passage of the Federal Reserve Act Times of London: "If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost [debt-free and usury-free]. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the World. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." Governor Morris: "The rich will strive to establish their dominion and enslave the rest. They always did. They always will... They will have the same effect here as elsewhere, if we do not, by (the power of) government, keep them in their proper spheres." The people who came from Europe to America to escape their serfdom to the Bank of England opposed the setting up of the privately owned and controlled issue of money modeled on the Bank of England. Unfortunately, they finally lost the battle to the Banking Gangsters who legislated their fraud by bribing politicians into passing the 1913 Federal Reserve Act. When America was free from the Bank of England Rothschild Gangsters Dynasties, Benjamin Franklin (along with other Colonies) printed the State of Philadelphia's dollars Continental Colonial Scrip (debt-free and usury free) on his printing press in proportion to the projects the state of Philadelphia needed to be built like roads, schools and other buildings. The people were happy, there was very little crime, drinking or other social problems. When asked on his Europe trip as to what the United States owed it's prosperity and happiness to as there was so much unemployment and starvation there, he said we print money as needed for beneficial projects. The international bankers realized they needed to do something to keep their fraudulent power to issue money and in essence, the Rothschilds told the King of England to issue an order that the US dollars were not to be accepted any more and their British money had to be used. By issuing only 1 British dollar for 2 US dollars, they cut the amount in 1/2 per person in circulation and then through high interest rates and calling in loans, cut that amount in circulation to 1/4 from the previous amount. In a short 2 or 3 years there was 25 to 30% unemployment, drinking, crime, divorces, debtors prison, forced child work etc. The Battle of Lexington, which was the start of the War of Independence, commenced on April 19, 1775. The war was NOT fought due to high taxes on tea as you have been taught. It was fought for the reason of England passing a law preventing the Colonies from printing their own money (Continental Colonial Scrip) which was interest & debt free and forcing the colonists to accept the English banker’s ‘debt money’ system through armed force backed by fraudulent legislation. Sounds familiar? Benjamin Franklin said we would have gladly borne the tax on the tea if we could have kept our own money which very few people know about as it would not do to have the people learn anything valuable about the real history in school of the 1776 revolution. There is a reason that the Rockefellers (related to the Rothschilds) bought up controlling interest in the five major text book companies and Encyclopedia Britannica. There is a reason for the constant change in text books, often times for the worse in ease of real understanding, as there is not much profit in text books that are used for 50 years like the McGuffy readers. Benjamin Franklin: Representing the colonists to England, Benjamin Franklin explained the relatively perfected form of economy we had devised here. After elaborating on the full prosperity intrinsic to an economy sustained by an interest-free currency, and how to regulate such a currency, he then answers a challenge as to how government and taxation could be implemented in such a system. His arrogant foes had assumed he could not answer: "One day, as each township needs the services of the other township's mills, it is proposed to build a bridge across the river. A group of men agree to build the bridge to agreed standards, and when we agree on a fee to pay them for this service, likewise we simply create the necessary money on paper, and pay them." "As the increased commerce requires the increased circulation to sustain that much commerce, there likewise is no inflation; and we have provided in all ways to sustain the desired commerce." "To fund the proper services of government, such as the creation of this bridge, we have no need to levy taxes or subject our people to eternal multiplication of debt." The colonial economy of course, catapulted by freedom from the inherently and irreversibly multiplying costs of usury, flourished far beyond that of the mother country — suffering at the hand of the vast political corruption necessary to and never missing from the imposition of usury. The reaction of this corrupt government was immediate. British Parliament sent Franklin back to America with an order to give up their new economy. They ordered the colonists to give up their "Continental Colonial Scrip", and forced them instead to use as currency, notes issued by the Bank "Of England." For this imposed currency, they were charged near thirty-percent annual interest. The economy crashed. A revolution broke out. Due to the destruction of history since, few now realize this was the principal reason for the revolution. Prior to the war with England, many colonists had strong ties with friends in Europe. The governments of Europe however were threatened by the colonial uprising, particularly as