The UsuryFree Eye Opener

The UsuryFree Eye Opener is the electronic arm of the UsuryFree Network. It seeks active usuryfree creatives to help advance our mission of creating a usuryfree lifestyle for everyone on this planet. Our motto is 'peace and plenty before 2020.' The UsuryFree Eye Opener publishes not only articles related to the problems associated with our orthodox, usury-based 1/(s-i) system but also to the solutions as offered by active usuryfree creatives - and much more for your re-education.

Sunday, December 20, 2009

The Real Story of the Money-Control Over America

by Pastor Sheldon Emry
1926 - 1985

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." -Thomas Jefferson Americans, living in what is called the richest nation on earth, seem always to be short of money. Wives are working in unprecedented numbers, husbands hope for overtime hours to earn more, or take part-time jobs evenings and weekends, children look for odd jobs for spending money, the family debt climbs higher, and psychologists say one of the biggest causes of family quarrels and breakups is "arguments over money." Much of this trouble can be traced to our present "debt-money" system. Too few Americans realize why our founding fathers wrote into Article I of the U.S. Constitution: Congress shall have the Power to Coin Money and Regulate the Value Thereof.

They did this, as we will show, in prayerful hope it would prevent "love of money" from destroying the Republic they had founded. We shall see how subversion of Article I has brought upon us the horrors of which Jefferson had warned.


Economists use the term "create" when speaking of the process by which money comes into existence. Now, creation means making something that did not exist before. Lumbermen make boards from trees, workers build houses from lumber, and factories manufacture automobiles from metal, glass and other materials. But in all these they did not "create," they only changed existing materials into a more usable and, therefore, more valuable form. This is not so with money. Here, and here alone, man actually "creates" something out of nothing. A piece of paper of little value is printed so that it is worth a piece of lumber. With different figures it can buy the automobile or even the house. Its value has been "created" in the true meaning of the word


As is seen by the above, money is very cheap to make, and whoever does the "creating" of money in a nation can make a tremendous profit! Builders work hard to make a profit of 5% above their cost to build a house.

Auto makers sell their cars for 1% to 2% above the cost of manufacture and it is considered good business. But money "manufacturers" have no limit on their profits, since a few cents will print a $1 bill or a $10,000 bill.

That profit is part of our story, but first let us consider another unique characteristic of the thing - money, the love of which is the "root of all evil."


An adequate supply of money is indispensable to civilized society. We could forego many other things, but without money industry would grind to a halt, farms would become only self-sustaining units, surplus food would disappear, jobs requiring the work of more than one man or one family would remain undone, shipping, and large movements of goods would cease, hungry people would plunder and kill to remain alive, and all government except family or tribe would cease to function.

An overstatement, you say? Not at all. Money is the blood of civilized society, the means of all commercial trade except simple barter. It is the measure and the instrument by which one product is sold and another purchased. Remove money or even reduce the supply below that which is necessary to carry on current levels of trade, and the results are catastrophic. For an example, we need only look at America's Depression of the early 1930's.


In 1930 America did not lack industrial capacity, fertile-farm land, skilled and willing workers or industrious farm families. It had an extensive and highly efficient transportation system in railroads, road networks, and inland and ocean waterways. Communications between regions and localities were the best in the world, utilizing telephone, teletype, radio, and a well-operated government mail system. No war had ravaged the cities or the countryside, no pestilence weakened the population, nor had famine stalked the land. The United States of America in 1930 lacked only one thing: an adequate supply of money to carry on trade and commerce. In the early 1930's, Bankers, the only source of new money and credit, deliberately refused loans to industries, stores and farms.

Payments on existing loans were required however, and money rapidly disappeared from circulation. Goods were available to be purchased, jobs waiting to be done, but the lack of money brought the nation to a standstill. By this simple ploy America was put in a "depression" and the greedy Bankers took possession of hundreds of thousands of farms, homes, and business properties. The people were told, "times are hard," and "money is short." Not understanding the system, they were cruelly robbed of their earnings, their savings, and their property.


World War II ended the "depression." The same Bankers who in the early 30's had no loans for peacetime houses, food and clothing, suddenly had unlimited billions to lend for Army barracks, K-rations and uniforms! A nation that in 1934 couldn't produce food for sale, suddenly could produce bombs to send free to Germany and Japan! (More on this riddle later.)

With the sudden increase in money, people were hired, farms sold their produce, factories went to two shifts, mines re-opened, and "The Great Depression" was over! Some politicians were blamed for it and others took credit for ending it. The truth is the lack of money (caused by the Bankers) brought on the depression, and adequate money ended it. The people were never told that simple truth and in this article we will endeavor to show how these same Bankers who control our money and credit have used their control to plunder America and place us in bondage.


When we can see the disastrous results of an artificially created shortage of money, we can better understand why our Founding Fathers insisted on placing the power to "create" money and the power to control it ONLY in the hands of the Federal Congress. They believed that ALL citizens should share in the profits of its "creation" and therefore the national government must be the ONLY creator of money. They further believed that ALL citizens, of whatever State or Territory, or station in life would benefit by an adequate and stable currency and therefore, the national government must also be, by law, the ONLY controller of the value of money.

Since the Federal Congress was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in the simple, but all-inclusive: "Congress shall have the Power to Coin Money and Regulate the Value Thereof."


Instead of the Constitutional method of creating our money and putting it into circulation, we now have an entirely unconstitutional system. This has resulted in almost disastrous conditions, as we shall see.

Since our money was handled both legally and illegally before 1913, we shall consider only the years following 1913, since from that year on, ALL of our money has been created and issued by an illegal method that will eventually destroy the United States if it is not changed. Prior to 1913, America was a prosperous, powerful, and growing nation, at peace with its neighbors and the envy of the world. But - in December of 1913, Congress, with many members away for the Christmas holidays, passed what has since been known as the FEDERAL RESERVE ACT. (For the full story of how this infamous legislation was forced through our Congress, read The Creature from Jekyll Island, by G. Edward Griffin or Conquest or Consent, by W. B. Vennard). Omitting the burdensome details, it simply authorized the establishment of a Federal Reserve Corporation, with a Board of Directors (The Federal Reserve Board) to run it, and the United States was divided into 12 Federal Reserve "Districts."

This simple, but terrible, law completely removed from Congress the right to "create" money or to have any control over its "creation," and gave that function to the Federal Reserve Corporation. This was done with appropriate fanfare and propaganda that this would "remove money from politics" (they didn't say "and therefore from the people's control") and prevent "Boom and Bust" from hurting our citizens. The people were not told then, and most still do not know today, that the Federal Reserve Corporation is a private corporation controlled by bankers and therefore is operated for the financial gain of the bankers over the people rather than for the good of the people. The word "Federal" was used only to deceive the people.


Since that "day of infamy," more disastrous to us than Pearl Harbor, the small group of "privileged" people who lend us "our" money have accrued to themselves all of the profits of printing our money' - and more! Since 1913 they have "created" tens of billions of dollars in money and credit, which, as their own personal property, they then lend to our government and our people at interest. "The rich get richer and the poor get poorer" had become the secret policy of our National Government. An example of the process of "creation" and its conversion to people's "debt" will aid our understanding.


We shall start with the need for money. The Federal Government, having spent more than it has taken from its citizens in taxes, needs, for the sake of illustration, $1,000,000,000. Since it does not have the money, and Congress has given away its authority to "create" it, the Government must go the "creators" for the $1 billion. But, the Federal Reserve, a private corporation, doesn't just give its money away! The Bankers are willing to deliver $1,000,000,000 in money or credit to the Federal Government in exchange for the Government's agreement to pay it back - with interest! So Congress authorizes the Treasury Department to print $1,000,000,000 in U.S. Bonds, which are then delivered to the Federal Reserve Bankers.
The Federal Reserve then pays the cost of printing the $1,000,000,000 (about $1,000) and makes the exchange. The Government then uses the money to pay its obligations. What are the results of this fantastic transaction? Well, $1 billion in Government bills are paid all right, but the Government has now indebted the people to the Bankers for $1 billion on which the people must pay interest! Tens of thousands of such transactions have taken place since 1913 so that by the 1980's, the U.S. Government is indebted. to the Bankers for over $1,000,000,000,000 (trillion) on which the people pay over $100 billion a year in interest alone with no hope of ever paying off the principal. Supposedly our children and following generations will pay forever and forever!


You say, "This is terrible!" Yes, it is, but we have shown only part of the sordid story. Under this unholy system, those United States Bonds have now become "assets" of the Banks in the Reserve System which they then use as "reserves" to "create" more "credit" to lend. Current "fractional reserve" requirements allow them to use that $1 billion in bonds to "create" as much as $15 billion in new "credit" to lend to States, Municipalities, to individuals and businesses. Added to the original $1 billion, they could have $16 billion of "created credit" out in loans paying them interest with their only cost being $1,000 for printing the original $1 billion! Since the U.S. Congress has not issued Constitutional money since 1863 (over 100 years), in order for the people to have money to carry on trade and commerce they are forced to borrow the "created credit" of the Monopoly Bankers and pay them usury-interest!


In addition to the vast wealth drawn to them through this almost unlimited usury, the Bankers who control the money at the top are able to approve or disapprove large loans to large and successful corporations to the extent that refusal of a loan will bring about a reduction in the price that that Corporation's stock sells for on the market. After depressing the price, the Bankers' agents buy large blocks of the stock, after which the sometimes multi-million dollar loan is approved, the stock rises, and is then sold for a profit. In this manner billions of dollars are made with which to buy more stock. This practice is so refined today that the Federal Reserve Board need only announce to the newspapers an increase or decrease in their "rediscount rate" to send stocks up and down as they wish. Using this method since 1913, the Bankers and their agents have purchased secret or open control of almost every large corporation in America. Using that control, they then force the corporations to borrow huge sums from their banks so that corporation earnings are siphoned off in the form of interest to the banks. This leaves little as actual "profits" which can be paid as dividends and explains why stock prices are often depressed, while the banks reap billions in interest from corporate loans. In effect, the bankers get almost all of the profits, while individual stockholders are left holding the bag.

The millions of working families of America are now indebted to the few thousand Banking Families for twice the assessed value of the entire United States. And these Banking Families obtained that debt against us for the cost of paper, ink, and bookkeeping!


The only way new money (which is not true money, but is "credit" representing a debt), goes into circulation in America is when it is borrowed from Bankers. When the State and people borrow large sums, we seem to prosper. However, the Bankers "create" only the amount of the principal of each loan, never the extra amount needed to pay the interest. Therefore. the new money never equals the new debt added. The amounts needed to pay the interest on loans is not "created," and therefore does not exist!

Under this kind of a system, where new debt always exceeds the new money no matter how much or how little is borrowed, the total debt increasingly outstrips the amount of money available to pay the debt. The people can never, ever get out of debt! An example will show the viciousness of this usury-debt system with its "built-in" shortage of money.

IF $60,000 IS BORROWED, $255,931.20 MUST BE PAID BACK When a citizen goes to a Banker to borrow $60,000 to purchase a home or a farm, the Bank clerk has the borrower agree to pay back the loan plus interest. At 14% interest for 30 years, the Borrower must agree to pay $710.92 per month for a total of $255,931.20. The clerk then requires the citizen to assign to the Banker the right of ownership of the property if the Borrower does not make the required payments. The Bank clerk then gives the Borrower a $60,000 check or a $60,000 deposit slip crediting the Borrower's checking account with $60,000.

The Borrower then writes checks to the builder, subcontractors, etc., who in turn write checks. $60,000 of new "checkbook" money is thereby added to "money in circulation."

However, and this is the fatal flaw in a usury system, the only new money created and put into circulation is the amount of the loan, $60,000. The money to pay the interest is NOT created, and therefore was NOT added to "money in circulation."

Even so, this Borrower (and those who follow him in ownership of the property) must earn and TAKE OUT OF CIRCULATION $255,931, almost $200,000 MORE than he put IN CIRCULATION when he borrowed the original $60,000! (By the way, it is this interest which cheats all families out of nicer homes. It is not that they can't afford them; it is because the Banker's usury forces them to pay for 4 homes to get one!)

Every new loan puts the same process in operation. Each borrower adds a small sum to the total money supply when he borrows, but the payments on the loan (because of interest) then deduct a much LARGER sum from the total money supply.

There is therefore no way all debtors can pay off the money-lenders. As they pay the principal and interest, the money in circulation disappears. All they can do is struggle against each other, borrowing more and more from the money-lenders each generation. The money-lenders (Bankers), who produce nothing of value, slowly, then more rapidly, gain a death grip on the land, buildings, and present and future earnings of the whole working population.

If you haven't quite grasped the impact of the above, let us consider a small auto loan for 3 years at 18% interest. Step 1: Citizen borrows $5,000 and pays it into circulation (it goes to the dealer, factory, miner, etc.) and signs a note agreeing to pay the Banker $6,500. Step 2: Citizen pays $180 per month of his earnings to the Banker. In 3 years he will take OUT of circulation $1,500 more than he put IN circulation.

Every loan of Banker "created" money (credit) causes the same thing to happen. Since this has happened millions of times since 1913 (and continues today), you can see why America has gone from a prosperous, debt-free nation to a debt-ridden nation where practically every home, farm and business is paying usury-tribute to some Banker. The usury-tribute to the Bankers on personal, local, State and Federal debt totals more than the combined earnings of 25% of the working people. Soon it will be 50% and continue up.


