the Bankers, Debts for the People
Story of the Money-Control Over America
by Pastor Sheldon Emry
1926 - 1985
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
living in what is called the richest nation on earth, seem always
to be short of money. Wives are working in unprecedented numbers,
husbands hope for overtime hours to earn more, or take part-time
jobs evenings and weekends, children look for odd jobs for spending
money, the family debt climbs higher, and psychologists say one
of the biggest causes of family quarrels and breakups is "arguments
over money." Much of this trouble can be traced to our present
"debt-money" system. Too few Americans realize why
our founding fathers wrote into Article I of the U.S. Constitution:
Congress shall have the Power to Coin Money and Regulate the
They did this,
as we will show, in prayerful hope it would prevent "love
of money" from destroying the Republic they had founded.
We shall see how subversion of Article I has brought upon us
the horrors of which Jefferson had warned.
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
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.
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.
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."
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.
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.
BANKERS DEPRESSION OF THE 1930's
In 1930 America did not lack industrial capacity, fertile-farm
land, skilled and willing workers or industrious farm families.
It had an extensive and highly efficient transportation system
in railroads, road networks, and inland and ocean waterways.
Communications between regions and localities were the best in
the world, utilizing telephone, teletype, radio, and a well-operated
government mail system. No war had ravaged the cities or the
countryside, no pestilence weakened the population, nor had famine
stalked the land. The United States of America in 1930 lacked
only one thing: an adequate supply of money to carry on trade
and commerce. In the early 1930's, Bankers, the only source of
new money and credit, deliberately refused loans to industries,
stores and farms.
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.
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.
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 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."
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 The Creature from Jekyll Island,
by G. Edward Griffin or Conquest or Consent,
by W. B. Vennard). Omitting the burdensome details, it simply
authorized the establishment of a Federal Reserve Corporation,
with a Board of Directors (The Federal Reserve Board) to run
it, and the United States was divided into 12 Federal Reserve
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.
DISASTROUS THAN PEARL HARBOR
Since that "day of infamy," more disastrous to us than
Pearl Harbor, the small group of "privileged" people
who lend us "our" money have accrued to themselves
all of the profits of printing our money' - and more! Since 1913
they have "created" tens of billions of dollars in
money and credit, which, as their own personal property, they
then lend to our government and our people at interest. "The
rich get richer and the poor get poorer" had become the
secret policy of our National Government. An example of the process
of "creation" and its conversion to people's "debt"
will aid our understanding.
PRINT IT - WE BORROW IT AND PAY THEM INTEREST
We shall start with the need for money. The Federal Government,
having spent more than it has taken from its citizens in taxes,
needs, for the sake of illustration, $1,000,000,000. Since it
does not have the money, and Congress has given away its authority
to "create" it, the Government must go the "creators"
for the $1 billion. But, the Federal Reserve, a private corporation,
doesn't just give its money away! The Bankers are willing to
deliver $1,000,000,000 in money or credit to the Federal Government
in exchange for the Government's agreement to pay it back - with
interest! So Congress authorizes the Treasury Department to print
$1,000,000,000 in U.S. Bonds, which are then delivered to the
Federal Reserve Bankers.
Reserve then pays the cost of printing the $1,000,000,000 (about
$1,000) and makes the exchange. The Government then uses the
money to pay its obligations. What are the results of this fantastic
transaction? Well, $1 billion in Government bills are paid all
right, but the Government has now indebted the people to the
Bankers for $1 billion on which the people must pay interest!
Tens of thousands of such transactions have taken place since
1913 so that by the 1980's, the U.S. Government is indebted.
to the Bankers for over $1,000,000,000,000 (trillion) on which
the people pay over $100 billion a year in interest alone with
no hope of ever paying off the principal. Supposedly our children
and following generations will pay forever and forever!
You say, "This is terrible!" Yes, it is, but we have
shown only part of the sordid story. Under this unholy system,
those United States Bonds have now become "assets"
of the Banks in the Reserve System which they then use as "reserves"
to "create" more "credit" to lend. Current
"fractional reserve" requirements allow them to use
that $1 billion in bonds to "create" as much as $15
billion in new "credit" to lend to States, Municipalities,
to individuals and businesses. Added to the original $1 billion,
they could have $16 billion of "created credit" out
in loans paying them interest with their only cost being $1,000
for printing the original $1 billion! Since the U.S. Congress
has not issued Constitutional money since 1863 (over 100 years),
in order for the people to have money to carry on trade and commerce
they are forced to borrow the "created credit" of the
Monopoly Bankers and pay them usury-interest!
