Money. Part 7.

Finance - Financial injection - Finance
Finance – Financial injection – Finance (Photo credit: @Doug88888)

June 13, 2013 by Jerry Alatalo

People around the world are familiar with the minimum wage. What would happen if there were also a maximum wage? This will strike many as really thinking outside the box. It is just a thought. Why not? It would be interesting to hear what any critics of such a proposal would use as arguments against. What human being could disagree that a maximum wage would result in a literal improvement in the living conditions of every man, woman and child on planet Earth? Since there are monetary systems almost everywhere on Earth how about a maximum wage of $1,000,000 per year? It would seem that any human being could live a fairly decent, comfortable life anywhere on Earth with $1,000,000 per year. Perhaps we could see a one year worldwide trial of a $1,000,000 maximum wage.

Imagine what kind of world we will live in when this maximum wage becomes the agreed upon law of the land everywhere. There will be enough resources to pay for the projects and actions which will end many of the problems faced by humanity. Humanity has finally come to the point in history where there is no other choice but to solve our problems. Every action will result in the easing of our fellow brothers’ and sisters’ agonies and miseries. We will understand charity, compassion and love.

We have seen overwhelming evidence presented through history of the financial and economic devastation brought about by those whose addiction is money and power. We have all seen the banking scandals, Ponzi schemes, fraudulent derivatives, mortgage frauds, insurance scams, murders, sabotage, blackmail etc. right down the line of crimes committed because of the love of money. Now is the time to relegate greed to the history books. The end of greed will be looked back upon by future generations as one of the noblest actions ever taken by civilization. Our children, grandchildren and great-grandchildren will be eternally grateful to us for having created such a wonderful world for them.

The instituting of a maximum wage would go a long way towards eliminating corruption, fraud and deceit. After all, what is the motive behind corruption, fraud and deceit where there are financial transactions? The motive is to gain fraudulently at someone else’s cost. Those who would object to instituting a maximum wage argue that this move would lower incentives for people to create and grow their businesses. They will argue that economic activity would be reduced as the incentives of the owners of business enterprises, actors, professional athletes, doctors, lawyers, hedge fund managers and anyone in the $1,000,000 plus per year income range would be taken away.

Imagine the scenario where there is a $1,000,000 maximum wage. First and foremost, the incentives which result in people using fraud and deceit to gain financially by stealing from others would be almost eliminated. There would be a sharp decrease in financial crimes along with a sharp increase in the negative consequences felt by those who commit them. The historical concept of making a killing would no longer exist. All of the crimes committed so as to make a killing, be they with the pen or the gun, would be sharply reduced.

The world’s economic activity would no longer be based on making as much money as possible with economically devastating, malevolent acts of crime and fraud, but toward benevolent ends. More and more economic activity would be undertaken in goodwill, helping others and solving human problems. The dominant philosophy of “How much can I get?” will transform into the new dominant philosophy of “How much can I give?”

The major positive outcome of instituting a maximum wage is that the incentives would change. The current incentive of profit maximization would be replaced by the incentive to help your fellow-man. Those who would disagree with a $1,000,000 per year maximum wage would have to consider the question: “Is your life all about you, or is it all about others?” This is the very basic spiritual question which all people invariably have to answer. This question goes into the very essence of the meaning of human existence. Here is the choice made between the ego and the Holy Spirit; between love and fear.  There is no other choice.

Perhaps the maximum wage could be tested for just one year. Perhaps all of the countries on planet Earth would agree to the “One Year for Humanity and Mother Earth” implementation of the maximum wage. Imagine the profound increase and change in spiritual awareness by the human race which would occur. Can anyone debate that such a measure would not result in improvements over our current situation? What would be revealed about those who would object to a one year trial? Could their objection be, “How do you expect me to live on $1,000,000 a year?”

Regulation of financial companies would be strictly enforced with proper punishments, including widespread public media attention given to those who take advantage of others through fraudulent gain. There will be no more monetary fines for illegal financial activities. The man who steals food to feed his family is given more real punishment than those who steal amounts thousands, millions and billions of times larger.

Since 1913 the Federal Reserve banks of the United States and countries around the world with their manipulations of money supplies, markets and economies have caused booms and busts. Long term planning of business leaders is disrupted. The private Federal Reserve bank system is a failure. There have been eighteen recessions since 1913. Now we witness the world depression of 2013. Nothing good comes from private control of money supplies. It is long past time for governments to take control of their monetary systems.

