The FED

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." -James Madison Learn more http://www.fdrs.org/banking_history.html

What is wrong with this system? A hell of a lot!

5. It encourages war and creates massive war debts. The BankLords fund all sides in conflicts.

6. It destabilizes the economy. The BankLords create the boom and bust cycles, ever so profiting.

8. It generates enormous profits which the cartel owners then channel into controlling governments.

Your birthright is to be born owning your share of the Planet Earth. Instead, you are born owning a share of the debt and its associated interest payments owed to the BankLords who created it from nothing with the stroke of a pen, the debt being owed by governments (World, national, state/provincial, regional/municipal/township/city/town) and corporations whose products you must buy to survive. A government for/of/by the people would issue money debt-free and interest-free. But, the Banklords have usurped this power from the people and are enslaving us, taking a tithe from us and our children, eternally, getting wealthier at our expense. This has been well explained by the previous quotes, especially from Thomas Jefferson. Here are some more:

"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest."
- Abraham Lincoln Learn more http://www.fdrs.org/money_creation.html

"You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out." (Speaking to the banking system)
Andrew Jackson Learn more http://www.fdrs.org/debt_termination.html

One of the most remarkable statements comes from British Lord Sir Josiah (John) Stamp, former director of the Bank of England and 2nd richest man in England in the 1920s said this speaking at the University of Texas in 1927 and repeated it at an address at Central Hall, London 1937, said: “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was every invented. Banking was started in iniquity and born in sin. Bankers own the Earth; take it away from them but leave them with the power to create credit, and, with a stroke of the pen, they will create enough money to buy it back again. Take this power away from them and all great fortunes, like mine, would disappear, for then this World would be a happier and better World to live in. But, if you want to be the slaves of Bankers and pay the cost of your own slavery, then let the Bankers create money and control credit.”

Amsel (Amschel) Bauer Mayer Rothschild, 1838: “Give me control of the economics of a country; and I care not who makes her laws. The few who understand the system, will either be so interested from its profits or so dependant on its favors, that there will be no opposition from that class”.

This system has been set up since the ancient feudal times of Nimrod who was a master enslaver and controlled his people with a cult of idolatry. This system causes the masses to keep incurring debt perpetually in enslavement to the BankLords who create the money from nothing and take a piece of our labor through taxes, inflation and interest tithes? The currency notes, issued with no liability to the BankLords, are an “I owe U” representing a national debt owed by the citizens of the country to whoever holds the currency or Treasury Bonds or Bills or other types of “Promises to Pay” against which these notes were issued. The BankLords who own the privately owned Federal Reserve banks and Commercial Banks and issue the notes for the cost of printing them have no liability because they have passed it on to the taxpayers by issuing the currency in the nations’ name holding all tax payers, past and future, liable for it (unless the country decides to default on its promise to pay by devaluating the currency or refusing to honor it when submitted by foreigners, at which point the BankLords get to grab more assets, etc.). In the past, US Banks issued their own private currencies; however, the Bank of England issued national currency since its start in 1694 and has thus been enslaving people since a longer time. Thus, whenever money is created by the BankLords, the debt is collectivized and passed on to the taxpayers as a whole. A VERY BIG FRAUD! If the currency had been issued by the government on behalf of the citizens as it should be, it would have been debt free and interest free while circulating within the country. The BankLords have usurped our lives by using us as collateral for the national currency which they issue. The ancient word for this is perpetual slavery and fiefdoms, including future generations.

The Entire system is based upon fraudulent transactions. A magic wand creates money (credit) out of thin air. The entire system is unconstitutional as the power to create money cannot be delegated to the private BankLords. Inflation is a hidden tax which hurts both the holders of the currency and the wage earners as the value of their labor is decreased. Devaluation is another hidden tax which also hurts foreign holders of the currency. Our income tax dollars go directly into the pockets of the BankLords (private shareholders of the Fed and major commercial banks). Meanwhile, the income earned by these shareholders is funneled through tax-free institutions such as the Ford Foundation, Rockefeller Foundation, etc. which is then used for propaganda in favor of the BankLords, and they do not pay any income tax on it. The money in our pockets is a debt to the Federal Reserve who created it without any liability to itself. The money is not backed by any hard asset such as gold. The FED was taken off the gold standard totally in the 1960s when it could no longer meet payments in gold and thus starting issuing bonds in payments for exchanges of US currency. The history of all fiat currencies (i.e. not backed by a hard asset) is that 100% of the time these currencies have devalued down to the paper with which they were created, i.e. to nothing. The peoples’ credit has been usurped by the feudal BankLords. The government politicians are now owned by the BankLords who use them to tax the American people any amount they wish and more through a process which the people do not understand called inflation. They don't realize they're being additionally taxed which makes it real handy when you're going for re-election. On the banking side they're able to earn perpetual interest on nothing ("perpetual" because remember when the loan is paid back it's turned around and loaned out to somebody else.) for the members of the banking cartel which created that money. We are not living as well as we could but people of this banking cartel system are undoubtedly living very well. Generally those are the ones who are up at the nozzle where this new money is coming into the system or they're involved in the government or they have government subsidies. For most people, away from the nozzle, it's not going so well, we're not living that well. Finally, when you have a money supply based upon thin air, the BankLords can expands it and contract it a will, amassing massive wealth in the process (see the later section on the booms and bust cycles).

Americas corrupt fiat money system is condemning the Citizenry by bidding the best and brightest talent away from main street free markets to the speculative and confiscatory activities that falsely promise enrichment without productively working. The "Carry trade" is a near limitless cash machine for banks and hedge funds. These speculators borrow OPM (other peoples’ money) from one nation and invest it in another. These funds create "bubbles". When these "bubbles" burst and assets depreciate, guess who holds the bag? The Bank of International Settlements last year estimated the turnover in exchange and interest rates derivatives markets at $2 .4 trillion a day!! In five days' time the sum of this gambling equals America's gross domestic product yearly. J.P. Morgan Chase is by far the biggest broker of this highly risky game that endangers most Americans. They unknowingly and/or forcibly fund this scam either through pension plans, stock ownership, taxes, insurance, and a whole host of other schemes. All businesses and economies need credit. However, when that power of credit is controlled by a small elite of international banksters, this will eventually spell disaster as most people can and will lose everything. After all, it is the genuine market oriented economic forces who always will foot the bill. In order to dissolve the "Banker" monopoly, the Law Bar Monopoly must also be dismantled. The "Color of money" issue can only be resolved once the "color of law" phenomenon is eliminated. The private printing of currency is ultimately due to the private control of government. No checks mean many imbalances.

http://www.house.gov/paul/congrec/congrec2006/cr042506.htm Gold was $20/ounce 1913-1934, thus today’s dollar is equivalent to 4cents in 1913]. Since 2001 however, interest in gold has soared along with its price with the price now over $600 an ounce. By holding paper money one loses purchasing power. The purchasing power of commodity money, i.e. gold, however, goes up if the government or FED or commercial banks through creation of fiat dollars which results in continuous inflation and other factors devalues the circulating fiat currency. Holding gold is protection or insurance against the BankLords’ proclivity to debase its currency. One of the characteristics of commodity money-- one that originated naturally in the marketplace-- is that it must serve as a store of value. Gold and silver meet that test-- paper does not. Because of this profound difference, the incentive and wisdom of holding emergency funds in the form of gold becomes attractive when the official currency is being devalued. It’s more attractive than trying to save wealth in the form of a fiat currency, even when earning some nominal interest. The lack of earned interest on gold is not a problem once people realize the purchasing power of their currency is declining faster than the interest rates they might earn. The purchasing power of gold can rise even faster than increases in the cost of living. Though our inflation-- i.e. the depreciation of the U.S. dollar-- has been insidious, average Americans are unaware of how this occurs. For instance, few Americans know nor seem concerned that the 1913 pre-Federal Reserve dollar is now worth only four cents. Officially, our central bankers and our politicians express no fear that the course on which we are set is fraught with great danger to our economy and our political system. The belief that money created out of thin air can work economic miracles, if only properly “managed,” is pervasive in D.C. In many ways we shouldn’t be surprised about this trust in such an unsound system. For at least four generations our government/BankLord-run universities have systematically preached a monetary doctrine justifying the so-called wisdom of paper money over the “foolishness” of sound money. Not only that, paper money has worked surprisingly well in the past 35 years-- the years the world has accepted pure paper money as currency. Alan Greenspan bragged that central bankers in these several decades have gained the knowledge necessary to make paper money respond as if it were gold. This removes the problem of obtaining gold to back currency, and hence frees politicians from the rigid discipline a gold standard imposes.

