A study of American Colonial history will reveal
that Benjamin Franklin went to England as a representative
of the Colonies.
The English officials asked how it was the Colonies
managed to collect enough taxes to build poor houses, and
how they were able to handle the great burden of caring
for the poor. Franklin's reply was most revealing:
"We have no poor houses in the Colonies, and if we
had, we would have no one to put in them, as in the
Colonies there is not a single unemployed man, no
poor and no vagabonds." Think long and hard about this. In the
American colonies before the American Revolution, there
was "not a single unemployed man, no poor and no
vagabonds". -- no one on Welfare, no one on Social
Security, no homeless, no income tax, no alphabet
agencies, No IRS, BATF, FBI, DEA, CIA, HEW, OSHA, SBA, and
on and on and on to provide for the "general
welfare" of our villages, towns, cities and states.
How did Benjamin Franklin explain this to the British
officials of his day?
How would he explain it to
today's lawyers, judges, politicians and other government
"It is because, in the Colonies, we issue our own paper
money. We call it Colonial Script, and we issue only
enough to move all goods freely from the producers to
the Consumers; and as we create our money, we control
the purchasing power of money, and have no interest to
This system guarantees HONEST MONEY. It was not controlled by a private
corporation with a monopoly on the credit of the nation as it is today.
There was no inflation or deflation, as long as the MONEY SUPPLY WAS
KEPT EQUAL TO THE VALUE OF GOODS AND SERVICES TO BE PRODUCED AND MOVED
As will be shown later in this paper, what we really need has
already proven itself historically -- not only in Franklin's early
colonial days, but in other historical instances. We will see that it
was this system which Franklin describes that was taken away from the
America colonies through the gradual encroachments of the British
Parliament (Legislative branch of Britain's government) and the
enforcement of this legislation in King's Admiralty/Maritime/Equity
courts set up in the colonies by America's mother country, Britain,
without reference to the common law established by Magna Carta that led
to the American Revolution. Those encroachments are described in the
Declaration of Independence. Is America today being governed without
reference to Magna Carta and the national and state Constitutions
What was the condition in England, in Franklin's day? All her money
was borrowed from private banks at interest, and repressive taxes were
laid upon the people.
Private banks usurped the government's right
to create and regulate money. Banks created money or credit "out of
thin air", by mere bookkeeping entries, with no labor or wealth
involved or exchanged.
The money supply was not kept equal to the value
of goods to be moved. Nor was it issued interest or tax free. It was
issued at interest by private for profit banks "out of thin air" just
like it is being issued here in America today.
Think about this!
If you had a "magic" checking account with the
ability to write unlimited checks against no funds (backing) "out of
thin air", would you not be able to buy and control the whole world
eventually? Now suppose you were "by law" the only one, who had this
monopoly of creating money "out of thin air".
Wouldn't the whole world
have to come to you to borrow "money" to finance production and con-
Remember, "the borrower is servant to the lender".
not be able to make the whole world serve you through this power to
issue "money" against no funds?
Let's take this a little further.
Would you not be able to buy and
control all major media? Would you not be able to buy control of all
private institutions of higher learning, including all business and law
schools? Would you not be able to buy and control the government,
itself, to serve your purposes? Think long and hard on this. It is the
most important subject modern men and women can contemplate.
Today, America and the rest of the world suffers from this same debt
money system. We have all become "servants/slaves" to the money
lenders. The evidence and testimony, once examined, is irrefutable.
Why should we the people pay tribute to a private credit monopoly, for
the benefit of using our own money\credit? The people retain an
inalienable right to create their own medium of exchange, through their
elected representatives in the Congress of the United States, as
mandated by the Constitution.
When this right was challenged by the
British, the Colonists went to war. Benjamin Franklin identified this
as the real reason for the War of Independence:
"The refusal of King George to operate an HONEST colonial
MONEY SYSTEM which freed the ordinary man from the clutches
of the manipulators was probably the prime cause of the
"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
Here we see the cause of poverty, unemployment and financial
There can be no personal liberty without financial freedom.
Thomas Jefferson and many others knew this. Jefferson prophesized what
would happen to America if we ever lost the inalienable right to issue
our own money.
"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, will deprive the people of
their property until their children will wake up
homeless on the continent their fathers conquered."