the principles and objectives of the revolution could have inspired similar challenges at home. Their reaction to those sympathetic to the American cause was persecution much like we would now endure in resisting unjust taxation, usury, and taking up every such still compelling cause. Almost no European citizens dared openly support the colonial efforts... and in many cases, association with the colonists, even former associations, substantially endangered European citizens to their authoritarian governments. Most associations with Americans therefore were broken at the onset of the Revolution. In repairing such a break, Franklin later explained the real cause of the American Revolution to friends in Europe: "We would have gladly borne the little tax on tea, and other matters, had it not been that they took from us our money, which created great unemployment and dissatisfaction. Within a year, the poor houses were filled. The hungry and homeless walked the streets everywhere." Mistake not the downplay of the role of "unjust taxation" — which itself in many instances indeed referred to usury itself. The effects of imposed taxations, just as today, were minuscule in comparison to the effects of a currency subject to interest. By revolution, the colonists set themselves free from the imposition of a usury "economy." But the struggle was not over. Immediately, these same bankers attempted to subvert the formative processes of the fledgling nation. Thomas Jefferson headed much of the resistance to these efforts, which nonetheless succeeded in establishing the first "national bank(s)" here. Each was terminated after a tumultuous history of instability and corruption which pales in contrast to that of the present "Federal Reserve." SEE also: PARABLE of Perfect Economy "It's quite simple. We have created our own currency." Now let's take a look again at the results the Bank of England produced on the British economy and how, later, this was the root cause of the American Revolution. By the mid-1700s, the British Empire was approaching its height of power around the World. Britain had fought four wars in Europe since the creation of its privately owned central bank, the Bank of England. The cost had been high. To finance these wars the British Parliament, rather than issuing its own debt-free currency, had borrowed heavily from the bank. By the mid-1700s, the British Government's debt amounted to £140,000,000-a staggering sum for those days. Consequently, the government embarked on a program of trying to raise revenues from its American colonies in order to make the interest payments to the bank. But in America it was a different story. The scourge of a privately owned central bank had not yet landed in America, though the Bank of England exerted its baneful influence over the American colonies after 1694. Four years earlier, in 1690, the Massachusetts Bay colony had printed its own paper money-the first in America-and was followed in 1703 by South Carolina and then by other colonies. In the mid-1700s, pre-revolutionary America was still relatively poor. There was a severe shortage of precious metal coins to trade for goods, so the early colonists were increasingly forced to experiment with printing their own home-grown paper money. Some of these experiments were successful. Tobacco was used as money in some colonies, with success. In 1720, every colonial Royal Governor was instructed to curtail the issue of colonial money, but this was largely unsuccessful. In 1742, the British Resumption Act required that taxes and other debts be paid in gold. This caused a depression in the colonies, and the rich for one-tenth its value seized property on foreclosure. Benjamin Franklin was a big supporter of the colonies printing their own money. In 1757, Franklin was sent to London to fight for colonial paper money. He ended up staying for the next 18 years-nearly until the start of the American Revolution. During this period, more American colonies ignored Parliament and began to issue their own money, called 'Continental colonial scrip'. The endeavor was successful, with notable exceptions. Colonial scrip provided a reliable medium of exchange and it also helped provide a feeling of unity between the colonies. Remember, most Colonial Scrip was just paper money, debt-free money, printed in the public interest and not really backed by gold or silver coin. In other words, it was a fiat currency. Officials of the Bank of England asked Franklin how he would account for the newfound prosperity of the colonies. Without hesitation he replied: "That is simple. In the colonies, we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers... In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one." This was just common sense to Franklin, but you can imagine the impact it had at the Bank of England. America had learned the secret of money, and that genie had to be returned to its bottle as soon as possible. Therefore, Parliament hurriedly passed the Currency Act of 1764. This prohibited colonial officials from issuing their own money, and ordered them to pay all future taxes in gold or silver coins. In other words, it forced the colonies onto a gold and silver standard. This initiated the first intense phase of the First Bank War in America, which ended in defeat for the Money Changers, beginning with the Declaration of Independence and