Billions for Bankers--Debts for the People
by Pastor Sheldon Emry
This material is not copyrighted. Feel free to copy and distribute.
In 1901 the national debt of the United States was less than $1 billion. It stayed at less than $1 billion until we got into World War I. Then it jumped to $25 billion.
The national debt nearly doubled between World War I
and World War II, increasing from $25 to $49 billion.
Between 1942 and 1952, the debt zoomed from $72
billion to $265 billion. In 1962 it was $303 billion. By
1970, the debt had increased to $383 billion.
Between 1971 and 1976 it rose from $409 billion to
$631 billion. The debt experienced its greatest growth,
however, during the 1980s, fueled by an unprecedented
peacetime military buildup. In 1998, the outstanding
public debt will roar past $5.5 trillion.
The unconstitutional "share" of this debt
for every man, woman and child is currently $20,594.86
and will continue to increase an average of $630 million
every day, which dosn't include the $26 trillion in
individual credit card debts, mortgages, automobile
leases and so on.
U.S. NATIONAL DEBT
The Outstanding Public Debt as of 08/25/98 at 10:28:37 AM PDT is:
The estimated population of the United States is
so each citizen's share of this debt is $20,403.90.
Today, as we stand before the dawn of a New World
Order run by internationalist financiers, most of the
revenue collected by the Federal government in the form
of individual income taxes will go straight to paying the
interest on the debt alone. At the rate the debt is
increasing, eventually we'll reach a point where, even if
the government takes every penny of its citizens' income
via taxation, it will still not collect enough to keep up
with the interest payments.
The government will own nothing, the people will own
nothing, and the banks will own everything. The New World
Order will foreclose on America.
If the present trend continues, and there is no
evidence whatsoever that it will not continue, we can
expect the national debt to nearly double again within
the next six to eight years. By then, the interest on the
debt alone should be in the $400 billion a year range.
Prologue: Three Types of Conquest
History reveals nations can be conquered by the use of one or more of three methods.
The most common is conquest by war. In time, though,
this method usually fails, because the captives hate the
captors and rise up and drive them out if they can. Much
force is needed to maintain control, making it expensive
for the conquering nation.
A second method is by religion, where men are
convinced they must give their captors part of their
earnings as "obedience to God." Such a
captivity is vulnerable to philosophical exposure or by
overthrow by armed force, since religion by its nature
lacks military force to regain control, once its captives
The third method can be called economic conquest. It
takes place when nations are placed under
"tribute" without the use of visible force or
coercion, so that the victims do not realize they have
been conquered. "Tribute" is collected from
them in the form of "legal" debts and taxes,
and they believe they are paying it for their own good,
for the good of others, or to protect all from some
enemy. Their captors become their "benefactors" and "protectors".
Although this is the slowest to impose. It is often
quite long lasting, as the captives do not see any
military force arrayed against them, their religion is
left more or less intact, they have freedom to speak and
travel, and they participate in "elections" for
their rulers. Without realizing it, they are conquered,
and the instruments of their own society are used to
transfer their wealth to their captors and make the
In 1900 the average American worker paid few taxes and
had little debt. Last year, payments on debts and taxes
took more than half of what he earned. Is it possible a
form of conquest has been imposed on America? Read the
following pages and decide for yourself. And may God have
mercy on this once debt-free and great nation.
The Real Story of Money Control in
Americans, living in what is called the richest nation on
earth, seem always to be short of money. It's impossible
for many families to make ends meet unless both parents
are in the work force.
Men and women hope for overtime hours or take part
time jobs evenings and weekends; children look for odd
jobs for spending money; the family debt climbs higher.
Psychologists say one of the biggest causes of family
quarrels and breakups is "arguing over money."
Much of this trouble can be traced to our present
Too few Americans realize why the Founders wrote into
Article I of the U. S. Constitution:
"Congress shall have the power to coin money and
regulate the value thereof." Thomas Jefferson
They did this, as we will show, in the hope that it
would prevent "love of money" from destroying
the Republic they had founded. We shall see how
subversion of Article I has brought on us the
"evil" of which God warns us in 1 Timothy 6:10.
