"The rich ruleth over the poor, and the borrower is servant to the
lender."
- Proverbs 22:7
By Jason
Jeffrey
Alas,
the above is only too true today as it was when formulated. The rich
rules over the poor - an ages long fact. The borrower is servant to
the lender - and what is the method used by the lender: the insidious
system of usury. The whole case against usury is too large to cover in
the space of an article so the following is a concise and brief
explanation of the workings of this fraudulent system.
For the
many readers who are aware of these little-known facts, the following
will serve as a timely reminder and hopefully, an incitement, to
inform the many innocents who are daily losing their farms, houses and
businesses as a result of this unjust system. Even more urgent is the
need to educate the young before they embark on a future relationship
with their bank or financial institution. There is no turning back
once those loan papers have been signed: you are trapped right up till
the day you pay it off.
For the
readers who have never been fortunate to know the following, they may
well be shocked and even angry. They will be angry at the banks, the
Establishment that permits such a swindle, and in fact, thrives off
such a swindle.
Money
"For the love of money is the root of all evil."
- 2 Timothy 6:10
"The
most sinister and anti-social feature about bank-deposit money is that
it has no existence. The banks owe the public for a total amount of
money which does not exist. In buying and selling, implemented by
cheque transactions, there is a mere change in the party to the whom
the money is owed by the banks. As the one depositor's account is
debited, the other is credited and the banks can go on owing for it
all the time.
"The
whole profit of the issuance of money has provided the capital of the
great banking business as it exists today. Starting with nothing
whatever of their own, they have got the whole world into their debt
irredeemably, by a trick.
"This
money comes into existence every time the banks 'lend' and disappears
every time the debt is repaid to them. So that if industry tries to
repay, the money of the nation disappears. This is what makes
prosperity so 'dangerous' as it destroys money just when it is most
needed and precipitates a slump.
"There is nothing left now for us but to get ever deeper and deeper
into debt to the banking system in order to provide the increasing
amounts of money the nation requires for its expansion and growth. An
honest money system is the only alternative."
- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.
As the
above makes clear, banks are able to manipulate "money" using various
methods like the debiting of one account and the crediting of another,
and so on, thus "balancing" the accounts. Banks also "create" money in
more ways than one, through a trick that will be looked at later on.
Economists use the term "create" when observing the process by which
money comes into being. Thus, creation means making something that did
not exist before.
A
sawmill makes boards, workers build houses from timber, a glass-blower
makes fancy glass ornaments. In these examples, they did not "create",
but converted already existing materials into a more usable, and thus
more valuable form.
However, money "creation" is somewhat different. Here, and here alone,
man "creates" something out of nothing. Pieces of worthless paper are
printed, given various denominational values, which can be used to
purchase, for example, a glass ornament. Its value (of the money, or
piece of paper) has been "created" literally out of thin air.
As we
can see from the above, manufacturing money is dirt cheap, and whoever
does the "creating" and issuing stands to make impressive profits.
The Supply of Money
"Let me issue and control a nation's money and I care not who writes
its laws."
- Attributed to Mayer Amschel (who later changed his surname
to Rothschild and founded the largest financial dynasty ever to exist
in its influence and power).
The
proper use, distribution and supply of money is of vital importance to
the efficient running of society. Modern societies are completely
reliant on an adequate supply of money.
Without
money, industry would grind to a halt, farms would become mere
self-sustaining units, surplus food would disappear, jobs requiring
one or more workers would remain unfinished, transport of all goods
would cease, hungry populations would kill and steal to stay alive,
and government would collapse leading to complete anarchy. It is not
hard to imagine the catastrophic conditions created if money was to
completely vanish.
Money
remains the life-blood of society; money flows throughout society just
as vital nutrients flow throughout the body, giving sustained growth,
development and vitality. Money is the method by which goods and
services are exchanged; remove money or hamper supply and the results
will be disastrous. We need only recall Australia's Great Depression
of the 1930s.
Bankers Depression of the 1930s
Australians all know about the Great Depression and the extremely hard
times it brought about; but what of its causes?
In
1930, Australia did not lack industrial capacity, fertile farmland, or
skilled, industrious and willing workers, residing in both the city
and country. Already, extensive systems of reasonably efficient
transport and communications were in place. War had not ravaged the
cities or countryside, nor had famine devastated the land and its
population. The one thing that industry and commerce lacked was a
sufficient supply of money.
