“The Money Myth Exploded”

“The Money Myth Exploded” was one of the first articles of Louis Even, and remains one of the most popular to explain how money is created as a debt by private banks. It is available in the form of an 8-page leaflet (tabloid format) that you can order from the “Michael” office, in several languages: English, French, Spanish, Italian, German, Polish, Portuguese.

1. Shipwreck Survivors:

An explosion had blown their ship apart. Each one grasped the first bit of wreckage that came to hand. And when it was over, there were five left, five huddled on a raft which the waves carried along at their will. As for the other victims of the disaster, there was no sign of them.

Hour after long hour their eyes searched the horizon. Would some passing ship sight them? Would their make-shift raft finds its way to some friendly shore?

Suddenly a cry rang out: “Land! Look! Over there, in the direction the waves are carrying us!”

And as the vague silhouette proved itself to be, in fact, the outline of a shore, the figures on the raft danced with joy.

They were five. There was Frank, the carpenter, big and energetic. It was he who had first cried, “Land!”.

Then Paul, a farmer. You can see him, front and left in the picture, on his knees, one hand against the floor, the other gripping the mast of the raft.

Next is Jim, an animal breeder; he's the one in the striped pants, kneeling and gazing in the direction of land.

Then there is Harry, an agriculturist, a little on the stout side, seated on a trunk salvaged from the wreck.

And finally Tom, a prospector and a mineralogist; he is the merry fellow standing in the rear of the picture with his hand on the carpenter's shoulder.

2. A Providential Island

To our five men, setting foot on land was like returning to life from the grave.

When they had dried and warmed themselves their first impulse was to explore this little island on to which they had been cast, far from civilization.

A quick survey was sufficient to raise their spirit. The island was not a barren rock. True enough, they were the only men on it at the moment. But judging from the herds of semi-domesticated animals they encountered, there must have been men here at some time before them. Jim, the animal breeder, was sure he could completely domesticate them and put them to good service.

Paul found the island's soil, for the most part, to be quite suitable for cultivation.

Harry discovered some fruit trees which, if properly tended, would give good harvests.

Most important were the large stands of timber embracing many types of wood. Frank, without too much difficulty, would be able to build houses for the little community.

As for Tom, the prospector, well, the rock formations of the island showed signs of rich mineral deposits. Lacking the tools, Tom still felt his ingenuity and initiative could produce metals from the ores.

So each could serve the common good with his special talent. All agreed to call the place Salvation Island. All gave thanks to Providence for the reasonably happy ending to what could have been stark tragedy. (snip) ...

Read the complete document: "The Money Myth Exploded" at this website:
http://www.michaeljournal.org/myth.htm

The Evil of Usury

"The rich ruleth over the poor, and the borrower is servant to the lender" -- Proverbs 22:7

"Alas, the above is only too true today as it was when formulated. The rich rules over the poor -- an ages long fact. The borrower is servant to the lender -- and what is the method used by the lender: the insidious system of usury. The whole case against usury is too large to cover in the space of an article so the following is a concise and brief explanation of the workings of this fraudulent system.

For the many readers who are aware of these little-known facts, the following will serve as a timely reminder and hopefully, an incitement, to inform the many innocents who are daily losing their farms, houses and businesses as a result of this unjust system. Even more urgent is the need to educate the young before they embark on a future relationship with their bank or financial institution. There is no turning back once those loan papers have been signed: you are trapped right up till the day you pay it off.

For the readers who have never been fortunate to know the following, they may well be shocked and even angry. They will be angry at the banks, the Establishment that permits such a swindle, and in fact, thrives off such a swindle.

Money

"For the love of money is the root of all evil" -- II Timothy 6:10

"The most sinister and anti-social feature about bank-deposit money is that it has no existence. The banks owe the public for a total amount of money which does not exist. In buying and selling, implemented by cheque transactions, there is a mere change in the party to the whom the money is owed by the banks. As the one depositor's account is debited, the other is credited and the banks can go on owing for it all the time.

"The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.

"This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump.

"There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative." -- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.

As the above makes clear, banks are able to manipulate "money" using various methods like the debiting of one account and the crediting of another, and so on, thus "balancing" the accounts. Banks also "create" money in more ways than one, through a trick that will be looked at later on.

Economists use the term "create" when observing the process by which money comes into being. Thus, creation means making something that did not exist before.

A sawmill makes boards, workers build houses from timber, a glass-blower makes fancy glass ornaments. In these examples, they did not "create", but converted already existing materials into a more usable, and thus more valuable form.

However, money "creation" is somewhat different. Here, and here alone, man "creates" something out of nothing. Pieces of worthless paper are printed, given various denominational values, which can be used to purchase, for example, a glass ornament. Its value (of the money, or piece of paper) has been "created" literally out of thin air.

As we can see from the above, manufacturing money is dirt cheap, and whoever does the "creating" and issuing stands to make impressive profits.

The Supply of Money

"Let me issue and control a nation's money and I care not who writes its laws" -- Attributed to Mayer Amschel (who later changed his surname to Rothschild and founded the largest financial dynasty ever to exist in its influence and power).

The proper use, distribution and supply of money is of vital importance to the efficient running of society. Modern societies are completely reliant on an adequate supply of money.

Without money, industry would grind to a halt, farms would become mere self-sustaining units, surplus food would disappear, jobs requiring one or more workers would remain unfinished, transport of all goods would cease, hungry populations would kill and steal to stay alive, and government would collapse leading to complete anarchy. It is not hard to imagine the catastrophic conditions created if money was to completely vanish.

Money remains the life-blood of society; money flows throughout society just as vital nutrients flow throughout the body, giving sustained growth, development and vitality.

Money is the method by which goods and services are exchanged; remove money or hamper supply and the results will be disastrous. We need only recall Australia's Great Depression of the 1930's.

Bankers Depression of the 1930's

Australians all know about the Great Depression and the extremely hard times it brought about; but what of its causes?

In 1930, Australia did not lack industrial capacity, fertile farmland, or skilled, industrious and willing workers, residing in both the city and country. Already, extensive systems of reasonably efficient transport and communications were in place. War had not ravaged the cities or countryside, nor had famine devastated the land and its population. The one thing that industry and commerce lacked was a sufficient supply of money.

In the early 1930s, Bankers, who were the only source of new money or credit, deliberately refused loans to industry, commerce and agriculture. However, payment on outstanding loans was demanded, which led to a rapid decrease in the circulation of real money.

This caused a complete standstill; jobs could not be done, goods and services could not be purchased. This ploy by the greedy Bankers placed Australia in the Great Depression of the 1930s, and moreover, placed extensive amounts of businesses, private dwellings and farms in the hands of these same Bankers.

The people, not understanding the system, were in a helpless position, and were cruelly robbed of their hard-earned savings and property; they were told things like "times are hard", "money is short", "everyone is suffering." These same statements come to mind when recalling them being made during Australia's recent so-called "recession".

This was "a 'recession' we had to have," the politicians proclaimed; and one I'm sure the banks loved to have. If you should have the opportunity, a check on how the banks faired during the so-called "recession" will reveal sustained and increased profits, with an abnormal increase in acquired property assets!" (snip) ...

Read this complete article at this website:
http://www.biblebelievers.org.au/usury.htm

Freedom from Usury

by Jason Hommel

"Last week, I wrote an article, "Usury Enslaves". In this article I will discuss what I feel is the solution to the problem of usury. I will discuss how and why society will benefit from the freedom from usury, and I will discuss how to become free individually.

