johnwk
01-10-2009, 01:30 PM
.
There have been countless ways during mankind’s history in which the few steal from the many. Some have been armed robbers and steal from the community at the point of a gun. Some were slave owners and stole the property which blacks had in their labor when slavery was practiced in America. And then there are those who engage in shop lifting, burglary, pick pocketing , counterfeiting and many other ways by which they illegally acquire the wealth and property of others. But the most sophisticated of all who steal from the community are those who work hand in hand with folks in government and wrap their thievery in legislative acts which is none the less thievery when stripped of the veneer of government. These are the most corrupt and cunning of all thieves. At the top of this list are those who have historically been referred to as “money changers” and have plundered the people of countless nations and as far back as Biblical times using money schemes designed to acquire real material wealth produced by labor and industry using a worthless representation of wealth which these money changers create out of thin air.
In many instances and in our own nation’s history this worthless representation of wealth is forced to be used by the community as a medium of exchange for trade and business transactions under “legal tender laws” enacted by the money changers accomplices in government! However, during the early years of our country money changers practiced their thievery without the aid of government using the cover of a local bank. People in the community would deposit their gold and silver in these banks for safe keeping and the bank would issue a Bank Note as a receipt for the amount deposited. Eventually the bank notes would circulate as money and when a sizable amount of gold and silver was deposited in the bank for safe keeping, the bank owners would disappear in the middle of the night with the people’s gold and silver coins, leaving depositors with worthless “Wildcat Notes” (http://www.bestcoin.com/Currency-Glossary.htm), and leaving the people robbed of their savings, their businesses and industries headed for foreclosure, and those who worked for a daily wage were soon without a job, behind in their rent, and the entire community experiencing a financial upheaval, all of which are the same symptoms we now suffer!
We are in fact witnessing, under our very noses, one of the largest government sponsored banking scheme thefts in the history of mankind being carried out via the federal reserve system, and the people are unaware that they are being financially raped by these contemporary money changers with Congress’s complicity in the plunder, not to mention our president‘s helping hand in this fraud!
Incidentally, few people, especially those in our agenda driven news media, know the origin of the phrase “federal reserve banks”. During the mid 1800’s to early 1900’s federal reserve banks were known as private sector charted banks in which our government deposited gold and silver coins [our nation’s constitutionally authorized money]which was collected via taxation, i.e., federal reserve banks ___ a place to store the federal government’s money reserves in, and not a federal government agency which many people today believe federal reserve banks are.
It must be amusing for the culprits behind our nation’s current financial crisis to witness the political motivated and staged “blame game” taking place, especially coming from Representative Barney Frank’s mouth in which the other party is the cause of our economic crisis. And, it must be especially amusing for the these culprits to witness these arguments when the primary engine which feeds our nation’s economic collapse, which is “fractional reserve banking” has not even been questioned, and continues to fatten the few at the expense of the many. In fact, Obama has pointed to every imaginable thing short of hemorrhoids as a cause for our current economic misery and has avoided any discussion of the root cause of our misery ___ a fraudulent and dishonest money system which benefit’s the few at the expense of the many.
Is it possible to identify a specific cause of our nation’s financial collapse? And if so, is that cause to be found in a violation of our Constitution and its legislative intent? Is it possible that our founding fathers were aware of the kind of financial calamity we now experience, and deliberately provided constitutional restraints to preclude the cause of our existing misery? Is it possible that our only problem today is that protective measures in our Constitution are actually being subjugated by the leadership of both political parties and has set the stage for a predictable economic collapse in which the few profit from the misery of the many? The answer to all these questions are a resounding yes!
The sad truth is, a banking monopoly called the federal reserve system has been created using the force of government, and this banking monopoly’s notes have been made a legal tender for all debts public and private which is exactly what our founding fathers voted to prohibited on August 16th during the framing of our Constitution.[1] And, this private banking monopoly has in fact removed all domestic free market forces (competition), from the community in choosing an acceptable medium by which to conduct trade and business. In creating the federal reserve system, which constitutes twelve privately owned banks, notes which are issued by these banks, in defiance of our Constitution’s legislative intent, have been made a “legal tender for all debts public and private” The very heart and soul of a free market system, which happens to be competition, has thus been poisoned with a privileged banking institution’s notes being made a legal tender for all debts public and private, to the exclusion of any other medium of exchange and gives a monopolistic advantage to the few [the twelve member banks which constitution the federal reserve banking system] at the expense of the many, which happens to be America’s general population and its labor and industry who are forced to trade and conduct business transactions in federal reserve notes.
