6139008-History-of-Money

out in note form, fractional reserve of 10%). Today, privately owned Central/National/Federal Reserve Banks usually havea nation/union-wide monopoly of issuing bank notes.On January 24, 1939, Robert H. Hemphill, credit Manager of the Federal Reserve Bank of Atlanta stated: "If allthe bank loans were paid no one would have a bank deposit and there would not be a dollar of coin or currency incirculation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrowevery 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 thetragic absurdity of our hopeless position is almost incredible, but there it is. It (the banking problem) is the mostimportant subject intelligent persons can investigate and reflect upon. It is so important that our present civilization maycollapse unless it becomes widely understood and the defects remedied very soon." This usually ends up with depressions,bail-outs, bankruptcies, failures or countries and individuals selling their assets to the mega-banking dynasties at bargainbasement prices, i.e. slavery. At first glance, fractional banking looks like a good deal for everyone. The banks get moreprofit. The people can get quicker and easier loans. More capital is available to engage in commerce. Production picks up.But, sooner or later, more and more people can not make their loan payments. An unseen by-product of fractionalbanking is: it makes some people rich, (about 250,000) and leaves many more people very poor (about 150 million). Allthe while, fractional banking creates compounding, unpayable public and private debt, which causes the cost of living toconstantly go up for all Americans and others throughout the World.More Details on UsuryIn its broadest historic connotation, usury has meant unearned profit of any kind. This would apply to government profitabove the true costs of government service. It would apply to government charges for unassented service. It would applyto charges attached to a currency which truly only represents the people's debts to each other. It would apply to anyprejudice of trade which intervenes upon receipt of wealth equal to the production delivered in every attempt at equaltrade. Usury exists then, wherever any party is deprived of receiving for their production, production of equal value. Usuryexists wherever any person fails to realize prosperity equal to their doings. A narrower category of usury applies tocharging interest for money. Usury is forbidden to Christianity. The Islamic equivalent is "Riba." Riba is forbidden to boththe giver and taker. Judaism forbids usury among the Semitic, but preaches usury against the non-Semitic. MayerAmschel Rothschild was prepared by his father to become a Rabbi. Ferociously, he deployed the teachings of unearnedprofit instead to multiply an embezzled fortune into the House of Rothschild — precursor to the modern, World-widenetwork of central banks. The money changers of Christ's famous episode at the over-run Temple practiced this ethic ofunearned profit, and unfair trade. Fittingly, usury has been called, an abomination that makes desolation. Hence the greathistoric, social, and religious significance of usury. The economic instability, mal-distribution of production, anduncertainty of modern times, are solely the product of usury.Without qualification, advocates of unearned profit suggest that "interest" is somehow not usury — that while "usurious"interest rates are indeed harmful, there are lower magnitudes of usury which are not. Whether interest is trulydistinguishable from usury therefore, can be understood by examining the possible magnitudes of "interest." Unless ourpurpose is deception necessary itself to unearned profit, why and how establish an ostensibly "legal," ostensiblyserviceable, ostensibly conducive, ostensibly undamaging rate of usury, called "interest"? Unless we can distinguish theconsequences of some ostensible rate of "interest" from the consequences of usury, then introduction of the more recentterm would serve no purpose whatsoever but to perpetrate usury upon an unapprehending public. Unearned profit ischampioned by modern "economics" — in every possible instance, solely at the cost of true producers. But is there amagnitude of interest which is not usurious? While this too is the preaching of the modern "economist," no "economist" ineternity has shown how. Where any part of the circulation whatsoever is subject to any magnitude of "interest"whatsoever, the circulation can only be maintained by re-borrowing payments against principal and interest, assubsequent debts, increased so much as periodic interest. No matter the magnitude of interest or usury, debt is multipliedin proportion to the circulation. The magnitude of interest or usury therefore only regulates the rate at which debt ismultiplied in proportion to the commerce. As debt is multiplied in proportion to given commerce, ever less of a givencirculation is available to sustain commerce, because ever more of the given circulation is subverted to deliveringunearned profit in the form of interest on the multiplied debt. Eventually then, the costs of servicing debt exceed thecapacity to sustain commerce; and thus, regardless of the ostensible magnitude of interest, any possible rate of interestlikewise multiples debt into unconscionable, unearned profit, in the identical form of the maximum possible, affordablesum of interest, on some insoluble sum of debt. Just the same, interest ultimately renders collapse under insoluble debt.Interest is usury. Interest is usurious. Interest Multiplies Debt Into Insoluble Debt Any 'economy' subject to interestbearingdebt, ultimately terminates itself under insoluble debt. http://www.perfecteconomy.com/pg-interest-multipliesdebt.htmlWe hold these truths to be self-evident: That all men are created equal; that they are endowed by their Creator withcertain unalienable rights; that among these are life, liberty, and the pursuit of happiness; that, to secure these rights,governments are instituted among men, deriving their just powers from the consent of the governed... Thomas Jefferson,United States Declaration of Independence. Why however, would any society forego a currency consistent with freeenterprise, for a currency subject to profit? As money is not given to circulation, it can only come into circulation asevidence of debt. Ideally, in order to accommodate commerce, new circulation is provided proportionate to newproduction, and withdrawn with the expiration of that production. The quantity of circulation required to sustain therespective commerce, is the value of the production. A debtor certifies the value, by assuming a debt of so much. Thedebtor thus assumes responsibility to pay for the production with an equal measure of their own work, if and only if,fulfilling the obligation of the debt requires an equal measure of production. Where the currency is solely an immutableThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 194