The bankers today extract usury and pile up wealth. The Federal Reserve is the greatest banker of all. Under this economic system of usury that enslaves, people are deprived of their wealth and productive capacity through excessive income taxes and inflation, and thus, we have a large welfare state for the poor. We have social security, and increasingly, socialized medicine, too. This is why usury is so bad. Like slavery, it destroys incentives for productive work, and it fosters socialism and communism. Government give-away programs do not compensate for the theft. The incentive to produce is lost in the process.

In the United States, slavery is illegal. In the United States, extortion is illegal. But usury is legal. It's quite a contradiction.

Would the economy come to a halt without usury? If you think about it for a while, I'm confident that you will conclude, as I have, that there is no economic reason to need usury. Each and every type of economic transaction that would be required for a normal and healthy economy can be conducted without resorting to usury.

Imagine if you could not lend. This would not prevent you from making investments, such as buying stock, nor would it prevent you from accumulating capital. You could still buy land, labor, commodities, and buy whatever you wanted to produce things to sell and make more money. You could hire all the managers you wanted (without resorting to enslaving them). Or, you could hold on to your money in the form of honest gold and silver. If there were no bonds, competing for investment dollars with stocks, what do you think would happen? Would that have a positive or negative effect on the stock market? Of course, it could be only positive for the stock market. Capital, therefore, would be more freely available to entrepreneurs, (managers of publicly traded companies) not less available.

Bonds literally siphon money away from productive enterprise. It lures money into funding bad government programs, or bad management decisions created by overly greedy entrepreneurs who are trying to take short cuts with their business growth plans.

It is interesting that even the word "bond" is related to the word "slavery". Slaves are kept in bonds.

Without the alternative of investing in bonds, wealth creation would undergo a boom, as a nation of free men went to work for themselves, instead of a nation of slaves dragging their feet under economic oppression (bonds) as we have today.

Imagine if you could not borrow. You would have to live beneath your means. The entire nation would be forced to be savers and/or investors. You would have no need whatsoever to worry about any "credit rating," because borrowing would simply not be an option. You would have to live with your parents, or with your friends, or in a shelter until you could save enough to be able to buy, or build, your own home. (Another option might be that you could live in a tent until the time came to afford a home.) Such a way of life would surely create within a person the incentive to work. It would create the incentive among young people to work hard to obtain their freedom from their parents that home ownership gives.

And of course, without usury, and without excessive home loans available to buy homes and land, then land prices would be extremely cheap compared to today. Most people today pay up to three times the sale-price of their home as a result of a 30-year loan at interest, due to the interest alone. And with land grants, you might get land for free, just as the Israelites did, and just as those who settled the West in the U.S.A got free land. Without debt and without usury, you would probably pay less than 1/10th as much as people pay for homes today.

With home prices less, and land values less, commercial real estate would cost less too. What business would not be more able to prosper if land cost less? Indisputably, it would help all businesses, except for the real estate speculator, who rides the wave of excess and economic distortion created by the class of usurers.

And if businesses would be helped due to lower land prices, and more money available to invest in businesses (without the competition of bonds), then the economy would be greatly helped.

But usury is not even required by those who loan money in the first place! Shocked? It's true. For over 100 years the United States was on a gold standard, and productivity of society increased, and prices decreased. Therefore if you loaned out money at zero interest, then by the time you received your money back, you could buy more with your money due to the constant price deflation, and improved economy!

It is said that those who loan money need the interest due to inflation and due to the time value of money. But this is like saying criminals need to commit crimes in order to make money, so it's ok! No, it's not ok. No, inflation is not a given. And no, money tomorrow certainly can be worth more than money today if society is using honest money.

So, what about banking? Banking, as practiced today, is a criminal monstrosity of the ugliest proportions. The reality is that the Bankers have been bankrupt ever since they thought they needed a central bank to bail them out. Depositors (the lenders) are told lies, that they can withdraw their money at any time, but the reality is their money is loaned out. If people want to invest their money in an enterprise, they should be free to do so on their own. There is no need to resort to trickery and fraud to take their money away from them through this banking scheme that has developed.

Why should depositors be paid 2% and the bankers loan the money out at 4% and let the bankers pocket the difference? If the bankers are the middle men, let the bankers be paid as middle men, and let the bankers collect a small commission as they introduce the depositor (capitalist) to the borrower (business), and let the depositors invest like everyone else if they want to invest. At least this would be an honest transaction, and an honest way to do business to "put the money to productive use".

Appeals to greed, envy, and lust, (along with lies and misinformation) are the primary means to attempt to justify banking. People greedily and falsely assert that capital goes to waste if it is not loaned out and put "to productive use". As if a loan is the only way to put money to use! And as if investing and saving are not valid alternatives!

But capital (gold and silver) that is hoarded is being put to productive use. First, it makes all the rest of the capital that exists that much more rare, and thus increases the value of the rest of the gold and silver in circulation. Second, the side effect of hoarding gold, which makes gold more valuable, is to stimulate the production of more gold through mining and industry, which provides jobs, and creates more wealth. Yes, even hoarding gold provides jobs and creates more wealth!

Yet mining is disparaged as a waste of time when money can be produced so efficiently with a printing press. So, what use is it to spend so much time and energy to mine precious metals in the fist place? What societal benefit is there to creating a gold boom through lack of gold and hoarding? Gold keeps men honest. Gold and silver force honesty in economic transactions, whereas paper money is economic fraud, an abomination, an unjust weight and measure, oppressive, unjust, counterfeit, and criminal. Any industry that forces the rest of men in society to behave honestly (and without the use of force or threat of force) is the most valuable industry that a productive society can have.

Therefore, hoarding gold boosts the value of gold, stimulates mining, and increases the honesty of society. None of that can be bad except in the eyes of the man who has set his eyes to envy the hoarded (and so-called unproductive) gold of the honest man.

I do not think that if depositors owned their banks, as Tlaga suggests, that it would solve the problem. The problem is usury, and that problem does not go away simply if ownership of the debts is changed.

So, how could society eliminate the problem of usury? Surely the failed war on drugs has shown us that making an activity illegal does not stop the activity from happening. Therefore, I certainly do not suggest making usury illegal, nor do I suggest the prosecution of people who decide to engage in borrowing or lending at interest. There is simply no need to make it criminal at law to engage in the criminal act of lending at interest or borrowing at interest. I'm not suggesting that government force be used to force my economic ideas on the rest of the population.

Society and government could eliminate usury very simply and easily by refusing to recognize the validity of usurious contracts when it comes time to call on government help (the appeal to a judge) for enforcing them. Loan sharks, (shady underworld types who loan at extremely high interest rates), cannot appeal to government help when it comes time to collect, so why should any other lender at interest have that ability?

The government already refuses to recognize contracts of fraudulent nature. Contracts engaged under duress are not enforced. Contracts for slavery are not enforced. Therefore, there is no reason that government should enforce contracts containing a usury clause.

Judges are supposed to establish justice. Usury is not just, nor is it good for society, it's as simple as that.

Lucky for those living in the United States, we already have a system very similar (if not identical) to the one I propose, but very few people take advantage of it, although more and more are doing so every year. Bankruptcy judges are the highest judges in the land; they overrule all others. And almost anyone can wipe their debts clean with a simple appeal and declaration they wish to be free from debt. Supposedly, you can only declare bankruptcy every seven years. Interestingly, and I do not believe this is a coincidence, slaves were to be set free every seven years according to Bible law. (Deut 15:1-3) Doesn't that help prove the point that being in debt is like enslavement? If you are in debt, you can claim your freedom by declaring bankruptcy.