Money is "Created", Not
Grown or Built.
Economists use the term "create" when
speaking of the process by which money comes into
existence. "Creation" means making something
which did not exist before. Lumber workers 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 actually
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. It's value has been
"created" in the truest sense of the word.
"Creating" money is very
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 percent above their cost to build a
Auto makers sell their cars for 1 percent to 2 percent
above the cost of manufacture and it is considered good
business. But money "manufactures" have no
limit on their profits, since a few cents will print a $1
bill or a $10,000 bill.
That profit is part of our story, but first let consider
another unique characteristic of the thing -- money, the
love of which is the "root of all evil".
Adequate money supply needed
An adequate supply of money is indispensable to
civilized society. We could forego many other things, but
without money industry would grind to a halt, farms would
become only self-sustaining units, surplus food would
disappear, jobs requiring the work of more than one man
or one family would remain undone, shipping and large
movement of goods would cease, hungry people would
plunder and kill to remain alive, and all government
except family or tribe would cease to function.
An overstatement, you say? Not at all. Money is the
blood of civilized society, the means of all commercial
trade except simple barter. It is the measure and the
instrument by which one product is sold and another
purchased. Remove money or even reduce the supply below
that which is necessary to carry on current levels of
trade, and the results are catastrophic.
For an example, we need only look at America's
depression of the early 1930's.
Bankers' Depression of the 1930's.
In 1930 America did not lack industrial capacity,
fertile farmlands, skilled and willing workers or
industrious families. It had an extensive and 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 1930s, bankers, the only source of new
money and credit, deliberately refused loans to
industries, stores and farms. Payments on existing loans
were required however, and money rapidly disappeared from
circulation. Goods were available to be purchased, jobs
waiting to be done, but the lack of money brought the
nation to a standstill.
By this simple ploy America was put in a
"depression" and 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.
No Money for Peace, but Plenty for
World War II ended the "depression." The
same Bankers who in the early 1930's had no loans for
peacetime houses, food and clothing, suddenly had
unlimited billions to lend for army barracks, K-rations
A nation that in 1934 could not 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 reopened, and "The Great Depression" was
Some politicians were blamed for it and others took
credit for ending it. The truth is the lack of money
(caused by 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
Power to Coin and Regulate Money
When we can see the disastrous results of an
artificially created shortage of money, we can better
understand why our Founding Fathers, who understood both
money and God's Laws, insisted on placing the power to
"create" money and the power to control it ONLY
in the hands of the Federal Congress.
They believed that ALL Citizens should share in the
profits of its "creation" and therefore the
Federal government must be the only creator of money.
They further believed that all citizens, of whatever
state, territory or station in life, would benefit by an
adequate and stable currency. Therefore, the Federal
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 simple,
but all inclusive manner: "Congress shall have the
power to Coin Money and Regulate the Value Thereof."
How We Lost Control of the Federal Reserve
Instead of the Constitutional method of creating our
money and putting it into circulation, we now have and
entirely unconstitutional system. This has brought our
country to the brink of disaster, 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 had been
created and issued by an illegal method that will
eventually destroy the United States if it is not
changed. Prior to 1913, America was a prosperous,
powerful, and growing nation, at peace with its neighbors
and the envy of the world. But in December of 1913,
Congress, with many members away for the Christmas
Holidays, passed what has since been known as the Federal
Reserve Act. (For the full story of how this infamous
legislation was forced through our Congress, read
"Conquest or Consent", by W. D. Vennard).
Omitting the burdensome details, it simply authorized
the establishment of a Federal Reserve Corporation, run
by a Board of Directors (The Federal Reserve Board). The
act divided the United States into 12 Federal Reserve
This simple, but terrible, law completely removed from
Congress the right to "create" money or to have
any control over its "creation", and gave that
function to The Federal Reserve Corporation. It was
accompanied by the appropriate fanfare. The propaganda
claimed that this would "remove money from
politics" (they did not say "and therefore from
the people's control")and prevent "boom and
bust" economic activity 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.
