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Title: BENJAMIN FRANKLIN: "The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."
Source:
Benjamin Franklin's autobiography
URL Source: http://www.saltcube.com/out-of-body/chat-forum/viewTopic.jsp?t=29238
Published: Jul 27, 2007
Author: Benjamin Franklin
Post Date: 2007-07-27 17:10:24 by Uncle Bill
Keywords: Abolish, The, FED
Views: 854
Comments: 28
"In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed." "The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."
Benjamin Franklin
Benjamin Franklin - Benjamin Franklin's autobiography.
During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin how he would account for the new found 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."
Benjamin Franklin 1 [1. Congressman Charles G. Binderup of Nebraska, Unrobing the Ghosts of Wall Street]
America had learned that the people's confidence in the currency was all they needed, and they could be free of borrowing debts. That would mean being free of the Bank of England.
In Response the world's most powerful independent bank used its influence on the British parliament to press for the passing of the Currency Act of 1764.
This act made it illegal for the colonies to print their own money, and forced them to pay all future taxes to Britain in silver or gold.
Here is what Franklin said after that.
"In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed."
Benjamin Franklin
"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."
- Benjamin Franklin's autobiography
Incidentally, when the private Federal Reserve Bank was created the US once again lost control of its money supply. The Fed is indirectly controlled through ownership of its member banks by banks in the City of London and so the creation of the Fed put the US right back in the same state that the Founding Fathers fought a war to escape from.
The Money Masters video goes into that in more detail:
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#1. To: Uncle Bill (#0)
Abolish the Federal Reserve!
Jeremiah 31:32 Not according to the covenant that I made with their fathers in the day [that] I took them by the hand to bring them out of the land of Egypt; which my covenant they brake, although I was an husband unto them, saith the LORD:
Also take every cent they have as it was all stolen.
Transcript from the Money Masters - This is just the part about Andrew Jackson. "I Killed the Bank." Meanwhile back in Washington, in 1816, just one year after Waterloo and the Rothschild's alleged takeover of the Bank of England, the American Congress passed a bill permitting yet another privately owned central bank. This bank was called the Second Bank of the United States. The new bank's charter was a copy of the previous banks. The U.S. government would own 20% of the shares of the bank. Of course, the Federal share was paid by the Treasury up front into the Bank's coffers. Then, through the magic of fractional reserve lending, it was transformed into loans to private investors who then bought the remaining 80% of the shares. Just as before, the primary stock holders remained a secret, but it is known that the largest block of shares, about 1/3rd of the total, were sold to foreigners. As one observer put it, it is certainly no exaggeration to say that the Second Bank of the United States was rooted as deeply in Britain as it was in America. So, by 1816, some authors claim, the Rothschilds had taken control of the Bank of England and backed the new privately owned central bank in America as well. After 12 years of manipulations of the US economy on the part of the Second Bank of the U.S., the American people had had just about enough. Opponents of the Bank, nominated a dignified senator from Tennessee named Andrew Jackson, the hero of the Battle of New Orleans, to run for President. This is his home, "The Hermitage". No one gave Jackson a chance initially. The Bank had long ago learned how the political process could be controlled with money. To the surprise and dismay of the "money changers", Jackson was swept into office in 1828. Jackson was determined to kill the Bank at the first opportunity. And he wasted no time in trying to do so. But the Bank's 20-year charter didn't come up for renewal until 1836, the last year of his second term, if he could survive that long. During his first term, Jackson contented himself with rooting out the Bank's many minions from government service. He fired 2,000 of the 11,000 employees of the federal government. In 1832, with his re-election approaching, the Bank struck an early blow, hoping that Jackson would not want to stir up controversy. They asked Congress to pass a renewal bill 4 years early. Naturally, Congress complied and sent it to the President for signing, but Jackson weighed-in with both feet. "Old Hickory", never a coward, vetoed the bill. His veto message is one of the great American documents. It clearly lays out the responsibility of the federal government towards its citizens, rich and poor. "It is not our own citizens only who are to receive the bounty of our Government. More than eight millions of the stock of this bank are held by foreigners.... Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? ...." "Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence .... would be more formidable and dangerous than a military power of the enemy." "If [government] would confine itself to equal protection, and, as Heaven does its rains, shower its favor alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles." -- Andrew Jackson Later that year, in July 1832, Congress was unable to override Jackson's veto. Now, Jackson had to stand for re-election. Jackson took his argument directly to the people. For the first time in US history, Jackson took his Presidential campaign on the road. Before then, Presidential candidates stayed at home and looked Presidential. His campaign slogan was "Jackson and no Bank". The National Republican party ran Senator Henry Clay against Jackson. Despite the fact that the bankers pored over 3 million dollars into Clay's campaign, Jackson was re-elected by a landslide in November of 1832. Despite his