6139008-History-of-Money

of all property until their children wake-up homeless on the continent their fathers conquered. . .The issuing power shouldbe taken from the banks and restored to the government to whom it properly belongs."There are hundreds of quotes on the subject from the Founding Fathers and others who understood this cabal. Betweenfractional reserve and federal government borrowing, money is constantly being created, and this is what causes inflation.Higher inflation leads to lower real wages, because workers are tricked into accepting lower pay. The constantgovernment debt and creation of money is intentional to realize a Keynesian economy, where the whole goal is to getmoney to circulate around as much and as fast as possible. This just leads to mass consumption of natural resources,leading to the imperialism of other countries such as Iraq in order to consume their natural resources. An honestmonetary system, in contrast, would encourage frugality. Individuals, business, and the government would all have topractice fiscal discipline, as money could no longer be created (especially for the government). Since the governmentwould be spending within its means, it wouldn't be priming the Keynesian pump; in fact, the economy wouldn't beKeynesian at all anymore. Finally, frugality would be encouraged -- in this way to a fault -- because the amount of usablegold in the World rises slowly in comparison to the World population, so salaries and prices would trend downward asproduction capacity (from population growth) and productivity (from, e.g., technology) increase. But this deflationary faultis at least honest and understandable, unlike the inflation built into the Keynesian system.Congressman Paul August 30th, 2003: "He asked if there was an international conspiracy to overthrow ourgovernment. The answer is "Yes". I think there are 25,000 individuals that have used offices of powers, and they are inour Universities and they are in our Congresses, and they believe in One World Government. And if you believe in OneWorld Government, then you are talking about undermining National Sovereignty and you are talking about setting upsomething that you could well call a Dictatorship - and those plans are there!..."The Taxpayer Bailout of Central and Local Banks ContinuesWilliam Krehm explained that the Canadian Prime Minister Paul Martin knew exactly what had brought on the financialbust of the late 1980s, and how the banks had been bailed out by enabling them to quadruple their holdings of federalgovernment bonds by being able to acquire them without putting up any of their own money. The statutory reserves -were some 8% to 10% of the deposits the banks received in their chequing accounts that had to be redeposited on aninterest-free basis with the Bank of Canada, but such reserves had been abolished in a bill sneaked through parliament in1991 without debate or press release. When critics dug up the facts of that bailout, the banks cried indignantly: "It was anunjust tax on the banks!" But it was no tax at all. From a "lender of the last resort", the government had simply movedinto the position of "the donor of the first resort". Throughout the 1980s it had bailed out bankrupt banks. And since thegovernment of Canada is the sole shareholder of the Bank of Canada when it switched its borrowing from its own bank tothe distressed banks, they lent back to the government some of the money it had bestowed on them as a gift. That wasthe secret of secrets, the dead rat beneath our floor boards that poisoned the very air politicians breathe. Yet Canadianswho pay, ultimately pay the shot in the GST every time they go into a store. They were the ones who really bailed out ourbanks. The details have been withheld from the public, but the total picture is revealed to them whenever they do a bit ofshopping or drive over the potholes in our roads, or suffer from the crumbling of our infrastructure.Even more scandalous, after being bailed out so sumptuously, the banks were further deregulated and allowed to takeover stock market brokerages in Canada and abroad, and underwriting and merchant banking establishments, derivativeboutiques - such a jumble of businesses incompatible with banking that the mighty banks could not begin to keep track ofthe clashing relationships that resulted. Thus as part of the World-wide bail-out of banks in trouble, the Bank forInternational Settlements, had declared the debt of developed countries to be risk-free , hence requiring no further capitalfor banks to acquire. But at the same time governments throughout the World had put an end to the statutory reserves,that had served as an alternative to higher interest rates to lick perceived "inflation". But if you raise interest rates, thehuge bond hoard with lower coupons held by the banks fall below market value. And the banks thus lose much of theirremaining capital from their very rescue package. In short the right hand of Mr. Martin and his colleagues in charge of ourmoney supply in Canada and abroad, lost rack of what their left hands was up to. That led to a major financial crisis inMexico that would have brought down the entire financial system had the Clinton government in Washington not at thelast moment patched together a $50 billion plus standby program. And meanwhile Mr. Martin as Finance Minister duringthe Chretien government was beating his own drum as a financial expert who merited ten years in power as PM.As further proof of his "fiscal responsibility", he stashed away government revenue to "hide against a rainy day". It was infact the part cost of keeping the sun shining on our banks' excursions into the US financial wild west. Not only were theseincompatible with their banking activities, but not particularly successful. They have already cost them a small fortune.But that was not enough, Mr. Martin got himself into an awful row behind closed doors with the Auditor-General of thatday, Denis Desautels, on the government's practice of ignoring double entry bookkeeping. When it built a bridge, aschool, or a penitentiary, it wrote off the spending in a single year while keeping the debt incurred on its books as aliability. After weeks of wrangling a compromise was reached in which this accrual accountancy (also known as `capitalbudgeting') would be introduced with respect only to the aboriginal peoples' accounts and the environment. That resultedin the discovery of an unrecognized surplus that he wore like a Purple Heart Cross. Yet under the terms of his settlementwith the Auditor-General, the final balance sheets of the government would be subject to approval by the Auditor-General.Until that approval is forthcoming, Mr. Martin is as much in the dark about the government's balance-sheets as thegeneral public. Accordingly it falls to the electorate to decide whether he really has been a prudent administrator, or hasjust bullied his auditor.. In the US intimidating or bribing a company's auditor has earned high executives jail sentences.The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 401