What I am proposing is certainly a radical idea. Some will condemn it as immoral, because they will feel people should live up to their agreements to pay back debt. Others will say what I'm proposing is immoral because restricting lending would be restricting the freedom to engage in lending money.

So, to rebut such claims, I have to establish whether or not there is a solid moral justification for improving society through freedom from usury. I believe there is. It is contained within Jewish law, Islamic law, and also Christian doctrine. Since most Americans are of one of many different Christian religions, and since Christianity is my religion, I will focus on Christian doctrine for the next two paragraphs of this essay, and how it relates to the topic of borrowers and lenders at usury.

Surely some sincere Christians will want to know if all the Old Testament laws against usury even apply to them anymore, since they may feel that the old laws were abolished, and that now, Christians have freedom in Christ. Yes, let's focus on that freedom, shall we? Paul writes in 1 Corinthians 7:23, "You were bought at a price; do not become slaves of men." I think that's clear enough that Christians must avoid going into debt, and avoid usury. Furthermore, you are in debt, you are "serving money," because servicing the loan has become a requirement of you. Being in debt means you have a new master, as you have enslaved yourself through usury to something other than God. A Christian cannot have two masters. Avoiding debt usury means no home loans, no car loans, and no credit card loans.

But can Christians loan money at interest to others? I think this issue is more strict for a Christian than for a Jew, since Christians are commanded to love their enemies, and are commanded to bring freedom and the gospel to mankind. Therefore, a Christian cannot really loan money at interest to a foreigner (whereas there is allowance for a Jew to lend to a foreigner). Yes, I'm saying that I believe it is most likely immoral for a Christian to own a checking account bearing interest, or to own a savings account bearing interest, or to invest in a CD, or to own a Treasury Bill, or any Bond. And yet, few Christian denominations (except the Amish who don't use social security numbers) will preach that it is immoral to have a savings account bearing interest, even though the process of doing so would make one a usurer. It's more widely recognized that Christians are not to engage in criminal activity, fraud, or extortion. (Usury is compared to extortion in Ezekiel 18.)

A few months ago, I was getting ready to write an article rebuking and chastising bond-holders as being deceived fools for holding a paper promise to receive more paper. Today, however, I realize that's high praise compared to my views now. Now, I realize bond-holders are usurers. Therefore, I feel no pity for their increasing losses as the dollar collapses. They get what they deserve as the bond market collapses, and gold and silver rise in value.

For anyone who is in debt, I would recommend that you declare bankruptcy. If you have a home loan, put your home up for sale, pay off the loan, take the equity, and buy physical silver, and rent or live with friends or family in the meantime. One day, you should be able to buy a house with a "bag" of $1000 face value 90% silver coins dated 1964 or earlier. In 1980, a "bag" of 90% junk silver sold for about $25,000, at $35/oz., which could have bought a modest home. Today, you can buy such a bag for under $5,000.

For the banks, I would recommend that they declare bankruptcy too. Go away, banks, and leave our society alone. "Laissez faire!" We're better off without the banks enslaving our people at usury. We don't have laissez-faire capitalism as long as the government is enforcing fraudulent debt contracts at any interest rate.

If you want to get out of bonds, and invest into a productive enterprise that will help to solve the problem of the scarcity of silver, you should consider investing in silver stocks. The rate of return isn't guaranteed, but it's been a spectacular 314% for the year 2003 for an average of 80 silver stocks. That's right, three hundred and fourteen percent gains for 80 silver stocks, on average, in 2003. That's not a misprint." (snip) ...

This article is originally published at this website:
http://silverstockreport.com/essays/Freedom_from_Usury.html

Jason Hommel produces a free weekly silver stock report on 90 silver stocks. To receive this free report in email, sign up at http://www.silverstockreport.com

Seventh Annual UsuryFree Day & Week

Historically, the term “usury” was commonly used instead of “interest.” For a very long time, creditors (bankers) have been exacting usury on money loaned to debtors.

In this 21st Century, “interest” which ought to be correctly identified as “usury” permits the creditors (bankers) to legally exploit the debtors, keeping them in debt bondage for generation after generation.

For lack of knowledge about the truth of money creation, debtors rarely question the evil and immoral aspects of the design flaw of usury as it is applied to our orthodox, economic system of debt money.

According to all of the conventional Holy Books any rate of usury (interest) above 0% is truly forbidden and unacceptable. During the 20th Century, many of the elder and experienced Socreds explained the evil and immoral aspects of usury by relying on these two statements of fact: (1) “Money cannot have babies.” (2) “Usury or interest is theft.”

It is unfortunate that as we progress into this 21st Century, the majority of debtors have been conditioned to accept that the word “usury” applies only to excessive rates of “interest” - above the legal limit of 60% in Canada. However, in reality, any rate of usury or interest above 0% is truly evil and immoral.

There was “Life Without Usury” during the Middle Ages when the practice was banned and both creditors and debtors were given 30 days to cancel and loan contracts that permitted the creditor to exact usury from the debtor or face execution.

This brief communication is designed to inform and/or remind readers that the forthcoming, Seventh Annual UsuryFree Day/Week is scheduled to occur from November 13th to 19th, 2011. Usuryfree creatives and becoming usuryfree creatives are invited to make plans to host local events to help celebrate this Seventh Annual UsuryFree Day and Week.

Readers are invited to review the details and happenings of the six previous UsuryFree Weeks. Simply type in “UsuryFree Day” or “UsuryFree Week” at any search engine and browse the postings.

The next step is to assume a leadership role and commence making plans to host a local event to celebrate the forthcoming Seventh Annual UsuryFree Day and Week from November 13th to 19th, 2011. This event would be scheduled at a mutually convenient time and place on any day or evening during the Seventh Annual UsuryFree Week.

Keep these events simple and informal. The focus during UsuryFree Week is (a) to expose the lies, deceit and deceptions about our orthodox, economic system of usury-based, debt money and (b) to offer solution-oriented, economic alternatives such as implementing a usuryfree community currency within our respective, local communities.

Please forward details of any planned events for this Seventh Annual UsuryFree Week by sending an email to: tom@cyberclass.net with “Seventh Annual UsuryFree Week” in the Subject line.

Enjoy this day!
Tom J. Kennedy aka “Tommy UsuryFree Kennedy”
The UsuryFree Network, P. O. Box 9333, Ottawa, Ontario, Canada K1G 3V1

PS: Donations to help fund events for this Seventh Annual UsuryFree Week are welcomed. Any donations can be forwarded to The Family Life Foundation if an official receipt is required.

Family Life Foundation, 6 Kings Inn Trail, Thornhill, Ontario, Canada L3T 1T7
http://www.flfcanada.com

If no receipt is required, the donation can be forwarded directly to the UsuryFree Network at the above mailing address.

NOTE: Read about the previous Winged Lion Awards and if you can suggest/nominate a worthy candidate for a Winged Lion Award in 2011, please forward details to: tom@cyberclass.net with “Winged Lion Award” in the Subject line.