concluding with the subsequent peace deal, the Treaty of Paris, in 1783. For those who believe that a gold standard is the answer for America's current monetary problems, look what happened to America after the Currency Act of 1764 was passed. In his autobiography, Franklin wrote: "In one year the conditions were so reversed that the era of prosperity ended and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed." Benjamin Franklin claims that this was even the basic cause of the American Revolution. As Franklin put it in his autobiography: “The Colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the Colonies their money, which created unemployment and dissatisfaction.” In 1774, Parliament passed the Stamp Act which required that a stamp be placed on every instrument of commerce, indicating payment of tax in gold-which again threatened the colonial paper money. Less than two weeks later, the Massachusetts Committee of Safety passed a resolution directing the issuance of more colonial currency and honoring the currency of other Colonies. On 10 and 22 June 1775, the Congress of the Colonies resolved to issue $2 million in paper money based on the credit and faith of the "United Colonies". This flew in the face of the Bank of England and Parliament. It constituted an act of defiance, a refusal to accept a monetary system unjust to the people of the colonies. Thus the bills of credit [i.e., paper money] which historians with ignorance or prejudice have belittled as instruments of reckless financial policy were really the standards of the Revolution. They were more than this: they were the Revolution itself. Alexander Del Mar, historian: By the time the first shots were fired in Concord and Lexington, Massachusetts, on 19 April 1775, the colonies had been drained of gold and silver coin by British taxation. Consequently, the continental government had no choice but to print its own paper money to finance the war. At the start of the Revolution, the American colonial money supply stood at $12 million. By the end of the war, it was nearly $500 million. This was partly a result of massive British counterfeiting. Consequently, the currency was virtually worthless. Shoes sold for 55,000 a pair. Benjamin Franklin said that the American war for Independence was fought over money and currency (like every war) and the right of the Colonies to issue their own usury free currency apart from the Bank of England: "That is simple. In the Colonies, we issue our own paper money. It is called ' Continental Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one." "The refusal of King George to operate an honest colonial money system which freed the ordinary man from the clutches of the manipulators was probably the prime cause of the Revolution." "The Colonies would gladly have borne the little tax on tea and other matters, had it not been that England took away from the Colonies their money, which created unemployment and dis-satisfaction." (In a conciliatory letter to a friend after the American Revolution, "Bulletin", February 1989 & November 1991 issues, P.O. Box 986, Ft. Collins, CO 80522). Instead of the interest free notes they issued as evidence of debt to each other, and which they used as a currency which will never multiply debt in proportion to the circulation, the colonists were required to use notes issued by the Bank of England on which they were required to pay interest. Franklin reported, "Within a year, the poor houses were filled. The hungry and homeless walked the streets everywhere." The private owners of the Bank of England in 1765 demanded that the American Colonies pay taxes in British specie or coins which the people did not possess (this is quite similar to the situation at the time of Yeshua-Joshua-Issa where the Pharisees sitting in the Synagogues demanded that the Jews pay their temple tax with a special coin called the half shekle which was in short supply). If they had borrowed from the Bank of England to pay the tax, the end result would have been the same: foreclosure and bankruptcy with the Bank owning everything!! It's the same fatal bite of that old Serpent the Devil and Satan which deceiveth the whole World (Rev. 12:9). No wonder that usury is called nashak or the bite of a serpent in the Bible. General Andrew Jackson said this about the private central bank called 2nd Bank of the U.S. which was re-chartered in 1816: "YOU ARE A DEN OF VIPERS AND THIEVES. I INTEND TO ROUT YOU OUT, AND BY THE ETERNAL GOD I WILL ROUT YOU OUT." And our HERO did exactly as he promised. He refused to renew the charter of the 2nd Bank and it died an unnatural death in 1836. The people were finally free of the Bank of England alias the "Bank" of Rome until the Civil War began in 1861 and the people were further enslaved when the privately owned Federal Reserve was established in 1913 (G. Edward Griffin said about the Fed that it is a cartel operating against the public interest, it's the supreme instrument of usury with the IRS acting as the collector, it generates our most unfair tax through inflation and bail outs, it encourages war, it destabilizes the economy, it discourages private capital formation, it cannot be fully audited, it does not pay taxes and it generates enormous profits for its owners.) George Washington lamented: “A wagon load of money will scarcely purchase a wagon load of provisions.” Earlier, colonial