Many central bankers in the last 15 years became so confident they had achieved this milestone that they sold off large hoards of their gold reserves [thus artificially depressing gold prices]. At other times they tried to prove that paper works better than gold by artificially propping up the dollar by suppressing market gold prices. This recent deception failed just as it did in the 1960s, when our government tried to hold gold artificially low at $35 an ounce. But since they could not truly repeal the economic laws regarding money, just as many central bankers sold, others bought. It’s fascinating that the European central banks sold gold while Asian central banks bought it over the last several years. Since commodities have proven to be the real money of the ages, we see once again a shift in wealth from the West to the East, just as we saw a loss of our industrial base in the same direction. Though Treasury officials deny any U.S. sales or loans of our official gold holdings, no audits are permitted so no one can be certain. The special nature of the dollar as the reserve currency of the world has allowed this game to last longer than it would have otherwise, especially now with the extremely high oil prices, oil buyers have to acquire even more dollars, as long as oil keeps trading in dollars rather than some other currency. But the fact that gold has gone from $252 per ounce to over $600 means there is concern about the future of the dollar. The higher the price for gold, the greater the concern for the dollar. The number of dollars created by the Federal Reserve, and through the fractional reserve banking system, is crucial in determining how the market assesses the relationship of the dollar and gold. The incentive for central [and commercial] bankers to create new money out of thin air is twofold. One is to practice central economic planning through the manipulation of interest rates. The second is to monetize the escalating federal debt politicians create and thrive on.

Today no one in Washington believes for a minute that runaway deficits are going to be curtailed. In March alone, the federal government created an historic $85 billion deficit. The current supplemental bill going through Congress has grown from $92 billion to over $106 billion, and everyone knows it will not draw President Bush’s first veto. Most knowledgeable people therefore assume that inflation of the money supply is not only going to continue, but accelerate. There’s no single measurement that reveals what the Fed has done in the recent past or tells us exactly what it’s about to do in the future. Forget about the lip service given to transparency by new Fed Chairman Bernanke. Not only is this administration one of the most secretive across the board in our history, the current Fed firmly supports denying the most important measurement of current monetary policy to Congress, the financial community, and the American public. Because of a lack of interest and poor understanding of monetary policy, Congress has expressed essentially no concern about the significant change in reporting statistics on the money supply. Beginning in March, though planned before Bernanke arrived at the Fed, the central bank discontinued compiling and reporting the monetary aggregate known as M3. M3 is the best description of how quickly the Fed is creating new money and credit. Common sense tells us that a government central bank creating new money out of thin air depreciates the value of each dollar in circulation. Yet this report is no longer available to us and Congress makes no demands to receive it. Though M3 is the most helpful statistic to track Fed activity, it by no means tells us everything we need to know about trends in monetary policy. Total bank credit, still available to us, gives us indirect information reflecting the Fed’s inflationary policies. But ultimately the markets will figure out exactly what the Fed is up to, and then individuals, financial institutions, governments, and other central bankers will act accordingly. The fact that our money supply is rising significantly cannot be hidden from the markets.

The response in time will drive the dollar down, while driving interest rates and commodity prices up. Already we see this trend developing, which surely will accelerate in the not too distant future. Part of this reaction will be from those who seek a haven to protect their wealth-- not invest-- by treating gold and silver as universal and historic money. This means holding fewer dollars that are decreasing in value while holding gold as it increases in value. A soaring gold price is a vote of “no confidence” in the central bank and the dollar. This certainly was the case in 1979 and 1980. Today, gold prices reflect a growing restlessness with the increasing money supply, our budgetary and trade deficits, our unfunded liabilities, and the inability of Congress and the administration to reign in runaway spending. And in the meantime, other market imbalances develop. Likewise, a fiat monetary system encourages speculation and unsound borrowing. As problems develop, scapegoats are sought and frequently found in foreign nations. This prompts many to demand altering exchange rates and protectionist measures. Though everyone decries inflation, trade imbalances, economic downturns, and federal deficits, few attempt a closer study of our monetary system and how these events are interrelated. Even if it were recognized that a gold standard without monetary inflation would be advantageous, the BankLords would not allow their bribed politicians to accept it. After all, they bribed the politicians and press in 1913 to get their private Federal Reserve banking cartel legislated! The political disadvantages of living with the discipline of gold are that it serves as a check on government size and power. Special interest groups, who vigorously compete for federal dollars, want to perpetuate the system rather than admit to a dangerous addiction. Those who champion welfare for the poor, entitlements for the middle class, or war contracts for the military industrial corporations, all agree on the so-called benefits bestowed by the Fed’s power to counterfeit fiat money. Bankers, who benefit from our fractional reserve system, likewise never criticize the Fed, especially since it’s the lender of last resort that bails out financial institutions when crises arise. And it’s true, special interests and bankers do benefit from the Fed, and may well get bailed out-- just as we saw with the Long-Term Capital Management fund crisis a few years ago. In the past, companies like Lockheed and Chrysler benefited as well.

Foreign policy plays a significant role in the economy and the value of the dollar. A foreign policy of militarism and empire building cannot be supported through direct taxation. The American people would never tolerate the taxes required to pay immediately for overseas wars, under the discipline of a gold standard. Borrowing and creating new fiat money from nothing is much more politically palatable. It hides and delays the real costs of war, and the people are lulled into complacency-- especially since the wars we fight are couched in terms of patriotism, spreading the ideas of freedom, and stamping out terrorism. Unnecessary wars and fiat currencies go hand-in-hand, while a gold standard encourages a sensible foreign policy. The cost of war is enormously detrimental; it significantly contributes to the economic instability of the nation by boosting spending, deficits, and inflation. Funds used for war are funds that could have remained in the productive economy to raise the standard of living of Americans now unemployed, underemployed, or barely living on the margin. Yet even these costs may be preferable to paying for war with huge tax increases. This is because although fiat dollars are theoretically worthless, value is imbued by the trust placed in them by the world’s financial community. Subjective trust in a currency can override objective knowledge about government policies, but only for a limited time. Economic strength and military power contribute to the trust in a currency; in today’s world trust in the U.S. dollar is not earned and therefore fragile. The history of the dollar, being as good as gold up until 1971 [actually 1934], is helpful in maintaining an artificially higher value for the dollar than deserved. Foreign policy contributes to the crisis when the spending to maintain our worldwide military commitments becomes prohibitive, and inflationary pressures accelerate. But the real crisis hits when the world realizes the king has no clothes, in that the dollar has no backing, and we face a military setback even greater than we already are experiencing in Iraq. Our token friends may quickly transform into vocal enemies once the attack on the dollar begins.

False trust placed in the dollar once was helpful to us, but panic and rejection of the dollar will develop into a real financial crisis. Then we will have no other option but to tighten our belts, go back to work, stop borrowing, start saving, and rebuild our industrial base, while adjusting to a lower standard of living for most Americans. Counterfeiting the nation’s money is a serious offense. The founders were especially adamant about avoiding the chaos, inflation, and destruction associated with the Continental dollar. That’s why the Constitution is clear that only gold and silver should be legal tender in the United States. In 1792 the Coinage Act authorized the death penalty for any private citizen who counterfeited the currency. Too bad they weren’t explicit that counterfeiting by government officials is just as detrimental to the economy and the value of the dollar. In wartime, many nations actually operated counterfeiting programs to undermine our dollar, but never to a disastrous level. The enemy knew how harmful excessive creation of new money could be to the dollar and our economy. But it seems we never learned the dangers of creating new money out of thin air. We don’t need an Arab nation or the Chinese to undermine our system with a counterfeiting operation. We do it ourselves, with all the disadvantages that would occur if others did it to us. Today we hear threats from some Arab, Muslim, and far Eastern countries about undermining the dollar system- not by dishonest counterfeiting, but by initiating an alternative monetary system based on gold. Wouldn’t that be ironic? Such an event theoretically could do great harm to us. This day may well come, not so much as a direct political attack on the dollar system but out of necessity to restore confidence in money once again.