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 often depressed, while the
banks reap billions in interest from corporate loans. In effect,
the bankers get almost all of the profits, while individual stockholders
are left holding the bag.
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!
INTEREST AMOUNT IS NEVER CREATED
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!
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!
will show the viciousness of this usury-debt system with its
"built-in" shortage of money.
$60,000 IS BORROWED, $255,931.20 MUST BE PAID BACK When a citizen goes
to a Banker to borrow $60,000 to purchase a home or a farm, the
Bank clerk has the borrower agree to pay back the loan plus interest.
At 14% interest for 30 years, the Borrower must agree to pay
$710.92 per month for a total of $255,931.20. The clerk then
requires the citizen to assign to the Banker the right of ownership
of the property if the Borrower does not make the required payments.
The Bank clerk then gives the Borrower a $60,000 check or a $60,000
deposit slip crediting the Borrower's checking account with $60,000.
then writes checks to the builder, subcontractors, etc., who
in turn write checks. $60,000 of new "checkbook" money
is thereby added to "money in circulation."
this is the fatal flaw in a usury system, the only new money
created and put into circulation is the amount of the loan, $60,000.
The money to pay the interest is NOT created, and therefore was
NOT added to "money in circulation."
Even so, this
Borrower (and those who follow him in ownership of the property)
must earn and TAKE OUT OF CIRCULATION $255,931, almost $200,000
MORE than he put IN CIRCULATION when he borrowed the original
$60,000! (By the way, it is this interest which cheats all families
out of nicer homes. It is not that they can't afford them; it
is because the Banker's usury forces them to pay for 4 homes
to get one!)
Every new loan
puts the same process in operation. Each borrower adds a small
sum to the total money supply when he borrows, but the payments
on the loan (because of interest) then deduct a much LARGER sum
from the total money supply.
There is therefore
no way all debtors can pay off the money-lenders. As they pay
the principal and interest, the money in circulation disappears.
All they can do is struggle against each other, borrowing more
and more from the money-lenders each generation. The money-lenders
(Bankers), who produce nothing of value, slowly, then more rapidly,
gain a death grip on the land, buildings, and present and future
earnings of the whole working population.
LOANS DO THE SAME THING
If you haven't quite grasped the impact of the above, let us
consider a small auto loan for 3 years at 18% interest. Step
1: Citizen borrows $5,000 and pays it into circulation (it goes
to the dealer, factory, miner, etc.) and signs a note agreeing
to pay the Banker $6,500. Step 2: Citizen pays $180 per month
of his earnings to the Banker. In 3 years he will take OUT of
circulation $1,500 more than he put IN circulation.
of Banker "created" money (credit) causes the same
thing to happen. Since this has happened millions of times since
1913 (and continues today), you can see why America has gone
from a prosperous, debt-free nation to a debt-ridden nation where
practically every home, farm and business is paying usury-tribute
to some Banker. The usury-tribute to the Bankers on personal,
local, State and Federal debt totals more than the combined earnings
of 25% of the working people. Soon it will be 50% and continue
IS WHY BANKERS PROSPER IN GOOD TIMES OR BAD
In the millions of transactions made each year like those above,
little actual currency changes hands, nor is it necessary that
it do so. 95% of all "cash" transactions in the U.S.
are by check, so the Banker is perfectly safe in "creating"
that so-called "loan" by writing the check or deposit
slip, not against actual money, but AGAINST YOUR PROMISE TO PAY
IT BACK! The cost to him is paper, ink and a few dollars in salaries
and office costs for each transaction. It is "check-kiting"
on an enormous scale. The profits increase rapidly, year after
year, as shown below.
These are a
few taken from Arizona newspapers in January, 1979.
