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Banking Doom Background Info --- This is for the Newb's and those that don't know

 
DoomPoon
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11/20/2011 06:22 PM
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Banking Doom Background Info --- This is for the Newb's and those that don't know
I will post excerpts from the "Billions to Bankers" pamphlet that is not copyrighted. If accurate, it's a great 'in a Nutshell' overview of why our financial system is Screwed. Remember, this is over ten years old.

First quote:

In 1901 the national debt of the United States was less than $1 billion. It stayed at less than $1 billion until we got into World War I. Then it jumped to $25 billion.

The national debt nearly doubled between World War I and World War II, increasing from $25 to $49 billion.

Between 1942 and 1952, the debt zoomed from $72 billion to $265 billion.

In 1962 it was $303 billion. By 1970, the debt had increased to $383 billion.

Between 1971 and 1976 it rose from $409 billion to $631 billion.

The debt experienced its greatest growth, however, during the 1980s, fueled by an unprecedented peacetime military buildup.

In 1998, the outstanding public debt will roar past $5.5 trillion. The unconstitutional "share" of this debt for every man, woman and child is currently $20,594.86 and will continue to increase an average of $630 million every day, which dosn't include the $26 trillion in individual credit card debts, mortgages, automobile leases and so on.

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If you already know this stuff, please keep snide comments to yourseelf, the thread will die of its own accord. Thanks,


DP

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DoomPoon (OP)

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11/20/2011 06:26 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
More;

History reveals nations can be conquered by the use of one or more of three methods.

The most common is conquest by war. In time, though, this method usually fails, because the captives hate
the captors and rise up and drive them out if they can. Much force is needed to maintain control, making it
expensive for the conquering nation.

A second method is by religion, where men are convinced they must give their captors part of their
earnings as "obedience to God." Such a captivity is vulnerable to philosophical exposure or by overthrow
by armed force, since religion by its nature lacks military force to regain control, once its captives become
disillusioned.

The third method can be called economic conquest. It takes place when nations are placed under "tribute"
without the use of visible force or coercion, so that the victims do not realize they have been conquered.

"Tribute" is collected from them in the form of "legal" debts and taxes, and they believe they are paying it
for their own good, for the good of others, or to protect all from some enemy. Their captors become their
"benefactors" and "protectors".

Although this is the slowest to impose. It is often quite long lasting, as the captives do not see any military
force arrayed against them, their religion is left more or less intact, they have freedom to speak and travel,
and they participate in "elections" for their rulers. Without realizing it, they are conquered, and the
instruments of their own society are used to transfer their wealth to their captors and make the conquest
complete.

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It gets better,

DP
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DoomPoon (OP)

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11/20/2011 06:29 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
This is where is gets interesting:

The Real Story of Money Control in America

Americans, living in what is called the richest nation on earth, seem always to be short of money. It's
impossible for many families to make ends meet unless both parents are in the work force.

Men and women hope for overtime hours or take part time jobs evenings and weekends; children look for
odd jobs for spending money; the family debt climbs higher.
Psychologists say one of the biggest causes of family quarrels and breakups is "arguing over money."

Much of this trouble can be traced to our present "debt-money" system.

Too few Americans realize why the Founders wrote into Article I of the U. S. Constitution:
"Congress shall have the power to coin money and regulate the value thereof."
They did this, as we will show, in the hope that it would prevent "love of money" from destroying the Republic they had founded.

**********************************************************

Want more?

DP
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DoomPoon (OP)

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11/20/2011 06:33 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
More:


Money is "Created", Not Grown or Built.

Economists use the term "create" when speaking of the process by which money comes into existence. "Creation" means making something which did not exist before.

Lumber workers make boards from trees, workers build houses from lumber, and factories manufacture automobiles from metal, glass and other materials. But in all these they did not actually "create." They only changed existing materials into a more usable and, therefore, more valuable form.

This is not so with money. Here, and here alone, man actually "creates" something out of nothing. A piece of paper of little value is printed so that it is worth a piece of lumber. With different figures it can buy the automobile or even the house. It's value has been "created" in the truest sense of the word.

As is seen by the above, money is very cheap to make, and whoever does the "creating" of money in a nation can make a tremendous profit.

Builders work hard to make a profit of 5 percent above their cost to build a house. Auto makers sell their cars for 1 percent to 2 percent above the cost of manufacture and it is considered good business.