Historically, paper money never has lasted for long periods of time, while gold has survived thousands of years of attacks by political interests and big government. In time, the world once again will restore trust in the monetary system by making some currency as good as gold. Gold, or any acceptable market commodity money, is required to preserve liberty. Monopoly control by government [actually by the banking cartel composed of the major owners of the Fed and largest commercial banks] of a system that creates fiat money out of thin air guarantees the loss of liberty. No matter how well-intended our militarism is portrayed, or how happily the promises of wonderful programs for the poor are promoted, inflating the money supply to pay these bills makes government bigger. Empires always fail, and expenses always exceed projections. Harmful unintended consequences are the rule, not the exception. Welfare for the poor is inefficient and wasteful. The beneficiaries are rarely the poor themselves, but instead the politicians, bureaucrats, or the wealthy. The same is true of all foreign aid-- it’s nothing more than a program that steals from the poor in a rich country and gives to the rich leaders of a poor country. Whether it’s war or welfare payments, it always means higher taxes, inflation, and debt. Whether it’s the extraction of wealth from the productive economy, the distortion of the market by interest rate manipulation, or spending for war and welfare, it can’t happen without infringing upon personal liberty. At home the war on poverty, terrorism, drugs, or foreign rulers provides an opportunity for authoritarians to rise to power, individuals who think nothing of violating the people’s rights to privacy and freedom of speech. They believe their role is to protect the secrecy of government, rather than protect the privacy of citizens. Unfortunately, that is the atmosphere under which we live today, with essentially no respect for the Bill of Rights. Though great economic harm comes from a BankLords’ cartel monopoly fiat monetary system, the loss of liberty associated with it is equally troubling. Just as empires are self-limiting in terms of money and manpower, so too is a monetary system based on illusion and fraud. When the end comes we will be given an opportunity to choose once again between honest money and liberty on one hand; chaos, poverty, and authoritarianism on the other.

The economic harm done by a fiat monetary system is pervasive, dangerous, and unfair. Though runaway inflation is injurious to almost everyone, it is more insidious for certain groups. Once inflation is recognized as a tax, it becomes clear the tax is regressive: penalizing the poor and middle class more than the rich and politically privileged. Price inflation, a consequence of inflating the money supply by the central bank, hits poor and marginal workers first and foremost. It especially penalizes savers, retirees, those on fixed incomes, and anyone who trusts government promises. Small businesses and individual enterprises suffer more than the financial elite, who borrow large sums before the money loses value. Those who are on the receiving end of government contracts--especially in the military industrial complex during wartime-- receive undeserved benefits. It’s a mistake to blame high gasoline and oil prices on price gouging. If we impose new taxes or fix prices, while ignoring monetary inflation, corporate subsidies, and excessive regulations, shortages will result. The market is the only way to determine the best price for any commodity. The law of supply and demand cannot be repealed. The real problems arise when government planners give subsidies to energy companies and favor one form of energy over another. Energy prices are rising for many reasons: Inflation; increased demand from China and India; decreased supply resulting from our invasion of Iraq; anticipated disruption of supply as we push regime change in Iran; regulatory restrictions on gasoline production; government interference in the free market development of alternative fuels; and subsidies to big oil such as free leases and grants for research and development.

Interestingly, the cost of oil and gas is actually much higher than we pay at the retail level. Much of the DOD budget is spent protecting “our” oil supplies, and if such spending is factored in gasoline probably costs us more than $5 a gallon. The sad irony is that this military effort to secure cheap oil supplies inevitably backfires, and actually curtails supplies and boosts prices at the pump. The waste and fraud in issuing contracts to large corporations for work in Iraq only add to price increases. When problems arise under conditions that exist today, it’s a serious error to blame the little bit of the free market that still functions. Last summer the market worked efficiently after Katrina-- gas hit $3 a gallon, but soon supplies increased, usage went down, and the price returned to $2. In the 1980s, market forces took oil from $40 per barrel to $10 per barrel, and no one cried for the oil companies that went bankrupt. Today’s increases are for the reasons mentioned above. It’s natural for labor to seek its highest wage, and businesses to strive for the greatest profit. That’s the way the market works. When the free market is allowed to work, it’s the consumer who ultimately determines price and quality, with labor and business accommodating consumer choices. Once this process is distorted by government, prices rise excessively, labor costs and profits are negatively affected, and problems emerge. Instead of fixing the problem, politicians and demagogues respond by demanding windfall profits taxes and price controls, while never questioning how previous government interference caused the whole mess in the first place. Never let it be said that higher oil prices and profits cause inflation; inflation of the money supply causes higher prices! Since keeping interest rates below market levels is synonymous with new money creation by the Fed, the resulting business cycle, higher cost of living, and job losses all can be laid at the doorstep of the Fed. This burden hits the poor the most, making Fed taxation by inflation the worst of all regressive taxes. Statistics about revenues generated by the income tax are grossly misleading; in reality much harm is done by our welfare/warfare system supposedly designed to help the poor and tax the rich. Only sound money can rectify the blatant injustice of this destructive system. The Founders understood this great danger, and voted overwhelmingly to reject “emitting bills of credit,” the term they used for paper or fiat money. It’s too bad the knowledge and advice of our founders, and their mandate in the Constitution, are ignored today at our great peril. The current surge in gold prices-- which reflects our dollar’s devaluation-- is warning us to pay closer attention to our fiscal, monetary, entitlement, and foreign policy.

If one endorses small government and maximum liberty, one must support commodity money. One of the strongest restraints against unnecessary war is a gold standard. Deficit financing by government is severely restricted by sound money. The harmful effects of the business cycle are virtually eliminated with an honest gold standard. Saving and thrift are encouraged by a gold standard; and discouraged by paper money. Price inflation, with generally rising price levels, is characteristic of paper money. Reports that the consumer price index and the producer price index are rising are distractions: the real cause of inflation is the Fed’s creation of new money. Interest rate manipulation by central bank helps the rich, the banks, the government, and the politicians. Paper money permits the regressive inflation tax to be passed off on the poor and the middle class. Speculative financial bubbles are characteristic of paper money-- not gold. Paper money encourages economic and political chaos, which subsequently causes a search for scapegoats rather than blaming the central bank. Dangerous protectionist measures frequently are implemented to compensate for the dislocations caused by fiat money. Paper money, inflation, and the conditions they create contribute to the problems of illegal immigration. The value of gold is remarkably stable. The dollar price of gold reflects dollar depreciation. Holding gold helps preserve and store wealth, but technically gold is not a true investment.

Since 2001 the dollar has been devalued by 60%. In 1934 FDR devalued the dollar by 41%. In 1971 Nixon devalued the dollar by 7.9%. In 1973 Nixon devalued the dollar by 10%. These were momentous monetary events, and every knowledgeable person worldwide paid close attention. Major changes were endured in 1979 and 1980 to save the dollar from disintegration. This involved a severe recession, interest rates over 21%, and general price inflation of 15%. Today we face a 60% devaluation and counting, yet no one seems to care. It’s of greater significance than the three events mentioned above. And yet the one measurement that best reflects the degree of inflation, the Fed and our government deny us. Since March, M3 reporting has been discontinued. For starters, I’d like to see Congress demand that this report be resumed. I fully believe the American people and Congress are entitled to this information. Will we one day complain about false intelligence, as we have with the Iraq war? Will we complain about not having enough information to address monetary policy after it’s too late? If ever there was a time to get a handle on what sound money is and what it means, that time is today. Inflation, as exposed by high gold prices, transfers wealth from the middle class to the rich, as real wages decline while the salaries of CEOs, movie stars, and athletes skyrocket-- along with the profits of the military industrial complex, the oil industry, and other special interests. A sharply rising gold price is a vote of “no confidence” in Congress’ ability to control the budget, the Fed’s ability to control the money supply, and the administration’s ability to bring stability to the Middle East. Ultimately, the gold price is a measurement of trust in the currency and the politicians who run the country. It’s been that way for a long time, and is not about to change. If we care about the financial system, the tax system, and the monumental debt we’re accumulating, we must start talking about the benefits and discipline that come only with a commodity standard of money-- money the BankLords absolutely cannot create out of thin air. Economic law dictates reform at some point. But should we wait until the dollar is 1/1,000 of an ounce of gold or 1/2,000 of an ounce of gold? The longer we wait, the more people suffer and the more difficult reforms become. Runaway inflation inevitably leads to political chaos, something numerous countries have suffered throughout the 20th century. The worst example of course was the German inflation of the 1920s that led to the rise of Hitler. Even the communist takeover of China was associated with runaway inflation brought on by Chinese Nationalists. The time for action is now, and it is up to the American people and the U.S. Congress to demand it. When the hyperinflationary process ends we will enter a new economic and financial dark age that could last for many years, not unlike the collapse of the Roman Empire, the collapse of the Venetian banking system in 1348, the collapse of the Lombard League in the 1500s and that of the Hanseatic League of the 1600s and Weimer Germany 1923. As you can see this is nothing new. All you have to do is read history.