Our money changers, having been granted a government monopoly to issue federal reserve notes as a legal tender, and knowing from historical examples that an unfettered circulation of such notes to acquire the community’s real material wealth would result in rapid inflation and quickly be recognized and ended by the people, have taken their scam to a different and improved level called fractional reserve banking.
Fractional reserve banking in easily understood language is a fraudulent practice by which banks lend out more money [federal reserve notes] then they have in reserve, and then collect interest on the money they have loaned out which they never had in reserve in the first place! They do this by creating an account with bookkeeping entries for the amount of money being loaned out, and once the account is entered on the books, the recipient of the loan may write checks on that account. Keep in mind that the supply of money [federal reserve notes] is not increased under this fractional reserve banking scheme because there are only bookkeeping entries which represent the “money” loaned out, and so, there is no visual inflation of the currency noticed in the community which would occur if new money was created for each loan when the bank did not have the cash reserves to lend out. However, this fractional reserve credit system leads to unbridled speculation and a vast increase in banking transactions, including large cash withdrawals used in speculative ventures which eventually cleans out the bank’s existing cash reserves ___ reserves which cannot keep up with the speculation created by the fractional reserve credit system. This is the stage we are now in and instead of Obama identifying the fractional reserve banking fraud which is taking place and working to create an honest money system, Obama and Congress have chosen to continue the banking fraud by proposing to use tax revenue to lessen the suffering of some of those injured by a banking institution’s fraudulent practices, and may also decide to have additional federal reserve notes printed and then circulate these notes into the economy via government spending. Of course, this last method could result in rapid inflation which would rob the people still further of their savings by a devaluation of existing federal reserve notes which are already in circulation. In either case, Obama’s plan is designed to keep our bankers fractional reserve system out of the spotlight and alive along with its engine of corruption ____ federal reserve notes which have been made a legal tender for all debts, public and private in defiance of our Constitution‘s legislative intent!
Regards,
JWK
[1]
See The Debates in the Federal Convention of 1787, reported by James Madison : August 16 (http://avalon.law.yale.edu/18th_century/debates_816.asp)
Mr. READ, thought the words, if not struck out, would be as alarming as the mark of the Beast in Revelations.
Mr. LANGDON had rather reject the whole plan than retain the three words "(and emit bills")
On the motion for striking out
N. H. ay. Mas. ay. Ct ay. N. J. no. Pa. ay. Del. ay. Md. no. Va. ay. (*23) N. C. ay. S. C. ay. Geo. ay.
*23. This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.
There have been countless ways during mankind’s history in which the few steal from the many. Some have been armed robbers and steal from the community at the point of a gun. Some were slave owners and stole the property which blacks had in their labor when slavery was practiced in America. And then there are those who engage in shop lifting, burglary, pick pocketing , counterfeiting and many other ways by which they illegally acquire the wealth and property of others. But the most sophisticated of all who steal from the community are those who work hand in hand with folks in government and wrap their thievery in legislative acts which is none the less thievery when stripped of the veneer of government. These are the most corrupt and cunning of all thieves. At the top of this list are those who have historically been referred to as “money changers” and have plundered the people of countless nations and as far back as Biblical times using money schemes designed to acquire real material wealth produced by labor and industry using a worthless representation of wealth which these money changers create out of thin air.
In many instances and in our own nation’s history this worthless representation of wealth is forced to be used by the community as a medium of exchange for trade and business transactions under “legal tender laws” enacted by the money changers accomplices in government! However, during the early years of our country money changers practiced their thievery without the aid of government using the cover of a local bank. People in the community would deposit their gold and silver in these banks for safe keeping and the bank would issue a Bank Note as a receipt for the amount deposited. Eventually the bank notes would circulate as money and when a sizable amount of gold and silver was deposited in the bank for safe keeping, the bank owners would disappear in the middle of the night with the people’s gold and silver coins, leaving depositors with worthless “Wildcat Notes” (http://www.bestcoin.com/Currency-Glossary.htm), and leaving the people robbed of their savings, their businesses and industries headed for foreclosure, and those who worked for a daily wage were soon without a job, behind in their rent, and the entire community experiencing a financial upheaval, all of which are the same symptoms we now suffer!
We are in fact witnessing, under our very noses, one of the largest government sponsored banking scheme thefts in the history of mankind being carried out via the federal reserve system, and the people are unaware that they are being financially raped by these contemporary money changers with Congress’s complicity in the plunder, not to mention our president‘s helping hand in this fraud!
Incidentally, few people, especially those in our agenda driven news media, know the origin of the phrase “federal reserve banks”. During the mid 1800’s to early 1900’s federal reserve banks were known as private sector charted banks in which our government deposited gold and silver coins [our nation’s constitutionally authorized money]which was collected via taxation, i.e., federal reserve banks ___ a place to store the federal government’s money reserves in, and not a federal government agency which many people today believe federal reserve banks are.