Bank posts 49% gain in profits
49 percent in net income and 51 percent in operating income were
posted last year by Valley National Bank.
brought net income to $33,969,-000' in the year ended Dec..31
and operating income to $34,459.000. The year before those totals
were $22,836.000 and $22,807,000 respectively.
profits rise 21%
Arizona Bank announced on Monday it had achieved a 21.2 percent
increase in net income in 1978 over 1977. On the basis of operating
income, excluding the 1977 sale of the Arizona Bank Building
for $l,336,369, the bank said the increase was 43.9 percent.
said loans and deposits increased in the last year: Deposits
18.8 percent to $1.353 billion and loans 21.9 percent to $951
COST TO YOU? EVENTUALLY, EVERYTHING!
In 1910 the U.S. Federal debt was only $1 billion, or $12.40
per citizen. State and local debts were practically non-existent.
By 1920, after
only 6 years of Federal Reserve shenanigans, the Federal debt
had jumped to $24 billion, or $226 per person.
In 1960 the
Federal debt reached $284 billion, or $1,575 per citizen and
State and local debts were mushrooming.
By 1981 the
Federal debt passed $1 trillion and was growing exponentially
as the Banker's tripled the interest rates. State and local debts
are now MORE than the Federal, and with business and personal
debts totaled over $6 trillion, 3 times the value of all land
and buildings in America.
If we signed
over to the money-leaders all of America we would still owe them
2 more Americas (plus their usury, of course!)
are too cunning to take title to everything. They will instead
leave you with some "illusion of ownership" so you
and your children will continue to work and pay the Bankers more
of your earnings on ever-increasing debts. The "establishment"
has captured our people with their ungodly system of usury and
debt as certainly as if they had marched in with a uniformed
THE GAMBLERS AMONG MY READERS
To grasp the truth that periodic withdrawal of money through
interest payments will inexorably transfer all wealth in the
nation to the receiver of interest, imagine yourself in a poker
or dice game where everyone must buy the chips (the medium of
exchange) from a "banker" who does not risk chips in
the game, but watches the table and every hour reaches in and
takes 10% to 15% of all the chips on the table. As the game goes
on, the amount of chips in the possession of each player will
go up and down with his "luck."
TOTAL number of chips available to play the game (carry on trade
and business) will decrease rapidly.
The game will
get low on chips, and some will run out. If they want to continue
to play, they must buy or borrow them from the "banker."
The "banker" will sell (lend) them ONLY if the player
signs a "mortgage" agreeing to give the "banker"
some real property (car, home, farm, business, etc.) if he cannot
make periodic payments to pay back all of the chips plus some
EXTRA ones (interest). The payments must be made on time, whether
he wins (makes a profit) or not.
It is easy
to see that no matter how skillfully they play, eventually the
"banker" will end up with all of his original chips
back, and except for the very best players, the rest, if they
stay in long enough, will lose to the "banker" their
homes, their farms, their businesses, perhaps even their cars,
watches, rings, and the shirts off their backs!
situation is MUCH WORSE than any poker game. In a poker game
none is forced to go into debt, and anyone can quit at any time
and keep whatever he still has. But in real life, even if we
borrow little ourselves from the Bankers, the local, State, and
Federal governments borrow billions in our name, squander it,
then confiscate our earnings from us and pay it back to the Bankers
with interest. We are forced to play the game, and none can leave
except by death. We pay as long as we live, and our children
pay after we die. If we cannot pay, the same government sends
the police to take our property and give it to the Bankers. The
Bankers risk nothing in the game; they just collect their percentage
and "win it all." In Las Vegas and at other gambling
centers, all games are "rigged" to pay the owner a
percentage, and they rake in millions. The Federal Reserve Bankers'
"game" is also rigged, and it pays off in billions!
In recent years
Bankers added real "cards" to their 'game. "Credit"
cards are promoted as a convenience and a great boon to trade.
Actually, they are ingenious devices by which Bankers collect
2% to 5% of every retail sale from the seller and 18% interest
from buyers. A real "stacked" deck!
IT'S POLITICAL, TOO!