As a result of the latest financial crises of 2008-2013 households in America have taken an eleven trillion-dollar loss. What will it take to get serious action? Do not let too big to fail banks grow any larger, shrink them down to 50 billion dollars in assets over a five-year period, while intensively regulating them during the downsizing. Compensation systems are necessary to end incentives for the “big kill” on large, risky trades and transactions. At present there are tons of money in rewards if things go well but possible destruction of global financial markets, and losses in the trillions of dollars if the bets are lost. As of 2013 no serious re-regulation or Glass-Steagall legislation has been made into law. The Glass-Steagall act worked extremely well for sixty years and should be brought back now.

Austerity measures simply prolong and increase economic crises as less spending starts a vicious downward spiral. Governments should increase spending and reduce taxes on the middle and lower-income classes. Consider no taxes on income up to $50,000. Revenue sharing to states would be a large part of the spending to help states keep employees and provide essential services. Austerity in times of economic crises is negative.

As of 2013 advanced industrialized countries, most notably in Europe, are in depressions. Poor regulation and a hands-off approach to the financial system has facilitated a prolonged recession and some think a depression. This is a situation that not many can remember. It is very serious. This is why the idea of a $1,000,000 maximum wage was a serious proposal. The incomes of the top 1% have pulled away from the 99%; the top .1% has really pulled away to Gatsby-era levels of 1910. Income inequality has risen to 1930’s levels. Part of the problem has been the differing opinions of economists on policy directions.

Many have the erroneous opinion that the government must act like a household about finances. Government, especially during economic crises, must increase its role to intervene in the economy. Income inequality results in political inequality. Reforms in the political system are necessary so that the 99% are  represented as opposed to the top 1% whose situations are very good. How much of the business that the financial sector does is for the enabling of productive, economic growth for the well-being of all as opposed to actions which have to do with personal gain and greed?

Banks have become market makers to take advantage of insider knowledge and tactics to maximize profits. Nobody is against making a profit but the balance between helping the country’s economy and people and helping oneself has gotten way out of kilter. With so many homes under water reducing principals and interest rates could be undertaken to both stimulate the economy and help hard pressed citizens. The old model of serving self is ending. The new accepted point of view of service to others is starting to gain momentum and unstoppable.

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Money. Part 6.

Go Away Federal Reserve System!
Go Away Federal Reserve System! (Photo credit: r0b0r0b)

June 12, 2013 by Jerry Alatalo

The internet has played, and will continue to play, an essential role in the sharing of important information by everyone on the planet. Do not allow any regulations proposed by governments to restrict in any way this tool called the internet. Consider why anyone would want to restrict the communicating of ideas. Ideas are exactly what the human race needs at this time to come together and solve our problems. Do not take anything for granted. Do not be scared; fear will do no good at this time. Nothing but a change in consciousness is needed now.

When Jesus said, “What you do to the least among these, you do to me” he was speaking truth. See all the suffering brothers and sisters on the planet now. Grasp the real world situation and take strong, positive action to make the world situation better for all of our brothers and sisters everywhere.

A historical perspective is added through reading the words of New York City Mayor John F. Hylan (1868-1936). John Hylan was Mayor of New York from 1918-1925 and he said in 1922:

“The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self-created system. At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie (n. an intimate and often exclusive group of persons with a unifying or common interest or purpose) of powerful international bankers virtually runs the United States government for their own selfish purposes. They practically control both political parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business. These international bankers and Rockefeller-Standard Oil control the majority of newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.”

What has really changed since the days of John Hylan? Fortunately the means of communication, namely the internet, have allowed for a larger dissemination of truth.

It is finally time for humanity to break the chains of the debt-money systems. Something is very wrong when we have all the abundance the Creator and Mother Earth has given us yet we have immense human suffering. When two friends have a few beers they describe what occurred as “we solved all the world’s problems.” Well the time has arrived where we as humanity will solve all the world’s problems. The joint strengths, talents, ingenuity and efforts of the human race are more powerful than all the problems we face. The main ingredient of our success here on Earth is love. With love as the most important consideration when any action needed, the future becomes unlimited.

Texas Congressman Wright Patman (1893-1976) sat on the house committee on banking and currency for 40 years, chairing the committee from 1965-75. In 1941 he said:

“When our federal government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the federal government borrowing the use of its own money… The constitution of the United States does not give the banks the power to create money. The constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.”

Patman introduced legislation during twenty of his years in Congress to repeal the Federal Reserve act of 1913.

French economist Maurice Allais (1911-2010) said:

“In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the ‘cancer’ that’s irretrievably eroding market economies of private property. In essence, the present creation of money, out of nothing by the banking system, is similar – I do not hesitate to say it in order to make people clearly realize what is at stake here – to the creation of money by counterfeiters, so rightly condemned by law.”

