Re: TURMEL: Ben Franklin, Prof. Flaherty, on Death gamble

From: Castlef (joejmd_at_yahoo.com)
Date: 11/08/04 

Date: 8 Nov 2004 09:44:32 -0800

"Meldon" <getlost@hotmail.com> wrote in message news:<2v7rb8F2hc0leU2@uni-berlin.de>...
> "Castlef" <joejmd@yahoo.com> wrote in message
> news:6f6ec514.0411042230.b8efec9@posting.google.com...
> >>..
> > Meldon... all money is created through loans... we are talking about
> > money created from nothing and charged with interest... The point is
> > that the banks which create the money from nothing and then loan it
> > out... should be paid a service fee instead of interest. For example a
> > bank creates a loan for 100k.. after interest and all said and done
> > the total owed is 200k... so the bank effectively made 100k by
> > creating that loan from nothing which involved changing a few numbers
> > in their computer.... THe fee that should be paid for their service(of
> > creating money) should be in proportion to what physically takes
> > place... the effort it takes to change a few numbers in the computer.
>
> Yes, I see. Doesn't this tend to make credit less readily available? It's
> still the profit (interest for creating) that inspires the loan to be made.

     Meldon, You are speaking as if money was like any other good,
like milk or a television. Money is valueless in and of itself and
only has value because it is backed by the wealth of our nation. That
anyone should profit from the creation of money is a scam. It is no
different than if you or me printed counterfeit money. It cost next to
nothing to produce. Except that instead of the banks keeping the money
they create, they keep the interest on this money which in some cases
may be even more than what they created. Money represents the property
of the nation. One of the main purposes of our government is to
protect our property. The government should create the money and it
has the right granted to do so in the Constitution. That this right
has been delegated to others is the clearest sign that our government
is corrupt.. Lincoln said it best:

"The Government should create, issue, and circulate all the currency
and credits needed to satisfy the spending power of the Government and
the buying power of consumers. The privilege of creating and issuing
money is not only the supreme prerogative of Government, but it is the
Government's greatest creative opportunity. By the adoption of these
principles...the taxpayers will be saved immense sums of interest [by
not having to borrow from privately-owned corporate banks]...Money
will cease to be master and become the servant of humanity. Democracy
will rise superior to the money power."
- Abraham Lincoln

"If congress has the right under the Constitution to issue paper
money, it was given them to use themselves, not to be delegated to
individuals or corporations."
- Andrew Jackson

"People who will not turn a shovel of dirt on the project, nor
contribute a pound of material, will collect more money, from the
United States, than will the people, who supply all the material and
do all the work. This is the terrible thing about interest (usury) ...
But here is the point: If the nation can issue a dollar bond, it can
also 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-broker collect twice the amount of the
bond, and an additional 20%. Whereas the currency, the honest sort,
provided by the Constitution, pays nobody, but those, who contribute
in some useful way. It is absurd, to say that our country can issue
bonds, and cannot issue currency. Both are promises to pay, but one
fattens the usurer and the other helps the people. If the currency
issued by the people were no good, then the bonds would be no good,
either. It is a terrible situation, when the Government, to insure the
national wealth, must go in debt and submit to ruinous interest
charges, at the hands of men, who control the fictitious value of
gold. Interest is the invention of Satan."
-THOMAS A. EDISON

     It is easy to see that the creation of money is out of the
governments hands. If the government did issue it then there wouldnt
be a public debt since they would not have to borrow money and pay
interest to the bankers who create it from nothing. The Federal
Reserve is a private institution.

