“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 the banks, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered"
- Thomas Jefferson
You may ask yourself 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.” The answer, they did it in the hope it would prevent avarice, or the love of money, from destroying the Republic they had founded.
Economists use the term "printing," when speaking of the process by which money, comes into existence. Now, creation means making something that did not exist before. But they did not "create” money, they only changed something of intransigent value into a more usable form of exchange. This is not so with money. Today, man actually "creates" something out of nothing, worthless paper money, as it is no longer backed up by other than words.
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 dollar bill or a $10,000 dollar bill.
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.
For an example, we need only look at America's Depression of the early 1930’s. Or should I say, the Bankers' Depression of the 1930’s. Back 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 cities or the countryside, since the 1860’s. There was no pestilence to weaken 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.
Then came World War II, which ended the "depression." The same Bankers who in the early 1930’s had no loans for peacetime houses, food and clothing, suddenly had unlimited billions to lend for Army barracks, weapons, K-rations and uniforms! A nation that in 1934 couldn't produce food for sale, suddenly could produce bombs.
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 bankers of the 1930’s are no longer around but the bankers who control our money and credit today, use the same predatory banking philosophies to control and plunder America and place us in economic bondage too.
When we can see the disastrous results of an artificially created shortage of money, we can better understand why out 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." Instead of the Constitutional method of creating our money and putting it into circulation, we now have an entirely unconstitutional system. A little history is needed here.
In December of 1913, Congress—with many members away for the Christmas holidays—passed what has since been known as the FEDERAL RESERVE ACT. Omitting the burdensome details, it simply authorized the establishment of a Federal Reserve (central bank), with a Board of Directors, and the United States was divided into 12 Federal Reserve "Districts."
This 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, neither federal nor reserve. This was done with appropriate fanfare and propaganda that this would "remove money from politics.” What they didn't say was from the people's control.
The people were not told then, and most still do not know today, is that the Federal Reserve, 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, a small group of "privileged" people lend us "our" money and have accrued to themselves all of the profits of printing our money and more! Since 1913 they have "printed" tens of billions of dollars in paper money and in monetary credit, which, as their personal property, they then lend to our government and our people at interest. They Print It—We Borrow It—and Pay Them Interest!
This is how the scam works. The federal government, which spends more than it takes in from its citizens in taxes, needs money to fulfill all it’s obligations. Since Congress has given away its authority to "create" money, the government must go the Federal Reserve, the "creators" for the money.
But, the Federal Reserve, neither federal nor reserve, doesn't just give money away. The Bankers are willing to create the money in the form of either paper money or credit, and lend it 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 the necessary amount in U.S. Bonds, which are then delivered to the Federal Reserve Bankers.
The Federal Reserve then pays the cost of printing the money requested and makes the exchange. The Government then uses the money to pay its obligations. What are the results of this fantastic transaction? Well, the government’s bills are paid all right, but the government has now indebted the taxpayers to the Bankers for the money created out of nothing, which the people must pay back with interest.
Tens of thousands of such transactions have taken place since 1913 and by now the U.S. government is indebted for over $30,000,000,000,000 trillion dollars of 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. Oh but there’s More.
You surely say, "This is criminal!" 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. Did you know that the Congress has not issued Constitutional money since 1863, or in 160 years? And There's Still More.
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 so 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. 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. If you think this is an accidental consequence of our monetary policy, I got this other tollbooth on the Jersey Turnpike for sale.