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>
>
> "BILLIONS FOR THE BANKERS,
> DEBTS FOR THE PEOPLE"
> [Part 1]
>
> The following pamphlet was written in 1989 by an pastor
> (now deceased) who
> had the courage and inspiration to explain invery
> simple and uncluttered
> language -- how it is that weare presently being
> ENSLAVED and IMPOVERISHED
> by the current"debt-usury banking system" that we have.
>
> It was written for a predominately Christian audience
> and some of the
> information may be a little dated (the figures for the
> debt, for example,
> have increased astronomically since it was penned) but
> regardless of that --
> it is a clear and URGENT message that needs to be
> listened to by the
> American people.
>
> Keep in mind, also, that according to William Cooper
> ("Behold a Pale Horse"
> p. 80-81) -- in the year 1952, an alliance was formed
> between all the
> various groups that are working for total financial
> enslavement of the
> worlds' peoples: The Illuminati, Knights of Malta,
> Freemasons, European and
> Continental Banking
> Families, etc.. Thus, it is NOT any one group or
> subgroup of this alliance
> (referred to as the "Bankers" in the text) that is
> doing it to us.
>
> There is no copyright to this information. Print out a
> copy and share it
> with your friends!
> ------------------------------------------------------
>
> BILLIONS FOR THE BANKERS AND DEBTS FOR THE PEOPLE
>
> [Part 1 of 2]
>
> A Study
>
> by
>
> Pastor Sheldon Emry
>
> "For the love of money is the root of all evil..."
> 1 Timothy 6:10
> * * *
>
> [There is NO COPYRIGHT on this information. Please
> re-post it freely
> and widely. It needs to be in the hands of every
> American citizen!]
> --------------------------------------------------------------------------
--
> ----
> TABLE OF CONTENTS
>
> INTRODUCTION
>
> Love of Money.................................................i
> Thomas Jefferson Quote.......................................ii
> Three Types of Conquest.....................................iii
>
> BILLIONS FOR THE BANKERS.........................................1
>
> Money is Man's Only Creation..................................2
> Money Creating Profitable.....................................3
> Adequate Money Supply Needed..................................3
> The Bankers' Depression of the 1930's.........................3
> Money For Peace or War?.......................................5
>
> POWER TO COIN AND REGULATE MONEY.................................6
>
> HOW PEOPLE LOST CONTROL OF THE FEDERAL RESERVE...................6
>
> More Disastrous Than Pearl Harbor.............................7
> They Print It -- We Borrow It.................................7
> And There is More.............................................9
> And There is Still More.......................................9
>
> THE INTEREST AMOUNT IS NEVER CREATED............................10
>
> Borrow $60,000 and Pay Back $255,931.........................11
> Small Loans..................................................11
> Bankers Always Prosper.......................................12
> The Cost to You..............................................13
> For the Gamblers.............................................14
>
> YES, IT'S POLITICAL TOO!........................................15
>
> Mounting Debts and Wars......................................16
> And There is More............................................17
>
> THE CONSTITUTIONAL WAY..........................................19
>
> No Bankers' Plunder..........................................21
> Stable Money.................................................22
> Citizen Control..............................................23
> A Debt-Free America..........................................24
>
> WHY HAVEN'T WE KNOWN............................................25
>
> Controlled News..............................................25
>
> TELL THE PEOPLE.................................................27
>
> AUDIT THE FEDERAL RESERVE.......................................29
>
> NOTABLE QUOTES ON MONEY.........................................33
>
> THEY HAVE NOT TOLD YOU..........................................35
>
> GOD KNOWS OUR PLIGHT............................................37
>
> WHAT YOU CAN DO.................................................38
> --------------------------------------------------------------------------
--
> ----
> p. i
>
> INTRODUCTION
>
> "The love of money is the root of all evil": (1
> Timothy 6:10)
>
> "If thou lend money to any of my people that is
> poor by thee, thou shalt
> not be to him an usurer, neither shalt thou lay upon
> him usury." Exodus
> 22:25
>
> "Take no usury of him, or increase ... thou shalt
> not give him thy money
> upon usury." Leviticus 25:36-37
>
> "Unto thy brother thou shalt not lend upon usury:
> That the Lord they God
> bless thee." Deuteronomy 23:20
>
> In the early Church, any interest on debt was
> considered usury. Read
> below to see what interest (usury) on debts, a
> violation of God's Law, is
> doing to America.