Has Jefferson's prophesy come to pass here in the U. S. Inc., which is
a subsidiary of Planet Earth Inc.? Does America now allow private banks
to issue the nations money? Have "... the banks and corporations that
have grown up around (us) deprived (us) of (our) property"? How many
Americans really own their own homes? Do the great majority of
"homeowners" pay rent, via mortgage payments to banks and pay rent to
the "government", via property taxes?
How many Americans own "their"
"... WE MUST NOT LET OUR RULERS LOAD US WITH PERPETUAL
DEBT...If we run into such debts as that we must be
taxed in our meat and in our drink, in our necessities
and comforts, in our labors and in our amusements, for
our callings and our creeds...our people...must come to
labor 16 hours in the 24, give the earnings of 15 of these
to the government for their debts and daily expenses; and
the 16th being insufficient to afford us bread,...We have
no time to think, no means of calling the mis-managers to
account; but be glad to obtain subsistence by hiring ourselves, to rivet their chains on the necks of our fellow
Our land holders, too...retaining indeed the
title and stewardship of estates called theirs, but held
really in trust for the treasury,. . .THIS IS THE TENDENCY
OF ALL HUMAN GOVERNMENTS. A departure from principle becomes a precedent for a second; that second for a third;
and so on, till the bulk of society is reduced to mere
automatons of misery, to have no sensibilities left but
for sinning and suffering...And the fore horse of this
frightful team is public debt. Taxation follows that, and
in it's train, wretchedness and oppression."
Are our present day bureaucrats "...glad to obtain
subsistence by hiring (themselves) out to rivet their chains on the necks of
fellow sufferers" - their fellow countrymen?
Has not "...departure
from principle become(s) a precedent for a second; that second for a third; and
Is not the "public debt" the "fore horse"
of the taxation that has followed in its train?
Has this prophesy of
Jefferson's come to pass in America?
"The system of banking we have both equally and ever
reprobated. I contemplate it as a blot left in all our
constitutions, which, if not covered, will end in their
destruction, ... I sincerely believe, with you, that banking
establishments are more dangerous than standing armies; and
that the principle of spending money to be paid by posterity,
under the name of funding, is but swindling futurity on a
in a letter to John
Taylor, May 28, 1816.
Has this "blot left in our constitutions" been covered yet?
our constitutions ended in "destruction"?
In another place, Jefferson expanded upon this:
"I believe that banking institutions are more dangerous to
our liberties than standing armies. Already they have raised
up a money aristocracy that has set the government at defiance.
THE ISSUING POWER SHOULD BE TAKEN FROM THE BANKS AND
RESTORED TO THE GOVERNMENT TO WHOM IT PROPERLY BELONGS."
Let's continue and examine the testimony of others.
"The bold efforts that the present bank has made to
CONTROL THE GOVERNMENT and the distress it has wantonly
caused, are but premonitions of the fate which awaits
the American people should they be deluded into a per-
petuation of this institution or the establishment
of another like it...If the people only understood the
rank injustice of our money and banking system there
would be a revolution before morning."
address to Congress, 1829
"You are a den of vipers and thieves and I intend to
rout you out, and by the eternal God, I will rout you
Andrew Jackson's declaration
of war on the Money Powers.
Have the American people been "deluded"?
Have Andrew Jackson's
"...premonitions of the fate which awaits the American people..."
come to pass here in America?
Have the banks efforts to CONTROL THE
GOVERNMENT been successful?
"If Congress has the right to issue paper money, it was
given them to be used by themselves, and not to be del-
egated to individuals or corporations."
Let's continue with the testimony. We believe that President Abraham
Lincoln was assassinated for his creation of "United States Notes",
(called Greenbacks) and for his refusal to borrow debt money from
banks. Lincoln was quoted to say:
"The people can and will be furnished with a currency as
safe as their own Government. Money will cease to be master
and become the servant of humanity. Democracy will rise
superior to the money power."
Was this the covering of "the blot in our constitutions" referred to
Did Lincoln follow Jefferson's advice by taking the
"ISSUING POWER...FROM THE BANKS AND RESTOR(ing) IT TO THE GOVERNMENT TO WHOM IT PROPERLY BELONGS"?
Lincoln had to wrest control from the Money Powers only 30 years
after Jackson, by getting Congress to issue "Greenbacks" to finance
the Civil War. This is what he said to Congress afterwards:
"We have given the People of the Republic the greatest
blessing they have ever had, their own currency to pay
their own debts."
