“The method by which the Federal Reserve creates money out of nothing; the concept of usury as the payment of interest on pretended loans; [the true cause of the hidden tax called inflation;] the way in which [the Fed creates boom-bust cycles.]“
Chapter ten begins with, “In the 1940s, there was a comic strip character called Mandrake the Magician. His specialty was creating things out of nothing and, when appropriate, to make them disappear back into that same void. It is fitting, therefore, that the process to be described in this section should be named in his honor. “
There is no wonder that the vast majority of people seem incapable of understanding, or at least believing that “inflation” is a weapon used against the producers of society by the plunderers of its wealth.
It has been written about often, and extensively, “The Creature From Jekyll Island” being one of the most honest and complete chronicles of inflation’s origins and uses.
For some reason, humans are reluctant to believe that the fix could be as simple as returning to a gold standard, and as impossible to accomplish as it has proven.
Fiat money seems essential to the securing of the adequate resources needed to confront national and international catastrophes but likewise creates escalating financial and economic catastrophes.
While people usually look for someone to blame for their misfortunes, they are often reluctant to accept the true identity of those who victimize them. We rarely want to put a face on the true source of our problems if that entity is an accepted, and revered individual or mechanism by our society.
On page 189 Mr. Griffin wrote;
WHAT'S WRONG WITH A LITTLE DEBT?
“There is a kind of fascinating appeal to this theory. It gives those who expound it an aura of intellectualism, the appearance of being able to grasp a complex economic principle that is beyond the comprehension of mere mortals. And, for the less academically minded, it offers the comfort of at least sounding moderate. After all, what's wrong with a little debt, prudently used and intelligently managed? The answer is nothing, provided the debt is based on an honest transaction. There is plenty wrong with it if it is based upon fraud.
An honest transaction is one in which a borrower pays an agreed upon sum in return for the temporary use of a lender's asset.
That asset could be anything of tangible value. If it were an automobile, for example, then the borrower would pay "rent." If it is money, then the rent is called "interest." Either way, the concept is the same.
When we go to a lender—either a bank or a private party—and receive a loan of money, we are willing to pay interest on the loan in recognition of the fact that the money we are borrowing is an asset which we want to use. It seems only fair to pay a rental fee for that asset to the person who owns it. It is not easy to acquire an automobile, and it is not easy to acquire money, real money, that is. If the money we are borrowing was earned by someone's labor and talent, they are fully entitled to receive interest on it. But what are we to think of money that is created by the mere stroke of a pen or the click of a computer key? Why should anyone collect a rental fee on that?”
“When banks place credits into your checking account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to (1) someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here, not about what is legal, but what is moral. As Thomas Jefferson observed at the time of his protracted battle against central banking in the United States, ‘No one has a natural right to the trade of money lender, but he who has money to lend.’"
The Writings of Thomas Jefferson , Library Edition (Washington: Jefferson Memorial Association, 1903), Vol XIII, p- 277-78.
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Americans have grown used to the misuse of debt and are reluctant to accept the unconstitutionality and immorality of using “other people’s money” to amass assets for themselves without actually producing wealth.
This attitude perpetuates a destructive cycle that renders the typical person incapable of embracing the cure.
Like an alcoholic, we reject the fact that we have and are the problem. We refuse to understand that it is our quest for “easy money” that makes us victims of vicious tyrants who seek to enslave us through appeals to our jealous nature.
When I was young, in the early 1960s, a new automobile cost only a few thousand dollars, and a new home cost up to tens of thousands of dollars. This seems inexpensive to the modern American, yet those meager resources were hard to earn.
Today, a new automobile costs tens of thousands, and up to hundreds of thousands. We have grown used to knowing that only a few can afford to purchase a car, new or used, with their own savings. We accept that must borrow money to purchase them, and finance these necessities at the cost of “interest.” We pay this interest to those who have expended little effort in the creation of this so-called “wealth.”
In this example, the lender of fiat assets, the “lender” grows infinitely richer while the borrower, (who believes they are the true beneficiaries,) can truly afford less and less.
Almost every person who works in the financial industry will claim that America could never return to the gold standard and that such a goal is impractical. They will cite “reasons” why this would be “impossible.”
They usually believe that the fix for our economic woes is through “intelligent” currency manipulation of one instrument or another.
It is rare to find someone who understands or will admit that the source of every aspect of America’s modern economic troubles is attributable to the Federal Reserve, and fiat currency.
There is only one correction that can fix these problems, education.
When I say education I am not saying that we should all take economics classes at colleges or universities. I mean that we should read the writings of our founders who knew hundreds of years ago what we find so elusive today, that only gold and silver, (precious metals,) are valuable enough to serve as an equitable medium for exchanging the wealth that Americans produce and store.
At this point, our Congress is so perverted by generations of the lies of central banking, that only the outcry of citizens, I believe that only an Article V convention of states could be strong enough to successfully address this problem.
Only through this process can Americans effectively revolt against the FED and amend the Constitution to obliterate the Federal Reserve and restore America’s gold standard.
For more information on how you can join the efforts of “Convention Of States” to correct this problem, please use this link to access the COS Action website.
Some think that we are past the point of no return and that we must continue to pour good money after bad into the abyss. I do not.
The American experiment has endured for nearly 250 years. This nation is resilient due to the morality of its people, the foresight of its founders, and the grace of God, not through blind faith in pompous “elites.”
God bless you, Dave
“Duty is ours, results are God’s” John Quincy Adams