Money. Part 4.

June 10, 2013 by Jerry Alatalo

Where are the Thomas Jeffersons and the Andrew Jacksons and the William Jennings Bryans of today? Who is willing to risk it all, including their life, to ease the suffering of every man, woman and child on this planet Earth? With the current worldwide financial crisis along with the internet, William Jennings Bryan would be unbeatable if he were running for the presidency today.

Unfortunately Bryan lost to McKinley by a small margin. Before the election workers were warned by businessmen and industrialists that if Bryan won all the plants would be closed and many jobs would be lost. If the internet was around during that time the result of the election would have been Bryan’s election. Fear helped win the election for McKinley. Bryan’s defeat in 1896 was a major victory for the big bankers; by squeezing the life out of the money system, they effectively steered the election process to their ends.

Let us look at some of the words of the bankers before the 1896 election to gain a feel for what was at stake. A bank memo in 1891 from the American Bankers Association to members:

“On September 1, 1894, we will not renew our loans under any consideration. On September 1 we will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi and thousands of them east of the Mississippi as well, at our own price… Then the farmers will become tenants as in England…”

And  a decade later from Charles Lindbergh’s 1913 book “Banking and Currency and the Money Trust” another bank memo:

“Silver, silver certificates, and treasury bonds (all government created money) must be retired and (interest bearing) national bank notes made the only money. You will at once retire one-third of your circulation (your paper money) and call in one-half your loans. Be careful to make a monetary (emergency) among your patrons, especially among influential businessmen. The future of (our debt based money system) depends upon immediate action, as there is an increasing sentiment in favor of government legal-tender notes and silver coinage.”

This is what Bryan was going up against. The effects of the bankers’ actions resulted in the failure of 500 banks and 15,000 companies. As the bankers owned most of the gold it was easy for them to create depressions. The Panic of 1893 was a bank created depression with the unfortunate unemployment, foreclosures and human suffering. As the depression continued, bankers continued buying up the foreclosed farms at pennies on the dollar.

From 1892, United States Bankers magazine:

“We must go forward cautiously and consolidate each acquired position, because already the inferior social stratum of society is giving increasing signs of agitation. Let us make use of the courts… When, through the law’s intervention, the common people shall have lost their homes, they will be easier to control and easier to govern, and they shall not be able to resist the strong hand of the government acting in accordance with… The control of the leaders of finance… We must keep the people busy with practical antagonisms. We’ll therefore speed up the question of reform (of tariffs) within the Democratic Party; and we’ll put the spotlight on the question of protection… (for) the republican party. By dividing the electorate this way, we’ll be able to have them spend their energies at struggling among themselves on questions that, for us, have no importance whatsoever.”

This was what Bryan was up against. Keep in mind there was a bank caused depression during Democratic President Grover Cleveland’s second term, 1893-1897. God only knows the manipulations of the economy which take place. Gas prices somehow seem to skyrocket in an election year. Oil profits increase dramatically while keeping the debate on anything but the most important issues of international finance. Prices rise for some unknown reason, etc. Thank God the manipulations are coming to an end.

After the panic of 1907 the bankers continued with their push for private, central bank control of the monetary system. They decried that “drastic reform is needed”. A central bank would stop the commercial banks’ cycle of boom and bust. The use of propaganda to convince Congress and the American people began as alliances emerged with the media, journalists, economists, intellectuals, historians and social scientists advocating for the central bank. In 1910 the secretive six-man meeting at J.P. Morgan’s Jekyll Island, Georgia resort took place for one week. The six men went on Morgan’s private train under assumed names for a “duck hunting” trip. Rockefeller and Morgan planned the Federal Reserve act.

Democrats won the 1910 elections and the bill was held off for a vote until it was changed in name from the Republican Aldrich bill to the Democrat Glass bill.

The year 1913 saw the landmark enactment of the Federal Reserve act, establishing the Federal Reserve banking system. At the time Minnesota republican Congressman Charles Lindbergh Sr. (1859-1924) was one the leading opponents of the act. He said during this time:

“To cause high prices, all the Federal Reserve board will do will be to lower their discount rate… Producing an expansion of credit and a rising stock market, then when… Businessmen are adjusted to these conditions, it can check… prosperity in mid-career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the interest rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money. They know in advance when to create panics to their advantage. They also know when to stop panics. Inflation and deflation work equally well for them when they control finance.”

Congressman Lindbergh also said:

“This (Federal Reserve Act) establishes the most gigantic trust on Earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized… The worst legislative crime of the ages is perpetrated by this banking and currency bill.”

The Federal Reserve act of 1913, despite objections like Congressman Lindbergh’s passed.

Woodrow Wilson signed the 1913 act into law. Wilson may have expressed regret here:

“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of our nation, therefore, and all our activities, are in the hands of a few men… Chill and check and destroy genuine economic freedom…”

From another writing Wilson said:

“We have not one or two or three, but many, established and formidable monopolies in the United States.  …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 by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

Perhaps Sigmund Freud explained the reasons why Wilson would sign the Federal Reserve act into law. Sigmund Freud heard the statement attributed to Wilson after winning the election, “Remember that God ordained that I should be the next President of the United States. Neither you or any other mortal or mortals could have prevented this.”

Freud responded:

“I do not know how to avoid the conclusion that a man who is capable of taking the illusions of religion so literally and is so sure of a special personal intimacy with the almighty is unfitted for relations with ordinary children of men.”

Whatever the motivations of Woodrow Wilson, his signing of the Federal Reserve Act of 1913 began the private banks’ control over the money supply which, at this time, has lasted 99 years. So began the cycles of boom and bust that have continued to this day where we find between the years 2000-2008, the greatest bank swindle in history.