Let's talk briefly about what the objectives of the Federal Reserve System are. We've been told over and over again that the purpose of the Fed is to stabilize the economy. Right now with the interest rates going up, up, up what are we told? why are they doing that? Well, that's to stabilize the economy so we won't have massive inflation right? It's being done for us folks! Don't you feel just warm all over knowing that they're looking out for you? That's always the answer; the purpose of the Fed is to look out for us and stabilize the economy, put an end to banking anarchy and all that sort of thing. Right now the textbook that is most commonly used in our school systems in economics is a book written by Paul Samuelson and in that book here's what he says regarding the purpose of the Fed: "The Federal Reserve sprang from the panic of 1907 with its alarming epidemic of bank failures. The country was fed-up once and for all with the anarchy of unstable private banking." That's what the students are learning. Let's let that go for the moment and say ok if that is the purpose of the Fed, let's give it a report card and see how well it has done in stabilizing the economy. Since it was created in 1913 the Federal Reserve System has presided over the crashes of 1921 and 1929, the Great Depression of 1929-1939, recessions in the years 1953, 1957, 1969, 1975 and 1981, and a stock market Black Monday in 1987. We all know that corporate debt is soaring, personal debt is greater than ever before, both business and personal bankruptcies are at an all-time high, banks and savings and loan associations have failed in greater numbers than ever before in our history, interest on the national debt now consumes half of all of our tax dollars, heavy industry has all but been replaced by overseas competition, we're facing an international trade deficit for the first time in our history, 75% of downtown Los Angeles and other metropolitan areas are now owned by foreigners and over half of the nation now officially is in a state of recession.

Agricultural Panic of 1921: So successful was this deliberately induced panic by the Federal Reserve Board that commodity prices fell 50% and industrial production 32%. Thousands of farms were foreclosed in 1920-1921. This contrived policy of the Fed broke over 5400 banks. The giant banks picked up the assets of the broken ones, in many cases at 5 to 7 cents on the dollar, and many of the larger bankrupt businesses were acquired by corporations owned or controlled by the same "Insiders"

That is the report card for the Federal Reserve System after 80 years of stabilizing our economy. I don't even think it's controversial to say that it has failed to meet its stated objectives. The only controversial part is why has it failed? My answer is because those have never been its real objectives at all. What are its objectives? What are the objectives of any cartel? To make money for the members of the cartel, to improve the profit margins of the members of the cartel and to stabilize themselves in the marketplace. That is the true objective of the Federal Reserve System. Now if we hold that up as our guiding principle and give the Federal Reserve a report card it gets a different grade. In particular I'd like to have you look with me at three particular objectives which were very well discussed in that period in which the Federal Reserve System was created. We always have to go back to that because we can learn so much from that period of history. There were three things that the Bankers, particularly the ones on Jekyll Island, wanted the Federal Reserve Act to accomplish. What are they? The first one was to stop the erosion of their power away from New York. Just the opposite of what the Federal Reserve Act was sold to us as to accomplish, to keep the power of New York. They were concerned that as the nation was expanding westward and southward new banks were springing up all along the frontier and every year a little bit more of the nation's capital would drift away from New York. They still had the lion's share, of course, but they could see the chart and they knew that they had to put a stop to that now while they still had the power to do so. Competition is a sin said John D. Rockefeller I and that includes competition from these upstart banks.

It's a good point to mention that when I'm talking about the banking cartel I'm talking primarily about the big New York banks and not the local bank down the street that's struggling under the system. One of the purposes of the Federal Reserve System was to keep the lid on those new competitive banks so they could never grow and become large like the ones on Wall Street. The small banks have always been the target in this system and needed to be kept in line, to be regulated out of existence, a process which you've noticed has been going on for many, many years. There is objective number one, to keep control over the money markets in New York. Objective number two was to reverse the trend of what is called private capital formation. That's banker language for a process in which an individual or a corporation uses their own savings to pay for something instead of going to the bank and borrowing it, if you can imagine that happening. It was happening at the turn of the century. The trend was that businesses in particular were withholding some of their dividends each quarter and putting that money into a sinking fund and then as the money accumulated or as the capital formed, then they finally had enough that they could use their own money to build that new factory or to launch a research & development project or whatever instead of going to the banks and borrowing for it. The banks were very concerned over this trend because this is their life-blood. Loaning money is what they do so how do you loan money when people don't want to borrow it? The answer they knew, and they talked a lot about this, was to lower interest rates, get those rates down so that they were so attractive that people would be crazy not to come to the banks and borrow money at those good interest rates.

How do you lower interest rates? Today it's easy when you've got the lever at the Federal Reserve you just throw it up or down and interest rates go up or down; you have total control over it. In 1913 there was no lever. The money in those days was backed by gold and silver and they couldn't control it. They hated that. These guys hate gold and silver behind money because under those conditions interest rates are the result of the natural forces of supply and demand; they couldn't just create money out of nothing. It was the result of the interaction of millions of people bidding for products and services and digging money out of the ground, literally gold and silver and converting into money. They were looking for a way to artificially push the interest rates down. How do you do that? They said the only way you can do that is with a flexible currency. That was the cry that they put up in those days. What the nation needs, they said, is a flexible currency to meet the demands of industry and agriculture. You still hear that phrase today--"flexible currency." What does that mean? You need a dictionary sometimes to look these phrases up. Flexible currency does not mean the paper stuff in our pockets that bends, it means money created out of nothing. The trick here is not hard to figure out. If you can create money out of nothing, you don't have to charge an awful lot of interest on it to show a profit. It's that simple. If you have a flexible currency you can in fact lower interest rates and still do pretty well, can't you? They wanted a flexible currency so they could lower interest rates and entice people back into the banks to borrow money and to reverse the trend toward private capital formation. Objective number two.

The third objective was to pass on the inevitable losses within the banking system on to the taxpayer in the name of protecting the people. Those were three of the major objectives at the time the Federal Reserve System was created. I say those are the true objectives of the Fed. On that basis, let's give it a report card. Did it keep control in New York in the hands of the larger banks? The answer is a resounding yes. Anyone who knows about the financial markets knows that this is definitely what's happened. Yes we have big banks in the west and in the south but they're nothing compared to those banks in New York which are astride the World with offices in Peking and Moscow and Africa and everywhere; these are the giants and they have remained that way from the very beginning because of the Federal Reserve System. A few years ago there was a book that was published by Simon & Schuster and it was called "Secrets of the Temple" written by William Grider(?). It was a best-seller and it was advertised as a scathing attack against the Federal Reserve System. When I heard that I couldn't believe my ears. A scathing attack against the Federal Reserve System published by Simon & Schuster? one of the big publishing houses? I thought, I don't have to finish my own book, they've done it. So I ran down and got a copy of the book and devoured it and read it in one day and I was totally amazed on two points. First of all, much to my surprise, I did not expect this, Grider's history was, I thought, excellent. I thought it would be a whitewash but his history was right-on. He had all the gory details and I couldn't believe it but I knew these things were true because I was right then in the middle of researching them. On the subject of the concentration of power in New York, I'd like to read to you an excerpt from Grider's book. He said: "At the time [he's talking about 1913] the conventional wisdom in Congress was that the government institution would finally harness the money trust, disarm its powers and establish broad democratic control over money and credit. The results were nearly the opposite. The money reforms enacted in 1913 in fact helped to preserve the status quo, to stabilize the old order. Money center Bankers would not only gain dominance over the new central bank but would also enjoy new insulation against instability and their own decline. Once the Fed was in operation the steady diffusion of financial power halted. Wall Street maintained its dominant position and even enhanced it."