Democrat, Republican, and Independent voters who have wondered
why politicians always spend more tax money than they take in
should now see the reason. When they begin to study our "debt-money"
system, they soon realize that these politicians are not the
agents of the people but are the agents of the Bankers, for whom
they plan ways to place the people further-in debt. It takes
only a little imagination to see that if Congress had been "creating,"
and spending or issuing into circulation the necessary increase
in the money supply, THERE WOULD BE NO NATIONAL DEBT, and the
over $4 Trillion of other debts would be practically non-existent.
Since there would be no ORIGINAL cost of money except printing,
and no CONTINUING costs such as interest, Federal taxes would
be almost nil. Money, once in circulation, would remain their
and go on serving its purpose as a medium of exchange for generation
after generation and century after century, just as coins do
now, with NO payments to the Bankers whatever!
DEBTS AND WARS
But instead of peace and debt-free prosperity, we have ever-mounting
debt and periodic wars. We as a people are now ruled by a system
of Banker-owned Mammon that has usurped the mantle of government,
disguised itself as our legitimate government, and set about
to pauperize and control our people. It is now a centralized,
all-powerful political apparatus whose main purposes are promoting
war, spending the peoples' money, and propagandizing to perpetuate
itself in power. Our two large political parties have become
its servants, the various departments of government its spending
agencies, and the Internal Revenue its collection agency.
the people, it operates in close cooperation with similar apparatuses
in other nations. which are also disguised as "governments."
Some, we are told, are friends. Some, we are told, are enemies.
"Enemies" are built up through international manipulations
and used to frighten the American people into going billions
of dollars more into debt to the Bankers for "military preparedness,"
"foreign aid to stop communism," "minority rights,"
etc. Citizens, deliberately confused by brainwashing propaganda,
watch helplessly while our politicians give our food, goods,
and money to Banker-controlled alien governments under the guise
of "better relations" and "easing tensions."
Our Banker-controlled government takes our finest and bravest
sons and sends them into foreign wars with obsolete equipment
and inadequate training, where tens of thousands are murdered,
and hundreds of thousands are crippled. Other thousands are morally
corrupted, addicted to drugs, and infected with venereal and
other diseases, which they bring back to the United States. When
the "war" is over, we have gained nothing, but we are
scores of billions of dollars more in debt to the Bankers, which
was the reason for the "war" in the first place!
WAIT... THERE'S STILL MORE
The profits from these massive debts have been used to erect
a complete and almost hidden economic and political colossus
over our nation. They keep telling us they are trying to do us
"good," when in truth they work to bring harm and injury
to our people. These would-be despots know it is easier to control
and rob an ill, poorly-educated and confused people than it is
a healthy and intelligent population, so they deliberately prevent
real cures for diseases, they degrade our educational systems,
and they stir up social and racial unrest. For the same reason
they favor drug use, alcohol, sexual promiscuity, abortion, pornography,
and crime. Everything which debilitates the minds and bodies
of the people is secretly encouraged, as it makes the people
less able to oppose them or even to understand what is being
done to them.
love of Country, the Christian religion, all that is honorable
is being swept away, while they try to build their new, subservient
man. Our new "rulers" are trying to change our whole
racial, social, religious, and political order, but they will
not change the debt-money economic system by which they rob and
rule. Our people have become tenants and "debt-slaves"
to the Bankers and their agents in the land our fathers conquered.
It is conquest through the most gigantic fraud and swindle in
the history of mankind. And we remind you again: The key to their
wealth and power over us is their ability to create "money"
out of nothing and lend it to us at interest. If they had not
been allowed to do that, they would never have gained secret
control of our nation. "The rich ruleth over the poor, and
the borrower is servant to the lender" (Proverbs 22:7).
Let us now
consider the correct method of providing the medium of exchange
(money) needed by our people.