In the millions of transactions made each year like those above, little actual currency changes hands, nor is it necessary that it do so. 95% of all "cash" transactions in the U.S. are by check, so the Banker is perfectly safe in "creating" that so-called "loan" by writing the check or deposit slip, not against actual money, but AGAINST YOUR PROMISE TO PAY IT BACK! The cost to him is paper, ink and a few dollars in salaries and office costs for each transaction. It is "check-kiting" on an enormous scale. The profits increase rapidly, year after year, as shown below.
These are a few taken from Arizona newspapers in January, 1979.

Valley Bank posts 49% gain in profits

Gains of 49 percent in net income and 51 percent in operating income were posted last year by Valley National Bank.
Those gains brought net income to $33,969,-000' in the year ended Dec..31 and operating income to $34,459.000. The year before those totals were $22,836.000 and $22,807,000 respectively.

Bank's profits rise 21%
Arizona Bank announced on Monday it had achieved a 21.2 percent increase in net income in 1978 over 1977. On the basis of operating income, excluding the 1977 sale of the Arizona Bank Building for $l,336,369, the bank said the increase was 43.9 percent.

Tostenrud said loans and deposits increased in the last year: Deposits 18.8 percent to $1.353 billion and loans 21.9 percent to $951 million.


In 1910 the U.S. Federal debt was only $1 billion, or $12.40 per citizen. State and local debts were practically non-existent.

By 1920, after only 6 years of Federal Reserve shenanigans, the Federal debt had jumped to $24 billion, or $226 per person.

In 1960 the Federal debt reached $284 billion, or $1,575 per citizen and State and local debts were mushrooming.
By 1981 the Federal debt passed $1 trillion and was growing exponentially as the Banker's tripled the interest rates. State and local debts are now MORE than the Federal, and with business and personal debts totaled over $6 trillion, 3 times the value of all land and buildings in America. If we signed over to the money-leaders all of America we would still owe them 2 more Americas (plus their usury, of course!)

However, they are too cunning to take title to everything. They will instead leave you with some "illusion of ownership" so you and your children will continue to work and pay the Bankers more of your earnings on ever-increasing debts. The "establishment" has captured our people with their ungodly system of usury and debt as certainly as if they had marched in with a uniformed army.


To grasp the truth that periodic withdrawal of money through interest payments will inexorably transfer all wealth in the nation to the receiver of interest, imagine yourself in a poker or dice game where everyone must buy the chips (the medium of exchange) from a "banker" who does not risk chips in the game, but watches the table and every hour reaches in and takes 10% to 15% of all the chips on the table. As the game goes on, the amount of chips in the possession of each player will go up and down with his "luck."

However, the TOTAL number of chips available to play the game (carry on trade and business) will decrease rapidly.
The game will get low on chips, and some will run out. If they want to continue to play, they must buy or borrow them from the "banker." The "banker" will sell (lend) them ONLY if the player signs a "mortgage" agreeing to give the "banker" some real property (car, home, farm, business, etc.) if he cannot make periodic payments to pay back all of the chips plus some EXTRA ones (interest). The payments must be made on time, whether he wins (makes a profit) or not.

It is easy to see that no matter how skillfully they play, eventually the "banker" will end up with all of his original chips back, and except for the very best players, the rest, if they stay in long enough, will lose to the "banker" their homes, their farms, their businesses, perhaps even their cars, watches, rings, and the shirts off their backs!

Our real-life situation is MUCH WORSE than any poker game. In a poker game none is forced to go into debt, and anyone can quit at any time and keep whatever he still has. But in real life, even if we borrow little ourselves from the Bankers, the local, State, and Federal governments borrow billions in our name, squander it, then confiscate our earnings from us and pay it back to the Bankers with interest. We are forced to play the game, and none can leave except by death. We pay as long as we live, and our children pay after we die. If we cannot pay, the same government sends the police to take our property and give it to the Bankers. The Bankers risk nothing in the game; they just collect their percentage and "win it all." In Las Vegas and at other gambling centers, all games are "rigged" to pay the owner a percentage, and they rake in millions. The Federal Reserve Bankers' "game" is also rigged, and it pays off in billions!

In recent years Bankers added real "cards" to their 'game. "Credit" cards are promoted as a convenience and a great boon to trade. Actually, they are ingenious devices by which Bankers collect 2% to 5% of every retail sale from the seller and 18% interest from buyers. A real "stacked" deck!


Democrat, Republican, and Independent voters who have wondered why politicians always spend more tax money than they take in should now see the reason. When they begin to study our "debt-money" system, they soon realize that these politicians are not the agents of the people but are the agents of the Bankers, for whom they plan ways to place the people further-in debt. It takes only a little imagination to see that if Congress had been "creating," and spending or issuing into circulation the necessary increase in the money supply, THERE WOULD BE NO NATIONAL DEBT, and the over $4 Trillion of other debts would be practically non-existent. Since there would be no ORIGINAL cost of money except printing, and no CONTINUING costs such as interest, Federal taxes would be almost nil. Money, once in circulation, would remain their and go on serving its purpose as a medium of exchange for generation after generation and century after century, just as coins do now, with NO payments to the Bankers whatever!


But instead of peace and debt-free prosperity, we have ever-mounting debt and periodic wars. We as a people are now ruled by a system of Banker-owned Mammon that has usurped the mantle of government, disguised itself as our legitimate government, and set about to pauperize and control our people. It is now a centralized, all-powerful political apparatus whose main purposes are promoting war, spending the peoples' money, and propagandizing to perpetuate itself in power. Our two large political parties have become its servants, the various departments of government its spending agencies, and the Internal Revenue its collection agency.

Unknown to the people, it operates in close cooperation with similar apparatuses in other nations. which are also disguised as "governments." Some, we are told, are friends. Some, we are told, are enemies. "Enemies" are built up through international manipulations and used to frighten the American people into going billions of dollars more into debt to the Bankers for "military preparedness," "foreign aid to stop communism," "minority rights," etc. Citizens, deliberately confused by brainwashing propaganda, watch helplessly while our politicians give our food, goods, and money to Banker-controlled alien governments under the guise of "better relations" and "easing tensions." Our Banker-controlled government takes our finest and bravest sons and sends them into foreign wars with obsolete equipment and inadequate training, where tens of thousands are murdered, and hundreds of thousands are crippled. Other thousands are morally corrupted, addicted to drugs, and infected with venereal and other diseases, which they bring back to the United States. When the "war" is over, we have gained nothing, but we are scores of billions of dollars more in debt to the Bankers, which was the reason for the "war" in the first place!


The profits from these massive debts have been used to erect a complete and almost hidden economic and political colossus over our nation. They keep telling us they are trying to do us "good," when in truth they work to bring harm and injury to our people. These would-be despots know it is easier to control and rob an ill, poorly-educated and confused people than it is a healthy and intelligent population, so they deliberately prevent real cures for diseases, they degrade our educational systems, and they stir up social and racial unrest. For the same reason they favor drug use, alcohol, sexual promiscuity, abortion, pornography, and crime. Everything which debilitates the minds and bodies of the people is secretly encouraged, as it makes the people less able to oppose them or even to understand what is being done to them.

Family, morals, love of Country, the Christian religion, all that is honorable is being swept away, while they try to build their new, subservient man. Our new "rulers" are trying to change our whole racial, social, religious, and political order, but they will not change the debt-money economic system by which they rob and rule. Our people have become tenants and "debt-slaves" to the Bankers and their agents in the land our fathers conquered. It is conquest through the most gigantic fraud and swindle in the history of mankind. And we remind you again: The key to their wealth and power over us is their ability to create "money" out of nothing and lend it to us at interest. If they had not been allowed to do that, they would never have gained secret control of our nation. "The rich ruleth over the poor, and the borrower is servant to the lender" (Proverbs 22:7).

Let us now consider the correct method of providing the medium of exchange (money) needed by our people.


History tells us of debt-free and interest-free money issued by governments. The American colonies did it in the 1700's and their wealth soon rivaled England and brought restrictions from Parliament, which led to the Revolutionary War. Abraham Lincoln did it in 1863 to help finance the Civil War. He was later assassinated by an agent of the Rothschild Bank. No debt-free or interest-free money has been issued in America since then. Several Arab nations issue interest-free loans to their citizens today. The Saracen Empire for bad interest on money for 1,000 years, and its wealth outshone even Saxon Europe. Mandarin China issued its own money, interest-free and debt-free, and historians and collectors of art today consider those centuries to be China's time of greatest wealth, culture and peace.

Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today.

Issuing money which doesn't have to be paid back in interest leaves the money available to use in the exchange of goods and services and its only continuing cost is replacement as the paper wears out. Money is the paper ticket by which such transfers are made and should always be in sufficient quantity to transfer all possible production of the nation to ultimate consumers.
It is as ridiculous for a nation to say to its citizens, "You must consume less because we are short of money," as it would be for an Airline to say "Our planes are flying, but we can't take you because we are short of tickets."


Under the present debt-usury system, the extra burden of usury forces workers and businesses to demand more money for the work and goods to pay their ever-increasing debts and taxes. This increase in prices and wages is called "inflation." Bankers, politicians and "economists" blame it on everything but the real cause, which is the usury levied on money and debt by the Bankers. This "inflation" benefits the money-lenders, since it wipes out savings of one generation so they cannot finance or help the next generation, who must then borrow from the money-lenders, and pay a large part of their life's labor to the usurer.

With an adequate supply of interest-free money, little borrowing would be required and prices would be established by people and goods, not by debts and usury.


If the Federal Congress failed to act, or acted wrongly, in the supply of money, the citizens would use the ballot or recall petition to replace those who prevented correct action with others whom the people believe would pursue a better money policy. Since the creation of money and its issuance in sufficient quantity would be one of the few functions of Congress, the voter could decide on a candidate by his stand on money, instead of the hundreds of lesser, and deliberately confusing, subjects which are presented to us today. And since money is, and would remain, a national function, local differences or local factions would not be able to sway the people from the nation's (citizens') interest. All other problems, except the nation's defense, would be taken care of in the State, County, or City governments where they are best handled and most easily corrected.

An adequate national defense would be provided by the same citizen-controlled Congress, and there would be no Bankers behind the scenes, bribing politicians to give $200 billion of American military equipment to other nations, disarming us, while alien nations prepare to attack and invade the United States of America.


With debt-free and interest-free money, there would be no high and confiscatory taxation, our homes would be mortgage free with no $10,000-a-year payments to the Bankers, nor would they get $1,000 to $2,500 per year from every automobile on our roads. We would need no "easy payment" plans, "revolving" charge accounts, loans to pay medical or hospital bills, loans to pay taxes, loans to pay for burials, loans to pay loans, nor any of the thousand and one usury-bearing loans which now suck the life-blood of American families. There would be no unemployment, divorces caused by debt, destitute old people, or mounting crime, and even the so-called "deprived" classes would be deprived of neither job nor money to buy the necessities of life.

Criminals could not become politicians, nor would politicians become criminals in the pay of the Money-lenders. Our officials, at all government levels, would be working for the people instead of devising means to spend more money to place us further in debt to the Bankers. We would get out of the entangling foreign alliances that have engulfed us in four major wars and scores of minor wars since the Federal Reserve Act was passed, alliances which are now used to prevent America from preparing her own defense in the face of mounting danger from alien powers.

A debt-free America would mean mothers would not have to work. With mother at home, juvenile delinquency would decrease rapidly. The elimination of the usury and debt would be the equivalent of a 50% raise in the purchasing power of every worker. With this cancellation of all debts, the return to the people of all the property and wealth the parasitic Bankers and their quasi-legal agents have stolen by usury and fraud, and the ending of their theft of $300 Billion (or more) every year from the people, America would be prosperous and powerful beyond the wildest dreams of its citizens today. And we would be at peace! (For a Bible example of cancellation of debts to money lenders and restoration of property and money to the people, read Nehemiah 5: 1-13.)


We realize this small, and necessarily incomplete, article on money may be charged with oversimplification. Some may say that if it is that simple the people would have known about it, and it could not have happened. But this MONEY-LENDERS' consPIRACY is as old as Babylon, and even in America it dates far back before the year 1913. Actually, 1913 may be considered the year in which their previous plans came to fruition, and the way opened for complete economic conquest of our people. The consPIRACY is old enough in America so that its agents have been, for many years, in positions such as newspaper publishers, editors, columnists, church ministers, university presidents, professors, textbook writers, labor union leaders, movie makers, radio and TV commentators, politicians from school board members to U.S. presidents, and many others.


These agents control the information available to our people. They manipulate public opinion, elect whom they will locally and nationally, and never expose the crooked money system. They promote school bonds, municipal bonds, expensive and detrimental farm programs, "urban renewal," foreign aid, and many other schemes which will put the people more into debt to the Bankers. Thoughtful citizens wonder why billions are spent on one program and billions on another which may duplicate it or even nullify it, such as paying some farmers not to raise crops, while at the same time building dams or canals to irrigate more farm land. Crazy or stupid? Neither. The goal is more debt. Thousand of government-sponsored ways to waste money go on continually. Most make no sense, but they are never exposed for what they really are, builders of "billions for the bankers and debts for the people."

