Prologue

 

When Benjamin Franklin was called before the British Parliament in 1757 and asked to account for the prosperity in the American colonies. 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 anyone.”

 

It was the struggle for financial sovereignty that precipitated the American Revolution when the (Rothschild) Bank of England forced the colonies to give up their Colonial Scrip and intense poverty followed.

 

That war never ended.

 

The colonists had barely recovered from the trauma of war when they were sabotaged by British bankers who demanded repayment of war debts, triggering a “credit crisis” that constricted the money supply. A tidal wave of foreclosures ignited Shays’ Rebellion and 9,000 angry farmers took revenge on the cold-hearted debt collectors. The land-owning aristocrats, wealthy merchants and slave owners who wanted to preserve their privilege were alarmed by the spontaneous coalitions that were forming and rushed to put together a legal mechanism that would block the “leveling tendencies” of the common people (populism). They convened the constitutional convention to subvert the Articles of Confederation that enshrined the financial sovereignty of each state to issue its own currency and credit. Two of the new Constitution’s authors were bankers ~ Alexander Hamilton and Robert Morris ~ who hoped to gain control of the nation’s wealth by centralizing authority for creating the nation’s credit and then usurping that monopoly themselves. The “Founding Fathers” wanted a central authority that would enforce their privilege and their contracts, based on the British model of government with a House of Lords (upper class) that could overrule the House of Commons (lower class). Muskets had hardly cooled off before the revolutionaries were betrayed. The same tyranny they had fought so hard to defeat became the model for the new republic.[1]

 

In his 1899 book, The History of Money in America, the great monetary historian Alexander Del Mar, described the new Constitution:

 

“Never was a great historical event [the American Revolution] followed by a more feeble sequel. A nation arises to claim for itself liberty and sovereignty. It gains both of these ends by an immense sacrifice of blood and treasure. Then when victory is gained and secured, it hands the national credit - that is to say a national treasure over to private individuals, to do as they please with it! … Americans of the revolution had before them … the historical examples of Greece and Rome. In all these states the main contention from first to last between the aristocratic and popular factions arose out of and centered in the monetary system; that greatest of all dispensers of equity or inequity.

 

“They had only to take care that the seed they planted was genuine and uncontaminated. Nature was certain to do the rest. Well they planted; and now look at the fruit and see what it is that they planted! They planted financial corporations … they planted private money … they planted financial exemptions from public burdens … In a word they planted another revolution.”

 

Throughout their political lives Thomas Jefferson, James Madison and Andrew Jackson fought off the European bankers who intermittently controlled the nation’s credit and money supply through privately-owned banks. When Abraham Lincoln issued ‘greenbacks’ that deprived private bankers of their monopoly control of the nation’s money supply he was assassinated. The European bankers battled for more than a century to establish a private central bank in the United States with the exclusive right to print their own paper notes and exchange them for government debt. They succeeded in 1913 with The Federal Reserve Act, the final coup that authorized a private cartel to create money out of nothing, lend it to the government with interest and control the national money supply, expanding or contracting it at will. Representative Charles Lindbergh called the Act “the worst legislative crime of the ages.” Fifty years later, President John F. Kennedy defied the central bankers when he issued debt-free Treasury Notes. He too was assassinated.

 

The Systemic Usury Parasite

 

Why rob just one person when you can rob a whole nation? And why rob just one country when you can rob them all?

 

In 1913 our sovereign authority to create our own money and credit was usurped by a transnational private banking cartel that has systemically infected our economy with a staggering national debt ~ more than ten trillion dollars. The Sixteenth Amendment was passed simultaneously to extort income taxes to pay the same cartel interest on its manufactured federal debt. Eighty-five cents of every dollar is now consumed by interest. The dollar has lost 95% of its value since 1913. The combined public and private debt of Americans is 53 trillion dollars. Our economy is collapsing in bankruptcy, drained of its vital resources by the systemic usury parasite.

 

Ours is not the only nation to succumb.