History tells us of debt-free and interest-free money issued
by governments. The American colonies did it in the 1700's and
their wealth soon rivaled England and brought restrictions from
Parliament, which led to the Revolutionary War. Abraham Lincoln
did it in 1863 to help finance the Civil War. He was later assassinated
by an agent of the Rothschild Bank. No debt-free or interest-free
money has been issued in America since then. Several Arab nations
issue interest-free loans to their citizens today. The Saracen
Empire for bad interest on money for 1,000 years, and its wealth
outshone even Saxon Europe. Mandarin China issued its own money,
interest-free and debt-free, and historians and collectors of
art today consider those centuries to be China's time of greatest
wealth, culture and peace.
debt-free and interest-free money from 1935 and on, accounting
for its startling rise from the depression to a world power in
5 years. Germany financed its entire government and war operation
from 1935 to 1945 without debt, and it took the whole Capitalist
and Communist world to destroy the German power over Europe and
bring Europe back under the heel of the Bankers. Such history
of money does not even appear in the textbooks of public (government)
which doesn't have to be paid back in interest leaves the money
available to use in the exchange of goods and services and its
only continuing cost is replacement as the paper wears out. Money
is the paper ticket by which such transfers are made and should
always be in sufficient quantity to transfer all possible production
of the nation to ultimate consumers.
It is as ridiculous
for a nation to say to its citizens, "You must consume less
because we are short of money," as it would be for an Airline
to say "Our planes are flying, but we can't take you because
we are short of tickets."
MORE BANKERS' PLUNDER
Under the present debt-usury system, the extra burden of usury
forces workers and businesses to demand more money for the work
and goods to pay their ever-increasing debts and taxes. This
increase in prices and wages is called "inflation."
Bankers, politicians and "economists" blame it on everything
but the real cause, which is the usury levied on money and debt
by the Bankers. This "inflation" benefits the money-lenders,
since it wipes out savings of one generation so they cannot finance
or help the next generation, who must then borrow from the money-lenders,
and pay a large part of their life's labor to the usurer.
With an adequate
supply of interest-free money, little borrowing would be required
and prices would be established by people and goods, not by debts
If the Federal Congress failed to act, or acted wrongly, in the
supply of money, the citizens would use the ballot or recall
petition to replace those who prevented correct action with others
whom the people believe would pursue a better money policy. Since
the creation of money and its issuance in sufficient quantity
would be one of the few functions of Congress, the voter could
decide on a candidate by his stand on money, instead of the hundreds
of lesser, and deliberately confusing, subjects which are presented
to us today. And since money is, and would remain, a national
function, local differences or local factions would not be able
to sway the people from the nation's (citizens') interest. All
other problems, except the nation's defense, would be taken care
of in the State, County, or City governments where they are best
handled and most easily corrected.
national defense would be provided by the same citizen-controlled
Congress, and there would be no Bankers behind the scenes, bribing
politicians to give $200 billion of American military equipment
to other nations, disarming us, while alien nations prepare to
attack and invade the United States of America.
With debt-free and interest-free money, there would be no high
and confiscatory taxation, our homes would be mortgage free with
no $10,000-a-year payments to the Bankers, nor would they get
$1,000 to $2,500 per year from every automobile on our roads.
We would need no "easy payment" plans, "revolving"
charge accounts, loans to pay medical or hospital bills, loans
to pay taxes, loans to pay for burials, loans to pay loans, nor
any of the thousand and one usury-bearing loans which now suck
the life-blood of American families. There would be no unemployment,
divorces caused by debt, destitute old people, or mounting crime,
and even the so-called "deprived" classes would be
deprived of neither job nor money to buy the necessities of life.
not become politicians, nor would politicians become criminals
in the pay of the Money-lenders. Our officials, at all government
levels, would be working for the people instead of devising means
to spend more money to place us further in debt to the Bankers.
We would get out of the entangling foreign alliances that have
engulfed us in four major wars and scores of minor wars since
the Federal Reserve Act was passed, alliances which are now used
to prevent America from preparing her own defense in the face
of mounting danger from alien powers.
America would mean mothers would not have to work. With mother
at home, juvenile delinquency would decrease rapidly. The elimination
of the usury and debt would be the equivalent of a 50% raise
in the purchasing power of every worker. With this cancellation
of all debts, the return to the people of all the property and
wealth the parasitic Bankers and their quasi-legal agents have
stolen by usury and fraud, and the ending of their theft of $300
Billion (or more) every year from the people, America would be
prosperous and powerful beyond the wildest dreams of its citizens
today. And we would be at peace! (For a Bible example of cancellation
of debts to money lenders and restoration of property and money
to the people, read Nehemiah 5: 1-13.)
