6139008-History-of-Money

Before, all governments and banks could issue notes and credits. Today, only a chartered bank is allowed to create crediton behalf of the owners of the bank, and only the privately owned central banks can issue non-redeemable notes,in addition to creating credit. However, through the power of fraudulent legislation, you are legally obliged to acceptthese private bank notes or credit in fulfillment of a debt owed to you. This will be explained in details later. The banknever wants the government or you to repay the loan. They just want to keep collecting interest on the money theycreated from nothing, i.e. that’s their cash cow or river of money! We saw that the bank created money from nothingwhen the government or you went to get a loan. But where is the money going to come from to pay the interest?Well, looks we have a shortfall and it will also have to be created from nothing through more loans and voila, we are in anever increasing total debt spiral! The money that was used to pay the interest is no longer in circulation and will notreturn into circulation until the bank either gives it away in charity or someone else borrows it. It’s a giant pyramidscheme in many ways as we will see later when the people behind this are described, with the Illuminati Bankingdynasties at the top, then the United States and the Third World Masses at the bottom! There will never be enough moneyin circulation for consumers to buy all the goods whilst inflated interest monies keep disappearing into the pockets of theIlluminatis, who use it for money marketeering, real estate hikes and inflating shares. People are forced to compete bygrasping at scarce dollars. Citizens live in ongoing fear of not having enough personally.Governments regularly make up the inevitable shortfall of money with infrastructure gifts, subsidies and tax breaks,mainly to big business, giving corporations the appearance of efficiency. For example, multinationals pay almost no tax inAustralia, and hold the government to ransom. No wonder we pay a multitude of taxes and can’t afford decent hospitalsor environmental repair! The taxes go to pay interest to the Illuminatis. We are told to produce more stuff (this is calledeconomic growth) and export to get ourselves out of scarcity. But this is unsustainable. At a growth rate of just 4% peryear, in 100 years the global economy would be 50 times larger than today. Moreover, much growth is at the expense ofthe environment, and its distribution is such that the rich are getting richer at the expense of everyone’s children.1910: U. S. Federal debt was $1 billion or $12.40 per citizen. State and local debts were practically non-existent.1920: Federal debt jumped to $24 billion or $228 per person after only six years of Federal Reserve shenanigans.1960: Federal debt reached $284 billion, or $1,575 per citizen and state and local debts were mushrooming.1997: Federal debt passed $5.5 trillion and is growing exponentially.2004: Federal and State debt passed $15 trillion, total debt is over $30 trillion (half the taxes go to pay interest)State and local debts are increasing as fast Federal debts. However, they are too cunning to take the title to everything atonce. They instead leave us with some "illusion of ownership" so you and your children will continue to work and pay theIlluminati Bankers more of your earnings on ever increasing debts. The "establishment" has captured our people with theirdebt-money system as certainly as if they had marched in with a uniformed army. From the 1 billion dollar governmentdebt in 1910 before the privately owned Federal Reserve Bank was created, we are now at over 15 trillion totalgovernment debt or $50,000 per American and growing and most of the taxes go to pay the interest; and we definitelycannot repay the debt because the taxes we collect barely pay the interest on that debt!! There will be mass misery andslavery when this pyramid collapses!!! Most businesses will, in time, fail or be forced to restructure. Or a war orexploitation will be required to impoverish another nation to keep this economy going! The total amount owed – byconsumers, businesses, governments and financial institutions – totaled $34.4 trillion at the end of 2003, according to theFederal Reserve. The economy produced $11.3 trillion of output. That makes the nation's debt triple its gross domesticproduct. In 1933, debt was about 2 1/2 times GDP, according to a study by the Gabelli Mathers mutual fund. Lets look atit another way. The debt interest costs must be added to the costs of goods and services. As this unpayable cost (theinterest) is transferred from one party to another, it compounds and the prices (the cost-of-living) constantly rise.However, simply increasing prices does not mean that the money to pay the higher prices automatically exists in theeconomy. This is evidenced by our year-end Total Public and Private debt of $35 Trillion and our Total Money Supply-thetotal amount of available money to pay these debts is only $5 trillion. This difference of debt/supply is why we are havingmore and more economic stress. When prices are marked up to cover the cost of debt interest, volume purchasing mustdrop if the available money supply does not increase by the same amount.For example: Your 100 dollar paycheck buys 10 items at $10. When the price of those items increases to $11 you canonly buy 9 items. Your standard of living has dropped. Demand and sales drop. Demand for workers drop. The economyjumps up and down. Over the long haul the debt constantly grows. Employment at livable wages declines. The purchasingpower of the credit money declines. This causes more and more people to have a difficult time making ends meet.Growing money shortages increase the demand for new, costly social programs. These are paid for by taxing the evershrinking numbers of 'haves' to pay for the growing number of 'have-nots'. This fact is expressed daily in our growingconcern over two questions: Why is everything getting so expensive? Where will we get the money to pay for all thethings needed and the programs demanded? Working harder, faster, smarter, leaner, more efficiently and 'creating lowerpaying jobs' only shuffles existing money, it does not increase the money supply.Horace Greely 1811-1872: "While boasting of our noble deeds, we are careful to control the ugly fact that by aniniquitous money system, we have nationalized a system of oppression which, though more refined, is not less cruel thanthe old system of chattel slavery."If the money is issued by a privately owned corporation, its owners benefit by causing the money amount and its value tofluctuate and causing the people to go into debt and pay interest permanently through taxes. Under the present debtusurysystem, the extra burden of usury forces workers and businesses to demand more money for the work and goods toThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 108