"Some people think that the Federal Reserve Banks are United States
Government institutions. They are not Government institutions. They
are private credit monopolies which prey upon the people of these
United States for the benefit of themselves and their foreign
customers; foreign and domestic speculators and swindlers; and rich
and predatory money lenders."
- Congressman Louis T. McFadden, 1932

"The 12 regional reserve banks aren't government institutions, but
corporations nominally 'owned' by member commercial banks.", p. 27.
-Federal Reserve Bank of Chicago, Modern Money Mechanics,

" I wish it were possible to obtain a single amendment to our
Constitution. I would be willing to depend on that alone for the
reduction of the administration of our government to the genuine
principles of its constitution; I mean an additional article, taking
from the federal government the power to BORROW money" - Thomas
Jefferson

     As you can see from Jefferson's quote... if the government could
not borrow from the private banks they would have to create it.
Jefferson was not the only one to recognize the true problem of the
banking establishments:

"All the perplexities, confusions, and distresses in America arise,
not from defects in the Constitution or confederation, not from want
of honor or virtue, as much as from downright ignorance of the nature
of coin, credit, and circulation."
- John Adams

"I have two great enemies, the southern army in front of me and the
financial institutions in the rear. Of the two, the one in the rear is
the greatest enemy. The money power preys upon the nation in times of
peace, and conspires against it in times of adversity. It is more
despotic than monarchy, more insolent than autocracy, more selfish
than bureaucracy. It denounces, as public enemies, all who question
its methods or throw light upon its crimes."
- Abraham Lincoln

     And of course, the power of creating money through loans should
also not be in private hands. Money is the life blood of our nation.
If the banks call in their loans, money is destroyed. If they stop
giving loans out, then no new money is created resulting in
depression.

"The depression was the calculated 'shearing' of the public by the
World Money powers, triggered by the planned sudden shortage of supply
of call money in the New York money market...The One World Government
leaders and their ever close bankers have now acquired full control of
the money and credit machinery of the U.S. via the creation of the
privately owned Federal Reserve Bank."
- Curtis Dall, Franklin D. Roosevelt's son-in-law, as quoted from his
book, "My Exploited Father-in-Law"

"This is a staggering thought. We are completely dependent on the
commercial banks. Someone has to borrow every dollar we have in
circulation, cash or credit. If the banks create ample synthetic money
we are prosperous; if not, we starve. We are absolutely without a
permanent money system. When one gets a complete grasp of the picture,
the tragic absurdity of our hopeless position is almost incredible,
but there it is. It is the most important subject intelligent persons
can investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the
defects remedied very soon."
- Robert H. Hamphill, Credit Manager, Atlanta Federal Reserve Bank

"If the American people ever allow private banks to control the issue
of their currency, first by inflation, then by deflation, the banks
and corporations that will grow up around them will deprive the people
of all property until their children wake-up homeless on the continent
their fathers conquered."
- Thomas Jefferson

     And here are some more quotes on money:

"When a government is dependent upon bankers for money, they and not
the leaders of the government control the situation, since the hand
that gives is above the hand that takes...Money has no motherland;
financiers are without patriotism and without decency; their sole
object is gain."
- Napoleon

"Whomsoever controls the volume of money in any country is absolute
master of all industry and commerce and when you realize that the
entire system is very easily controlled, one way or another, by a few
powerful men at the top, you will not have to be told how periods of
inflation and depression originate."
- James Garfield

"Permit me to issue and control the money of a nation and I care not
who makes the laws."
-Mayer Amschel Rothschild, founder of the Rothschild international
banking dynasty, 1790

"Once a nation parts with the control of its currency and credit, it
matters not who makes the nations laws. Usury, once in control, will
wreck any nation. Until the control of the issue of currency and
credit is restored to government and recognized as its most sacred
responsibility, all talk of the sovereignty of parliament and of
democracy is idle and futile."
- William Lyon Mackenzie King, Prime Minister of Canada, 1935

"The real truth of the matter is, as you and I know, that a financial
element in the large centers has owned the government of the U.S.
since the days of Andrew Jackson."
- Franklin D. Roosevelt

"There is no more direct way to capture control of a nation than
through its credit (money) system."
-Mr Phillip A. Benson, President of the American Bankers' Association,
June 8 1939

"It [Central Bank] gives the National Bank almost complete control of
national finance. Those few who understand the system [check book
money and credit] will either be so interested in its profits, or so
dependant on its favours, that there will be no opposition from that
class, while on the other hand, the great body of the people, mentally
incapable of comprehending the tremendous advantage that capital
derives from the system, will bear its burden without complaint, and
perhaps without even suspecting that the system is inimical [contrary]
to their interests."
- Rothschild Brothers of London, 1863