The problem is that the Federal Reserve is accountable to no-one. It has total control of the monetary system where everything is kept in secret. In 1993 then finance committee chairman Henry Gonzalez called for full, detailed, independent audits of the Fed along with videotaping of their meetings. At the same time Gonzalez called for selection of the 12 regional bank governors be done by the President as opposed to the banks in the regions.  Bill Clinton opposed, saying: “…would undermine market confidence.” How would market/public confidence be undermined?

The Federal Reserve is an absolute oligarchy. Fed chair Greenspan said, “…that any changes would weaken the Fed’s ability to control inflation. The public needs absolute control by the Fed to control inflation. …makes it harder to control inflation if President appoints…”

Although the bankers call themselves the “fiercest of inflation hawks…” the truth is that they are the cause of inflation. The fractional reserve banking system increases the money supply through banks creating money out of thin air. Let us say that hometown bank has $10,000,000 in deposits and it has a 10% reserve requirement. They then can loan ten times their deposits or $100,000,000. This is how money comes to be created; as debt. Increase in the money supply causes inflation. Banks earn their profits from interest payments on loans, credit cards etc. So why would they want to slow inflation by lowering their lending?

Fractional reserve banking could almost be called counterfeiting. The original counterfeiters (owners of the banks) would gain the most as they are the first recipients. Then a decreasing gain goes to retailers, to a decreasing gain down the line, to the least gain for those at the end of the money line (the average citizen). Inflation hits the hardest on those with the least. Part of the blame for inflation is on speculators and wild spenders; part of the blame is on the central banks responsible for inflation and rising prices.

The fractional reserve system is fraudulent. All of society and the economies of countries around the world suffer harm. Inflation results in devastating booms and busts. Everything economic is “great” as the boom/bubble expands. People see their 401k accounts and pensions increase. Then the inevitable bursting of the bubble and everything is not so great anymore. The banks call in loans, the money supply is contracted, credit becomes tighter and recessions are the result.

The present Federal Reserve system is nothing more than a financial cartel. Through history the financial élite have spent enormous sums to first gain control of the monetary system and second to keep that control. The interests of the Federal Reserve are not of the public, but for the financial interests of those involved in the financial industry and corporations. The Fed has a monopoly on the issue of bank notes. It buys assets and prints legal tender.

Say it buys $1 billion in U.S. Government bonds from Goldman-Sachs. The Fed writes a check for $1 billion to Goldman-Sachs and Goldman-Sachs deposits the check. Where did the Fed’s $1 billion come from? It was magically created out of thin air. One billion dollars has now been added to the money supply, Goldman-Sachs’ bank can now lend $10 billion out to customers under the fractional reserve system. So $11 billion, in this example, has been added to the money supply. The Fed is the so-called lender of last resort; it has the power to print money if the public demands cash from insolvent banks. If it buys assets the money supply increases; if it sells assets the money supply shrinks.

We cannot rely on the Federal Reserve to stop inflation; their actions always result in inflation along with ever more intense, damaging booms and busts. The Federal Reserve is in total control of the economy and it serves the rich élite. It can instigate recessions and depressions, thereby keeping unemployment levels up. Did anyone notice at the end of the George Bush term where Bush, Hank Paulson and Ben Bernanke were everywhere on the media saying that unless Congress bailed out the banks the economy would collapse?

Those with only a minimum of economic knowledge would never have advertised such negative economic news to the entire world. We saw the results of that world-wide negative news with the choices of the people to slow their spending which made the economic conditions even worse. It makes you wonder if the advertising of the negative news was intentional.

Nationalize the Federal Reserve. Remove the power of the banks to create money by ending the fractional reserve system. Go to 100% reserve requirements. Money should be controlled by the people and created by the government through infrastructure spending. Set up a monetary authority to watch inflation by controlling the money supply. Increase the money supply through expenditures on health care, education and infrastructure improvements. Take the power to control the quantity of the money supply away from private interests who only use that control to help private interests. There is no need for any type of gold or silver or any other metallic standard. Fiat money is not the problem; the real problem lies in the private control and creation of fiat money.

Banks will get their money/deposits as the government spends that money into circulation. The financial élite will oppose any effort to pass laws which restrict them in any way. They will oppose any type of regulations which prohibit them their freedom to commit frauds. They will say that if you do what the markets want that you will get your rewards. If you do what the markets do not want you will suffer. Can anyone reading these words not see where the present monetary system has led?

It has led to a worldwide economic disaster. Change is long overdue. The present financial system with its complex products such as credit default swaps, derivatives and the like is a predatory one. Those economists who defend this predatory system receive their paychecks from these same predators. Small, ineffective tweaks which fix nothing are what they suggest. The power of this predatory system, now in the hands of the predators that run it, has to be taken away.

The United States of America has to reform its monetary policy now. The country’s citizens deserve a system which has sound banking practices without the tremendous fraud and criminality now practiced. It is impossible to do a worse job with monetary policy than the private banks have done. People will say that the government taking control of the nation’s money supply would be socialism.

Talk to the members of the armed services, police and fire agencies along with teachers about socialism. These men and women perform essential services for our citizens. Those who would work at the government monetary office would perform essential services as well. They would not go into this work so as to make a killing and buy a jet and ten vacation homes. They would be doing a valuable service to not only their country’s citizens but the citizens of the world as well.

Those who cry socialism are using scare tactics so as to keep their monopoly power. Do not allow propaganda from the financial elites to stop you from seriously considering what is at stake here. The private banks bailouts to cover their frauds and gambling of epic proportions were given to those who engaged in massive criminality. This is fact. The top 25 banks on this planet have brought down the entire world. The stakes could not be higher. The citizens of other countries cannot believe how uninformed our citizens are. The American people must look and act on these issues with the same Spirit that those Americans in 1776 exhibited when they threw off the economic slavery of England.

Americans must gather the courage to demand no less than the passage of laws which establish a monetary reform which helps our citizens and humanity. Monetary reform is of the utmost importance; there is no more important issue facing humanity. Those who want to keep the present system will use psychological warfare by saying things like, “government is too corrupt” and “nothing you can do will matter.”