> --------------------------------------------------------------------------
--
> ----
> THE NEWS
> --------------------------------------------------------------------------
--
> ----
> A-8 Lynchburg, Va., Sat., March
> 26, 1977
> --------------------------------------------------------------------------
--
> ----
> THE NATIONAL DEBT
>
> In 1901 the national debt of the United States was
> less than $1 billion.
> It stayed at less than $1 billion until we got into
> World War I. Then it
> jumped to $25 billion.
>
> Between 1918 and 1941, on the eve of World War II,
> the national debt just
> about doubled -- from $25 to $49 billion.
>
> Between 1942 and 1952, the debt went from $72
> billion to $265 billion. In
> 1962 it was $303 billion. Eight years later, in 1970,
> it was $383 billion.
>
> Between 1971 and 1976 it rose from $409 billion to
> $631 billion. The
> estimated debt at the end of this year [1977] is $727
> billion, and next year
> it is expected to top $800 billion -- having nearly
> doubled in the past
> eight years.
>
> If the present trend continues, and there is no
> evidence whatsoever that
> it will not continue, we can expect the national debt
> to nearly double again
> within the next six to eight years. By then, the
> INTEREST in the debt alone
> should be in the $400 billion a year range.
>
> [note: As of 1996, the official debt about 5 TRILLION].
>
> Eventually, the government will own nothing, the people
> will own nothing,
> the banks will own everything.
> --------------------------------------------------------------------------
--
> ----
> p. ii
>
> BILLIONS FOR THE BANKERS DEBTS FOR THE PEOPLE
> --------------------------------------------------------------------------
--
> ----
> [Top of page: A cartoon showing two bankers sitting
> on top of a private
> bank tower -- one banker sitting contentedly in a chair
> smoking a cigar; the
> other banker throwing a money windfall up in the air
> and saying to the first
> banker, "IT IS EASY TO ROB THE PEOPLE AND GET RICH. WE
> JUST LEND THEM THEIR
> OWN CREDIT ON PAPER AND CHARGE THEM USURY (INTEREST)."
> Beneath the bankers is a door called "loans" showing a
> $50,000 paper credit
> "loan" going out of the bank to a residential home.
> From the home are
> $250,000 in payments (30 year payemts) flying back to
> land on the "tongue"
> of the voracious "open mouth" of the bank.]
> --------------------------------------------------------------------------
--
> ----
> "If the American people ever allow private banks to
> control the issue of
> their money, first by inflation and then by deflation,
> the banks and
> corporations that will grow up around them [around the
> banks], will deprive
> the people of their property until their children will
> wake up homeless on
> the continent their fathers conquered."
> -- Thomas Jefferson
> --------------------------------------------------------------------------
--
> ----
> p. iii
>
> THREE TYPES OF CONQUEST
>
> History reveals nations can be conquered by the use of
> one or more of three
> methods.
>
> The most common is conquest by war. In time, though,
> this method usually
> fails, because the captives hate the captors and rise
> up and drive them out
> if they can. Much force is needed to maintain control,
> making it expensive
> for the conquering nation.
>
> A second method is by religion, where men are convinced
> they must give their
> captors part of their earnings as "obedience to God."
> Such a captivity is
> vulnerable to philosophical exposure or by overthrow by
> armed force, since
> religion by its nature lacks military force to regain
> control, once its
> captives become "disillusioned."
>
> The third method can be called economic conquest. It
> takes place when
> nations are placed under "tribute" without the use of
> visible force or
> coercion, so that the victims do not realize they have
> been conquered.
> "Tribute" is collected from them in the form of "legal"
> debts and taxes, and
> they believe they are paying it for their own good, for
> the good of others,
> or to protect all from some enemy. Their captors become
> their "benefactors"
> and "protectors".
