By Michael Rivero
Once upon a time, in 1913, a corrupt Congress
and a corrupt President transferred the money creation authority vested
in the government by the Constitution to a private central bank. It was
going to be called the Third Bank of the United States. Such a
fundamental change to the nation's economy should have required a
Constitutional Amendment. But earlier that same year, there had been a
huge fight to ratify another Amendment, the 16th Amendment authorizing
the income tax, and there is good reason to suspect that the 16th
Amendment actually failed ratification even though the payers of that
income tax were told otherwise.
"I
think if you were to go back and and try to find and review the
ratification of the 16th amendment, which was the internal revenue, the
income tax, I think if you went back and examined that carefully, you
would find that a
sufficient number of states never ratified that amendment." - U.S.
District Court Judge James C. Fox, Sullivan Vs. United States, 2003.
Getting yet another Amendment ratified against such opposition, or
worse, having to cheat one through, would be extremely difficult.
Then there was a problem with the proposed name, "Third Bank of
the United States", as it reminded people of the predations of the First
and Second Bank of the United States.
"Gentlemen! I too have been a close observer of
the doings of the Bank of the United States. I have had men watching you
for a long time, and am convinced that you have used the funds of the
bank to speculate in the breadstuffs of the country. When you won, you
divided the profits amongst you, and when you lost, you charged it to
the bank. You tell me that if I take the deposits from the bank and
annul its charter I shall ruin ten thousand families. That may be true,
gentlemen, but that is your sin! Should I let you go on, you will ruin
fifty thousand families, and that would be my sin! You are a den of
vipers and thieves. I have determined to rout you out, and by the
Eternal, (bringing his fist down on the table) I will rout you out!" --
Andrew Jackson, shortly before ending the charter of the Second Bank of
the United States. From the original minutes of the Philadelphia
committee of citizens sent to meet with President Jackson (February
1834), according to Andrew Jackson and the Bank of the United States
(1928) by Stan V. Henkels
Shortly after President Jackson (the only American President to
actually pay off the National Debt) ended the Second Bank of the United
States, there was an attempted assassination.
But I digress.
Faced with the possibility that a new Amendment to transfer money
creation from the US Government to a privately owned bank might fail
and fail badly, and with the
name "Third Bank of the United States" already leading to opposition to
the plan, the plotters did an end run around the Constitution, passing
the Federal Reserve
act over Christmas vacation when the members of Congress opposed to the
bill would be away. The name of the new bank was then changed to "The
Federal Reserve." But,
it is a private bank, no more "Federal" than Federal Express. From that
moment on all currency would enter circulation as a loan at interest.
"I
am a most unhappy man. I have unwittingly ruined my country. A great
industrial nation is now controlled by its system of credit.We are no
longer a government by free opinion, no longer a government by
conviction and the vote of the majority, but a government by the opinion
and duress of a small group of dominant men." -- Woodrow Wilson 1919
Ironically enough, this was the very system of banking the American Revolution was fought to free us from.
"The refusal of King George 3rd to allow the
colonies to operate an honest money system, which freed the ordinary man
from the clutches of the money manipulators, was probably the prime
cause of the revolution." -- Benjamin Franklin, Founding Father
Starting in 1913, public schools stopped teaching about King George's
Currency Act, which ordered the American colonies to conduct business
only using bank notes borrowed at interest from the Bank of England, and
since then American students are taught that the revolution was about
Tea Parties and Stamp Acts, lest the more clever students wonder how we
ended up back in the same banking system that led to the first
revolution.
The Founding Fathers understood how dangerous such banking
systems are, and I will try to teach you here what the public schools
are forbidden to let you know. The Federal Reserve system is a
deliberate trap, to enslave a population to unpayable debt in order to
control and exploit them, and here is how it works.
Before any commerce can happen, currency must go into
circulation. Someone has to borrow it from that private central bank.
The borrower can be government, a business, another bank, or ordinary
citizens using credit cards, car loans, or mortgages. For the purposes
of clarity, we will use a single dollar to represent that initial
borrowing from the central bank. For the purpose of this illustration,
"borrower" refers collectively to the entire American nation.
That dollar now enters circulation, passing from the original
borrower to others, as payment for labor, in exchange for raw materials,
as taxes, and so forth. Round and round it goes, passing from hand to
hand, yet it is still a note borrowed from the Central Bank and it is
still accruing interest. That Central Bank note, or (in the United
States) Federal Reserve Note, is not a unit of value, it is a unit of
debt.
At some point, that dollar is repaid to the Central Bank. The
Central Bank then demands the interest. In our case, a nickle. But there
is a problem. That nickle doesn't exist and it never did. It is
imaginary.
So now the borrower has to borrow another dollar, out of which he takes a nickle to pay for the interest on the first dollar.
The rest of that second borrowed dollar now goes into
circulation, but this time, only 95 cents is in circulation to pass from
borrower to vendor to employee to grocery store to government, then
back to the Central Bank.
The borrower goes back to the Central Bank to repay that second
dollar, but only has 95 cents, plus he owes that imaginary five cents
interest as well, or ten cents.
Once more the borrower has to borrow a new dollar from the
Central Bank, only this time he has to take a dime out of that new
dollar to hand bank to the banker. The borrower walks out of the bank
with only 90 cents to put into circulation, while still owing a whole
dollar plus five cents interest.
The cycle keeps repeating over and over with each new loan having
to return more and more back to the Central bank as accumulated
interest.
With each cycle the Central Banks gets richer while there is less
and less currency available for commerce. People have to tighten their
belts. Works are let go. Sales slow down. "Austerity" is imposed.