The financial elites are aware of the cause of these problems. The present monetary system contains the evils of greed and lack of concern for humanity. The American people must face these evils and defeat them. It is long past the time that the American people and the rest of humanity are given respect and treated with decency.

The people of America and the world must become very informed and very active. Under the present monetary systems of the majority of the world’s countries, all money is a pyramid of debt. These problems are political, societal and moral. All money that comes into circulation within the current monetary system is birthed as debt.

Inventor Thomas Edison (1847-1931) said in 1921:

“If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, whereas the currency pays nobody but those who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds and not make $30 million in currency. Both are promises to pay but one promise fattens the usurers and the other helps the people.”

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Money. Part 3.

William Jennings Bryan, 1860-1925
William Jennings Bryan, 1860-1925 (Photo credit: Wikipedia)

June 9, 2013

by Jerry Alatalo

We move forward to 1861 and the 16th President Abraham Lincoln. France stationed troops in Mexico and England stationed them in Canada. The American civil war was about to begin with France and England ready to feed on the remains. Lincoln had been forced into war by the financial houses of Europe. The European financial houses’ plan was to split the United States in two. Divide and conquer.

President Lincoln went to the New York banks for loans to fight the war. The New York banks offered deals for loans with interest rates ranging from 24-36%. Lincoln walked away dejected. Congressman E.G. Spaulding, in a speech to Congress, said in 1862:

“Why then should we go into Wall Street, State Street, Chestnut Street, or any other street, begging for money? Their money (private banks) is not as secure as government money… I am unwilling that this government should be left in the hands of any class of men, bankers or moneylenders, however respectable or patriotic they may be. The government is much stronger than any of them.”

But then President Lincoln decided the government would print $450,000,000 worth of “greenbacks” which the government proceeded to do. These were United States notes; all created with no interest for the federal government to have to pay to anyone. Debt-free money which Lincoln successfully used to pay the troops, buy supplies etc. The New York banks wanted to charge the high interest rates to the government for the financing of the civil war. The government found the solution with the printing of the greenbacks.

In 1902 M.I.T. Economics Professor David Rich Dewey wrote on the greenbacks:

“The underlying idea in the greenback philosophy… Is that the issue of currency is a function of the government, a sovereign right which ought not to be delegated to corporations.”

A sovereign right?… The definition of sovereign: (n, 1. One that exercises supreme, permanent authority, especially in a nation or other governmental unit). Folks, there would be no national debt if the United States government and people had chosen to issue their own currency from the beginning. All countries on Earth would have no national debt if the governments and the people of each country had chosen to issue their own currency from their beginnings.

To illustrate the international nature of the monetary issue, Lincoln found an ally in Russia. Alexander II, Tsar of Russia (1855-1881) was having his own problems with the banks of Rothschild. The Rothschilds wanted to set up central banks in Russia. Alexander II refused them. The Tsar delivered orders to the effect that if England or France intervened in the American civil war for the southern state that Russia would consider the actions a declaration of war on Russia and would side with President Lincoln. The Tsar sent a fleet to America to show he was not bluffing.

In 1865, very near to the time when the civil war ended, President Lincoln died the victim of assassination. He was 56 years old. Can we imagine what more this great leader could have accomplished if not gunned down? Can we fathom a guess for the motive? It is one of the great mysteries of life when those who make the greatest effort to help their fellow-man get killed for their efforts.

The American people were getting accustomed to the use of the “greenbacks”, the debt-free money which President Lincoln initiated. In 1866 after Lincoln’s assassination a money contraction began and Congress began taking the “greenbacks” out of circulation. There then began a series of recessions.

Here is a quote from the 1980 “The Truth in Money Book” by Theodore Thoren. It reads:

“The hard times which occurred after the civil war could have been avoided if the greenback legislation had continued as President Lincoln had intended. Instead there was a series of “money panics”, what we call recessions-which put pressure on Congress to enact legislation to place the banking system under centralized control”.

We move on to the year 1873 and what monetary experts call the Crime of 1873. Around the year of 1873 silver had been removed as a form of money. The American people were angry about this and riots resulted. Minnesota Congressman Charles Lindbergh wrote a book in 1913 titled Banking and Currency and the Money Trust. It deals with the bankers of 1873 efforts to stop the return of the greenbacks. The following excerpt from Lindbergh’s book is a 1877 letter by James Buel, then secretary of the American Bankers Association, to the country’s association bankers.

The excerpt reads (Buel to member bankers):

“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… To repeal the act creating banknotes, or to restore to circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders… See your Congressman at once and engage him to support our interests that we may control legislation.”

Today’s equivalent would be the internal e-mail. Lindbergh’s writing is very revealing.

Whoever controls the quantity of money… How about the United States sovereign government for a change; debt free with no interest for a change? How about the end of national debt for a change? Our guess is that you answered the previous three questions with a yes. It is coming. Do not doubt. Given the economic crisis of the late 2000’s, there are increasing calls from the public for change. Folks simply know in their guts that there is something crooked going on in the financial sector of this country as well as the entire world.

The next period of American history we will look at is during the years 1880-1900. We will begin with William Jennings Bryan (1860-1925), a Nebraska Congressman, free silver advocate and three-time Presidential candidate. He was widely known as “the lion of the free silver movement”. His speech at the Democratic convention in Chicago in 1896 titled “Crown of Thorns, Cross of Gold” is considered by many political scientists as the most powerful political speech ever delivered. The following is the full text of William Jennings Bryan’s powerful convention speech of 1896. The speech propelled him to the Democratic nomination for President of the United States at the age of 36.

