DEBT AND THE ECONOMY Extract from: Truth Seeker Magazine.

The motivation of the elite financial dictatorship is fear. Economies, to function, depend upon the exchange and distribution of goods and services amongst people. Money is the system of tokens that is used to conduct that exchange. Therefore those tokens must be in sufficient supply in the economy in to enable exchange to occur. If there are there are not enough of them, if people cannot get their hands on them in sufficient quantities, then all the goods and services available cannot be exchanged. Goods cannot be sold, consumers cannot buy. We get a breakdown of distribution.

As the stock of money in circulation grows, the problem of debt and shortage of money running through the economy becomes worse. In the early 1960's 20% of our currency was composed of notes and coins issued debt-free by the goverment and the remaining 80% was debt created by the banks.

That was bad enough but today the stock of debt-free money has declined to just 3% of the total money stock, the remaining 97% is debt!

Debt at all levels has risen accordingly and with it a continual decline in spending power.

The goverment borrows money and local councils borrow money, we borrow money to buy a home, a car, a washing machine, a refrigerator and through deferred payments, HP, credit cards and overdrafts more and more of what we buy.

What is borrowed today must be paid back in greater amount tommorrow.When we pay back from our income what we have already borrowed, the amount of that income we can then spend on further purchases reduces our ability to buy.

If one is not short of money one does not need to borrow. A shortage of money - spending power - runs through the entire economy.

While the system of debt money is in place there can never be anything other than a shortage of money and a vast surfeit of debt. There is an endless list of things that need to be done: we need to build schools, hospitals, improve and repair existing amenities; we need to repair our broken down inner cities, clean up the enviroment and produce better quality food. Millions of people meanwhile are out of work and we need to provide for them and our youngsters the very work that is just begging to be done, proper meaningful work that gives them real worth.

Take one example: we need to build a new hospital. The materials to build it exist, the people to build it and man it exist, the demand for it exists.But it cannot be built. Why? Because there is not enough money. So why not create more money so that the materials, skills, and demand can come together?

It does not happen because goverments simply refuse to take responsibility for a job that is rightfully and logically theirs: the creation and issuance of the nation's money. So we wind up with a scarcity of money, an artificialy created barrier to production because the only real barriers are the absence of resources, skills, people or demand.

While we live in a civilisation of unprecedented technical know-how, the legacy of the debt money system is income tax, unemployment, business failure, declining services, decaying cities, bad food, poverty, a deteriorating enviroment and a very uncertain future.

Lords of the House of Cards Those who create and issue the global currency of debt, constitue a financial dictatorship which has dominion and sovereignty over all the peoples of the Earth. If all the money in existanc is owed to the bankers and if our money represents goods and assets, then all the goods and assets are owed to the banks. Those who have access to bank credit credit survive and those who don't, perish.

Tremendous power is placed into the hands of bankers and they can make or break any nation as they see fit. If all this makes your head spin, seems to bizarre or disturbing to confront, recognise that you are not alone -- and that you are looking at the underlying flaw that has turned our civilisation into a mismanaged economic mess.

You are looking at one of the most audacious, dishonest, destructive and repellent deceptions ever foisted upon Man. The vulnerability of those who profit from our current money system is that they depend utterly on our continuing ignorance of the workings of what is essentially global fraud.

The system they have created is inherently unstable. As the economies of the globe teeter from one crises to the next, the risk of one currency getting out of hand and exposing the flaw in the whole system demands that the number of currencies be reduced. The ideal, from the viewpoint of the financial dictatorship, is a single global common currency.

The ideal, from the viewpoint of the financial dictatorship, is a single global common currency. Thus we see moves towards a global goverment.

The Federal State of Europe with its common currency is one major step in that direction because it will enable the money of all the nations of Europe to be controlled from one central bank.

Motivated by Fear
John F Kennedy and Abraham Lincoln were struck down before they could wrest control of their nations destiny from the banking elite that controls the money supply.

Assassins cannot, however, be used to muzzle the Internet, which is why we can expect and must defeat moves to discredit and curb the freedoms of the Net.Whilst ideas continue to flow freely and unhindered on the Internet, the credit based global monetary system is in danger and so are those who hold the hidden reins of power.

Why? Because the continuance of any fraud depends upon its victims remaining ignorant of the fact that they are being taken for a ride. Exposure will kill it, particularly when people come to realise the harm it has done to them personally, to their communities and indeed the planet on which they live.

Goverments may be willing to condone a money system that has done their own people inestimable harm but the people themselves will not.

So these crimes must be hidden from view at all costs. Imagine someone who has day in and day out presided over such a catalogue of human misery. He and his cronies have produced nothing of any worth and in the process smashed up industries, pushed once prosperous nations into poverty, thrown millions of human beings onto the scrap heap, siphoned off the wealth of a planet and caused the deaths of millions in an impoverished Third World.

Picture if you can such an individual's fear of the rest of humanity ever finding out what he has done. He knows the whole house of cards he has built is unstable and teeters forever on the verge of collapse and envisages a dire fate for himself if ever he loses control.

The motivation of the elite global financial dictatorship is fear: the motivation for EMU is an attempt by the banking elite to protect their vast privileges and they are driven by fear of exposure.

What such people do not comprehend is that very few of us are interested in retribution. We just want to put things straight and enable Man - all men - to enjoy the untapped potential of his considerable ingenuity.

With grateful thanks to Dr Edward C Hamlyn M.B.Ch.B for much of the information used here.

Much more can be found in 'MONETARY REFORM NOT MONETARY UNION' from which this peice was extracted.Available from:
BAMR, 20 Windsor Road,Thornton Heath,
Surrey,CR7 8HE at £3.00 per copy.

There will be further extracts in the next edition.

The Federal Reserve Bank

Like the Bank of England the Federal Reserve in the US is ostensibly a public institution. However like the Bank of England it operates as a private body, lending money to the US goverment and making vast profits in return,none of which is taxed. In May 1933 Congressman Louis T.McFadden filed charges against the Federal Reserve Bank, including conspiracy, fraud, unlawful conversion and treason.Thereafter the charges were referred to a Judiciary Committee and have yet to be acted upon.

McFadden was in a unique position to know having been Chairman of the Banking and Currency Committee for more than ten years. According to him the Federal Reserve Bank was "... one of the most corrupt institutions the world has ever known...The Fed has cheated the Goverment and the American people...This evil institution...operates through the maladministration of that law and through the corrupt practises of the moneyed vultures who control it."

In the aftermath of McFadden having filed the charges several attempts were made on his life.

The first occured when several shots were fired at him as he got out of a cab in Washington.They missed and lodged themselves in the vehicle. The secound occured at a banquet in the city when he became violently ill due to what was later announced as 'poisoning'. Fortunately a Docter was on hand to operate an emergency stomach pump. He died a few years later due to "a sudden heart failure

 

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