6139008-History-of-Money

With the formation of the Bank of England in 1694 (same thing happened with the formation of the Fed in 1913), thenation was soon awash in money. Prices throughout the country doubled. Massive loans were granted for just about anywild scheme. One venture proposed draining the Red Sea to recover gold supposedly lost when the Egyptian armydrowned pursuing Moses and the Israelites. By 1698, just four years later, government debt had grown from the initial 1-1/4 million pounds to 16 million. Naturally, taxes were increased and then increased again to pay for all this. With theBritish money supply firmly in their grip, the British economy began a wild roller coaster series of booms and depressionsexactly the sort of thing a central bank claims it is designed to prevent. The private Federal Reserve pretends to fightinflation whilst it is itself the cause of inflation! Even after this subtle change in currencies, the illusion still remained insociety that hard work and productivity create money. This illusion is there because workers receive money in exchangefor their labour or productivity. Money comes into our existence through our productivity, and thus it is easy to assumethat is how money is created in the first place. Nothing is further from the truth. Hard work and productivity no longerhave any direct link at all to creating money. They only move money around. Because of the way money is now created,money can no longer reflect the overall productivity of industries or countries. History demonstrates that bypassing theCentral Banks and producing interest-free money according to need does not have to cause inflation. This is because it'snot the source of needed money which is inflation's cause, but 'the way in' which it is produced and used and the interestthat is paid on it to the private Central Bankers."In his book, "Rogue State: A Guide to the World's Only Superpower," William Blum warns of how the media will makeanything that smacks of "conspiracy theory" an immediate "object of ridicule." This prevents the media from ever havingto investigate the many strange interconnections among the ruling class -- for example, the relationship between theboards of directors of media giants, and the energy, banking and defense industries. These unmentionable topics areusually treated with what Blum calls "the media's most effective tool -- silence." But in case somebody's asking questions,all you have to do is say, "conspiracy theory," and any allegation instantly becomes too frivolous to merit seriousattention."Congressional records prove that FED bankers routinely hold secret meetings to profit by manipulating the stock marketvia interest rates and the amount of money they create. FED bankers also profit greatly from economic disasters like theDepression. The bankers create inflation, sell their stocks before the market crashes, then buy up stocks at cheaperprices. Bankers admitted this to Congress. This violates the law, yet Congress does not act because these bankers arelarge political contributors. Thomas Jefferson predicted this scenario if we ever allowed a private bank, like the FED, tocreate our currency. In order to clearly establish that this is not a conspiracy theory, but is actually how things arecontrolled, we further quote Charles Lindbergh (R-MN). From the house of representatives, Lindbergh was well placedto see exactly what was happening back then and continues to happen today: "To cause high prices all the FederalReserve board will do will be to lower the re-discount rate..., producing an expansion of credit and a rising stock market;then when... business men are adjusted to these conditions, it can check... prosperity in mid-career by arbitrarily raisingthe rate of interest It can cause the pendulum of a rising and falling market to swing gently back and forth by slightchanges in the discount rate, or cause violent fluctuations by greater rate variation, and in either case it will possessinside information as to financial conditions and advance knowledge of the coming change, either up or down. This is thestrangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that everexisted. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use ofother people's money. They know in advance when to create panics to their advantage. They also know when to stoppanic. Inflation and deflation work equally well for them when they control finance..."“The major cause of inflation and the economic collapse was the deliberately created credit inflation by the ‘privatelyowned’Federal Reserve.” [Equally deliberately used here by Nigel Lawson and the still privately owned and privatelycontrolled Bank of England]James Garfield became President in 1881 with a firm grasp of where the problem lay. "Whosoever controls thevolume of money in any country is absolute master of all industry and commerce... And when you realise that the entiresystem is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told howperiods of inflation and depression originate." Within weeks of releasing this statement President Garfield wasassassinated.Inflation is a hidden tax on financial assets. Under inflation, our government is the biggest winner. Not only is theTreasury’s debt burden reduced, but inflation automatically raises taxes! This tax is paid by those unlucky investors,corporations, and foreign central banks that hold financial assets denominated in the currency that is inflating. After taxeson non-inflation adjusted capital gains because the cost basis of assets in the U.S. Tax Code is not indexed upwards forinflation, the investor actually lost money! Inflation is a silent, and extremely efficient, robber of value. If you own stocks,bonds, mutual funds, REIT’s, or even cash, you’ll pay an inflation tax. This tax is the result of the United States’ Treasuryspending far more than they collect in traditional taxes and issuing debt, which is then bought by the Federal Reserve.The Fed then prints up brand new fresh dollars, out of thin air, to finance the government spending that is not paid for bydirect taxes. Since someone owns the existing financial assets, someone will have to pay the tax. The only way to avoidthe inflation tax is to hold as much of one’s wealth in non-financial assets, but this may be easier said than done.Unbeknownst to most investors, inflation also taxes financial instruments. Consider the poor soul who wants to saveenough to buy bonds that will generate enough income for a comfortable retirement. When inflation really kicks in, thisimaginary interest on bonds is simply compensation for the falling value of the dollar. On closer examination, to preserveone’s capital in an inflationary environment, most of the interest earned must be reinvested or it will be inflated away. Butdon’t forget that the IRS taxes the interest that is paid for the use of the money, as well as the interest that is paid toThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 110