 

The usury parasite has infected 185 countries, feeding itself through the central bank syndicate, a shareholder-owned consortium of private banks, headquartered in Switzerland at the Bank for International Settlements. Created in 1930, BIS obscures its transactions with legal immunity ~ an astounding array of cloaks that prohibit any form of oversight, intrusion or prosecution, allowing it to participate in unlawful activities without detection. The activities of its “agents” are also camouflaged by its immunity.[2] It functioned as a Nazi money laundering operation in World War II.[3] Today it serves as the cashier’s window for the global casino.[4] Each central bank member has an exclusive monopoly on its government’s monetary system, with the power to create public debt and expand or contract the host’s economy at will. Coordinating their monetary policies with each other through the BIS, the central bankers meet behind closed doors, appoint their own governors and set their own rules. Their books are not subject to audit by the governments that host them. They work in concert to protect their fraternity, sharing the credo that a threat to one member is an attack on them all. (NATO is based on the same credo and was created by the same syndicate to enforce gangster capitalism.)

 

The International Monetary Fund (IMF) and World Bank, created after World War II, are tentacles of the BIS central bank syndicate. Government treasuries are the predators’ target. The World Bank and BIS develop markets for credit by enticing unsuspecting governments to borrow huge sums of money and then strangles them with compound interest that creates insurmountable debt. As these governments invariably default, the IMF restructures the debt with new loans funded by the taxpayers of its 184 member countries, thereby reimbursing private investors with the confiscated wages of workers. In return for IMF loans, debtor nations are forced to surrender their national sovereignty and “open” their economies to “free-market neo-liberal” invaders that strip the assets of the country using deregulation and privatization schemes. Dignifying this criminal racketeering with the term “structural adjustment programs,” these transnational pirates slash social programs, rob taxpayers, privatize banks and government services, steal ownership of public utilities and transfer the nation’s treasures to private bank accounts, leaving in their wake bankrupt economies, a cheap slave labor force and devastating poverty.

 

Flushing the global economy of this systemic disease begins with understanding how the usury parasite debilitates its host with suffocating debt.

 

Although governments have inherent authority to create their own money, they borrow it from central banks, with interest. A central bank fabricates paper money and credit by “lending” them into existence, in return for treasury bonds of the host government ~ taxpayer IOUs. This “money” has no pre-existing value in reality and is conjured up through accounting entries. It is literally created out of nothing. (Counterfeiting) The central bank first “lends” these taxpayer IOUs to its own investment banks and then to down-line commercial banks, with interest. The commercial banks then lend nine times the face value of taxpayer IOUs held “in reserve.” This nine-fold multiplication of borrowed accounting entries, described as “fractional reserve banking,” creates massive inflation of the money supply which devalues the currency and reduces purchasing power. Borrowers further expand the money supply when they promise to “pay back” these accounting credits with compound interest that multiplies exponentially. More money must be fabricated to pay this interest. Thus, all “money” that enters circulation is actually debt contrived by conjured up accounting entries. Every fiat dollar is an IOU from a borrower to a lender. Credit card debt is generated by the same fraud. A debt-based monetary system can never achieve equilibrium because compound interest that multiplies exponentially always exceeds the money in circulation and eventually reaches staggering proportions, causing systemic collapse.

 

Organized Crime

 

Today the nation is essentially bankrupt and hoping Barack Obama’s team of Wall Street advisors will forestall economic collapse. This expectation is equivalent to hoping that Al Capone will make our streets safe. Obama’s economic recovery team is a Trojan horse filled with the same Wall Street racketeers that infected the global economy with a quadrillion dollar derivatives bubble, using deliberately deregulated mechanisms.[5] They have successfully held the nation hostage with a universal credit freeze and threats of systemic collapse if trillions of dollars in ransom demands are not met. But why would our government agree to double its public debt to save crooked financiers and reckless gamblers from bankruptcy? Why would our government re-victimize taxpayers who did not participate in this global fraud and whose investments, retirement savings, pension plans and real estate values have already been eviscerated by these swindlers? The answer is that the Treasury Secretary and Federal Reserve Board have historically represented a parasitic crime syndicate, not the host government and its taxpayers.

 

The racketeers who bribed members of Congress to deregulate Wall Street, could not have held our nation hostage without collusion from the Treasury Secretary and Federal Reserve Board. These monetary “authorities” represent Robber Barons, Inc. ~ the crime syndicate that ransacks government treasuries through the central bank system (IMF/World Bank/BIS), investment banks and private equity firms (JP Morgan Chase, Citigroup, Bank of America, Morgan Stanley, Lehman Brothers, Salomon Smith Barney, Goldman Sachs and Carlyle).[6] [7]

 