>
> Although this is the slowest to impose, it is often
> quite long lasting, as
> the captives do not see any military force arrayed
> against them, their
> religion is left more or less intact, they have freedom
> to speak and to
> travel, and they participate in "elections" for their
> rulers. Without
> realizing it, they are conquered, and the instruments
> of their own society
> are used to transfer their wealth to their captors and
> make the conquest
> complete.
>
> In 1900 the average American worker paid few taxes and
> had little debt.
> Last year payments on debts and taxes took more than
> half of what he earned.
> Is it possible a form of conquest has been imposed on
> our people? Read the
> following pages and decide for yourself. And may God
> have mercy on this once
> debt-free and great nation, in Christ,
>
> --
> The Author
> --------------------------------------------------------------------------
--
> ----
> p. 1
>
> BILLIONS FOR THE BANKERS DEBTS FOR THE PEOPLE
>
> THE REAL STORY OF THE MONEY-CONTROL OVER AMERICA
>
>
> by
>
> Pastor
> Sheldon Emry
>
>
> [Cartoon showing a mother standing in front of a
> judge in divorce court,
> holding the hand of her small boy and girl -- with her
> husband sitting in
> the witness chair, holding his head in gloom. The
> mother says to the judge,
> "AND JUDGE, WE WERE ALWAYS IN DEBT!."]
> --------------------------------------------------------------------------
--
> ----
> Americans, living in what is called the richest
> nation on earth, seem
> always to be short of money. Wives are working in
> unprecedented numbers,
> husbands hope for overtime hours to earn more, or take
> part-time jobs
> evenings and weekends, children look for odd jobs for
> spending money, the
> family debt climbs higher, and psychologists say one of
> the biggest causes
> of family quarrels and breakups is "arguments over
> money." Much of this
> trouble can be traced to our present "debt-money" system.
> --------------------------------------------------------------------------
--
> ----
> p. 2
>
> Too few Americans realize why Christian Statesmen
> wrote into Article I of
> the U.S. Constitution:
>
> "Congress shall have the Power to Coin
> Money and
> Regulate the Value Thereof."
>
> They did this, as we will show, in prayerful hope
> that it would prevent
> "love of money" from destroying the republic they had
> founded. We shall see
> how subversion of Article I has brought on us the
> "evil" of which God's Word
> had warned.
>
> MONEY IS MAN'S ONLY "CREATION"
>
> Economists use the term "create" when speaking of
> the process by which
> money comes into existence. Now, "creation" means
> making something which
> did not exist before. Lumbermen make boards from
> trees, workers build
> houses from lumber, and factories manufacture
> automobiles from metal, glass
> and other materials. But in all these they did not
> "create," They only
> changed existing materials into a more usable and,
> therefore, more valuable
> form. This is not so with money. Here, and here
> alone, man actually
> "creates" something out of nothing.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 3
>
> A piece of paper of little value is printed so that
> it is worth a piece
> of lumber. With different figures it can buy the
> automobile or even the
> house. It's value has been "created" in the true
> meaning of the word.
>
> "CREATING" MONEY IS VERY PROFITABLE!
>
> As is seen by the above, money is very cheap to
> make, and whoever does
> the "creating" of money in a nation can make a
> tremendous profit! Builders
> work hard to make a profit of 5% above their cost to
> build a house.
>
> Auto makers sell their cars for 1% to 2% above the
> cost of manufacture
> and it is considered good business. But money
> "manufactures" have no limit
> on their profits, since a few cents will print a $1
> bill or a $10,000 bill.
>
> That profit is part of our story, but first let
> consider another unique
> characteristic of the thing -- money, the love of which
> is the "root of all
> evil".
>
> ADEQUATE MONEY SUPPLY NEEDED
>
> An adequate supply of money is indispensable to
> civilized society. We
> could forego many other things but without money
> industry would grind to a
> halt, farms would become only self-sustaining units,
> surplus food would
> disappear, jobs requiring the work of more than one man
> or one family would
> remain undone, shipping and large movement of goods
> would cease, hungry
> people would plunder and kill to remain alive, and all
> government except
> family or tribe would cease to function.