Presidential victory, Jackson knew the battle was only beginning. "The hydra of corruption is only scotched, not dead", said the newly elected President. Jackson ordered his new Secretary of Treasury, Lewis McClean, to start removing the government's deposits from the Second Bank and start placing them in state banks. But McClean refused to do so. Jackson fired him and appointed William J Duane as the new Secretary of the Treasury. Duane also refused to comply with the President's requests and so Jackson fired him as well. And then appointed Roger B Teney to the office. Teney did withdrawal government funds from the Bank starting on October 1st, 1833. Jackson was jubilant. "I have a chain. I'm ready with screws to draw every tooth and then the stumps." But the Bank was not yet done fighting. Its head Nicholas Biddle used its influence to get the Senate to reject Teney's nomination. Then, in a rare show of arrogance, Bittle threatened to cause a depression, if the Bank was not rechartered. "This worthy President thinks that because he has scalped Indians and imprisoned Judges, he is to have his way with the Bank. He is mistaken." Next, in an unbelievable fit of honesty for a central banker, Biddle admitted that he was going to make money scarce to force Congress to restore the Bank. "Nothing but widespread suffering will produce any effect on Congress.... Our only safety is in pursuing a steady course of firm restriction - and I have no doubt that such a course will ultimately lead to restoration of the currency and the recharter of the Bank." What a stunning revelation. Here was the pure truth, revealed with shocking clarity. Biddle intended to use the money-contraction power of the Bank to cause a massive depression until America gave in. Unfortunately, this has happened time and time again throughout US history, and is about to happen again, in today's world. Nicholas Biddle made good on his threat. The Bank sharply contracted the money supply by calling in old loans and refusing to extend new ones. A financial panic ensued, followed by a deep depression. Naturally, Biddle blamed Jackson for the crash, saying that it was caused by the withdrawal of federal funds from the Bank. Unfortunately, his plan worked well. Wages and prices sagged. Unemployment soared, along with business bankruptcies. The nation quickly went into an uproar. Newspaper editors blasted Jackson in editorials. The Bank threatened to withhold payments, which then could be made directly to key politicians for their support. Within only months, Congress assembled in what was called the "Panic Session." Six months after he had withdrawn funds from the Bank, Jackson was officially censured by a resolution that passed the Senate by a vote of 26 to 20. It was the first time that a President had ever been censured by Congress. Jackson lashed out at the Bank. "You are a den of vipers. I intend to rout you out and by eternal God, I will rout you out." America's fate teetered on a knife edge. If Congress could muster enough votes to override Jackson's veto, the Bank would be granted another 20- year monopoly or more over America's money, time enough to consolidate its already great power. Then, a miracle occurred. The governor of Pennsylvania came out supporting Jackson and strongly criticized the Bank. On top of that, Biddle had been caught boasting in public about the Bank's plan to crash the economy. Suddenly the tide shifted. In April of 1834, the House of Representatives voted 134 to 82 against rechartering the Bank. This was followed up by an even more lopsided vote to set up a special committee to investigate whether the Bank had caused the crash. When the investigating committee arrived at the Bank's door in Philidelphia, armed with a subpoena to examine the books, Biddle refused to give them up, nor would he allow inspection of correspondence with Congressmen, relating to their personal loans and advances he made to them. He also refused to testify before the committee back in Washington. In January 8th, 1835, Jackson paid off the final installment on the national debt, which had been necessitated by allowing the banks to issue currency for government bonds, rather than simply issuing treasury notes without such debt. He was the only President to ever pay off the debt. A few weeks later, on January 30th, 1835, an assassin by the name of Richard Lawrence, tried to shoot President Jackson. But by the grace of God, both pistols misfired. Lawrence was later found not guilty by reason of insanity. After his release, he bragged to friends that powerful people in Europe had put him up to the task and promised to protect him if he were caught. The following year, when its charter ran out, the Second Bank of the United States, ceased functioning as the nation's central bank. Biddle was later arrested and charged with fraud. He was tried and acquitted, but died shortly thereafter, while still tied up in civil suits. After his second term as President, Jackson retired here to the Hermitage outside of Nashville to live out his life. He is still remembered here for his determination to kill the Bank. In fact, he killed it so well that it took the "money changers" 77 years to undo the damage. When asked what his most important accomplishment had been, Jackson replied, "I killed the Bank." Unfortunately, even Jackson failed to grasp the entire picture and its root cause. Although Jackson had killed the central bank, the most insidious weapon of the "money changers" - fractional reserve banking - remained in use by the numerous state-chartered banks. This fueled economic instability in the years before the Civil War. Still, the central bankers were out and as a result, America thrived as it expanded westward. During this time, the principal "money changers" struggled to regain their lost centralized power, but to no avail. Then, finally they reverted to the old central banker's formula: war to create debt and dependency. If they couldn't get their central bank any other way, America could be brought to its knees by plunging it into a Civil War, just as they had done in 1812, after the First Bank of the United States was not re- chartered.