However, Lincoln did not underestimate the artful cunning of the
money powers. He, too, feared for the future of our country. He, too,
was aware of the designs of artful and cunning men to CONTROL THE
GOVERNMENT through the money power.
"Yes; we may all congratulate ourselves that this cruel
war is nearing its close. It has cost a vast amount of
treasure and blood. The best blood of the flower of
American youth has been freely offered upon our country's
altar that the Nation might live. It has been, indeed a
trying hour for the Republic; but I see in the future a
crisis approaching that unnerves me and causes me to tremble for the safety of my country.
As a result of the war,
corporations have been enthroned and an era of corruption
in high places will follow, and the money power of the
country will endeavor to prolong its reign by working upon
the prejudices of the people until wealth is aggregated in
a few hands and the Republic is destroyed.
I feel at this
moment more anxiety for the safety of my country than ever
before, even in the midst of the war."
ABRAHAM LINCOLN - 1865
In 1865, during the time Lincoln was attempting (and thereafter
succeeded) in creating a debt-free currency for the People; this
editorial was printed in the London Times.
"If this mischievous financial policy [of creating a
debt-free currency], which has its origin in the
American Republic, shall become permanent, then that
government will furnish its own money without cost! It
will pay off its debts and be without debt.
It will have
all the money necessary to carry on its commerce. It will
become prosperous without precedent in the history of the
world. The brains and the wealth of all countries will go
to America. That government must be destroyed or it will
destroy every monarchy on the globe!"
Note the words, "That government must be destroyed..."
Was this a
declaration of war against America by the bankers?
Who won this war?
America "...prosperous without precedent in the history of the world."?
Was that John Wilkes Booth a banker's agent? And, like John F. Kennedy
after him, was Lincoln assassinated for trying to rout out the "Den of
Vipers and thieves" that Andrew Jackson referred to?
The English money lenders have co-operated with the money lenders
of our country and in 1862 an agent, quietly and under a confidential
seal, distributed among the aristocrats and the wealthy class a
circular. It was called the Hazard Circular and related to the Civil
War. It read:
"Slavery is likely to be abolished by the war power and all
chattel slavery abolished. This I and my European friends are
in favor of, for slavery is but the owning of labor and carries
with it the care of the laborers, while the European plan, led
on by England, is that capital shall control labor by controlling
wages. The great debt that the capitalists will see to it is made
out of the war, must be used as a means to control the volume
of money. To accomplish this the bonds must be used as a banking
basis. We are now waiting for the Secretary of the Treasury to
make this recommendation to Congress. IT WILL NOT DO TO ALLOW THE
GREENBACK, as it is called, TO CIRCULATE AS MONEY any length of
time, as WE CAN NOT CONTROL THAT. But we can control the bonds
and through them the bank issues."
Hazard Circular of 1862
Was this "GREENBACK" what Lincoln was referring to when he called it
"...the greatest blessing they (the People of the Republic) have ever had,
their own currency to pay their own debts."?
Was it the same thing as
the "Colonial Script" that Benjamin Franklin referred to? After the
assassination of Lincoln, Bismarck said:
"The death of Lincoln was a disaster for Christendom.
There was no
man in the United States great enough to wear his boots and the
bankers went anew to grab the riches. I fear that foreign bankers
with their craftiness and tortuous tricks will entirely control
the exuberant riches of America and use it to systematically
corrupt modern civilization."
Otto von Bismarck, German
Has Bismarck's fears come to pass?
Has Christendom and modern
civilization been "systematically corrupt(ed)"?
The evidence is all
Are these same bankers and their agents now trying to get
America to surrender her sovereignty and become a nation state in
their New World Order?
Let's continue with the testimony.
"Whoever controls the volume of money in any country is
absolute master of all industry and commerce."
President James A. Garfield
"While boasting of our noble deeds, we are careful to control the
ugly fact that by an iniquitous money system, we have nationalized a
system of oppression which, though more refined, is not less cruel than
the old system of chattel slavery."
American journalist and
Again, in eighteen hundred and seventy-seven, a circular was issued by
authority of the Associated Bankers of New York, Philadelphia, and Boston.
It was signed by one James Buel, secretary, and sent out from two hundred
and forty-seven Broadway, New York.