Hidden History of Money-Usury Secrets

This document of 700+ pages was first compiled and published in 2009 by Alexander James. In the "Dedication" Alexander James writes: "This book and CD are dedicated to PRO-TRUTH and ANTI-LIES seekers. It is a product of my desire to understand the invisible forces controlling the world, and to share this knowledge of truth."

The content of this book is now available at this website:
http://www.scribd.com/doc/60808848/Hidden-History-of-Money-Usury-Secrets

NOTE: Worthy of bookmarking and keeping for future reference.

Water Crimes, Stockwell Day plus more ...

"The surprising announcement that former Canadian politician, Stockwell Day, has joined one of the McMillan/Lang Michener Gang, a major Canadian law firm that is a defendant in the Water War Crimes lawsuit, comes as no surprise to the readers of the Water War Crimes web site.

Although Stockwell Day entered Canadian federal politics by riding over the water on a jet ski he was totally unprepared for the sharks, alligators and barracudas swimming in Canada's most treacherous swimming hole - Ottawa - the nation's capital.

Almost immediately after he was elected as Canadian Alliance Party Leader of Canada, Stockwell Day was advised of the political opportunity to destroy the career of then Prime Minister Jean Chretien and his government by exposing their mis-conduct in relation to the Water War Crimes. Instead of defending justice and the the rule of law, which would have given him a real chance of becoming Prime Minister, Stockwell Day chose the path of cowardice and said nothing.

Stockwell Day had learned some hard lessons and he was clearly afraid of Canada's powerful and unaccountable legal profession.

When he and Canadian politician, John Reynolds, made accusations of corrupt judicial manipulation by Prime Minister Jean Chretien in respect of a Chretien appointed judge in Quebec who made orders that clearly assisted Chretien cover up his involvement - for a time - in what became known as the Shawinigate Scandal, the judge threatened a lawsuit against Day who whined to the public that he was not a rich man and did not have much money. Day clearly did not have the guts for the job of Prime Minister and, in the ensuing federal election Chretien political operative, Warren Kinsella, mocked Stockwelll Day's religious beliefs on CBC television so effectively that Day was destroyed.

Stockwell Day had also made the equally applauing blunder of hiring the giant Calgary law firm of Bennett Jones to defend him in a ridiculous defamation lawsuit brought by a small town lawyer from the City of Red Deer, Alberta. Bennett Jones is a highly political Canadian law firm with many linkages to the Water War Crimes and their legal strategy nearly killed Stockwell Day's career before Warren Kinsella finished him off so that Chretien could go on to win another election he did not deserve to win if he had had a qualified opponent.

Political observers are asking if McMillan/Lang Micherner hired Stockwell Day as a pay off for his assistance in covering up their prior participation in the Water War Crimes." (snip) ...

Read this complete article at this website:
http://www.waterwarcrimes.com/newest-developments-blog---breaking-news---follow-ongoing-developments-here.html

NOTE: There is plenty more relevant information re: "Water Crimes" at their main website:
http://www.waterwarcrimes.com

How Debt Crisis Affects You

By Paul A. Drockton

"I have been asked how the current debt crisis will affect the average person. The first thing we need to understand is that the Satanic Psychopaths like us to choose our chains. It gives them the additional cover they need to bring about the ultimate destruction of America, Liberty and anything that remotely resembles Patriotism.

They have given us two choices this time:

1. Raise the debt ceiling by a few more trillion dollars.

2. Default on their manufactured debt.

Both choices will result in the destruction of the dollar. If they raise the debt ceiling then they destroy our nations credit standing. Since they control the credit rating agencies anyway, and have held off the inevitable for far to long, this will happen regardless of what they do. Default is the equivalent of not paying your credit card bills, mortgage and car payment. You become an unacceptable credit risk and you are no longer able to borrow money.

The United States of America is the world's largest creditor nation. We owe more money to more people than any other country on earth. We don't sign loan applications as a country. Instead, we issue bills, notes and bonds.

Treasury Bills: Bills are short-term debt that will expire within the next 12 months. Your CDs at the bank invest in Treasury-Bills, so do the money market funds. In fact, T-Bills form the basic foundation for most of your savings programs. Default means that these funds will fail, because the U.S. government will not honor the debt, or make any payments to satisfy the principle. It also will destroy the banking, mutual fund and credit card industry.

Treasury Notes: Notes are 10 year obligations that are purchased as an investment by your mutual funds in their bond portfolios. Again, failure to pay this debt will cause the Bond market to literally collapse overnight, wiping whatever retirement, pension and long-term savings plans that invest in them (all of them), right off the books.

Treasury Bonds: Bonds are 20-30 year debt obligations. Mortgages are tied to Treasury Bonds. Mortgage interest rates are also tied to Treasury bonds. If the government defaults, then it would destroy homeowners with variable rate mortgages, or those seeking to purchase a new home. It would also destroy the bond market and mutual funds with a bond portfolio.

This is why default is not an option. At least, not yet. Which leads us to choice number two:

Raising the Debt Ceiling:

This is like an out of control debtor borrowing more money from a loan shark. It will destroy our credit rating and force us to pay higher interest rates on all future bills, notes and bonds. Currently, we just keep refinancing our debt with the Federal Reserve that issued it in the first place. Meanwhile, interest keeps compounding and we find ourselves virtual slaves to the international banksters.

Raising the debt ceiling will also raise interest rates, since we become a greater risk as an investment. Expect bond-rating agencies to trash the U.S. credit rating. The following will result:

1. Higher interest rates will mean that all existing debt will be discounted by investors, you will see dramatic losses in the bond market and those that invest in bonds will suffer accordingly. This will affect 401K plans, pension funds, and other retirement plans.

2. Higher rates also mean that those with credit cards will also watch their payments skyrocket, increasing consumer defaults and killing off what remains of the retail industry.

3. Foreclosures will increase as those with variable rate mortgages will be unable to make their monthly payments.

4. A major stock market correction as companies forced to pay higher interest rates go under, stop making their debt payments and report dramatic losses in earnings.

5. Unemployment will rise.

The eventual outcome is hyper-inflation and economic collapse for either choice. The dollar will be destroyed and with it, the American economy. Silver prices will escalate dramatically and I believe the gold confiscation act will come about through Executive Order, with the promise of stabilizing our nations' economy through a new gold standard.

Buy food, buy guns, buy silver. Buy silver/convert gold." (snip) ...

Email: pdrockton@aol.com

NOTE: This article is originally published at this website:
http://www.moneyteachers.org/Debt+Default+Average+person.html

Hungary destroys illegal GM corn fields

....plans to make distributing GMO seeds a felony

by: Ethan A. Huff, staff writer

(NaturalNews) "Earlier in the week it was announced that every crop field in Hungary that was known to contain genetically-modified (GM) corn has been plowed under and destroyed. According to reports, GMO seeds are illegal in Hungary, and authorities have been working hard to ensure that no illegal plantings or sales of GMO seeds take place in the nation.

Hungary's deputy state secretary of the Ministry of Rural Development Lajos Bognar announced that, upon the recent discovery of roughly 1000 acres of illegal GM corn, all of these "frankencrops" were systematically destroyed. He also claimed that none of the pollen from the crops had spread, and that the government will continue to monitor seed distribution and crop plantings to ensure that no more GMOs are planted.

A new Hungarian law enacted back in March stipulates that before any new seeds are introduced into the market, they must first undergo checks to make sure they are free of GMOs. Seed traders are also required to personally verify that all of their products are free of GMOs before distributing them, especially due to the fact that GMO seeds from Monsanto and Pioneer, two large biotechnology companies, have been found unintentionally intermixed with natural seeds.

