Alas, the above is only too true today as it was when formulated. The
rich rules over the poor -- an ages long fact. The borrower is servant to
the lender -- and what is the method used by the lender: the insidious
system of usury. The whole case against usury is too large to cover in the
space of an article so the following is a concise and brief explanation of
the workings of this fraudulent system.
For the many readers who are aware of these little-known facts, the
following will serve as a timely reminder and hopefully, an incitement, to
inform the many innocents who are daily losing their farms, houses and
businesses as a result of this unjust system. Even more urgent is the need
to educate the young before they embark on a future relationship with their
bank or financial institution. There is no turning back once those loan
papers have been signed: you are trapped right up till the day you pay it
off.
For the readers who have never been fortunate to know the following, they
may well be shocked and even angry. They will be angry at the banks, the
Establishment that permits such a swindle, and in fact, thrives off such a
swindle.
"For the love of money is the root of all evil" -- II Timothy 6:10
"The most sinister and anti-social feature about bank-deposit money is
that it has no existence. The banks owe the public for a total amount of
money which does not exist. In buying and selling, implemented by check
transactions, there is a mere change in the party to the whom the money is
owed by the banks. As the one depositor's account is debited, the other is
credited and the banks can go on owing for it all the time.
"The whole profit of the issuance of money has provided the capital of
the great banking business as it exists today. Starting with nothing
whatever of their own, they have got the whole world into their debt
irredeemably, by a trick.
"This money comes into existence every time the banks 'lend' and
disappears every time the debt is repaid to them. So that if industry tries
to repay, the money of the nation disappears. This is what makes prosperity
so 'dangerous' as it destroys money just when it is most needed and
precipitates a slump.
"There is nothing left now for us but to get ever deeper and deeper
into debt to the banking system in order to provide the increasing amounts
of money the nation requires for its expansion and growth. An honest money
system is the only alternative." -- Frederick Soddy, M.A., F.R.S., Nobel
Prize Winner, 1921.
As the above makes clear, banks are able to manipulate "money"
using various methods like the debiting of one account and the crediting of
another, and so on, thus "balancing" the accounts. Banks also
"create" money in more ways than one, through a trick that will be
looked at later on.
Economists use the term "create" when observing the process by
which money comes into being. Thus, creation means making something that did
not exist before.
A sawmill makes boards, workers build houses from timber, a glass-blower
makes fancy glass ornaments. In these examples, they did not "create", but
converted already existing materials into a more usable, and thus more
valuable form.
However, money "creation" is somewhat different. Here, and here
alone, man "creates" something out of nothing. Pieces of worthless
paper are printed, given various denominational values, which can be used to
purchase, for example, a glass ornament. Its value (of the money, or piece
of paper) has been "created" literally out of thin air.
As we can see from the above, manufacturing money is dirt cheap, and
whoever does the "creating" and issuing stands to make impressive profits.
"Let me issue and control a nation's money and I care not who writes
its laws" -- Attributed to Mayer Amschel (who later changed his surname
to Rothschild and founded the largest financial dynasty ever to exist in its
influence and power).
The proper use, distribution and supply of money is of vital importance
to the efficient running of society. Modern societies are completely reliant
on an adequate supply of money.
Without money, industry would grind to a halt, farms would become mere
self-sustaining units, surplus food would disappear, jobs requiring one or
more workers would remain unfinished, transport of all goods would cease,
hungry populations would kill and steal to stay alive, and government would
collapse leading to complete anarchy. It is not hard to imagine the
catastrophic conditions created if money was to completely vanish.
Money remains the life-blood of society; money flows throughout society
just as vital nutrients flow throughout the body, giving sustained growth,
development and vitality.
Money is the method by which goods and services are exchanged; remove
money or hamper supply and the results will be disastrous. We need only
recall Australia's Great Depression of the 1930's.
Australians all know about the Great Depression and the extremely hard
times it brought about; but what of its causes?