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
here is Sheldon Emry's classic essay relating to this subject. http://www.justiceplus.org/bankers .htm from 1700 to 1750 the American colonies each were able to create their own money. They would print up fiat currency from thin air. and use it as legal tender. They would circulate it by 2 means - they would either use it to pay the government's expenses or they would lend it out to what they considered worthwhile causes. The money would be paid back WITHOUT interest. The causes they liked to lend for would be for citizens to build homes or businesses. With interest-free loans the citizens prospered mightily. and the governments each built for themselves a cash-flow. This kept taxes low - very very low. this explains the quick prosperity in America. and when the King of England took that away Benjamin Franklin and others I suppose really noticed. But we in the modern America are living under the burden of the Federal Reserve that sucks from our economy about 8-9% of our gdp every year as payment for the currency that they create. I'm not making that up. The federal government alone gives 400 billion dollars cash a year each October to the Federal Reserve as interest payments on the federal debt. The 12 member banks also distribute money in the form of loans that the Federal reserve creates from thin air. and this money is paid back both principal & interest. and they advance it when they receive it to the Federal Reserve. They receive 8-9% of our entire gdp each year as a sort of tribute or a sort of tax that they did absolutely nothing to earn other than to influence the federal government to put them in the privileged position of being the only authorized agent to create US dollars.
Jeremiah 31:32 Not according to the covenant that I made with their fathers in the day [that] I took them by the hand to bring them out of the land of Egypt; which my covenant they brake, although I was an husband unto them, saith the LORD:
I certainly think it appropriate that punishments be doled out to them. whatever money or property they have should of course be confiscated as a start.
Jeremiah 31:32 Not according to the covenant that I made with their fathers in the day [that] I took them by the hand to bring them out of the land of Egypt; which my covenant they brake, although I was an husband unto them, saith the LORD:
very excellent thread information.
Jeremiah 31:32 Not according to the covenant that I made with their fathers in the day [that] I took them by the hand to bring them out of the land of Egypt; which my covenant they brake, although I was an husband unto them, saith the LORD:
GOVERNMENT PAPER MONEY Apart from medieval China, which invented both paper and printing centuries before the West, the world had never seen government paper money until the colonial government of Massachusetts emitted a fiat paper issue in 1690. 4, 5 Massachusetts was accustomed to launching plunder expeditions against the prosperous French colony in Quebec. Generally, the expeditions were successful, and would return to Boston, sell their booty, and pay off the soldiers with the proceeds. This time, however, the expedition was beaten back decisively, and the soldiers returned to Boston in ill humor, grumbling for their pay. Discontented soldiers are ripe for mutiny, so the Massachusetts government looked around in concern for a way to pay the soldiers. It tried to borrow £3,000–£4,000 from Boston merchants, but evidently the Massachusetts credit rating was not the best. Finally, Massachusetts decided in December 1690 to print £7,000 in paper notes and to use them to pay the soldiers. Suspecting that the public would not accept irredeemable paper, the government made a twofold pledge when it issued the notes: that it would redeem them in gold or silver out of tax revenue in a few years and that absolutely no further paper notes would be issued. Characteristically, however, both parts of the pledge went quickly by the board: The issue limit disappeared in a few months, and all the bills continued unredeemed for nearly 40 years. As early as February 1691, the Massachusetts government proclaimed that its issue had fallen “far short” and so it proceeded to emit £40,000 of new money to repay all of its outstanding debt, again pledging falsely that this would be the absolute final note issue. But Massachusetts found that the increase in the supply of money, coupled with a fall in the demand for paper because of growing lack of confidence in future redemption in specie, led to a rapid depreciation of new money in relation to specie. Indeed, within a year after the initial issue, the new paper pound had depreciated on the market by 40 percent against specie. By 1692, the government moved against this market evaluation by use of force, making the paper money compulsory legal tender for all debts at par with specie, and by granting a premium of 5 percent on