"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from the bankers and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in. But if you want to continue the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit."
- Sir Josiah Stamp, Director and President of the Bank of England during the 1920's
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Question: If you were a slave and you had just become a parent of a newborn child, would you choose freedom for your child or would you sign your child over to your master?
I believe all of us, if we had experienced slavery, would without question choose freedom for our child if given the choice. If you are a parent you were given this choice. And I would wager that your choice for your child was slavery. You chose slavery because you did not realize that that was the choice you were being offered. If you became a parent in BC. the way this choice was presented to you was, “This brochure contains an IMPORTANT form which parents must complete for every baby born in British Columbia…” And you thought that you were just registering a name. You were, but you were also assisting the government in establishing a corporation using the name of your child.
Now, when your child becomes old enough to work he or she is told that they must request and sign for a Social Insurance Number. The government does not inform you or your child that by doing this your child is signing on as the sole officer of the corporation they set up, with your assistance and cooperation, using your child’s name. Now the deceptive deed is complete. Your child, john or jane doe, a free human being is now also the sole signing officer of the Government Corporation or the artificial-person called JOHN or JANE DOE. The capital letters are significant!
Check your SIN card. Do you see your name in all capital letters? Do you know that all capital letters signify a corporation? Your name in all capital letters mean that you, the free human being have agreed to act as the sole officer for the Government Corporation PUT YOUR NAME HERE. Did you know that? And did you know that since the day you signed on as the sole officer of PUT YOUR NAME HERE you have lost your freedom and have been a slave of the government? Probably not. If you knew you would have never agreed to assist the government in enslaving your child. Have you also noticed that all letters sent to you by governments, corporations and banks have your name all in capitol letters? (See child registration, page 28.)
Did you know that another reason that the government is so adamant about you registering your child is that it is worth a lot of money to them? And that with this money the Government takes out a bond? Did you know that the number on the back of your Birth Certificate and that of your child is the number of that bond? (See note: under Birth Certificate, page 30and 31.)
Many of us have had a feeling that something is wrong with how our society works, or does not work. We have known something was wrong but just could not figure out what it was. I have been one of these people. With the help of many I have been lead to a study of our government, our banking system, our income tax system and much more. Upon seeing the deceptive practices used by our government to trick us into slavery the biggest question I had was why. Why would any government that was elected to represent and protect the people, turn around and enslave them instead? My study has found others who have learned the answer. It is that answer that is repeated here. The reaction that comes from most people as I outline what I have found out is, “No, our government would not do that.”
But, I am here to say that they have done this and I am as amazed as you are. The “why” will also amaze you; Canada, like United States, is bankrupt and under the control of an economic system called The Private Debt Money system. The deceptive practices used by the government are the effects of this system and have been mandated by those in control of this system. Almost every country in the world has had this monetary system imposed on them so, with a few exceptions; everything said in this book could apply to all these countries as well.
The reason for this book is to show how this monetary system guarantees poverty, unemployment, homelessness and ultimately in 2004, in the death of 18,000 children a day throughout the world due to hunger. It is also to show how the abundance of many is directly related to the lack experienced by many others. This is a message that most, especially the rich, will not want to hear. The very rich (those making millions of dollars a year or more) will find it difficult to hear that the more they make the more some people somewhere will suffer. But even the poor, who think all their problems will be solved by the acquirement of money, will not want to hear that for them to be financially abundant merely means that someone else will have to change places with them.
This work is not about assigning blame. But as with all problems, the cause must be recognized and understood before the effects can be changed. This is not an exhaustive study. Many such studies have been done. What this work does that the others have not done is connect The Private Debt Money System not only to the growing debt of countries and their citizens but also to many other dire problems including world poverty and hunger. Others who have found a very comfortable place within The Private Debt Money System will have difficulty exchanging that place of comfort for the unknown future of The Public Credit Money System. They, like some of the freed slaves of the southern plantations, will be afraid to trade the comfort of slavery for the uncertainty of freedom.
