National Banks – Ending the Stranglehold of Usury and the Private Money System
15th January 2016
By John Reid
Guest Writer for Wake Up World
When I began my research into the many financial and economic issues most of us face today, I, like most, had no idea what the root causes are. I’m talking about the kind of things we all seem to talk about; the things we complain about to each other but grudgingly accept as just the way things are. We seem to get a sense of, “Well, we’re all in the same boat so quit complaining and get on with it. No one listens anyway.”
Our list of gripes most often have that one common thread running through them, money, or the lack of money.
Money, the five letter word that represents so much in our lives. With money on our side so many of our problems vanish, without it we are eventually destitute.
Is money inherently a bad thing? No, not when it is used as originally intended, as a ‘fair exchange of energy’. Bartering may work well in smaller communities, but offering the city bus driver a bag of apples as your fare for the ride to work isn’t exactly practical.
Money is a perfect system of exchange. The real problem with our money is rooted in who or what controls it and the system of how it is issued. The system being that of ‘usury.’ When interest is charged on loans, it then categorizes money as a ‘commodity’. It is no longer a simple and very effective method of a ‘fair exchange of energy’ and that, ladies and gentlemen, is the root cause of our financial woes today!
The monetization of money, allowing money to become a commodity itself which completely corrupts the original intent of use as a fair exchange of energy only is the issue.
Now you’re probably thinking, “It’s just the way things are, we’ve always paid interest on loans, you can’t expect the banks to just give it away for free. How would they stay in business, and who would lend us the loans we need?”
Great points, and my reply is:
“Just because that’s the way a very small group of people or families, over time, have by one method or another, gradually suckered in country after country to accept this system, does not make it right and does not mean we have to suffer it!”
Money Should Never Be Monetized
Money should never be monetized. We in the industrialised world, with large concentrations of people simply cannot exist without money. Even those unfortunate enough to be homeless and penniless still require charitable help, where money is also involved. Without money we basically cease to exist. The entire system, our entire being relies upon money.
Monetizing money isn’t much different from monetizing the air we breathe. And how ridiculous does that sound? However, this is how we are living, paying for something that should not be a commodity or ‘money maker’ for someone else.
‘Interest’ is the cost we unnecessarily pay to have access to that which is vital for our survival and when interest compounds (as it does) we may find ourselves in great financial distress.
Unfortunately this also applies at the national level. Almost every nation in the world has been convinced over time to unnecessarily borrow its money from private central banks. (For more information, please see the articles, The Federal Reserve Bank – 100 Years of Deception and The Illusion of Money and the Economic System Construct.)
Now why would any wealthy nation borrow from foreign private bankers when they could issue their own money to the people via a national bank? Why would your own political representatives allow us to become indebted to foreign bankers, in effect reducing us to economic slaves?
The answer to that would take another article, but let me just say that we are dealing with highly sophisticated, multi-generational families who, over time, have slithered their way into being accepted as the world’s money suppliers.
Who on earth gave these people that right? How have these people positioned themselves to ‘tax’ something almost as vital as the air we breathe with a monstrosity called ‘interest’? Let’s just say the scheme is absolutely brilliant because once you have such control you basically own the nations and the people you lend to.
Why isn’t this talked about more often when we hear how much our nations owe, how much debt our nations are in and how we have to suffer cutbacks to enable the debt to be paid?
The unborn will be born into and saddled with these debts, something which is immoral and unconscionable; mortgaging our future to the unborn taxpayer.
Why aren’t these things being discussed and why is it all accepted as ‘just the way things are’? Because the entire system of economics has been based on this flawed system and all the so-called economic experts are themselves a product of this system.
I could go much deeper into the multitude of convoluted explanations economists will offer as reasons for this diabolical system, but we can keep this simple and understandable for the purpose of this article, which is to try and explain in simple terms why this system is the monkey on our backs, what life will be like without it, and how we can change it.
The Folly of Infinite Growth
Let’s take a look at the present system and how it is inherently flawed. The very first thing which tells us the system is flawed is that it is based on infinite growth or infinite inflation, which is obviously impossible. It is in essence a long drawn out pyramid or ponzi scheme.
Why is it based upon infinite growth, infinite inflation? Because when a bank loans money, it only lends the principle. If you take out a $1,000 loan at 5% interest, where will you find the interest to pay back, the bank never loaned out that part of the payment so where will it come from? It comes from the economy, it comes from other loans which others have spent into the economy.
So to be able to pay back interest on loans we must have an ever increasing number of loans taken out, which means we must always have an expanding economy, we must have infinite growth, infinite inflation, which of course is impossible.