all payment of debts to the government made in paper notes. This legal tender law had the unwanted effect of Gresham’s Law: the disappearance of specie circulation in the colony. In addition, the expanding paper issues drove up prices and hampered exports from the colony. In this way, the specie “shortage” became the creature rather than the cause of the fiat paper issues. Thus, in 1690, before the orgy of paper issues began, £200,000 of silver money was available in New England; by 1711, however, with Connecticut and Rhode Island having followed suit in paper money issue, £240,000 of paper money had been issued in New England but the silver had almost disappeared from circulation. Ironically, then, Massachusetts’s and her sister colonies’ issue of paper money created rather than solved any “scarcity of money.” The new paper drove out the old specie. The consequent driving up of prices and depreciation of paper scarcely relieved any alleged money scarcity among the public. But since the paper was issued to finance government expenditures and pay public debts, the government, not the public, benefited from the fiat issue. After Massachusetts had emitted another huge issue of £500,000 in 1711 to pay for another failed expedition against Quebec, not only was the remainder of the silver driven from circulation, but, despite the legal tender law, the paper pound depreciated 30 percent against silver. Massachusetts pounds, officially 7 shillings to the silver ounce, had now fallen on the market to 9 shillings per ounce. Depreciation proceeded in this and other colonies despite fierce governmental attempts to outlaw it, backed by fines, imprisonment, and total confiscation of property for the high crime of not accepting the paper at par. Faced with a further “shortage of money” due to the money issues, Massachusetts decided to press on; in 1716, it formed a government “land bank” and issued £100,000 in notes to be loaned on real estate in the various counties of the province. Prices rose so dramatically that the tide of opinion in Massachusetts began to turn against paper, as writers pointed out that the result of issues was a doubling of prices in the past 20 years, depreciation of paper, and the disappearance of Spanish silver through the operation of Gresham’s Law. From then on, Massachusetts, pressured by the British Crown, tried intermittently to reduce the bills in circulation and return to a specie currency, but was hampered by its assumed obligations to honor the paper notes at par of its sister New England colonies. In 1744, another losing expedition against the French led Massachusetts to issue an enormous amount of paper money over the next several years. From 1744 to 1748, paper money in circulation expanded from £300,000 to £2.5 million, and the depreciation in Massachusetts was such that silver had risen on the market to 60 shillings an ounce, ten times the price at the beginning of an era of paper money in 1690. By 1740, every colony but Virginia had followed suit in fiat paper money issues, and Virginia succumbed in the late 1750s in trying to finance part of the French and Indian War against the French. Similar consequences—dramatic inflation, shortage of specie, massive depreciation despite compulsory par laws—ensued in each colony. Thus, along with Massachusetts’ depreciation of 11-to-1 of its notes against specie compared to the original par, Connecticut’s notes had sunk to 9-to-1 and the Carolinas’ at 10-to-1 in 1740, and the paper of virulently inflationist Rhode Island to 23-to-1 against specie. Even the least-inflated paper, that of Pennsylvania, had suffered an appreciation of specie to 80 percent over par. A detailed study of the effects of paper money in New Jersey shows how it created a boom-bust economy over the colonial period. When new paper money was injected into the economy, an inflationary boom would result, to be followed by a deflationary depression when the paper money supply contracted.6 At the end of King George’s War with France in 1748, Parliament began to pressure the colonies to retire the mass of paper money and return to a specie currency. In 1751, Great Britain prohibited all further issues of legal tender paper in New England and ordered a move toward redemption of existing issues in specie. Finally, in 1764, Parliament extended the prohibition of new issues to the remainder of the colonies and required the gradual retirement of outstanding notes. Following the lead of Parliament, the New England colonies, apart from Rhode Island, decided to resume specie payment and retire their paper notes rapidly at the current depreciated market rate. The panicky opponents of specie resumption and monetary contraction made the usual predictions in such a situation: that the result would be a virtual absence of money in New England and the consequent ruination of all trade. Instead, however, after a brief adjustment, the resumption and retirement