So-called "economic experts" write syndicated columns in hundreds of newspapers, craftily designed to prevent the people from learning the simple truth about our money system. Commentators on radio and TV, preachers, educators, and politicians blame the people as wasteful, lazy, or, spend-thrift, and blame the workers, and consumers for the increase in debts and the inflation of prices, when they know the cause is the debt-money system itself. Our people are literally drowned in charges and counter-charges designed to confuse them and keep them from understanding the unconstitutional and evil money-system that is so efficiently and silently robbing the farmers, the workers, and the businessmen of the fruits of their labors and of their freedoms.

When some few Patriotic people or organizations who know the truth begin to expose them or try to stop any of their mad schemes, they are ridiculed and smeared as "right-wing extremists," "super-patriots," "ultra-rightists," "bigots," "racists," even "fascists" and "anti-Semites." Any name is used which will cause them to shut up or will at least stop other people from listening to the warning they are giving. Articles and books such as you are now reading are kept out of schools, libraries, and book stores.

Some, who are especially vocal in their exposure of the treason against our people, are harassed by government agencies such as the EPA, OSHA, the IRS, and others, causing them financial loss or bankruptcy. Using the above methods, they have been completely successful in preventing most Americans from learning the things you have read in this pamphlet. However, in spite of their control of information, they realize many citizens are learning the truth. Therefore, to prevent violence or armed resistance to their plunder of America, they plan to register all firearms and eventually to disarm all citizens. They have to eliminate most guns, except those in the hands of their government police and army.


The "almost hidden" conspirators in politics, religion, education, entertainment, and the news media are working for a Banker-owned United States in a Banker-owned world under a Banker-owned World Governments!

Love of Country and concern for your children should make you deeply interested in this, America's greatest problem, for our generation has not suffered under the "yoke" as the coming generations will. Usury and taxes will continue to take a larger and larger part of the annual earnings of the people and put them into the pockets of the Bankers and their political Agents. Increasing "government" regulations will prevent citizen protest and opposition to their control. Is it possible that your grandchildren will own neither home nor car, but will live in "government-owned" apartments and ride to work in "government-owned" buses (both paying usury to the Bankers), AND BE ALLOWED TO KEEP JUST ENOUGH OF THEIR EARNINGS TO BUY A MINIMUM OF FOOD AND CLOTHING while their Rulers wallow in luxury? In Asia and eastern Europe it is called "communism;" in America it is called "Democracy" and "Capitalism."

America will not shake off her Banker-controlled dictatorship as long as the people are ignorant of the hidden controllers. International financiers, who control most of the governments of the nations, and most sources of information, seem to have us completely within their grasp. They are afraid of only one thing: an awakened Patriotic Citizenry, armed with the truth, and with a trust, in Almighty God for deliverance.

This article has given you the truth about their iniquitous system. What you do with it is in your hands. Billions for the Bankers... started out as a small pamphlet back in the 60s. In later life:
Pastor Emry was able to improve it and expand it into book form, with illustrations. He died in 1985.

(This study on money is not copyrighted. It may be reproduced in whole or in part for the purpose of helping the American people).

What some famous men have said about the money question

ALAN GREENSPAN: "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."

PRESIDENT THOMAS JEFFERSON: "The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale."

PRESIDENT JAMES A. GARFIELD: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

CONGRESSMAN LOUIS McFADDEN: "The Federal Reserve(Banks) are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers."

HORACE GREELEY: "While boasting of our noble deeds were careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery."

THOMAS A. EDISON: "People who will not turn a shovel full of dirt on the project (Muscle Shoals Dam) nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest ...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People."

PRESIDENT WOODROW WILSON: "A great industrial Nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world - no longer a Government of free opinion no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men." (Just before he died, Wilson is reported to have stated to friends that he had been "deceived" and that "I have betrayed my Country." He referred to the Federal Reserve Act passed during his Presidency).

SIR JOSIAH STAMP (President of the Bank of England in the 1920's, the second richest man in Britain): "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 back again. However, take it away from them, and all the great fortunes like mine will 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."

MAJOR L .L. B. ANGUS: "The modern Banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and unmint the modern ledger-entry currency."

RALPH M. HAWTREY (Former Secretary of the British Treasury): "Banks lend by creating credit. They create the means of payment out of nothing."

ROBERT HEMPHILL (Credit Manager of Federal Reserve Bank, Atlanta, Ga.): "This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."

Note: This article is freely re-printable except - Title 'Dollar Chain' and graphic ©  HYPERLINK " mail to: ContrarianthinkeR 2004. Original title to article is 'Billions for the bankers, Debts for the People'.

Friday, December 18, 2009


Usury is the Greatest Crime on Earth

Mankind's battle against enslavement by the Satanic money changers.

Usury, the most intractable form of slavery.

The money lenders create “money” out of thin air and then loan it to us as a debt bearing interest. This Satanic mechanism is the enslaver of nations and the destroyer of peoples. Divine law assesses the death penalty against anyone charging interest and forbids us as individuals to submit to debt. *

The following passages are excerpted from* *THE HIDDEN HISTORY OF MONEY & NEW WORLD ORDER USURY SECRETS - authored by Alexander James.

Horace Greely 1811-1872: "*While boasting of our noble deeds,  we are careful to control the ugly fact that by an iniquitous money system, we have nationalized a system of oppression which, though more refined,  is not less cruel than the old system of chattel slavery.*"

The Biggest Problem on Earth is Usury as explained in Assorted Scriptures:

As Napoleon pointed out: “Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest “- he cancelled debt and interest in France - hence the titanic struggle waged against him by the international banking houses (id est, the Rothschild syndicate) who controlled (and still do) England and all the rest of the nations of Europe. In that sense, once could point to Napoleon as a historical predecessor to Adolph Hitler.

The word Usury in Hebrew is "nesek" and it means “BITING” as from a serpent. It is characterized as  “devouring” in the Quran!


"The love of money is the root of all evil": (1 Timothy 6:10)

"If thou lend money to any of my people that is poor by thee, thou shalt not be to him a usurer, neither shalt thou lay upon him usury." Exodus 22:25

"Take no usury of him, or increase ... thou shalt not give him thy money upon usury." Leviticus 25:36-37

"Unto thy brother thou shalt not lend upon usury: That the Lord they God bless thee." Deuteronomy 23:20

"The rich rule over the poor, and the borrower is servant to the lender." Proverbs 22.7

"The stranger that is within thee shall get up above thee very high, and thou shalt come down very low. He shall lend
to thee, and thou shalt not lend to him; he shall be the head, and thou shalt be the tail." Deut. 28:44-45

"The rich ruleth over the poor, and the borrower is servant to the lender." Prophet Solomon’s words in Proverbs 22:7

“The stranger that is within thee shall get up above thee very high; and thou shall come down very low. He shall lend to thee, and thou shall not lend to him; he shall be the head, and thou shall be the tail” Deut. 28:44-45;

“It's the same fatal bite of that old Serpent the Devil and Satan which deceiveth the whole World” (Rev. 12:9)

"The rich [usurers] rule over the poor, and the borrower is servant to the lender."  Proverbs 22.7

(For a Bible example of cancellation of debts to money lenders and restoration of property and money to the people, read Nehemiah 5:1-13. For a Quranic example, read the history of what happened when verses related to forbidding usury were revealed)

Yeshua-Joshua-Yeshua-Isa had scathing remarks for the Pharisees* (the priest-bankers-usurers who worked from the Temple in Jerusalem) who mislead and prey upon ordinary people in Matthew 23. He exposed them for the sort of people they were: "Hypocrites," "sons of hell," "blind guides," "fools," "full of robbery and self-indulgence," "whitewashed tombs...full of dead men's bones and all uncleanness," "full of hypocrisy and lawlessness," "partners with them in shedding the blood of the prophets", "serpents and brood of vipers", “den of thieves”, “Synagogue of Satan”, Rev. 2:9 "I know the blasphemy of them which say they are Jews, and are not, but are the Synagogue of Satan", "Ye are of your father, the devil ... He was a murderer from the beginning ... he is a liar and the father of it."

Pharisees: At the ancient temple in Jerusalem during Yeshua-Joshua-Yeshua’s time two thousand years ago, the Pharisees money-changers used the Jewish and Sun-god temples to collect interest. Yeshua-Joshua was so upset by the sight of the money changers in the temple (the priest-bankers-usurers who worked from the Temple in Jerusalem) who mislead ordinary Jews, he waded in and started to tip over the tables and drive them out with a whip, this being he one and only time we ever hear of him using force during his entire ministry. o what caused the ultimate pacifist to become so aggressive? For a long time he Jews had been called upon to pay their temple tax with a special coin called the half shekle. It was a measured half ounce of pure silver with no mage of a pagan emperor on it. It was to them the only coin acceptable to God (actually to the
Pharisees). But because there was only a limited number of these coins in circulation, the money changers were in a buyer’s market and like with anything else in short supply, they were able to raise the price to what the market would bear. They made huge profits with their monopoly n these coins and turned this time of devotion into a mockery for profit.  Yeshua-Joshua saw this as stealing from the people and proclaimed the whole setup to be "A den of thieves". Yeshua-Joshua’ exposing of the money hangers made him a target for them and their leader Caiaphas.


Surah/Chapter 4, ayah/verses 153-161: hat they took usury though they were forbidden it, and through it devoured men’s substance wrongfully.” “You who believe, devour ot usury, doubled and multiplied; but fear God that you may prosper” 3-V130.

Chapter II verse 275: Those who devour usury will not stand except as stands one whom the evil one by his touch has driven to madness. That is because they say “Trade is like usury” but GOD has permitted trade and forbidden usury. Those who after receiving direction from their LORD desist shall be pardoned. For the past, their case is with GOD. But those who repeat the offence are companions of the fire (misery), hey will abide therein forever.

Chapter II verse 278: O you who believe! hear GOD and give up what remains of your demand for usury if you’re indeed believers.” “If the debtor is in a difficulty, grant him time ill it is easy for him to repay. But if you remit it by way of charity, that is best for you if you only realized it” C2-V280;

The Prophet Mohammad said around the beginning of the 7th century:

…”A time will come upon people when almost everyone will eat from usury, to the extent that those who refrain from it will be exposed to its ‘dust’” I. Ma’ja, Tijara, 58; I. Hanbal, 2.494; Nasa’i, Buyu, 2). The Prophet Mohammed's last sermon: "...Return the goods entrusted to you to their rightful owners. Hurt no one so that no one may hurt you. Remember that ou will indeed meet your LORD, and that HE will indeed reckon your deeds. GOD has forbidden you to take usury; therefore all interest
obligations shall henceforth be waived. Your capital, however, is yours to keep. You will either inflict nor suffer any inequity..."

Sir Josiah Stamp, former President, Bank of England:

"Bankers own the earth. Take it away from them, but leave them the power to create oney and control credit, and with a flick of a pen they will create enough to buy it back."

Article I, Section 10, United States’ Constitution: 

“No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts*.”

Article I, Section 8, United States’ Constitution.

“The Congress shall have coin money (and) regulate the value thereof.”

Representative Wright Patman, former Chairman of a house Banking Committee said:

"The Federal Reserve Banks create money out of thin air to buy Government bonds...  The Federal Reserve Bank is a total money making machine." [they have the monopoly on counterfeiting money]

In 1913, before the Senate Banking and Currency Committee, Mr. Alexander stated:

"But the whole scheme of a Federal Reserve Bank with its commercial-paper basis is an impractical, cumbersome machinery; is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates.  It is a system that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean continued shortage of actual money and further extension of credits; for when there is a lack of real money people have to borrow credit to their cost."

Sentaor Nelson Aldrich (one of the co-conspirators of the 1913 Federal Reserve Act):

“Before passage of this Act, the New York Bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.*”

Former Federal Reserve Bank Chairman Eccles was asked by Patman:

"Mr. Eccles, how did you get the money to buy these two billion dollars of government bonds*."

Mr. Eccles replied, "We create it."

"Out of what?" Patman asked.

"Out of the right to issue credit money", i.e. out of nothing.

This right to create money out of thin air was given to the Private Federal Reserve Bank by a fraudulent act of Congress in 1913 known as the Federal Reserve Act, same fraud has been happening since the 17th century with the Private Bank of England and other banks. The FED issues Federal Reserve cheques redeemable as Federal Reserve Notes only with no liability to itself. The Fed is not subject to taxes and full audits. The local banks create credit money as well, but not private currency notes any more. Read later about how the most central banks are privately owned outright or de-facto. Mr. Marriner Eccles, who was Chairman of the board of Governors of the Federal Reserve System longer than any other man, testified before the Joint Economic Committee in August 1962. When Chairman Rep. Wright Patman asked whether it was not a fact that the Federal Reserve System has more power than either the Congress or the President, Eccles replied: "In the field of money and credit, yes."

A quote from a 1924 edition of the American Banker's Association Digest sums up what is currently happening:

Keep this in mind when you vote: "When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming imperialism to govern the World. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance."

The creation of US dollars from nothing by the Federal Reserve is mirrored by the World/Bank IMF creation of SDRs (special drawing rights). It is estimated that the IMF has produced $30 billion dollars worth of SDR's so far. In the United States SDR's are already accepted as legal money, and all other member nations are being pressured to follow suit. With SDR's being partially backed by gold, a World gold standard is sneaking its way in through the back door, which comes with no objection from the money changers who now hold two-thirds of the Worlds gold and can use this to structure the Worlds’ economy to their further advantage.

Can there be any doubt what  Amsel (Amschel) Bauer Mayer Rothschild meant in 1838 when he said:

“Give me control of the economics of a country; and I care not who makes her laws. The few who understand the system, will either be so interested from its profits or so dependant on its favors, that there will be no opposition from that class”.