>
> An overstatement, you say? Not at all. Money is the
> blood of civilized
> society, the means of all commercial trade except
> simple barter. It is the
> measure and the instrument by which one product is sold
> and another
> purchased. Remove money or even reduce the supply
> below that which is
> necessary to carry on current levels of trade, and the
> results are
> catastrophic. For an example, we need only look at
> America's Depression of
> the early 1930's.
>
> THE BANKER'S DEPRESSION OF THE 1930'S
>
> In 1930 America did not lack industrial capacity,
> fertile farmland,
> skilled and willing workers or industrious farm
> families. It had an
> extensive and efficient transportation system in
> railroads, road networks,
> and inland and ocean waterways.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 4
>
> Communications between regions and localities were the
> best in the world,
> utilizing telephone, teletype, radio, and a
> well-operated government mail
> system. No war had ravaged the cities or the
> countryside, no pestilence
> weakened the population, nor had famine stalked the
> land. The United States
> of America in 1930 lacked only one thing: an adequate
> supply of money to
> carry on trade and commerce.
>
> In the early 1930s, Bankers, the only source of new
> money and credit,
> deliberately refused loans to industries, stores and
> farms. Payments on
> existing loans were required however, and money rapidly
> disappeared from
> circulation. Goods were available to be purchased,
> jobs waiting to be done,
> but the lack of money brought the nation to a standstill.
>
> By this simple ploy America was put in a "depression"
> and the greedy Bankers
> took possession of hundreds of thousands of farms,
> homes, and business
> properties. The people were told, "times are hard" and
> "money is short."
> Not understanding the system, they were cruelly robbed
> of their earnings,
> their savings, and their property.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 5
>
> MONEY FOR PEACE? NO!
>
> MONEY FOR WAR? YES!
>
>
> World War II ended the "depression." The same
> Bankers who in the early
> 30's had no loans for peacetime houses, food and
> clothing, suddenly had
> unlimited billions to lend for Army barracks, K-rations
> and uniforms! A
> nation that in 1934 couldn't produce food for sale,
> suddenly could produce
> bombs to send free to Germany and Japan! (More on this
> riddle later).
>
> With the sudden increase in money, people were
> hired, farms sold their
> produce, factories went to two shifts, mines re-opened,
> and "The Great
> Depression" was over! Some politicians were blamed for
> it and others took
> credit for ending it. The truth is the lack of money
> (caused by the
> Bankers) brought on the depression, and adequate money
> ended it. The people
> were never told that simple truth and in this article
> we will endeavor to
> show how these same Bankers who control our money and
> credit have used their
> control to plunder America and place us in bondage.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 6
>
> POWER TO COIN AND REGULATE MONEY
>
> When we can see the disastrous results of an
> artificially created
> shortage of money, we can better understand why our
> Founding Fathers, who
> understood both money and God's Laws, insisted on
> placing the power to
> "create" money and the power to control it ONLY in the
> hands of the Federal
> Congress.
>
> They believed that ALL Citizens should share in the
> profits of its
> "creation" and therefore the Federal government must be
> the ONLY creator of
> money. They further believed that ALL citizens, of
> whatever State or
> Territory, or station in life, would benefit by an
> adequate and stable
> currency, and therefore, the national government must
> also be, by law, the
> ONLY controller of the value of money.
>
> Since the Federal Congress was the only legislative
> body subject to all
> the citizens at the ballot box, it was, to their minds,
> the only safe
> depository of so much profit and so much power. They
> wrote it out in the
> simple, but all inclusive:
>
> "Congress shall have the Power to Coin Money and
> Regulate the Value Thereof."
>
>
> HOW THE PEOPLE LOST CONTROL T0 THE FEDERAL RESERVE
>
> Instead of the Constitutional method of creating our
> money and putting it
> into circulation, we now have and entirely
> unconstitutional system. This
> has brought our country to the brink of disaster, as we
> shall see.
