6139008-History-of-Money

dominated by the Pharisees. In the 19th century this council "described itself as the learned Elders of Zion".We learn that there is a group within the Elders which infiltrates and creates secret societies - such as theMasons - known as 'The Brotherhood of the Snake ... In modern times this brotherhood has adopted the titleof Illuminati" (p.74) and created Zionism. A lot more on this later.Representative Wright Patman, formerChairman of a House Banking Committeesaid: "The Federal Reserve Banks create moneyout of thin air to buy Government bonds... TheFederal Reserve Bank is a total money makingmachine." [Monopoly on counterfeiting money]In 1913, before the Senate Banking andCurrency Committee, Mr. Alexander stated:"But the whole scheme of a Federal ReserveBank with its commercial-paper basis is animpractical, cumbersome machinery, is simply acover, to find a way to secure the privilege ofissuing money and to evade payment of asmuch tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is asystem that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. Itwill mean continued shortage of actual money and further extension of credits; for when there is a lack of real moneypeople have to borrow credit to their cost."Former Federal Reserve Bank Chairman Eccles was asked by Patman, "Mr. Eccles, how did you get the money tobuy these two billion dollars of government bonds." Mr. Eccles replied, "We create it." "Out of what?" Patman asked. "Outof the right to issue credit money", i.e. out of nothing. This right to create money out of thin air was given to the PrivateFederal Reserve Bank by a fraudulent act of Congress in 1913 known as the Federal Reserve Act, same fraud has beenhappening since the 17th century with the Private Bank of England and other banks. The FED issues Federal Reservecheques redeemable as Federal Reserve Notes only with no liability to itself. The Fed is not subject to taxes and fullaudits. The local banks create credit money as well but not currency notes.Money as detailed in the Introduction, if it's legitimate, is a Commodity Substitute. A commodity substitute isrequired to facilitate and speed up the exchange of goods and services. Money that is backed by an existingasset is real money. However, today’s paper notes and credit balances are like IOUs or promissory notes, i.e.they are a promise to provide a commodity at some point in the future and are not really money. We areliving in a system that is producing “fiat” or illusionary money.(http://www.canadianactionparty.ca/MainPages/Comic.asp?Page=4&Language=English). Real money isdebt free and whether it is a coin or a real money note, it represents real value. Fiat money is a debt andwhether it is a Federal Reserve Dollar Note (FRN) or a credit in a bank account, it represents an IOU from theFederal Reserve or local bank against (which no asset exist) to the holder of that account. The private issuergets to place a demand against everyone else’s assets or products and services without any liability to theprivate issuer, i.e. a big legalized fraud.Why do We Need “Money”?Money is a commodity substitute that facilitates trade. Why do we need money? Well, when we sell or buy some goods orservices, in exchange, we can be given:• a commodity (barter)• real money (gold, silver or certificates of gold, silver)• fiat money (a promise to pay such as Federal Reserve Notes known as US dollar notes) or• other arrangementsThe first Roman mint was built in or adjacent to the temple of a goddess named Juno Moneta in 289 B.C. originallyproducing bronze and later silver coins. Many of these coins were struck with the head of Juno Moneta on the face.Whether this was done in tribute or to identify the mint is not known, but moneta came to be the word for both coin andmint, and eventually the word money. But now we have paper notes:Irving Fisher: "Thus, our national circulating medium is now at the mercy of loan transactions of banks,which lend, not money, but promises to supply money they do not possess."Major L.L.B. Angas: "The modern Banking system manufactures money out of nothing. The process is perhaps the mostastounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint, and un-mint the modernledger-empty currency."A quote from a 1924 edition of the American Banker's Association Digest sums up what is currently happening.Keep this in mind when you vote: "When, through the process of law, the common people lose their homes, they willbecome more docile and more easily governed through the strong arm of government applied by a central power ofwealth under leading financiers. These truths are well known among our principal men who are now engaged in formingThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 188