YOU HAVEN'T KNOWN
We realize this small, and necessarily incomplete, article on
money may be charged with oversimplification. Some may say that
if it is that simple the people would have known about it, and
it could not have happened. But this MONEY-LENDERS' consPIRACY
is as old as Babylon, and even in America it dates far back before
the year 1913. Actually, 1913 may be considered the year in which
their previous plans came to fruition, and the way opened for
complete economic conquest of our people. The consPIRACY is old
enough in America so that its agents have been, for many years,
in positions such as newspaper publishers, editors, columnists,
church ministers, university presidents, professors, textbook
writers, labor union leaders, movie makers, radio and TV commentators,
politicians from school board members to U.S. presidents, and
NEWS AND INFORMATION
These agents control the information available to our people.
They manipulate public opinion, elect whom they will locally
and nationally, and never expose the crooked money system. They
promote school bonds, municipal bonds, expensive and detrimental
farm programs, "urban renewal," foreign aid, and many
other schemes which will put the people more into debt to the
Bankers. Thoughtful citizens wonder why billions are spent on
one program and billions on another which may duplicate it or
even nullify it, such as paying some farmers not to raise crops,
while at the same time building dams or canals to irrigate more
farm land. Crazy or stupid? Neither. The goal is more debt. Thousand
of government-sponsored ways to waste money go on continually.
Most make no sense, but they are never exposed for what they
really are, builders of "billions for the bankers and debts
for the people."
experts" write syndicated columns in hundreds of newspapers,
craftily designed to prevent the people from learning the simple
truth about our money system. Commentators on radio and TV, preachers,
educators, and politicians blame the people as wasteful, lazy,
or, spend-thrift, and blame the workers, and consumers for the
increase in debts and the inflation of prices, when they know
the cause is the debt-money system itself. Our people are literally
drowned in charges and counter-charges designed to confuse them
and keep them from understanding the unconstitutional and evil
money-system that is so efficiently and silently robbing the
farmers, the workers, and the businessmen of the fruits of their
labors and of their freedoms.
When some few
Patriotic people or organizations who know the truth begin to
expose them or try to stop any of their mad schemes, they are
ridiculed and smeared as "right-wing extremists," "super-patriots,"
"ultra-rightists," "bigots," "racists,"
even "fascists" and "anti-Semites." Any name
is used which will cause them to shut up or will at least stop
other people from listening to the warning they are giving. Articles
and books such as you are now reading are kept out of schools,
libraries, and book stores.
Some, who are
especially vocal in their exposure of the treason against our
people, are harassed by government agencies such as the EPA,
OSHA, the IRS, and others, causing them financial loss or bankruptcy.
Using the above methods, they have been completely successful
in preventing most Americans from learning the things you have
read in this pamphlet. However, in spite of their control of
information, they realize many citizens are learning the truth.
Therefore, to prevent violence or armed resistance to their plunder
of America, they plan to register all firearms and eventually
to disarm all citizens. They have to eliminate most guns, except
those in the hands of their government police and army.
The "almost hidden" conspirators in politics, religion,
education, entertainment, and the news media are working for
a Banker-owned United States in a Banker-owned world under a
Banker-owned World Governments!
Love of Country
and concern for your children should make you deeply interested
in this, America's greatest problem, for our generation has not
suffered under the "yoke" as the coming generations
will. Usury and taxes will continue to take a larger and larger
part of the annual earnings of the people and put them into the
pockets of the Bankers and their political Agents. Increasing
"government" regulations will prevent citizen protest
and opposition to their control. Is it possible that your grandchildren
will own neither home nor car, but will live in "government-owned"
apartments and ride to work in "government-owned" buses
(both paying usury to the Bankers), AND BE ALLOWED TO KEEP JUST
ENOUGH OF THEIR EARNINGS TO BUY A MINIMUM OF FOOD AND CLOTHING
while their Rulers wallow in luxury? In Asia and eastern Europe
it is called "communism;" in America it is called "Democracy"
not shake off her Banker-controlled dictatorship as long as the
people are ignorant of the hidden controllers. International
financiers, who control most of the governments of the nations,
and most sources of information, seem to have us completely within
their grasp. They are afraid of only one thing: an awakened Patriotic
Citizenry, armed with the truth, and with a trust, in Almighty
God for deliverance.