In 1930, Australia did not lack industrial capacity, fertile farmland, or
skilled, industrious and willing workers, residing in both the city and
country. Already, extensive systems of reasonably efficient transport and
communications were in place. War had not ravaged the cities or countryside,
nor had famine devastated the land and its population. The one thing that
industry and commerce lacked was a sufficient supply of money.
In the early 1930s, Bankers, who were the only source of new money or
credit, deliberately refused loans to industry, commerce and agriculture.
However, payment on outstanding loans was demanded, which led to a rapid
decrease in the circulation of real money.
This caused a complete standstill; jobs could not be done, goods and
services could not be purchased. This ploy by the greedy Bankers placed
Australia in the Great Depression of the 1930s, and moreover, placed
extensive amounts of businesses, private dwellings and farms in the hands of
these same Bankers.
The people, not understanding the system, were in a helpless position,
and were cruelly robbed of their hard-earned savings and property; they were
told things like "times are hard", "money is short", "everyone is
suffering." These same statements come to mind when recalling them being
made during Australia's recent so-called "recession".
This was "a 'recession' we had to have," the politicians
proclaimed; and one I'm sure the banks loved to have. If you should have the
opportunity, a check on how the banks faired during the so-called
"recession" will reveal sustained and increased profits, with an
abnormal increase in acquired property assets!
"The Rothschilds can start or prevent wars. Their word could make or
break empires" -- Chicago Evening American, December 3, 1923.
World War II ended the Great Depression. Overnight, the same Bankers who
had no money for housing, food and clothing, suddenly had millions to lend
for Army barracks, uniforms, rations and weaponry.
This was a remarkable reversal in policy by the Bankers. They simply
began pumping millions upon millions of dollars back into the economy when
war was imminent. The Great Depression ended because of the war!
There will be some who believe that a war will lead to a "boom
economy" because it leads to a massive increase in activity and
production. This fallacy is easily exposed: If we were able to manufacture
millions of tonnes of war equipment, dump it in the desert and blow it up,
would we therefore have a "boom economy"?
On the contrary, wars create huge debts to the Bankers who are able to
expand the money supply and lend more money out. In the case of a war, the
victor nation would have to seize the assets of the defeated nation, occupy
its place in the international trade system, and thus, sometime in the
future, be able to pay back all its debts (including interest) to the
Bankers who made the war possible in the first place. Big banks, that have
traditionally been owned exclusively by a few collaborating families, can
change the course of history and have done so for much of this century.
"Who goeth a borrowing goeth a sorrowing" — Benjamin
Franklin.
The main method through which new money (not true, real money, but
"credit" representing a debt) can go into circulation in Australia is
when it is borrowed from Bankers. When large amounts of money are borrowed
and utilised within society, an illusion of prosperity appears. Thus, when
"credit" is loaned out to borrowers, more wealth circulates within
society giving the outward appearance of abundance. Of course when it comes
to paying that money back, there is the question of usury or interest. As
"credit" is borrowed out, interest accumulates at ever-increasing rates
as we will soon see.
The transaction of borrowing money proceeds as thus:
The applicant applies to borrow X amount of dollars from a Banker. The
Banker, by the stroke of his pen, issues the applicant the principal (the
amount borrowed), i.e. "creates" the borrowed amount. This amount does not
come from individual bank accounts. The Banker lends the applicant nothing
tangible (i.e. gold, silver, paper or ink) on credit, they lend the
applicant intangible CREDIT on credit!
Thus, the problem of limited supply is circumvented; the Bankers are
lending noTHING which means they can go on lending forever. A highly
profitable venture indeed.
To conceal the fraud of lending nothing, Bankers charge interest, whereby
borrowers (of nothing) agree to return more imaginary "credit" than
they borrowed.
The borrower whose original loan consisted of principal only, must also
pay an extra amount that the Banker specifies (interest). Therefore, the new
money never equals the new debt added. The amounts needed to pay the
interest on the original loan is not "created", and therefore does
not exist!
