Billions for the Bankers, Debt for the People! Billions for theBankers, Debt for the PeopleThe Real Story ofthe Money-Control Over AmericabyPastor Sheldon Emry'If theAmerican people ever allow private banks to controlthe issue of their money, first by inflation andthen by deflation, the banks and corporations thatwill grow up around them (around the banks), willdeprive the people of their property until theirchildren will wake up homeless on the continenttheir fathers conquered.' —Thomas JeffersonAmericans, living in what is called therichest nation on earth, seem always to be short ofmoney. Wives are working in unprecedented numbers,husbands hope for overtime hours to earn more, or takepart-time jobs evenings and weekends, children lookfor odd jobs for spending money, the family debtclimbs higher, and psychologists say one of thebiggest causes of family quarrels and breakups is'arguments over money.'
Much of this troublecan be traced to our present 'debt-money'system. Too few Americans realize why our foundingfathers wrote into Article I of the U.S. Constitution:Congress shall have the Power to Coin Money andRegulate the Value Thereof.They did this, as we will show, in prayerfulhope it would prevent 'love of money' fromdestroying the Republic they had founded.
We shall seehow subversion of Article I has brought upon us thehorrors of which Jefferson had warned.MONEY IS MAN'S ONLY'CREATION'Economists use the term 'create' whenspeaking of the process by which money comes intoexistence. Now, creation means making something thatdid not exist before. Lumbermen make boards fromtrees, workers build houses from lumber, and factoriesmanufacture automobiles from metal, glass and othermaterials. But in all these they did not'create,' they only changed existingmaterials into a more usable and, therefore, morevaluable form. This is not so with money. Here, andhere alone, man actually 'creates' somethingout of nothing.
A piece of paper of little value isprinted so that it is worth a piece of lumber. Withdifferent figures it can buy the automobile or eventhe house. Its value has been 'created' inthe true meaning of the wordMONEY 'CREATING'PROFITABLEAs is seen by the above, money is very cheap to make,and whoever does the 'creating' of money ina nation can make a tremendous profit! Builders workhard to make a profit of 5% above their cost to builda house.Auto makers sell their cars for 1% to 2%above the cost of manufacture and it is consideredgood business. But money 'manufacturers'have no limit on their profits, since a few cents willprint a $1 bill or a $10,000 bill.That profit is part of our story, but firstlet us consider another unique characteristic of thething - money, the love of which is the 'root ofall evil.' ADEQUATE MONEY SUPPLY NEEDEDAn adequate supply of money is indispensable tocivilized society.
Sheldon Emry Library
We could forego many other things,but without money industry would grind to a halt,farms would become only self-sustaining units, surplusfood would disappear, jobs requiring the work of morethan one man or one family would remain undone,shipping, and large movements of goods would cease,hungry people would plunder and kill to remain alive,and all government except family or tribe would ceaseto function.An overstatement, you say? Moneyis the blood of civilized society, the means of allcommercial trade except simple barter. It is themeasure and the instrument by which one product issold and another purchased. Remove money or evenreduce the supply below that which is necessary tocarry on current levels of trade, and the results arecatastrophic. For an example, we need only look atAmerica's Depression of the early 1930's.THE BANKERS DEPRESSION OF THE 1930'sIn 1930 America did not lack industrial capacity,fertile-farm land, skilled and willing workers orindustrious farm families. It had an extensive andhighly efficient transportation system in railroads,road networks, and inland and ocean waterways.Communications between regions and localities were thebest in the world, utilizing telephone, teletype,radio, and a well-operated government mail system. Nowar had ravaged the cities or the countryside, nopestilence weakened the population, nor had faminestalked the land.
The United States of America in 1930lacked only one thing: an adequate supply of money tocarry on trade and commerce. In the early 1930's,Bankers, the only source of new money and credit,deliberately refused loans to industries, stores andfarms.Payments on existing loans were requiredhowever, and money rapidly disappeared fromcirculation. Goods were available to be purchased,jobs waiting to be done, but the lack of money broughtthe nation to a standstill. By this simple ployAmerica was put in a 'depression' and thegreedy Bankers took possession of hundreds ofthousands of farms, homes, and business properties.The people were told, 'times are hard,' and'money is short.' Not understanding thesystem, they were cruelly robbed of their earnings,their savings, and their property.MONEY FOR PEACE? MONEY FOR WAR?YES!World War II ended the 'depression.' Thesame Bankers who in the early 30's had no loans forpeacetime houses, food and clothing, suddenly hadunlimited billions to lend for Army barracks,K-rations and uniforms!
A nation that in 1934 couldn'tproduce food for sale, suddenly could produce bombs tosend free to Germany and Japan! (More on this riddlelater.)With the sudden increase in money, peoplewere hired, farms sold their produce, factories wentto two shifts, mines re-opened, and 'The GreatDepression' was over! Some politicians wereblamed for it and others took credit for ending it.The truth is the lack of money (caused by the Bankers)brought on the depression, and adequate money endedit.