It was sent to the bankers in all
of the States. It read: "Dear Sir: It is advisable to do all in your
power to sustain such prominent daily and weekly newspapers, especially the
agricultural and religious press, as will oppose the greenback issue of
paper money; and that you also withhold patronage from all applicants who
are not willing to oppose the Government issue of money.
Government issue the coin and the banks issue the paper money of the
country, for then we can better protect each other. To repeal the Act
creating bank notes, or to restore to circulation the Government issue of
money, will be to provide the people with profits as bankers and lenders.
See your Congressman at once and engage him to support our interests, that
we may control legislation." Here we see that way back in 1877, the
bankers could control the media, by "withhold(ing) patronage from
all...who are not willing to oppose the Government issue of money".
same method has been used to control the media, the schools (both public
and private) and the government, itself.
How much more refined has the
methods become for controlling the flow of information going to the public?
the American people been completely brainwashed into serving the private
interests of artful and cunning men? Continuing on, Congressman Charles
Lindbergh, in his book "Banking, Currency and the Money Trust",
written in 1913, tells us about some of the changes that took place in our
money system after the death of Lincoln.
In his preface to this book, he says:
"The market prices of commodities vary from day to day. This occurs
when there is no radical difference in the proportion to the supply and
the natural demand. This FACT is conclusive proof that our system is
controlled by manipulators and fundamentally wrong. Act No. 1 was the
manufacture, between 1896 and 1907, through stock gambling, speculation
and other devious methods and devices, of tens of billions of watered
stocks, bonds, and securities. Act No. 2 was the panic of 1907, by which
those not favorable to the Money Trust could be squeezed out of business
and the people frightened into demanding changes in the banking and
currency laws which the Money Trust would frame. ... see how these
bankers have impoverished us by selling to us, - at usury prices, - the
credit that is supported by our own toil,...
The king bankers put in motion, in 1907, a great scheme.
They had gambled and speculated on Wall Street, until so many watered
stocks and bonds had been manufactured on speculation, that numberless
speculators, big and small, sprang up all over the country, and stocks,
bonds, and credits were pyramided, and re-pyramided, and re-re-pyramided.
Of course such a condition could not last and a crash was inevitable,
because it was not natural for such gambling to continue."
Charles Lindbergh, Sr., " The
The Aldrich-Vreeland Emergency Currency Bill that the bankers
proposed was defeated, but the persistent king bankers got it through
under a different name -- the Federal Reserve Act.
Notice how these artful and cunning men created the panic of 1907 so that
they could provide the solution. Is this not the old Hegelian principle at work?
Let's continue on and see what other testimony Lindbergh offered in his HOUSE
RESOLUTION 80 in the House of Representatives on April 29, 1913,
he said: "Ever since the Civil War, Congress has allowed the bankers to
control financial legislation.
The membership of the Finance Committee in
the Senate (now the Banking and Currency Committee) and the Committee on Banking
and Currency in the House have been made up chiefly of bankers, their agents,
and their attorneys. ...In this way the committees have been able to control
legislation in the interests of the few."
In the House of Representatives,
April 29, 1913.The men who have
appointed the committees in the last fifty years have not had the clear and
earnest viewpoint of our forefathers.
On Tuesday, January fourteenth,
seventeen hundred and ninety-four (1794), the following resolution was
introduced in the United States Senate: "Nor shall any person holding any
office or stock in any institution in the nature of a bank, for issuing or
discounting bills or notes payable to bearer or order, under the authority of
the United States, be a member of either house whilst he holds such office or
stock." " It passed the Senate two days later, after being fought by
the bankers, and amended at their instigation in order that they might be
allowed to sit in Congress, but it still remained a protest to bankers
controlling legislation in which they were personally interested. Our finances,
including the actual control of legislation in Congress, have been surrendered
to the bankers, their agents, and attorneys."
Charles Lindbergh, Sr. "
The Money Trust"
Woodrow Wilson was President of the United States, when the Federal
Reserve Act was passed in December of 1913, after most of the
Congressmen and Senators had left Washington, to go home for the
holidays. Woodrow Wilson signed the Federal Reserve Act into law in
Later, he realized what he had done and made this statement:
A great industrial nation is controlled by its system of credit. Our
system of credit is concentrated.
The growth of the Nation and all
our activities are in the hands of a few men. We have come to be one of
the worst ruled, one of the most completely controlled and dominated
governments in the world.