The Democratic Party in 1896 had its gold proponents and its silver proponents. A majority of the delegates to the 1896 Democratic convention were proponents of silver. Up to the point where Bryan delivered his famous speech no-one had effectively spoken for the silver cause, which the delegation overwhelmingly supported. The silver men knew they would be victorious in this fight. They just needed someone to tell them and the gold men why they must put silver at the heart of the platform. Before Bryan took the podium the pump was not just primed, but ready for an explosion. There was the highest form of anticipation in the convention hall as Bryan stepped up to the podium…

What follows is the most famous speech in American political history. William Jennings Bryan on July 9, 1896 at the Democratic national convention in Chicago.

The Cross of Gold.

“It would be presumptuous, indeed, to present myself against the distinguished gentlemen to whom you have listened if this were but a measuring of ability; but this is not a contest among persons. The humblest citizen in all the land when clad in the armor of a righteous cause is stronger than all the whole hosts of error that they can bring. I come to speak to you in the defense of a cause as Holy as the cause of liberty-the cause of humanity. When this debate is concluded, a motion will be made to lay upon the table the resolution offered in commendation of the administration and also the resolution in condemnation of the administration. I shall object to bringing this question down to a level of persons. The individual is but an atom; he is born, he acts, he dies; but principles are eternal; and this has been a contest of principle…”

“…Never before in the history of this country has there been witnessed such a contest as that through which we have passed. Never before in the history of American politics has a great issue been fought out as this issue has been by the voters themselves…”

“…On the 4th of March, 1895, a few democrats, most of them members of Congress, issued an address to the democrats of the nation asserting that the money question was the paramount issue of the hour; asserting also the right of a majority of the Democratic party to control the position of the party on this paramount issue; concluding with the request that all believers in the free coinage of silver in the Democratic party should organize and take charge of and control the policy of the Democratic party…”

“…Three months later, at Memphis, an organization was perfected, and the silver democrats went forth openly and boldly and courageously proclaiming their belief and declaring that if successful they would crystallize in a platform the declaration which they had made; and then  began the conflict with a zeal approaching the zeal which inspired the crusaders who followed Peter the Hermit. Our silver democrats went forth from victory to victory, until they are assembled now, not to discuss, not to debate, but to enter up the judgment rendered by the plain people of this country…”

“…But in this contest, brother has been arrayed against brother, and father against son. The warmest ties of Love and acquaintance and association have been disregarded. Old leaders have been cast aside when they refused to give expression to the sentiments of those whom they would lead, and new leaders have sprung up to give direction to this cause of freedom. Thus has the contest been waged, and we have assembled here under as binding and solemn instructions as were ever fastened upon the representatives of a people…”

“…We do not come as individuals. Why, as individuals we might have been glad to compliment the gentleman from New York [Senator Hill], but we knew that the people for whom we speak would never be willing to put him in a position where he could thwart the will of the Democratic party. I say it was not a question of persons; it was a question of principle; and it is not with gladness my friends, that we find ourselves brought into conflict with those who are now arrayed on the other side. The gentleman who just preceded me [Governor Russell] spoke of the old state of Massachusetts. Let me assure him that not one person in all this convention entertains the least hostility to the people of the state of Massachusetts…”

“…But we stand here representing people who are the equals before the law of the largest cities in the state of Massachusetts. When you come before us and tell us that we shall disturb your business interests, we reply that you have disturbed our business interests by your action. We say to you that you have made too limited in its application the definition of a businessman…”

“…The man who is employed for wages is as much a businessman as his employer. The attorney in a country town is as much a businessman as the corporation counsel in a great metropolis. The merchant at the crossroads street is as much a businessman as the merchant of New York. The farmer who goes forth in the morning and toils all day, begins in the spring and toils all summer, and by the application of brain and muscle to the natural resources of this country creates wealth, is as much a businessman as the man who goes upon the board of trade and bets upon the price of grain. The miners who go 1,000 feet into the Earth or climb 2,000 feet upon the cliffs and bring forth from their hiding places the precious metals to be poured in the channels of trade are as much businessman as the few financial magnates who in a backroom corner the money of the world…”

“…We come to speak for this broader class of businessmen. Ah, my friends, we say not one word against those who live upon the Atlantic coast; but those hardy pioneers who braved all the dangers of the wilderness, who have made the desert to blossom as the rose-those pioneers away out there, rearing their children near to nature’s heart, where they can mingle their voices with the voices of the birds-out there where they have erected schoolhouses for the education of their children and churches where they praise their Creator, and the cemeteries where sleep the ashes of their dead-are as deserving of the consideration of this party as any people in this country…”

“…It is for these that we speak. We do not come as aggressors. Our war is not a war of conquest. We are fighting in the defense of our homes, our families, and posterity. We have petitioned, and our petitions have been scorned. We have entreated, and our entreaties have been disregarded. We have begged, and they have mocked when our calamity came. We beg no longer; we entreat no more; we petition no more. We defy them! The gentleman from Wisconsin has said he fears a Robespierre. My friend, in this land of the free you need fear no tyrant who will spring up from among the people. What we need is an Andrew Jackson to stand as Jackson stood, against the encroachments of aggregated wealth…”

“…They say that this platform was made to catch votes. We reply to them that changing conditions make new issues; that the principles upon which rest democracy are as everlasting as the hills; but that they must be applied to new conditions as they arise. Conditions have arisen and we are attempting to meet those conditions. They tell us that the income tax ought not to be brought in here; that is not a new idea. They criticize us for our criticism of the Supreme Court of the United States. My friends, we have made no criticism. We have simply called attention to what you know. If you want criticisms, read the dissenting opinions of the court. That will give you criticisms…”

“…They say we passed an unconstitutional law. I deny it. The income tax was not unconstitutional when it was passed. It was not unconstitutional when it went before the Supreme Court for the first time. It did not become unconstitutional until one judge changed his mind; and we cannot be expected to know when a judge will change his mind. The income tax is a just law. It simply intends to put the burdens of government justly upon the backs of the people. I am in favor of an income tax. When I find a man who is not willing to pay his fair share of the burden of the government which protects him, I find a man who is unworthy to enjoy the blessings of a government like ours…”