His relative Nathan Rothschild said (1777-1836):

"I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain's money supply controls the British Empire and I control the British money supply."

David Spangler, Director of Planetary Initiative, United Nations:

"No one will enter the New World Order unless he or she will make a pledge to worship Lucifer. No one will enter the New Age unless he will take a LUCIFERIAN Initiation."

Harold Wallace Rosenthal in 1976, a Zionist administrative assistant to Senator Jacob K. Javits of New York when asked "Do you have knowledge of WHEN and WHY the story began about the Jews being God's chosen people?" said in part: "Most Jews do not like to admit it, but our god is Lucifer so I wasn't lying -- and we are his chosen people. Lucifer is very much alive*.”

Dr. R.E. Search, “Lincoln Money Martyred”, Omni Publications Hawthorne, California. 1935 (Reprinted 1977):*

“One penny loaned January 1st, AD 1, drawing interest at the rate of 6% compounded annually, on January 1st, 1895, would amount to:£8,498,840,000,000,000,000,000,000,000,000,000,000,000,000,000.00. To pay this in gold at the rate of 1.5 grams of gold to the pound sterling, using it in spheres of pure gold the size of the planet earth, would take:
610,070,000,000,000,000  such spheres to pay the debt.”

The Illuminati Banking dynasties create the money for the loan out of nothing, i.e. just because they were granted this power by fraudulent legislation which they bribed and maneuvered Kings and politicians into doing. They don’t create the money to pay the interest though. When the banks put your interest payments back into circulation by acquiring good and services, then debtors are able to repay the interest, i.e. we have to work for the bank to repay the interest! The only way to keep this system going is to have governments and people borrow more and more to create the money to pay the interest. A great way to stop this pyramid scheme from collapsing temporarily is to have wars which cause all sides in the conflict to borrow.

Retired US Army Colonel De Grandpre:

"The trigger for the 9-11 activity was the imminent and unstoppable Worldwide financial collapse which can only be prevented temporarily by a major war, perhaps to become known as World War III. To bring it off one more time, martial law will probably be imposed in the United States."

In 1910 US government debt stood at about $1 billion or about $12 per citizen.

Now, its about $15 trillion (all levels of government) or about $50,000 per citizen owed to the private owners of the Federal Reserve Bank. Government and corporate debt is inherited. Therefore, whenever we pay taxes or buy corporate products, we pay homage to the Illuminati owners of the private central banks because part of our money goes to pay interest to them on money which they created from nothing, through the power that was given to them by fraudulent legislation.  The total amount owed – by consumers, businesses, governments and financial institutions – totaled $34.4 trillion at the end of 2003, according to the Federal Reserve.  The economy produced $11.3 trillion of output. That makes the nation's debt triple its gross domestic product. In 1933, debt was about 2 1/2 times GDP, according to a study by the Gabelli Mathers mutual fund. In 1694, the English government’s debt to the private owned Bank of England was £1.25 million. In 1993, (years ago) the British taxpayers paid £24.5 billion alone in interest, more than twice that in the education budget! And who knows what the real figure
is, since many things are kept secret. When this pyramid collapses, we would suddenly be in a very different World. In 1929, the stock market crashed, but the gold standard held. The monetary system held. Now, we are dealing with something that's more fundamental. The only precedent I know of is the Roman Empire collapse, which ended Roman currency. That was, of course, at a time when it took about a century and a half for the breakdown to spread through the empire; now it would take a few hours.

Buckminster Fuller:

"To expose a 15 Trillion dollar rip-off of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business."

Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982:

"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations."

The 'Federal Reserve' is not federal and has unproven reserves. It is a private, for Profit Corporation. The majority owners are the trans-Atlantic Illuminati Bank Lords. Look in the phone book of any city that has a 'Reserve Bank' such as San Francisco and you find the 'Federal Reserve' is listed not in the Blue government pages, but in the White pages, usually opposite the listing for Federal Express.  The name is a deception to lull the public into believing that it is actually run by their government, while the reality is that a group of European Trans-Atlantic nationals led by the Rothschild and Rockefeller dynasties has complete control of America's money supply.

Also of note is the fact that America’s money was taken off the Gold Standard in 1933, on April 19th making America’s money completely FIAT, backed only by the government’s promise to tax you at WHATEVER rate is necessary to repay the loans on the bonds that it issues (It is noteworthy that April 19 was also the date of the failed TREASURY Dept.  raid in Waco, Texas in 1993; The federal takedown of the organization known as the Covenant Sword and Arm of the Lord occurred on April 19, 1985. This was exactly 8 years prior to the infamous Massacre at Mount Carmel Waco).

Lewis vs. United States, 680 F. 2d 1239, 9th Circuit 1982:

"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations."

Sen. Barry Goldwater (Rep. AR):

"Most Americans have no real understanding of the operation of the international money lenders.  The accounts of the Federal Reserve System have never been fully audited. It operates outside the control of Congress and manipulates the credit of the United States."

Congressman Louis T. McFadden (Rep. Pa): "The Federal Reserve banks are one of the most corrupt institutions the World has ever seen.  There is not a man within the sound of my voice who does not know that this nation is run by the International bankers.”

Face this fact: The Fourth Estate is morally bankrupt just like the corrupt politicians and financial leaders for which they incessantly praise. Society is then trained to like those the media promotes and to dislike those that are demonized. Look at Oklahoma City bomber Timothy McVeigh; the media made great efforts to tie him with local militias, at the same time downplaying the fact that he was an ex-soldier that participated in the first Iraq Genocide. On the subject of patriots, the Battle of Lexington, which was the start of the War of Independence, commenced on April 19, 1775. The war was NOT fought due to high taxes on tea as you have been taught. It was fought for the reason of England passing a law preventing the Colonies from printing their own money (Colonial Scrip) which was interest & debt free and forcing the colonists to accept the English banker’s ‘debt money’ system through armed force backed by fraudulent legislation. Sounds familiar? Now, let’s go into some details on these startling discoveries!  What was the messiah Yeshua-Joshua (Yeshua/Issa) talking about?

When he said around 30 BC or so …Yeshua-Joshua-Yeshua had quite a verbal scathing for the Pharisees (the priest-bankers-usurers who worked from the Temple in Jerusalem) who mislead ordinary Jews in Matthew 23. He exposed them for the sort of people they were:   "Hypocrites," "sons of hell," "blind guides," "fools," "full of robbery and self-indulgence," "whitewashed tombs...full of dead men's bones and all uncleanness," "full of hypocrisy and lawlessness," "partners with them in shedding the blood of the prophets," and "serpents and brood of vipers."

Notice that today’s churches are infiltrated by the Bankers’ agents and the Bible’s injunction against usury and giving false measure is rarely preached and the  Vatican Bank of Rome itself earns from usury;

Bible Mat. 19:21-24:

A rich man asked Yeshua-Joshua (Yeshua), "What is required for eternal life?" Yeshua-Joshua replied, "Follow the commandments." The man told Yeshua-Joshua that he had always kept the commandments and wanted to know what else was required. Yeshua-Joshua then told him, "If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me". The man walked away very sad because he was wealthy. Yeshua-Joshua told His disciples, "And again I say unto you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God (Yahweh)". In other words, money can tempt a person so much that it becomes his god!

Secret Societies and Subversive Movements, page 260-264:

“The ‘Illumines’ line of march is more prudent, more skillful, and consequently, more dangerous; instead of revolting the imagination by ideas of regicide, they affect the most generous sentiments: declamations on the unhappy state of the people, on the selfishness of courtiers, on measures of administration, on all acts of authority that may offer a pretext to declamations as a contrast to the seductive pictures of the felicity that awaits the nations under the system they (themselves) wish to establish, such is their manner of procedure, particularly in private. More circumspect in their writings, they usually disguise the poison they dare not proffer openly, under obscure metaphysics or more or less ingenious allegories. Often indeed texts from Holy Writ serve as an envelope and vehicle for these baneful insinuations...“  Ancient Rome/Babyon World’s Usury Capitals (Bank Of Rome circa 47 AC)

Since Ancient Roman and Babylonian times usury – the lending of wealth at interest – has been one of the main causes of war and empire building.

Nations such as Persia and Rome became great due to their massive debts incurred by borrowing money from wealthy nations. Later, unable to return the wealth, but rich and with great armies funded by this borrowed wealth, they soon realised a need to conquer these lending nations in order to nullify their debts. This was also the reason for the introduction of taxes, a global system which is in use right up to today. Today, most of the taxes go to pay the interest to the privately owned central banks whose owners created money out of nothing to lend to the governments. Another city that would play a major part in being a financial choke point for the World was established as The city of Londinium (The Crown) by the Romans on the north bank of the River Thames in around 50 AC. To this day, the financial square mile is run by the Bank of England (remember Bank Street).

Baron de Montesquieu, The Laws of Nations:

"As lending upon interest was forbidden by the Gabinian law between provincials and Roman citizens, and the latter at that time had all the money of the globe in their hands, there was a necessity for tempting them with the bait of extravagant interest, to the end that the avaricious might thus lose sight of the danger of losing their money. And as they were men of great power in Rome, who awed the magistrates and overruled the laws, they were emboldened to lend, and to extort great usury. Hence the provinces were successively ravaged by every one who had any credit in Rome: and as each governor, at entering upon his province, published his edict wherein he fixed the rate of interest in what manner he pleased, the legislature played into the hands of avarice, and the latter served the mean purposes of the legislator"

"As soon as lending upon interest was forbidden at Rome, they contrived all sort of means to elude the law; and as their allies, and the Latins, were not subject to the civil laws of the Romans, they employed a Latin, or an ally, to lend his name, and personate the creditor. The law, therefore, had only subjected the creditors to a matter of form, and the public were not relieved".

England’s King Edward VI (1547-1553) outlawed usury by Parliamentary decree. His reign was cut short because he opposed the moneylenders.

Later King James was murdered and King Charles I was beheaded and finally, the private Bank of England was chartered in 1694.*

After the Battle of Waterloo, the Rothschilds managed to take ownership of the Bank of England from its former private owners.

It was a private venture under the House of Rothschild which has also maintained its influence since nationalization in 1947 when the Rothschilds received an immense amount of Fiduciary Bonds on which the nationalized Bank of England pays 12% forever and ever, so this is even better than owning it! Same thing for the Bank of France which was so called “nationalized” in 1946.

Thomas Jefferson: "... we must not let our rulers load us with perpetual debt...If we run into such debts as that we must be taxed in our meat and in our drink, in our necessities and comforts, in our labors and in our amusements, for our callings and our creeds...our people...must come to labor 16 hours in the 24, give the earnings of 15 of these to the government for their debts and daily expenses; and the 16th being insufficient to afford us bread, . . . We have no time to think, no means of calling the mis-managers to account; but be glad to obtain subsistence by hiring ourselves, to rivet their chains on the necks of our fellow sufferers.  Our land holders, too . . . retaining indeed the title and stewardship of estates called theirs, but held really in trust for the treasury, . . . this is the tendency of all human governments. A departure from principle becomes a precedent for a second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering...And the fore horse of this frightful team is public debt.  Taxation follows that, and in it's train, wretchedness and oppression."

Benjamin Franklin said that the American war for Independence was fought over money and currency (like every war) and the right of the Colonies to issue their own usury free currency apart from the Bank of England:

"That is simple. In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one."

"The refusal of King George to operate an honest colonial money system which freed the ordinary man from the clutches of the manipulators was probably the prime cause of the Revolution."

"The Colonies would gladly have borne the little tax on tea and other matters, had it not been that England took away from the Colonies their money, which created unemployment and dis-satisfaction."  (In a conciliatory letter to a friend after the American Revolution, "Bulletin", February 1989 & November 1991 issues, P.O. Box 986, Ft. Collins, CO 80522).

Instead of the interest free notes they issued as evidence of debt to each other, and which they used as a currency which will never multiply debt in proportion to the circulation, the colonists were required to use notes issued by the Bank of England on which they were required to pay interest. Franklin reported, "Within a year, the poor houses were filled. The hungry and homeless walked the streets everywhere."

The private owners of the Bank of England in 1765 demanded that the American Colonies pay taxes in British specie or coins which the people did not possess* (this is quite similar to the situation at the time of Yeshua-Joshua-Yeshua-Issa where the Pharisees sitting in the Synagogues demanded that the Jews pay their temple tax with a special coin called the half shekle which was in short supply). If they had borrowed from the Bank of England to pay the tax, the end result would have been the same: foreclosure and  bankruptcy with the Bank owning everything!! It's the same fatal bite of that old Serpent the Devil and Satan which deceiveth the whole World (Rev. 12:9). No wonder that usury is called nashak or the bite of a serpent in the Bible.

General Andrew Jackson said this about the private central bank called 2nd Bank of the U.S. which was re-chartered in 1816:


And this heroic president did exactly as he promised.  He refused to renew the charter of the 2nd Bank  and it died an unnatural death in 1836. The people were finally free of the Bank of England alias the "Bank" of Rome until the Civil War began in 1861 and the people were further enslaved when the privately owned Federal Reserve was established in 1913 (G. Edward Griffin said about the Fed that it is a cartel operating against the public interest, it's the supreme instrument of usury with the IRS acting as the collector, it generates our most unfair tax  through inflation and bail outs, it encourages war, it destabilizes the economy, it discourages private capital formation, it cannot be fully audited, it does not pay taxes and it generates enormous profits for its owners.)