scrip had worked because just enough was issued to facilitate trade, and counterfeiting was minimal. Today, those who support a gold-backed currency point to this period during the Revolution to demonstrate the evils of a fiat currency. But remember, the same currency had worked so well 20 years earlier during times of peace that the Bank of England had Parliament outlaw it, and during the war the British deliberately sought to -undermine it by counterfeiting it in England and shipping it 'by the bale' to the colonies. England possessed the fairest portion of the earth in the American Colonies but lost them all because of the greed of the moneylenders. The early colonists were Protestant Christians who hated usury and money lending. They were mostly poor and brought little ready money with them from Europe. There were no gold or silver mines so each Colony issued non interest bearing paper notes. The blessing of God and their hard work soon enabled them to overtake the mother country in industry, commerce and wealth. The greedy moneylenders of the Bank of England soon cast covetous eyes on the Colonies. Their first attempt to destroy the Americans with usury was made in 1765. It was called the Stamp Act. Payment of various taxes was required in specie or coin. Since they had no English coins to pay the tax that meant that they would have to borrow at usury from the Bank. Soon they too would be reduced to penury, pauperism, and destitution like their cousins in England. Benjamin Franklin said that the American war for Independence was fought over money and currency (like every war) and the right of the Colonies to issue their own usury free currency apart from the Bank of England, i.e. the Revolution was caused by the Bank of England: "That is simple. In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one." (Benjamin Franklin on Colonial Scrip). "The Colonies would gladly have borne the little tax on tea and other matters had it not been the poverty caused by the bad influence of the English Bankers on the Parliament, which has caused in the Colonies hatred of England and the Revolutionary War." (Benjamin Franklin on Colonial Scrip) "9th. That the duties imposed by several late acts of Parliament, from the peculiar circumstances of these colonies, will be extremely burthensome and grievous, and, from the scarcity of specie (coins), the payment of them absolutely impracticable." (The Declaration of Rights of the Stamp Act Congress) Thomas Jefferson was a champion of the people: "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance… If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered… The issuing power should be taken from the banks and restored to the government to whom it properly belongs." “The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating”. ~ Letter to the Secretary of the Treasury Albert Gallatin (1802) and later published in The Debate Over The Recharter Of The Bank Bill (1809) "A democracy cannot be ignorant and free." "I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." "In questions of power, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." "I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt." "Only lay down true principles, and adhere to them inflexibly. Do not be frightened into their surrender by the alarms of the timid, or the croakings of wealthy against the ascendancy of the people. The true foundation of republican government is the equal right of every citizen, in his person and property, and in their management. Try by this, as a tally, every provision of our Constitution, and see if it hangs directly on the will of the people." "The incorporation of a bank and the powers assumed, have not, in my opinion, been delegated to the United States by the Constitution. They are not among the powers specially enumerated." "It has always been denied by the republican party in this country, that the Constitution had given the power of incorporation to Congress. On the establishment of the Bank of the United States, this was the great ground on which that establishment was combated; and the party prevailing supported it only on the argument of its being an incident to the power given them for raising money." "Instead of funding issues of paper on the hypothecation of specific redeeming taxes, we are trusting to tricks of jugglers on the cards, to the illusions of banking schemes for the resources of the war, and for the cure of colic, to inflations of more wind." "The Bank of the United States is one of the most deadly hostilities existing against the principles and form of our Constitution. An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war? It might dictate to us the peace we should accept, or withdraw its aid. Ought we then to give further growth to an institution so powerful, so hostile?" "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 large scale." "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of the lending institutions and moneyed incorporations." "If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses. "And the sixteenth being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers. "And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on 'til the bulk of the society is reduced to be mere automatons of misery, to have no sensibilities left but for sinning and suffering. "And the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression." "Leave