“…He says that we are opposing the national bank currency. It is true. If you will read what Thomas Benton said, you will find that he said that in searching history he could find but one parallel for Andrew Jackson. That was Cicero, who destroyed the conspiracies of Cataline and saved Rome. He did for Rome what Jackson did when he destroyed the bank conspiracy and saved America. We say in our platform that we believe that the right to coin money and issue money is a function of government. We believe it. We believe it is a part of sovereignty and can no more with safety be delegated to private individuals than can the power to make penal statutes or levy laws for taxation…”

“…Mr. Jefferson, who was once regarded as good Democratic authority, seems to have a different opinion from the gentleman who has addressed us on the part of the minority. Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should get out of the governing business…”

“…They complain about the plank which declares against the life tenure in office. They have tried to strain it to mean that which it does not mean. What we oppose in that plank is the life tenure that is being built up in Washington which establishes an office-holding class and excludes from participation in the benefits the humbler members of our society. Let me call attention to two or three great things. The gentleman from New York says that he will propose an amendment providing that this change in our law shall not effect contracts which, according to the present laws, are made payable in gold…”

“…If he means to say that we cannot change our monetary system without protecting those who have loaned money before the change was made, I want to ask him where, in law or in morals, he can find authority for not protecting the debtors when the Act of 1873 was passed when he now insists that we must protect the creditor. He says he also wants to amend this platform so as to provide that if we fail to maintain the parity within a year that we will then suspend the coinage of silver. We reply that when we advocate a thing which we believe will be successful we are not compelled to raise a doubt as to our own sincerity by trying to show what we will do if we are wrong…”

“…I ask him, if he will apply his logic to us, why he does not apply it to himself? He says that he wants this country to secure an international agreement. Why doesn’t he tell us what he is going to do if they fail to secure an international agreement? There is more reason for him to do that than for us to expect to fail to maintain the parity. They have tried for thirty years-thirty years-to secure an international agreement, and those who are waiting for it most patiently who don’t want it at all…”

“…Now, my friends, let me come to the great paramount issue. If they ask us here why it is we say more on the money question than we say upon the tariff question, I reply that if protection has slain its thousands the gold standard has slain its tens of thousands. If they ask us why we did not embody all these things in our platform which we believe, we reply to them that when we have restored the money of the constitution, all other necessary reforms will be possible, and that until that is done there is no reform that can be accomplished…”

“…Why is it that within three months such a change has come over the sentiments of the country? Three months ago, when it was confidently asserted that those who believed in the gold standard would frame our platforms and nominate our candidates, even the advocates of the gold standard did not think that we could elect a President; but they had good reasons for the suspicion, because there is scarcely a state here today asking for the gold standard that is not within the absolute control of the republican party…”

“…But note the change. Mr. McKinley was nominated at St. Louis upon a platform that declared for the maintenance of the gold standard until it should be changed into bimetallism by an international agreement. Mr. McKinley was the most popular man among the republicans; and everybody three months ago in the republican party prophesied his election. How is it today? Why, that man who used to boast that he looked like Napoleon, that man shudders today when he thinks that he was nominated on the anniversary of the battle of Waterloo. Not only that, but as he listens he can hear with ever increasing distinctness the sound of the waves as they beat upon the lonely shores of St. Helena…”

“…Why this change? Ah, my friends, is not the change evident to anyone who will look at the matter? It is because no private character, however pure, no personal popularity, however great, can protect from the avenging wrath of an indignant people the man who will either declare that he is in favor of fastening the gold standard upon this people, or who is willing to surrender the right of self-government and place legislative control in the hands of foreign potentates and powers…”

“…We go forward confident that we shall win. Why? Because upon the paramount issue in this campaign there is not a spot of ground upon which the enemy will dare to challenge battle. Why, if they tell us that the gold standard is a good thing, we point to their platform and tell them that their platform pledges the party to get rid of a gold standard and substitute bimetallism. If the gold standard is a good thing, why try to get rid of it? If the gold standard, and I might call your attention to the fact that some of the very people who are in this convention today and tell you that we ought to declare in favor of international bimetallism and thereby declare that the gold standard is wrong and that the principles of bimetallism are better-these very people four months ago were open and avowed advocates of the gold standard and telling us that we could not legislate two metals together even with all the world…”

“…I want to suggest this truth, that if the gold standard is a good thing we ought to declare in favor of its retention and not in favor of abandoning it; and if the gold standard is a bad thing, why should we wait until some other nations are willing to help us let it go? Here is the line of battle. We care not upon which issue they force the fight. We are prepared to meet them on either issue or on both. If they tell us that the gold standard is the standard of civilization, we reply to them that this, the most enlightened of all nations of the Earth, has never declared for a gold standard, and both the parties this year are declaring against it…”

“…If the gold standard is the standard of civilization, why, my friends, should we not have it? So if they come to meet us on that, we can present the history of our nation. More than that, we can tell them this, that they will search the pages of history in vain to find a single instance in which the common people of any land ever declared themselves in favor of a gold standard. They can find where the holders of fixed investments have…”

“…Mr. Carlisle said in 1878 that this was a struggle between the idle holders of idle capital and the struggling masses who produce the wealth and pay the taxes of the country; and my friends, it is simply a question that we shall decide upon which side shall the Democratic party fight; upon the side of the idle holders of idle capital or upon the side of the struggling masses? That is the question that the party must answer first; and then it must be answered by each individual hereafter. The sympathies of the Democratic Party, as described by the platform, are on the side of the struggling masses, who have ever been the foundation of the Democratic party. There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea has been that if you legislate to make the masses prosperous their prosperity will find its way up and through every class that rests upon it…”