>
> Since our money was handled both legally and
> illegally before 1913, we
> shall consider only the years following 1913, since
> from that year on, ALL
> of our money had been created and issued by an illegal
> method that will
> eventually destroy the United States if it is not
> changed. Prior to 1913,
> America was a prosperous, powerful, and growing nation,
> at peace with its
> neighbors and the envy of the world. But -- in December
> of 1913, Congress,
> with many members away for the Christmas holidays,
> passed what has since
> been known as the FEDERAL RESERVE ACT. (For the full
> story of how this
> infamous legislation was forced through our Congress,
> read "Conquest or
> Consent", by W. D. Vennard).
>
> Omitting the burdensome details, it simply authorized
> the establishment of a
> Federal Reserve Corporation, with a Board of Directors
> (The Federal Reserve
> Board) to run it, and the United States was divided
> into 12 Federal Reserve
> "Districts."
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 7
>
> This simple, but terrible, law completely removed
> from Congress the right
> to "create" money or to have any control over its
> "creation", and gave that
> function to The Federal Reserve Corporation. This was
> done with appropriate
> fanfare and propaganda that this would "remove money
> from politics" (they
> didn't say "and therefore from the people's control")
> and prevent "Boom and
> Bust" from hurting our citizens.
>
> The people were not told then, and most still do not
> know today, that the
> Federal Reserve Corporation is a private corporation
> controlled by bankers
> and therefore is operated for the financial gain of the
> bankers over the
> people rather than for the good of the people. The word
> "Federal" was used
> only to deceive the people.
>
> MORE DISASTROUS THAN PEARL HARBOR
>
> Since that "day of infamy", more disastrous to us
> than Pearl Harbor, the
> small group of "privileged" people who lend us "our"
> money have accrued to
> themselves all of the profits of printing our money --
> and more! Since 1913
> they have "created" tens of billions of dollars in
> money and credit, which,
> as their own personal property, they then lend to our
> government and our
> people at interest.
>
> "The rich get richer and the poor get poorer" had
> become the secret policy
> of the Federal government. An example of the process
> of "creation" and its
> conversion to peoples "debt" will aid our understanding.
>
> THEY PRINT IT --
>
> WE BORROW IT AND PAY THEM INTEREST
>
> We shall start with the need for money. The Federal
> Government, having
> spent more than it has taken from its citizens in
> taxes, needs, for the sake
> of illustration, $1,000,000,000. Since it does not
> have the money, and
> Congress has given away its authority to "create" it,
> the Government must go
> to the "creators" for the $1 billion.
>
> But, the Federal Reserve, a private corporation,
> doesn't just give its money
> away! The Bankers are willing to deliver
> $1,000,000,000 in money or credit
> to the Federal Government in exchange for the
> Government's agreement to pay
> it back -- with interest. So Congress authorizes the
> Treasury Department to
> print $1,000,000,000 in U.S. Bonds, which are then
> delivered to the Federal
> Reserve Bankers.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 8
>
> The Federal Reserve then pays the cost of printing
> the $1 billion (about
> $1,000) and makes the exchange. The government then
> uses the money to pay
> its obligations. What are the results of this fantastic
> transaction? Well,
> $1 billion in Government bills are paid all right, but
> the Government has
> now indebted the people to the Bankers for $1 billion
> on which the people
> must pay interest!
>
> Tens of thousands of such transactions have taken place
> since 1913 so that
> by the 1980s, the U.S. Government is indebted to the
> Bankers for over
> $1,000,000,000,000 (trillion), on which the people pay
> over $100 billion a
> year in interest alone with no hope of ever paying off
> the principal.
> Supposedly, our children and following generations will
> pay forever and
> forever! (Since this book was printed in 1984, the
> national debt has grown
> to today's 1989 total of approximately 3 trillion dollars.)
>
> [ note: As of 1996, it is approximately 5 trillion dolllars].
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 9
>
> AND THERE'S MORE
>
> You say, "This is terrible!" Yes, it is, but we
> have shown only part of
> the sordid story. Under this unholy system, those
> United States Bonds have
> now become "assets" of the Banks in the Reserve System,
> which they then use
> as "reserves" to "create" more "credit" to lend.