Needed is the end of fractional reserve banking and the beginning of 100% reserve requirements of lenders, along with the end of private central bank monetary control.

1976 Nobel Prize winner for economics Milton Friedman (1912-2006) had something to say about monetary policy:

“The stock of money, prices and output was decidedly more unstable after the establishment of the (Federal) Reserve system than before. The most dramatic period of instability in output was, of course, the period between the two wars, which include the severe (monetary) contractions of 1920-21, 1929-33 and 1937-38. No other 20 year period in American history contains as many as three such severe contractions. The evidence persuades me that at least a third of the price rise during and just after world war one is attributable to the establishment of the Federal Reserve system… And that the severity of each of the major contractions is directly attributable to acts of commission by the Reserve authorities. Any system which gives so much power and so much discretion to a few men, (so) that mistakes-excusable or not-can have such far-reaching effects, is a bad system…”
“… It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic-this is the key political argument against an independent central bank. To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers.”

Friedman also thought the great depression came about because of the actions of the Federal Reserve. Friedman said:

“The Federal Reserve definitely caused the great depression by contracting the amount of money in circulation by one-third from 1929-33.”

Two thirds of the planet is in debt. Countries that are in debt must seek investment to increase exports for debt repayment. John Perkins, mentioned elsewhere in these writings, was an economic hit man who enticed world leaders whose countries contained valuable resources coveted by transnational corporations to accept large loans from the World Bank and International Monetary Fund for infrastructure projects. This was a form of debt trap for the people of those countries.

Those who stood up for their nation’s independence and ownership of their natural resources many times became victims of assassination or overthrow by coups. This information needs to be understood by people to put an end to the practice and hold those responsible accountable for their crimes.

The leaders who took the loans and the financial elites of the country would get fabulously wealthy while the less fortunate must accept austerity measures to pay back the World Bank and IMF loans. This debt trap scenario practiced by international banks has been going on for too long. The people of each particular country see the plunder of their country’s wealth and suffering lower standards of living in the process. The people of these countries do not want transnational corporations in their land. They, just as all human beings, simply want to live a happy, healthy life. Think about why almost every country on Earth is in debt. It is this historical, wicked, economic game which is coming to an end.

As the economic crises has engulfed almost the entire world there are more calls for a worldwide strategy to bring solutions. How about a worldwide cable television station for the sharing of all the diverse economic opinions and options available for the human race to watch? Think outside the box. Why could not a project similar to this become a reality?

At this point you will find channels on popular systems like “the knitting channel” or hundreds of music channels. Perhaps a few of the redundant channels could be replaced by information channels dealing with the most important issues facing humanity. What is wrong with the people of the planet knowing what is occurring that effects their lives? We are simply making the point here that those who own the major media in the world have a vested interest in not allowing real information getting to the populace.

We have in these writings given you some information that is uncomfortable as it deals with somewhat unpleasant, difficult issues. Keep in mind that all you need is to stay honest with yourself and others while rejecting anything having to do with greed and hate. We hope that you keep love for others, your families and yourself as the guide when going forward with your life.

When more and more people allow love to rule over every thought then we the people of Earth will be well on our way to establishing a fair, just world for all people.

President Franklin Roosevelt on the monetary fight:

“The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government ever since the days of Andrew Jackson-and I am not excepting the administration of Woodrow Wilson. The country is going through a repetition of Jackson’s fight with the bank of the United States – only on a far bigger and broader basis.”
Once again thank God for the internet. Do not allow for any restrictions on this extraordinary means of communication for humanity.

We come across such information and we wonder how and why this situation came about. Our personal philosophies change. The inevitable confusion sets in about the set of beliefs we have adopted to as we go through time. What are we doing with our lifetimes and why are we choosing what we choose? Are we hypnotically accepting society’s ideals of what success and happiness are or are we exploring fully all the different ways that men and women throughout history have attempted to explain the human condition? Or do we attempt to create original thought as a new way?

Since President Andrew Jackson gave his farewell address in 1837 the American people and humanity have been robbed through the Federal Reserve/private control of money. If the private banks suffer financial losses, the taxpayer pays for the bailouts. The taxpayers absorb those losses. The private banks, when they realize profits, keep those profits.

The American people along with the people of the world must demand that the control of money be taken from private hands and placed in the hands of governments and the people.

Time and again world history has shown that private control of monetary systems leads to plutocracy or government by the wealthy.

The world’s nations must all become the controllers of their currencies. This would end all the corruption, fraud and abuse practiced throughout history by private financial corporations. All the complex financial products, often used for fraudulent purposes, shall be examined, kept if a benefit for humanity, or banned if no benefits will be realized for the people.

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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 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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