Under this insidious system, the new debt will always be larger than the
new money; as more money is needed to pay back interest, less money becomes
available. This whole system is particularly unjust when one realises that
he/she is repaying intangible principle ("created" by the bank) as
well as interest (which is conceived from the "created" principal!)
The above can be illustrated by the following:
The applicant borrows $60,000 to purchase a home, farm or business, and
the Bank has the borrower agree to pay back the loan PLUS interest. At just
14%, the borrower must repay $710.92 per month for 30 years. The Bank
obtains its "mortgage" over the property and the borrower receives a
$60,000 check from the Bank which is credited to his/her bank account. The
borrower then writes checks to the builder, contractors, other institutions
etc. These persons in turn write checks. Some $60,000 of new check-book
money has been added to the money supply.
However, the flaw with this usury system is this: the only new money
created and injected into circulation is the principal of $60,000. The money
required to pay the interest was NOT created and was not put into
circulation.
In the above case, the borrower must earn and take out of circulation
$255,931, almost $200,000 more than he put into circulation when he borrowed
the original $60,000. Every new loan, big or small, puts this same process
into operation. The borrower adds a small amount of money to the total
supply of money and deducts more than quadruple the original sum (as in
above example) to meet his "obligations".
Another example given below illustrates the year by year progression of a
loan for $100,000 at 20% interest for 15 years. Take note that the borrower
has repaid the principle after five years of payments! The borrower
continues to pay the bank a total of $216,134 over the next ten years.
(Table)
The inevitable outcome of this system is the diminishment of money in
circulation to the point where a depression will be imminent. Money
increasingly disappears into the Banker's coffers leaving less and less in
circulation. Debtors struggle against each other, vying for new loans which
will mean more "created" money and more interest. The banker accrues
vast sums of real money and credit that he will gamble on the Stock Market,
etc. The Banker will also accumulate all types of property assets, snatched
from bankrupt farmers, businessmen, etc.
The Banker who produces nothing of value, slowly, then more rapidly,
gains a death grip over the land, buildings and labour of future
generations. The borrowers have become the servants of the lenders and have
placed themselves on the economic treadmill of debt.
Though millions of financial transactions are carried out every year,
very little money actually changes hands. 95% of all "cash"
transactions are done by check. The Banker is perfectly safe in
"creating" the so-called "loan" by writing the check or deposit
slip, not against real money, but against your promise to pay it back! The
cost to the banker is stationary and wages.
"Banking was conceived in iniquity and was born in sin. The Bankers
own the earth. Take it away from them, but leave them the power to create
deposits, and with the flick of the pen they will create enough deposits to
buy it all back again. However, take it away from them, and all the great
fortunes like mine disappear, and they ought to disappear, for this would be
a happier and better world to live in. But, if you wish to remain the slaves
of Bankers and pay the cost of your own slavery, let them continue to create
deposits" -- Sir Josiah Stamp (President of the Bank of England in the
1920s, the second richest man in Britain).
Hidden under a veneer of respectability, integrity and competitiveness,
the Banker awaits his next unsuspecting victim. The Banker is partaking in
the biggest swindle of all time, and he knows it. The Banker's wealth, power
and influence extends the world.
We are ruled by a capitalist Bank-owned Mammon that has usurped the
mantle of government, and set about to pauperise and control the people. It
is now a centralised power-hungry apparatus which promotes war, steals the
people's wealth and uses every type of propaganda to keep its position.
The Banker realises that an under-educated, ignorant and confused
population is easier to subvert than a healthy and intelligent people. The
ruling Establishment therefore promotes all manner of degeneracy, decadence
and corruption including drug use, sexual perversion and trivialities.
Through the use of high technologies, the Banker and his other
plutocratic cohorts will have a most efficient and complete control over a
nations finance and thus increased powers to amass even more wealth through
their evil use of usury.