led to a far more prosperous trade and production—the harder money and lower prices attracting an inflow of specie. In fact, with Massachusetts on specie and Rhode Island still on depreciated paper, the result was that Newport, which had been a flourishing center for West Indian imports for western Massachusetts, lost its trade to Boston and languished in the doldrums.7, 8 In fact, as one student of colonial Massachusetts has pointed out, the return to specie occasioned remarkably little dislocation, recession, or price deflation. Indeed, wheat prices fell by less in Boston than in Philadelphia, which saw no such return to specie in the early 1750s. Foreign exchange rates, after the resumption of specie, were highly stable, and “the restored specie system operated after 1750 with remarkable stability during the Seven Years War and during the dislocation of international payments in the last years before the Revolution.”9 Not being outlawed by government decree, specie remained in circulation throughout the colonial period, even during the operation of paper money. Despite the inflation, booms and busts, and shortages of specie caused by paper issues, the specie system worked well overall: Here was a silver standard . . . in the absence of institutions of the central government intervening in the silver market, and in the absence of either a public or private central bank adjusting domestic credit or managing a reserve of specie or foreign exchange with which to stabilize exchange rates. The market . . . kept exchange rates remarkably close to the legislated par. . . . What is most remarkable in this context is the continuity of the specie system through the seventeenth and eighteenth centuries.10 4 Government paper redeemable in gold began in the early ninth century, and after three centuries the government escalated to irredeemable fiat paper, with the usual consequences of boom-bust cycles, and runaway inflation. See Gordon Tullock, “Paper Money—A Cycle in Cathay,” Economic History Review 9, no. 3 (1957): 393–96. 5 The only exception was a curious form of paper money issued five years earlier in Quebec, to become known as “card money.” The governing intendant of Quebec, Monsieur Mueles, divided some playing cards into quarters, marked them with various monetary denominations, and then issued them to pay for wages and materials sold to the government. He ordered the public to accept the cards as legal tender, and this particular issue was later redeemed in specie sent from France. 6 Donald L. Kemmerer, “Paper Money in New Jersey, 1668–1775,” New Jersey Historical Society, Proceedings 74 (April 1956): 107–44. 7 Before Massachusetts went back to specie, it was committed to accept the notes of the other New England colonies at par. This provided an incentive for Rhode Island to inflate its currency wildly, for this small colony, with considerable purchases to make in Massachusetts, could make these purchases in inflated money at par. Thereby Rhode Island could export its inflation to the larger colony, but make its purchases with the new money before Massachusetts prices could rise in response. In short, Rhode Island could expropriate wealth from Massachusetts and impose the main cost of its inflation on the latter colony. 8 If Rhode Island was the most inflationary of the colonies, Maryland’s monetary expansion was the most bizarre. In 1733, Maryland’s public land bank issued £70,000 of paper notes, of which £30,000 was given away in a fixed amount to each inhabitant of the province. This was done to universalize the circulation of the new notes, and is probably the closest approximation in history of Milton Friedman’s “helicopter” model, in which a magical helicopter lavishes new paper money in fixed amounts of proportions to each inhabitant. The result of the measure, of course, was rapid depreciation of new notes. However, the inflationary impact of the notes was greatly lessened by tobacco still being the major money of the new colony. Tobacco was legal tender in Maryland and the paper was not receivable for all taxes. 9 Roger W. Weiss, “The Colonial Monetary Standard of Massachusetts,” Economic History Review 27 (November 1974): 589. 10 Ibid., p. 591. Murray Rothbard, A History of Money and Banking in the United States: The Colonial Era to World War II, pp. 51-57
The U.S. Constitution is no impediment to our form of government.--PJ O'Rourke
The U.S. Constitution is no impediment to our form of government.--PJ O'Rourke
That is a great book. Thanks.
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
Excellent material...too bad there is not some sex involved so more people would at least check it out. Prime reason for the Revolution...Only once in my long life have I read that the Founding Fathers used the tea tax etc as a PRETEXT to instigate the war. Wherever I read that, the author did not mention money issuance as a cause.
My pleasure. I have enjoyed the copy I own.
