"If the American people ever allow private banks to control the
issue of currency, first by inflation [bubbles], then by deflation [recession
or depression], the banks and corporations that will grow up around them will deprive
the people of all property until their children wake up homeless on the
continent their fathers conquered."
You are experiencing severe abdominal pains so you visit with your doctor. Your doctor does a perfunctory examination and announces that he will write you a prescription for a pain killer. Of course you quickly recognize that the doctor is treating the symptom of your problem, but not the problem itself. So you visit a specialist who happened to fall asleep during the abdominal portion of his medical preparation. His uninformed diagnosis of your problem is acid indigestion and you are prescribed antacids. Unfortunately his misdiagnosis causes your pains to continue. With the underlying disease untreated, you ultimately end up in a hospital where you are diagnosed with abdominal cancer.
In the above scenario, the following things have happened:
- the first doctor treated the SYMPTOMS of your problem which did not nothing to treat the DISEASE that was causing the symptoms, and over time would only make the SYMPTOMS become worse.
- The second specialist doctor misdiagnosed the DISEASE, so his treatment would also not address the problem and over time would cause the SYMPTOMS to worsen.
- The hospital finally correctly diagnosed the DISEASE and therefore the prescribed treatments now have a chance at addressing the problem where the first 2 treatments would have failed.
We have a very similar situation existing in the economy right now. In place of the first doctor, we have our economically illiterate politicians who are looking at the SYMPTOMS of our problems such as unemployment, budget deficits, foreclosures, bank fraud, poverty, inflation, erosion of the middle class, to name just a few. They are trying to treat these SYMPTOMS, however this does nothing to treat the DISEASE that is causing these SYMPTOMS. The financial class is also the largest donator to political campaigns. So the politicians find themselves in the position where it is to their advantage to intentionally remain ignorant of the DISEASE so they can maintain their power and positions of influence.
Then we have the specialist economists "advising" our economically illiterate politicians on what to do, but they are also lacking what they need to correctly diagnose the DISEASE. The central banks have sponsored academic research at the major schools. However this sponsorship directly and indirectly influences the research , which ends up tending to support the existing money system. Those who develop conclusions that are not in the interests of the central bankers soon find themselves without jobs or further funding for their research. This leaves the economics students who are our future economic specialists with a view of banking that favors the entrenched banking interests. With their lack of education on alternative monetary systems, it is not surprising that they misdiagnose the DISEASE due to their bias towards our current " debt based " money system. The end result is that both the economists and the politicians are nothing more than the hired servants of the financial class. It is in their individual interest to perpetuate the illusion that our current monetary system is the only "free and efficient" way to bring money into circulation. Listen closely to these economists during their interviews and notice how all of their "solutions" center around the SYMPTOMS while never mentioning "debt based" DISEASE itself.
Add to this mix a general public that is chained to this debt slavery, working more and more hours and finding it increasingly harder to maintain their families. After exhaustive toiling they seek relief and diversion in the form of mind numbing gladiator football games, celebrity worship, reality TV, or other minutia, rather than taking the time to educate themselves on complex issues. This disinterest or lack of understanding creates an environment where it becomes easy for the financiers to continue a system that benefits them personally at the expense of everyone else. No one is watching the store and the till is open.
I recently attended the Public Banking Conference in Philadelphia where a 12 year old girl blew the crowd away with her understanding of our corrupt money system. If a 12 year can "get it", then it is time for our leaders and the general public to "get it" as well. During this conference the following question was asked by another speaker, "How can a nation and its people become $trillions in debt when most of what they have done over the last 250 years is to produce wealth through their labor?" This profound question inspired me to do some serious thinking about where this debt actually originates.
Consider these questions: If you owned a printing press in your basement and could LEGALLY print your own money"
- would you choose to pay your bills by printing the money you needed?
- would you choose to pay your bills by going to the bankers for a loan?
Of course you would print your own money. Our government is in exactly this same position. It can legally print its own money as stipulated by the Constitution, and yet we have the spectacle of our the government going to private bankers to borrow money to pay its bills, rather printing its own debt free money. Most people are not aware of this fact, and that is by design.
Can you imagine yourself printing your money, then selling these same bills for the cost of printing to a private bank? Can you imagine yourself then going back to the bank and borrowing that same money at face value plus interest?
That is the unbelievable and absurd situation we currently have. The Treasury Department prints our paper dollars at a cost of approximately 4 cents per bill. The cost of printing each bill remains the same regardless of whether the denomination is $1, $10, or $100. These newly printed bills are then sold to a cartel of private bankers called the "Federal Reserve" for the cost of the printing. The government [taxpayers] then borrows this money back at face value plus interest.
The name "Federal Reserve" was deliberate in its attempt to deceive the people. It is a cartel of PRIVATE bankers, it has no reserves, and it is no more federal than Federal Express. In fact, the federal income tax was started in order to pay the interest on our "debt based" money supply.
Now there are 3 ways that money can be placed into circulation: it can be GIFTED, it can be SPENT, or it can be BORROWED.
If the government were to simply give people printed money, it would be GIFTED into circulation. Since this "free money" provides no incentive to produce anything , there is no increase in production. The money supply increases, but not the number of produced goods or services, which ultimately results in inflation.
If the money is SPENT into circulation, it is used to pay for a goods or service that have been produced. The creation of these goods or services represents the creation of wealth. Therefore this created money is a payment for wealth that has been produced. This also increases the money supply, but since a matching amount goods or services were also created, this does not result in inflation. This money is then "wealth based" making it is a representation of wealth that has been created and therefore has no debt or interest burden associated with it.