In the
early 1930s, Bankers, who were the only source of new money or credit,
deliberately refused loans to industry, commerce and agriculture.
However, payment on outstanding loans was demanded, which led to a
rapid decrease in the circulation of real money.
This
caused a complete standstill; jobs could not be done, goods and
services could not be purchased. This ploy by the greedy Bankers
placed Australia in the Great Depression of the 1930s, and moreover,
placed extensive amounts of businesses, private dwellings and farms in
the hands of these same Bankers.
The
people, not understanding the system, were in a helpless position, and
were cruelly robbed of their hard-earned savings and property; they
were told things like "times are hard", "money is short", "everyone is
suffering." These same statements come to mind when recalling them
being made during Australia's recent so-called "recession".
This
was "a 'recession' we had to have," the politicians proclaimed; and
one I'm sure the banks loved to have. If you should have the
opportunity, a check on how the banks faired during the so-called
"recession" will reveal sustained and increased profits, with an
abnormal increase in acquired property assets!
Money for Peace? No! Money for War? Yes!
"The Rothschilds can start or prevent wars. Their word could make or
break empires."
- Chicago Evening American, December 3, 1923.
World
War II ended the Great Depression. Overnight, the same Bankers who had
no money for housing, food and clothing, suddenly had millions to lend
for Army barracks, uniforms, rations and weaponry.
This
was a remarkable reversal in policy by the Bankers. They simply began
pumping millions upon millions of dollars back into the economy when
war was imminent. The Great Depression ended because of the war!
There
will be some who believe that a war will lead to a "boom economy"
because it leads to a massive increase in activity and production.
This fallacy is easily exposed: If we were able to manufacture
millions of tonnes of war equipment, dump it in the desert and blow it
up, would we therefore have a "boom economy"?
On the
contrary, wars create huge debts to the Bankers who are able to expand
the money supply and lend more money out. In the case of a war, the
victor nation would have to seize the assets of the defeated nation,
occupy its place in the international trade system, and thus, sometime
in the future, be able to pay back all its debts (including interest)
to the Bankers who made the war possible in the first place. Big
banks, that have traditionally been owned exclusively by a few
collaborating families, can change the course of history and have done
so for much of this century.
Usury
"Who goeth a borrowing goeth a sorrowing."
- Benjamin Franklin
The
only method through which new money (not true, real money, but
"credit" representing a debt) can go into circulation in Australia is
when it is borrowed from Bankers. When large amounts of money are
borrowed and utilised within society, an illusion of prosperity
appears. Thus, when "credit" is loaned out to borrowers, more wealth
circulates within society giving the outward appearance of abundance.
Of course when it comes to paying that money back, there is the
question of usury or interest. As "credit" is borrowed out, interest
accumulates at ever-increasing rates as we will soon see.
The
transaction of borrowing money proceeds as thus:
The
applicant applies to borrow X amount of dollars from a Banker. The
Banker, by the stroke of his pen, issues the applicant the principal
(the amount borrowed), i.e. "creates" the borrowed amount. This amount
does not come from individual bank accounts. The Banker lends the
applicant nothing tangible (i.e. gold, silver, paper or ink) on
credit, they lend the applicant intangible CREDIT on credit!
Thus,
the problem of limited supply is circumvented; the Bankers are lending
noTHING which means they can go on lending forever. A highly
profitable venture indeed.
To
conceal the fraud of lending nothing, Bankers charge interest, whereby
borrowers (of nothing) agree to return more imaginary "credit" than
they borrowed.
The
borrower whose original loan consisted of principal only, must also
pay an extra amount that the Banker specifies (interest). Therefore,
the new money never equals the new debt added. The amounts needed to
pay the interest on the original loan is not "created", and therefore
does not exist!
Under
this insidious system, the new debt will always be larger than the new
money; as more money is needed to pay back interest, less money
becomes available. This whole system is particularly unjust when one
realises that he/she is repaying intangible principle ("created" by
the bank) as well as interest (which is conceived from the "created"
principal!)