The future will give way to an even larger increase in financial
transfers done not only by check but by computer transfers that the
consumer/borrower will execute from ATMs (Automatic Teller Machines) and
home computers. When 100% of all transactions are processed in this manner,
the cashless society will have been reached -- a Banker's paradise. The
cashless society will be the ultimate instrument in social control; no more
tax evasion, no more "extra money on the side", no existence outside
the system.
So what can we do about this incredible rip-off? We can warn as many
people as possible about this deceitful system and we can tell them not to
participate AT ALL. The evil that lurks behind usury must not under any
circumstance be supported or encouraged. When enough people realise this
iniquity they will develop alternative methods of raising funds. They will
come together in new community structures; independent from the old,
decrepit worn-out Establishment.
For the love of money is the root of all evil; and the evil that exists
at the base of materialistic societies will one day be rooted out and
forever destroyed.
"Those who swallow down usury cannot arise except as one whom Satan
has prostrated by his touch does rise. That is because they say, trading is
only like usury; and Allah has allowed trading and forbidden usury. To
whomsoever then the admonition has come from his Lord, then he desists, he
shall have what is already passed, and his affairs is in the hands of Allah;
and whoever returns to it -- these are the inmates of the fire; they shall
abide in it. . ." -- From the Qur'an, Surah Al-Baqarah.
The following are extracts from Rev. Charles E. Coughlin's famous book
Money! Questions and Answers. The title is
self-explanatory as to the easy-to-read format of this wonderful book. The
book is available from N.D.I.N.S, GPO Box 3126FF, Melbourne, 3001 for A$16
plus A$2 postage and handling.
When an individual borrows money from a bank, does the banker lend him
money that other private individuals have brought to the bank?
No. That is what the bankers would like to have you believe, but it is
not true.
How do banks create money out of nothing by mere
book-keeping entries?
By the following manufacturing process:
- John Jones, a business man, needs $10,000. He goes to the bank and
explains the nature of the business he proposes to conduct. He takes to
the bank certified figures indicating the value of his business,
factory, farm, home, etc. If the banker is satisfied with the amount of
real wealth to be pledged, he gives John Jones a note to sign. This note
is a mortgage upon the wealth John Jones owns, and gives the banker
legal power to confiscate the wealth, if John Jones does not pay at a
specified time the number of dollars he is borrowing. The banker then
manufactures the money on his ledgers.
How does he do this?
- When the banker accepts John Jones' note, on the asset side of the
ledger he writes: Assets Liabilities Loans and Discounts....... $10,000.
On the liability side he writes: Deposits....... 10,000. At that
instant, there is $10,000 more money in existence and available for use
than before the banker made these entries.
What does John Jones do with this bookkeeping money?
- He goes back to his factory with a bank book, not with actual
currency, showing a deposit to his account of $10,000.
What is the exact nature of the item on bank balance sheets called
"Deposits"?
- The "Deposits" are actually and legally nothing but liabilities of
the bank. They are the money the bank owes, not what it has. A bank
deposit is actually a bank's promise, nothing more.
What can John Jones do with this newly created deposit?
- He can and does write checks against this deposit to pay labourers,
buy raw materials, and pay general overhead, incident to carrying on the
manufacture and distribution of wealth.
How is this possible?
- Other banks are doing the same thing at the same time. A bank
against which checks are drawn receives the proceeds of similarly
manufactured deposits in other banks. Each bank receives checks drawn on
other banks which offset those drawn against it. They all have to work
together. If there were only one bank the fraud would be soon
discovered.
Is this process honest where John Jones pledges real wealth to secure the
banker's fictitious bookkeeping money?
- No, because it enables the banker to lend purchasing power (money)
which costs him nothing but the general overhead of running a bank, and
forces John Jones... to pay interest for the existence of bankers'
bookkeeping money, with which 95% of... business is transacted.
When the banker manufactured $10,000 and loaned it to John Jones, who
began to write checks, exchanging that bookkeeping money for wealth and
services, what happened to the price levels?