No longer a government of free opinion,
no longer a government of conviction and vote of the majority, but a
government by the opinion and duress of small groups of dominant
President Woodrow Wilson.Just
before he died, Wilson is reported to have stated to friends that he had been
"deceived" and that "I have betrayed my Country".
referred to the Federal Reserve Act passed during his Presidency.
Let's continue with the testimony:
" 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 back again. However, take it away from them, and all the great
fortunes like mine will 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 1920's, the second richest
man in Britain
" The modern banking system manufactures money out of nothing. The
process is perhaps the most astounding piece of sleight of hand that was
ever invented. Banks can in fact inflate, mint and unmint the modern
ledger- entry currency.
Major L. L. B. Angus
"Banks lend by creating credit. They create the means of payment
out of nothing.
Ralph M. Hawtrey,
Former Secretary Of The
" People who will not turn a shovel of dirt on the project [Muscle
Shoals Dam], nor contribute a pound of material, will collect more
money from the United States, than will the people who supply all the
material and do all the work.
This is the terrible thing about
interest [usury] ... But here is the point: If the nation can issue a
DOLLAR BOND, it can also issue a DOLLAR BILL.
The element that
makes the bond good makes the bill good, also.
between the bond and the bill is that the bond lets the money broker
collect twice the amount of the bond and an additional 20%.
Whereas the currency, the honest sort provided by the Constitution,
pays nobody but those who contribute in some useful way. It is absurd
to say that our country can issue bonds and cannot issue currency. Both
are promises to pay, but one fattens the usurer and the other helps the
If the currency issued by the people were no good, then the
bonds would be no good, either. It is a terrible situation when the
Government, to insure the national wealth, must go in debt and submit
to ruinous interest charges at the hands of men who control the
fictitious value of gold. Interest is the invention of Satan."
Thomas A. Edison
Let's go to the Congressional Record for the testimony of Congressman Louis T.
MacFadden in 1932: "Mr. Chairman, 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, which have cheated the government
and the people of the United States out of enough money to pay the national debt
several times over.
This evil institution has impoverished and ruined the
people of the United States and has practically bankrupted our government. It
has done this through the defects of the law under which it operates, through
the government. It has done this through the defects of the law under which it
operates, through the maladministration of that law, and through the corrupt
practices of the moneyed vultures who control it! Some people think the Federal
Reserve banks are United States government institutions.
They are not!
are private credit monopolies which prey upon the people of the United States
for the benefit of themselves and their foreign swindlers; and the rich and
predatory money lenders. Among those financial pirates, there are those who send
money into states to buy votes to control our legislation; and there are those
who maintain international propaganda for the purpose of deceiving us and
wheedling us into granting new concessions which will permit them to cover up
their past misdeeds and set again in motion their gigantic train of crime. These
twelve private credit monopolies were deceitfully and disloyally foisted upon
this Country by bankers who came here from Europe and repaid our hospitality by
undermining our American institutions. Those bankers took money out of this
Country to finance Japan in a war against Russia. They created a reign of terror
in Russia with our money. They planned and instigated the Russian Revolution...
In 1912, the National Monetary Association, under the chairmanship of the late
Senator Nelson Aldrich, presented a vicious bill called the National Reserve
Association Bill. This is usually spoken of as the Aldrich bill although Aldrich
did not write the bill. He was the tool, if not the accomplice, of the European
bankers who, for nearly twenty years, had been scheming to set up a central bank
In 1912 they were spending and are continuing to spend vast sums
of money to accomplish their purpose. We were opposed to the Aldrich plan for a
central bank. The men who ruled the Democratic Party then promised the people
that if the were returned to power there would be no central bank established
here, while they held the reigns of government.
Thirteen months later that
promise was broken, and the Wilson administration, under the tutelage of
sinister Wall Street figures established, here in our free Country, the
worm-eaten monarchical institution of the "King's Bank", to control us
from the top downward, and to shackle us from the cradle to the grave...Every
effort has been made by the Federal Reserve Board to conceal its powers but the
truth is...the Fed has usurped the government. It controls everything here and
it controls all our foreign relations!..."
Congressman Louis T. MacFadden,
speech in Congress, June 10, 1932
Do the members of Congress know about this?
Lets see: " The Federal
Reserve (Banks) are one of the most corrupt institutions the world has ever
There is not a man within the sound of my voice, who does not know
that this Nation is run by the International Bankers.