Unfortunately for many unwitting Hungarian farmers, the discovery of unknown GMOs in their fields came at a time when it was too late to replant new crops in time for this year's harvest. And any potential compensation paid by Monsanto or Pioneer as a result of the damages will likely go to the creditors of the seed company that provided them, which is now under liquidation.

It was announced shortly just days after these events that the Hungarian government plans to make distributing GMO seeds a felony. Since as many as 6,200 acres of crop land may have already been contaminated by the unintentional or careless planting of GMO seeds, authorities are cracking down as best they know how to keep Hungary GMO-free." (snip) ...

Sources for this story include:

http://www.allaboutfeed.net/news/hungary-destroys-all-gmo-maize-fields-11994.html

http://english.peopledaily.com.cn/90001/90777/90853/7441728.html

NOTE: This article is originally published by Natural News at this website: http://www.naturalnews.com/033098_Hungary_GMOs.html

Federal Reserve audit exposes major securities fraud and the embezzlement of $16 trillion.

"An audit of the Federal Reserve has revealed that the privately owned Federal Reserve secretly doled out more than $16 trillion in zero interest loans to some of the largest financial institutions and corporations in the United States and throughout the world. The non-partisan, investigative arm of Congress also determined that the Fed acted illegally. In fact, according to the report, the Fed provided conflict of interest waivers to its employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans. The report is evidence that reveals major securities fraud in the embezzlement of $16 trillion by the Federal Reserve.

$16 trillion is 10 times more than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on. The Federal Reserve was only authorized by Congress to use $1.487 trillion in federal tax dollars in bailouts. The Federal Reserve embezzled another $14.5 trillion.

The Congressional report determined that the Fed secretly hide most of the embezzled money into their own banks. The rest the Fed unilaterally transfered trillions of dollars to foreign banks and corporations from South Korea to Scotland. Foreign banks and corporations which the Federal Reserve bankers had a personal financial interest or stake in.

The report reveals that the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in federal money from the Fed – conflict of interest. Moreover, JP Morgan Chase served as one of the clearing banks (money laundering banks) for the Fed’s emergency loans programs (aka – embezzlement schemes).

In another disturbing finding, the Government Accountability Office said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given federal funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it would have exposed the Fed’s conflict of interest and major securities fraud in the embezzlement of $16 trillion.

The investigation also revealed that the Fed outsourced most of its embezzling to private contractors, many of which were rewarded with extremely low-interest and then-secret loans.

The Fed outsourced virtually all of the operations of their $16 trillion embezzlement scheme to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. For their part the same firms also received trillions of dollars in Fed loans at near-zero interest rates. Morgan Stanley helped the Federal Reserve banker launder embezzled $trillions into AIG.

A more detailed Government Accountability Office investigation into corruption charges, securities fraud, embezzlement, money-laundering and conflicts of interest at the Fed is due on Oct. 18." (snip) ...

NOTE: Read this complete article at this website:
http://presscore.ca/2011/?p=3279

Billions for the Bankers - Debts for the People

The Real Story of the Money-Control Over America by Sheldon Emry

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

"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 Christian Statesmen 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 on us the "evil" of which God's Word had warned.

Money is Man's Only "Creation"

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.

Money "Creating" Profitable

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."

Adequate Money Supply Needed

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.

The Bankers Depression of the 1930's

In 1930 America did not lack industrial capacity, fertile farmland, 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.

Money for Peace? No! Money for War? Yes!

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.

Power to Coin and Regulate Money

When we can see the disastrous' results of an artificially created shortage of money, we can better understand why our Founding Fathers, who understood both money and God's Laws, 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."

How the People Lost Control to the Federal Reserve

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 Conquest or Consent, by W. B. Uennard). 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." (snip) ...

NOTE: Read more of this document - Billions For the Bankers, Debts For The People at this website:
http://3rddimension.online.fr/billions_and_debt.htm

Famous Quotations on Money

“The Federal Reserve (privately owned banks) is one of the most corrupt institutions the world has ever seen.” - Senator Louis T. McFadden (Chairman of the U.S. Banking and Currency Commission)

“If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn’t have, as banks can and do….Only commercial banks and trust companies can lend money which they manufacture by lending it.” - Professor Irving Fisher, Yale University, in his book, 100% Money

“The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to money power.” - Abraham Lincoln

“Permit me to issue and control the money of a nation, and I care not who makes it’s laws…” - Mayer Amschel Rothschild

“All the perplexities, confusion, and distress in America arise, not from the defects in the Constitution or confederation, not from want of honour or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.” - President John Adams

“The only honest dollar is the dollar of stable, debt paying purchasing power. The only honest dollar is the dollar which repays the creditor the value he lent and no more, and requires the debtor to pay the value borrowed and no more.” - Senator Robert L. Owens

“I believe the banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks restored to the people to whom it properly belongs.” - President Thomas Jefferson

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

“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” - President James Garfield

“If Congress has the fright under the Constitution to issue paper money, it was given to be used by themselves, not to be delegated to individuals or corporations.” - President Andrew Jackson

“My agency, in promoting the passage of the National Bank Act, was the greatest financial mistake of my life. It has built up a monopoly which affects every interest in the country. It should be repealed; but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never seen before in this country.” -Salmon P. Chase

“Under the Federal Reserve Act, panics are scientifically created; the present panic is the first scientifically created one, worked out just as we figure a mathematical problem.” - Hon. Charles Lindbergh, Sr. writing on the panic of 1920

“The youth who can solve the money question will do more for the world than all the professional soldiers of history.” - Henry Ford Sr.

“If all bank loans were paid, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. 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 monetary system. When one gets a complete grasp upon the picture, the tragedy and absurdity of our hopeless position is almost incredible – but here it is. It (the banking system) is the most important object
intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon.” - Robert Hemphill, for 8 years credit manager of the Federal Reserve Bank of Atlanta

“The money power prays upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.”- Abraham Lincoln

The London Times printed the following during the Civil War: “If that mischevious financial policy, which had it’s origins in the North American Republic, should become indurated down to a fixture, then that Government will furnish it’s own money without cost. It will pay off debts without a debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy the whole of Christendom into wars and chaos in order that the earth should become their inheritance.” - Bismarck

“We have stricken the (slave) shackles from four million human beings and brought all labourers to a common level, not so much by the elevation of former slaves as by practically reducing the working populace, white and black, to a condition of serfdom. While boasting of our noble deeds, we are careful to conceal the ugly fact that by our iniquitous money system we have nationalized a system of oppression which though more refined, is no less cruel than the old system of chattel slavery.” - Horace Greeley

“The Federal Reserve Banking is nothing but a banking fraud and an unlawful crime against Civilization, Why? Because they “create” the money made out of nothing, and our Uncle Sap Government issues their “Federal Reserve Notes” and stamps our Government approval with no obligation whatever from these Federal Reserve Banks, Individual Banks or National Banks etc..”
H.L. Barnum, Sr., American Mercury, August 1957, p. 43

”You will recall that the first act of Marxists, who were surreptitiously infiltrated into key positions in our Government in 1933, was to depreciate the dollar and deny to the American people the right of redemption because these conspirators had learned from Karl Marx that the surest way to overturn the social order was to debauch the currency. To accomplish this they installed the Laski-Keynes-Marxist monetary system of a so called “managed currency”. - Hon. John T. Wood, American Mercury, 1957, p. 145