The
above can be illustrated by the following:
The
applicant borrows $60,000 to purchase a home, farm or business, and
the Bank has the borrower agree to pay back the loan PLUS interest. At
just 14%, the borrower must repay $710.92 per month for 30 years. The
Bank obtains its "mortgage" over the property and the borrower
receives a $60,000 cheque from the Bank which is credited to his/her
bank account. The borrower then writes cheques to the builder,
contractors, other institutions etc. These persons in turn write
cheques. Some $60,000 of new cheque-book money has been added to the
money supply.
However, the flaw with this usury system is this: the only new money
created and injected into circulation is the principal of $60,000. The
money required to pay the interest was NOT created and was not put
into circulation.
In the
above case, the borrower must earn and take out of circulation
$255,931, almost $200,000 more than he put into circulation when he
borrowed the original $60,000. Every new loan, big or small, puts this
same process into operation. The borrower adds a small amount of money
to the total supply of money and deducts more than quadruple the
original sum (as in above example) to meet his "obligations".
Another
example given below illustrates the year by year progression of a loan
for $100,000 at 20% interest for 15 years. Take note that the borrower
has repaid the principle after five years of payments! The borrower
continues to pay the bank a total of $216,134 over the next ten years.
The
inevitable outcome of this system is the diminishment of money in
circulation to the point where a depression will be imminent. Money
increasingly disappears into the Bankers coffers leaving less and less
in circulation. Debtors struggle against each other, vying for new
loans which will mean more "created" money and more interest. The
banker accrues vast sums of real money and credit that he will gamble
on the stockmarket, etc. The Banker will also accumulate all types of
property assets, snatched from bankrupt farmers, businessmen etc.
The
Banker who produces nothing of value, slowly, then more rapidly, gains
a death grip over the land, buildings and labour of future
generations. The borrowers have become the servants of the lenders and
have placed themselves on the economic treadmill of debt.
Banks Always Prosper - Through the Bad and Good Times
Though
millions of financial transactions are carried out every year, very
little money actually changes hands. 95% of all "cash" transactions
are done by cheque. The Banker is perfectly safe in "creating" the
so-called "loan" by writing the cheque or deposit slip, not against
real money, but against your promise to pay it back! The cost to the
banker is stationary and wages.
The Greatest Swindle Ever!
"Banking was conceived in iniquity and was born in sin. The Bankers
own the earth. Take it away from them, but leave them the power to
create deposits, and with the flick of the pen they will create enough
deposits to buy it all back again. However, take it away from them,
and all the great fortunes like mine disappear, and they ought to
disappear, for this would be a happier and better world to live in.
But, if you wish to remain the slaves of Bankers and pay the cost of
your own slavery, let them continue to create deposits."
- Sir Josiah Stamp (President of the Bank of England in the
1920s, the second richest man in Britain)
Hidden
under a veneer of respectability, integrity and competitiveness, the
Banker awaits his next unsuspecting victim. The Banker is partaking in
the biggest swindle of all time, and he knows it. The Banker's wealth,
power and influence extends the world.
We are
ruled by a capitalist Bank-owned Mammon that has usurped the mantle of
government, and set about to pauperise and control the people. It is
now a centralised power-hungry apparatus which promotes war, steals
the people's wealth and uses every type of propaganda to keep its
position.
The
Banker realises that an under-educated, ignorant and confused
population is easier to subvert than a healthy and intelligent people.
The ruling Establishment therefore promotes all manner of degeneracy,
decadence and corruption including drug use, sexual perversion and
trivialities.
Through
the use of high technologies, the Banker and his other plutocratic
cohorts will have a most efficient and complete control over a nations
finance and thus increased powers to amass even more wealth through
their evil use of usury.
The
future will give way to an even larger increase in financial transfers
done not only by cheque but by computer transfers that the
consumer/borrower will execute from ATMs (Automatic Teller Machines)
and home computers. When 100% of all transactions are processed in
this manner, the cashless society will have been reached - a Banker's
paradise. The cashless society will be the ultimate instrument in
social control; no more tax evasion, no more "extra money on the
side", no existence outside the system.
So what
can we do about this incredible rip-off? We can warn as many people as
possible about this deceitful system and we can tell them not to
participate AT ALL. The evil that lurks behind usury must not under
any circumstance be supported or encouraged. When enough people
realise this iniquity they will develop alternative methods of raising
funds. They will come together in new community structures;
independent from the old, decrepit worn-out Establishment.
For the
love of money is the root of all evil; and the evil that exists at the
base of materialistic societies will one day be rooted out and forever
destroyed.
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