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1913 Federal Reserve Act: Epitomizing Moment of the Modern Era For the Ultimate destruction of Europeans (Whiteness)
I. Introduction: Money and Banking in General, Usury
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“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent” ~ Dr John Kenneth Galbraith, American Economist and Presidential Adviser, Money: Whence it came, where it went(1975)
Usury is the application of interest to loans, any form of interest no matter how small or how large. We in the west have become accustomed to it, too many of us we see no problem in its use. We don’t mind paying it, even though our natural instinct tells us to look for the lowest rate possible or for none at all, and for obvious reasons. To understand Usury you have to understand money and its intended function which is not as complicated as many people think. Usury can trace its roots back to the ‘Loans of Seed Corn’ in ancient Babylon during the 3rd Millennium BC. Its effects there were as equally disastrous as they have been in modern times. Money has evolved over time out of other means of exchange from systems such as the tally stick method used in medieval times, to the barter system that has been used since the dawn of man as a means to exchange goods or labour.
Bartering can be simply explained, if I have the latest iPhone 6 and you have the latest Xbox One, and we want to trade, we could swap the goods and complete the transaction, at some point in all our lives we will more than likely have used the bartering to exchange goods.
If however you have a bag of potatoes, and want to swap for a fresh fish, and I want that bag of potatoes but I only have a hammer. I have a problem if I want to get my hands on that bag of potatoes. I then have to go and find somebody who is willing to swap me my hammer for a fresh fish. I then come back and complete the transaction so as we can both be happy. What this says is that bartering has limitations, It can be time consuming and inconvenient to both parties in some situations.
What is Money?
“Money is merely the medium of trade. It is not wealth. It is only the transportation system, as it were, by which wealth is carried from one person to another.” ~ Father Charles Coughlin (1935)
This is where money comes into play, for the reasons described above are why money has evolved in order to allow the free flow of transactions freely and quickly between people. This is why paper and coin based currency came to fruition; it evolved out of the barter method and other systems as they limit the ability to exchange our goods and labour. The primary function of money is for exchanging our goods and labour between ourselves. If I agree to do a certain amount of work for a certain amount of ‘money’ then we would contract and you would buy my labour. I could then use the money I had earned from you to go and purchase goods or further any labour that I require. In simplest terms money is a representation of our labour, with its intended function as a means for exchanging goods and labour. Money’s only value is the value placed in it by the faith of the people that use it, if that faith is taken away then they are only bits of paper and round fragments of metal. The moment interest is added to money, it changes the function of money, it becomes a tradable commodity, it is a product to be sold just as a TV is, but why? Because there is a return on the money through the application of interest. With money no longer a means for exchanging labour it becomes something else entirely. In the Bible the only time Jesus uses violence to ensure he gets his own way, is when he throws the money changers out of the temple, and to me this speaks volumes. Money changers are those responsible for changing the function of money by adding interest to it and thus making it a tradable commodity.
“Money is not Wealth but only its token, and tokens cost next to nothing to produce. So what is physically possible and socially desirable can certainly be made financially possible” ~ Major CH Douglas
To understand the use of Usury in modern times it is necessary to understand the role that banks play in its use, as they are among its primary advocate. The banks’ role in modern day money creation is one that we accept as normal, ever since the creation of the Bank of England in 1694 by William Paterson, they have owned the means with which to create our money here in the United Kingdom.
“I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.” ~ Nathan Mayer Rothschild
The Bank of England is the United Kingdom’s central bank, with each major country of the world having one. The United States has the Federal Reserve, the European Union has the European Central Bank and so on for the other countries, as they all operate almost identically and all central banks answer to one central bank that you won’t hear on the mainstream news, The Bank for International Settlements (BIS). The role of the Central Bank is to create new money and dictate interest rates that affect the economy of each country in a debt based, usury led economy. Yet, and you would be forgiven for not realising, the Bank of England in the modern day doesn’t have a sole monopoly on the creation of new money. The law here in the UK forbids the counterfeit forging of actual paper and coin money, yet it is permitted for anyone in possession of a banking licence to create new money electronically, at will.
In March 2014 this year The Bank of England issued its first quarterly report of the year, in which was titled ‘Money Creation in the Modern Economy’, the publication of which I can only put down to years of anti-bank activism and mass lobbying by opponents of the debt based usury led banking system. In the report the BoE openly admits that, quoting verbatim ‘Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money’, or in other words, when a person takes out a loan, the bank simply inputs a few numbers into the borrowers bank account of newly created imaginary money, that has never existed that it then charges interest on.
“The bank hath benefit of interest on all moneys which it creates out of nothing” ~ William Paterson, founder of the Bank of England
So not only does the Bank of England create new physical money in the economy but also commercial banks such as Santander, Barclays, Nat West. TSB and Lloyds etc. all create new money by issuing new loans, which dispels the notion that banks simply act as intermediaries when issuing loans. This is the common misconception (admitted in the BoE 2014 Quarterly Report) that banks simply store our money under the belief that we knowingly allow them to allow that money to be lent out as we are technically a creditor to the bank when we store our money in our accounts we have opened with the bank. This is Fractional Reserve Banking on steroids.