The U.S. Constitution is no impediment to our form of government.--PJ O'Rourke
My understanding was that the colonists did not object to the size of the tea tax, etc., but to the fact that the proceeds would go to England and be used in the prosecution and adjudication of colonists in England for admiralty offenses. The colonists wanted all crimes committed in the colonies to be adjudicated in the colonies -- and before juries whenever possible.
The U.S. Constitution is no impediment to our form of government.--PJ O'Rourke
"too bad there is not some sex involved so more people would at least check it out" That's the culture that we live in. There is no more serious issue than abolishing the FED. None. If you abolish the FED, then you abolish the IRS. The monster will then starve to death. There will be an explosion of freedom and liberty like the world has not ever seen. The American people can't seem to see the light regarding the purchasing power of the dollar and the inflationary destruction of it by the FED. They will facilitate a Depression or Hyper-inflation period to try to punish us and get us to cry to the elite for salvation, but after that period, freedom and liberty, freedom and liberty. It's hard to find serious people in this day and age. That will cost us our Constitutional Republic, our freedoms and liberties, and eventually our lives.
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
Culture??? I prefer to use "dumbed down society". Rep. Louis Mcfadden was born and raised down the road aways from me. Whenever I encounter people from his hometown, I ask them about him. I have never found anyone that has ever heard of McFadden. Not one person. One did tell me they lived near McFadden road, so that is the best of them. My number of older people, my age, has been limited, most being 50 and under. They were never taught about Mcfadden, Lindbergh or anyone else. I never heard of them in school during the 1930s/40s. I suspect there is a reason.
Rep. Louis Mcfadden was born and raised down the road aways from me. Very interesting. Start a Louis McFadden Festival. Maybe start out with a statue dedication with an inscription on it stating: "We have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it." Ron Paul Video.
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
BTTT
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
Type in Federal Reserve and the file number 0042817. You can see that the entity is listed as "CORPORATION". It also states that the entity type is "NON- PROFIT OR RELIGIOUS". I assume the "Religious" type is Satanic, and the "Non- Profit" type means for the vast majority of Americans regarding their purchasing power of their dollar they get a worth of about 2 cents. Yippee.
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
that is interesting that they list it as a 'non-profit' corporation. I would estimate that this is to discourage taxation of its profits and so that in the case of public debates someone can bring up the fact that it is a 'non-profit' corporation. Likewise, the federal government's law enabling the Federal Reserve also requires that the Fed return 'excess profits' to the US Treasury. On the Treasury Dept web site I read how it worked in 1983. The US government gave them 366 billion in one lump sum. and then 1 week later the 'excess profits' were returned. It was 6 billion dollars. But I must emphasize again that this is only rougly 40-50% of their total income as the other income comes from the 12 member banks who participate in the money creation process through the private sector. you have to be the biggest idiot in the world not to know that if you make 800 billion a year in income, then you are very profitable. They have virtually no expenses. their money is created from thin air. My tag line has a bible quote that tells you, the clique that rules us got to be the way they are because they love money, and that they are legally authorized to create money for their own profit is what enables them to be as powerful as they are.
1 Timothy 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
If you get a chance watch this. David Gergen - "I'm a happy member of the Bohemian Grove" - Bohemian Grove - Alex Jones
Press 1 for English, Press 2 for English, Press 3 for deportation Death of Habeas Corpus: “Your words are lies, Sir.”
"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." Benjamin Franklin 1 [1. Congressman Charles G. Binderup of Nebraska, Unrobing the Ghosts of Wall Street] America had learned that the people's confidence in the currency was all they needed, and they could be free of borrowing debts. That would mean being free of the Bank of England. "When I die I want to go peacefully in my sleep like my grandfather - not screaming in terror like his passengers." - Unk.