As this is being written, the world has just experienced the effects of a large under sea earthquake off the island country of Sumatra that resulted in a tsunami that took the lives of possibly over 150,000 people and destroyed many millions of dollars worth of property. The response of most of the world has been to offer money, supplies and manpower in assisting those affected in rebuilding their lives and communities. It is hoped that this work will shine a light on a much larger and more devastating disaster that is occurring throughout the world each and every week of the year. It is one that we all have contributed to, although unknowingly. It is hoped that once Canadians know of this disaster their response will be equally as committed to helping correct this problem as it was to aid victims of the tsunami. This commitment will have to come from a much deeper place within each person because the solution will require a larger sacrifice from all those who would give. It is a relatively easy task to give dollars when one’s wallet is full.
It is another matter all together to relinquish a thought that one held as a truth for much of their lives. The solution to this larger disaster is not simply to give money. But rather it will be to convince the Federal Government to take whatever action is necessary to abolish The Private Debt Monetary System now in place in Canada, and replace it with some form of The Public Credit Monetary System. This will be a difficult change because it will require that each person learn not only about The Private Debt Money System now in place but also about the devastating effect that this system has on our society. It will require a commitment to the relinquishment of a faulty thought system.
It may be hard to believe that if Canada rescinded The Bank Act and every other Act that illegally ties the citizenry to a false or artificial-person that it could, on its own, eliminate many of the effect of The Global Private Debt Money System. The bankers know this is so. They also knew it was true of the American Colonies when they started issuing their Colonial Script, because they petitioned the Government of England to pass a law to make it illegal for the colonies of England to use their own money. They also knew this at the time of the American civil war. The following is a quote from The London Times that proves that fact:
“If that mischievous financial policy which had its origin in the North American Republic, should become indurate down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
This was printed during the American civil war. Abraham Lincoln had refused to bind the American people to a debt to banks at interest rates of 24% to 36%. So he got Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the war effort. He printed a total of $449,338,902. This money was created debt-free and interest-free.
After Abraham Lincoln was assassinated, Congress revoked the greenback law and enacted, in its place, the National Banking Act. The greenbacks were called out of circulation and destroyed.
Also, found on the inter-net was the following:
“On June 4th, 1963, President Kennedy signed a presidential document, called Executive Order 11110, which further amended Executive order 10289 of September 19th, 1951. This gave Kennedy, as President of the United States, legal clearance to create his own money. He had printed United States notes, completely ignoring the Federal Reserve Notes from the private banks of the Federal Reserve.
Our records show that Kennedy issued $4,292,893,825 of cash money. It was perfectly obvious that Kennedy was out to undermine the Federal Reserve System of the United States.”
Just one day after President Kennedy was assassinated; all the United States notes issued by him were called out of circulation and destroyed.
Two presidents, both implementing a form of The Public Credit Money System; both presidents assassinated. It is a small wonder few national leaders have the courage to stand up to private banks.
It is imperative that the rest of us at least make an attempt to understand why two great presidents put their lives in danger to change a corrupt money system. Henry Ford said words to the effect that, “ If the people understood the economic system there would be rioting in the streets tomorrow.” But nobody tried to understand! And so, it still is that if the people understood the economic system there would be rioting in the streets tomorrow. Knowing that our understanding of something would make us angry enough to riot should perk our interest enough so that we make some attempt to understand the deception that has been plied on us since the goldsmith had his interesting idea.
But instead we are like pigs at a trough. If you’ve ever seen fifty pigs at a 40-foot trough you will understand the metaphor. One of the differences between the pigs and ourselves is that we are not as frantic as they are. But how we fight to make sure that we get our “fair share” and it does not really matter that there are those who do not, and under our present system, cannot get their share.
