Wednesday, March 19, 2014
Economy Hits Wall
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
~ Thomas Jefferson
~ Letter to the Secretary of the Treasury Albert Gallatin (1802) 3rd president of US (1743 - 1826)~
The propaganda disinformation printed in text books that says the Boston Tea Party caused the revolt that started the American Revolution is to hide knowledge about central banking and the real reason for the revolt against King George III for outlawing the colonist's debt free Colonial Script (causing a depression) which was a direct threat to the Bank of England's hegemony over the American colonies.
This fiat debt based fractional reserve monetary system that can be contracted to cause economic depression lays at the root of this financial system. Monopolies will always contract the circulating currency disproportionately and a private monopoly on money creation is no exception.
This mechanism is the yoke of perpetual debt servitude that strips wealth detention (savings) by devaluation.
Naturally the monopolies are well buffered and insulated from these manipulated market swings.
The Secret of Oz: Bill Still
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