It must be amusing for the culprits behind our nation’s current financial crisis to witness the political motivated and staged “blame game” taking place, especially coming from Representative Barney Frank’s mouth in which the other party is the cause of our economic crisis. And, it must be especially amusing for the these culprits to witness these arguments when the primary engine which feeds our nation’s economic collapse, which is “fractional reserve banking” has not even been questioned, and continues to fatten the few at the expense of the many. In fact, Obama has pointed to every imaginable thing short of hemorrhoids as a cause for our current economic misery and has avoided any discussion of the root cause of our misery ___ a fraudulent and dishonest money system which benefit’s the few at the expense of the many.
Is it possible to identify a specific cause of our nation’s financial collapse? And if so, is that cause to be found in a violation of our Constitution and its legislative intent? Is it possible that our founding fathers were aware of the kind of financial calamity we now experience, and deliberately provided constitutional restraints to preclude the cause of our existing misery? Is it possible that our only problem today is that protective measures in our Constitution are actually being subjugated by the leadership of both political parties and has set the stage for a predictable economic collapse in which the few profit from the misery of the many? The answer to all these questions are a resounding yes!
The sad truth is, a banking monopoly called the federal reserve system has been created using the force of government, and this banking monopoly’s notes have been made a legal tender for all debts public and private which is exactly what our founding fathers voted to prohibited on August 16th during the framing of our Constitution.[1] And, this private banking monopoly has in fact removed all domestic free market forces (competition), from the community in choosing an acceptable medium by which to conduct trade and business. In creating the federal reserve system, which constitutes twelve privately owned banks, notes which are issued by these banks, in defiance of our Constitution’s legislative intent, have been made a “legal tender for all debts public and private” The very heart and soul of a free market system, which happens to be competition, has thus been poisoned with a privileged banking institution’s notes being made a legal tender for all debts public and private, to the exclusion of any other medium of exchange and gives a monopolistic advantage to the few [the twelve member banks which constitution the federal reserve banking system] at the expense of the many, which happens to be America’s general population and its labor and industry who are forced to trade and conduct business transactions in federal reserve notes.
Our money changers, having been granted a government monopoly to issue federal reserve notes as a legal tender, and knowing from historical examples that an unfettered circulation of such notes to acquire the community’s real material wealth would result in rapid inflation and quickly be recognized and ended by the people, have taken their scam to a different and improved level called fractional reserve banking.
Fractional reserve banking in easily understood language is a fraudulent practice by which banks lend out more money [federal reserve notes] then they have in reserve, and then collect interest on the money they have loaned out which they never had in reserve in the first place! They do this by creating an account with bookkeeping entries for the amount of money being loaned out, and once the account is entered on the books, the recipient of the loan may write checks on that account. Keep in mind that the supply of money [federal reserve notes] is not increased under this fractional reserve banking scheme because there are only bookkeeping entries which represent the “money” loaned out, and so, there is no visual inflation of the currency noticed in the community which would occur if new money was created for each loan when the bank did not have the cash reserves to lend out. However, this fractional reserve credit system leads to unbridled speculation and a vast increase in banking transactions, including large cash withdrawals used in speculative ventures which eventually cleans out the bank’s existing cash reserves ___ reserves which cannot keep up with the speculation created by the fractional reserve credit system. This is the stage we are now in and instead of Obama identifying the fractional reserve banking fraud which is taking place and working to create an honest money system, Obama and Congress have chosen to continue the banking fraud by proposing to use tax revenue to lessen the suffering of some of those injured by a banking institution’s fraudulent practices, and may also decide to have additional federal reserve notes printed and then circulate these notes into the economy via government spending. Of course, this last method could result in rapid inflation which would rob the people still further of their savings by a devaluation of existing federal reserve notes which are already in circulation. In either case, Obama’s plan is designed to keep our bankers fractional reserve system out of the spotlight and alive along with its engine of corruption ____ federal reserve notes which have been made a legal tender for all debts, public and private in defiance of our Constitution‘s legislative intent!
Regards,
JWK
[1]
See The Debates in the Federal Convention of 1787, reported by James Madison : August 16 (http://avalon.law.yale.edu/18th_century/debates_816.asp)
Mr. READ, thought the words, if not struck out, would be as alarming as the mark of the Beast in Revelations.
Mr. LANGDON had rather reject the whole plan than retain the three words "(and emit bills")
On the motion for striking out
N. H. ay. Mas. ay. Ct ay. N. J. no. Pa. ay. Del. ay. Md. no. Va. ay. (*23) N. C. ay. S. C. ay. Geo. ay.
*23. This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.