“…You come to us and tell us that the great cities are in favor of the gold standard. I tell you that the great cities rest upon these broad and fertile prairies. Burn down your cities and leave your farms, and your cities will spring up again as if by magic. But destroy our farms and the grass will grow in the streets of every city in the country. My friends, we shall declare that this nation is able to legislate for its own people on every question without waiting for the aid or consent of any other nation on Earth, and upon that issue we expect to carry every single state in the union…”

“…I shall not slander the fair state of Massachusetts nor the state of New York by saying that when citizens are confronted with the proposition, ‘Is this nation able to attend to its own business?’-I will not slander either one by saying that the people of those States will declare our helpless impotency as a nation to attend to our own business. It is the issue of 1776 over again. Our ancestors, when but three million, had the courage to declare their political independence of every other nation upon Earth. Shall we, their descendants, when we have grown to seventy million, declare that we are less independent than our forefathers? No, my friends, it will never be the judgment of this people. Therefore, we care not upon what lines the battle is fought. If they say bimetallism is good but we cannot have it till some nation helps us, we reply that, instead of having a gold standard because England has, we shall restore bimetallism, and then let England have bimetallism because the United States has…”

“…If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a Cross of Gold!”

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Money. Part 2.

Benjamin Franklin, John Adams and Thomas Jeffe...
Benjamin Franklin, John Adams and Thomas Jefferson writing the Declaration of independence (1776) were all of British descent. (Photo credit: Wikipedia)

by Jerry Alatalo

June 8, 2013

Alabama representative Howard Milford wrote “the American Plutocracy” in 1895. An excerpt reads:

“Without the use of either gold or silver, Rome became mistress of the commerce of the world. Her people were the bravest, the most prosperous, the most happy, for they knew no grinding poverty. Her money was issued directly to the people, and was composed of a cheap material-copper and brass-based alone upon the faith and credit of the nation. With this abundant money supply she built her magnificent courts and temples. She distributed her lands among the people in small holdings, and wealth poured into the coffers of Rome…”

How things changed. Julius Caesar changed the monetary system after that, when he brought in the gold money for the very rich. Caesar was killed by assassination, the copper/brass money was removed from circulation and a depression was the result.

So the monetary system battles go back a very long way.

Around the year 1100 A.D. the bankers were the goldsmiths. If they chose to make the gold money plentiful, the economy was good. If they chose to make the gold money scarce, the inevitable depression would occur with the goldsmiths able to buy up the people’s assets for pennies on the dollar.

Yes the monetary system battles go back a very long way.

At this point we make a personal observation. As we mentioned earlier, we pray that this information in no way hurts you. It is information which could obviously be the source of discouragement and depression. But fear not. The changes are on the way. This unfortunate monetary situation the world’s people are struggling with is in the process of being changed and soon.

The bank of England began in 1694 and the bankers asserted their control through the manipulating of England’s money measure. One of the members of the bank of England William Paterson (1658-1719):

“The bank hath benefit of interest on all monies which it creates out of nothing.”

What a straight ahead statement that was. The bank lent the English government the money for their wars to the point where 75% of English tax revenues were for interest payments on war bonds. It seems war is good and earns a tidy profit, for those who lend money to the governments who fight them. The only word that comes to mind is hideous.

Citizens and nations became more and more indebted to banks as things went from bad to worse.

The war of independence in America was all about money and who controls its creation. The colonists were determined to break free from the private banks of England. Why does it seem that none of us came across this fact of America’s war for independence in any of our history books?

Benjamin Franklin said the following:

Experience, more prevalent than all the logic in the world, has fully convinced us all, that it (paper money issued directly by government) has been, and is now of the greatest advantages to the country.”

The government having no interest to pay to anyone is the crux of the matter.

So in the year 1764 Britain’s parliament passed a law where taxes needed to be paid with gold backed money. This did not sit well with the colonists. Americans were angry and did everything they could to get around England’s gold-backed monetary system. Americans were in a situation where they were forced to buy everything using only England’s gold-backed money. Revolution began in 1775.

How many of us are aware that the American war of independence was over the control of the monetary system. Did anyone read about this in their American history books?

One more war in the long line of wars fought over money, power, natural resources and control. Wars with their killing, maiming and incalculable negative consequences. If only the human race could have learned the golden rule, “do unto others as you would have done unto you” hundreds of years ago there would be no need for these writings. Unfortunately these writings are necessary even though the human race is experiencing a rise in consciousness at this time. The word must go out for every man, woman and child on Earth to experience the same rise in spiritual consciousness.

The First Bank of the United States came in 1782 and eventually got a twenty year charter to control  the money supply for the nation.

Thomas Jefferson said:

“I wish it were possible to obtain a single amendment to our constitution… taking from the federal government the power of borrowing.”

Jefferson also said:

“This institution (private-owned central banks) is one of the most deadly hostility against the principles of our constitution… Suppose a series of emergencies should occur… An institution like this… In a critical moment might overthrow the government.”

Jefferson said the following words in 1815 which drives the point firmly home:

“The treasury, lacking confidence in the country, delivered itself bound hand and foot to bold and bankrupt adventurers and bankers pretending to have money, whom it could have crushed at any moment… These jugglers were at the feet of government. For it was not any confidence in their frothy bubbles, but the lack of all other money, which induced people to take their paper… We are now without any common measure of value of property, and private fortunes are up or down at the will of the worst of our citizens… As little seems to be known of the principles of political economy as if nothing had ever been written or practiced on the subject.”

Think about these, Thomas Jefferson’s words, deeply, as the current Federal Reserve bank‘s charter comes up for renewal in the year 2013. We are going to make this prediction. We believe the prediction will come true. The American people will come to a full awareness of how important this issue is, that monetary reform will be the only choice without alternative.