The other thing that amazed me was Grider's conclusion. He proved that the Federal Reserve had always acted against the public interest. He proved that it was designed to do that from the very beginning so what do you suppose his conclusion was regarding a solution? that we abolish the Fed? No, nothing that extreme. How about a major overhaul? No, not necessary. What then? Grider said, you see it's all so complicated, we're learning as we go, we've made a lot of mistakes but don't worry folks we're on it now, relax, it's under control, all we need now is wiser men. That is the kind of powder-puff criticism it takes to be published by Simon & Schuster or any of the other major publishing houses which are firmly interlocked in the investment web on Wall Street. It doesn't make any difference how accurate your history is; it doesn't make any difference how much you point with alarm or how righteous you may sound if you have no realistic solution to the problem then who cares? They like that because it gives the people the impression that something's being done, somebody is really calling attention to the problem. But they have no solution or they're carefully selected so that the ones with the real solutions do not get the media, do not get the major publishing houses. This is a tactic which we have to better understand especially in these critical days ahead. A tactic of controlled opposition. It makes no difference how accurate you are when you're pointing to the problems in America. If you don't have a solution what difference does it make? If your solution is put wiser men in there or if your solution is vote Republican and don't ask questions about what kind of Republican then you are controlled opposition and this is something we have to be very, very alert to in these critical days ahead.

Back to the topic. The Federal Reserve System gets an A on its report card for maintaining control over the financial markets in New York. What about reversing the trend toward private capital formation. Boy, did they ever. Periodically they get those interest rates down so low and everybody is lured into the banks. Borrow like crazy and then the economy crunches down and they're all stuck with this overhead and they can't make their interest payments. We've seen businesses go out of existence because they cannot service their debt. You've seen people lose their homes and their cars because they cannot service their debt. There are many giant corporations today that are just hanging in there by the skin of their teeth because of their debt overhead. The fact is that many of these companies now send more money to the banks every quarter in the form of interest payments on their loans than they send to their stockholders as dividends on their stock. Think about that for a minute. The banks which had no part in the operation of the company whatsoever, the banks which made this money out of nothing are making more money from these industries than the people who work for the money, save the money, invested the money and risked the money to own those corporations. This is because they quite successfully reversed the trend toward private capital formation and they did it with a flexible currency. The Federal Reserve System gets an A+ on its report card for objective number two.

Finally, did they pass along their inevitable loses to the taxpayer in the name of protecting the people? This is what I call "Operation Bail-Out." Every time one of the big banks gets into trouble, not the small banks remember, they're the competition, the big banks get into trouble and they are bailed out at taxpayers' expense. Always in the name of protecting the people. If a large corporation is in trouble because it can't make its interest payments to the bank anymore, they go to Congress and say "we can't let this corporation fold; look at the thousands of jobs that would be lost; look how the people would suffer." When a third World country can no longer make its interest payments to a large bank in New York, what happens? The bank goes to Congress and says "you know, you'd better do something about this because if we have to write that loan off of our books we may be bankrupt, we could fold. And look at all of the depositors, good Americans, who have their accounts with us who would lose their deposit. Maybe the FDIC won't be able to cover; we could have a crisis on our hands. If our bank falls maybe the other banks will fall too and we'll have a national recession. Look how the people will suffer." So Congress dutifully steps forward, remember it's a partner in this, and votes the funds to guarantee the loans or in some way to pass the payments on directly or indirectly in some very ingenious methods to the taxpayer. That money is raised primarily through the Federal Reserve System and we pay it through the Mandrake Mechanism. So the Federal Reserve System has done pretty well on that. In case you have missed a few of the more memorable games, I'd like to review them for you. Penn Central Railroad was bailed out in 1970. That was a good year because Lockheed Corporation was bailed out the same year. Commonwealth Bank of Detroit was bailed in 1972; New York City in 1975; Chrysler in 1978; First Pennsylvania Bank in 1980; Continental Illinois, the largest of the banks so far, in 1982. And look at all of these third World countries which cannot pay their interest payments. They are paying their interest payments and you're doing it for them because the Federal Reserve System creates the money that we send to the International Monetary Fund and the World Bank and then they give it to those countries so that they can pay the interest to the banks. Maybe you've missed that little trail but that's how it works. The Federal Reserve System gets an A+++ on all of these points and it has surely been a huge success in terms of the people who created it.

Actions have consequences and one of the consequences of this scam is what we call a "national debt." It’s rapidly approaching 5 trillion dollars that we know about, it's much higher than that if you include the unfunded debt and all of the things that are off-budget and all of the funny stuff that they do with the accounting in Washington. With all honest accounting you'd find it was much, much higher than that. But even at 5 trillion dollars it's a staggering figure. I'm told if we had a stack of $100 bills about 40 inches high we'd be a millionaire. A stack of $100 bills equaling 5 trillion dollars would rise into space 3,350 miles. That's a lot of money and it all came from us and it's earning perpetual interest. Another way of measuring that is that we've had a known inflation of 1,000% since the Federal Reserve System was created. Another way of phrasing that is that a dollar in 1913 today buys about nine cents worth of goods. That's how much money has been taken from us, taxed from us, through this hidden process.

I say 1,000% inflation that is known because it's much more than that. Have you ever wondered, as I used to, why don't we have more inflation than we have had? I knew they were creating this money like crazy, why only this inflation? And then I found out. Have you ever heard the expression that we're "exporting our inflation." Every once in a while you find that phrase in the financial section of the newspaper. It used to drive me crazy--how can you export inflation? It's one of those phrases that people use and I'm not sure most of the people who use the phrases know what they mean. Like the other day I read that the Federal Reserve System bought dollars today to bolster up the dollar. How can you buy dollars? What do you buy it with? They buy it with other currencies; the Federal Reserve holds a lot of different currencies, yens and Deutch marks and that kind of thing so they just swap currencies around. This expression of exporting inflation--what does that mean? It means 70% of the American currency that has been created by our Federal Reserve System is no longer in America, it's overseas. Other nations use American dollars as their unofficial money supply. Especially those countries which have no realistic money of their own. These countries that undergo inflation rates of 5,000 and 10,000% a year, you can't work with money like that. Women have to take wheelbarrows full of paper money to the grocery store to buy a bottle of milk. You can't carry on any serious economic transaction with money like that and they don't, they use American dollars. All the banks in those systems have dual types of money. American dollars are the mainstay of economic transactions in most of those countries. That's where a lot of our money went. We have been spared the inflationary impact of all that money because had it stayed here, it would've bid against the existing money here and would have diluted our pot even more and we would've known what the inflation should've been. What happens when the day comes when for whatever reason these countries can no longer, or no longer wish to, use American dollars? What are they going to do with those dollars? They'll send them back. They'll buy something with them while they can. It'll be a big rush. It'll be our refrigerators, our automobiles, our real estate, our high-rise buildings, our corporate stock, our politicians, whatever's for sale. All of this money will come in and then we'll find out in a very short period of time what the true inflation rate really should have been all of these years.

Incidentally, if you've followed in the newspapers the talk about the new money that they're going to release, they're talking about two-tiered money, one for overseas and one for here. It will probably be a different color. Frankly I think they're recognizing this fact that the money would return and they're going to make it illegal for all of this overseas money to come back by making it a different color so that they won't be able to bring it here or if you do bring it here you won't be able to spend it here, it won't be legal here. Those are some of the consequences of the actions of the Federal Reserve Scam. I have one last topic that I want to talk to you about and then I'll get to the conclusion. This is an extremely important topic and it has to do with usury. In ancient times usury was defined as interest on a loan, any interest on any loan. In modern times that has been redefined to mean excessive interest on a loan. Moderate interest seems logical to us in recognition of the fact that if we work hard for our money, we save it and surrender its use for a period of time being a sacrifice on our part and then loan it to somebody else for their venture, we're entitled to a reasonable return on that sacrifice. A reasonable interest rate is a concept that very few people have problems with, it seems logical and fair.

But what is this thing called excessive interest? Thomas Edison said, "People who will not turn a shovel-full of dirt on the project nor contribute a pound of materials will collect more money than will the people who will supply all the materials and do all the work." I wondered when I read that if Tom was exaggerating so I got my calculator out. I assumed that there was going to be a $100,000 house built. I assumed that $30,000 would have to go for land, architect's fees and permits and that kind of thing. $70,000 would go for the actual construction of the house, building materials and labor. I assumed that the buyer would go to the bank and put 20% down and then borrow the balance at 10% over 30 years. I punched in the numbers and discovered that the borrower will pay to the bank in interest $172,741 compared to $70,000 paid for the construction of the house. In other words, about 2 1/2 times as much money will be paid to the bank in interest than will be paid to those who provide all the labor and all the materials. And you may say to yourself, yes but that's fair, after all a 30 year loan is a long loan and people work for their money and sacrifice its use and loan it and so forth and deserve to be compensated. No. Not this money. Nobody worked for this money, nobody saved this money. There was no sacrifice of any kind for this money. This money was created out of nothing and I suggest that $172,741 interest on nothing is excessive!

