Freeing Our Money: Today’s Coercion
Modern Economic Control
The Federal Reserve controls the money supply in three ways: 1) Selling or buying U.S. government bonds from the government or in the bond market. To sell bonds is to contract the currency, decreasing the supply of money. To buy bonds is to inflate the currency, increasing the quantity of money. 2) Raising or lowering bank reserve requirements. To raise reserve requirements is a tightening that decreases the money supply, making money harder to obtain. To lower reserve requirements is a loosening that increases the money supply and makes loans easier to obtain. 3) Changing the discount rate—the rate that banks borrow money created by the Fed to lend to the public.
These elements are popularly considered essential to control market dynamics, but are little more than layers of coercive control. Their justification was that with this power, depressions could be scientifically prevented. The problem, as congressman Charles A. Lindberg retorted, was that, “From now on, depressions will be scientifically created.”
“To cause high prices, all the Federal Reserve Board will do, will be to lower the rediscount rate…producing an expansion of credit and a rising stock market, then when…businessmen are used to those 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 discount 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 the 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 panic. Inflation and deflation work equally well for them when they control finance.”
—Charles A. Lindberg (R-MN)
The Illegitimacy of Bonds
All of our money is considered borrowed money (yielding interest), even though it isn’t. The currency is a fresh creation, backed by the good faith of the American population. This is how money is created by the Fed: 1) The Federal Open Market Committee (FOMC) approves the purchase of U.S. bonds, which are simply a promise to pay. 2) The bonds are “purchased” by the Fed. 3) The Fed pays for the bonds with electronic credits added to the bond seller’s bank, but these credits are based on nothing—they are created with the flick of a pen! 4) The bank uses the deposits as reserves, and can loan out up to ten times the amount of the reserves to new borrowers—all at interest. We see our mortgage interest at perhaps ten percent, but at this reserve ratio, the bank can make one-hundred percent on the money.
This method of monetary creation is fundamentally unsound. The creation of a bond must be based on an existing financial instrument. The currency must precede the bond and not be created by the bond, as to retire the bond is to destroy the currency. But the Fed issues currency for bonds as if they’re lending, because lending produces interest.
“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 that the bond lets the money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who directly contribute in some useful way. It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurer and the other, helps the people.”
—Thomas Edison, 1921
Freeing Our Money: Sound Money and Sound Banking
In a mortal struggle for power, currency control has changed hands from public to private eight times since our country’s inception. The conflict lies at the base of our right of property, and the desire of the corrupt elite to rob us of it. The safe store of value sought by Man is not to be found in commodities such as gold or silver. It is found in human productivity, that part of a man’s life that is spent sustaining his existence. This is an inexhaustible and incorruptible source of wealth—replenished and consumed again, every single day. The question to ask the Federal Reserve is, “What moral action have you taken to bring this money into existence?”
Our monetary system was the first terrorist attack on the United States. Every great evil the corrupt rich have been able to perpetrate since, stems from it. It is time to end this threat; the future of the civilized world depends on it. We must take away their power to create money with no balancing creation of value. We must remove their power to make money scarce or plenty. We must stop paying interest on money we never borrowed in the first place. No more secret meetings. No subversive political influence. No more means to engineer depressions.
“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” —Thomas Jefferson, 1809
Imagine waiting at a checkout, watching a man who charged up a credit card until it gets declined, then another, then another. You see him with a whole stack, frustratingly trying to secure his purchase and you know he is on the road to doom. We pity such predicaments. Think of your own sensible spending habits and careful budgeting. Now imagine someone like him taking your credit cards and doing this, leaving you to pay it all back. That is Quantitative Easing.
We cannot spur an aging population to spend through monetary stimulus; not when the mass of our citizens are preparing for retirement. Under such circumstances, a long-term economic contraction is appropriate and predictable. Charging up our credit cards and getting all other countries to do the same just spells worldwide bankruptcy, weakened sovereignty, and will result in an attempt to dissolve our more perfect union in favor of one despotic world government.