Congressman Louis T. MacFadden
In 1932, Congressman Louis MacFadden was trying to tell the American people that
the U.S. Government was "nearly bankrupt". Shortly thereafter, he died
under mysterious circumstances.
Remember this was during the Great
Depression, the Banks are calling in all their markers, there is no money in
circulation for the U.S. Government (or the People) to pay off its debts. In
1933, Franklin Roosevelt, asked for and got the power for the President to
declare a "state of national emergency", thereby, giving a President,
War Powers, at any time, the President so declared. Senate Report 93-549 (1973),
states: "Since March 9, 1933, the United States has been in a state of
national emergency." It is sufficient to note that is now 63 years that the
U.S. has been in a perpetual state of national emergency. Now for some testimony
from a Credit Manager Of the Federal Reserve Bank of Atlanta, Georgia: "
This is a staggering thought. We are completely dependent on the Commercial
Banks. Someone has to borrow every dollar we have in circulation, cash or
credit. If the Banks create ample synthetic money we are prosperous; if not, we
starve. We are absolutely without a permanent money system. When one gets a
complete grasp of the picture, the tragic absurdity of our hopeless position is
almost incredible, but there it is. It is the most important subject intelligent
persons can investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the defects
remedied very soon."
Robert H. Hemphill,
Credit Manager Of Federal
Reserve Bank, Atlanta, Georgia
In 1938, the Supreme Court ruled on the Erie Railroad v. Tompkins. It was
also the year the courts claim they blended Law with Equity.
done to accommondate the "National Emergency"? Since then Federal
Courts have been formed under the Uniform Commercial Code (by the authority
of Presidential martial law), rather than Common Law. At this time, the
Court decided that the power to declare a national emergency was a
political question, not a question of law.
They did the same thing with
the evidence that proved that the 16th Amendment of 1913 had never been
lawfully ratified. Since, the Congress authorized the President the power
to impose martial law, whenever he determined there was a national
emergency, the courts had NO BASIS of AUTHORITY to make judgment upon the
validity of the emergency.
The courts held that the People must decide,
if the emergency really exists.
But, how could they do that if they
were never properly informed of the alleged "emergency"? Sometime
between 1933 and 1938, inclusive, the Money Powers met with the U.S.
Government. They showed the government that they were bankrupt, and
therefore, the Money Powers owned the government.
The Money Powers
then offered the government that they could continue to operate, as if they
were not bankrupt, and that the Money Powers would now lend the U.S.
Government all the money it could want, provided that the Federal Courts
convened under Jurisdictions that were favorable to them; and that the U.S.
Government would take certain measures to insure that the People would
directly repay the Money Powers for those moneys lent to the U.S.
Government. Does our present tax system have anything to do with this?
"From this testimony, it is certain that the International Bankers
caused our system of Law and Taxation to change; and that those changes
occurred in the 1930's through verifiable legislation and court decisions.
Under the insanity of the depression, the public mind was duressed into
changes that could not have occurred at any other time in the history of
the United States of America. In 1930 America did not lack industrial
capacity, fertile farmlands, skilled and willing workers or industrious
families. It had an extensive and efficient transportation system in
railroads, road networks, and inland and ocean waterways. 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
From "Billions for the Bankers -
Debts for the People"
by Sheldon Emry
Most knowledgeable Americans believe that President John F. Kennedy, in
the early 1960's, was assassinated because he issued Executive Order
#1004, authorizing the issue of U.S. Bank Notes, which were the
equivalent of the Lincoln Greenbacks which would have broken the
International Bankers stranglehold on our country.
Archibald E. Roberts, LtCol, AUS, ret., of the Committee to Restore
the Constitution, tells us that some 30 states have memorialized
Congress to Audit the Fed or repeal the Federal Reserve Act of 1913.
We will only reproduce one here from the State of Alabama that was
adopted in 1982.