I think it's time for a new definition of usury as follows: any interest on any loan of fiat money (meaning money made out of nothing). This example of a $100,000 home, as shocking as it is, producing $172,741 unearned interest, this is just a grain of sand in the Sahara. You have to multiply that by all the homes in America, by all of these hotels in America, all the high-rise buildings, all the factories, all the airplanes, automobiles, farm equipment, schools, everything, all the physical assets of America. You apply this same ratio and can you see it in your mind? We're talking about a river of unearned wealth that is so wide you can't even think of crossing it, flowing perpetually into the banking cartel. A dead short across the productive element of society. Money being taken from people who are working hard providing the material and the labor. They don't even know that this is being taken from them and it's in this huge river of wealth flowing into the banking cartel. It's a staggering thought. You are led to the question of where is this river flowing? Where's it going? Get a picture of this that it's all going into a lake somewhere and maybe there's a dam and the wealth is building up and somewhere they're getting it all. Getting it no, they're spending it. They're not accumulating it at all. What are they spending it for? The answer may surprise you. They're not buying more yachts and mansions with this money, they've already got all of those they possibly want. In fact they got rid of the mansions on Jekyll Island a long time ago because they were bored with that. That's not it. When a person has all the wealth that you could possibly want for the material pleasures of life, what is left? Power. They are using this river of wealth to acquire power over you and me and our children.

They are spending it to acquire control over the power centers of society. The power centers are those groups and institutions through which individuals live and act and rely on for their information. They are literally buying up the World but not the real estate and the hardware, they're buying control over the organizations, the groups and institutions that control people. In other words, to be specific, they are buying control over politicians, political parties, television networks, cable networks, newspapers, magazines, publishing houses, wire services, motion picture studios, universities, labor unions, church organizations, trade associations, tax-exempt foundations, multi-national corporations, boy scouts, girl scouts, you name it. Make your own list of organizations and you will find that this is where those people have been for many decades spending this river of wealth to acquire operational control particularly over those institutions and individuals, those organizations that represent opposition to themselves. That's a critical area for expenditure on their part. This process has gone on not only to a marked degree in America and in the other industrialized nations of the World, but it has gone on in the so-called third World or underdeveloped nations to such a degree that I would say the process is now complete. They own these countries already. Have you ever wondered what's going on there at the International Monetary Fund and the World Bank? Kind of an obscure operation isn't it? you don't read much about it except once in a while on the back page of the newspaper you find out that Congress at the insistence of the President authorized another $100 billion for the International Monetary Fund. And then the article tells you that this money will be used to make loans to underdeveloped nations or grants to them to raise their standard of living. Do you believe that? That's one of those appearances of the fourth kind if you ever saw one. If the money is to be used to raise the standard of living of these countries they're not doing a very good job of it because after all of these decades, after all of these hundreds of billions of dollars, you cannot point to one country that has had its standard of living raised one iota by that. In fact in most cases it's the other way around and that's not an accident because the money has not been used to raise the standard of living. The money does not go to the people in those countries. It goes to the politicians of those countries, to their governments and the money is designed and spent to strengthen their power structures, their ability to control their populations. They usually start off as inefficient dictatorships but by the time they get all this money from the IMF, they are now efficient dictatorships. They have a well-equipped army, a better bureaucracy, for total control of their subjects. That's where the money's being spent.

These countries have been purchased because the politicians in those countries are now totally addicted to this money. We talk about welfare families in America that are third and fourth generation welfare, they're on the dole forever, they cannot dream of anything else. The politicians in these countries are the same way and it's now second, third and in some cases fourth generation international welfare from the United Nations funding. They have no ideology--communism, socialism, capitalism, fascism, what difference does it make? where's the money? As long as they live well, they have their mansions, their yachts, their limousines, they go to New York to the UN and have their suites at the Waldorf-Asoria and that's all they care about. These countries have been purchased through this means and are now owned by this group at the UN and they're firmly in place in the new World order where they're just waiting for you and me to show up. That's the other side of this coin. Not only does this transfer of wealth from America to these countries not raise their standard of living but it does lower ours. That too, believe it or not, is part of the plan. Just waste, get rid of money, get rid of productive power to reduce our standard of living. A strong nation is not a candidate to surrender its sovereignty but a weak nation is. If America can be brought to her knees where she is struggling for survival, if people are hungry, if we have riots in our streets, then Americans could possibly be grateful for any assistance we could get from the UN. Those wonderful blue-helmeted peace-keeping forces could bring order back to our streets or international money, a new World money with purchasing power again might be welcomed by the unthinking, unknowing American public. That is what we're dealing with. What I'm trying to say is that the name of the game out there is not wealth, it is power. --- end of speech.

Structure and Characteristics of The Families Owning the Major Banks

Background sign in picture: “Israeli government: stop oppressing religious Jewry in the State of Israel.” Jews Against Zionism protesting in New York Feb 12, 2002.

Illuminati (Globalists & Zionists Lords): "The Illuminati is a group that practices a form of faith known as "enlightenment". It is Luciferian (Satanic Idolatry or the Synagogue of Satan as referred to in the Bible), and teaches followers that their roots go back to the ancient mystery religions of Babylon, Egypt, and Celtic druidism. They have taken what they consider the "best" of each, the foundational practices, and joined them together into a strongly Occult discipline. Many groups at the local level worship a trinity of ancient deities such as "El", "Baal", and "Ashtarte", as well as "Isis and Osiris" and "Set".... “I do know that these people teach and practice evil." In the “The Dying God, The Hidden History of Western Civilization”, Montreal historian David Livingstone shows that modern secular culture is really the product of an Occult tradition that can be traced back to ancient Babylon through Freemasons, Rosicrucians, Templars, Plato and the Cabalists”. The Prophets of God invite us to be freed from this slavery of the Pharisees. Note that the ancient elites created and perpetrated the Occult and Idolatry traditions to keep the masses occupied while they reap their wealth. The elites are always busy refining the techniques of mass control.

Pharisee: "One of the members of a school or party among the ancient Jews noted for the strict formal observance of the rites and validity of traditions of the elders. Pharisee interpretation provided the standard of observation and belief for the great majority of the Jews from the 1st century A.C. Pharisaic, hypocritical, self righteous and censorious of others" -- Webster's New International Dictionary of the English Language, 2nd edition, 1950. PHARISEES ARE A SECRET ORDER WHO PRETEND TO BE JEWS! Yeshua-Joshua-Yeshua-Isa referred to the Pharisees as 'hypocrites,' a 'den of vipers,' and 'children of an adulterous generation.' You get the picture. Portrait of The Neo-Pharisees Rothschild Dynasty’s big 5 brothers on the right.

Power, Money, Idolatry, Luciferian Satanism & The Kabbala Relationship: The Pilgrims, City of London 1902, New York 1903, Fabianism, Marxism, Monopoly Capitalism, Communism, Fascism, Nazism

The Zionist MOSSAD, Rothschild dynasty’s original mafia, Pilgrims and the Jesuits should be added above. The CIA is the Rockefeller’s original mafia for external affairs while the FBI is for internal affairs (remember Cointelpro). The CIA and Masons also utilize charities and the Rotary Club as infiltrated fronts.

Cabal. Cabbala, CABALA, as small group of persons joined in secret, often political intrigue, to join in a cabal; plot —Webster's New World Dictionary, Third College Edition.

Cabalism. [Satanic] occult doctrine based on the Cabala; any occult doctrine —Webster's New World Dictionary, Third College Edition.

Cabala. Cabbala, [Babylonian] kabala, received lore, tradition; an occult philosophy of certain [apostate Pharisee] “Jewish” rabbis [developed in Babylon], & further in the Middle Ages, based on a mystical interpretation of the Scriptures; any esoteric or secret doctrine.

