What does that really mean in today’s society...who makes the rules when it comes to money? How many people do not know where the money comes from and who really controls it? It would come to surprise many people that the US money is not controlled by the government...it is a monopoly on a commodity that is controlled by private banks. How many people know how fractional reserve banking really works, and how our debt based economy will never lead us to lesser taxes, only increased?
The Revolutionary War was started as Benjamin Franklin said..."...George III and the Central Banks where the prime reason for the start of the war...". We had discovered the secret of money so far away from the influence of England’s Central Bank. We had discovered that money was the slave of human prosperity and not the master of it, but along the lines, the bankers won back over the influence of the American people and quietly hushed away and brushed aside the real reasons of the Central Reserve Banks and the practices of fractional reserve banking.
Since 1913 and the passing of the Federal Reserve Bank Act, we the people, pay more and more taxes on ever and ever increasing interests of our national debt with no chance to really pay it off. The Federal Reserve buys bonds with money they don't have, and sends them to banks for a stronger reserve, from which they lend at 1k% their value, and all at interest. Those that control the money flow, control the constant flux of inflation and deflation which benefit them in both directions.
Every President that has known this and has tried to change it has been assassinated or it was attempted. From Andrew Jackson, Abraham Lincoln, JFK, to Ronald Reagan, not to exclude James Garfield and William McKinley, have found the foe of human prosperity and sovereignty within the practices of fractional reserve and a dept based economy.
Andrew Jackson’s Farewell speech to the American People: a great read.
http://www.reformation.org/jackson_f...l_message.html
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Abraham Lincoln's Monetary Policy, 1865 (Page 91 of Senate document 23.)
Money is the creature of law and the creation of the original issue of money should be maintained as the exclusive monopoly of national Government.
Money possesses no value to the State other than that given to it by circulation.
Capital has its proper place and is entitled to every protection. The wages of men should be recognized in the structure of and in the social order as more important than the wages of money.
No duty is more imperative for the Government than the duty it owes the People to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labor will be protected from a vicious currency, and commerce will be facilitated by cheap and safe exchanges.
The available supply of Gold and Silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use.
The monetary needs of increasing numbers of People advancing towards higher standards of living can and should be met by the Government. Such needs can be served by the issue of National Currency and Credit through the operation of a National Banking system .The circulation of a medium of exchange issued and backed by the Government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by Taxation, Redeposit, and otherwise. Government has the power to regulate the currency and credit of the Nation.
Government should stand behind its currency and credit and the Bank deposits of the Nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy.
Government possessing the power to create and issue currency and creditas money and enjoying the right to withdraw both currency and credit from circulation (my emphasis) by Taxation and otherwise need not and should not borrow capital at interest as a means of financing Governmental work and public enterprise. The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity.
By the adoption of these principles the long felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprise, the maintenance of stable Government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.
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James Garfield became President in 1881 with a firm grasp of where the problem lay.
"Whosoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."
James Garfield 1881
Within weeks of releasing this statement President Garfield was assassinated.
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When William McKinley became president he too opposed the central banks and proposed a return to the gold standard. William McKinley was shot on Sept. 6, 1901 and died Sept. 14, 1901. McKinley became the third president to oppose the central bankers and to be assassinated.
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"This year, I authorized the issuance of United State Notes. They are the same appearance except for the heading at the top. The difference is that we pay interest to the Federal Reserve on their notes, whereas we pay no interest on United State Notes." President John Kennedy (He was assassinated 10 days later)
President Kennedy's Executive Order 11.110 called for the issuance of $4.2 billion in a new currency called United States Notes. These notes were interest free and debt free. They were issued through the U.S. Treasury. The first thing agent Lyndon B. Johnson did as President was to revoke Kennedy's executive order.
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Reagan's legacy is not the economic “policies" of his era, but his rescuing of classical economy theory and philosophy, which now dominate economic policymaking throughout most of the world. We forget that Reagan's economic ideas extended to monetary theory, specifically his intellectual support for a gold standard.
President Reagan threatened to replace Federal Reserve Bank chairman Paul Volcker. Reagan said: " …that the Federal Reserve Bank was answerable to no one - not even the president..." Shortly after Reagan's comment he was shot.
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I leave it to your self to study the history of money, and where it really comes from and who really controls it. Those that make the gold, make the rules:
The Money Changers
Rothschild – "Give me control of a nation's money and I care not who makes the laws."
03-19-2005, 12:18 PM
Those that make the gold, make the rules
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