This article has given you the truth about their iniquitous system.
What you do with it is in your hands.
the Bankers... started out as a small pamphlet back in the 60s.
In later life Pastor
was able to improve it and expand it into book form, with illustrations.
He died in 1985.
on money is not copyrighted. It may be reproduced in whole or
in part for the purpose of helping the American people).
What some famous
men have said about the money question
ALAN GREENSPAN: "In the absence
of the gold standard, there is no way to protect savings from
confiscation through inflation. ... This is the shabby secret
of the welfare statists' tirades against gold. Deficit spending
is simply a scheme for the confiscation of wealth. Gold stands
in the way of this insidious process. It stands as a protector
of property rights. If one grasps this, one has no difficulty
in understanding the statists' antagonism toward the gold standard."
"The system of banking [is] a blot left in all our Constitutions,
which, if not covered, will end in their destruction... I sincerely
believe that banking institutions are more dangerous than standing
armies; and that the principle of spending money to be paid by
posterity... is but swindling futurity on a large scale."
JAMES A. GARFIELD: "Whoever controls the volume of money in
any country is absolute master of all industry and commerce."
"The Federal Reserve(Banks) are one of the most corrupt
institutions the world has ever seen. There is not a man within
the sound of my voice who does not know that this Nation is run
by the International Bankers."
HORACE GREELEY: "While boasting
of our noble deeds were careful to conceal the ugly fact that
by an iniquitous money system we have nationalized a system of
oppression which, though more refined, is not less cruel than
the old system of chattel slavery."
"People who will not turn a shovel full of dirt on the project
(Muscle Shoals Dam) nor contribute a pound of material, will
collect more money from the United States than will the People
who supply all the material and do all the work. This is the
terrible thing about interest ...But here is the point: If the
Nation can issue a dollar bond it can issue a dollar bill. The
element that makes the bond good makes the bill good also. The
difference between the bond and the bill is that the bond lets
the money broker collect twice the amount of the bond and an
additional 20%. Whereas the currency, the honest sort provided
by the Constitution pays nobody but those who contribute in some
useful way. It is absurd to say our Country can issue bonds and
cannot issue currency. Both are promises to pay, but one fattens
the usurer and the other helps the People."
"A great industrial Nation is controlled by its system of
credit. Our system of credit is concentrated. The growth of the
Nation and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely
controlled and dominated Governments in the world - no longer
a Government of free opinion no longer a Government by conviction
and vote of the majority, but a Government by the opinion and
duress of small groups of dominant men." (Just before he
died, Wilson is reported to have stated to friends that he had
been "deceived" and that "I have betrayed my Country."
He referred to the Federal Reserve Act passed during his Presidency).
(President of the Bank of England in the 1920's, the second richest
man in Britain): "Banking was conceived in iniquity and
was born in sin. The Bankers own the earth. Take it away from
them, but leave them the power to create deposits, and with the
flick of the pen they will create enough deposits to buy it back
again. However, take it away from them, and all the great fortunes
like mine will disappear and they ought to disappear, for this
would be a happier and better world to live in. But, if you wish
to remain the slaves of Bankers and pay the cost of your own
slavery, let them continue to create deposits."
.L. B. ANGUS:
"The modern Banking system manufactures money out of nothing.
The process is perhaps the most astounding piece of sleight of
hand that was ever invented. Banks can in fact inflate, mint
and unmint the modern ledger-entry currency."
(Former Secretary of the British Treasury): "Banks lend
by creating credit. They create the means of payment out of nothing."
ROBERT HEMPHILL (Credit Manager of
Federal Reserve Bank, Atlanta, Ga.): "This is a staggering
thought. We are completely dependent on the commercial Banks.
Someone has to borrow every dollar we have in circulation, cash
or credit. If the Banks create ample synthetic money we are prosperous;
if not, we starve. We are absolutely without a permanent money
system. When one gets a complete grasp of the picture, the tragic
absurdity of our hopeless position is almost incredible, but
there it is. It is the most important subject intelligent persons
can investigate and reflect upon. It is so important that our
present civilization may collapse unless it becomes widely understood
and the defects remedied very soon."