The Duke of Bedford, realizing the enormity of the sell out to the international bankers, made the following remarks before the House of Lords on December 17th, 1945, at the time the Bretton Woods proposal was before the British Government:
“I find that opposition to the Bretton Woods scheme, which is one of the conditions of the loan, is almost universal among people of widely different political and economic outlook…I find that the really fine and enlightened people of America are as much against Bretton Woods and all that it stands for as I am….then there is the very grave objection indeed that we are proposing to hand over the control of our economic life, in a very large measure, to a gang of representatives of Wall Street finance, who are responsible to no one and are above every Government.” - Duke of Bedford, American Mercury, April 1957, p. 137

“The few who can understand the system (check money and credits, will either be so interested in it’s profits, or so dependent on its favors, that there will be no oppositions from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” - Rothschild Brothers of London

“It is the people who constitute the basis of Government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest bearing currency-instead of bankers receiving the benefit of the people’s credit in interest-bearing bonds. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector-for the whole national debt is made up on interest charges-then you will see an era of progress and prosperity in this country such as could never have come otherwise.” - Thomas A. Edison

We quote from “The History of Money in the United States” by Willis A. Overholser, LLB.: - “One of the most devastating manipulation of the Federal Reserve System occurred during the year 1920. On May 18, 1920, the Federal Reserve Board and the Federal Advisory Council met in Washington, at which time resolutions were passed, ordering the pursuance of a drastic policy of deflation for the avowed purpose of reducing prices and wages.”

At the Goldsborough hearing in Congress on April 14th, 1932, one very reliable witness is reported to have testified that he went to Mr. Williams in February 1920, and asked Mr. Williams when the Federal Reserve Board was going to start to deflate. Mr. Williams with tears in his eye, said they were going to begin on May 18th, 1920, Mr Williams is alleged to have told the Federal Reserve Board: “you will bust a great many Country banks,” and he was answered, “It don’t make a damn bit of difference; there are too many of them already.” He then told the Board, ”you are going to ruin a lot of farmers throughout the Country,” to which he was answered, “well, they have made so much money they won’t work-let them bust.” This action of the Federal Reserve has been referred to as “The Crime of ’20.” Within a period of approximately a year there after, the amount of Federal Reserve Notes in circulation was reduced by a billion dollars or more. In addition to that, loans were called and credit was drastically contracted, thus creating the depression of 1921. During that depression hundreds of banks in the West were broken and thousands of farmers were forced into bankruptcy. As Mr. Leslie Erickson has stated in his book entitled: The Bankers Racket, “Billions of dollars for the speculator but not a dollar for the farmer, the toiled or the industrialist.”

Imagine making the people pay a usurious tribute to the banks for the use of their own money! The biblical injunctions against usury have been flaunted in the most contemptuous manner. In Leviticus 25:35 to 37, God has commanded:

“And if the brother be waxen poor, and fallen in decay with thee; then thou shalt relieve him: yea though he be a stranger, or a sojourner; that he may live with thee. Take thou no usury of him, or increase, but fear thy God; that thy brothers may live with thee. Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase.”

Usury is also strongly condemned in many other parts of the Bible. It is difficult to understand how we can class ourselves as a Christian and Godly civilization when we pursue a nation on a course such as this. Our banker “money” system is THE great usury conspiracy. It makes usury an inherent part of our system. It is economically unsound, and is wicked, vicious and defenceless method of exploitation. It is contrary to the laws of reason, to the laws of nature and to the laws of God. Such violation of the laws of nature and of God could only have resulted in bringing the great curses upon our civilization known as “depressions.” The Communists want us to be drowned in an ocean of worthless currency. The privately owned Federal Reserve System (created by Paul Moritz Warburg, agent for the Rothschild’s), stands ready to create that ocean. - Major George Racey Jordan

“The invisible Money Power is working to control and enslave mankind. It financed Communism, Marxism, Zionism and Socialism. All of these are directed to making the United States a member of a World Government in which we will have only 1 vote to oppose 82 nations.” - American Mercury, December 1957

“Anyone who claims that he is fighting the Money Monopoly while refusing to advocate the distribution of money power from that Monopoly to the people is, because he misleads others; a dangerous fool, if he is not a rogue; and the more powers of persuasion he has, the more dangerous is he. It is the Money Power which is the real enemy of British Empire and people.” - Candour Magazine, London

“From the testimony of Marriner Eccles, Chairman of the Federal Reserve Board, before the House Banking and Currency Committee, Sept. 30th, 1941.
Congressman Patman: - “Mr. Eccles, how did you get the money to buy those two billion of Government securities?”
Eccles: - ”We created it.”
Patman: - “Out of what?”
Eccles: - ”Out of the right to issue credit money.”

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of slight of hand that was ever invented. Banking was conceived in iniquity and born in sin….Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of the pen…they will create enough money to buy it back again….Take this great power away from them and all great fortunes like mine will disappear (he was said to be the second richest man in Great Britain, next to Rothschild of course) and they ought to disappear, for then this would be a better and happier world to live in….but, if you want to continue to be the slaves of the bankers, and pay the costs of your own slavery, then let the bankers continue to create money and control credit.” - Sir Josiah Stamp, President of the bank of England.

“I set to work to read the Act of Parliament by which the Bank of England was created. The investors knew what they were about. Their design was to mortgage by degrees the whole of the country…lands…houses…property…labour. The scheme has produced what the world never saw before – starvation in the midst of abundance.” - William Cobbett, “The Political Register”, XVIII, July 14th, 1810.

From the “Deserted Village”….

“Ill fares the land to hastening ill a prey,
where wealth accumulates and men decay.
Princes and Lords may flourish or may fade,
A breath can make them, as a breath has made:
but a bold peasantry, their country’s pride,
when once destroyed can never be supplied.
A time there was, ere England’s grief began,
When every road of ground maintained its man:
For him light labour spread her wholesome store,
Just gave what life required, but grave no more,
His best companions, innocence and health,
And his best riches, ignorance of wealth.
But times are altered: trade’s unfeeling train
Usurp the land and dispossess the swain.”
Oliver Goldsmith 1700 A.D.

”Whether it be not a might privelege for a private person to create a hundred pounds with a dash of his pen.” - Bishop Berkeley of Cloyne, 1735

“Can anything be more absurd than that a nation should apply to an individual to maintain its credit, and with it’s credit, its existence and its comfort as a people?” - Lionel Rothschild: quoted by Benjamin D’Israeli in 1844

“To talk about regularization of banks means either to betray complete ignorance or to fool the simple folk with high sounding words. To control the delivery of bread, or in general, the production and distribution of goods, without controlling banking practices, is an absurdity.” - Ulyanov Lenin; Pravda, may 29-30, 1917.

“it is an absurdity that private individuals should have the power to create the Unit of Exchange…” - Opening line of a speech given by David Astle in 1962 in Toronto

Did you know that the “Bank” of England was supposedly created in 1694 A.D. to enable the King to repay 1.5 million pounds lent to him to continue the war with France?

These are the most profound statements that I have found on the banking scam. Each man woman and child in the world should know what is controlling their governments behind the scenes.

Please circulate widely and photocopy at will. The problem will only be solved if Toto pulls the curtain back and keeps it back. Not only does Toto have to pull the curtain back, he then has to bark loudly as well. Get an original copy of the Wizard of Oz…read these quotes…and then watch the movie. Tell your friends, family and those you care about. Expose the banking fraud or continue to live your life in slavery. God bless those that care and do something about this.