But money "manufactures" have no limit on their profits, since a few cents will print a $1 bill or a $10,000 bill.

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The story is just getting interesting....

DP
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DoomPoon (OP)

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11/20/2011 06:36 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
More foundational info:

Adequate money supply needed

An adequate supply of money is indispensable to civilized society. We could forego many other things, but without money industry would grind to a halt, farms would become only self-sustaining units, surplus food would disappear, jobs requiring the work of more than one man or one family would remain undone, shipping and large movement of goods would cease, hungry people would plunder and kill to remain alive, and all government except family or tribe would cease to function.

An overstatement, you say? Not at all. Money is the blood of civilized society, the means of all commercial trade except simple barter. It is the measure and the instrument by which one product is sold and another purchased. Remove money or even reduce the supply below that which is necessary to carry on current levels of trade, and the results are catastrophic.

For an example, we need only look at America's depression of the early 1930's.

*********************************************************

I'll throw a couple more out there and then see if this thread has legs of its own.

DP
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DoomPoon (OP)

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11/20/2011 06:38 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
Now for some history:

Bankers' Depression of the 1930's.


In 1930 America did not lack industrial capacity, fertile farmlands, skilled and willing workers or industrious families. It had an extensive and efficient transportation system in railroads, road networks, and inland and ocean waterways. Communications between regions and localities were the best in the world, utilizing telephone, teletype, radio, and a well operated government mail system.

No war had ravaged the cities or the countryside, no pestilence weakened the population, nor had famine stalked the land. The United States of America in 1930 lacked only one thing: an adequate supply of money to carry on trade and commerce.

In the early 1930s, bankers, the only source of new money and credit, deliberately refused loans to industries, stores and farms. Payments on existing loans were required however, and money rapidly disappeared from circulation. Goods were available to be purchased, jobs waiting to be done, but the lack of money brought the nation to a standstill.

By this simple ploy America was put in a "depression" and bankers took possession of hundreds of thousands of farms, homes, and business properties. The people were told, "times are hard" and "money is short." Not understanding the system, they were cruelly robbed of their earnings, their savings, and their property.

**********************************************************

Catching on yet?

DP
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DoomPoon (OP)

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11/20/2011 06:41 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
One more to see if this takes:

No Money for Peace, but Plenty for War.

World War II ended the "depression." The same Bankers who in the early 1930's had no loans for peacetime houses, food and clothing, suddenly had unlimited billions to lend for army barracks, K-rations and uniforms.

A nation that in 1934 could not produce food for sale, suddenly could produce bombs to send free to Germany and Japan!

With the sudden increase in money, people were hired, farms sold their produce, factories went to two shifts, mines reopened, and "The Great Depression" was over!

Some politicians were blamed for it and others took credit for ending it. The truth is the lack of money (caused by Bankers) brought on the depression, and adequate money ended it.

The people were never told that simple truth how these same bankers who control our money and credit have used their control to plunder America and place us in bondage.

***********************************************************

Should be clearing up now.

DP
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DoomPoon (OP)

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11/20/2011 06:44 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
..................

Power to Coin and Regulate Money

When we can see the disastrous results of an artificially created shortage of money, we can better understand why our Founding Fathers, who understood both money and God's Laws, insisted on placing the power to "create" money and the power to control it ONLY in the hands of the Federal Congress.

They believed that ALL Citizens should share in the profits of its "creation" and therefore the Federal government must be the only creator of money. They further believed that all citizens, of whatever state, territory or station in life, would benefit by an adequate and stable currency. Therefore, the Federal government must also be, by law, the only controller of the value of money.

Since the Federal Congress was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in simple, but all inclusive manner: "Congress shall have the power to Coin Money and Regulate the Value Thereof."

***********************************************************

You gotta at least agree with this passage.

DP
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DoomPoon (OP)

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11/20/2011 06:48 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
And on to the FED, the root of all evil in this thread:

How We Lost Control of the Federal Reserve


Instead of the Constitutional method of creating our money and putting it into circulation, we now have and entirely unconstitutional system. This has brought our country to the brink of disaster, as we shall see.

Since our money was handled both legally and illegally before 1913, we shall consider only the years following 1913, since from that year on, all of our money had been created and issued by an illegal method that will eventually destroy the United States if it is not changed.

Prior to 1913, America was a prosperous, powerful, and growing nation. But in December of 1913, Congress, with many members away for the Christmas Holidays, passed what has since been known as the Federal Reserve Act.