President Abraham Lincoln approached the banksters in order to finance the war. They wanted usury of 28%. Lincoln refused to pay. In order to circumvent the banksters he issued $450,000,000 in GREENBACKS or U.S. Notes. These GREENBACKS were non usury paying  notes and were backed by the credit of the nation. Of course the banksters were furious. Had President Lincoln lived and finished out his 2nd term he would have forever closed the door to the malicious influence of the "Bank" of Rome. On April 15, 1865, he fell a victim to the leaden bullet of the assassin John Wilkes Booth — another tool of the moneylenders!! In fact, 6 US presidents (William Henry Harrison, poisoned, in 1841, Zachary Taylor,  Lincoln, Garfield, McKinley and John F. Kennedy 1963; 7 if we count FDR’s poisoning) were murdered because of their opposition to private central banks who can create interest-bearing money from nothing.

William Cobbett, the author of “Rural Rides” and MP in the reformed Parliament of 1832, wrote:

“I set to work to read the Act of Parliament by which the  Bank of England was created, and all the Acts  about loans, and funds, and dividends, and payings, and sinking funds and I soon began  to perceive that the fate of the Kingdom must  finally turn upon what should be done with that  accursed thing called the National Debt. The sum at first borrowed was a mere trifle. The inventors knew well what they were about. Their design was to mortgage by degrees the whole of the country. .. to those who would lend money to the State. .. the deep scheme has from its ominous birth been breeding usurers of every description, feeding and fattening on the vitals of the country, till it has  produced what the World never saw before  - starvation in the midst of abundance!”

John D. Rockefeller in 1872 (later to become one of the owners of the Federal Reserve  Bank):

"Among the early experiences that were helpful to me that I recollect with pleasure was one in working a few days for a  neighbour in digging potatoes — a very enterprising, thrifty farmer, who could dig a great many potatoes. I was a boy of perhaps thirteen or fourteen years of age, and it kept me very busy from morning until night. It was a ten-hour day. And as I was saving these little sums I soon learned that I could get as much interest for fifty dollars loaned at seven per cent. — the legal rate in the state of New York at that time for a year — as I could earn by  digging potatoes for 100 days. The impression was gaining ground with me that it was a good thing to let the money be my slave and not make myself a slave to money."(Ida Tarbell, History of the Standard Oil Co., p.41).

Napoleon Bonaparte:

“I was compelled to proclaim laws against them for their usury, and the peasants of Elace have rendered me their  thanks.”

From Usury by Wilfrid Price:

I hope that I have proved beyond all possible doubt that  the system is fraudulent; that the people produce the real wealth through their farms, workshops, factories, offices, transport, etc., i.e., the goods and services in the shops and warehouses, yet we have a parasitic group of banks and financial  houses that create money based on all this  real wealth and load the communities with huge cheating debts created out of empty air. Does it require much imagination to see that this usury cripples the economy of the World as a whole? Technically advanced nations are continually held up from carrying out worthwhile projects though there is plenty of man-power,  materials and equipment to do so. Can anyone argue that, if a thing is physically possible then it automatically should be financially possible?

However, the environment is being destroyed, especially in the Third World. Does anybody doubt that being able to create money out of nothing, as well as knowing everyone’s financial state gives the big banks tremendous power? I hope the evidence I have given in this paper added to natural deduction should make every reader certain about it. There is evidence that the banks are heading towards a World totalitarian state which is probably why they helped the political totalitarians, Lenin and Hitler, to succeed. The Bankers have had some hundreds of years to learn how to hold on to power. They do it by their ability to keep in the background - to be the ‘power behind the throne’ in fact, though it has to be demonstrated to people in high places at times. They back opposing political factions and they get their agents into businesses, political parties, religious bodies, organisations like the Bilderberg Club, CFR, PNAC, Masons, trade unions, in fact in any sizeable body. In the British Parliamentary system the three parties have been well penetrated. Nobody who thinks would deny that the Tories are controlled by the City, but there is reason to believe that the same has happened with the Liberal Democrats and the Labour Party. The banks hold ‘Bilderberger’ meetings, so-called because they first took place at the Bilderberger Hotel in Holland. Tony Blair, Gordon Brown, and others in the Labour Party have attended them.

There is also the ‘Trilateral’ association between Bankers and governments, and one or two others. In short, in the Western states there is not real democracy, but plutocracies disguised as democracies and all going towards a World totalitarian system.

There is a policy to combat this evil. It is called Social Credit; this contends that every country should have full control over its own money system with the creation of credit solely exercised by public bodies responsible to the elected governments of each country.

In 1910 US government debt stood at about $1 billion or about $12 per citizen. Now, its about $15 trillion (all levels of government) or about $50,000 per citizen owed to the private owners of the Federal Reserve Bank. Government and corporate debt is inherited.

Therefore, whenever we pay taxes or buy corporate products, we pay homage to the owners of the private central banks because part of the money goes to pay interest to them.

The total amount owed – by consumers, businesses, governments and financial institutions – totaled $34.4 trillion at the end of 2003, according to the Federal Reserve. The economy produced $11.3 trillion of output. That makes the nation's debt triple its gross domestic product. In 1933, debt was about 2 1/2 times GDP, according to a study by the Gabelli Mathers mutual fund. When this pyramid collapses, we would suddenly be in a very different World. In 1929, the stock market crashed, but the gold standard held. The monetary system held. Now, we are dealing with something that's more fundamental. The only precedent I know of is the Roman Empire collapse, which ended Roman currency. That was, of course, at a time when it took about a century and a half for the breakdown to spread through the empire; now it would take a few hours.

Richard Maybury:

“Washington...has become an alien city-state that rules America, and much of the rest of the World, in the way that Rome ruled the Roman Empire.”

More on Usury: Everything We Need to Know About Usury But Were Afraid to Find Out:


Usury is forbidden to Christianity.

The Islamic equivalent is "Riba." Riba is forbidden to both the giver and taker.

Judaism forbids usury among Jews but preaches usury against the non-Jews.

Mayer Amschel Rothschild was prepared by his father to become a Rabbi. Ferociously, he deployed the teachings of unearned profit instead to multiply an embezzled fortune into the House of Rothschild — precursor to the modern,  World-wide network of central banks. The money changers of Christ's famous episode at the over-run Temple, practiced this ethic of unearned profit, and unfair trade. Fittingly, usury has been called, an abomination that makes desolation. Hence the great historic, social, and religious significance of usury. The Jews forbade  the practice of usury within their own community, while they permitted it to be practiced against outsiders. This is one of the many instances of the Pharisees having altered the revelations in open rebellion against God.

Under today’s usury system, new debt always exceeds the new money no matter how much or how little is borrowed, the total debt increasingly outstrips the amount of money available to pay the debt. The people can never, ever get  out of debt! An example will show the viciousness of this usury-debt system with  its "built in" shortage of money. If $60,000 IS BORROWED at 14% for 30 years, $255,931.20 MUST BE PAID BACK. However, and this is the fatal flaw in a usury  system, the only new money created and put into circulation is the amount of the  loan, $60,000. The money to pay the interest is NOT created, and therefore was NOT added to "money in circulation." There is therefore no way all debtors can pay off the money lenders. As they pay the principal and interest, the money in circulation disappears. All they can do is struggle against each other, borrowing more and more from the money lenders each generation. The money lenders (Illuminati Bankers), who produce nothing of value, slowly, then more rapidly, gain a death grip on the land, building, and present and future earnings of the whole working population.

Thomas A. Edison (New York Times, 6th December 1921):

"People who will not turn a shovel of dirt on the project, nor contribute a pound of material, will collect more money, from the United States, than will the people, who  supply all the material and do all the work. This is the terrible thing about  interest (usury)... But here is the point: If the nation can issue a dollar  bond, it can also issue a dollar bill. The element that makes the bond good,  makes the bill good, also. The difference, between the bond and the bill, is  that the bond lets the money-broker collect twice the amount of the bond, and an additional 20%. Whereas the currency, the honest sort provided by the Constitution, pays nobody but those who contribute in some useful way.

"It is absurd, to say that our country can issue bonds, and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the  people. If the currency issued by the people were no good, then the bonds  would be no good, either. It is a terrible situation, when the Government, to insure the national wealth, must go in debt and submit to ruinous interest  charges, at the hands of men, who control the fictitious value of gold. Interest  is the invention of Satan." "If our nation can issue a dollar bond, it can issue  a dollar bill. The element that makes the bond good makes the bill good... It is absurd to say that our country can issue $30,000,000 in bonds and not  $30,000,000 in currency. Both are promises to pay; but one fattens the  usurer, and the other helps the people."

US Constitution:

"Congress shall have the power to coin money and regulate the value thereof." This was written in the hope that it would  prevent "love of money" from destroying the Republic. "No State shall enter into any treaty, alliance, or confederation; grant letters of marquee and reprisal; coin money; emit letters of credit; make anything but gold  and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant many title of nobility." (Article I, Section 10)

We shall see how subversion of Article I has brought on us misfortune of Proverb 22:7, i.e. the borrowers have become the servants to the lenders. Note that throughout history, people with hidden agendas have always tried to confuse usury with trading and slavery with business.

T. David Horton, Chairman of the Executive Council of the Defenders  of the American Constitution, able Lawyer and keen student of basic American history:

"Under the Constitution, the Congress has responsibility  of issuing the nation’s money and regulating its value Art. 1, Sec 8, Cl. 5  … enable the Congress to resume its Constitutional responsibilities to  regulate our nation's money by liberating our economy from the swindle of the debt-money manipulators by the issuance of national currency in debt fee form ... We have a certain amount of non-interest bearing  money in circulation, all of our fractional currency, pennies, nickels, dimes, quarters, and half dollars. They are manufactured in our mints, and are  paid into circulation, circulate freely, and provide the government with a valuable source of revenue. From 1966 through 1970 the amount of  seignorage paid into the treasury by the mints amounted to in excess of  4 billion dollars; the profit ratio on this type of currency is 6 to 1, or currency  6 times the cost of production. The cost ratio for the private Federal Reserve Notes is 600 to 1; however, during these same four years, 1986 through 1970, 50 billion dollars in Federal Reserve Notes were manufactured by the bureau of printing and engraving and turned over to the banks; not one cent in seignorage was paid over to the Treasury. ... Our Debt money system compels the government to spend more than it takes in,  because this is the only way we can keep the economy going..."

Why is USURY FORBIDDEN?* (Latin usus meaning "used" and the  word usuria which means demanding in return for a loan a greater amount than was borrowed) There have been many leading figures in history who have condemned usury and the power that goes  with it. Besides those quoted, there were Benjamin Franklyn, Lord Acton, Ruskin, Dr Temple, (former
Archbishop of Canterbury), Augustus John, (the painter), Dr M.A. Phillips, (creator of M&B 693), Professor Soddy, (the atomic physicist), and others. It often helps us to understand something if we examine origins. Throughout recorded history the practice of usury, along with the practice of giving false measure, has been condemned. Aristotle and Plato in ancient Greece denounced it as well as prophets in the Old Testament and early Christians. Yeshua-Joshua, it should be remembered, drove usurers out of the Temple in Jerusalem and this played a  part in bringing about his apparent crucifixion by the Roman Pharisee  King Pailatoos (Pilates). Buddhists have condemned it and the Quran  does so as well (and probably other religious and non-religious books). While the old usurers at least lent their own money, the modern ones, the Bankers, are able to create it out of nothing.

St. Thomas Aquinas, the leading theologian of the Catholic  Church, argued charging of interest is wrong because it applies to "double charging", charging for both the thing and the use of the thing. Aquinas said that a lender charges for the loan by requiring the loan to be paid back, in other words, the payback  for the loan is the charge for the loan. Any further charge is a charge for using the loan. Aquinas said this would morally wrong in the same way as if one sold a bottle of wine, charged for the bottle of wine, and then charged for the person using the wine to  actually drink it (which is the de-facto transaction when you take the  loan and buy something with it).

*Usury* (in the original sense of any interest) is scriptually and doctrinally forbidden in many religions. Judaism forbids a Jew to lend at interest to another Jew.  It's forbidden in Islam. The most recent Catholic teaching on usury is by Pope Benedict XIV in his Vix Pervenit from 1745 which strictly forbids the practice, though given the modern day Catholic Church's own bank and investments in the banking industry, the prohibition has to be regarded as a dead letter. While Jewish law forbids the charging of interest to another Jew, Jews are not forbidden to charge interest on transactions to non-Jews. Throughout history, the interest attached to loans by Jews to non-Jews is widely considered to have been a central issue in causing a perception of usury, and contributing to a climate of anti-Semitism. Allegations of usury have been one factor leading to forceful confiscations of property and discrimination  against Jews in business practice.

Ethnic-based distinctions surrounding the application of interest charges are often perceived as pronounced,  discriminatory and unjust, and can inflame existing ethnic divisions. Usury and giving false measure has been denounced by almost every major spiritual leader and philosopher of the past three thousand years. Plato, Aristotle, Cato (De Re Rustica), Cicero, Seneca, Plutarch, Aquinas, Yeshua-Joshua, Moses and Muhammad are just a few.

Biblical Injunctions Against Usury (sample):

Exodus 22:25: “If thou lend money to any of my people that is poor by  thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury.”