no authority existing not responsible to the people." "You have rights antecedent to all earthly governments; rights that cannot be repealed or restrained by human laws; rights derived from the Great Legislator of the Universe Thomas Jefferson: "... we must not let our rulers load us with perpetual debt...If we run into such debts as that we must be taxed in our meat and in our drink, in our necessities and comforts, in our labors and in our amusements, for our callings and our creeds...our people...must come to labor 16 hours in the 24, give the earnings of 15 of these to the government for their debts and daily expenses; and the 16th being insufficient to afford us bread,...We have no time to think, no means of calling the mis-managers to account; but be glad to obtain subsistence by hiring ourselves, to rivet their chains on the necks of our fellow sufferers. Our land holders, too...retaining indeed the title and stewardship of estates called theirs, but held really in trust for the treasury,. . .this is the tendency of all human governments. A departure from principle becomes a precedent for a second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering...And the fore horse of this frightful team is public debt. Taxation follows that, and in it's train, wretchedness and oppression." After the Revolution, the Bank of England still retained a stranglehold on the country by the chartering of the First Bank of the U.S. in 1791. The charter was to last for 20 years and expire in 1811. Congress refused to renew the charter and war was declared by the Bank of England in 1812. General Jackson said this about the 2nd Bank of the U.S. which was re-chartered in 1816: "YOU ARE A DEN OF VIPERS AND THIEVES. I INTEND TO ROUT YOU OUT, AND BY THE ETERNAL GOD I WILL ROUT YOU OUT." And our HERO did exactly as he promised. He refused to renew the charter of the 2nd Bank and it died an unnatural death in 1836. The people were finally free of the Bank of England alias the "Bank" of Rome until the Civil War began in 1861. General Andrew Jackson was the hero of the war of 1812. He also won the war against the crooked banksters. President Abraham Lincoln And The Civil War (1861 - 1865) With the Central Bank killed off, fractional reserve banking moved like a virus through numerous state chartered banks instead causing the instability this form of economics thrives on. When people lose their homes someone else wins them for a fraction of their worth. Depression is good news to the lender; but war causes even more debt and dependency than anything else, so if the money changers couldn't have their Central Bank with a license to print money, a war it would have to be. We can see from this quote of the then chancellor of Germany that slavery was not the only cause for the American Civil War. "The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These Bankers were afraid that the US, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the World." Otto von Bismarck chancellor of Germany. On the 12th of April 1861 this economic war began. Predictably Lincoln, needing money to finance his war effort, went with his secretary of the treasury to New York to apply for the necessary loans. The money changers wishing the Union to fail offered loans at 24% to 36%. Lincoln declined the offer. An old friend of Lincoln's, Colonel Dick Taylor of Chicago was put in charge of solving the problem of how to finance the war. His solution is recorded as this: "Just get Congress to pass a bill authorising the printing of full legal tender treasury notes... and pay your soldiers with them and go ahead and win your war with them also." Colonel Dick Taylor When Lincoln asked if the people of America would accept the notes Taylor said: "The people or anyone else will not have any choice in the matter, if you make them full legal tender. They will have the full sanction of the government and be just as good as any money; as Congress is given that express right by the Constitution." Colonel Dick Taylor Lincoln agreed to try this solution and printed 450 million dollars worth of the new bills using green ink on the back to distinguish them from other notes (green backs). "The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers.... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles... the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity." Abraham Lincoln From this we see that the solution worked so well Lincoln was seriously considering adopting this emergency measure as a permanent policy. This would have been great for everyone except the money changers who quickly realised how dangerous this policy would be for them. They wasted no time in expressing their view in the London Times. Oddly enough, while the article seems to have been designed to discourage this creative financial policy, in it's put down we're clearly able to see the policies goodness. Times of London: "If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the World. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." From this extract its plan to see that it is the advantage provided by the adopting of this policy which poses a threat to those not using it. 1863, nearly there, Lincoln needed just a bit more money to win the war, and seeing him in this vulnerable state, and knowing that the president could not get the congressional authority to issue more greenbacks, the money changers proposed the passing of the National Bank Act. The act went through. From this point on the entire US money supply would be created out of debt by Bankers buying US government bonds and issuing them from reserves for bank notes. The greenbacks continued to be in circulation until 1994, their numbers were not increased but in fact decreased. President Abraham Lincoln approached the banksters In order to finance the war. They wanted usury of 28% which Lincoln refused to pay. In order to circumvent the banksters he issued $450,000,000 in GREENBACKS or U.S. Notes. These GREENBACKS were non usury paying notes and were backed by the credit of the nation. Of course the banksters were furious. Had President Lincoln lived and finished out his 2nd term he would have forever closed the door to the malicious influence of the "Bank" of Rome. On April 15, 1865, he fell a victim to the leaden bullet of the assassin John Wilkes Booth — another tool of the moneylenders!! In fact, 6 US presidents (William Henry Harrison, poisoned, in 1841, Zachary Taylor, Lincoln, Garfield, McKinley and John F. Kennedy 1963; 7 if we count FDR’s poisoning) were murdered because of their opposition to private central banks who can create interest-bearing money from nothing. William Cobbett, the author of “Rural Rides” and MP in the reformed Parliament of 1832, wrote: “I set to work to read the Act of Parliament by which the Bank of England was created, and all the Acts about loans, and funds, and dividends, and payings, and sinking funds and I soon began to perceive that the fate of the Kingdom must finally turn upon what should be done with that accursed thing called the National Debt. The sum at first borrowed was a mere trifle. The inventors knew well what they were about. Their design was to mortgage by degrees the whole of the country... to those who would lend money to the State... the deep scheme has from its ominous birth been breeding usurers of every description, feeding and fattening on the vitals of the country, till it has produced what the World never saw before - starvation in the midst of abundance!” John D. Rockefeller (Mr. Usury) in 1872 and later one of the owners of the Federal Reserve Bank in 1913: "Among the early experiences that were helpful to me that I recollect with pleasure was one in working a few days for a neighbour in digging potatoes—a very enterprising, thrifty farmer, who could dig a great many potatoes. I was a boy of perhaps thirteen or fourteen years of age, and it kept me very busy from morning until night. It was a ten-hour day. And as I was saving these little sums I soon learned that I could get as much interest for fifty dollars loaned at seven per cent. — the legal rate in the state of New York at that time for a year—as I could earn by digging potatoes for 100 days. The impression was gaining ground with me that it was a good thing to let the money be my slave and not make myself a slave to money" (Ida Tarbell, History of the Standard Oil Co., p.41). Napoleon Bonaparte: “I was compelled to proclaim laws against them for their usury, and the peasants of Elace have rendered me their thanks.” Dr. R.E. Search, “Lincoln Money Martyred”, Omni Publications Hawthorne, California. 1935 (Reprinted 1977): Consider this: “One penny loaned January 1st, AC 1, drawing interest at the rate of 6% compounded annually, on January 1st, 1895, would amount to: £8,498,840,000,000,000,000,000,000,000,000,000,000,000,000,000.00. To pay this in gold at the rate of 1.5 grams of gold to the pound sterling, using it in spheres of pure gold the size of the planet earth, would take: 610,070,000,000,000,000 such spheres to pay the debt. The Illuminati Banking dynasties don’t create the money to pay the interest. The only way to keep this system going it to have governments and people borrow more and more to create the money to pay the interest. A great way to stop this pyramid scheme from collapsing temporarily is to have wars which cause all sides in the conflict to borrow. Retired US Army Colonel De Grandpre: "The trigger for the 9-11 activity was the imminent and unstoppable Worldwide financial collapse which can only be prevented temporarily by a major war, perhaps to become known as World War III. To bring it off one more time, martial law will probably be imposed in the United States." (see transcript of his interview on the Feb 2004 Alex Jones Show Austin TX in the section about Fake Terror & 9-11) US and Canada by having partial control and issuing their own money built up their countries until 1913 with roads, bridges, buildings etc. with very little debt until the Federal Reserve Act in the US (the name carefully chosen to deceive the people from knowing that it is a privately owned corporation with most of the ownership European) and a similar Banking Act creating the Bank of Canada in Canada. Despite parliamentary hearings in England in the 1930's, they still don't know who the owners of the Bank of England are, i.e. the Rothschilds. Brief Explanation of the Current Fraudulent Financial System Setup Anyone with doubts about who really runs America (and by extension the rest of the World), got their answer when the Bankers’ owned Congress passed the bailout plan which was opposed by 95% of America and the leading experts on the subject. Bush's first Treasury Secretary, Paul