More 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
can lend to our government and our people at interest
"The rich get richer and the poor get poorer"
had become the secret policy of the Federal government.
An example of the process of "creation" and its
conversion to peoples "debt" will aid our
Billions in Interest Owed to Private
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 to the
"creators" for the $1 billion.
But, the Federal Reserve, a private corporation, does
not 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
The Federal Reserve then pays the cost of printing the
$1 billion (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 in 1996, the U.S. Government is
indebted to the Bankers for more than $5,000,000,000,000
(trillion). Most of the income taxes that we pay as
individuals now goes straight into the hands of the
bankers, just to pay off the interest alone, with no hope
of ever paying off the principle. Our children will be
forced into servitude.
But wait! There's more!
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 "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 (more than
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!
Manipulating Stocks for Fun and Profit
In addition to almost unlimited usury, the bankers
have another method of drawing vast amounts of wealth.
The banks 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 selling price of the
After depressing the price, the bankers' agents buy
large blocks of the company's stock. Then, if the bank
suddenly approves a multi-million dollar loan to the
company, 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
"discount rate" to send stocks soaring or
crashing at their whim.
Using this method since 1913, the bankers and their
agents have purchased secret or open control of almost
every large corporation in America. Using this leverage,
they then force the corporations to borrow huge sums from
their banks so that corporate 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 banks can reap billions in
interest from corporate loans even when stock prices are
depressed. In effect, the bankers get a huge chunk of the
profits, while individual stockholders are left holding
The millions of working families of America are now
indebted to the few thousand banking families for twice
the assessed value of the entire United States. And these
Banking families obtained that debt against us for the
cost of paper, ink, and bookkeeping!
The interest amount is never created
The only way new money (which is not true money, but
rather credit representing a debt), goes into circulation
in America is when it is borrowed from the bankers. When
the State and people borrow large sums, we seem to
prosper. However, the bankers "create" only the
amount of the principal of each loan, never the extra
amount needed to pay the interest. Therefore, the new
money never equals the new debt added. The amounts needed
to pay the interest on loans is not "created,"
and therefore does not exist!
Under this system, where new debt always exceeds 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!
The following example will show the viciousness of
this interest-debt system via its "built in"
shortage of money.
The Tyranny of Compound Interest
When a citizen goes to a banker to borrow $100,000 to
purchase a home or a farm, the bank clerk has the
borrower agree to pay back the loan plus interest. At
8.25% interest for 30 years, the borrower must agree to
pay $751.27 per month for a total of $270,456.00.
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 $100,000 check or a
$100,000 deposit slip, crediting the borrower's checking
account with $100,000.
The borrower then writes checks to the builder,
subcontractors, etc. who in turn write checks. $100,000
of new "checkbook" money is thereby added to
the "money in circulation."
However, this is the fatal flaw in the system: the
only new money created and put into circulation is the
amount of the loan, $100,000. 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 $270,456.00, $170,456.00 more than he
put in circulation when he borrowed the original
$100,000! (This interest cheats all families out of nicer
homes. It is not that they cannot afford them; it is
because the bankers' interest forces them to pay for
nearly 3 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
There is therefore no way all debtors can pay off the
money lenders. As they pay the principle 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, gradually gain a
death grip on the land, buildings, and present and future
earnings of the whole working population. Proverbs 22:7
has come to pass in America. "The rich ruleth over
the poor, and the borrower is servant to the
Small loans do the same thing
If you have not quite grasped the impact of the above,
let us consider an auto loan for 5 years at 9.5%
interest. Step 1: Citizen borrows $25,000 and pays it
into circulation (it goes to the dealer, factory, miner,
etc.) and signs a note agreeing to pay the Bankers a
total of $31,503 over 5 years. Step 2: Citizen pays
$525.05 per month of his earnings to the Banker. In five
years, he will remove from circulation $6,503 more than
he put in circulation.