Leviticus 25:36: “Take thou no usury of him, or increase: but fear thy  God; that thy brother may live with thee.”

Leviticus 25:37: “Thou shalt not give him thy money upon usury, nor  lend him thy victuals for increase.”

Deuteronomy 23:19: “Thou shalt not lend upon usury to thy brother;  usury of money, usury of victuals, usury of any thing that is lent upon  usury.”

Deut. 23:20: “Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it.”

Deut. 28:44-45: "The stranger that is within thee shall get up above thee very high, and thou shalt come down very low. He shall  lend to thee, and thou shalt not lend to him; he shall be the head, and thou shalt be the tail."

Proverbs 22.7: "The rich [usurers] rule over the poor, and the borrower is servant to the lender." Prophet Solomon’s words.

Rev. 12:9: “It's the same fatal bite of that old Serpent the Devil and Satan which deceiveth the whole World”

Matthew 25:27: “Thou oughtest therefore to have put my money to the exchanges, and then at my coming I should have received mine own with usury.

Nehemiah 5:7: “Then I consulted with myself, and I rebuked the nobles, and the rulers, and said unto them, Ye exact usury, every one of his brother. And I set a great assembly against them.”

Nehemiah 5:10: “I likewise, and my brethren, and my servants, might exact of them money and corn: I pray you, let us leave off this usury.”

Psalm 15:5: “He that putteth not out his money to usury, nor taketh reward against the innocent. He that doeth these things shall never be moved.”

Proverbs 28:8: “He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor.”

Isaiah 24:2: “And it shall be, as with the people, so with the priest; as with the servant, so with his master; as with the maid, so with her mistress; as with the buyer, so with the seller; as with the lender, so with the borrower; as with the taker of usury, so with the giver of usury
to him.”

Jeremiah 15:10: “Woe is me, my mother, that thou hast borne me a man of strife and a man of contention to the whole earth! I have  neither lent on usury, nor men have lent to me on usury; yet every one of them doth curse me.”

Ezekiel 18:8: “He that hath not given forth upon usury, neither hath taken any increase, that hath withdrawn his hand from iniquity, hath executed true judgment between man and man.”

Ezekiel 18:13: “Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him.”

Ezekiel 18:17: “That hath taken off his hand from the poor, that hath not received usury nor increase, hath executed my judgments, hath walked in my statutes; he shall not die for the iniquity of his father, he shall surely live.”

Ezekiel 22:12: “In thee have they taken gifts to shed blood; thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and hast forgotten me, saith the Lord GOD.

Quranic Injunctions Against Usury (sample):

Al-Baqarah 2:275: “Those who charge usury are in the same position as those controlled by the devil's influence. This is because they claim that usury is the same as commerce. However, God permits commerce, and prohibits usury. Thus, whoever heeds this commandment from his Lord, and refrains from usury, he may keep his past earnings, and his judgment rests with God. As for those who persist in usury, they  incur Hell, wherein they abide forever.”

Al-Baqarah 2:276-280: “God condemns usury, and blesses charities. God dislikes every disbeliever, guilty. O you who believe, you shall observe God and refrain from all kinds of usury, if you are believers. If you do not, then expect a war from God and His messenger. But if you repent, you may keep your capitals, without inflicting injustice, or incurring injustice. If the debtor is unable to pay, wait for a better time. If you give up the loan as a charity, it would be better for you, if you only knew.

Al-Imran 3:130: “O you who believe, you shall not take usury, compounded over and over. Observe God, that you may succeed.”

Al-Nisa 4:161: “And for practicing usury, which was forbidden, and for consuming the people's money illicitly. We have prepared for the disbelievers among them painful retribution.”

Al-Rum 30:39: “The usury that is practiced to increase some people's wealth, does not gain anything at God. But if you give to charity, seeking God's pleasure, these are the ones who receive their reward many fold.”

Why are usury and giving false measure forbidden (productive and unproductive)?

It causes the never ending alternation of inflation and deflation created when credit money is expanded or contracted for non-productive use. It causes people to fight to catch up to inflation. It increases the burden of debt when it is allowed to contract. The "inflation" benefits the private money-lenders since it wipes out savings of one generation so they can not finance or help the next generation who must then borrow from the money-lenders and pay a large part of their life's labor to the usurer. When the savings are gone and people are in debt, then credit and currency are contracted to increase the purchasing power that people must earn and pay to their creditors.

It makes people & companies compete for money instead of competing for markets and resources.

It encourages greed and fear of scarcity* (in fact, the job of the central banks is to create and maintain that currency scarcity) and the direct consequence is that we have to fight with each other in order to survive. Money is created when banks lend it into existence. When a bank provides you with a $100,000 mortgage, it creates only the principal, which you spend and which then circulates in the economy. The bank expects you to pay back $200,000 over the next 20 years, but it doesn't create the second $100,000 - the interest. Instead, the bank sends you out into the tough World to battle against everybody else to bring back the second $100,000.

It creates losers and winners, just like gambling and lotteries. Some have to default on their loan in order for others to get the money needed to pay off that interest. Increased interest costs automatically determine a larger proportion of necessary bankruptcies. So when the bank verifies your "credit-worthiness," it is really checking whether you are capable of competing and winning against other players - able to extract the second $100,000 that was never created. And if you fail in that game, you lose your house or whatever other collateral you had to put up.

It influences the unemployment rate and creates unemployment.

It encourages hoarding and creates Tyrants who want to control the issue of money on which they can demand interest for ever.

Today's official monetary system has almost nothing to do with the real economy. Just to give you an idea, 1995 statistics indicate that the volume of currency exchanged on the global level is $1.3 trillion per day. This is 30 times more than the daily gross domestic product (GDP) of all of the developed countries (OECD) together. The annual GDP of the United States is turned in the market every three days! Of that volume, only 2 or 3 percent has to do with real trade or investment; the remainder takes place in the speculative global cyber-casino. This means that the real economy has become relegated to a mere frosting on the speculative cake, an exact reversal of how it was just two decades ago.

It creates monetary crises. For one thing, power has shifted irrevocably away from governments toward the financial markets. When a government does something not to the liking of the market - like the British in '91, the French in '94 or the Mexicans in '95 - nobody sits down at the table and says "you shouldn't do this." A monetary crisis simply manifests in that currency. So a few hundred people, who are not elected by anybody and have no collective responsibility whatsoever, decide what your pension fund is worth - among other things.

It creates crashes. George Soros, who's made part of his living doing what I used to do - speculating in currencies - concluded, "Instability is cumulative, so that eventual breakdown of freely floating exchanges is virtually assured."

Joel Kurtzman, ex-editor at the Harvard Business Review, entitles his latest book: The Death of Money and forecasts an imminent collapse due to speculative frenzy. Just to see how this could happen: all the OECD Central Banks' reserves together represent about $640 billion. So in a crisis situation, if all the Central Banks were to agree to work together (which they never do) and if they were to use all their reserves (which is another thing that never happens) they have the funds to control only half the volume of a normal day of trading. In a crisis day, that volume could easily double or triple, and the total Central Bank reserves would last two or three hours. In 1929, the stock market crashed, but the gold standard held. The monetary system held. Here, we are dealing with something that's more fundamental. The only precedent I know of is the Roman Empire collapse, which ended Roman currency. That was, of course, at a time when it took about a century and a half for the breakdown to spread through the empire; now it would take a few hours.

It encourages people to store value in money and let the money grow instead of working, and it concentrates the wealth into the hands of the issuer of money*, i.e. the Banking Dynasties. In a non-interest money system where money would be created and issued by the sovereign government debt-free and interest-free, people would only use money as a medium of exchange and not as a store for value. That would create work, because it would encourage circulation, and it would invert the short-term incentive system. Instead of cutting trees down to put the money in the bank and make the money grow with interest, you would want to invest your money in living trees or in installing insulation in your house.

It encourages harmful economic activities with discounted cash flows. That means that under our current system it makes sense to cut down trees and put the money in the bank; the money in the bank will grow faster than trees. It makes sense to "save" money by building poorly insulated houses because the discounted cost of the extra energy over the lifetime of the house is cheaper than insulating. We can, however, design a monetary system that does the opposite; it actually creates  long-term thinking through what is called a "demurrage charge." T In  other words, we create a negative rather than a positive interest rate. What would that do? If I gave you a $100 bill and told you that a month  from now you're going to have to pay $1 to keep the money valid, what  would you do? I suppose I would try to invest it in something else. You  got it. You know the expression, "Money is like manure; it's only good  when it's spread out." In the Gesell system, people would only use money  as a medium of exchange, but not as a store for value. That would create  work, because it would encourage circulation, and it would invert the  short-term incentive system. Instead of cutting trees down to put the  money in the bank, you would want to invest your money in living trees  or installing insulation in your house.

It reduces the quality of life.* There are many examples in the past of interest-free societies in ancient Egypt, Mandarin China, Saxon Europe, Saracen Islamic empire, 1935 Germany, etc. Recent studies have revealed that the quality of life for the common laborer in Europe was the highest  in the 12th to 13th centuries; perhaps even higher than today. When  you can't keep savings in the form of money, you invest them in something that will produce value in the future. So this form of money created an extraordinary boom.

It creates inequalities and breakdown in communities, which create tensions that result in violence and wars.

It encourages wars. The private owners of the central banks provide loans for wars and collect huge amounts of interest.

It works to concentrate wealth towards an elite group of multinational  investors. Trade treaties, the IMF and World Bank were aimed at defrauding Third World countries so that the markets and banks of the First World countries could survive via economic expansion and debt transference. Most of the World’s countries have a lower standard  of living than 20 years ago!

It’s a giant pyramid scheme with the Illuminati Banking dynasties at the top, then the World's Masses at the  bottom! Nations borrow Special Drawing Right (SDR) from the International  Monetary Fund in order to pay interest on their mounting debts. With these SDR's produced at no cost, the IMF charges more interest. This, contrary to bold claims, does not alleviate poverty or further any development.

It creates a steady flow of wealth from borrowing nations to the money changers who now control the IMF and the World Bank. The permanent debt of Third World Countries is constantly being increased to provide temporary relief from the poverty being caused by previous borrowing. These repayments already exceed the amount of new loans. By 1992 Africa's debt had reached $290 billion dollars, which is two and a half times greater than it was in 1980. A noble attempt to repay it has caused increased infant mortality and unemployment, plus deteriorating schools, and general health and welfare problems. If a country cannot pay, its natural resources and other assets are sold off the pay the  interest to the Illuminati Bankers. As World resources continue to be sucked into this insatiable black hole of greed, if allowed to continue the entire World will face a
similar fate. As one Prominent Brazilian Politician put it. "The Third World War has already started. It is a silent war. Not, for that reason, any less sinister. The war is tearing down Brazil, Latin America, and practically all the Third World. Instead of soldiers dying, there are children. It is a war over the Third World debt, one which has as its main weapon, interest, a  weapon more deadly than the atom bomb, more shattering than  a laser beam." It is estimated the IMF has produced $30 billion dollars worth of SDR's so far. In the United States SDR's are already accepted as legal money, and all other member nations are being pressured to follow suit. With SDR's being partially  backed by gold, a World gold standard is sneaking its way in  through the back door, which comes with no objection from the  money changers who now hold two-thirds of the Worlds gold  and can use this to structure the Worlds economy to their further advantage.

It encourages lies, deceptions, fake-terror and propaganda by the Illuminati Bankers who want to protect their cash cow. To maintain and move forward with their cash cow, they have to project deceptive fronts of capitalism, democracy, religion and anti-Semitism behind which they carry out their plans (Orwellian tactics from the book “1984”). G. Edward Griffin explains (details later in several  sections of this book) how the owners of the privately controlled  central bank known as the US Federal Reserve use their power to create money tax-free and use their unauditable profits to acquire control over the power centers of society, i.e. those groups and institutions through which individuals live and act and rely on for their information. They are buying control over the organizations, groups and institutions that control people, politicians, political
parties, television networks, cable networks, newspapers, magazines, publishing houses, wire services, motion picture studios, universities, labor unions, church organizations, trade associations, tax-exempt foundations, multi-national corporations, boy scouts, girl scouts, you name it, and particularly over those organizations that represent  opposition to themselves. This process has gone on not only to a marked degree in America and in the other industrialized nations of the World, but it has gone on innthe underdeveloped nations to  such a degree that we would say the process is now complete. They  own these countries already. The money goes to the politicians of those countries, to their governments and the money is spent
to strengthen their power structures, their ability to control their populations. They create a well-equipped army (note the $30 billion for hiring mercenaries to train the new armies in Afghanistan and Iraq), a better bureaucracy, for total control of their subjects. That's where the money's being spent.

Horace Greely 1811-1872: "While boasting of our noble deeds, we are careful to control the ugly fact that by an iniquitous money system, we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery."

If the money is issued by a privately owned corporation, its owners benefit by causing the money amount and its value to fluctuate and causing the people to go into debt and pay interest permanently through taxes. Under the present debt-usury system, the extra burden of usury forces workers and businesses to demand more money for the work and goods to pay their ever increasing debts and taxes. This increase, in prices and wages and taxes, is called  "inflation". Illuminati Bankers, politicians and "economists" blame it on everything, but the real cause is the usury levied on money and debt by the Illuminati Bankers. This "inflation" benefits thenmoney-lenders since it wipes out savings of one generation so they can not finance or help the next generation who must then borrow from the money-lenders and pay a large part of their life's  labor to the usurer. With an adequate supply of interest-free money created by the sovereign Government, little borrowing would be required, and prices would be established by people and goods, and not by debts and usury.