A few sites to help get you out of slavery and start to putting real money back into your pockets.

http://www.themoneymasters.com/mm - The Secret of Oz

http://www.bankfreedom.com - exposes the bank on the stand! Questions your “friendly” banker would never dare to answer. A two part book series.

http://www.bbcoa.com - Jordan Maxwell’s site on the Universal Commercial Code, of which all of us now come under. Your judges and lawyers know about this, but don’t want you to.

http://www.themoneymasters.com - a three hour video on the criminal “banking” system, how it is set-up and how you are firmly under it’s grasp until you do something to change your fate.

http://www.wethepeopleofcanada.com - exposes various myths created to keep you under their might

http://www.realityzone.com - Ed. G. Griffin’s site about many conspiracies, money men, cancer cures and the like. Support this man, for he is fighting for your freedom.

http://www.davidicke.com - his books are fascinating and not for the faint of heart.

http://www.moneyasdebt.net - Paul Grignon's website

http://usuryfree.blogspot.com - The UsuryFree Eye Opener offers an abundance of relevant, economic information

http://www.cyberclass.net/usuryfree.htm - The UsuryFree Network

For those beginning their self-imposed course of re-education, I invite you to order the Money Masters tapes and the cassette from Ed Griffin entitled: “The Creature from Jekyll Island.”
….and the truth shall set you free!

Who Rules America?

Article Sent in by G. William Domhoff, author of Who Rules America?

This article was written by an investment manager who works with very wealthy clients. I knew him from decades ago, but he recently e-mailed me with some concerns he had about what was happening with the economy. What he had to say was informative enough that I asked if he might fashion what he had told me into a document for the Who Rules America Web site. He agreed to do so, but only on the condition that the document be anonymous, because he does not want to jeopardize his relationships with his clients or other investment professionals.

G. William Domhoff

**********************************************
Who Rules America? An Investment Manager Breaks Down the Economic Top 1%, Says 0.1% Controls Political and Legislative Process

"I sit in an interesting chair in the financial services industry. Our clients largely fall into the top 1%, have a net worth of $5,000,000 or above, and if working make over $300,000 per year. My observations on the sources of their wealth and concerns come from my professional and social activities within this group.

Work by various economists and tax experts make it indisputable that the top 1% controls a widely disproportionate share of the income and wealth in the United States. When does one enter that top 1%? (I’ll use “k” for 1,000 and “M” for 1,000,000 as we usually do when communicating with clients or discussing money; thousands and millions take too much time to say.) Available data isn’t exact. but a family enters the top 1% or so today with somewhere around $300k to $400k in pre-tax income and over $1.2M in net worth. Compared to the average American family with a pre-tax income in the mid-$50k range and net worth around $120k, this probably seems like a lot of money. But, there are big differences within that top 1%, with the wealth distribution highly skewed towards the top 0.1%.

The Lower Half of the Top 1%

The 99th to 99.5th percentiles largely include physicians, attorneys, upper middle management, and small business people who have done well. Everyone’s tax situation is, of course, a little different. On earned income in this group, we can figure somewhere around 25% to 30% of total pre-tax income will go to Federal, State, and Social Security taxes, leaving them with around $250k to $300k post tax. This group makes extensive use of 401-k’s, SEP-IRA’s, Defined Benefit Plans, and other retirement vehicles, which defer taxes until distribution during retirement. Typical would be yearly contributions in the $50k to $100k range, leaving our elite working group with yearly cash flows of $175k to $250k after taxes, or about $15k to $20k per month.

Until recently, most studies just broke out the top 1% as a group. Data on net worth distributions within the top 1% indicate that one enters the top 0.5% with about $1.8M, the top 0.25% with $3.1M, the top 0.10% with $5.5M and the top 0.01% with $24.4M. Wealth distribution is highly skewed towards the top 0.01%, increasing the overall average for this group. The net worth for those in the lower half of the top 1% is usually achieved after decades of education, hard work, saving and investing as a professional or small business person. While an after-tax income of $175k to $250k and net worth in the $1.2M to $1.8M range may seem like a lot of money to most Americans, it doesn’t really buy freedom from financial worry or access to the true corridors of power and money. That doesn’t become frequent until we reach the top 0.1%.

I’ve had many discussions in the last few years with clients with “only” $5M or under in assets, those in the 99th to 99.9th percentiles, as to whether they have enough money to retire or stay retired. That may sound strange to the 99% not in this group but generally accepted “safe” retirement distribution rates for a 30 year period are in the 3-5% range with 4% as the current industry standard. Assuming that the lower end of the top 1% has, say, $1.2M in investment assets, their retirement income will be about $50k per year plus maybe $30k-$40k from Social Security, so let’s say $90k per year pre-tax and $75-$80k post-tax if they wish to plan for 30 years of withdrawals. For those with $1.8M in retirement assets, that rises to around $120-150k pretax per year and around $100k after tax. If someone retires with $5M today, roughly the beginning rung for entry into the top 0.1%, they can reasonably expect an income of $240k pretax and around $190k post tax, including Social Security.

While income and lifestyle are all relative, an after-tax income between $6.6k and $8.3k per month today will hardly buy the fantasy lifestyles that Americans see on TV and would consider “rich”. In many areas in California or the East Coast, this positions one squarely in the hard working upper-middle class, and strict budgeting will be essential. An income of $190k post tax or $15.8k per month will certainly buy a nice lifestyle but is far from rich. And, for those folks who made enough to accumulate this much wealth during their working years, the reduction in income and lifestyle during retirement can be stressful. Plus, watching retirement accounts deplete over time isn’t fun, not to mention the ever-fluctuating value of these accounts and the desire of many to leave a substantial inheritance. Our poor lower half of the top 1% lives well but has some financial worries.

Since the majority of those in this group actually earned their money from professions and smaller businesses, they generally don’t participate in the benefits big money enjoys. Those in the 99th to 99.5th percentile lack access to power. For example, most physicians today are having their incomes reduced by HMO’s, PPO’s and cost controls from Medicare and insurance companies; the legal profession is suffering from excess capacity, declining demand and global outsourcing; successful small businesses struggle with increasing regulation and taxation. I speak daily with these relative winners in the economic hierarchy and many express frustration.

Unlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the U.S. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits. Most of those in the bottom half of the top 1% lack power and global flexibility and are essentially well-compensated workhorses for the top 0.5%, just like the bottom 99%. In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability. The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it.

The Upper Half of the Top 1%

Membership in this elite group is likely to come from being involved in some aspect of the financial services or banking industry, real estate development involved with those industries, or government contracting. Some hard working and clever physicians and attorneys can acquire as much as $15M-$20M before retirement but they are rare. Those in the top 0.5% have incomes over $500k if working and a net worth over $1.8M if retired. The higher we go up into the top 0.5% the more likely it is that their wealth is in some way tied to the investment industry and borrowed money than from personally selling goods or services or labor as do most in the bottom 99.5%. They are much more likely to have built their net worth from stock options and capital gains in stocks and real estate and private business sales, not from income which is taxed at a much higher rate. These opportunities are largely unavailable to the bottom 99.5%.