Every loan of banker "created" money
(credit) causes the same thing to happen. Since this has
happened millions of times since 1913 (and continues
today), you can see why America has gone from a
prosperous, debt-free nation to a debt-ridden nation
where practically every home, farm and business is paying
usury-tribute to the bankers.
Checking Up On Cash
In the millions of transactions made each year like
those just discussed, little actual currency changes
hands, nor is it necessary that it do so.
About 95 percent of all "cash" transactions
in the U. S. are executed by check. Consider also that
banks must only hold 10 percent of their deposits on site
in cash at any given time. This means 90 percent of all
deposits, though they may actually be held by the ban,
are not present in the form of actual cash currency.
That leaves the banker relatively safe to
"create" 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 of overhead for
each transaction. It is "check kiting" on an
enormous scale. The profits increase rapidly, year after
Our Own Debt is Spiraling into Infinity
In 1910 the U. S. Federal debt was only $1 billion, or
$12.40 per citizen. State and local debts were
By 1920, after only six years of Federal Reserve
shenanigans, the Federal debt had jumped to $24 billion,
or $228 per person.
In 1960 the Federal debt reached $284 billion, or
$1,575 per citizen and state and local debts were
In 1998 the Federal debt passed $5.5 trillion, or
$20,403.90 per man, woman and child and is growing
State and local debts are increasing as fast Federal
debts. However, they are too cunning to take the title to
everything at once. They instead leave us 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 debt-money system as certainly as if they had
marched in with an uniformed army.
Gambling Away the American Dream
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.
He just watches the table and reaches in every hour to
take 10 percent to 15 percent of all the chips on the
table. As the game goes on, the amount of chips in the
possession of each player will fluctuate according to his
However, the total number of chips available to play
the game (carry on trade and business) will decrease
As the game starts getting low on chips, some players
will run out. If they want to continue to play, they must
buy or borrow more chips 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 the chips plus some extra chips (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, and
the shirts off their backs!
Our real life situation is much worse than any poker
game. In a poker game no one is forced 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," our local, State and
Federal governments borrow billions in our name, squander
it, then confiscate our earnings via taxation in order to
pay off 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 or refuse to pay,
the 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, 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 have added some new cards to
their deck: credit cards are promoted as a convenience
and a great boon to trade. Actually, they are ingenious
devices from the seller and 18% interest from buyers. A
real "stacked" deck!
Yes, 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 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," spending and
issuing into circulation the necessary increase in the
money supply, there would be no national debt. Trillions
of dollars of other debts would be practically
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 there and go on serving its
purpose as a medium of exchange for generation after
generation and century after century, with no payments to
the Bankers whatsoever!
Continuing Cycles of Debt and War
But instead of peace and debt-free prosperity, we have
ever-mounting debt and cyclical periods of war. We as a
people are now ruled by a system of banking influence
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,
confiscating the people's money, and propagandizing to
perpetuate its power. Our two main political parties have
become its servants, the various departments of
government have become its spending agencies, and the
Internal Revenue Service is its collection agency.
Unknown to the people, it operates in close
cooperation with similar apparatuses in other nations,
which are also disguised as "governments."
Some, we are told, are friends. Some, we are told, are
enemies. "Enemies" are built up through
international manipulations and used to frighten the
American people into going billions of dollars further
into debt to the bankers for "military
preparedness," "foreign aid to stop
communism," "the drug war," etc.
Citizens, deliberately confused by brainwashing
propaganda, watch helplessly while our politicians give
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 where tens of
thousands are murdered, and hundreds of thousands are
crippled (not to mention collateral damage and casualties
among the "enemy" troops.)
When the "war" is over, we have gained
nothing, but we are billions of dollars further in debt
to the bankers, which was the reason for the
"war" in the first place!
And There's More
The profits from these massive debts have been used to
erect a complete and, almost hidden, economic 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 a 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
Family, morals, love of country, the Christian
religion, all that is honorable, is being swept away,
while they try to build their new, subservient man.
