Saturday 24 July 2010

THE BIGGEST CRIME OF ALL TIME

INTRODUCTION

The biggest secret in the world today has nothing to do with aliens, the unexplained aspects of Princess Diana’s death or who was really behind 9/11.

The biggest secret is, in truth, not a secret at all, because the information is already in the public domain, but is not spoken about, because if it were to become widely known, the grip on power of the financial elite, who control the world, would be lost and their massive fortunes put at risk.

The purpose of this article, therefore, is to bring this information, with a full understanding of how it affects us, into the glare of public scrutiny and debate, so that we have the ammunition to end the tyranny.

This is the biggest and most important story of our times. It is the revelation of how the ‘fractional reserve’ banking system (FRBS) controls economic life on this planet and how it enslaves the people.

This expose aims to explain in layman’s terms how the ‘bankster’s’ have not only been stealing your money, but how they have also been preventing you from receiving the abundance to which you are entitled by divine law.

This scheme for transferring your wealth to the banks is a work of pure genius. It is the greatest Ponzi scheme ever devised and has resulted in its perpetrators amassing fortunes measured in tens, if not hundreds of trillions of pounds. In fact it is so ingenious that you are not even aware that you are being robbed.

In this article I explain how this Luciferian deception works and how it is the root cause of all our economic problems today.

I promise you that it is worth the twenty or so minutes of your time that it will take you to read.



THE FIRST LIE - THERE IS LACK OF MONEY


The first lie I wish to expose is that there is no alternative policy to the one that the present coalition government and indeed most governments in the western world are pursuing, which involves a huge reduction in Government spending.

The simple truth is that if we abandoned the fractional reserve banking system (FRBS) and replaced it with a ‘sound money’ system this unfolding economic tragedy could be avoided.

If you think about it logically, why is it that that our crumbling schools cannot be rebuilt or our pot holed roads repaired?

It is not for want of the labour, materials or equipment, as we have all of these in abundance. No, the problem we are told is the lack of money.

But are the politicians right? Is there really a shortage of cash or is there something they are not telling us?

Well, under the fractional reserve banking system (FRBS) that operates in most countries, the primary source of the money that we need to cover our daily living expenses and transact business - is the private banking network.

However, since the ‘Credit Crunch’ of 2008, the banks have been saying that they have less money to lend because people are defaulting on their loans. Well, that is true to a point, but what they are not revealing is that people are defaulting on their loans not because they are feckless, or irresponsible, or incompetent business people, but because the banks who charge interest on these loans are not creating the money to cover the interest payments.

I am going to repeat what I have just said because it is absolutely crucial that this point is understood in order to fully appreciate how this aspect of the fractional reserve banking scam works.

THE BANKS DO NOT CREATE THE MONEY TO COVER THE INTEREST PAYMENTS THAT THEY CHARGE ON THEIR LOANS

They create the money to cover the capital, which is the amount that is credited to your bank account when your loan is approved, but they do not create the money to cover the interest, which you have to pay back in addition to the capital.

So if you borrow £5,000 on which the total interest is £2,000 the bank only creates £5,000. But you will need to find £7,000 to pay back the loan in full.

If this point is still not clear in your mind, I suggest you take a look at a loan or mortgage agreement and see how much the lender requires you to pay them back and then compare that figure with the amount that you were advanced when the loan was agreed. The difference between to the two figures is the amount of interest that you will have to pay back, but which the bank did not give you so that you could pay it back!

So you can see that this shortage of money must cause problems in the economy, because the banks have - by not creating the money to cover the interest - made it impossible for all people to pay back their loans.

THE SECOND LIE – BANKS WANT YOUR MONEY

So why have the banks made it impossible for all people to pay back their loans?

Well, it is to create a situation whereby those who are forced to default on their loans forfeit their property (i.e. their real assets like land, homes, shares etc.) to the banks because that is what the banks really want – tangible assets as opposed to more bank notes, which have no intrinsic value and lose value over time through the effects of inflation.

After all the banks created this ‘funny money’ themselves out of thin air by making accounting entries on their computer screens every time they make a loan. The reality is that bank notes are worthless pieces of paper that the banks ultimately don’t want.