Yeshua-Joshua-Yeshua-Isa-Iyesus-Iesous-Joshua-Jesu-YeZeus had quite a verbal scathing for the Pharisees (the priest-bankers-usurers who worked from the Temple in Jerusalem) who mislead ordinary Jews in Matthew 23. Pharisaic law is reflected in the Babylonian Talmud, particularly in the book of Mishna—the original book of the Babylonian Talmud. Yeshua-Joshua called their teachings "the ways of men. Looking at "God - the Ultimate Paradox", David Ash tells us (p.69:) that in ancient times, Jews "had a governing body ... known as the 'Council of Elders” dominated by the Pharisees. In the 19th century this council "described itself as the learned Elders of Zion". We learn that there is a group within the Elders which infiltrates and creates secret societies - such as the Freemasons - known as 'The Brotherhood of the Snake ... In modern times this brotherhood has adopted the title of Illuminati" (p.74) and created Zionism. A lot more info on this is available in other sections of this book.

What did Amsel (Amschel) Bauer Mayer Rothschild, (The Synagogue of Satan or Lucifer or Holder of The Light hence Satanic Luciferian ILLUMINATI) mean in 1838 when he said? “Give me control of the economics of a country; and I care not who makes her laws. The few who understand the system, will either be so interested from its profits or so dependant on its favors, that there will be no opposition from that class”.

David Spangler, Director of Planetary Initiative, United Nations: "No one will enter the New World Order unless he or she will make a pledge to worship Lucifer. No one will enter the New Age unless he will take a LUCIFERIAN Initiation."

http://www.antichristconspiracy.com/HTML%20Pages/Harold_Wallace_Rosenthal_Interview_1976.htm. 1976 Harold Wallace Rosenthal, a Zionist administrative assistant to Senator Jacob K. Javits of New York, who like most Zionists and Illuminatis, pretends to be Jewish, when asked "Do you have knowledge of WHEN and WHY the story began about the Jews being God's chosen people?" said in part: "Most [Zionist Ashkenazi] Jews do not like to admit it, but our god is Lucifer -- so I wasn't lying -- and we are his chosen people. Lucifer is very much alive.”

Thomas Jefferson Notes on the State of Virginia: "Our rulers can have authority over such natural rights only as we have submitted to them. The rights of conscious we never submitted, we could never submit. We are answerable for them to our God. The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbor to say there are twenty gods or no god. It neither picks my pocket nor breaks my leg." Well, these Illuminati Banking Dynasties are both picking our pockets and creating wars that are breaking many peoples’ legs!

Dr. R.E. Search, “Lincoln Money Martyred”, Omni Publications Hawthorne, California. 1935 (Reprinted 1977): Consider this: “One penny loaned January 1st, AC 1, drawing interest at the rate of 6% compounded annually, on January 1st, 1895, would amount to: £8,498,840,000,000,000,000,000,000,000,000,000,000,000,000,000.00. To pay this in gold at the rate of 1.5 grams of gold to the pound sterling, using it in spheres of pure gold the size of the planet earth, would take: 610,070,000,000,000,000 such spheres to pay the debt.

The Illuminati Banking Dynasties create the money for the loan out of nothing because they were granted this power by fraudy legislation for which they bribed and maneuvered Kings and politicians into passing.

Major L.L.B. Angas: "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 un-mint the modern ledger-empty currency."

They don’t create the money to pay the interest though. When the banks put your interest payments back into circulation by acquiring good and services, then debtors are able to repay the interest, i.e. we have to work for the bank to repay the interest! The only way to keep this system going is to have governments and people borrow more and more to create the money to pay the interest. A great way to stop this pyramid scheme from collapsing temporarily is to have wars which cause all sides in the conflict to borrow. The 1913 Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.

In 1910, US government debt stood at about $1 billion or about $12 per citizen. Now, its about $15 trillion (all levels of government) or about $50,000 per citizen owed to the private owners of the Federal Reserve Bank. Government and corporate debt is inherited. Therefore, whenever we pay taxes or buy corporate products, we pay homage to the Illuminati owners of the private central banks because part of our money goes to pay interest to them on money which they created from nothing, through the power that was given to them by fraudulent/dishonest legislation.

“Like it or not, you are a slave. You admit you are a slave every April 15th! That’s when you sign forms that “voluntarily” lay bare to the government the most private details of your life! And few people realize the income tax is a slave tax. It can never be compatible with the life of a free people”. ALAN KEYES - Republican Nominee for President, unfortunately, the only Republican willing to speak out.

Why did Haig say: “Let them march all they want, as long as they continue to pay their taxes.” — General Alexander Haig former Secretary of State June 12, 1982? Because he was supporting his masters, the Illuminati New World Order, who collect at least half of our taxes as the interest “owed” to the owners of the Federal Reserve System on money which they created from nothing!

The total amount owed – by consumers, businesses, governments and financial institutions – totaled $34.4 trillion at the end of 2003, according to the Federal Reserve. The economy produced $11.3 trillion of output. That makes the nation's debt triple its gross domestic product. In 1933, debt was about 2 1/2 times GDP, according to a study by the Gabelli Mathers mutual fund. In contrast, the estimated wealth of the top Illuminati dynasties is $300 Trillion according to Russian researcher Dr. Tatyana Koryagina who like Alex Jones predicted the 911 attacks back in July 2001. In 1694, the English government’s debt to the private owned Bank of England was £1.25 million. In 1993, (11 years ago) the British taxpayers paid £24.5 billion alone in interest, more than twice the education budget! And who knows what the real figure is, since many things are kept secret. When this pyramid collapses, we would suddenly be in a very different World. In 1929, the stock market crashed, but the gold standard held. The monetary system held. Now, we are dealing with something that's more fundamental. The only known precedent is the Roman Empire’s collapse, which ended Roman currency. That was, of course, at a time when it took about a century and a half for the breakdown to spread through the empire; now it would take a few hours.

Richard Maybury: “Washington...has become an alien city-state that rules America, and much of the rest of the World, in the way that Rome ruled the Roman Empire.” There are many similarities between what happened in the Roman Empire including the erosion of rights like we have today with the Patriot Act I & II (and soon to come III).

Jewish author David Ash in "God - the Ultimate Paradox" Dec. 1997, describes the two basic competing banking systems (page lll):

· "The first system involved the bank investing money ... as a joint, profit-sharing enterprise or on the basis of charging fees
for services rendered .... For example, … Bank of Amsterdam ...

· "The second banking system involved the bank lending money at interest and holding the property of the borrower
as collateral. This system is called usury.

Retired US Army Colonel De Grandpre: "The trigger for the 911 activity was the imminent and unstoppable Worldwide financial collapse which can only be prevented temporarily by a major war, perhaps to become known as World War III. To bring it off one more time, martial law will probably be imposed in the United States." (see transcript of his interview on the Feb 2004 Alex Jones Show Austin TX in the section about Fake Terror & 911)

Most people don't realize that now-a-days the issuing of money is essentially a private business, and that the privilege of issuing money has been a major bone of contention throughout history over which major wars have been and are being fought, over which major crimes have been and are being committed, and over which many nations were destroyed, Kings, Queens, Monarchs, Emperors (including Julius Caesar), Tsars and families like some members of the Kennedys and the Gandhis (in addition to not allowing foreign BankLords, Mahatma Gandhi said Nov. 26, 1938, “Let the Jews, who claim to be the chosen race, prove their title by choosing the way of non-violence for vindicating their position on earth" and "Oh, I don't reject your Christ. I love your Christ. It's just that so many of you Christians are so unlike your Christ." http://jmm.aaa.net.au/articles/552.htm ), Popes, judges, lawyers, politicians and at least six US Presidents were assassinated (7 if you also count FDR as suspected of being poisoned)! In this book, we will learn that the Illuminati Dynasties practice Orwellian speech (Native Americans used to say “…man speaks with forked tongue”), division of the masses, demonization (propaganda) against the ones to be sacrificed, and that the end game is totalitarian tyranny.

Senator George W. Malone (to Congress in 1962): “I believe that if the people of this nation fully understood what Congress has done to them over the past 49 years, they would move on Washington, they would not wait for an election … It adds up to a preconceived plan to destroy the economic and social independence of the United States.”

Congressman Wright Patman (Chairman, House Banking & Currency Committee): “In the United States we have, in effect, two governments … We have the duly Constitutional government … then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System operating the money powers which are reserved to Congress by the Constitution.”

Congressman William E. Simon (in a speech to the House of Representatives on the problems of the Federal Reserve System, April 30, 1976): “I hear no one addressing this danger. Congress does not discuss it. The press does not discuss it. Look around us – the press isn’t even here! The people do not discuss is – they are unaware of it. No counter-force in America is being mobilized to fight this danger. The battle is being lost, and not a shot is being fired.”

