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Business/Finance See other Business/Finance Articles Title: How they steal our money.... America's Forgotten War Against the Central Banks PMF... "Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty) Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe. A note issued by a central bank, such as the Federal Reserve Note, is bank currency. These notes are given to the government in exchange for an interest-bearing government bond. The primary means to pay for the interest on these bonds is to borrow more bank notes, thus beginning a vicious cycle that ultimately ends with the complete destruction of the currency and bankruptcy of the nation. History is replete with such occurrences. (For a list of countries that have experienced hyperinflation click here). This begs the question as to why such a doomed system would exist? The reason is that during the course of the arrangement, which can last for centuries, the central bankers who issue the money amass great fortunes from the large sums of interest collected. In essence it is a transfer of wealth from the many to the elite few. Government leaders prefer such a system because it does not require budgets to be balanced. It is far more politically expedient to borrow, then to directly tax the citizens. The effects of currency debasement and debt accumulation are not obvious and in the words attributed to Vladimir Lenin by John Maynard Keynes, "By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens...There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." (John Maynard Keynes) Throughout the history of the United States there has been a struggle between central bankers and their interest-bearing money and those who oppose them. In fact, the United States was created as a direct result of that struggle. Colonial America In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold. As a result of scarcity of gold, the colonists turned to alternative forms of money including wampum, tobacco, and copper coins. Most silver coinage in circulation came from Spanish America, Spain, the Netherlands, the German States, France and other foreign countries. The colonies began issuing colonial script that was paper fiat currency not backed by gold or silver. This type of money was also known as colonial bills of credit. This radically differed from the bills of debit issued by the central banks of Europe. During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin how he would account for the newfound prosperity in the colonies. Franklin replied. "That is simple. In the colonies we issue our own money. It is called 'Colonial Script'. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers...In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one." In response, the Bank of England influenced the British Parliament to put a stop to this activity. Under the Currency Act of 1764, King George III decreed that the Colonists cease printing their own money. The colonial script in circulation was to be exchanged at a two-to-one ratio with notes drawn from the Bank of England. This caused widespread unemployment and economic depression in the colonies. Zharkov... The goal of globalists is global government. That can be obtained in 2 ways: 1. by consent of the world's population; or, 2. by force, through destruction, collapse, and recovery. But the point remains that war is itself a cause of collapse of both the attacker and the attacked. Nobody actually "wins" because each has a price to pay, and the price usually is economic disaster for both. WW2 was fought when America had adequate natural resources to both fight a war and also after the war to continue prosperity. The Vietnam War drained the remaining oil and other minerals sufficiently to cause massive inflation since then, and the close of the gold window. So war is never beneficial to any country. Global government advocates do not care about the waste and destruction. Bruce M Cow When we put and end to the holy bankers peace will break out around the world. Zharkov... The British exit from the EU is symbolic of the failure of item #1 above, so the globalists have moved on to war. Trump may or may not fall for their routine, but North Korea is backing away slightly so maybe this with work out without WW3 Atossa.... JEWS gain wealth and power via war. First they manipulate a war... then they lend money to both sides.. so no matter who wins... the JEWS win. That's how Rothschilds did it. Post Comment Private Reply Ignore Thread
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