Another difference is that we do have individuals who see that there are those of us who are going without and use their notoriety in an attempt to make a difference in the lives of these others. Entertainers like Bob Geldof and Bono and so many others spend vast amounts of energy to raise money to fight world poverty. It is a shame that their energy is fuelled by ignorance. They do not see what Henry Ford saw. Nor do they see what President Lincoln and President Kennedy saw. They do not see that the trough they feed from does not contain enough to feed everyone and by taking so much they cause so many more to go without. They don’t see the cause of the problem they are attempting to correct is fueled by their own actions. They seem to think that if all the “have” countries just gave a little to the “have not” countries the problem would just vanish in thin air. That is an insane idea. It cannot work and will never work. I would debate that idea anytime with anyone.
We need to realize that the International Monetary Fund (IMF) and the World Bank (WB) are debt-farming agencies. They have power only when others have a debt to them. The greater the debt the greater their power. We have all heard the statement, “Follow the money.” What we need to learn to do is “follow the debt”. The IMF and the WB loan vast amounts of fiat money, but as with all bank loans they never loan the interest that will accrue on those loans. This sets up a situation in which there is never enough money to repay the debt plus the interest on the debt. [You will learn more on this in Chapter One.] Debt, or more accurately, the debt attributed to the interest on loans, never goes away. This simple statement is the key to our understanding of the ever rising debt of individuals, corporations and countries and deserves repeating. Debt, or more accurately, the debt attributed to the interest on loans, never goes away.
This is the key to understanding how the private banks have gained so much control in the world. They lend funds, but never the interest that is associated with those funds. Put another way, if all the funds that have been borrowed from banks were repaid with all the existing money in the world, what would be left unpaid is the interest on these loans. The most important thing anyone can do to understand the cause of poverty in this world of abundance is to study this effect of The Private Debt Money System.
In some instances it may appear that this is not the case. An example of this in Canada is the fact that one of the provinces, Alberta, has just paid of its total debt. It was able to repay all the loans it had borrowed plus the interest on all these loans. But it was by using money others borrowed in order to buy gas and oil that enabled Alberta to repay its loans and the interest. Now the debt associated with the interest on these loans has been transferred to the purchasers of the gas and oil. This debt becomes the “hot potato” that nobody wants but that someone must hold. It continues to “flow” around the world until finally it accumulates with some poor entity forced into bankruptcy. This is how, and why, The Private Debt Money System guarantees unemployment, homelessness, poverty and ultimately death. This is what Henry Ford saw. This is what President Lincoln and President Kennedy as well as President Garfield and President McKinley saw. And it is what we all need to see.
And when we finally know this, and understand that politicians such as George W. Bush, Tony Blair, Paul Martin and many others know this, it will be obvious who they support; the people or the World Bank.
What good intentioned people like Bob Geldof and Bono and all the other entertainers associated with Live 8 and other fund raising endeavors do not see is that all the money they accumulate generates more debt that never goes away, and, that someone other than themselves must succumb to it. This holds true for the money they earn personally as well as the money they raise for relief efforts. This is how they contribute to the very problem they attempt to remedy. And, if this is true of them, it is also true of us.
Give it Away
You will see that much of what is written in this book did not originate with its author. Much has been freely borrowed from the inter-net and from other books and writings. Some has been learned at seminars that had a large admittance fee. It seems that as some have learned these things they feel that they have found a wonderful way to “make a living”. Reading this book will hopefully show these ones that what they do only adds to the poverty of others. This information is beyond value and as such should never be sold but always given freely to all those who would want to learn. It would be a shame for anyone not to have this information because they suffered from an effect of the very system that we are trying to correct. Namely, they are poor. If you have information on the subjects presented in this book please consider it like the magic penny of the children’s song. “It’s ain’t worth nothing unless you give it away.”
To look at this happening metaphorically, this situation can be likened to a slave who has found a way to remove his or her chains that have bound them to an uncompassionate master. And as this one looks back at all the other slaves he or she says, “Pay me this amount of money and you too can be free.” Human beings should not be bought and sold. And their freedom should have no cost as it is truly beyond value.
For this reason this book can be freely copied and freely given. You are encouraged by its author to do this as many times as you can. This being said, it is acknowledged that copying and mailing does have a cost. If you have spent money to make copies of this book and need that money back it would not be wrong for you to ask for that. But please, ask no more than that.
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