The financial system that the World has evolved on is the privately owned Bank of England USURY model and it is not sustainable. It creates nearly all money as debt. Such money only exists as long as someone is willing and able to pay interest on it. It disappears, wholly or partially, innrecurring financial crises. Such a system requires that new debt must be created faster than principal and interest payments fall due on old debt. A sustainable financial system  would enable the real economy to be maintained decade after decade and century after century at its full employment potential  without recurring inflation and recession. By this standard, a financial system that creates money only through the creation of debt is inherently unsustainable. When a bank makes a loan, the principal amount of the loan is added to the borrower's bank balance. The borrower, however, has promised to repay the loan plus interest even though the loan has created only the amount of money required to repay the principal-but not the amount of the interest.

Therefore unless indebtedness continually grows it is impossible for all loans to be repaid as they come due. Furthermore, during  the life of a loan some of the money will be saved and re-lent by individual bond purchasers, by savings banks, insurance  companies etc. These loans do not create new money, but they do create debt. While we use only one mechanism-bank loans-to create money, we use several mechanisms to create debt, thus making it inevitable that debt will grow faster than the money with  which to pay it. Recurring cycles of inflation, recession, and depression are a nearly inevitable consequence. If, in the attempt to arrest the price inflation resulting from an excessive rate of debt formation, the monetary authorities raise the rate of interest, the result is likely to be a financial panic. This in turn may result in a sharp cutback in borrowing. Monetary authorities respond to bail out the  system by increasing bank reserves. Governments may also respond by increasing the public debt-risking both inflation and growing government deficits. Let's keep something in mind while reading this folks, increasing the money supply is not in and of itself a bad thing. However, the way the Fed does it is ridiculous. First of all every  dollar introduced into the economy is based on debt! New money cannot be created unless new debt is created. Second of all, the Fed year after year increases the money supply greater than the output of the economy.

Let's say the economy grows by 3% in one year. The money supply should then grow by 3% in order to not have  deflation. Does the government increase the money supply by 3%?

Nope, it increases the money supply by 4-6%. That extra 1-3% is  money that comes right out of your monetary assets’ purchasing  power, a hidden tax. This is why there has been a total of 1500% inflation since the Federal Reserve was established in 1913. Keep in mind this is LONG TERM inflation I am talking about. Not short term  inflation, which can be caused by market forces. I think short term inflation is a smokescreen for the cause of long bterm inflation as they  can easily be confused by the common man.

Laurence Ball, assistant professor of economics at Princeton University and a visiting scholar in the Research Department of the Philadelphia Fed: While economists disagree about many issues, there is near unanimity about this one: continuing inflation occurs when the rate of  growth of the money supply consistently exceeds the rate of growth  of output (of the economy). From: What causes inflation?

Money loses its value when it is created and put into circulation (spent) faster than the growth in productivity in the local economy (versus just being created and held as a reserve).

Churchill to Lord Robert Boothby: "Germany's unforgivable crime before the second World war," Churchill said," was her attempt to extricate her economic power from the World's trading system and to create her own exchange mechanism which would deny World finance its opportunity to profit.", quoted in the Foreword, 2nd Ed. Sydney Rogerson, Propaganda in the Next War 2001, orig. 1938. [A bit like what Iran will be doing soon with its bourse]

A few pence lent out at usury some twenty centuries ago would amount now, at compound interest, to more wealth than there is in the whole World, which is a sufficient proof that usury is unjust and, as a permanent trade method, impossible. The large proportion of usurious payments which are now being made on account of the impersonal and indirect character of nearly all transactions, is beginning  to lay such a burden upon the World as a whole that there is danger of a breakdown as the loans were made for unproductive purposes (such as wars) and created no new wealth. If you keep on taking wealth as though from an increase, when really there is no increase out of which that wealth can come, the process must sooner or later,  come to an end. It is as though you were to claim a hundred bushels of apples every year from an orchard after the orchard had ceased to bear, or as though you were to claim a daily supply of water from a spring which had dried up. The man who would have to pay the apples would have to get them as best he could, but by the time the claim was being made on all the orchards of the World, by the time that usury was asking a million bushels of apples a year, though  only half a million were being produced, there would be a jam. The interest would not be forthcoming, and the machinery for collecting it would stop working. Long before it actually stopped of course, people would find increasing difficulty in getting their interest and increasing trouble would appear in all the commercial World.

Now that is exactly what is beginning to happen after about two centuries of usury and one century of unrestricted usury. So far we have got out of it by all manner of makeshifts. Those who have borrowed the money and have promised to pay, say, 5 per cent., are allowed to change and to pay only 2.5 per cent. Or, by the process of debasing currency, which I described earlier in this book, the value of the money is changed, so that a man who has been set down to pay, say, a hundred sheep a year, is really only paying 30 or 50 sheep a year. A more drastic method is the method of writing off loans altogether simply saying: "I simply cannot get my interest, so I must stop asking for it." That is what happens when a Government goes bankrupt, as the Government of Germany had done. If you look at the usury created by the Great War (1914), you will see this kind of thing going on all sides. The Governments that were fighting borrowed money from individuals and promised to pay interest upon it. Most of that money was not used productively: It was used for buying wheat and metal, and machinery and the rest, but the wheat was not used to feed workmen who were producing more wealth. It was used to feed soldiers who were producing no wealth, and so were the ships and the metal and the machinery, etc. Therefore when the individuals who had lent the money began collecting from the Government interest upon what they had lent they were asking every year for wealth which simply was not there, and the Governments have got out of their promise to pay a usurious interest in all sorts of ways - some by repudiating, that is, saying that they would not pay (the Russians have done that), others by debasing currency in various degrees. The English Government has cut down what it promised to pay to about half, and by taxing this it has further reduced it to rather less than a third. The French Government, by inflation and by taxation have reduced it much more - to less than a fourth, or perhaps more like a sixth or an eighth. The Germans have reduced it by inflation to pretty well nothing, which is the same really as repudiating the debt altogether. So what we see in a general survey is this:

1. Usury is both wrong morally and bad for society, because it is  the claim for an increase of wealth which is not really present at  all. It is trying to get something where there is nothing out of which that something can be paid.

2. This action must therefore progressively and increasingly soak up the wealth which men produce into the hands of those who lend money, until at last all the wealth is so soaked up and the process comes to an end.

3. That is what has happened in the case of the modern World, largely through unproductive expenditure on war, which expenditure has been met by borrowing money and promising interest upon it although the money was not producing any further wealth.

4. The modem World has therefore reached a limit in this process and the future of usurious investment is in doubt.

Though these conclusions are perfectly clear, it is unfortunately not possible to say that this or that is a way out of our difficulties; that by this or that law we can stop usury in the future and can go back to healthier conditions. Trade is still spread all over the World. It is still impersonal and money continues to be lent out at interest unproductively, with the recurring necessity of repaying the debt and failing to keep up payments which have been promised.

Things will not get right again in this respect until society becomes as simple as it used be, and we shall have to go through a pretty bad time before we get back to that. What about that "holiday of a lifetime, thanks to a bank loan", or "those presents, bought with a credit card", or "your new car, bought on installments", or "your  nice home, with the 25 year mortgage"? All Usury. Shocked? Think  about this: that it was calculated that as recently as 1989, the  average person was spending nearly 80% of his income, directly or indirectly, on usurious payments. In other words our society is in the grip of an evil that has been condemned from the earliest recorded times. Today it is in a form so refined that most people do not even know it. Does being anti-usury mean, therefore, that we cannot own houses, or buy toys for children, or go on holiday or do the 1001 things that all do regularly? Not at all. It is quite the reverse, because in a system free of usury, prosperity grows and expands to the benefit of all - except bankers, and Stock Exchange swindlers, and loan sharks, and speculators. In other words, a usury-free society is one in which 99% of the people gain at the  expense of the 1% who exploit; while a usury-dominated society  means working for the interests of the 1%, and suffering all kinds  of hardships to make ends meet.

What is this "national debt" of which we often hear, but know little about? Has it ever occurred to you that it is found to be unusual to have a national debt when you study history? Did you know that from 1931 until 1974 Portugal had no national debt at all because it followed, between those dates, a usury-free system? The National Debt is largely government debt built up over the centuries because of usury. At any given time some 90% or more of the debt is usurious. Take, for example, the War loans raised by the British government during the First World War to finance those battleships which were lost in the Battle of Jutland in 1916 - eighty years on we are still paying interest to the Rothschild Dynasty bankers who supplied most of the 'money'. Or what about the fact that our taxes are still paying a European banking family interest on a loan of a few thousand pounds to the government for a war fought in the 18th century? So if you have ever wondered why services  are being cut back, or why taxes, direct and indirect, are constantly taking money out of your purse, or why there is no investment capital available for small and medium sized businesses, look no further. The answer lies in the fact of usury. But no political figure, and no journalist, and no "truth-seeker" is prepared to say the word, because he knows it would be the end of his career. Why? Because when you grasp the essential message of usury  - which involves the creation of money from nothing - and how  it works in the modern World, you will understand that booms and depressions, and inflation and deflation, are not freak events, but events that can be socially engineered and scientifically predicted, caused by a handful of mega-financiers.

Why will no one speak out? Quite simply, fear. Ask any of your friendly bank managers over the age of 60, who remember the times when the true meaning of usury was still known in certain quarters, about the subject of usury, and you will see fear enter the face of a man who only seconds earlier looked so powerful across his leather-topped desk. Fear for career, for his family and their future. Yes, the truth is known, but who is going to be  David against the Goliath that usury has become? Or do we have to wait until Goliath falls over once his weight has become too much to bear? In that case we will have to put society together again - and how much pain, suffering, misery, and death will that necessitate?  And will it even be possible? Maybe all this is  exaggerated? Maybe the figures show differently? All right, let's look at the figures. In 1980, according to Nobel Prize Winner for Economics, Maurice Allais, the Foreign Exchange Market registered $94 trillion. That means in simple terms  - money making money, financialspeculation, usury. By 1986  this had risen to $193 trillion. So in just six years it has almost doubled in volume. But then look in 1989, just three yearslater  - it has become $420 trillion. In other words, in just nine  years - and you remember the 1980's, don't you, when it was  "time to get tough", and institute "austerity programs" to curb public spending, and mortgage interest rates went up to 20%  - by that time the money markets, the focus of international usury, had grown by well over 400%. Note, too, that the rate  of increase of speculation is growing ever more rapidly. Between 1980 and 1986 it grew by nearly 100%, yet in half that time - 1986-1989 - it has grown by over 200%.

Yet when we look at international trade during the same  nine-year period - that is, the distribution and exchange of  real goods and services - we find that they have grown  from $7.6 billion to just $12.4 billion - not even doubled. So  usury is growing both in volume and proportion, while real trade is declining in proportion.

The explanation is simple.

Why bother going to the trouble to have a good idea, plan it, test it, bring it to production, market it, sell and  transport it, when you can make vast sums, beyond your  wildest dreams, sitting in front of a computer screen and  playing the casino known as the currency and derivatives

Home Rule for BC adds that speculation in money is becoming  known as "stratospheric money", for a couple of reasons  - it moves around the World in a flash, and it is high up  out of the reach of the ordinary person.

So who is  responsible?  The governments?

Yes, because they should  protect their people. But in today's system the Bank of England, The Bundesbank, Banca Italia, and the Federal Reserve, are no more under the control of their respective governments than is the weather on Jupiter.

What proof?

Well, here are three examples.

First, this in one of France's largest newspapers, Le Figaro, 10 Feb 90, about the  German Bundesbank:

"The mission of the German Central Bank is a classical one, but its organisation is unique. Its governing body, all-powerful, is not answerable to Parliament or to the government."

Secondly, this, published by the Federal Reserve  system:

"Congress set up the Federal Reserve in 1913. But Congress does not control it, and neither does the President of the United States." Thirdly, this, from Italian television: "When the Bank of Italy raised the interest rate in the country by 0.5%, the President of Italy went on television to tell the people that the hike had been against his wishes and those of his government, and that the Bank was seeking its own good, not that of Italy." [Home Rule for BC adds a fourth example. The Canadian  government is allowed no voting member on the Board of the Bank of Canada.]

Clearly, the men who control the banks effectively control  the World - private individuals "creating" or "uncreating"  money as they see fit, following whatever suits their interests, and without a thought for society as a whole. Heads they win, and tails you lose. Well, we’ve seen now several ways that the central banks are just acting in the interest of the Illuminati Banking dynasties, regardless of whether they are fully private, semi-private or government owned.

If the money is issued by a privately owned corporation,  its owners benefit by causing the money amount and its  value to fluctuate and causing the people to go into debt  and pay interest permanently through taxes. Under the  present debt-usury system, the extra burden of usury  forces workers and businesses to demand more money for the work and goods to pay their ever increasing debts and taxes. This increase, in prices and wages and taxes, is called "inflation". Illuminati Bankers, politicians and "economists" blame it on everything, but the real cause is the usury levied on money and debt by the Illuminati  Bankers. This "inflation" benefits the money-lenders since  it wipes out savings of one generation so they can not finance or help the next generation who must then borrow from the money-lenders and pay a large part of their life's labor to the usurer. With an adequate supply of interest-free money created by the sovereign Government, little borrowing would be required, and prices would be established by people and goods, and not by debts and usury.

