“A pre I.M.F. seminar of eminent economists could not agree on what money is or how banks create it” Page 1, Wall Street Journal, Sept 24, 1971
Questions on the above quote:
- If the economists do not know what the ‘money’ is, how did the economists determine that the banks created the money?
- If the economists do not know what ‘money’ is, how come 200 million people think they do know what ‘money’ is?
- If the economists do not call the paper and metal tokens in use today ‘MONEY’, what do the economists call the paper and metal tokens in use today?
“Those who issue and control money and credit determine the policies of government and hold the destinies of the people in the hollow of their hands” -Sir Reginald McKenna
“Our monetary system would not work if all of the world’s bankers were not in collusion” -Merrill M.E. Jenkins
The Birth of Inflation
“Though the process impoverishes many, it actually enriches some” -John Maynard Keynes
When you lose due to inflation, someone GAINS. Your wealth can not just disappear into thin air unless it was gaseous in the first place. When millions are losing thousands by inflation, a handful of men somewhere are gaining by the billions or trillions. It should be expected that such men would train and hire all of the economists they need to confuse everyone including those economists about inflation.
For the few to control the many with inflation fear, chemicals, tax illusions and propaganda, their victims must not know what inflation is, who creates it, that they are controlled with it, that taxes are illusory or why they have the illusion. Nor should they know why their water is fluoridated or the true purpose of the FDA. Amusements must be everywhere for everyone. To muse is to think. Amuse is without think. Amusements are devices intended to keep us from thinking about things that we should think about such as money, taxes, government, freedom and liberty. The Romans had bread and circuses. We have food stamps, football, foos ball, fools on TV ad infinitum.
There is no purpose on Earth for economists than to confuse everyone including themselves about inflation. CPA’s are people you hire to certify that you are as confused as they are. We must either seek fusion (unity) or confusion. Economists, accountants, lawyers and bankers are united against us whether they know it or not. No man’s judgement can be any better than his information says Stuart Crane Ph. D. What do we have when information is kept from the economists, accountants, lawyers, bankers, doctors, teachers etc. Whom we trust? When a handful of men create unlimited money (credit) out of thin air and get get everything for nothing with it, why should they share all of their secrets and see their privilege to create unlimited money abolished? Shouldn’t you expect them to work hard at maintaining secrecy by all means of communication?
“History shows that the money changers have used every form of abuse, intrigue, deceit and violent means possible to maintain control over governments by controlling the money and its issuance” -President James Madison
“In fact, evil men and false teachers will get worse and worse deceiving many, they themselves having been deceived by Satan” -Timothy 3:13
Centuries ago, people exchanged their perishable wealth for non-perishable gold which is also wealth in spite of the fact that it was called “money”. In time, they began to store their gold in the vaults of goldsmiths and received paper receipts for it. As more time passed, they wanted to exchange their gold for other wealth and found it practical to just deliver their receipts for gold rather than the gold itself. Since the receipts for gold were almost as acceptable as the gold itself, the receipts too were called “Money”
The goldsmith eventually became aware that only about 10% of the gold they stored for others was ever claimed and the rest just collected dust. Finally on one fateful day, a goldsmith issued a receipt for non-existant gold and either spent or lent it into circulation AS money. Inflation was born! There was no INCREASE in the money supply as economists are trained to tech us the “cause” of inflation. There was only an increase in the RECEIPTS for money (gold). Inflation then as now was a fraudulent claim for wealth. When the 2nd such fradulent receipt defining ‘inflation’ as an “increase” (of something) only deceives the victims as to what inflation really is and paves the way for more inflation is the form of fraudulent receipts for wealth.
Quoting the Federal Reserve Bank of Chicago in Modern Money Mechanics:
At one time bankers were merely middle men. They made a profit by accepting gold and coins brought to them for safekeeping and lending them to borrowers. but they soon found that the receipts they issued to depositors were being used as a means of payment. (But were not actual payment) These receipts were acceptable as money since whoever held them could go to the banker and exchange them for metallic money.