Richard Walbaum wrote in 1992’s “The Poverty Trap”: “Our monetary system guarantees that debt must increase regardless of what people, business or government do or do not do, whether or not they balance their budgets.”

Peter Kershaw tells us: “What we operate on today is not the ‘intellect’ of confidence based upon tangible wealth and substance, but the ‘religion’ of ‘conviction’ based upon blind faith. Without religious conviction, the system collapses! And what is that religion? – a pagan occultic money system.” This system has been around since the ancient times of Nimrod (son of Cush, initiator of Masonry) and Rome and Jerusalem.

Larry Burkett, author of “The Coming Economic Earthquake” takes it one step further by saying: “The actual deficits are almost twice as large as those admitted by the government. So why hasn’t our economy collapsed? Because the American people still have confidence in the System.”

Eustace Mullins: "...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 BILLION dollars in 1949 went directly to the private stockholders of the [federal reserve] banks."

This book is revealing only one of the tips of the giant icebergs of deception; only a few examples out of the multitudes of revealing events are mentioned in this book. You will learn that there is an ocean of Illuminati corruption that goes on to build their monopoly-capitalism institutions. To the Illuminatis “competition is a sin”; that’s why they like large centralized private banks and businesses, in order words, the Illuminatis while pretending to promote freedom like a communist centrally controlled social environment in which they are the monopoly owners and controllers! And this is their New World Order (NWO). This ambition and hatred of the Global Elite was summarized by John D. Rockefeller (1839-1937) patriarch of the Rockefeller clan, when he said: "The combination is here to stay … Individualism has gone, never to return … I want to own nothing and control everything.... Competition is a sin." This intention of the immensely wealthy is to destroy capitalism, the very thing that made them so uniquely moneyed appears strange to most people. The "almost hidden" conspirators in politics, religion, education, entertainment, and the news media are working for the Illuminati Bankers or Banksters owned United States, in a banker-owned World under a banker-owned World Dictatorship Government! This is what all the talk of a New World Order promoted by Presidents Bush and Clinton is all about. Well, many events on Earth don’t make sense without understanding the role of the “Illuminati”. We cannot see beyond the ORGANIZER, however, we will be able to see beyond the “Illuminati” from the knowledge described and depicted in this book.

You must have heard about the scientific theory on ”dark matter” called “the missing mass of the universe”. Well, this book fills the void about the “missing history” which we were never taught, the history of the “dark clan” or “black nobility”. This book is not a theory; it’s about a real conspiratorial or secretive plan that is being executed and unfolding behind a huge propaganda curtain. This book is not a tale of fiction like the “Lord of the Rings” or “The Matrix”. However, from the movie “The Matrix” we are reminded that our consciousness interprets reality from the various types of electro-chemical signals induced by the “external World” on our receptors which then reach certain areas of our brain, i.e. we are what we read in newspapers or see and hear on TV news. Unfortunately, the mainstream media is at the service of the Illuminati controllers. Fortunately though, this book is the axis of logic which exposes the real axis of evil and the coalition of the willingly evil!!! So that no one suspects them, Bush, Sharon & company keep pointing fingers at others or declaring others as “enemies of the state” whilst they and their Illuminati bosses are the real danger; an old diversion technique (a good movie to illustrate this is “Enemy of The State”).

Read on and discover the shocking reality of how the World is controlled by the Illuminati Banking Dynasties in coordination with the Zionist-Masonic-Jesuit Occult brotherhoods and learn the meanings of Illuminati and Masonic symbolisms. The uncovered, uncensored, unexpected, surprising and shocking truth will be revealed in this book. This book gets straight to the point and does not mince words. Some people will find it very shocking during their first read through. This book shows you the smoke. Where there’s smoke, there has been a fire, or there is a fire, or there will be a fire! The word-smithing in this book is sharp and to the point. Stay cool and learn calmly. Don’t react negatively. Be patient when working for freedom.

Why must we understand how this feudal financial system was developed and how it operates today? Because there is something terribly different between what is reported in the major news outlets and what is really happening! (In Star Wars terminology, there is a monstrous disturbance in the force!!!) This book is for everyone, controller and controlled. The controller must know that he/she is working evil for “The Emperors” and the controlled must know that he/she is being fooled no matter what their religion is or is not. This book will enable common folks to see, listen, think and navigate through the propaganda of “The Illuminated Ones”. This book is to unite humankind against the attempted descent into ancient feudal slavery or tyranny being perpetrated by the operatives of the New World Order. This book is not a debate over whose religious beliefs are correct or not.

Alexander Hamilton or James Madison, Federalist No. 62: "It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is to-day, can guess what it will be to-morrow." Both the legal system and the financial system are complicated beyond comprehension. Centralizing control of everything makes it easier for the banking dynasties to control the World. This private debt-usury money system must be scrapped and replaced with a debt-free currency issued by sovereign governments for the benefit of the people. Early philosophers like Aristotle, believed that usury was bad for society because the purpose of money was to move goods in society from person to person. The interest on money slowed all of that down, and hence, slowed down the progression of society. It put an unnecessary burden on money. Later, the church had outlawed usury as well, but as the usurers got their way again, they passed laws to allow certain "taxes" on money.

Milton Friedman, economist: “The stock of money, prices and output was decidedly more unstable after the establishment of the [private] Federal Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which include the severe [monetary] contractions of 1920-21, 1929-33, and 1937-38. No other 20-year period in American history contains as many as three such severe contractions. This evidence persuades me that at least a third of the price rise during and just after World War I is attributable to the establishment of the Federal Reserve System… and that the severity of each of the major contractions is directly attributable to acts of commission and omission by the Reserve authorities. And this system which gives so much power and so much discretion to a few men, [so] that mistakes can have such far reaching effects is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic – this is the key argument against an independent central bank…. To paraphrase Clemenceau, money is too serious a matter to be left to the central bankers.”

Pope Leo XIII (1878): “On the one side there is the party which holds the power because it holds the wealth; which has in its grasp all labor and all trade; which manipulates for its own benefit and its own purposes all the sources of supply, and which is powerfully represented in the councils of State itself. On the other side there is the needy and powerless multitude, sore and suffering. Rapacious usury, which, although more than ounce condemned by the Church, is nevertheless under a different form but with the same guilt, still practised by avaricious and grasping men… so that a small number of very rich men have been able to lay upon the masses of the poor a yoke little better than slavery itself.”

Pope Pius XI (1857-1939): “In our days, not alone is wealth accumulated, but immense power and despotic economic domination is concentrated in the hands of a few…. This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able to also govern credit and determine its allotment, for this reason supplying, so to speak, the life-blood to the entire economic body, and grasping as it were in their hands the very soul of the economy so that no one dare breathe against their will…. For what will it profit men that a more prudent distribution and use of riches make it possible for them to gain even the whole World, if thereby they suffer the loss of their own souls? What will it profit to teach them sound principles in economics, if they permit themselves to be swept away by selfishness, by unbridled and sordid greed, that hearing the Commandments of the Lord, they do all things contrary?”

Never be under any illusions about the meaning of 'government'. Pierre J. Proudhon, General Idea of the Revolution in the 19th Century Pierre Proudhon says....: “To be GOVERNED is to be watched, inspected, spied upon, directed, law-driven, numbered, regulated, enrolled, indoctrinated, preached at, controlled, checked, estimated, valued, censured, commanded, by creatures who have neither the right nor the wisdom nor the virtue to do so. To be GOVERNED is to be at every operation, at every transaction noted, registered, counted, taxed, stamped, measured, numbered, assessed, licensed, authorized, admonished, prevented, forbidden, reformed, corrected, punished. It is, under pretext of public utility, and in the name of the general interest, to be placed under contribution, drilled, fleeced, exploited, monopolized, extorted from, squeezed, hoaxed, robbed then, at the slightest resistance, the first word of complaint, to be repressed, fined, vilified, harassed, hunted down, abused, clubbed, disarmed, bound, choked, imprisoned, judged, condemned, shot, deported, sacrificed, sold, betrayed; and to crown all, mocked, ridiculed, derided, outraged, dishonored. That is government; that is its justice, that is its morality.”

`What is wrong with this system? A hell of a lot!`

`Structure and Characteristics of The Families Owning the Major Banks`