The reason banks prefer real assets to bank notes is that the ‘fractional reserve’ banking system (FRBS) constantly devalues the purchasing power of the money they create through the device of inflation - which I will explain later on – whereas real assets will usually hold or even increase in value as prices are made to rise.

HOW THE BANKS CREATE MONEY

About 97% of the money in circulation today is electronic money, created as debt, in the form of loans, overdrafts and credit cards. The remaining 3% is in notes and coins issued by the Royal Mint.

In order to create money (as debt) all a bank needs to do is find someone who is willing to borrow money, which unsurprisingly is not difficult.

It works like this.

When a bank makes a loan, the amount of the loan is entered on their accounts simultaneously as an asset (credit), on one side of their balance sheet and as a liability (debit) on the other.

So on the balance sheet the £1,000 loan is regarded as an ASSET of £1,000 – because the loan agreement is a legally binding document that entitles the bank to receive the loan capital back, over a specified time period, plus an additional amount in interest. Now even if the loan is not secured on a particular asset that you own like your house or car the bank still has the legal right to take your property to the value of the outstanding debt - in the event that you default.

On the other side of the balance sheet the loan is treated as a LIABILITY of £1,000 because there is a risk to the bank that you will not repay all or part of the loan.

The bank’s profits come from charging interest on the loans, which when paid back by the borrower, creates profits that increase the bank’s cash (capital) assets. But once the loan is repaid in full the asset and liabilities it generated fall off the bank’s balance sheet. So the banks must keep making new loans in order to increase their assets and profits.

But there is another crucially important reason why the bank must keep lending and that is to stop the entire money and banking system from collapsing as started to happen in 2008 - as I shall now explain.

THE THIRD LIE – THE FRBS CANNOT COLLAPSE

I mentioned earlier that the banks do not create the money to cover the interest on their customer’s loans which in turn makes it impossible for everyone to repay what they owe.

So how can this situation be resolved?

How are you - and everyone else who borrows money - going to find the money to pay the interest if that money was not created in the first place?

Well, a rationale person would reason that it is impossible to repay that which was not created. And they would be right!

However, on a limited time basis only, it has been possible for this flawed money system to operate, because the banks have ensured that by lending more and more money to an ever increasing customer base (including those with no means to repay) they have created enough ‘Capital Money’ in the system, which people could compete for in order to make their interest payments.

‘Capital Money’ refers to the initial loan amount before the interest element is added. And, this is the amount of money that the bank actually creates when they credit a loan amount to your current account.

But we have now reached the point in the UK and in most other advanced Western nations where individuals, companies and the State have borrowed as much as they can reasonably afford to repay in capital and interest. You could say that we are ‘all borrowed up’ as the banks have exhausted the potential pool of borrowers, who up until now have kept the system afloat.

This giant pyramid lending scheme/Ponzi scheme has reached the point of no return and has, after three hundred years, started to collapse. This is because the banks are not making enough new loans to keep the supply of ‘Capital Money’ at a sufficient level whereby it will also cover the interest payments that the banks require, but do not create.

What is now happening is that the spiral of ever increasing lending has gone into reverse and become negative lending, whereby overdrafts are being called in, credit card facilities reduced or withdrawn and loans to credit worthy customers denied.

And, as the available pool of ’Capital Money’ diminishes those people with existing loans will find it even harder to pay their interest, so that an ever increasing number will default and have their assets seized by the banks.

And, without a major overhaul of the money system this problem cannot be resolved.


THE FOURTH LIE – THERE IS NO COMPETITION FOR (THE LIMITED SUPPLY OF) MONEY

So we have established how the FRBS creates ‘Capital Money’ (and not ‘Interest Money’) and that through a flexible but aggressive approach to lending the private banks have, after being bailed out by the taxpayer, been able to keep this giant Ponzi scheme temporarily afloat.

We also know that the true intent and purpose behind the FRBS is for the banks to acquire an increasing share of our real (non cash) assets when we default on our loan repayments. And that it is impossible to pay back the ‘Interest Money’ on those loans as the banks never created it in the first place.

Before I move on to explain how the FRBS steals even more of your money through the ‘Profit Multiplier’, inflation, deflation and the creation of asset bubbles, I wish to explain the problems that arise from the ‘competition for money’.