O'Neill called the plan "crazy." http://www.bloomberg.com/apps/news?pid=20601068&sid=axb_haAIXhYs&refe... . Where will the Government/taxpayers get the money to pay the Banking Gangsters? Here are the options: • Well, the Government could ask each American to pay $3,333 (300 million times $3,333 = $1 Trillion) but somehow, that is unlikely. • The next option then is to sell an additional $1 Trillion worth of T-Bills, but there are no buyers, there are already over $10 Trillion of outstanding Federal Debt held by US citizens/corporations (about $5 Trillion) and by foreigners (China, Japan, Germany, Saudi Arabia, etc.). An additional undisclosed amount of debt is being held by the privately owned Federal Reserve Banks. • How about selling off some Government assets? Lands? Fanny Mae? Freddie Mac? Difficult. • So, we’re left with this last option. Since only the Banksters are allowed to create money from nothing (akin to counterfeiters), the Government will borrow from the Banking Gangsters’ owned Federal Reserve System Banks who are allowed to create money from nothing by virtue of the fraudulent 1913 Federal Reserve Act (for more details on this, see the references at the end). The Government will print Bonds, take them to the nearest Fed Bank of New York across from the Treasury Building, and the Fed will “magically” put $1 Trillion in the Government’s account by a keyboard data entry stroke, and this money, the Government will promptly give to the Commercial Banks. In the process, the taxpayers have become indebted to the Banksters and are on the hook for usury payments. Professor Nouriel Roubini, one of the economists who (back in 2006) first warned that the financial markets and economy were headed for a day-of-reckoning, could not say enough about how bad he believes the Treasury's bailout is. "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown." http://www.salon.com/opinion/greenwald/2008/09/29/bailout/ Americans didn't see former Treasury Secretary, Paul O'Neill or Professor Nouriel Roubini on the news over the last few weeks, yet they still overwhelmingly opposed the plan to bailout the bankers. Notwithstanding the huge public opposition to the plan, both Presidential candidates and at last even the US house of Representatives sided with the bankers, so it is obvious who really runs America. Everyone else can go to hell. “A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all of our activities are in the hands of a few men. We have become one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world...no longer a government of free opinion...but a government by the opinion and duress of small groups of domineering men”. - PRESIDENT WOODROW WILSON, 1916, when he realized his gigantic mistake in supporting the Banksters with the Federal Reserve Act in 1913. “Henry Ford thinks it's stupid and so do I, that for the loan of (its) own money... the United States should be compelled to pay...interest. People who will not turn a shovel of dirt nor contribute a pound of material will collect more money from the United States than all the people who supply all the material and do all the work...why must we pay interest to money-brokers for the use of our own money!” - famous scientist and inventor THOMAS A. EDISON 1847-1931, re Congress borrowing from FED. Rep. Louis McFadden, who had served as Chairman of the Banking and Currency Committee for over 10 years, was hopping mad about the Federal Reserve and its shameless abuse of the U.S. government and its citizens. In a speech to the House of Representatives, McFadden stated: "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed have cost enough money to pay the National debt several times over. "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it. "Some people who think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime." [Emphasis added.] Here are some more highlights of how the Banking Gangsters’ Financial/Monetary/Credit system works: President Thomas Jefferson’s Prophecy "I believe that [private] banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." ~ President Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802) and later published in The Debate Over The Recharter Of The Bank Bill (1809) "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." ~ President James Madison, Chief Architect of the Constitution, 4th US President "You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out." (Speaking to the bankers) - President Andrew Jackson, 1832 There are many more similar quotes from other Presidents, former bankers, scientists and politicians listed in The Hidden History of Money (http://www.lulu.com/content/165077) . Unfortunately, all 7 Presidents who tried to stop the Banksters were either shot or poisoned. All money that is in circulation is created from nothing by the Commercial Bankers and by the Fed Banks which themselves are owned by the same people who own the major Commercial Banks. “There is no dispute about the fact that our economy is built by bankers lending money that they do not possess, never have possessed, and never will possess, on the calculation that they will not be asked for that money in notes, coin or gold... “ - CHRISTOPHER HOLLIS, The Breakdown of Money “The banks - commercial banks and Federal Reserve - create all the money of this nation, and the nation and its people pay interest on every dollar