written by: Paul Adams
As Coolio said, we spend our lives living in a gangsta’s paradise. What he failed to mention is that throughout history the most sinister and dangerous gangsters are banksters. There is no shortage of historical quotes to prove this point.
Gerald Celente points out that the only time the Prince of Peace became violent is when he cleansed the temple of the money changers.
… Jesus went up to Jerusalem. In the temple he found those who were selling oxen and sheep and pigeons, and the money-changers sitting there. And making a whip of cords, he drove them all out of the temple, with the sheep and oxen. And he poured out the coins of the money-changers and overturned their tables.
Today, the money changers have conquered the world through numerous frauds including debt-based currencies issued by their privately owned central banks, fractional reserve lending, fiat currencies and political think-tanks such as the Council on Foreign Relations, Trilateral Commission and Bilderberg Group, which control all major political parties.
To free the world of debt slavery and a totalitarian world government run by banksters, it is necessary to understand these frauds. Let us start with the private banking cartel known as the Federal Reserve, which issues and controls the value of the world’s first reserve paper currency, the U.S. dollar.
It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford
The world financial system seems complex but it is actually very simple: a cabal of banksters has conquered the world by lending people and governments money that does not exist and charging interest on it.
- Paul Warburg, a partner of international investing giant Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty in Europe, brother to Max Warburg who was head of the Warburg banking consortium in Germany.
- Senator Nelson Aldrich: business associate of J.P. Morgan and father-in-law to John D. Rockefeller, Jr.
- Frank Vanderlip: president of National City Bank of New York, one of the most powerful banks at the time, representing William Rockefeller and Kuhn, Loeb & Company.
- Henry Davidson: senior partner of J.P. Morgan.
- Charles Norton: president of J.P. Morgan’s First National Bank of New York.
- Abraham Andrew, Assistant Secretary of the U.S. Treasury.
- Benjamin Strong, head of J.P. Morgan’s Bankers Trust Company.
Bankster stooge Woodrow Wilson signed the Federal Reserve Act into law on December 23, 1913. On that day, the U.S. government officially transferred its power to create money and regulate the value thereof to the world’s wealthiest private banksters. Furthermore, the U.S. government would now borrow money from private banks, enslaving its citizens with the national debt, rather than creating its own money interest free.
Former Federal Reserve Chairman Alan Greenspan publicly brags that the private banking cartel isabove the law and creates unlimited money out of nothing to loan its insolvent borrower, the U.S. government.
David Lang, a Federal Reserve employee, admits that the Federal Reserve is a private corporation that pays dividends to its undisclosed shareholders. The head of security at the San Antonio Federal Reserve also admits the institution is private.
… is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.
- Citigroup: $2.5 trillion ($2,500,000,000,000)
- Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
- Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
- Bank of America: $1.344 trillion ($1,344,000,000,000)
- Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
- Bear Sterns: $853 billion ($853,000,000,000)
- Goldman Sachs: $814 billion ($814,000,000,000)
- Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
- JP Morgan Chase: $391 billion ($391,000,000,000)
- Deutsche Bank (Germany): $354 billion ($354,000,000,000)
- UBS (Switzerland): $287 billion ($287,000,000,000)
- Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
- Lehman Brothers: $183 billion ($183,000,000,000)
- Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
- BNP Paribas (France): $175 billion ($175,000,000,000)
- and many more including banks in Belgium of all places
Tax Freedom Day 2012 arrives on April 17 this year, four days later than last year due to higher federal income and corporate tax collections. That means Americans will work 107 days into the year, from January 1 to April 17, to earn enough money to pay this year’s combined 29.2% federal, state, and local tax bill. (Source)
That shows, on average, that the IRS and other tax collectors steal 3.5 months of each Americans’ labor time each year, or one-third of earned income. Of course, many Americans pay much higher tax rates, with a top individual Federal tax bracket of 35%.
The private Federal Reserve is one of largest holders of U.S. government debt, owning approximately $1.65 trillion in U.S. Treasury securities. Much of the collected federal income taxes go towards paying interest on the national debt to the Fed for money that it created out of nothing and loaned to the government at interest. This unfortunate reality has been verified by G. Edward Griffin, Joe Plummer, IRS whistleblower, Joe Banister, and many others.
I set up a Rothbard Bank, and invest $1,000 of cash. Then I ‘lend out’ $10,000 to someone, either for consumer spending or to invest in his business. How can I ‘lend out’ far more than I have? Ahh, that’s the magic of the ‘fraction’ in the fractional reserve. I simply open up a checking account of $10,000 which I am happy to lend to Mr. Jones. Why does Jones borrow from me? Well, for one thing, I can charge a lower rate of interest than savers would. I don’t have to save up the money myself, but simply can counterfeit it out of thin air. Since demand deposits at the Rothbard Bank function as equivalent to cash, the nation’s money supply has just, by magic, increased by $10,000. The inflationary, counterfeiting process is under way.
In short, the money you borrow from a bank is created out of nothing. On the other hand, you must actually produce real goods and services to earn money to pay back the bank plus interest. Of course, the largest banks, which most likely own shares of the Fed as discussed in Part 1, make the most money from this magical fraud.
When banksters create money faster than the economy grows, the purchasing power of the dollar declines which is known as inflation. There is no question that each year Americans work harder for less money (reduced purchasing power) thanks to the private Fed’s criminal inflationary policies.
Home Mortgage Slavery
The great jurist Sir Edward Coke, who lived from 1552 to 1634, has explained why the term mortgage comes from the Old French words mort, ‘dead,’ and gage, ‘pledge.’ It seemed to him that it had to do with the doubtfulness of whether or not the mortgagor will pay the debt. (Source)
Almost half the world, three billion people, live on less than $2.50 per day and 80 percent of humanity lives on less than $10 per day. According to UNICEF, 22,000 children die each day due to poverty. That is, people are dying because a bank did not create enough digits on a computer screen (money) for them to buy food. This is no accident; it is the banksters’ move to depopulate the planet.
John Perkins wrote Confessions of an Economic Hit Man. During the 1970s he worked as an economic planner for an international consulting firm. In his book he describes how the globalists force the economic hegemony of the banksters, the IMF and World Bank on victim nations in the Third World.
Perkins’ job was to negotiate huge loans to third-world nations, loans that the banksters created out of nothing and which they knew the borrower nation could not repay. Once the borrower defaulted, the banksters would move in to steal the nation’s natural resources and gain control of its political system and economy.
Several third-world leaders had integrity and refused to enslave their nations to the money changers. They also refused the cash, luxury, cocaine and hookers Perkins offered them on behalf of the banksters Perkins says that leaders who would not play ball would eventually be overthrown in a CIA sponsored coup or assassinated.
In the United States, the current economic depression caused by the Federal Reserve has resulted in 44 million once independent Americans relying on the government for food assistance. Many food assistance recipients hold college and post-graduate degrees.
Additionally, up to 1 million U.S. families are too broke to go bankrupt, that is they don’t have the money to cover legal fees.
The banksters also support wars (often arming and funding both sides) by creating money out of nothing.
We must educate others as to the issues in this article and the nature of the real government. No one would invest in Enron or trust MF Global today because their crimes are pubic knowledge. Likewise, the banksters will not be able to continue their crimes when they become common knowledge.
Boycotting the largest banks is a necessity as is refusing to own shares of their stock.
David Icke’s excellent lecture on the corrupt money and banking system is worth sharing with others.