Omitting the burdensome details, it simply authorized the establishment of a Federal Reserve Corporation, run by a Board of Directors (The Federal Reserve Board). The act divided the United States into 12 Federal Reserve "Districts."

This simple, but terrible, law completely removed from Congress the right to "create" money or to have any control over its "creation", and gave that function to The Federal Reserve Corporation. It was accompanied by the appropriate fanfare. The propaganda claimed that this would "remove money from politics" (they did not say "and therefore from the people's control")and prevent "boom and bust" economic activity from hurting our citizens.

The people were not told then, and most still do not know today, that the Federal Reserve Corporation is a private corporation controlled by bankers and therefore is operated for the financial gain of the bankers over the people rather than for the good of the people. The word "Federal" was used only to deceive the people.

************************************************************


Oh it gets better if interested,

DP
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DoomPoon (OP)

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11/20/2011 06:54 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
And here's where the rubber meets the road:

More Disastrous than Pearl Harbor

Since that "day of infamy", more disastrous to us than Pearl Harbor, the small group of "privileged" people who lend us "our" money have accrued to themselves all of the profits of printing our money -- and more! Since 1913 they have "created" tens of billions of dollars in money and credit, which, as their own personal property, they can lend to our government and our people at interest (usury).

"The rich get richer and the poor get poorer" had become the secret policy of the Federal government. An example of the process of "creation" and its conversion to peoples "debt" will aid our understanding.

Billions in Interest Owed to Private Banks

We shall start with the need for money. The Federal Government, having spent more than it has taken from its citizens in taxes, needs, for the sake of illustration, $1,000,000,000. Since it does not have the money, and Congress has given away its authority to "create" it, the Government must go to the "creators" for the $1 billion.

But, the Federal Reserve, a private corporation, does not just give its money away! The Bankers are willing to deliver $1,000,000,000 in money or credit to the Federal Government in exchange for the government's agreement to pay it back -- with interest.

So Congress authorizes the Treasury Department to print $1,000,000,000 in U.S. Bonds, which are then delivered to the Federal Reserve Bankers. The Federal Reserve then pays the cost of printing the $1 billion (about $1,000) and makes the exchange. The government then uses the money to pay its obligations.

What are the results of this fantastic transaction? Well, $1 billion in government bills are paid all right, but the Government has now indebted the people to the bankers for $1 billion on which the people must pay interest!

Tens of thousands of such transactions have taken place since 1913 so that in 1996, the U.S. Government is indebted to the Bankers for more than $5,000,000,000,000 (trillion).

Most of the income taxes that we pay as individuals now goes straight into the hands of the bankers, just to pay off the interest alone, with no hope of ever paying off the principle. Our children will be forced into servitude.

But wait! There's more!

You say, "This is terrible!" Yes, it is, but we have shown only part of the sordid story. Under this unholy system, those United States Bonds have now become "assets" of the banks in the Reserve System which they then use as "reserves" to "create" more "credit" to lend.

Current "reserve" requirements allow them touse that $1 billion in bonds to "create" as much as $15 billion in new "credit" to lend to states, municipalities, to individuals and businesses.

Added to the original $1 billion, they could have $16 billion of "created credit" out in loans paying them interest with their only cost being $1,000 for printing the original $1 billion! Since the U.S. Congress has not issued Constitutional money since 1863 (more than 100 years), in order for the people to have money to carry on trade and commerce they are forced to borrow the "created credit" of the Monopoly bankers and pay them usury-interest!

**********************************************************

I'll stop now to see if interest perks.

Peace,

DP
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Anonymous Coward
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11/20/2011 06:55 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
Trouble is




no 'newb's going to thank you.
DoomPoon (OP)

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11/20/2011 07:19 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
Trouble is




no 'newb's going to thank you.
 Quoting: Anonymous Coward 3674072


I'm not out for thanks my friend. It's enough to 'expose' the manipulative system we live in. That's my thanks.

DP
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Anonymous Coward
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11/20/2011 08:16 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
Thank you 4 your thread.

a friend.
DoomPoon (OP)

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11/20/2011 11:17 PM
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Re: Banking Doom Background Info --- This is for the Newb's and those that don't know
Thank you 4 your thread.

a friend.
 Quoting: Anonymous Coward 5755635


That was nice, thank you. I needed that after reading the secret plot against Japan (Fukushima sabatoge) thread.

DP
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