|Subj:||Fw: Revamp Money|
|Date:||11/28/01 12:40:26 PM Pacific Standard Time|
----- Original Message -----
From: "Bobbie Ammons"
To: "Pam Williams"
Sent: Tuesday, November 27, 2001 9:08 AM
Subject: Revamp Money
If you are interested in money, please read the following.
After you finish reading and understanding this article, if you see red,
face turns white, and you feel blue, you can respond and do your
bit by doing two things.
#1. REDUCE OR GET OUT OF DEBT AS QUICKLY AS POSSIBLE.
#2. LIMIT YOUR FUTURE PURCHASES TO A CASH ONLY BASIS - NO EXCEPTIONS!
May the money force be with you!
"Money is a magic substance, but can't perform its wonders unless we all
in the magic."
Copyright Ashleigh Brilliant (http://www.ashleighbrilliant.com).
Used by permission. All rights reserved.
TIRED OF WAR TAXPAYING? VISIT www.peacetax.org
----- Original Message -----
Sent: Sunday, November 25, 2001 9:35 PM
Subject: How US Banking System Harms Americans!
ELM] Fwd: Article: Stiglitz on the Private Banking System
Date: Tue, 16 Oct 2001
Subject: Re: Stiglitz & how the private banking system devastates the
Re: World Bank's former Chief Economist William Stiglitz who resigned
his post in dissent of the bank's policies which cause economic
devastation around the world. (Big Brother10-15-01) At the end of his
interview journalist Greg Palast concluded "the solution to world
poverty and crisis is simple: remove the bloodsuckers."
To do this, it's necessary to understand how the bloodsuckers
obtained their power. Herewith a brief description of how a cleverly
devised banking system robs the average person of the right to a
decent life while providing enormous wealth for its corporate owners
Henry Ford, Sr., staunch member of the United States' business
community, once said "If the people of the nation understood our
banking and monetary
system, I believe there would be a revolution before tomorrow
How did such a system get started? How do they keep it going? In 1935
during the Great Depression, the Senate Committee on Banking and
Currency questioned the role of money as a basic cause of nationwide
bank failures. To explain the workings of our monetary system they
called Robert Hemphill, a former credit manager of the Federal
Reserve Bank of Atlanta, Georgia. Hemphill told the august committee
a fable - 'The Temple of the Thirteen Suns'.
The essence of this fable is that a rich man going on a journey
wanted a way to pay expenses without having to haul his unwieldy
supply of gold. The goldsmith agreed to store the gold at 10%
interest and gave the traveler a receipt - an I.O.U. or letter of
credit. After the traveler left, the goldsmith offered to lend this
gold to any local merchant who would pledge all his possessions to
him as security. In each case, the new borrower asked the goldsmith
to keep the gold and give him a paper receipt. Thus the goldsmith
still had all the gold - not to mention mortgages on the
possessions of everyone who had borrowed from him! With each loan and
payment of interest the goldsmith's fortune grew until he became the
wealthier than everyone in town. Reflecting upon this state of
affairs he said, "What a lead-pipe cinch! I can collect just as much
usury on this phony money as on the real gold."
So began the banking business. Money is based on credit. To be used
equitably, money must be issued and its value controlled by
governments for the general welfare of the nation and its people.
There is no need for money to be created as interest-bearing notes.
However, it's still being issued this way worldwide by private banks
against the security of people's own personal wealth or the wealth of
other nations. The 'money' you borrow from them is created 'out of
thin air.' It's a piece of paper that indicates you have pledged your
possessions in exchange for your promise to repay the lenders of this
money - with interest!
The crucial point to understand is that the way money is created and
issued determines the workings of the marketplace. Money issued at
interest by private banks, such as the United States Federal Reserve
Bank, brings with it an overwhelming debt which has devastating
effects on its own people and around the world. In contrast, money
issued by a government without interest would benefit everyone.
Instead of creating artificial shortages and causing horrendous
suffering, interest-free money would simply be a medium of exchange
and could release the abundance of human production.
According to authors Fraser and Morse in Tomorrow's Money: "The money
of modern civilization is credit.[which] represents real wealth
(goods and services}. But -- all our credit-tokens have been issued
at-interest or as debt-tokens. First we had goldsmiths issuing credit-
at-interest money to individuals. Next we had private banks issuing
credit-at-interest money to individuals and the State. Now we have a
Credit-Cartel issuing credit-at-interest to the entire world. Today,
our wealth - your credit, and mine and the Nation's - is monetized in
this way." (1)
"In England the goldsmith's method of issuing money was legalized
under the Bank Act of 1694. [British] William of Orange needed money
and [the Rothschild family] offered King William their gold -
$6,000,000 - at 8% if he would give them a charter for a bank. And
Permit them to issue an equal amount in paper notes at interest to
What's the matter with private banks issuing the nation's money? "The
interest system enables private corporations to regulate and control
the Nation's money supply - for their benefit instead of Society's"
(3) (Does this remind you of the 2001 scarce energy crisis in
California which suddenly turned into a glut, or the way gasoline
prices rise and fall at the will of the oil barons?)