Then bankers discovered that they could make loans merely by giving borrowers their promises to pay (bank notes). In this way, banks began to create money. More notes could be issued than the gold and coin on hand because only a portion of the notes outstanding would be presented for payment at any one time. Enough metallic money had to be kept on hand, of course, to redeem whatever volume of notes was presented for payment.
AND WHEN THEY DID NOT KEEP ENOUGH GOLD ON HAND, THEIR FRAUD WAS EXPOSED AND THEY WERE HUNG BY THE NECK! When they held only 1000 ounces of gold and issued notes for 12,000 oz., what do you suppose happend when 10% of the note holders showed up to claim their gold?
“Demand deposits are the modern counterpart of bank notes. It was a small step from printing notes to making book entries to the credit of borrowers which the borrowers, in turn, could ’spend’ by writing checks” – ibid.
Creating money out of nothing was fun and profitable but the hangings caused convulsions and DEATH. How could they continue this fraud without the hangings? Well, the problem arose when too many notes were presented for redemption.What would happen if they knew that one person kept many notes in his house and they burnt his house down? There would be no problem with redeeming those notes would there? What if he had his notes hidden somewhere and they simply killed the note owner? What if they hired someone to steal the notes while he slept? What if they established a government and taxed the notes away from everybody who had them and taxed gold away from those who had gold and used that gold to settle the claims of survivors who still had notes? What if they used all of these means and still could not get the notes out of circulation fast enough, do you think they could collect more taxes if they kept the people believing that a powerful enemy might invade them and high taxes were needed to provide for a defense? Would the bankers create and sustain an “enemy” just for that purpose? We are told that Russia borrows from western banks and the Bible says: “The borrower is servant to the lender” proverbs 22:7. Do YOU think the Bible is wrong? Would you rather just think this verse is being misconstrued? Can you think of why the Russians would give up their valuable gold for paper that cost the world banking system nothing if they were not in fact servants of same?
“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time, a legal system that authorizes it and a moral code that glorifies it” -Economic Sophisms by Frederic Bastiat (1801-1850)
In 1848, bankers hired a man by the name of Karl Marx to draw up a plan to perpetuate their plunder with non-redeemable notes. It is known today as the “Communist Manifesto”. The 5th plank called for the establishment of a central bank which would legalize what bankers in the establishment of a central bank which would legalize what bankers in the past were hung for, the process known as “fractional reserve banking”. The 1st, 2nd and 3rd planks call for real estate tax, income tax and inheritance tax to get their fraudulent notes out of circulation after they plunder us with them. Rebel against these taxes and you learn about the 4th plank which calls for “confiscation of property of rebels!” The 10th plank calls for “free education in public schools” so that acceptance for this system of plunder is gained at an early age.
There are millions of Americans aware of most everything written here who agree that every president in this century has been owned by the bankers along with all of their appointees and employees. It seems that they fail to see the only purpose of all of those people which is to see that their masters keep creating money out of thin air to control all of us. Probably most of our Congressmen are honest people who think the President and his cabinet aim to serve the American people but the Bible tells us that no man can serve two masters. So the cabinet members, their employees and the President testify before Congress to influence legislation that will give the bankers even more control over us. In addition, they influence the news media that influences us to demand the legislation they need to control us. It IS a cancerous system!
In colonial times, this country was plundered with non-redeemable paper currency known as the “Continental dollar” and the people suffered greatly under the legal tender laws that compelled them to accept nothing for something. In 1789, our Constitution was written to protect us from such inflation and the tyrannical government it makes possible. Legal tender was prohibited in Art. 1, sec 10 with the words: “No state shall pass any law impairing the obligations of contracts” AND the 5th amendment words: “…nor shall private property be taken for public use without just compensation.“For an accurate description of that period of history, please see The Mircale On Main Street by F. Tupper Saussy.” This book has the solution to our problem with inflation.