The people were never told that simple truth andin this article we will endeavor to show how thesesame Bankers who control our money and credit haveused their control to plunder America and place us inbondage.POWER TO COIN AND REGULATE MONEYWhen we can see the disastrous results of anartificially created shortage of money, we can betterunderstand why our Founding Fathers insisted onplacing the power to 'create' money and thepower to control it ONLY in the hands of the FederalCongress. They believed that ALL citizens should sharein the profits of its 'creation' andtherefore the national government must be the ONLYcreator of money. They further believed that ALLcitizens, of whatever State or Territory, or stationin life would benefit by an adequate and stablecurrency and therefore, the national government mustalso be, by law, the ONLY controller of the value ofmoney.Since the Federal Congress was the onlylegislative body subject to all the citizens at theballot box, it was, to their minds, the only safedepository of so much profit and so much power. Theywrote it out in the simple, but all-inclusive:'Congress shall have the Power to Coin Money andRegulate the Value Thereof.' HOW THE PEOPLE LOST CONTROL TO THEFEDERAL RESERVEInstead of the Constitutional method of creating ourmoney and putting it into circulation, we now have anentirely unconstitutional system. This has resulted inalmost disastrous conditions, as we shall see.Since our money was handled both legally andillegally before 1913, we shall consider only theyears following 1913, since from that year on, ALL ofour money has been created and issued by an illegalmethod that will eventually destroy the United Statesif it is not changed. Prior to 1913, America was aprosperous, powerful, and growing nation, at peacewith its neighbors and the envy of the world.
But - inDecember of 1913, Congress, with many members away forthe Christmas holidays, passed what has since beenknown as the FEDERAL RESERVE ACT. (For the full storyof how this infamous legislation was forced throughour Congress, read The Creature from JekyllIsland, by G. Edward Griffin or Conquestor Consent, by W.
Omittingthe burdensome details, it simply authorized theestablishment of a Federal Reserve Corporation, with aBoard of Directors (The Federal Reserve Board) to runit, and the United States was divided into 12 FederalReserve 'Districts.' This simple, but terrible, law completelyremoved from Congress the right to 'create'money or to have any control over its'creation,' and gave that function to theFederal Reserve Corporation. This was done withappropriate fanfare and propaganda that this would'remove money from politics' (they didn'tsay 'and therefore from the people'scontrol') and prevent 'Boom and Bust'from hurting our citizens. The people were not toldthen, and most still do not know today, that theFederal Reserve Corporation is a private corporationcontrolled by bankers and therefore is operated forthe financial gain of the bankers over the peoplerather than for the good of the people. The word'Federal' was used only to deceive thepeople.MORE DISASTROUS THAN PEARL HARBORSince that 'day of infamy,' more disastrousto us than Pearl Harbor, the small group of'privileged' people who lend us'our' money have accrued to themselves allof the profits of printing our money' - and more!Since 1913 they have 'created' tens ofbillions of dollars in money and credit, which, astheir own personal property, they then lend to ourgovernment and our people at interest.
'The richget richer and the poor get poorer' had becomethe secret policy of our National Government. Anexample of the process of 'creation' and itsconversion to people's 'debt' will aid ourunderstanding.THEY PRINT IT - WE BORROW IT AND PAYTHEM INTERESTWe shall start with the need for money. The FederalGovernment, having spent more than it has taken fromits citizens in taxes, needs, for the sake ofillustration, $1,000,000,000. Since it does not havethe money, and Congress has given away its authorityto 'create' it, the Government must go the'creators' for the $1 billion.
But, theFederal Reserve, a private corporation, doesn't justgive its money away! The Bankers are willing todeliver $1,000,000,000 in money or credit to theFederal Government in exchange for the Government'sagreement to pay it back - with interest! So Congressauthorizes the Treasury Department to print$1,000,000,000 in U.S. Bonds, which are then deliveredto the Federal Reserve Bankers.The Federal Reserve then pays the cost ofprinting the $1,000,000,000 (about $1,000) and makesthe exchange. The Government then uses the money topay its obligations. What are the results of thisfantastic transaction? Well, $1 billion in Governmentbills are paid all right, but the Government has nowindebted the people to the Bankers for $1 billion onwhich the people must pay interest!
Tens of thousandsof such transactions have taken place since 1913 sothat by the 1980's, the U.S. Government is indebted.to the Bankers for over $1,000,000,000,000 (trillion)on which the people pay over $100 billion a year ininterest alone with no hope of ever paying off theprincipal. Supposedly our children and followinggenerations will pay forever and forever!AND THERE'S MOREYou say, 'This is terrible!' Yes, it is, butwe have shown only part of the sordid story. Underthis unholy system, those United States Bonds have nowbecome 'assets' of the Banks in the ReserveSystem which they then use as 'reserves' to'create' more 'credit' to lend.Current 'fractional reserve' requirementsallow them to use 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 theminterest with their only cost being $1,000 forprinting the original $1 billion!
This block buster book by Pastor Emry made waves in the secular world when he clearly showed the fallacy of our money/debt system, to which America is now a slave. Learn how your slave masters control you. As it appears today, all the points made by this book, are coming to pass.
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