Fractional Reserve Banking and its Advocates
This is a method of money creation that the Federal Reserve Bank of the United States of America takes part in and all other central and commercial banks to certain extremes, whereby bank customers credit the bank with their hard earned money by placing it into their bank accounts for safe keeping, the bank then lends out that money in the form of loans, with the bank having to keep 10% of all deposits back as reserves for customers to be able to draw on for purchasing and everyday needs and to cover the banks should any faults occur. On top of these deposits the bank simply creates nine times the amount of money in its vaults as newly created money and lends that out at interest, as new loans also. The Federal Reserve Bank is also responsible for the creation of new money as the Bank of England is here in the UK, yet the Fed is not owned by the US Government; it’s a private company, just like a high street bank, whose board of directors and members of, have never been disclosed. The Fed creates new money for the US Government, which it exchanges for government bonds, the newly created money is loaned to the US Government with interest attached, interest which can never be paid as there is not enough money in the money supply to pay it back, as the US Government does not control money creation. This debt is passed onto the American people, and thus debt slavery.
“The Lord and Master of the money markets of the world, and of course virtually Lord and Master of everything else. He literally held the revenues of Southern Italy in pawn, and Monarchs and Ministers of all countries courted his advice and were guided by his suggestions.” ~ Benjamin Disraeli, Former British Prime Minister on Nathan Mayer Rothschild
Looking at past events regarding banking, the Fed is the third version of a central bank in the US. Back in 1811, when the Rothschild family who owned the First Bank of the United States, had found out that the charter for the bank had not been renewed by the US Government of the time, Nathan Mayer Rothschild stated that, “Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.” The Americans however stood their ground and failed to renew the charter, Rothschild again issued a threat: “Teach those impudent Americans a lesson. Bring them back to colonial status.” In 1812 the British declared war on the United States, the plan being to force the country into debt, so much so that it would have to surrender to the Rothschild family and allow the First Bank of the United States charter to be renewed. Rothschild eventually a few of years later in 1816 forced through the Second Bank of the United States with a 20 year charter, which lasted until 1936 when President Andrew Jackson succeeded in not having the bank’s charter renewed. They would have to wait until 1913 with the creation of the Federal Reserve.
Before his death in 1845 President Andrew Jackson stated his greatest achievement was,
“I killed the bank” ~ President Andrew Jackson, 1845
The Bank of England here at home, is currently owned by the UK Government, however from the day it was created in 1694 it remained in private hands until the day it was nationalised in 1946. All however is not as it seems; there are two parts to the bank, a private company registered as such that has never produced accounts and whose board members are not disclosed, and then there is the nationalised part that is also as shadowy as its private counterpart with regards to its role in money creation.
Usury, Neshek, Interest
The earliest use of Usury can be traced back to Babylon in the 3rd Millennium BC, which was where modern day Iraq is today. In Hebrew Usury translates as ‘to take a bite’, usury is the main tool for the mass consolidation of wealth and it has many forms. If you take out a bank loan here in the UK the bank will simply credit your account with new money created simply by typing a few numbers that appear in your account; you then have the loan in your account to go and spend as you please, when you repay the loan, the newly created money that is the loan disappears, leaving the only real money that has been paid by either party in the loan contract is the customer, you. Your real wealth has had a bite taken out of it by the bank, with the bank lending you money fraudulently in order to obtain your real money that you have paid in the form of paying the loan amount back plus the interest on top, which they have stolen from you by deception. Remember money is a representation of your labour, which is what gives money its perceived value.
We live in a society based on credit, and with credit comes usury. The system is constructed this way for a purpose; in a capitalist system there are booms and busts, they are cyclical and they are there by design. When crashes happen as in 2008, they are not accidental, they are enforced. During a boom just like the 1997 to 2007 period, the money supply is inflated to levels so high that money is available freely and cheaply as was the case pre-2008. Mortgages and loans are offered to anyone and everyone, even those with little or no ability to pay them back at a sustainable rate, so as result problems will occur. So as these loans begin to turn toxic those at the top start a chain reaction, namely those who control the banks, the hedge fund owners, etc. They then do the opposite to inflating the money supply, they call in the loans and contract the money supply, forcing businesses and people to lose their homes and their jobs. It is in essence a wealth grab of mass proportion. They have used the power of usury to lend out at interest then call in the loans and steal the real wealth of the people, for example a family with a mortgage fall behind on their monthly installments due to the husband losing his job as they had to make cuts to survive the crash, they then are evicted and the bank seizes the property, they in essence steal our labour and the fruits of our labour. These are cyclical events that have happened many, many times from the 1929 Wall St Crash to the Banking Collapse of 2008.