- They were increased, because there was $10,000 more money in
existence than there was prior to John Jones' loan. This new money came
into existence, however, without a corresponding increase in the volume
of goods and services, thus decreasing the unit value of money already
outstanding. The value of outstanding money went down, which meant that
the price level went up, i.e., the same amount of goods would then
command more money. This principle is well recognised by all economists.
- For example, if there are only $10,000 in existence in the egg
market and only 10,000 eggs to be had we will say that each egg is worth
$1.00. Now supposing that there are $20,000 in existence in the egg
market and still only 10,000 eggs to be had. Each egg becomes worth
$2.00. It is the old law of supply and demand. The double amount of
money represents the demand. But the same quantity of eggs represents
the supply. The egg merchants desirous of getting as much as they
possibly can per egg will exhaust the supply of egg money.
When John Jones, the business man, is forced to pay his loan at the bank,
what happens to the volume of money in the nation?
- It is reduced by the number of dollars that John Jones pays.
What happens when a large number of business men are forced to pay their
loans?
- A large volume of the necessary medium of exchange is extinguished,
i.e., cancelled out of existence.
What is a genuine loan?
- In making a genuine loan the lender advances real money which
represents a transfer of real purchasing power. Thus, if "A" earns $1000
working at the production and distribution of wealth, he may exchange
that $1000 for wealth, or he may abstain from using or possessing wealth
and lend his $1000 to another. If he lends his $1000 so acquired, he is
a party to the making of a genuine loan.
Why are bankers as a rule opposed to the existence of
genuine money and prefer the existence of so-called credit money?
- If bankers are compelled to lend genuine money they are merely
acting as agents for some real depositors and thereby are profiting only
insofar as they are handling genuine money to the extent of the total
amount of genuine money deposited with them. If bankers are privileged
to lend credit money it means that they are not lending, as a rule,
depositor's genuine money but are lending ten or fifteen or twenty times
the amount of genuine deposits. They create credit money or fictitious
money by a flourish of the fountain pen. Thus instead of lending only
actually, for example, a million dollars of total deposits at 3% with
the return of $30,000 profit the bankers are lending under the credit
money racket, for example $20 million, $19 million of which is fiction.
In this latter case their profit would be approximately $600,000.
- Therefore, bankers are opposed to honest money and to honest lending
because of the difference of profits which in the case above would
amount to approximately $570,000.
But why should citizens be opposed to bankers making this
extra profit?
- Because this extra $570,000 must be taken out of the sweat of the
labourer. It is a social injustice which permits privileged classes to
reap where they did not sow.
Do fundamental, Christian, moral, ethical and philosophical principles
harmonise with private ownership of property
employed in or available for use in producing wealth?
- Yes. Private ownership of honestly acquired property, employed in
production is in full harmony with Christian principles.
Is capitalism, as we find it in operation today, in perfect
harmony with Christian, moral, ethical and
philosophical principles?
- Emphatically, no. Masquerading under the title of capitalism, modern
capitalism is notorious for the following errors which are contrary to
human nature and to good government:
- Modern capitalism borrows money at interest for non-productive
and destructive purposes.
- Modern capitalism, while professing in the belief in private
ownership, concentrates the wealth in the hands of a few and
deprives the mass of private individuals from owning the tools of
production.
- Modern capitalism professes to believe in the private coinage
and regulation of money...
Does social justice imply that its followers adhere to the doctrine of
modern capitalism?
No. In the four above mentioned errors of modern capitalism, social
justice is opposed to this economic system.
Did Karl Marx ever attack private money creation privileges and
international bankers?
No, his whole system proposed not the abolition of illicit private money
creation and destruction powers, but its consolidation under a system of
complete economic, political and religious domination of the entire world by
a few internationalists.
Do all people have equal opportunity under our present money system? No,
they do not.
"They say to us that we all have an equal opportunity, and that it is our
fault that we do not become rich. They seek, however, in every way possible,
to prevent us from taking the only opportunity we have to all become
successful for they know that if we did, it would end their exploits." (From
"Why is Your Country at War" by Charles A. Lindbergh, Sr. in a speech urging
the passage of a bill to provide a honest money system.)