Treasury Secretary Henry Paulson, a Goldman Sachs CEO, is also a Board Governor at the IMF. Treasury Secretary Lawrence Summers’ Harvard team organized the looting of Russia, stripping one trillion dollars from Russia’s struggling economy and shifting state-owned assets to private owners. Summers succeeded Robert Rubin as Treasury Secretary and successfully completed Rubin’s repeal of Depression-era laws that protected public assets from Wall Street theft. A former co-chairman of Goldman Sachs, Rubin joined CEO Sanford Weill at Citigroup to fully embrace the benefits of deregulation. Rubin’s Citigroup pooled bets and junk loans as AAA securities and sold them as collateralized debt obligations. Larry Summers championed the deregulation of financial derivatives, ensuring the globalization of losses from those securities. With $2 trillion in worthless paper, Citigroup fraud has metastasized to 100 countries making it too infectious to quarantine (“too big to fail”). Rubin protégés presumed that taxpayers should be held responsible for $306 billion of Citigroup’s liabilities.[8] Rockefeller owns Citigroup and JP Morgan Chase, two of the investment banks that own the Federal Reserve. Paul Volcker, the head of Obama’s economic advisory team, is the Rockefeller banker whose policies under Reagan ignited the strongest political protests in the history of the Federal Reserve.[9] Obama’s Treasury Secretary, Timothy Geithner, is an IMF Director, BIS committee Chairman, ex-president of the Federal Reserve and a protégé of David Rockefeller, Henry Kissinger, Robert Rubin and Lawrence Summers.[10]

 

If it doesn’t govern, it isn’t a government. What is masquerading as government is a crime syndicate with a flag.

 

The US Government is an instrument of organized crime, alternatively described as the Washington Consensus, the Octopus, the Shadow Government, Wall Street, the Round Table (Bilderberg Group, Trilateral Commission, Council on Foreign Relations, Royal Institute of International Affairs) and the New World Order. There is nothing new about this Underworld Order. The sordid criminal record of this syndicate dates all the way back to European “colonizers” and operates through the Morgan-Rockefeller-Rothschild banking dynasties, American, European and Asian “royal” families, “philanthropic” (tax-exempt) foundations, Ivy League endowments, think tanks, advisory councils and transnational corporations. Pillaging the earth at gunpoint, syndicate families have amassed fortunes from drug trafficking, slave labor, weapons, blood diamonds, banking, gold, oil and genocide.[11]

 

From the very beginning of America’s fledgling republic these international gangsters surreptitiously gained control of the banks, railroads, oil and vital infrastructure, using a maze of corporations, offshore banks and holding companies that disguised foreign ownership of national resources. Today, they also control the media, our educational institutions, the medical and pharmaceutical monopoly, the military-industrial complex and our food supply.

 

During the 19th and 20th centuries this syndicate secured private ownership of vital infrastructure and natural resources across the globe, by engineering both covert and overt wars, crushing democracies and installing brutal dictatorships. They financed Trotsky, Lenin and Hitler, using syndicate members within the US Treasury and Federal Reserve to secure ownership of resources that rightfully belong to sovereign nations.

 

Thomas Lamont, a self-described fascist, was the JP Morgan banker who represented the US Treasury at the 1919 Treaty of Versailles negotiations. He personally raised $100 million to finance Benito Mussolini. William Boyce Thompson, director of the New York Federal Reserve traveled to Russia to undermine the Russian Revolution, ensuring that railroads, banks, oil and vital resources would remain in private hands.[12] Thomas McKittrick, Rockefeller’s Vice Chairman of Chase National Bank, was the president of the Bank for International Settlements during World War II, coordinating Nazi money laundering operations. McKittrick successfully undermined efforts to dissolve the Bank for International Settlements at the Bretton Woods negotiations.[13]

 

Hitler was armed and financed by Anglo-American corporations that provided the money, oil, weapons and extermination gas used for genocide.[14] Allen Dulles, a Wall Street attorney, negotiated their contracts. John J. McCloy, a Rockefeller banker-attorney, accompanied Dulles to Nuremberg to cover up the trail of Nazi collaborators (which included Rockefeller, Ford, Bush and Harriman families). They successfully defended members of the SS and helped Nazi war criminals escape. Many of them were imported into the CIA ~ the syndicate’s intelligence network. At the close of World War II, Dulles installed NATO’s “stay behind” underground forces that stage false flag terrorist attacks on civilian populations that “move to the left.”[15] Dulles and McCloy were later members of the Warren Commission that covered up the Kennedy assassination.