Capitalism is not impervious to the devastation of an ill-conceived monetary system. When foundations are laid poorly, all that is built on them is at risk of collapse. To solve the problem, all debt-based currencies worldwide must be abolished. We can start here by replacing Federal Reserve notes with debt-free U.S. Treasury notes, resulting in an immediate savings of $360 billion plus per year. Our income tax burden would be cut in half with no loss of government services. The concept of fractional reserve banking must be abolished as well. No one gets to generate interest on money they never earned to begin with. No central interest rate controls. No inflation booms and contraction busts. By rebuilding our system on full reserve banking, every girder is real. All Americans should profit by the fairness of the design.
No Presidential platform is worthwhile today unless it addresses currency reform, assuring transparency, accountability, and guarding against unwarranted political influence. Never again should we let private banks control and issue our money, thereby permitting a secret government to rise, challenge, and undermine the morally sanctioned government agreed upon by all.
Foreign Policy Suitable for Thieves and Killers
Iran, Iraq, Pakistan, Austria, Egypt, Russia, Lebanon, the Palestinian Territories… We have to wonder why so many nations hate America. In many instances it is due to envy and corruption itself, but unfortunately, there have been many victims of our great strength as well. Since America’s inception, attempts have been made to subvert her every facet of wealth. Our armies, economic strength, and international influence have all been bent to serve evil in very powerful ways, all carefully kept from the public eye.
There are many thieving rich in the country who have no intention of honoring the Republic. They don’t care who the President is or what format the citizenship has voluntarily agreed to. They want whatever their interests lean towards and will commit any atrocity to influence those outcomes. Such men are consumed by the psychotic pursuit of dominance—the cognitive replacement for an esteem and stature their wealth has not given them—a vacuum filled by a vehement wrath towards all those who do not bend to their will.
War at its worst is letters to parents in one room, accounts receivable in the other. This is the Spirit Murderer’s kind of artificial business—the sure thing, with devastation as gravy. But the covert side is much more sinister. We live the dream as Americans in this land of opportunity, and wonder how anyone rational could hate such a place. The media fuels this obvious lapse of reason while the true controversy remains hidden. We would be shocked to find the conspiracies to be true: families being murdered; towns and villages ransacked with their land and resources being given, not just to oil companies, but to individuals in our own country. Such victims wouldn’t experience America through our lifestyle. All they would know of it would be the helicopters overhead; the abductions, the Nazi-style purges, the drug wars, and the political assassinations. When the camps were opened at the close of WWII, the German people were stunned by the extent of Hitler’s atrocities, and carried an immense guilt for what they unleashed upon the world. We have to ensure that Americans are never in for similar shocks. No, such things are not done in our spirit, but are they being done in our name? Is our foreign policy spreading conquest while claiming to spread freedom? By taking our eyes off our institutions, we are ominously vulnerable to earning the spite of many countries, and to atone, any chance of this happening must be constantly scrutinized, exposed, rectified, and the perpetrators dealt with harshly.
Free Trade Agreements or FAIR Trade Agreements?
Free-trade can mean “unregulated commerce” or it can mean “take what you want without paying for it.” Those attempting deceit use one meaning for political cover, while they accomplish the other. Its result is that our markets are unprotected, allowing slave nations to trade without penalties for their human rights violations.
Free trade does not mean there are no tariffs between nations. Such coalitions as NAFTA and the World Trade Organization intentionally suppress that the point of free trade is first and foremost to see the people free.
To give a looter’s government the right to trade with America on equal terms translates into windfall profits for any nation employing slaves. If immoral men in American corporations set up shop there, it’s easy money; it is the perfect slave/master relationship. The slave nation’s army keeps the prisoners in line and their government gets a cut, producing goods sold abroad—far away from the murders, the cries, and the filth. That translates into healthy profits on the glossy pages of quarterly reports for international companies and a supposedly better standard of living for Americans as it masks our true inflationary environment. This makes it impossible for honest corporations at home to compete and permits coercive American monopolies to exist in the slave nations—outside the range of our laws, while reinforcing the slave nation’s uncivil regimes. This is the Spirit Murderer’s idea of social progress.
Free trade was not meant to be a megalomaniac’s benefit, but a citizen’s benefit. Until and unless these agreements accomplish what the civilized world expects of them, and unless they are crafted openly and subject to public scrutiny, they should be abolished.
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