We will take a look at some words of second President John Adams (1735-1826):

“All the perplexities, confusion and distress in America rise, not from defects in their constitution or confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation.”

Adams’ quote points to the need for all Americans to become informed on monetary policy and the immediate need for monetary reform.

Thank God that once the American people become informed on monetary policy they will adopt the spirit that during the revolutionary war George Washington conveyed when addressing his troops in 1776:

“The fate of unborn millions will now depend, under God, on the courage and conduct of this army… We have, therefore, to resolve to conquer or die.”

This spirit will be essential in the winning of this last war to defeat debt slavery on this planet once and for all.

The model to follow would be that which Mahatma Gandhi utilized in the successful struggle for India’s independence. That model is non-violence.

Private central banks gained a twenty year charter in 1791 to issue the nation’s currency. In 1811 the twenty year charter was up for renewal. In no uncertain terms England threatened war if the renewal was not successful. The charter was not renewed. Five months later the War of 1812 began.

Jefferson had it right. Congress and only Congress can issue the nation’s currency at no interest to anyone.

Jefferson said:

“And 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 large-scale.”

In 1816 the banks were back in control. Jefferson said:

“The treasury, lacking confidence in the country, delivered itself bound hand and foot to bold and bankrupt… bankers pretending to have money, whom it could have crushed at any moment…”

Despite Jefferson a new twenty year charter was given to the 2nd Bank of the United States in 1816. The English debt-money system was back in place

History moves on to 1832 and an American hero Andrew Jackson. Andrew Jackson ran for the presidency in 1832 with his campaign slogan being “Jackson and no bank”. He made up his mind to rid the country of the private, debt-based banks along with their control of the issuing of currency. We will include a number of President Jackson’s quotes at this point as he was among those who most strongly fought the élite. During his office a charter passed in Congress which Jackson vetoed.

Jackson stated in 1832:

“It is maintained by some that the bank is a means of executing the constitutional power ‘to coin money and regulate the value thereof’… Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional.”

In 1835 after removing government deposits from Rothschild banks an assassination attempt on Jackson was unsuccessful. Jackson claimed banking interests were responsible for the attempt.

The bankers threatened a depression unless Jackson’s veto was reversed. Nicholas Biddle, head of the 2nd Bank of the United States, then undertook a series of actions which contracted the money supply. Biddle made good on his promise. The money supply was intentionally restricted and a deep depression ensued with the American people suffering from the typical, bank-induced, pain of unemployment, foreclosures and loss of assets to those ready to buy up for pennies on the dollar.

President Jackson’s words in reply show a righteous indignation almost invisible in today’s Washington:

“You are a den of vipers! I intend to rout (n. an overwhelming defeat) you out, and by the eternal God I will rout you out!”

Fortunately for those of that time period the newspapers sided with President Jackson and the bank was not re-chartered. President Jackson succeeded in throwing the financial élite owned central bank out of America.

President Jackson was one of the few American Presidents who attempted and succeeded in returning the power to control the money supply measure to the people within the government.

Jackson, in his 1837 farewell address said:

“…The mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining… And unless you become more watchful in your States and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of government have been given or bartered away, and the control of your dearest interests have been passed into the hands of these corporations.”

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Money. Part 1.

Various Federal Reserve Notes, c.1995. Only th...
Various Federal Reserve Notes, c.1995. Only the designs of the $1 and $2 (the latter not pictured) are still in print. (Photo credit: Wikipedia)

June 7, 2013 by Jerry Alatalo 

All we can say to you is oh my god when beginning this section on money and the printing of currencies by private banks around planet Earth. For those of you reading this that have an understanding of the international monetary system and how it operates, the oh my god moment has already occurred. For those of you reading this who have yet to gain an understanding of the monetary system, you will be experiencing the oh my god moment as well.

Understanding the way money comes into circulation and by whom is of the highest urgency at this time in human history. It cannot be stressed strongly enough just how important this issue is to every man, woman and child on this planet Earth now. Genetically modified food and the world’s financial systems are the most important issues that humanity must deal with at this time. Let me repeat this so you understand totally: there are no more important issues.

Everyone on this planet must become aware of both the historical and present realities of this worldwide monetary system. If you are aware of the realities you must do something to change them. When you become aware of these realities you must do something to change them. There is no choice but that the changes must be made. Change must come and soon. You can rest assured change will come and soon.

The state of affairs of the international financial situation has reached the point where it simply has become untenable (untenable adj. 1. being such that defense or maintenance is impossible). The damage that humanity has incurred has been incalculable. The damage done has been simply beyond comprehension. The damage done has reached such a high level that it is for all practical purposes inevitable that awareness on this issue will become the most important story on Earth.

Thank  the Creator that the change is coming and that the arrival of this change is at hand.

Banker Mayer Amschel Rothschild said in 1790:

“Let me issue and control a nation’s money and I care not who writes the laws.”

If you ask most people what is the Federal Reserve the typical response would be something like “Oh, that’s the part of the government that prints the money” or “they’re in Washington; they print the money.” Most people believe that the Federal Reserve system is a branch of the United States government. Most believe the Federal Reserve is a public hence non-profit institution. Those of you who have not yet had your oh my god moment, understand. The Federal Reserve is not a branch of the United States government. The Federal Reserve system is a system of privately owned banks. Private; not public. For-profit; not non-profit.

This is the first fact that you must understand.

We will take the journey into this slowly. We will come to the end of this journey well aware of the gravity of the situation for human beings everywhere. Take your time. What we are trying to do here is increase your awareness to the point where action is not just necessary, but demanded. We pray that the following information will not hurt you in any way. The information describes the reality which we as humanity are living and experiencing at this time.

Let us begin our journey with some general thoughts from history about money. We will look at words from historical figures. There has been a kind of war going on for hundreds of years between private bankers and those opposed to them. The central reason for this war has been (and is) who will control the issue of the currency. The battles have been fought (and are now being fought) throughout the centuries in almost every country on Earth. Let us look at some historical quotes and thoughts to get a feel and start the discussion.