Competition for money occurs as there is not enough of it to go round because the banks did not create ‘Interest Money.’

So you can see that usury (i.e. charging interest on loans) is the root cause of the problems associated with the FRBS, because if there was no interest to pay it would be possible - through a system of centralised control - to devise a way for ensuring that there would always be enough money in the system for people to exchange the value of the goods and services produced in the economy.

Another negative aspect of the FRBS is that it creates disharmony between people.

We are forced to compete for this essential resource of money because the banks deliberately keep it in limited supply.

We compete for this money by working as employees or by running businesses so that we can ‘win’ the money from others to pay the loan interest.

But this money – that only some of us are able to win - can only come from the pool of ‘Capital Money’. So it is inevitable that if only some people are successful at winning the money they need to cover their interest payments, then the rest must fail.

Faced with the prospect of failure to secure a big enough share of that Capital Money to repay the ‘Interest Money’ due, could mean the loss of one’s home - or through conflicts about money, one’s spouse too.

It is sad fact, therefore, that some desperate people will resort to crime in order to fund their loan repayments.

And so this system sets people against each other by enforcing the law of the jungle where the perception is that only the strongest, fittest and most ruthless survive.

So, the FRBS works against the interests of the majority who wish to create a society based upon peace and harmony between all people.

It has a cost to all of us and that cost is met through the taxes that most citizens have consented to pay in order to deal with the social and other costs associated with disharmony in society.



THE FIFTH LIE - THE PROFIT BANKS MAKE FROM LENDING MONEY IS THE DIFFERENCE BETWEEN WHAT THEY CHARGE BORROWERS & WHAT THEY PAY DEPOSITORS

We now come to the part of the FRBS scam that allows banks to multiply their profits by lending up to nine times more than they receive in deposits.

Now this plays havoc with the money supply because more (and sometimes less) ‘Capital Money’ is created than is needed to buy the goods and services produced. When too much ‘Capital Money’ is created inflation results and when there is not enough, deflation follows.

The privately owned banks were given permission to lend out more money than they had in deposits when the Bank of England was founded in 1694. King William of Orange granted this concession on condition that the banks loaned him the money he needed to finance his war with France.
Since then the Bank of England (BoE) has continued to provide finance for the State by buying bonds (aka gilts) on which they receive interest and which is charged back to the taxpayer. The bank remained in private hands until it was nationalised in 1947.


The following example explains how this ‘profit multiplier’ works:

You would think that if banks charge 10% interest on loans and pay 3% interest to depositors their profit would be 7%, but it’s not, its 87%.

This is because for every £100 deposited, the bank only keeps £10 in reserve. The remaining £90 is lent out. The borrower takes their £90 loan and deposits it in a bank. The bank holds back 10% (£9) and lends the balance of £81. This process is repeated until the original £100 deposit has multiplied into £900 worth of loans generating £90 of interest. The bank paid out £3 interest on the original £100 deposit so their profit is £87 (87%).

NB: When banks lend money the usual procedure is that once the loan has been authorised the borrower’s current/cheque account is credited. As the loan is invariably spent on goods and/or services the cash will not normally stay in the borrower’s account long enough for it to accrue interest.


This is why in the above example the bank pays out so little in interest but makes such huge profits from depositors.


The ‘profit multiplier’ is the ‘fractional reserve’ element of the FRBS and lies at the heart of all the world’s financial problems. It is the cause of the vast inequalities in wealth between the rich and poor and is responsible for keeping the global poor in bondage to the banks.


The FRBS was born with blood on its hands and continues to this day to grow fat on the profits of death.


When you look closely into the ownership of armaments manufacturers and businesses that supply the means to wage war you will see that the banks benefit either directly or indirectly from these companies operating profitably.


The FRBS destabilises the economy and makes it impossible to control. Historically usury was illegal and with good reason. Only when it is made so again can we create a sound money system and thus the conditions for a real recovery to begin.


This is what those who should know have said about the FRBS:

‘If you allow me to control the nation’s money, I do not care who makes the nations laws because I know that I can control the nation through the money system’


- A.M. Rothschild, founder of the Rothschild banking dynasty. The Rothschild family were the prime movers in the expansion of the FRBS throughout the world.