The Illuminati and the House of Rothschild 2005 08 23 By Johnny Silver Bear Two-headed eagle emblem of the Byzantine Empire (Roman Empire) on a Red Shield - Today this is the Russian coat of arms. Image source click here The "Illuminati" was a name used by a German sect that existed in the 15th century. They practiced the occult, and professed to possess the 'light' that Lucifer had retained when he became Satan. In an attempt to document the origins of an secret organization which has evolved into a mastodonic nightmare, successfully creating and controlling a shadow government that supercedes several national governments, and in whose hands now lay the destiny of the world, one must carefully retrace its history. The lengths to which this organization has gone to create the political machinery, and influence public sentiment to the degree necessary to propel its self-perpetuating prophecy, are, quite frankly, mind boggling. Yet the facts provide for the undeniable truth of its existence. In 1743 a goldsmith named Amschel Moses Bauer opened a coin shop in Frankfurt, Germany. He hung above his door a sign depicting a Roman eagle on a red shield. The shop became known as the Red Shield firm. The German word for 'red shield' is Rothschild. Amschel Bauer had a son, Meyer Amschel Bauer. At a very early age Mayer showed that he possessed immense intellectual ability, and his father spent much of his time teaching him everything he could about the money lending business and in the basic dynamics of finance. A few years after his father's death in 1755, Mayer went to work in Hannover as a clerk, in a bank, owned by the Oppenheimers. While in the employ of the Oppenheimers, he was introduced to a General von Estorff for whom he ran errands. Meyer's superior ability was quickly recognized and his advancement within the firm was swift. He was awarded a junior partnership. Von Estorff would later provide the yet-to-be formed House of Rothschild an entré into to the palace of Prince William. His success allowed him the means to return to Frankfurt and to purchase the business his father had established in 1743. The big Red Shield was still displayed over the door. Recognizing the true significance of the Red Shield (his father had adopted it as his emblem from the Red Flag which was the emblem of the revolutionary minded Jews in Eastern Europe), Mayer Amschel Bauer changed his name to Rothschild (red shield). It was at this point that the House of Rothschild came into being. Full story www.redicecreations.com/s...2005/08aug/redshield.html
"You can not save the Constitution by destroying it."
Colonial inflationary experiments? Do you really want us to repeat all those inflationary boom-and-bust mistakes? Ben Franklin? Not a particularly reliable thinker. Every one of those paper currencies were legal tender. And since they weren't backed by any commodity, they ultimately failed. Try to imagine a government issuing paper money without also making it legal tender for at least some taxes and debts. Check out Deacon Benjamin's comment no 7 above. Rothbard is not the only historian who has noticed that the colonial governments inflated their currencies.
Fits right in here too Unless you understand this you will not know why things are happening in the world today.
BTTT
Press 1 for English, Press 2 for English, Press 3 for deportation
The British were counterfeiting the Colonial Script which made it worthless. this is one of the prime reasons for the Constitutional Convention in 1789. It was a reorganization under international bankruptcy law. BTW, the U.S. Government is bankrupt and insolvent and has been since 1933 when FDR abrogated the gold standard. Since that day there is no lawful money. And the Constitution has never been amended to effect such a change. ;) "When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
#2. To: Red Jones (#1)
Abolish the Federal Reserve!
#3. To: Red Jones, christine (#1)
1:00:50
-- Nicholas Biddle
-- Nicholas Biddle
#4. To: Uncle Bill (#0)
#5. To: Cynicom (#2)
#6. To: Uncle Bill (#0)
#7. To: Uncle Bill (#0)
#8. To: All (#7)
If anyone is interesting in reading more:
#9. To: DeaconBenjamin (#8)
#10. To: Uncle Bill (#0)
The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."
#11. To: Uncle Bill (#9)
#12. To: Cynicom (#10)
Only once in my long life have I read that the Founding Fathers used the tea tax etc as a PRETEXT to instigate the war.
#13. To: Cynicom (#10)
#14. To: Uncle Bill (#13)
That's the culture that we live in.
#15. To: Cynicom (#14)
#16. To: Cynicom (#14)
#17. To: robin (#14)
#18. To: Red Jones (#4)
#19. To: Red Jones (#6)
#20. To: Uncle Bill (#19)
#21. To: Red Jones, christine (#20)
#22. To: leveller, Uncle Bill (#0)
During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin how he would account for the new found prosperity in the colonies. Franklin replied.
======================================================= "Money is an idea backed by confidence." ~ Original Source Unk.
"Give me control of a nation's money and I care not who makes her laws.
~ Mayer Amschel Rothschild (Head of the BANK of England and the Rothschild BANKING Family)
#23. To: Uncle Bill (#21)
#24. To: Uncle Bill, *libertarians* (#0)
My spelling is Wobbly. It's good spelling but it Wobbles, and the letters get in the wrong places. -- Winnie the Pooh
#25. To: Original_Intent (#22)
#26. To: farmfriend (#24)
#27. To: ALL (#26)
#28. To: leveller (#25)
Colonial inflationary experiments?
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