"I hope we shall crush in its birth the aristocracy of our moneyed
corporations, which dare already to challenge our government to a
trial of strength and bid defiance to the laws of our country."
- Thomas Jefferson

"You (International Bankers) are a den of vipers and thieves. I intend
to rout you out, and by the Eternal God, I will rout you out. If the
American people only understood the rank injustice of our money and
banking system, there would be a revolution before morning."
- Andrew Jackson

"The bold effort the present bank has made to control the Government,
the distress it has wantonly produced...are but premonitions of the
fate that awaits the American People should they be deluded into a
perpetuation of this institution [The Bank of the United States], or
the establishment of another like it."
- Andrew Jackson

"History records that the money changers have used every form of
abuse, intrigue, deceit, and violent means possible to maintain their
control over governments by controlling money and its issuance."
- James Madison

"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 screen...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 of
powerful international bankers virtually run the United States
government for their own selfish purposes. They practically control
both political parties."
- John F. Hylan, New York City Mayor, 1922

"This (Federal Reserve) Act establishes the most gigantic trust
[monopoly] on earth. When the President (Woodrow Wilson) signs this
bill, the invisible government by the Monetary Power will be
legalized. The people may not know it immediately, but the day of
reckoning is only a few years removed. The trusts will soon realize
that they have gone too far even for their own good. The people must
make a declaration of independence to relieve themselves from the
Monetary Power. This they will be able to do by taking control of
Congress. Wall Streeters could not cheat us if you Senators and
Representatives did not make a humbug of Congress...The greatest crime
of Congress is its currency system. The worst legislative crime of the
ages is perpetrated by this banking bill. The caucus and the party
bosses have again operated and prevented the people from getting the
benefit of their own government."
- Congressman Charles A. Lindbergh, Sr., 1913

"Every effort has been made by the Fed to conceal its powers - but the
truth is - the Fed has usurped the Government. It controls everything
here and it controls all of our foreign relations. It makes and breaks
governments at will."
- Congressman Louis T. McFadden, 1934

"Ever since the Civil War, Congress has allowed the bankers to control
financial legislation. The membership of the Finance Committee in the
Senate [now the Banking and Currency Committee] and the Committee on
Banking and Currency in the House have been made up chiefly of
bankers, their agents, and their attorneys...In this way the
committees have been able to control legislation in the interests of
the few."
- Congressman Charles A. Lindberg, Sr.

"While boasting of our noble deeds, we are careful to control the ugly
fact that by an iniquitous money system, we have nationalized a system
of oppression which, though more refined, is not less cruel than the
old system of chattel slavery."
-Horace Greely

"The death of Lincoln was a disaster for Christendom. There was no man
in the United States great enough to wear his boots and the bankers
went anew to grab the riches. I fear that foreign bankers with their
craftiness and tortuous tricks will entirely control the exuberant
riches of America and use it to systematically corrupt modern
civilization."
-OTTO VON BISMARCK, German Chancellor (1815-1898)

" I set to work to read the Act of Parliament by which the Bank of
England was created in 1694. The inventors knew well what they were
about. Their design was to mortgage by degrees the whole of the
country, all the lands, all the houses, and all other property, and
even all labor, to those who would lend their money to the State—the
scheme, the crafty, the cunning, the deep scheme has produced what the
world never saw before—starvation in the midst of plenty."
-WN. COBBETT (LIke in the depression... there was no shortage of
workers, or of resources or work to be done. Just a shortage of money)

"My agency, in promoting the passage of the National Bank Act, was the
greatest mistake in my life. It has built up a monopoly which affects
every interest in the country. It should be repealed, but before that
can be accomplished, the people should be arrayed on one side, and the
banks on the other, in a contest such as we have never seen before in
this country."
-SALMON P. CHASE, (Lincoln's Secretary to the Treasury) who was the
pilot of the 1863 banking act in the US never forgave himself,
subsequently saying:

"The issue which has swept down the centuries and which will have to
be fought sooner or later is The People vs. The Banks."
- Lord Acton, Lord Chief Justice of England, 1875

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