 

The syndicate used World War II to shift the center of imperial power from London to Wall Street. Capitalizing on European war debts, they created the IMF and World Bank to strip European nations of their assets as “collateral” for unpaid debts and supplanted the British pound sterling with the American dollar as the world reserve currency.[16] The new architecture of economic imperialism was complemented by military power with the 1947 National Security Act that created the Department of Defense, the National Security Council and the CIA. The syndicate used the US as a vehicle for imperialism with an institutionalized war industry. Euphemistically described as a war economy, this official perversion of national priorities began the conversion of the US from a wealthy creditor nation, a self-sufficient producer and exporter of agricultural and manufacturing goods, to a military debtor colony exclusively in service to syndicate wars.

 

The cover story for every war is a lie. All wars are engineered for syndicate profits. Any economic system that competes with syndicate profits or models an alternative to “finance” capitalism is brutally crushed and eradicated. Any form of populism that asserts the right of the people to own and control their own resources is covertly destabilized and suppressed by intelligence networks or overtly destroyed with military force. Social systems that attempt to return national resources to their rightful owners are characterized as threats to “national security.” What is meant by communist, Marxist, and socialist “dictatorships,” is populist governments that deprive the syndicate of exclusive ownership profits. Democratically elected leaders who attempt to nationalize natural resources for the benefit of their people are deposed or assassinated and death squads are unleashed to murder, torture and terrify the population.

 

General Smedley Butler, who exposed the syndicate plot to assassinate Franklin D. Roosevelt and install a US dictatorship, is best remembered today for his oft-quoted statement in the socialist newspaper Common Sense in 1935: “I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-12. I brought light to the Dominican Republic for American sugar interests in 1916. I helped make Honduras ‘right’ for American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went its way unmolested…. Looking back on it, I felt I might have given Al Capone a few hints. The best he could do was to operate his racket in three city districts. We Marines operated on three continents.”[17]

 

Financial Terrorism

 

Author Bernard Lietaer, a former central banker, writes in “The Future of Money:”

 

“Your money’s value is determined by a global casino of unprecedented proportions: $2 trillion are traded per day in foreign exchange markets, 100 times more than the trading volume of all the stock markets of the world combined. Only 2% of these foreign exchange transactions relate to the “real” economy reflecting movements of real goods and services in the world, and 98% are purely speculative. This global casino is triggering the foreign exchange crises which shook Mexico in 1994-95, Asia in 1997 and Russia in 1998. These emergencies are the dislocation symptoms of the old Industrial Age money system.”

 

These emergencies are also the hallmark of the transnational crime syndicate manipulating the global economy through financial terrorism. Collapsing healthy economies with currency speculation, fabricated debt and short selling, these vultures have swarmed across the globe devouring the assets of one nation after another with coordinated “deregulation” and “privatization” schemes. Deregulation is the practice of removing the legal obstacles to crime. Privatization is the embezzlement of public assets. The US is their current victim.

 

Instead of allowing a handful of corrupt Wall Street investment banks to implode from well-deserved bankruptcy, the Swindler Bailout engineered by the US Treasury and Federal Reserve extorts trillions of taxpayer dollars to pay off the gambling debts of racketeers, reward criminal CEOs for fraud, finance acquisitions of (now bankrupt) US corporations, and to devour healthy banks, further consolidating syndicate banking monopolies. If the Federal Reserve Board and Treasury Secretary served the taxpayers, government loans would have been directly issued to victims of predatory lenders to stabilize the housing market and “stimulus” funds would have been directly injected into the REAL economy. Instead, the confiscated wages of American workers were transferred to syndicate investment conglomerates and their foreign creditors. Tim Geithner plans to use confiscated American wages to create a “bad bank” to purchase toxic waste and embezzle an additional $1 trillion to cover the decline in syndicate revenues. Crippling national debt from syndicate wars, Swindler Bailouts and Obama’s “stimulus” lay the groundwork for national insolvency. This premeditated Grand Theft is the prelude for classic IMF “structural adjustment” of the American economy, permanently stripping citizens of their remaining assets, health care protection and Social Security and the subsequent sale of the nation’s assets to transnational pirates.[18]

 

Alan Greenspan, Federal Reserve Chairman, and Board Director at the predatory Bank for International Settlements, used the standard Rockefeller-Rothschild blueprint for engineering the US financial collapse: deliberate expansion of cheap credit to inflate the web of debt and entice rampant speculation followed by sudden constriction of credit to violently contract the economy. A tactic used by Rothschild’s Bank of England to rob its colonies, this violent contraction catalyzes waves of foreclosures, bankruptcies and layoffs that force sellers to accept pennies on the dollar for their assets. Alternatively described as Milton Friedman’s ‘Shock Treatment’ and Henry Kissinger’s psychopathic formula for “making the economy scream,” this financial terrorism has been accompanied by death squads to force a nation to its knees.