MONETARY RESOLUTION - ALABAMA
H. J. R. 90 Enrolled, House Joint Resolution, -------- MEMORIALIZING CONGRESS TO
REPEAL THE FEDERAL RESERVE ACT. WHEREAS, the state of Alabama has a duty to
support and defend the Constitution of the United States against all enemies,
foreign and domestic; and
WHEREAS, THE Constitution vests in the Congress of the United States supreme
power "to coin money, regulate the value thereof and of foreign coin, and
fix the standard of weights and measures"; and
WHEREAS, the Congress passed the Federal Reserve Act in 1913 " ...to
furnish an elastic currency," and thereby abdicated its duty to the
American people to fix a constant lawful value for United States money and thus
insure prosperity for honest, law-abiding, productive citizens; and
WHEREAS, the national debt in 1913 was less than TWO BILLION DOLLARS for the
entire Nation, while the national debt in 1981 approximates ONE TRILLION
WHEREAS, the people of Alabama are suffering the disastrous effects of
bankruptcy, unemployment, and privation, when they are ready, willing and able
to work for an honest living, but many find themselves unable to do so, for lack
of available jobs or capital; and
WHEREAS, the direct effect of the dictatorial control of
interest rates exercised by the Board of Governors of the Federal Reserve System
has been steeply accelerating and inflationary interest charges, with the
consequent and predictable destruction of business, agriculture and industry in
Alabama and the Nation; and
WHEREAS, the Federal Reserve Act, Section 19, specifically precludes the State
of Alabama from effectively legislating or enacting any lawful ceiling on the
extortionate interest rates or usury demanded of our people by the Federal
Reserve bankers, thereby immunizing the banks and bankers from any threat of
civil or criminal penalty on account of their extortionate monetary demands; and
WHEREAS, the direct effect of the Federal Reserve Act, as amended, is to lay an
interest charge upon every single dollar of paper currency which circulates in
our State and Nation as a Federal Reserve Note, and it thereby lays an invisible
burden on uncontrolled and uncontrollable debt and taxes upon the backs of our
WHEREAS, the United States Government owns no stock in the Federal Reserve
System, and the Federal Reserve is not a government agency, and is, in fact, an
oppressive and extortionate, privately owned economic monopoly, entirely
independent of any real governmental control, except by means of direct
legislative action and intervention by the Congress, which established the
Federal Reserve in the first place; and
WHEREAS, Section 30 of the Federal Reserve Act provides that "The right to
amend, alter or repeal this Act is expressly reserved"; and
WHEREAS, the Honorable Henry Gonzales, United States Congressman from the State
of Texas has introduced a Bill, H.R. 4358, in the United States Congress,
expressly providing for the immediate repeal of the Federal Reserve Act;
therefore, BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALABAMA, BOTH
HOUSES THEREOF CONCURRING,
That this body hereby memorializes the Congress
of the United States, and especially Alabama's Congressional Delegation, both
Senate and House of Representatives, for the immediate passage of this important
legislation, H.R. 4358, to the end that peace and prosperity, and the blessings
of a Sovereign God may be the lot of our people. RESOLVED FURTHER,
copy of the resolution be sent to each member of the Alabama Congressional
and to each presiding officer of the United States Congress,
Speaker of the House of Representatives,
President and Presiding Officer of the Senate,
House of Representatives I hereby certify that the within House Joint Resolution
originated in and was adopted by the House February 9, 1982.
John W. Pemberton,
Senate Feb. 25, 1982 adopted
The evidence is quite irrefutable, consider what we've covered:
That Lincoln & Jackson "routed" out debt currency.
- How he who controls the issue of money is the absolute
master of commerce.
- How the recession/inflation pump works to rob us of the
fruit of our labor.
- The ridiculous method by which the U.S. Government
procures debt currency.
- That the practice of issuing debt-free currency as
being so powerful as to topple all the monarchies and
corruption on the globe.
- That even though money was "tight", during the Great
Depression, the bankers had plenty of money to lend to
the U.S. Government, who, supposedly, produces no
To see the effect of debt-free currency, We can use examples in
history to illustrate the point.
Was this the real cause of World War II?
- * The Saracen Empire forbade interest on money 1,000 years
ago, and it's wealth outshone Saxon Europe.
- * Mandarin China issued its own money, interest and debt-
free. Historians and collectors of art today consider
those centuries to China's greatest time of wealth,
culture and peace.
- * The American Colonies issued Colonial Script, and Ben
Franklin explained to the English that this was the key
to the prosperity Colonies.
- * Abraham Lincoln did it in 1863 to finance and win the
- * Germany issued debt-free and interest-free money from
1935 and on, accounting for its startling rise from the
depression to a World power in 5 years.
its entire government and war operation from 1935 to 1945
without gold and without debt, and it took nearly the
whole Capitalist and Communist world to destroy the
German power over Europe.
Did the International Bankers have
to destroy the Government of Germany because it issued debt and interest free
money just like Lincoln did?