Not only is the total debt from interest physically impossible to
repay - especially if based on scarce precious metals - but "The
interest tribute increases our taxes, lowers our buying power,
depresses and oppresses the Nation's production and business. The
power and privilege to issue and regulate money are Sovereign Rights.
They belong to the Nation - to us - and have been usurped and stolen
from the people and the Nation to whom they rightfully belong." (4)
The American colonies' 1776 War of Independence against Britain was
largely an effort to break free from the financial stranglehold
placed upon them by the Bank of England. Space doesn't permit details
of the struggle between Jefferson and Madison on the people's side
vs. Alexander Hamilton representing a privileged group desiring to
start a similar bank in the American colonies. Hamilton won and the
private Bank of United States was chartered in 1791. "In all
transactions, the Nation was to be jointly responsible with the bank -
but was not - to receive any of the bank's profit's. Many other
benefits accrued to enrich the bank and its stockholders, including a
comprehensive tax exemption." (5)
Many government and other leaders in the U.S. have understood the
power that money issuance gives to those who control it.
* In 1787 John Adams wrote to Thomas Jefferson "All the perplexities,
confusion and distress in America arise not from defects in the
Constitution, not from want of honor or virtue, so much as down-right
ignorance of the nature of coin, credit and circulation."
* President Abraham Lincoln: "By Government creation of money, the
taxpayers will be saved immense sums of interest." Lincoln tried to
change the system by having the Treasury Department
issue "Greenbacks" which were non-interest bearing notes. He was
assassinated in 1865.
* President James A. Garfield: "Whoever controls the volume of money
in any country is absolute master of all industry and commerce."
Article 1, Section 8 of the U.S. Constitution states "The Congress
shall have power to borrow money on the credit of the United
States...and to coin money, regulate the value thereof, and of
foreign coin." But since the beginning of our country, bankers have
been exercising de facto power in issuing the nation's money. In
1913, Congress passed the Federal Reserve Act which consolidated the
power to issue and regulate the nation's money and handed it over to
the Federal Reserve Corporation, a consortium of private bankers.
Understand that the Federal Reserve Bank is "federal" in name only.
* Congressman Charles A. Lindberg, Sr.: "This Act establishes the
most gigantic trust on earth. When the President [Wilson] signs this
bill the invisible government of the Monetary Power will be
legalized. The worst legislative crime of the ages is perpetrated by
this banking and currency bill."
* Senator Louis T. McFadden (for 22 years Chairman of the U.S.
Banking Currency Commission): "The Federal Reserve (privately owned
banks) are one of the most corrupt institutions the world has ever
The U.S. public, taught to believe that our money is based on gold,
becomes alarmed when someone reports that gold is missing from the
Treasury. This no longer matters. Our money hasn't been backed by
gold since 1935 when the Roosevelt administration took us "off the
gold standard". The paper money issued by the Federal Reserve Bank
reads: 'THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE.'
* President John F. Kennedy signed Executive Order 11110 in 1963
giving the Treasury Department power to issue silver certificates as
the base of U.S. money. Once sufficient silver certificates existed
it would eliminate the demand for Federal Reserve notes. JFK was
assassinated five months later. (See:
Others who championed the return of money issuance to the government
included Congressmen Jerry Voorhis of California and Wright Patman of
Ohio. These men understood what Mayer Anselm Rothschild, patriarch of
the banking House of Rothschild, stated so clearly: "Permit me to
issue and control the money of a nation, and I care not who makes its
Workers around the world have vastly increased their productivity,
yet their standard of living has fallen drastically. How many people
work two jobs to pay back money created 'out of thin air' using their
own personal credit? How many millions in this country die premature
deaths because there's no money' for food and doctor's bills? How
many people in the 'Third World' starve to death because their
countries are burdened with enormous debts to international bankers?
(In mid-2001, foreign debt owed to Western bankers was
$3,000,000,000,000 - three trillion dollars!)
Human corruption has devastated the Earth to the point where many
experts fear it's impossible to restore a healthy environment. A
change in consciousness is absolutely necessary. We need to stop
exploiting each other. We need to act in a kindly and beneficial way
toward the Earth and each other. Returning the power of issuing each
nation's money to its own government is one step that will ease
financial burdens and stop massive genocide against our fellow
(1) Tomorrow's Money by Felix J. Fraser and Elsa Peters Morse, New
Age Publishing Co., 1948.
(2) (3) (4) (5) Ibid.
Sources re U.S. History: Financial History of the United States by
Davis Rich Dewey; The Financier and the Finances of the Revolution.
Vol. I Wm. Graham Summer; A World In Debt by Freeman Tilden; History
of Great American Fortunes by Gustavus Myers; Journal of Wm Maclay;
Constitutional Money by Etta M. Russell; works by Charles Beard; The
Formation of the Constitution by G. Bancroft; The Story of Our Money,
Olive Cushing Dwinell.