“Whoever controls the volume of money in our country, is absolute master of all industry and commerce and when you realise that the entire system is very easily controlled one way or another by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate” ~ President James Garfield
Black Wednesday, the September 16th 1992, collapse of the UK economy led by George Soros, a known Rothschild cohort, when he and other currency speculators traded currencies like products, in borrowing Pounds Sterling and selling them on for German Deutschemarks in expectation that they would be able to repay the loan in devalued currency and thus pocket the difference. The event resulted in Norman Lamont announcing a rise in interest rates of 5% in one single day, the resulting chaos drove the UK economy into recession, which lasted many years leading to businesses failing and a housing market crash. Norman Lamont, prior to becoming the Chancellor of the Exchequer, had ironically worked for NM Rothschild, a company he later rejoined in 1993 having resigned as Chancellor. Rothschild had driven up the price of shares, collapsed the economy and then bought the remains for pennies, in a classic case of usury in action.
“You’re a whore to money and then you die” ~ Richard Ashcroft, The Verve – Bittersweet Symphony
We are kept in a perpetual cycle of paying debt on many levels, whether that is personal debt or government debt; regardless, the onus is on us to pay it through our labour. For example, you take out a mortgage, you then buy a new car and you take out a phone contract. You are tied to the mortgage for 30 years, the car will take maybe 4/5 years to pay until you want a new one and then take out a new loan agreement, your phone contract will more than likely be 2 years and then it will be time to get the iPhone when that runs out. You have to work to keep the payments up. In the modern age there is less job security, insecure temporary agency work is the recruitment method of choice for this service led economy. The system keeps you in a perpetual state of fear, fear of losing your job, fear of losing your home, fear of not paying of debts which results in a visit of bailiffs to harass you and eventually take your goods in payment of unpaid debt should you fall ill or lose a job. The stress of this will eventually wear down your health.
The system is designed this way for a purpose. It only benefits the greedy fat cats at the top of the pyramid scheme we call a capitalist society, the less than 1%. They are the only ones who benefit from this system, not the small business owners, the middle class or even the certain members of the upper class; they are as much a pawn as you or I. The only ones who benefit have a collective wealth many times that of the people, they remain in the shadow, and they do not wish to be seen or heard, for that would bring attention. Who is the best criminal? The one you have never heard of.
This debt based system is based on the Jewish Shetar, it is enshrined in English Law, quoting The Georgetown Law Journal, Volume 71, Pages 1179 – 1200 – “The Shetar’s Effect on English Law – A Law of the Jews Becomes the Law of the Land”:
‘Several elements of historical Jewish legal practice have been integrated into the English legal system. Notable among these is the written credit agreement – shetar, or starr, as it appears in English documents. The basis of the shetar, or “Jewish Gage,” was a lien on all property (including realty) that has been traced as a source of the modern mortgage. Under Jewish law, the shetar permitted a creditor to proceed against all the goods and land of the defaulting debtor. Both “movable and immovable” property were subject to distraint.’
‘When incorporated into English practice, the notion from Jewish law that debts could be recovered against a loan secured by “all property, movable and immovable” was a weapon of socio-economic change that tore the fabric of feudal society and established the power of liquid wealth in place of land holding.’
In other words, in 1066, William the Conqueror brought with him Jews from France, who brought with them a refined form of Commercial Law, which instead of allowing the idea that people could pay for goods or services up front due to having the financial ability to do so with complete security. Via a credit agreement goods or services would be offered on credit, if the terms of the credit agreement were not met then goods movable or immovable would be seized in lieu of payment. Sound familiar?
Usury is the enemy’s weapon of choice as it keeps you too scared to speak out and too preoccupied paying out the fruits of labour that is paper currency, to want to learn to speak out, out of fear of losing the things that keeps us enslaved.
“The things you own. End up owning you.” ~ Tyler Durden
The Liverpool Pound
To find solutions to usury we only have to look toward our own city and it’s past. In 1793 Liverpool faced a cash flow crisis due to loans being called in in the usual manner – inflate the money supply and then call in the loans and contract the money supply and chaos ensues; the city was struggling. The Liverpool Corporation (or now known as Liverpool City Council) created £300’000 of new debt free currency that did not have to be paid back. It alleviated the crisis and was used for public works to the gratitude and relief of the people of the city. It saved the city.
On June 30, 1934, the London magazine New Britain published a statement by the Freemason and former Prime Minister David Lloyd George: “Great Britain is a slave under the international financial powers.” Yet despite the prison placed around us by the international financiers in this human slave plantation that we call the home, there are always other options, but we can only take the way out as a collective and united people. Usury has been abolished many times before, there have been many attempts by others such as President John F Kennedy, President Abraham Lincoln, Adolf Hitler (though all three are dead and one had a World War forced upon him, in order to conquer those markets again) and there are also many more.
New Zealand and the island of Guernsey are other examples. Breaking the bonds of interest and debt slavery isn’t as hard as you would think. It just takes people to get up off their fat arses and take off those shekel laden, usury chains and demand change. The benefits of a Usury-free economy are almost instantaneous.