Recently, I spoke with a younger client who retired from a major investment bank in her early thirties, net worth around $8M. We can estimate that she had to earn somewhere around twice that, or $14M-$16M, in order to keep $8M after taxes and live well along the way, an impressive accomplishment by such an early age. Since I knew she held a critical view of investment banking, I asked if her colleagues talked about or understood how much damage was created in the broader economy from their activities. Her answer was that no one talks about it in public but almost all understood and were unbelievably cynical, hoping to exit the system when they became rich enough.

Folks in the top 0.1% come from many backgrounds but it’s infrequent to meet one whose wealth wasn’t acquired through direct or indirect participation in the financial and banking industries. One of our clients, net worth in the $60M range, built a small company and was acquired with stock from a multi-national. Stock is often called a “paper” asset. Another client, CEO of a medium-cap tech company, retired with a net worth in the $70M range. The bulk of any CEO’s wealth comes from stock, not income, and incomes are also very high. Last year, the average S&P 500 CEO made $9M in all forms of compensation. One client runs a division of a major international investment bank, net worth in the $30M range and most of the profits from his division flow directly or indirectly from the public sector, the taxpayer. Another client with a net worth in the $10M range is the ex-wife of a managing director of a major investment bank, while another was able to amass $12M after taxes by her early thirties from stock options as a high level programmer in a successful IT company. The picture is clear; entry into the top 0.5% and, particularly, the top 0.1% is usually the result of some association with the financial industry and its creations. I find it questionable as to whether the majority in this group actually adds value or simply diverts value from the US economy and business into its pockets and the pockets of the uber-wealthy who hire them. They are, of course, doing nothing illegal.

I think it’s important to emphasize one of the dangers of wealth concentration: irresponsibility about the wider economic consequences of their actions by those at the top. Wall Street created the investment products that produced gross economic imbalances and the 2008 credit crisis. It wasn’t the hard-working 99.5%. Average people could only destroy themselves financially, not the economic system. There’s plenty of blame to go around, but the collapse was primarily due to the failure of complex mortgage derivatives, CDS credit swaps, cheap Fed money, lax regulation, compromised ratings agencies, government involvement in the mortgage market, the end of the Glass-Steagall Act in 1999, and insufficient bank capital. Only Wall Street could put the economy at risk and it had an excellent reason to do so: profit. It made huge profits in the build-up to the credit crisis and huge profits when it sold itself as “too big to fail” and received massive government and Federal Reserve bailouts. Most of the serious economic damage the U.S. is struggling with today was done by the top 0.1% and they benefited greatly from it.

Not surprisingly, Wall Street and the top of corporate America are doing extremely well as of June 2011. For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries. Somewhere around 40% of the profits in the S&P 500 come from overseas and stay overseas, with about half of these 500 top corporations having their headquarters in tax havens. If the corporations don’t repatriate their profits, they pay no U.S. taxes. The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%, most Americans struggled. In 2010 a dozen major companies, including GE, Verizon, Boeing, Wells Fargo, and Fed Ex paid US tax rates between -0.7% and -9.2%. Production, employment, profits, and taxes have all been outsourced. Major U.S. corporations are currently lobbying to have another “tax-repatriation” window like that in 2004 where they can bring back corporate profits at a 5.25% tax rate versus the usual 35% US corporate tax rate. Ordinary working citizens with the lowest incomes are taxed at 10%.

I could go on and on, but the bottom line is this: A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the U.S. financial system. It allows them to protect and increase their wealth and significantly affect the U.S. political and legislative processes. They have real power and real wealth. Ordinary citizens in the bottom 99.9% are largely not aware of these systems, do not understand how they work, are unlikely to participate in them, and have little likelihood of entering the top 0.5%, much less the top 0.1%. Moreover, those at the very top have no incentive whatsoever for revealing or changing the rules. I am not optimistic." (snip) ...

NOTE: This article is originally posted at this website:
http://www.globalresearch.ca/index.php?context=va&aid=25759

Abolishing Fed and new energy disclosure

Alfred Lambremont Webre interviews Paul Hellyer

"In an exclusive ExopoliticsTV interview with Alfred Lambremont Webre, Paul Hellyer, former Canadian Minister of Defense and Deputy Prime Minister under Pierre Trudeau, stated that abolition or nationalization of the U.S. Federal Reserve Bank and disclosure and public application of new energy technologies such as anti-gravity propulsion now held in sequestered projects in the black budget national security state are a key to survival of the United States as a prosperous society, and to humanity’s survival and to its charting a positive future.

When asked in his ExopoliticsTV interview about the impact of the U.S. Federal Reserve Bank on the current public debt crisis the U.S. and by extension world nations are now facing, Mr. Hellyer declared that without abolition or nationalization of the Federal Reserve Bank and the institution of a proper publicly owned central bank, the United States stands little chance of long-term survival.

Disclosure and public application of quantum access Tesla-based teleportation

Although the disclosure of now secret quantum access Tesla-based teleportation technologies that have been operational since the early 1970s in DARPA and CIA projects was not discussed in the interview, presumably Mr. Hellyer was referring to the public disclosure and application of sequestered advanced exotic technologies such as teleportation as well. At least three independent whistleblowers from top secret U.S. government programs, including former U.S. serviceman Michael Relfe, former DARPA Project Pegasus participant Andrew D. Basiago, Esq., and former U.S. DoD scientist Arthur Neumann have now come forward to confirm that the U.S. government has had operational teleportation for 40 years. Application of quantum access teleportation to the movement of people and goods around the planet would displace polluting systems now dominated by automobiles, trucks, buses, railroads and airplanes, and greatly improve land use urban land use, now dominated by highways and overpasses. Mr. Basiago, who has publicly stated on Coast to Coast AM that he routinely visited a DARPA forward time base in the year 2045 to retrieve materials prepared by project participants in the future for use by U.S. government planners in 1971, reports that teleportation appears to be a pervasive transportation technology in the venue he visited in the southwestern U.S. in 2045.

Watch ExopoliticsTV interview with Paul Hellyer

Readers can watch the entirety of the 60-minute interview by Alfred Lambremont Webre with Paul Hellyer embedded in the article above or at the URL below:

WATCH INTERVIEW

http://www.youtube.com/watch?v=pRaK7LkH-kM

Mr. Hellyer is author of the book Light at the End of the Tunnel: A Survival Plan for the Human Species. He is also a core founder of Victory for the World, a group of prominent individuals who has come together around the vision that “The privately-owned banking monopoly is strangling the world economy and with it the hopes and aspirations of billions of people.”

In 2005, Mr. Hellyer became one of the first major statesmen to come forward demanding disclosure and a proactive public policy toward extraterrestrial civilizations now visiting Earth and use of advanced ET-derived energy, transportation, health and other technologies for the public good.

Paul Hellyer: “The next world war [will] be between the banks and the people of the world

As set out in his ExopoliticsTV interview, Paul Hellyer sees the current world debt crisis in part as a direct product of the “money as debt” system of the fractional bank reserve system, and in part by private central banks, such as the U.S. Federal Reserve Bank, who have hoodwinked the public and politicians (perhaps) into borrowing money that governments as the People can themselves create.

As part of his Victory for the World platform in the U.S., he urges U.S. citizens "Write to the President, your senators and congressman or woman demanding implementation of the following as a condition of continued or possible future political support." (snip) ...

Read the complete article at this website:
http://www.examiner.com/exopolitics-in-seattle/paul-hellyer-abolishing-fed-and-new-energy-disclosure-key-to-u-s-survival