 

Financial Crisis or Syndicate Coup?

 

Billionaire George Soros said the world financial system has disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.[19] If this were true it would be a blessing. Given his allegiance to the Wall Street Burglars it is more likely a pretext for establishing an illegitimate financial hierarchy to consolidate syndicate control of global finance (a debt pyramid scheme). Media propagandists are spinning the “new” idea of one world currency issued by a “new” global monetary authority to resolve the financial crisis, herding the fearful into a blind alley. The saviors are the very same predators who engineered global chaos with their quadrillion dollar derivatives fraud. Their institution of choice to restore order is the predatory International Monetary Fund ~ Robber Barons, Inc.

 

Is one world currency a logical solution to the destruction of the world financial system? Is this a new idea as media ventriloquists would have us believe? Or is this a well orchestrated coup d’etat? Consider these statements:

 

“The Power of financial capitalism had another far reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks, which were themselves private corporations.” ~ Carroll Quigley, 1966[20]

 

“We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries.” ~ David Rockefeller, 1991[21]

 

“The adoption of a common currency is by far the boldest chapter of European integration. Money traditionally has been an integral element of national sovereignty … and the decision by Germany and France to give up their mark and franc … represents the most dramatic voluntary surrender of sovereignty in recorded history. The European Central Bank that will manage the euro is a truly supranational institution.” ~ C. Fred Bergsten, 1999[22]

 

The plans for consolidating a global dictatorship have been in motion for decades, accelerating exponentially during the 1990’s frenzy of deregulation that laid the groundwork for syndicate fraud to metastasize globally. Carroll Quigley, a Georgetown University professor and Bill Clinton’s mentor, was privy to all documents and meetings held by the Council on Foreign Relations and its syndicate affiliates, the Bilderberg Group and Trilateral Commission. He was not speculating on the motives of this cabal. He was a trusted member of the group, an admiring eye witness. Fred Bergsten’s euphoria over European loss of national sovereignty is an expression of victory, the triumph of subversive manipulation engineered by this group. European nation states did not voluntarily surrender their national sovereignty, as Bergsten implies. They were forced to surrender, just as Americans are being stripped of their sovereignty, piece by piece. Bergsten stated in 1974:

 

“In short, the ‘house of world order’ would have to be built from the bottom up rather than from the top down. It will look like a great confusion, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.”[23]

 

Bergsten rightly acknowledges that, “money is an integral element of national sovereignty.” Therefore, the private ownership of one global currency strips all countries of their national sovereignty in one broad stroke and what better way to shorten the process than to engineer the “disintegration of the world financial system,” as George Soros defined this coup.

 

Just as the syndicate’s World Trade Organization presumes to supersede the regulations of sovereign nations, The North American Union, masterminded by Richard Gardner, promoted by Robert Pastor and engineered by this cabal will install a supranational (NAFTA) parliament of free trade enforcers that supersedes the authority of Congress.[24] David Rockefeller’s statement perfectly expresses the unquestioned presumption of grandiose entitlement described as “supranational sovereignty:” that sovereign nations have no right to self-determination, no right to elected representatives that are accountable to the people; no right to constitutional covenants. National currencies, government regulations, international law, environmental and worker protections are seen as obstacles to greed that must be demolished. In their world view the earth is for selfish plundering and humanity is but a slave labor force to be exploited. Free trade means freedom to steal whatever is desired without restraint, freedom to abuse and exploit human beings everywhere on earth and freedom to unleash financial terrorism without consequences. The United States has been bankrupted and gutted by the “supranational sovereignty” of syndicate predators whose vision of Utopia is feudalistic dictatorship. These are the authors of “regime change,” the pathological assertion that social deviants have the “right” to overthrow governments.