It is not possible for people to control public servants when the servants print paper that the people call “money” and accept as payment for all of their labor. When they accept such paper, they cease to have servants and gain MASTERS. “Whoever controls the volume of money in any country is absolute master of all commerce and industry” -President James A. Garfield (He was shot)
In the Constitution, Art 1, Sec 8, we authorized Congress to COIN money (not print it), regulate the value(weight) thereof and of foreign coin and to FIX a standard of weights and measures (for the coins). When we authorized them to borrow money, we authorized them to borrow some of the metal that they coined. Today, they only record that they borrow and there is no limit to what they can record. THAT explains why we can’t control them. He who pays the piper calls the tune!
On April 2, 1792, Congress passed the MINT ACT which established gold and silver soins as the money of account and FIXED the dollar as a WEIGHT of gold or silver in coin form. They also provided a penalty of DEATH for officers of the mint who might take part in debasing our coins because they knew that counterfeithers could overthrow our Republic. It wasn’t too long before somebody divided the 480 grains in an ounce by the 24 3/4 grains in the dollar of gold and came up with a “price” of gold in dollars per ounce which is little different than dividing the number of ounces in a gallon by the number of ounces in a pint and obtaining the price of milk! Nevertheless, gullible citizen accepted this bit of legerdemain entity rather than a measure of weight fixed by Congress. It was just a matter of time before the people believed that entity was a piece of paper. It it were, wouldn’t 10 dollars have to be 10 pieces of paper?
The day of infamy was Dec 23, 1913, when Congress passed the Federal Reserve Act and, in omplementing this 5th plank of Karl Marx’s communist manifesto, they legalized what bankers in the past had been hung for. Though we authorized Congress to provide penalties for counterfeiting, this infamous act provided presses, paper, ink and labor for counterfeiting by government. To control the volume of counterfeit used by its victims, the 16th amendment was passed in the same year, i.e. Marx’s 2nd plank, a progressive income tax.
For details of the skullduggery involved in these two pieces of legislation see “None Dare Call it Conspiracy by Gary Allen“. It is an excellent book for one buck even though Allen prints the banker’s sophistic reason for the tax: “To pay the interest on the debt”. Its true purpose was written by economist John Maynard Keynes in Economic Consequences of the Peace:
“If governments should refrain from regulation (of our consumption) the worthlessness of the money becomes apparent and the fraud upon the public can be concealed no longer”
After all, what good are 200 million slaves who consume all they produce? Careful observation of the legislation promoted these days indicate that our subrosa government’s total efforts are in finding even more ways to regulate our consumption even if they have to kill us to do it. The diabolical thing about it is that they use their controlled press to get us to demand the legislation they need to control us-be it for taxation, fluoridation, busing or whatever.
One thing the sorry 16th DID NOT DO was to authorize compulsory filing of income tax returns! It could not do so without repealing our 1st amendment right to remain silent, our 4th amendment rights to privacy and our 5th amendment right not to be a witness against ourselves. These rights as well as rights guaranteed by the 9th and 13th amendments are waived when any person files a tax return. If congress could pass a law that requires us to waive our rights, then we have no rights! Is THAT right? No such law has ever been passed. How then are people who assert their rights convicted? Well, the truth is, that you have no more rights than what jurors know about and Marx’s public schools were not intended to teach citizens their rights! With enough educated jurors we could break the bankster’s stanglehold on us. It has been reported that it is nearly impossible for the IRS to get a conviction in Montana due to an educational campaign there. As for the rest of the country, there are less than 500 convictions per year with some 25 million less filing over an 8 year period. A conviction is “milked” for all it is worth to terrify hundereds of thousands of the Fed’s victims. First, there is a news release that the victim was arrested and charged with “willful failure to file!. That terrifies some. Then there is a rigged trial where the judge and prosecutor intimidate a jury they choose. Another news release the victim was found guilty. That terrifies people again. Then several weeks later, the victim is sentenced followed by another news release.. He appeals. Eventually the appeal will be denied and the victim is sent to jail with still one more news release. See how much “milage” they get out of just one victim? There is no way a victim can be freed upon appeal because if he were, everybody would copy what he did and wreck the system. Murders and rapists are dred because they pose no threat to the Fed’s system of plunder, in fact, they are allies because their release helps to create an aura of justice.