Eventually, a point is reached where as much accumulated interest
is owed as the money being borrowed. So the borrower now has to borrow
twice as much from the Central Bank merely to have the same actual
currency in circulation as when they started. The Central Bank system
only operates as long as the borrower is willing to go deeper and deeper
into debt, and debt slavery. This is what makes the Central Bank scheme
a pyramid system. It works only so long as ever-larger new generations
of borrowers can be found to allow new currency to enter circulation,
out of which the interest on the older loans is paid. And of course, by
design, the debt can never ever be paid off. Once that first paper note
is loaned into circulation, total debt will always exceed total
currency. The system is designed that way, to keep you in debt, to keep
you a slave to the bankers.
This is the reason that every nation on Earth with such a Central
Bank is now drowning in debt. The Federal Reserve, the World Bank, the
International Monetary Fund, the European Central Bank, are all built on
this same system. This is why nations that refuse such banking systems
are made war on.
"Either the application for renewal of the
charter is granted, or the United States will find itself involved in a
most disastrous war." -- Nathan Mayor Rothschild, angered at the refusal
of Congress to renew the charter for the First Bank of the United
States in 1811. Congress stood firm and Britain, goaded to "recolonize"
America by the Bank of England, headed at the time by Lionel de
Rothschild, launched the war of 1812."If this mischievous financial
policy, which has its origin in North America, shall become endurated
down to a fixture, then that Government will furnish its own money
without cost. It will pay off debts and be without debt. It will have
all the money necessary to carry on its commerce. It will become
prosperous without precedent in the history of the world. The brains,
and wealth of all countries will go to North America. That country must
be destroyed or it will destroy every monarchy on the globe." -- The
London Times responding to Lincoln's decision to issue government
Greenbacks to finance the Civil War, rather that agree to private
banker's loans at 30% interest. Following Lincoln's assassination, the
Greenbacks were taken out of circulation.
On June 4, 1963, President John F. Kennedy signed Executive Order
11110, which authorized the US Treasury to issue "United States Notes,
backed by silver, so that the American people would not have to borrow
federal Reserve Notes at interest. Five months later Kennedy was
assassinated in Dallas Texas, the US Notes were taken out of
circulation, and John J. McCloy, President of the Chase Manhattan Bank,
and President of the World Bank, was named to the Warren Commission,
presumably to make certain the financial dimensions behind the
assassination were never made public.
And what did it cost the Central Banks to wield such power over
nations? Paper and ink, or today a few keystrokes on a keyboard. In
fact the practices of the Central Bank would be felonies under the
United States Coinage Act of 1792, which declared debasement of the gold and silver-backed currency of the United States a death penalty offence.
The Central Bank knows that those pieces of paper with ink are
worthless. But while the Central Bank can just create those paper notes
out of thin air (legalized counterfeiting), you may not. In order to pay
that ever-growing debt you have to do what you are told to do by those
who have some of those pieces of paper to hand out
tell you to
do. Work long hours. Invade a foreign nation that refuses to have a
Private Central Bank. Torture innocent people to death to find weapons
of mass destruction that do not exist to justify a war. Compromise your
morals and integrity. Perform sexual favors. Whatever the purveyors of
those pieces of paper want, you must do. That paper note is your slave
chain.
Even worse, as the imaginary debt piles higher and there is less
and less currency in circulation, people start to become desperate to
obtain those pieces of paper with colored ink on them to
pay off that debt they have been tricked into believing they owe to the
private central bankers. Over time, more and more moral accomodations
become accepted by society
in exchange for the acquisition of those pieces of paper with ink on
them. Manufacturers start cutting corners, producing shoddy products
that break and wear out. Food companies start
using more cheap fillers. Pharmaceutical companies produce medicines of
dubious efficacy and definite harm. Society turns brutal and predates on
itself. Manufacturers come to want bad products that break easilyso
people will
buy more. The medical establishment comes to desire a sickly population
because they cannot make money off of a healthy people. Food companies
add addictive chemicals to food to make people
buy and eat more. Wall Street comes to see fraud as a legitimate
business tactic. Eventually immorality and unethical business behavior
becomes the accepted social norm. Under the mounting illusion of debt
society drifts into outright criminality perpetrated by everyone against
everyone. From there it is a short step to seeing war and conquest of
other nations' weath as the only remaining
solution to the debt problem. In short, the predations of private
central banking lure society into trading what is best in human nature
in exchange for those paper and ink tickets
until civilization itself is at risk.
Private Central Banking is not about banking, or even about
money. It is about Control. Private Central Banking is about rule by
enforced servitude to artificially created debt. No different from other
hoaxes played by the rich on the poor, such as Rule by Divine Right, or
Rule by Chattel Ownership of your Body (slavery). As a human
civilization we have outgrown these hoaxes and realize they are
illegitimate forms of governance. So too shall it be with Rule by Debt.
Those previous systems only worked as long as the subjugated population
believed that those systems were real; the way the world was supposed to
be. When the people broke free of the slavery of belief, those forms of
enslavement collapsed.
For the few to feel rich, everyone else must be poor. As the
availability of currency declines, it does not matter how hard people
are willing to work; there must inevitably be homeless,
joblessness, hunger, and wars of conquest to "balance the books."
Modern banking is not a science. It is a religion, simply a set
of arbitrary rules and assumptions that favor the masters of that belief
system, which we are brainwashed in school to think is something
tangible and real.
It is time to stop, while we still can.
We have outgrown Rule by Divine Right and recognize slavery as inherently wrong.
Now is the time for the next step in our societies evolution in
which the money must serve the people, rather than the people serve the
money.
Central Banks are a failed experiment. Look at the devastation of Europe, or your own home town and you will see it.
The common enemy of all humankind are Private Central Banks issuing the public currency as a loan at interest.
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