 

Founded in 1973 by David Rockefeller and Zbigniew Brzezinski, the Trilateral Commission’s stated goal is to foster a “New International Economic Order” that would supplant the historical economic order. Fred Bergsten was a founding member. Paul Volcker is the North American Chairman. Co-conspirators Alan Greenspan, Ben Bernanke, Timothy Geithner, Robert Rubin, Larry Summers, and Henry Paulson, in collaboration with Goldman Sachs, JP Morgan, Rockefeller’s Citigroup, Bear Stearns, AIG et al, have done a thorough job of demolishing the old economic order and systematically destroying the dollar.

 

Normal minds do not fantasize about ruling the world and conceive covert schemes to force humanity to “march” toward world dictatorship. Such fantasies indicate clinical symptoms of psychopathology.[25] Ethical minds would not agree with David Rockefeller that forty years of media complicity with treason is praiseworthy. His confession should alert the public to the urgent need for dismantling syndicate media ownership and restoring the integrity of the Fourth Estate. The greatest danger of any centrally-controlled social system is the ease with which it can be hijacked by social deviants. That alone, is good reason to decentralize the global financial system, restore national sovereignty and diversify national currencies.

 

Disintegration would be a Blessing

 

Imagine for a moment that worldwide governments had retained their exclusive authority to create money and issue credit and had strictly regulated the transparent movement of capital within their own borders. Had they remained autonomous, systemic global collapse would not have been possible. Predatory loans in the US could not have collapsed Iceland’s economy or infected foreign banks with toxic Wall Street derivatives. Small, autonomous units counteract systemic risk by isolating disease and preventing it from metastasizing to the whole system. Monolithic conglomerates are lethal by nature. The greater their scope, the greater the systemic risk of contagious catastrophic collapse ~ a fact we are now witnessing.

 

The global agribusiness cartel is bankrupting farmers (driving them to suicide) and poisoning every continent with GMOs that are contaminating the earth’s natural seeds. [26] The distribution of food is controlled by the same handful of transnational syndicate corporations. The global central bank cartel is strangling every country with debt. The global gambling casino has destroyed productive economies worldwide. Genuine disintegration of the world financial system would be an opportunity to dis – integrate the global tentacles of every syndicate conglomerate that is destroying human freedom and the earth’s life systems.

 

Localization of essential systems protects the overall web of life as nature wisely demonstrates by creating mini ecosystems and storing the blueprint for survival in every seed. Localizing public control of money and credit would protect self-sustaining economies from the contagion of systemic collapse caused by global conglomerates. Autonomous, publicly-owned, interest-free monetary systems that support small community banks, small farms and local producers of goods and services would rehabilitate self-sustaining communities and flush the systemic usury parasite from the global financial system.

 

Removing the incentives and rewards for antisocial behavior would effectively quarantine the global casino: Tax every gambling transaction; Indict regulators who betray the public trust; Replace the Glass-Steagall firewall between commercial banks (public savings) and reckless investment banks; Outlaw speculation that threatens public welfare; Criminalize currency speculation; Restrict commodities futures trades to physical purchases of goods; Ban derivative gambling and over-the-counter transactions that are not transparent; Outlaw short selling that collapses healthy businesses; Ban leveraging without sufficient collateral; Invigorate anti-trust laws that separate investment sectors in finance, insurance and real estate; Prevent criminal conglomerates from becoming too big to jail. Close Wall Street casinos and let the gamblers migrate to Las Vegas where cheaters are effectively dealt with by the House.

 

Isolating offshore casinos and strictly regulating “finance capital” will prevent predators from devastating the productive economy in the future but immediate remedies are needed to repair our lives and rehabilitate our economy. Let those who gambled and lost assume responsibility for their actions. There is no benefit to anyone but the racketeers in purchasing declining stock (without voting rights) and assuming the liabilities of corrupt institutions. Bankrupt investment and commercial banks should be taken over by regulators at the FDIC and nationalized. The tsunami of foreclosures and layoffs that have paralyzed every town and business in the nation requires direct capital injection into the productive economy and the households across America. Nationalized banks could directly issue government credit (bypassing the central bank parasite) to legitimate businesses and borrowers at a reasonable fixed interest rate. Nationalizing the banks that are insolvent and directly providing borrowers with government credit would stimulate the economy and begin the process of conversion to a new monetary system.