“Often the masses are plundered and do not know it” -Frederic Bastiat (1801-1850) in Economic sophisms. Worse yet, they will defend and reelect the plunderers while they ridicule and condemn those who try to expose them! Try to tell a graduate of the public fool (sick) system that the monetary system is not right and they are quick to insist that it “works”. And it is working them out of lives, liberty and property! Graduates of the private schools are little wiser. Their textbooks may have been written by victims of the public fool system.
There can be no modern wars and no communism without bank credit and legal tender. Communism is just a sophisticated theft. The credit and legal tender tokens are like the leavings of pack rats, animals that steal shiny objects and leave sticks or stones in their place. Taxes and tax illusions conceal the theft in two ways, one is that they get credit and legal tender away from us after we are robbed with it so that a certain scarcity is maintained which is a basic requirement for anything to serve as money. Secondly, it leaves the thought that government wouldn’t tax it away from us if they did not need it to spend themselves. Endless reports of “wasted tax dollars”divert the people’s attention from the truth that there are NO tax dollars that go anywhere. How can YOU send them any money when all you have in the bank is numbers and the Fed states: “The Federal Reserve systsem (of plunder) operates (on us) only with credit”?? Beware of any economist or economic writer who speaks of money AND credit. Money IS credit! You don’t send the IRS money, you send them an authorization for your bank to reduce your credit. The IRS neither wants nor collects money. They are forbidden by official guidelines to even tell you what is current as money. See Congressional Record Feb 21, 1979, page E609.
So, with the Fed creating unlimited credit, they must control the volume to remain our “absolute masters”. With money being anything USED AS a medium of exchange, there are 3 ways to control the volume. They can tax it away from us so that we don’t use it. They can demand high interest (usury) to discourage usage and they can simply see that users or potential users of credit are exterminated. WHO should go? When they need less consumption and more production, they need to eliminate non-productive consumers. You know what they are doing about babies! Sugar, salt, tobacco, aluminium and fluoridated water over a period of years with perhaps other slow posions help to insure that we expire before we retire. “If there were fewer people bidding against each other.. money (credit) would keep its value” – Keeping our money healty pub, Federal Reserve Bank of New York. Whenever you visit a Veteran’s cemetary, remember that paper money made it possible. “My people perish for lack of knowledge” -Hosea 4:6
The newspapers keep us fearful of a country can’t whip Afghanistan in 3 years and Napoleon said that he feared 3 newspapers more than 100,000 bayonetts! Students of this conspiracy will agree that Russia has owned by New York and London bankers since 1919. See “None dare call it conspiracy” for more on this.
President Garfield told us that whoever cotrolled the volume of money in any country was absolute master of all commerce and industry. For the secret owners of the Fed to control the volume of money and become our absolute masters, they had to get the gold away from our grandparents. This was accomplished in 1933 with the treats of fines and imprisonment by their president Franklin D. Roosevelt whose aide Harry Hopkins said: “Elect, elect, elect, tax, tax, tax, spend, spend, spend, spend, the people are too damned dumb to understand”
Hopkins words were really proven accurate when the Treasury began to steal our silver with the Thomas amendment to the Agricultural Adjustment Act in 1933. It provided a tax of 50% on all private sales of silver when the “price” of that money was 80 cents an ounce. Simultaneously, the treasury agreed to pay 50 cents an ounce for silver. When congress fixed the dollar as 24 3/4 grains of gold, they also fixed it as 412 1/2 grains of silver or about 3/4 ounce of silver. That meant that 50 cents was 3/8 of an ounce of silver. So, with the treasury “paying” 3/8 of an ounce of silver for an ounce of silver, they were stealing 5/8 of all silver produced and the victims could not see it because they thought the dollar was a piece of paper! “What fools these mortals be” -Shakespeare
Please keep in mind that all if this skullduggery was possible because the bankers owned the President and his Secretary of the Treasury. Of course they also own the Secretary of Defense, Secretary of State and everybody else they need to provide us with wars whenever they think they need one to thin our ranks or to distract us. We are supposed to believe that Liberty Bonds in 1918 and Saving Bonds in World War II were used to finance these wars but the truth is, the Fed created all the credit they needed out of thin air and the bonds were used to reduce our consumption so that we would not bid prices to the sky and expose their fraud perpetrated with the credit. Who would ever consider that government prints the bonds AND the paper with which to buy them? Yes, Hopkins was right!