Our new "rulers" are trying to change our whole
racial, social, religious, and political order, but they
will not change the debt-money-economic system, by which
they rob and rule. Our people have become tenants
and "debt-slaves", to the Bankers, and their
agents, in the land our fathers conquered. It is conquest
through the most, gigantic fraud and swindle, in the
history of mankind. And we remind you again: The key to
their wealth and power, over us, is their ability to
create "money" out of nothing, and lend it to
us, at interest. If they had not been allowed to do that,
they would never have gained secret control of our
nation. How true Solomon's words are: "The
rich ruleth over the poor, and the borrower is servant to
the lender "(Proverbs 22:7).
God Almighty warned, in the Bible, that one of the
curses, which would come upon His people, for disobeying
His laws was: The stranger that is within thee shall get
up above thee very high; and thou shall come down very
low. He shall lend to thee, and thou shall not lend to
him; he shall be the head, and thou shall be the tail.
Most of the owners of the large banks, in America, are
of eastern-european ancestry, and connected with the
Rothschild European banks. Has that warning come to
fruition in America?
Let us, now, consider the correct method of providing
the medium of exchange (money) needed by our people.
Every Citizen Can Be A Stock Holder
Under the Constitutional system, no private banks
would exist to rob the people. Government banks under the
control of the people's representatives would issue and
control all money and credit. They would issue not only
actual currency, but could lend limited credit at no
interest for the purchase of capital goods, such as
A $100,000 loan would require only $100,000 repayment,
not $270,456.00 as it is now. Everyone who supplied
materials and labor for the home would get paid just as
they do today, but the bankers would not get $170,456.00
That is why they ridicule and destroy anyone
suggesting or proposing an alternative system.
History tells us of debt-free and interest-free money
issued by governments.
The American colonies did it through colonial script
in the 1700's. Their wealth soon rivaled that of 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
a man many consider to have been an agent of the
Rothchild 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. (Now you can understand what all
the commotion in the Middle East is all about, and why
the banker-owned press is brainwashing American citizens
to think of all Arabs as terrorists). The Saracen Empire
forbade interest on money 1,000 years ago and its wealth
outshone even Saxon Europe. Mandarin China issued its own
money, interest-free and debt-free. Today, historians and
art collectors consider those centuries to be China's
time of greatest wealth, culture and peace.
Issuing money which does not 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 transfers are made and should
always be in sufficient quantity to transfer all possible
production of the nation to the 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 cannot take you
because we are short of tickets".
Citizen Control of U.S. Currency
Money, issued in such a way, would derive its value in
exchange from the fact that it had come from the highest
legal source in the nation and would be declared legal to
pay all public and private debts.
Issued by a sovereign nation, not in danger of
collapse, it would need no gold or silver or other
so-called "precious" metals to back it.
As history shows, the stability and responsibility of
government issuing it is the deciding factor in the
acceptance of that government's currency--not gold,
silver, or iron buried in some hole in the ground. Proof
is America's currency today. Our gold and silver is
practically gone, but our currency is accepted. But if
the government was about to collapse our currency would
Under the present system, the extra burden of interest
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 interest levied on money and
debt by the Bankers.
This "inflation" benefits the money-lenders,
since it wipes out savings of one generation so they can
not finance or help the next generation, who must then
borrow from the money-lenders and pay a large part of
their life's labor to the usurer.
With an adequate supply of interest-free money, little
borrowing would be required and prices would be
established by people and goods, not by debts and usury.
If the Congress failed to act, or acted wrongly in the
supply of money, the citizens would use the ballot or
recall petitions 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 and other legitimate
functions of the Federal government, instead of the
diversionary issues which are presented to us today. All
other problems, except the nation's defense, would be
taken care of in the State, County, or City governments
where they are best handled and most easily corrected.
An adequate national defense would be provided by the
same citizen- controlled Congress, and there would be no
bankers behind the scenes, bribing politicians to spend
billions of dollars on overseas military adventures which
ultimately serve the schemes of international finance.
Creating a Debt-Free America
With debt-free and interest-free money, there would be
no direct confiscatory taxation and our homes would be
mortgage-free without approximately $10,000-per-year
payments to the bankers. Nor would they get $1000 to
$3000 per year from every automobile on our roads.