Anacreon (568-478 B.C.) Greek lyric poet:

“Cursed he be above all others who is enslaved by love of money. Money takes the place of brothers, money takes the place of parents, money brings us to war and slaughter.”

Sophocles (496-406 B.C.) Greek tragic poet:

“Of all the foul growths current in the world, the worst is money. Money drives men from home, plunders proud cities, and perverts honest minds to shameful practice, godlessness and crime.”

Socrates (470-399 B.C.) Greek stonemason, general, philosopher:

“Are you not ashamed of heaping up in the greatest amount of money and honor and reputation, and caring so little about wisdom and truth and the greatest improvement of the soul, which you never regard or heed at all?’

Diogenes (400-325 B.C.) Greek philosopher:

“Love of money is the mother of all evils.”

Aristotle (384-322 B.C.) Greek philosopher:

“Money was intended to be used in exchange, but not to increase at interest, which means the birth of money from money, is applied to the breeding of money… Of all modes of getting wealth this is the most unnatural.”

Terence (190-159 B.C.) Latin playwright:

“How unjust it is, that they who have but little should be always adding something to the wealth of the rich.”

Francis Bacon (1561-1626) English essayist, philosopher:

“Above all things, good policy is to be used that the treasure and monies in state be not gathered into few hands… And money is like muck, no good except it be spread.”

Thomas Fuller (1654-1734) English clerk:

“The pleasures of the rich are bought with the tears of the poor.”

Voltaire (1694-1778) French philosopher:

“In general, the art of government consists in taking as much money as possible from one class of citizens and to give it to the other.”

John C. Calhoun (1782-1850) American Statesman:

“A power has risen up in the government greater than the people themselves, consisting of many, and various, and powerful interests, combined into one mass, and held together by the cohesive power of the vast surplus in the banks.”

Washington Irving (1783-1859) American writer:

“Almighty dollar.”

George Bernard Shaw (1856-1950) Irish dramatist:

“The seven deadly sins; food, clothing, firing, rent, taxes, respectability and children. Nothing can lift these seven millstones from man’s neck but money; and the spirit cannot soar until the millstones are lifted.”

André Suares (1868-1948) French writer:

“As one wages war with the blood of others so one makes a fortune with the money of others.”

Woodrow Wilson (1856-1924) American President:

“The great monopoly in this country is the money monopoly. So long as it exists, our old variety of freedom and individual energy of development are out of the question.”

So we have a sense that the money issue has been with us a very long time. Why are we making this attempt to reach people about this information? This is a question which needs to be thought about as we all have our particular reasons for every action taken. Perhaps it has to do with our agreement with the spiritual philosophy of the Native American. This is the spiritual philosophy which deals with the seven generations.

One who accepts this philosophy comes to a point when considering the effects of any action to keep the seventh generation in mind. Every action must not result in any negative consequences for those coming seven generations into the future. The actions must be determined to either do no harm or improve the conditions for those coming seven generations from now.

If this seventh generation philosophy and spirituality were common and practiced seven generations ago, then we would not see ourselves in the present unfortunate situation. Those who took the actions seven generations ago would have chosen other actions; actions which would have helped their fellow brothers and sisters instead of manipulating them. Unfortunately the choices made were those which failed to take the well-being of humanity into consideration.

If we understand that all life and all things are sacred then we cannot willfully do harm. We must fight the urge to look for revenge when we understand what has happened for hundreds of years. Anger is never called for however difficult it is to not feel the emotion. Humanity has simply committed error through the centuries. First forgive then correct the error.

These historical and continuing errors must and will be dealt with. They will be dealt with because the human race has come to see them as errors. We will be at a spiritual level where these corrections will occur naturally. It will be simply impossible not to make the corrections because we understand that not to do so would result in harm to our brothers and sisters in the human family.

So have no doubt that we the human race are improving our condition at a rapid pace. Our collective future is one that is going to evidence the common experience of love, peace, justice, fairness and happiness.

The common people of America along with all other countries on Earth that use debt-based monetary systems have been, and are now being, robbed blind. The cause needs to be understood; fully understood. National debts occur when governments spend more than they take in with taxes. In the United States the government then issues United States government bonds. Government bonds equal debt. Let us look at how we arrived at this sad state of affairs.

In 1934 Robert Hemphill, credit manager of the Federal Reserve bank of Atlanta said:

“Someone has to borrow every dollar we have in circulation… If the banks create ample money we are prosperous; if not, we starve. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is… incredible. It is the most important subject intelligent persons can investigate and reflect upon.”

The United States government can issue all the money it needs. At present all of our money comes to circulation through debt. What is the reason that we the people of the United States have not heard of this? What the government cannot raise in taxes it must borrow from the private banks of the Federal Reserve. The government recently actually borrowed one trillion dollars and then turned around and gave it to the banks in the form of bailouts. Could those in Congress actually be unaware of what is happening? You cannot borrow yourself out of debt; you cannot drink yourself sober.

Most citizens do not understand what the cause of the debt problem is. Most citizens do not understand there is a problem. The battle for the control of the monetary system has gone on for hundreds of years. You will not read about the battle in your history books.

The only time Jesus Christ got angry was when he confronted the money changers. When coming upon the money changers “He made a whip out of cords and… He scattered the coins of the money changers and overturned their tables.” (John 2:15 of the Holy Bible) The money changers were the bankers of their day and they were stealing from the poor.

An assassination was attempted on the life of President Andrew Jackson while he received many death threats. Presidents Abraham Lincoln, James Garfield and John Kennedy may have all been assassinated because of their push for monetary reform.

Is it possible that Jesus Christ was killed for confronting the money changers? The money changers were the bankers the of their day. Think about it. For the love of money is the root of all evil.

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