As they kept printing more paper and more people were wainting silver coins, it looked like the “price” of silver could exceed 1.29 pieces of paper called “dollars” per ounce and the people might melt the silver to exchange for paper bills at a “profit” so the silver coins had to be taken out of circulation. The Vietnam war provided an outstanding smokescreen for the confiscation of our silver. The Tonkin Gulf “incident” that provided the excuse for bombing North Vietnam was in August 1964, just weeks before Congress stopped coining money (silver) never to start again. We were told that food and technology were given by us to Russia during that “war” and also told that Russia supplied North Vietnam. We might well have sent it direct and we may have actually done that too! In any event, both sides were financed with credit that bankers created out of thin air. “The Federal Reserve system operates (on us) only with credit”, said the New York Federal Reserve bank in 1960 in Keeping our money healty. Do you like to be operated on? Gold and silver coins are barter.
There are only two economic systems on Earth; God’s and the Fed’s. God commanded a barter system with the words; “Thou shall not steal” The ONLY purpose of credit is to take people’s property without payment. True, the taker may eventually pay if there were lawful coins to pay with but in 1968, Congress authorized the Fed to steal all of the lawful coins on deposit in our banks making lawful payments impossible. In their place we have unconstitutional and God forbidden legal tender paper and copper tokens that the people call “dollars” and the sole purpose of legal tender is to take property without payment. The expression, “cash and credit” is to take property without payment. The expression, “cash and credit” is an absurdity when the Fed says the system operates only with credit! A “cash” register is now a debt register that records how much merchants were robbed. What “cash or credit” really means today is, bills of credit or credit. The paper tokens called “dollars” give physical embodiment to credit, creating the illusion that we use a real medium of exchange when we are on the THOUGHT standard. If you think you have money and a banker agrees, then you have it. Otherwise, you ain’t got it! Our constitution mandates a barter system both with the words: “No state shall make any THING but gold and silver coin a tender in payment of debt” and “… nor shall private property be taken for public use without just compensation“. Compensation means “payment” and the purpose of credit is to avoid payment, especially when the credit we use today was described by Anatol Balbach of the St. Louis Fed on KSD radio as “perpetual debt“.
The diabolic aspect of this system of plunder is that the victims can not see they were robbed as if a purse was snatched. They end up with a piece of paper that permits them to steal an equal amount (less taxes) from their neighbor IF THEY HURRY. What most ail to consider is that the first user of the paper got it for absolutely nothing and the last user MUST get absolutely nothing for it. Those in between help the first user rob the unknown last user and are proportionately robbed themselves depending on how long they held it. They seek the paper while condemning inflation not knowing they are one and the same. “A double minded man is unstable in all of his ways” James 1:8. We are a nation of destabilized doublethinker’s. George Orwell was born 30 years to soon!
“We are in a time of disorted words and phrases. Meanings have been twisted and reversed. It is the day of “doublethink”. Money is no longer means money. Income no longer means income. Voluntary no longer means voluntary. I could go on and on with the government’s game of doublethink, exchaning means and perpetuating a system of lies and deception that is as old as Satan himself. The purpose pf keeping the public confused and causing them to question their own truth, no matter how evident it is. Once we have doubted the truth that we see and know in our hearts, it is easy to get us to accept a lie” -The Sentinel
July 27, 2009