> Current "reserve"
> requirements allow them to use that $1 billion in bonds
> to "create" as much
> as $15 billion in new "credit" to lend to States,
> municipalities, to
> individuals and businesses.
>
> Added to the original $1 billion, they could have $16
> billion of "created
> credit" out in loans paying them interest with their
> only cost being $1,000
> for printing the original $1 billion! Since the U.S.
> Congress has not
> issued Constitutional money since 1863 (over 100
> years), in order for the
> people to have money to carry on trade and commerce
> they are forced to
> borrow the "created Credit" of the Monopoly bankers and
> pay them
> usury-interest!
>
> AND THERE'S STILL MORE
>
> In addition to the vast wealth drawn to them through
> this almost
> unlimited usury, the Bankers who control the money at
> the top are able to
> approve or disapprove large loans to large and
> successful corporations to
> the extent that refusal of a loan will bring about a
> reduction in the price
> that that Corporation's stock sells for on the market.
>
> After depressing the price, the Bankers' agents buy
> large blocks of the
> company's stock, after which the sometimes
> multi-million dollar loan is
> approved, the stock rises, and is then sold for a
> profit. In this manner
> billions of dollars are made with which to buy more
> stock. This practice is
> so refined today that the Federal Reserve Board need
> only announce to the
> newspapers an increase or decrease in their "discount
> rate" to send stocks
> up and down as they wish.
>
> Using this method since 1913, the Bankers and their
> agents have purchased
> secret or open control of almost every large
> corporation in America. Using
> that control, they then force the corporations to
> borrow huge sums from
> their banks so that corporate earnings are siphoned off
> in the form of
> interest to the banks. This leaves little as actual
> "profits" which can be
> paid as dividends and explains why stock prices are so
> depressed, while the
> banks reap billions in interest from corporate loans.
> In effect, the bankers
> get almost all of the profits, while individual
> stockholders are left
> holding the bag.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 10
>
> The millions of working families of America are now
> indebted to the few
> thousand Banking families for twice the assessed value
> of the entire United
> States. And these Banking families obtained that debt
> against us for the
> cost of paper, ink, and bookkeeping!
>
> THE INTEREST AMOUNT IS NEVER CREATED
>
> The only way new money (which is not true money, but
> is "credit"
> representing a debt), goes into circulation in America
> is when it is
> borrowed from Bankers. When the State and people
> borrow large sums, we seem
> to prosper. However, the bankers "create" only the
> amount of the principal
> of each loan, never the extra amount needed to pay the interest.
>
> Therefore, the new money never equals the new debt
> added. The amounts
> needed to pay the interest on loans is not "created,"
> and therefore does not
> exist!
>
> Under this kind of a system, where new debt always
> exceeds the new money
> no matter how much or how little is borrowed, the total
> debt increasingly
> outstrips the amount of money available to pay the
> debt. The people can
> never, ever get out of debt!
>
> An example will show the viciousness of this
> usury-debt system with its
> "built in" shortage of money.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 11
>
> IF $60,000 IS BORROWED
>
> - $255,931.20 MUST BE PAID BACK
>
> When a citizen goes to a banker to borrow $60,000 to
> purchase a home or a
> farm, the Bank clerk has the borrower agree to pay back
> the loan plus
> interest. At 14% interest for 30 years, the borrower
> must agree to pay
> $710.92 per month for a total of $255,931.20.
>
> The clerk then requires the citizen to assign to the
> banker the right of
> ownership of the property if the borrower does not make
> the required
> payments. The bank clerk then gives the borrower a
> $60,000 check or a
> $60,000 deposit slip, crediting the borrower's checking
> account with
> $60,000.
>
> The borrower then writes checks to the builder,
> subcontractors, etc., who
> in turn write checks. $60,000 of new "checkbook" money
> is thereby added to
> the "money in circulation."
>
> However, and this is the fatal flaw in a usury
> system, the only new money
> created and put into circulation is the amount of the
> loan, $60,000. The
> money to pay the interest is NOT created, and therefore
> was NOT added to
> "money in circulation."