of that newly created money. Which means that private banks exercise unconstitutionally, immorally, and ridiculously the power to tax the people. For every newly created dollar dilutes to some extent the value of every other dollar already in circulation.” - JERRY VOORHIS, U.S. Congress, CA-D., 1946 The Bankers create this private money when someone (Government, Corporation, Individual) gives them an “I owe you” (bond, mortgage, vehicle purchase contract, promise to pay, etc). Thus, every dollar in circulation represents someone’s promise to pay and thus the currency is actually owned by the Bankers (whether paper notes or computer ledger accounts). We, The People, get to own the debt and make the usury payments through taxes (all taxes go to pay usury to the Bankers as per the findings of the Reagan Grace Commission in 1984) and inflation (which reduces the value of your currency-based savings and income). All liabilities are assumed by the taxpayers since the legislation says that the currency created by the Bankers is “legal tender” and one must accept it in exchange for all goods and services. “Let me issue and control a nation's money and I care not who makes its Laws. The few who understand the system, will either be so interested from its profits or so dependant on its favors, that there will be no opposition from that class”.” ANSELM MEYER ROTHSCHILD (whose Dynasty and associated dynasties such as Rockefeller, J.P. Morgan, Goldman Sachs, Vatican, were/are owners of major banks including the Bank of England, The Federal Reserve, etc.) * All money (printed or sitting in ledger bank accounts, about $700 billion are circulating as paper notes and over $10Trillion are circulating in ledger computer accounts) is issued by the private commercial banks and the private owned central bank known as the Federal Reserve System Banks led by the Fed Bank of New York, i.e. the Government or People’s ability to create their own money free of debt/usury has been hijacked or usurped by the Banksters. * Thus, the Banksters create money from nothing, i.e. they actually have nothing to lend and use us all as collective socialized collateral for the money they issue, i.e. they lend us our own money as usury-debt. Banksters actually convert a private promise to pay into a socialized promise to pay know as the national currency. The bookkeeping entry is quite simple, i.e. debit assets with the borrower’s promise to pay and credit the borrower’s account with the currency and voila, the money pops into existence. * This privately issued money is known as the US Dollar and it has no intrinsic value. * The taxpayers insure much of the deposits and money market accounts. * All money in circulation (other than the tiny bit of coins) comes into existence, i.e. is issued, when someone (government, corporation, individual) borrows from the commercial banks or from the Federal Reserve System banks which is owned by the major commercial bankers. What the banks do is that they convert or monetize the borrowers’ private promises to pay into a socialized promise to pay known as the currency, at no liability to themselves, i.e. the currency they issue is redeemable for anything the country produces and not just for anything the bank possesses. Thus, the bank acts as if it possessed us all. * The Banksters, having usurped the power to create money from the people, thus tax the people for the People’s own money through the direct government imposed taxes, and indirect taxes such as interest, bailouts, deficits and inflation. Thus, the Banksters actually own us and the government. * The major commercial banks are controlled by the Rothschild, Rockefeller and Vatican Dynasties also known as the MoneyMasters. * All of this privately issued money represents a debt which is in the end collectible from the taxpayers, i.e. all benefits and profits are privatized and go to the Banksters and the liabilities and losses are socialized and borne by the taxpayers. This is quite similar to other of the World’s natural resources which the giant dynasties monopolize, then privatize the exploitation profits, and then socialize the costs of environmental pollution. * The system is a giant ponzi scheme that dwarfs Las Vega gambling and which creates cyclical booms and busts, i.e. the money flow reaches a peak, the Banksters skim the profits and others are left paying the cyclical bailouts. * All taxes go to pay interest to the Banksters as revealed by the Grace Commission under Ronald Reagan. When Reagan decided to dig deeper with an in depth audit of the Federal Reserve System, he was promptly shot by a friend of the Bush family. * The Banksters issue much credit to themselves and friends with which they gamble and speculate, i.e. stock hyping, commodities front-running, derivatives, hedge funds, short-selling, etc. and just before their ponzi schemes reach their peaks, they sell out. * If they sell out too late, they want a bailout. When bailouts of the major Banksters occur, a major wave of inflation is unleashed. Bailouts are a hidden tax (the Government representing the taxpayers has to borrow the money from the Banksters and then gives it back to the Banksters) that result in inflation or loss of currency value, thus inflation is a hidden tax. References: Go to http://groups.google.com/group/total_truth_sciences/browse_ thread/thread/40a8b1f6c0197738 |