Why are we told how the economy is growing or shrinking every business day, why is it so important that the economy grows, why can’t it just remain static without the dreaded ‘R’ word, the much feared word ‘recession’ being pushed down our throats by the media?
Because it’s the way this system is set up and the same vipers that profit from this system, can, at will, create the very problems of growth/recession or boom/bust to maximise their profits, control and ownership of forfeited properties.
Recession is usually defined as three consecutive quarters of negative growth, so what! Why should we fear that? Oh yes, no interest being borrowed into the system for others to pay their own loans back, which means defaults, bankruptcies, factories closing under debt, job losses, lack of spending creating more job losses. All this because the system is based on usury or interest.
This reduces the taxes for the nation’s expenses and it becomes harder to pay the interest for the national debt. What do the vipers do? Downgrade the nation’s credit rating and jack up the interest rate. Great, just what we all needed. We’re just long term banking customers, kicked in the teeth when times are hard, and those “hard times” are likely caused by the very same bankers.
Andrew Jackson, the last American President to beat off the bankers, had to deal with banker Nicholas Biddle who in 1832 threatened to cause a depression if the bank was not re-chartered. Biddle went on to say;
“Nothing but widespread suffering will produce any effect on Congress… Our only safety is in pursuing a steady course of firm restriction – and I have no doubt that such a course will ultimately lead to restoration of the currency and the re-charter of the bank.”
Biddle called in existing loans and refused to issue new loans causing a massive depression, but in 1836 the bank lost its charter. Andrew Jackson said;
“If the American people only understood the rank injustice of our money and banking system – there would be a revolution before morning…”
Yes, this is the system folks, the system we have just accepted as the way things are and I believe the reason we have put up with it for so long is because we have been kept in the dark. Our so-called elected representatives, of all colours and stripes, have over time collectively let us down, sold us down the river for a few pieces of silver.
Well, it doesn’t matter why or who or how any more, it’s simply time to put an end to it. It’s time to enjoy the prosperity we ourselves create, for that is the only true prosperity there is, that which we the people create through our labours and endeavours.
It is that very same prosperity with which we pay the bankers with, so why don’t we pay it to ourselves, to our own national bank? We can, it’s just that we have been scammed all this time to borrow from these cunning foxes instead.
There are hundreds of articles and video’s online explaining about how this all works, so please research this for yourself.
The Scourge of Usury
Let me give you a quick example of what borrowing unnecessarily from central bankers can do to a nation and her people.
Canada has a national bank dating from 1938 which allocated loans to the nation for infrastructure projects which created jobs and assisted the nation with transportation projects such as roads, the St. Lawrence Seaway, subways and airports. The loans were almost interest free and Canada had no real foreign debts to worry about.
Moving on to 1974 and the Bank of Canada began illegally borrowing from central banks, of course with interest payments. This also, and quite conveniently, gave the Prime Minister at the time, Mr. Trudeau a seat at the G7 table, he could now play in the sandbox with the big boys. Canadians just bought the most expensive seat Canadians have ever paid for and continue to pay for.
From 1974 to today, the interest and service costs to Canadians for borrowing from the central banks has exceeded one trillion dollars! That’s one trillion dollars Canadians gave to foreign bankers for literally nothing.
Nothing because they never actually gave Canada that money, it is merely numbers on computer screens and enabled by another monstrosity called ‘fractional reserve lending’. The system which allows a bank to ‘lend’ money that does not even exist.
Banks only need to have 10% of the money on hand which they claim to lend you, the rest is hot air and you, me and our nation’s pay real earned money for this ‘hot air’, as I said earlier. It’s all a brilliant scam but a scam which affects all of our lives and costs us dearly.
Canadians have been handing over tens of billions of dollars each year in unnecessary interest payments when that same money could and should have been used for Canadian services such as health and education.
The kicker is that Canadians, courtesy of their own national bank’s failure and flawed political leadership, still owes over $600 billion to the foreign bankers, which sucks over $30 billion each year of taxpayer money in service fees and interest payments.
The good news is the Bank of Canada was successfully sued this year (2015) by a true Canadian hero called Rocco Galati, a lawyer who cares about Canada and offered his services for free!
This case will likely drag on for years but Mr. Galati proved the Bank of Canada acted out of its jurisdiction by borrowing from foreign bankers and indebting Canadians, a monumental step in the right direction.
Just look at Greece and other nations which fell into the usury trap and before you go blaming the Greek people for their own downfall, please educate yourself about how easy it is for these vipers to set a nation up for a fall for they control everything via a computer keyboard, extremely complex but that’s how it’s done.
When we allow these people to control our money we are giving up far more than we realise.
All original material Copyright © 2015 Wake Up World.