>
> Even so, this borrower (and those who follow him in
> ownership of the
> property) must earn and TAKE OUT OF CIRCULATION
> $255,931, almost $200,000
> MORE than he put IN CIRCULATION when he borrowed the
> original $60,000! (By
> the way, it is this interest which cheats all families
> out of nicer homes.
> It is not that they cannot afford them; it is because
> the Bankers' usury
> forces them to pay for FOUR homes to get ONE!)
>
> Every new loan puts the same process in operation.
> Each borrower adds a
> small sum to the total money supply when he borrows,
> but the payments on the
> loan (because of interest) then deduct a much LARGER
> sum from the total
> money supply.
>
> There is therefore no way all debtors can pay off the
> money-lenders. As they
> pay the principle and interest, the money in
> circulation disappears.
>
> All they can do is struggle against each other,
> borrowing more and more from
> the money-lenders each generation. The money lenders
> (Bankers), who produce
> nothing of value, slowly, then more rapidly, gain a
> death grip on the land,
> building, and present and future earnings of the whole
> working population.
> Proverbs 22:7 has come to pass in America. The
> borrowers have become the
> servants to the lenders. No wonder God Almighty
> forbids interest on loans.
> (See cover again).
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 12
>
> SMALL LOANS DO THE SAME THING
>
> If you haven't quite grasped the impact of the
> above, let us consider a
> small auto loan for 3 years at 18% interest. Step 1:
> Citizen borrows $5,000
> and pays it into circulation (it goes to the dealer,
> factory, miner, etc.)
> and signs a note agreeing to pay the Bankers $6,500.
> Step 2: Citizen pays
> $180 per month of his earnings to the Banker. In three
> years, he will take
> OUT of circulation $1,500 more than he put IN circulation.
>
> Every loan of Banker "created" money (credit) causes
> the same thing to
> happen. Since this has happened millions of times
> since 1913 (and continues
> today), you can see why America has gone from a
> prosperous, debt-free nation
> to a debt-ridden nation where practically every home,
> farm and business is
> paying usury-tribute to some Banker.
>
> The usury-tribute to the Bankers on personal, local,
> State and Federal debt
> totals more than the combined earnings of 25% of the
> working people. Soon
> it will be 50% and continue upward.
>
> THIS IS WHY BANKERS PROSPER IN GOOD TIMES
> OR BAD
>
> In the millions of transactions made each year like
> those above, little
> actual currency changes hands, nor is it necessary that
> it do so. 95% of
> all "cash" transactions in the U. S. are executed by
> check, so the Banker is
> perfectly safe in "creating" that so-called "loan" by
> writing the check or
> deposit slip, not against actual money, but AGAINST
> YOUR PROMISE TO PAY IT
> BACK! The cost to him is paper, ink and a few dollars
> in salaries and
> office costs for each transaction. It is "check
> kiting" on an enormous
> scale. The profits increase rapidly, year after
> year, as shown below.
>
> [Article from a newspaper:]
> "Valley Bank Posts 49% Gain in Profits"
> "Gains of 49 percent in net income and 51 percent
> in operating income
> were posted last year by Valley National bank. Those
> gains brought net
> income to $33,959,000 in the year ended Dec. 31 and
> operating income to
> $34,459,000. The year before those totals were
> $22,836,000 and $22,807,000
> respectively."
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 13
> "Bank's Profit Rise 21%"
>
> "Arizona bank announced on Monday it had achieved
> a 21.2 percent
> increase in net income in 1978 over 1977. On the basis
> of operating income,
> excluding the 1977 sale of the Arizona Bank Building
> for $1,336,368, the
> bank said the increase was 43.9 percent. Tostenrud
> said loans and deposits
> increased in the last year. Deposits 18.8 percent to
> $1,353 billion and
> loans 21.9 percent to $951 million."
>
> THE COST TO YOU? EVENTUALLY, EVERYTHING!
>
> In 1910 the U. S. Federal debt was only $1 billion,
> or $12.40 per
> citizen. State and local debts were practically non-existent.
>
> By 1920, after only six years of Federal Reserve
> shenanigans, the Federal
> debt had jumped to $24 billion, or $228 per person, and
> State and local
> debts were mushrooming.