Major wars/financial panic/depression/famine traced to insidious influence of usury banking.

President James Madison:

"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 the issuance of it."

War Cycles, Peace Cycles: Richard  Hoskins dropped a bomb on the literary world in 1985 with the publication of his book, "War Cycles, Peace Cycles."

The book was so poignant and controversial that references  to it were made in nearly every major newspaper from coast to coast at the time, and its message was vilified  especially by the banking community. Efforts at first lambasting, then later suppressing this work (when it  became evident that the public was intrigued by its  message) were the order of the day when the book first shocked readers in the mid 1980s. Since that time the book has undergone numerous printings, with the last print run in 1991 being snapped up by a large, unidentified consortium which took the books off the market. Repeated attempts by this writer at locating a copy of this seminal work came up short every time until recently. Much to my surprise and delight I discovered that another print run was made of Hoskins' classic book in 2000, the first re-publication in nearly a decade. I read every page voraciously and loved every morsel. I felt compelled to share this information with Gold-Eagle readers since no other book I've encountered comes close to isolating the root of our modern-day economic problems than this one, and none offer more practical and effective solutions than Hoskins.

According to Hoskins, every major war, financial panic, economic depression, and famine in recorded history can be traced to the insidious influence of usury banking. Moreover, these devastating events recur with cyclical regularity that can be charted and predicted. While natural, geo-cosmic influences may account in part for these cyclical occurrences, Hoskins maintains that they are mostly attributable to central banking influences. Starting with this premise, Hoskins takes the reader on a journey that winds its way through nearly 4,000 years of history to our present day all within the short space of 300 pages. All along the way the presence of usury banking makes its appearance. For instance, Hoskins points out that history records the first known use of creditor IOUs - is created from nothing is found in the ancient ruins  of Babylon and perfected by the priests of Baal. The whole  concept of usury, or of lending money with interest, invented at that time remains unchanged today. Hoskins boils it down to lending 10 talents of money and demanding payment of 11 talents when there are only 10 talents in circulation. Usury contracts drawn up then stated that the borrower was to pay his debt in "talents" only, but the problem is and always has been that the central bank-created money supply is always finite while compound interest is theoretically infinite. Little has changed since then, Hoskins says, as today's high priests of finance are the world's central banks sitting in their temples of mammon, the modern progeny of the money-lending priests of Baal.

Hoskins refers continually to the ancient common law prohibition against usury while painting his sordid picture of the history of the effects of usury upon any given nation. He catalogs an extensive list of biblical references that strictly condemn the lending (or borrowing) of money at interest: "Thou shalt not lend  upon usury to thy brother." (Deuteronomy 23:19): "He that by  usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor." (Proverbs 28:8): "The
borrower is servant to the lender." (Proverbs 22:7): "Owe no man anything but to love one another." (Romans 13:8): Had people throughout history heeded these warnings about avoiding taking on debt  with interest attached to it, untold wars, revolutions, conquests, famines, and financial panics could have been averted, Hoskins contends. One of the first consequences of a usury-based financial system, according to Hoskins, is heavy taxation. Hoskins contends  that "The only thing that has kept the usury system operating through the ages is taxation." The only time heavy taxation is  not needed is when there is no usury system." This is done to keep the money supply moving and to prevent severe inflations and deflations due to hoarding or over-printing. The next consequence of having a usury system is war, says Hoskins. This is the first phase  of the "War Cycle, Peace Cycle" which the book is titled after. According  to Hoskins, "hot" wars are typically fought near the trough of the War/Peace Cycle and are waged only as a desperation measure to stimulate an economy suffering from the effects of deflation (a consequence of usury). They tend to have the effect of providing a short-term stimulus to the economy since new money has to  be borrowed into existence in order to fight the expensive battles and industry is provided an excuse to begin operating at full capacity again. This is followed by a "peace" phase of non-aggression, completing an idealized cycle of approximately 50 years from trough  to trough. Hoskins identifies his War/Peace Cycle with the 50-year  "Jubilee Cycle" mentioned in the biblical book of Leviticus. Without the plague of debt with compound interest attached, there could be no "War/Peace Cycle," says Hoskins.

Another consequence of having a debt/usury-based monetary  system according to Hoskins is a declining birth rate.*  When typical 6% interest rates begin compounding debt over time, due to the lack of enough money to pay the existing debts, the debt-plagued native population of a given country stops reproducing due to the heavy cost of living. This in turn leads to the influx of immigration of foreign peoples. Hoskins states that mass immigration is an absolute necessity for any usury-based system since new money must always be borrowed into existence and the money system was continue to operate at all costs. Immigrants represent new, debt-free borrowers and bank customers. Yet another result of a usury system is the complete slavery at some point when the knaves cannot pay their debts. Hoskins maintains that every instance of slavery abolition in recorded history can be traced to the influence of a banking systems which must keep the money system circulating at all costs.

Hence, slaves are abolished whenever the economy begins to contract and fresh new borrowers are needed to get the wheels of commerce rolling again. Writes Hoskins: "I have never encountered a case in history where slaves were freed en masse for humanitarian reasons. First usury causes high prices (inflation), then heavy debts, a landless people, lower birth rates and declining population, and finally immigration of new peoples needed to borrow money into existence and pay taxes, or slaves are emancipated to achieve the same object." As Hoskins relates, a debt-free potential borrower is of far greater value than a heavily indebted native citizen.

Hoskins' grasp of economic history is astounding. The  reader is treated to many nuggets of his wisdom and he presents amazingly simple, yet profound, solutions to modern economic problems based on his learning. Perhaps the most profound chapter in his book is the chapter entitled "Tallies & T-Bills." Hoskins takes the reader back to the year 1100 A.D. when Henry I, fourth son of William the  Conqueror, ascended the throne of England. Finding the  treasury empty and his needs great, he cast about for a source of income. Having wise advisors he soon hit on a  plan. The plan, with a few refinements, remained in effect for the next 726 years and is so simple and workable that it can be reinstated tomorrow. He issued "tallies." Quoting Hoskins  at length, he writes: "A tally was a stock about nine inches or so long with each of the four sides about ½ inch wide. On two of the sides, the value of the "tally" was carved into  the wood.

On the other two sides, the amount was printed  in ink. "The tally was then split in half lengthwise. One  half remained in the treasury and the other half was given  to soldiers for their pay, to farmers for wheat, to armorer for armor, and to laborers for their labor. "At tax time,  taxpayers were required to bring in one half of a tally to  pay their taxes. Woe unto the man who did not have the  required number of tally sticks. As a consequence, these intrinsically worthless sticks of wood were in great demand. Gold and silver coins were fine if you traveled abroad for a crusade or something, but at home if you did not have your tax-tally at tax time-you were done. "Upon receipt of a tally the treasurer would immediately match the presented half with the half stored in the treasury. They had to tally-which is what gave it the name. Counterfeiters lost their heads!

Actually, it was practically impossible to counterfeit a tally.  The wood grain had to match-the notches had to match-and the ink inscriptions had to match. This could only come about if both pieces came from the same split tally stick. "There you have it! An inexhaustible source of revenue for the government. The means were available to make tallies as long as there were trees. There was a demand as long as the government required the tallies for taxes. The system flourished as long as tax-evaders and counterfeiters were punished, and they always were. For  726 years the system flourished."

Hoskins points out that government "tally" money and "usury" money cannot exist side by side.

Tally-money makes usury-money look bad because it stays constant, while usury-money expands and contracts. The advent of usury-money spelled the death of the tally. The process began with the Bank of England being chartered in 1694 and continues today with the Federal Reserve banking system. Writes Hoskins, "The government has the right to make money. It can do so whenever it chooses. In the  United States the government has authorized the Treasury to  create Treasury Bills. These bills are created out of thin air, but they are no less real than the wooden tallies of our ancestors.

The government doesn't need to borrow money from the  banks of the Federal Reserve and have a debt of over a trillion dollars. It can make money instead. All it has to  do is MAKE T-Bill tallies in denominations of $1, $5, $10, $20  $50, $100, and $1000. Then it can spend them for needed government services, and tax them out of circulation again. Our ancestors did it for almost three-fourths of a thousand  years."

Hoskins presents a modified system of the tally system in his book as a model to help relieve beleaguered towns and municipalities during times of economic depression when no money is available in the Fed-controlled economic system. He advises the printing of localized "scrip" for use as a monetary medium for payments of goods and services and taxes. With careful planning and organization, he  maintains this plan can be put into effect with only minimal costs. He documents several instances in recent history when such systems were used effectively. He also provides excellent words of advice for the individual or family suffering under the burden of crushing debts. His advice on this subject is worth the price of the book alone.

In 1985, Hoskins' book announced that South Africa, at  that time the warmest friend the U.S. had in Africa, would  be turned into an enemy. This occurred one year later. The  book projected that the Arab oil-producing world would be  the next war target-for different economic reasons. This prediction, too, has come to pass. Massive bank  consolidations were predicted, reducing the total number  worldwide. Open immigration was envisioned as a practical  economic necessity. Now, every locality has its immigration problems. Other things have not yet come to pass-things like widespread municipal bond failures, a massive stock market collapse, widespread famine, a crackdown on dissidents, rampant civil disobedience, a
religious revival, and an invasion of America by foreign armies. Logically, these things should also come in time. If they do, America will be very, very different from what it is today.

President James Madison:

“If tyranny and oppression come to this land, it will be  under the guise of fighting a foreign enemy.”

Vincenzo Vinciguerra stated, in sworn testimony on Operation Gladio in Europe:

"You had to attack civilians, the people, women, children, innocent people, unknown people far removed from any  political game. The reason was quite simple: to force ... the public to turn to the state to ask for greater security."

Former Italian President Francesco Cossiga:

"[Bin Laden supposedly  confessed] to the Qaeda September [attack] to the two towers in New York [claiming to be] the author of the attack of the 11, while all  the [intelligence services] of America and Europe ... now know well that the disastrous attack has been planned and realized from the CIA American and the Mossad with the aid of the Zionist world in order to put under accusation the Arabic Countries and in order to induce the western powers to take  part ... in Iraq [and] Afghanistan."

President Dwight D. Eisenhower in a televised speech 1961:

“We annually spend on military security more than the  net income of all United States corporations. This conjunction of an immense military establishment and a large arms  industry is new in the American experience. The total  influence -- economic, political, even spiritual -- is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our  toil, resources and livelihood are all involved; so is the very  structure of our society. In the councils of government, we must  guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endangern our liberties or democratic processes.”

John Swinton New York journalist at a banquet (1880’s):

"What folly is this, toasting an independent press? There is no such thing, at this date of the World's history, in America, as an independent press. You know it and I know it. There is not one of you who dares to write  your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish  as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalists is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of Mammon [Biblical ref.], and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press? We are the tools and vassals of “rich men” [Biblical ref.] behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes."

J. Edgar Hoover, FBI Director 1924-1972:

“The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists”.
(quoted in The Elks  Magazine,August 1956).

Thomas Paine:

"It is the duty of the patriot to protect his country from its [corrupt feudal] government."

Mark Twain:

“Each of you, for himself, by himself and on his own responsibility, must speak”.

President Abraham Lincoln:

“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”

George Orwell:

“In a time of universal deceit, telling the truth is a revolutionary act.”

Aldous Huxley:

"It is perfectly possible for a man to be out of prison, and yet not free - to be under no physical constraint and yet to be a psychological captive, compelled to think, feel and act as the representatives of the national state, or of some private interest within the nation, wants him to think, feel and act. "The nature of psychological compulsion is such that those who act under constraint remain under the impression that they are acting on their own initiative. The victim of mind-manipulation  does not know that he is a victim. To him the walls of his prison are invisible, and he believes himself to be free. That he is not free is apparent only to other people. His servitude is strictly objective." (Brave New World Revisited, 1958)

Daniel Boorstin:

"The greatest obstacle to discovery is not ignorance ~ it is the illusion of knowledge."

"Zionism is but an incident of a far reaching plan" said leading  American Zionist Louis Marshall, counsel for bankers Kuhn  Loeb in 1917.

"It is merely a convenient peg on which to  hang a powerful weapon."

The far-reaching plan is Illuminati world dictatorship. The Illuminati is the highest echelon of Freemasonry, an occult secret society dedicated to Lucifer. The world's central bankers have intermarried with the richest dynastic families of Europe and America to bring about world hegemony. They instigated wars and depressions to degrade and destroy humanity. The American people have been financing their wars since 1914.

Social Credit and Lincoln "Greenback" Treasury Money:

One of the more unusual places where you will find Social Credit theory is in the American "Greenback" movement. Popular among conservative extremists (your average Michigan Militia member for instance) the Greenback movement holds many of the same principles as Social Credit: especially when related to how governments finance spending. To quote a typical Greenback website:

"Abraham Lincoln... declined to pay the bankers' interest on funds he could create on his own, and printed his famous Greenbacks. He was shot in the head. So, for that matter, was President Kennedy, whose assassination apparently brought to a halt the program, then underway, to reissue United States notes. Bloodshed notwithstanding, wouldn't it be fiscally sound for the U.S. to finance itself directly from the printing press, instead of indirectly, by borrowing? It's called the "social credit" scheme."*

In short, the Greenbackers' contend that the government does not have the right or the need to borrow money, and should finance its spending by just printing it (this, conveniently enough, would mean that these people
wouldn't have to pay taxes anymore :)