‘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 the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'


– Thomas Jefferson, one of the Founding Fathers of America and its third President


"Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.
This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.


By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."


- USA Banker's Magazine, August 25 1924



THE SIXTH LIE - THE GOVT’S 2% ANNUAL INFLATION TARGET IS BENEFICIAL TO THE ECONOMY & THE PEOPLE


The FRBS deliberately creates more money than is needed to exchange the value of goods and services produced in the economy. This results in inflation. And, as we all know inflation steals the value of our savings and the money in our pockets because as prices rise we are able to buy less.


The most astounding fact is that had we had a sound money system for the last two hundred years, our living standards today would be between ten and hundred times higher – and that is a conservative estimate!


INFLATION STEALS THE VALUE OF OUR LABOUR


To put those numbers into perspective, a person on earnings of £25,000 now would, at the lower end of my projection, enjoy the standard of living someone on £250,000 today and at the higher end a staggering £2,500,000 p.a.


Please take a few moments to relate the implications of those projections to your own situation, because when you do, you will understand why I have entitled this article:

THE BIGGEST CRIME OF ALL TIME

With a sound money system there would be plenty of jobs, stable prices and we would be looking forward to a future of massive and sustainable levels of economic growth in a society where poverty had been eliminated and where all people who wanted to work would share in the countries prosperity.


Inflation is a crime because it steals our wealth, yet it goes unreported, because we do not realise that we are being robbed. Had it not been for our ingenuity in bringing forth new technology, which has kept costs down – inflation would have completely devalued our labour.


To understand how new technology raises living standards, compare the cost of today’s computer with a similar model bought twelve months ago and it’s about half the price. Technology puts money in our pocket because it reduces the cost of making goods like computers and we benefit by having more to spend on other things.


Technology may enable one person to do the work that needed a hundred people two centuries ago. And yet we have not reaped the full economic benefit of this technology because it has been largely offset by the effects of inflation.


INFLATION IS PUBLIC ENEMY NUMBER ONE!


And, even though our government knows how to prevent it - by balancing the amount of money in circulation with the value of the goods and services produced - they insist on maintaining inflation, by having an annual inflation target of 2% p.a.


Yet in spite of this target they consistently exceed it, as the ‘official’ level of inflation (Retail Prices Index) has been nearer 4% over the twenty five years.


The truth is that governments love inflation because it devalues their debts and stretches their budgets. But they are living in a fool’s paradise because with a sound money system - that is operating at maximum efficiency - it would be possible to provide for everyone’s needs without taxation.


The downside of inflation for the people with cash savings is that our money is being constantly devalued because we always earn a lot less in interest from money placed on deposit than the true rate of inflation.
The present money system was designed specifically to create inflation which is, in effect, a hidden tax that governments use to extract more money from us than we realise.


Governments have been using this trickery ever since to hide the real cost of their over spending.


A sound money system, however, would eliminate inflation (and deflation) and enable us to benefit from the massive increases in living standards that new technological advances normally bring, but which have been denied us by the wealth sapping effects that inflation has had on our incomes since the founding of the Bank of England in1694.


Another important point to note is that the creators of inflation (banks and governments) benefit from it because with their advance knowledge of the likely consequences of their actions, they can buy the goods and services they need at the old, lower prices, which are the prices that applied before the excess money in the economy caused the price of goods and services to rise.


For example, if the banks created double the amount of money that was needed to buy the goods and services produced in the economy, it is certain that prices would eventually double. So those who can buy what they will need now will save while those who wait will pay more.


So if the banks and the government know that their actions are going to cause inflation down the line they can plan their purchases accordingly and thus avoid paying the higher prices that we will all have to pay.


A ‘sound money system’ however, would ensure ever rising living standards because the value of money would be constant while innovation and more efficient ways of working would force the price of goods and services down. The gap between the rich and poor would be reduced and poverty eliminated.


THE SEVENTH LIE – DEFLATION (& INFLATION) ARE PART OF THE ‘ECONOMIC CYCLE,’ WHICH WE MUST ACCEPT AS BEING NORMAL – I.E. THE PRICE OF DOING BUSINESS IN THE MODERN WORLD


Whereas inflation is caused by an excess of money in circulation, meaning that there is more money than there are goods and services to buy, deflation is the exact opposite.