Why is it that the modern newspaper (free press)
upholds modern capitalists?
Because the modern newspaper, in many instances, is owned or controlled
by the banker or the banker dominated advertiser who insists that the
editorial matter in a modern newspaper does not militate against the
interests of the modern capitalist.
Is usury opposed to morality?
Yes, and it is also opposed to Christian teaching.
(Article from New Dawn magazine -- a
magazine exposing consensus reality, and publishing suppressed information.
Sample copy for A$5 can be obtained from: GPO Box 3126FF, Melbourne, 3001,
AUSTRALIA). END
America Deserves Punishment From God
America is a hellhole today. I get upset when I
consider that a mother of two children in Kentucky went to prison for 7
years for selling a dozen Oxycontin pills for food money, while 50 Florida
doctors prescribed 9,000,000 Oxycontin pills in the last 6 months of 2008
(and none of them were ever arrested or punished). Search online for “The
Oxycontin Express” video. The lesson is simple... the government can break
the law, but citizen's can't. TSA can stick their hands down your pants and
fondle you, but any citizen would get 10 years in prison for doing the same
thing. It's wrong what the woman did and I'm not defending her, but she
bought the drugs in Florida. They ran a state-sanctioned racket for several
years where anyone from out of state could come to Florida, pay $500 cash,
and leave with bags of prescription drugs. Then they'd sell them back home
for 10 times what they paid. It's sinful and illegal to do, but it's not
surprising when cities like Indianapolis and Brazil, Indiana are
selling KFC ads on fire hydrants to pay the
cities' bills.
If you owe 4 cents to the IRS they show up to
arrest you (like a carwash owner in Sacramento, California who owed 4
pennies); but Congress allows the privately owned “Federal Reserve”
banksters to steal $23.7 trillion from the
American taxpayers (and no one is arrested or punished). Bernanke says that
Wall Street made some mistakes, but he's a liar of liars; it's called crime!
The truth is that the banks deliberately swindled tens-of-millions of
Americans out of their homes and have cost
every American $83,235 just in recent banker bailout money since 2008.
They're all a bunch of criminals.
Where is God many are asking? I tell you my
friend, God is not asleep concerning all this evil. Just as God heard the
cries of Sodom, so does He hear the cries today of the afflicted, suffering
and victimized. Albeit, America has done evil in the sight of the Lord, just
as Israel did evil in Judges 6:1. Thus, God has given America over to our
enemies, the offshore banking cartel, just as He gave the Israelites into
the hands of their enemies. Judges 6:1, “And the children of Israel did
evil in the sight of the LORD: and the LORD delivered them into the hand of
Midian seven years.” Gideon didn't grasp this truth. Judges 6:13,
“And Gideon said unto him, Oh my Lord, if the LORD be with us, why then is
all this befallen us?”
The banksters tried desperately to take over
our nation's money supply since it's beginning (as evidenced by powerful
quotes from Thomas Jefferson), and in 1913 they finally succeeded with the
help of a Benedict Arnold, traitor, criminal and scum liar, U.S. President
Woodrow Wilson. They'll kill anyone who gets in their way, like President
John F. Kennedy.
evidently because he wasn't right with the Lord
either. There are many Americans today who still foolishly think God should
bless America. My friend, God doesn't bless wickedness. If God punished His
own people, the Jews, by giving them into the hands of their enemies, then
do you think that Americans are exempt from the judgment's of God? No, we
are not exempt!
“I
tremble for my country when I reflect that God is just; that His justice
cannot sleep forever.”
—Thomas
Jefferson, U.S. President 1801-1809
Notice
the magazine cover to the right of Bernanke. It should label him as a piece
of trash, not a hero. Bernanke is a BIG ZERO! I made my own magazine cover
to the left. How does one of history's worst
criminals end up being praised as a hero? Such evils can only happen in
a wicked nation where criminals have taken over. 