>
> By 1981 the Federal debt passed $1 trillion and was
> growing exponentially
> as the Bankers tripled the interest rates. State and
> local debts are now
> MORE than the Federal, and with businesses and personal
> debts totalled over
> $6 trillion, three times the value of all land and
> buildings in America.
>
> If we signed over to the money-lenders of all of
> America we would still
> owe them more two more Americas (plus their usury, or course!).
>
> However, they are too cunning to take the title to
> everything. They
> instead leave you with some "illusion of ownership" so
> you and your children
> will continue to work and pay the Bankers more of your
> earnings on ever
> increasing debts. The "establishment" has captured our
> people with their
> ungodly system of usury and debt as certainly as if
> they had marched in with
> an uniformed army.
>
> To understand that it really is a "conquest," go
> back to the front and
> read the "Three Types of Conquest" again.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 14
>
> The borrower must pay back MORE then he borrowed, so
> bankers ALWAYS get
> more than they lend!
>
> FOR THE GAMBLERS AMONG MY READERS
>
> To grasp the truth that periodic withdrawal or money
> through interest
> payments will inexorably transfer all wealth in the
> nation to the receiver
> of interest, imagine yourself in a poker or dice game
> where everyone must
> buy the chips (the medium of exchange) from a "banker"
> who does not risk
> chips in the game, but watches the table and every hour
> reaches in and takes
> 10% to 15% of all the chips on the table. As the game
> goes on, the amount
> of chips in the possession of each player will go up
> and down with his luck.
> However, the TOTAL number of chips available to play
> the game (carry on
> trade and business) will decrease rapidly.
>
> The game will get low on chips, and some will run
> out. If they want to
> continue to play, they must buy or borrow them from the
> "banker". The
> "banker" will sell (lend) them ONLY if the player signs
> a "mortgage"
> agreeing to give the "banker" some real property (car,
> home, farm, business,
> etc.) if he cannot make periodic payments to pay back
> all the chips plus
> some EXTRA ones (interest). The payments must be made
> on time, whether he
> wins (makes a profit) or not.
>
> --------------------------------------------------------------------------
--
> ----
>
> p. 15
>
> It is easy to see that no matter how skillfully they
> play, eventually the
> "banker" will end up with all of his original chips
> back, and except for the
> very best players, the rest, if they stay in long
> enough, will lose to the
> "banker" their homes, their farms, their businesses,
> perhaps even their
> cars, watches, rings, and the shirts off their backs!
>
> Our real life situation is MUCH WORSE than any poker
> game. In a poker
> game none is forced to go into debt, and anyone can
> quit at any time and
> keep whatever he still has. But in real life, even if
> we borrow little
> ourselves from the "bankers," the local, State and
> Federal governments
> borrow billions in our name, squander it, then
> confiscate our earnings from
> us and pay it back to the Bankers with interest.
>
> We are forced to play the game, and none can leave
> except by death. We pay
> as long as we live, and our children pay after we die.
> If we cannot pay,
> the same government sends the police to take our
> property and give it to the
> Bankers. The bankers risk nothing in the game; they
> just collect their
> percentage and "win it all." In Las Vegas and at other
> gambling centers,
> all games are "rigged" to pay the owner a percentage,
> and they rake in
> millions...The Federal Reserve Bankers' "game" is also
> rigged, and it pays
> off in billions!
>
> In recent years, Bankers have added real "cards" to
> their game. "Credit"
> cards are promoted as a convenience and a great boon to
> trade. Actually,
> they are ingenious devices by which Bankers collect 2%
> to 5% of every retail
> sale from the seller and 18% interest from buyers. A
> real "stacked" deck!
>
> [End of Part 1 of 2]
> --------------------------------------------------------------------------
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> ----
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>
> "If ye love wealth better than liberty, the tranquility of servitude
better
> than the animating contest of freedom, go home from us in peace. We ask
> not your counsel or your arms. Crouch down and lick the hands of those
> who feed you. May your chains set lightly upon you. May posterity forget
> that ye were our countrymen." - Samuel Adams
>
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