We would need far fewer financial "help" in
the form of "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.
Our officials, at all levels of government, would be
working for the people instead of devising capers which
will place us further in debt to the bankers. We would
get out of entangling foreign alliances that have
engulfed us in four major wars and scores of minor wars
since the Federal Reserve Act was passed.
A debt-free America would leave parents with more time
to spend raising their children. The elimination of the
interest payments and debt would be the equivalent of a
50 percent raise in the purchasing power of every worker.
This cancellation of interest-based private debts would
result in the return to the people of $300 billion yearly
in property and wealth that currently goes to banks.
Controlling Public Debate and
We realize that 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 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, opening the way
for complete economic conquest of our people. The
conspiracy is powerful enough in America to place its
agents in positions as newspaper publishers, editors,
columnists, church ministers, university presidents,
professors, textbook writers, labor union leaders,
filmmakers, radio and television commentators,
politicians ranging from school board members to U. S.
presidents, and many others.
These agents control the information available to our
people. They manipulate public opinion, elect whomever
they want locally and nationally, and never expose the
crooked money system. They promote school bonds,
expensive and detrimental farm programs, "urban
renewal," foreign aid, and many other schemes which
place the people more deeply in 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. Thousands of
government-sponsored methods of wasting money go on
continually. Most make no sense, but they are never
exposed for what they really are: siphons sucking our
Nation's economic lifeblood. Billions for the bankers,
debts for the people.
Controlled news and information
So-called "economic experts" write
syndicated columns in hundreds of newspapers, craftily
designed to prevent the people from learning the simple
truth about our money system.
Sometimes commentators, educators, and politicians
blame our financial conundrum on the workers for being
wasteful, lazy, or stingy. Other times, they blame
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 labor and of their freedoms.
Some, who are especially vocal in their exposure of
the treason against the people, are harassed by
government agencies such as the EPA, OSHA, the IRS, and
others, forcing them into financial strain or bankruptcy.
They have been completely successful in preventing most
Americans from learning the things you have read in this
However, in spite of their control of information,
they realize many citizens are learning the truth. (There
are several millions of Americans who now know the truth
including former congressmen, former revenue agents,
ministers, businessmen, and many others).
Therefore, to prevent armed resistance to their
plunder of America, they plan to register all firearms
and eventually to disarm all citizens, in violation of
the 2nd Amendment to the Constitution of the United
States of America. A people armed cannot be enslaved.
Therefore, they only want guns in the hands of their
government police or military forces--hands that are
already stained with blood from countless acts of gross
negligence and overt homicide, both at home and abroad.
Spread the Word and Do Something to
The "almost hidden" conspirators in
politics, religion, education, entertainment, and the
news media are working for the banker-owned United
States, in a banker-owned World under a banker-owned
World Government! (This is what all the talk of a New
World Order promoted by Presidents Bush and Clinton is
Unfair banking policies and taxes will continue to
take a larger and larger part of the annual earning 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.
It is 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 interest
to the bankers), and be allowed to keep just enough of
their earnings to buy a minimum of food and clothing
while their rulers wallow in luxury. In Asia and eastern
Europe it is called "communism;" in America it
is called "Democracy" and
America will not shake off her Banker-controlled
dictatorship as long as the people are ignorant of the
hidden controllers. Banking concerns, which 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 God for deliverance. This material has informed
you about their iniquitous system. What you do with it is
in your hands.
WHAT YOU CAN DO
Pray for America's release from this wicked money
control, which is at the root of our debts and wars..
Send copies of this article to officials in your State
and Local government, to school board members,
principals, teachers, ministers, neighbors, etc. Ask them
for their comments..
Write letters to elected or appointed officials. Write
"letters- to-the-editor" to newspapers. Most
small towns and suburban newspapers are not totally
controlled, while most of the big city newspapers are..
Give or mail them out by the hundreds to awaken and educate other Americans to this fantastic plunder of the working people of America. The cost to you is VERY LITTLE compared to the BILLIONS in money and property being STOLEN from our people.