 

How will productive workers be compensated who have lost their life savings and retirement pensions slowly accumulated over a lifetime of contributing? They have been permanently robbed by gamblers who contribute nothing of value to society. A new monetary system could compensate these productive workers without incurring any debt to taxpayers by creating pensions with interest-free constitutional money, just like the Colonial Scrip that brought prosperity to the American colonies. In fact, everyone in society can receive a tax-free dividend! Richard C. Cook has conceived a compassionate monetary system that would provide a Basic Income Guarantee for all citizens.[27]

 

The Natural World Order: A New Monetary System

 

Money is not a commodity. It is a symbol of value. Any two people can transfer whatever they like as a medium of exchange. We agree as a group to use one medium of exchange to simplify transactions. The purpose of inventing a medium of exchange is to sustain the flow of goods and services circulating in an economy. If we agreed to use gold or feathers as tokens, the medium of exchange would be finite and too scarce to meet everyone’s needs ~ and finite physical commodities have historically been monopolized by individuals who constrict the flow of goods and services that are needed by everyone in society. Paper is plentiful. In theory, we agree to the fiction that paper money and computer credits have value in order to produce and exchange the commodities we need. But they have no intrinsic value.

 

The pieces of paper and computer entries that are fabricated by private corporations, what we call money, can and should be created and regulated by a legitimate government agency. It is irrational to transfer this vital social function to private corporations that thrive on usury and devastate economies by expanding and contracting their fabricated credit. Usury is a parasitic social disease that eventually kills the host.

 

Money and credit can and should be used to keep the economy flowing, facilitating the exchange of real goods and productive services that meet the needs of society ~ without fabricating debilitating and fictitious debt. This, in fact, was the intention of Article 1, Section 8 of the United States Constitution that authorized Congress to coin money and regulate its value. A government does not need to borrow its money from a private corporation. It has the power to create its own money. We are that government and that power belongs to us.

 

Legitimate government has the authority to create money and issue credit without ever charging interest or creating debt. It can directly spend interest-free money into circulation and extinguish excess currency to prevent inflation. Moderate interest rates on government loans could be used to finance the operations of city, state and federal government in lieu of taxes. Publicly-owned community banks could charge a moderate interest rate that is returned to depositors as dividends, or it could be used to generate revenue for implementing worthwhile social projects. Monetary science comes equipped with mathematical formulas to achieve permanent monetary equilibrium through a set of principles that balance the money supply and maintain currency stability, eliminating recessions, depressions, inflation and deflation forever. Debt-free monetary systems that function as a public service are described by Stephen Zarlenga in “The Science of Money.” The mechanics of maintaining monetary equilibrium have been understood for centuries.

 

All that is required is social consensus.

 

Geraldine Perry has suggested that if banks are to remain privately owned they must be required to operate as independent businesses with 100% reserves and use their own (legitimate) capital for loans, not fictitious accounting entries and not other people’s money. A public Monetary Authority would issue the national money supply. Attorney Ellen Brown’s brilliant book, “The Web of Debt,” proposes sound mechanics for a new monetary system, using interest-free constitutional money and credit issued by the government. Richard C. Cook explores creative possibilities that truly liberate the mind and demonstrate the possibilities of a compassionate monetary system. These three visionaries all endorse the Monetary Reform Act conceived by Stephen Zarlenga and supported by Congressman Dennis Kucinich. This legislation would nationalize the Federal Reserve, abolish fractional reserve banking and authorize the government to issue its own credit and currency modeled on Abraham Lincoln’s “greenbacks.”

 

The solution has already been identified. All that remains is public demand for this reform. Let’s mobilize!

 

Existing debt to the syndicate disappears in an instant when it is recognized that fictitious accounting entries do not constitute lawful “consideration.” Nothing of value has been borrowed. What a bank “lends” is the borrower’s promise to invent money for the bank, an absurd fraud.

 

Completely abolishing the privatization of every monetary system would end world poverty and liberate human energy to create worldwide abundance in which every human community could produce and exchange the goods and services it needs without ever being enslaved by fictitious debt ~ restoring the natural world order. Encouraging universal self-sufficiency through fair trade would provide diversity through exchange of products between nations and enhance the well-being of all cultures.

 

What is most essential to liberating humankind from centuries of covert suppression is financial sovereignty. Political freedom without economic freedom is meaningless. The implosion of a corrupt financial system provides our generation with a precious (and brief) opportunity to secure the blessings of liberty envisioned by our ancestors and to finish the American Revolution.

 

This article is not copyrighted. Please use this research to

light the torch of freedom and liberate humanity.