Inflation is an upward spiral of rising prices whereas deflation is a downward spiral of falling prices.

Like inflation, deflation is a by-product of the systemically flawed FRBS.
What has started to happen is that because the banks are creating less money, the money supply is shrinking so that there will be less money in circulation than there are goods and services.


Eventually this imbalance will force the price of goods and services down. When people see that prices are falling, they will delay spending in anticipation that prices will fall further. This delay will force manufacturers and service providers to drop their prices even more - in order to stimulate demand, and thus a negative deflationary spiral is created.


What we have been experiencing with the economy since the ‘Credit Crunch’ began in 2008, is the beginnings of a massive deflationary spiral that has been caused by the shortcomings of the FRBS and which Central Banks around the world have been trying to correct by ‘Quantitive Easing,’ which means in effect, that they are printing more money.

The core problem, as I have said, is that we are all ‘borrowed up’, so the banks have less and less people to whom they can lend. Their money creation scheme is grinding to a halt, with the result that the amount of ‘Capital Money’ in circulation is insufficient to cover the ‘Interest Money’ demands from the banks.

This means that there will be an ever increasing number of people defaulting on their loans. The banks will be forced to keep increasing their provisions for non performing loans. And the value of any assets they are able to seize will keep falling, as when there is a shortage of money, the price of goods falls and thus the value of cash money rises..

What is happening now is that the FRBS is coming to a halt. It is like a train that is slowing down because it is running out of track and like all Ponzi schemes it will run out of time too. And I believe that that time is very near.


In previous times deflationary spirals have usually followed periods of overheating (inflation) in the economy caused by the banks creating too much ‘Capital Money’.

To remedy this situation the Bank of England has raised interest rates to make borrowing more expensive, so that fewer people took out loans. When this policy worked the amount of surplus money was reduced and inflation fell.

The banks can only create money if they have customers willing and able to borrow. And we taxpayers know to our cost that desperate banks will lend to anyone in a bid to keep the system afloat. Banks believe that they are too big to fail and that governments will bail them out rather than let the system fall.

Using interest rates to control the money supply is a blunt financial instrument that unless wielded with extreme care and foresight results in either an under or /overshoot of inflation or deflation depending on whether or not the accelerator or brake is being applied.

It is this constant applying and releasing of the brakes that gives rise to the economic cycles of boom (inflation) and bust (deflation) which have been a constant feature of western economies since the inception of the FRBS.

In truth these cycles are unnatural because they are caused by the perversion of money that lies at the black heart of the FRBS. With a sound money system they would not occur.

If you hold the view (which our political leaders and bankers do) that inflation is acceptable, then you could say that this ‘Monetary Policy’ has generally worked over the last thirty years.

But that was then. Now, we are in the ‘End of Times’ era because the FRBS is all ‘borrowed up’.


The best example of how devastating deflation can be was the period that followed the Wall Street Crash in 1929. Known as the ‘Great Depression’ this era was characterised by soup kitchens; mass layoffs of workers, as factories closed for lack of demand for their goods and the mass movement of people in search of work. Unemployment hit 25% in the UK and America.

Ordinary people experienced great hardship during this time while the banks busied themselves seizing people’s homes and businesses for non payment of loans. Loans of money – remember - created out of nothing and for which the banks received real assets in return.

The ‘Great Depression’ continued until World War 11 broke out - an event that some say was deliberately started so that the banks could make yet another fortune financing the massively expensive programme of production for destruction.



THE EIGHTH LIE - ASSET BUBBLES ARE A NATURAL RESULT OF THE ECONOMIC CYCLE.


The famous banker A.M. Rothschild said that when you control the supply of a nation’s money, you control the nation.

So it follows that if you can manipulate the money supply you can engineer rises and falls in asset prices and thus bring about massive transfers of wealth from private investors to banks.


When I started giving investment advice in 1993 I thought that the stock market was a place where everyone had a reasonable chance of building a store of wealth to draw on when needed. It was not until March 2000 when the dot com bubble burst and the value of ‘technology funds’ fell by 80% that I finally realised that an international ‘power elite’ were controlling and manipulating investment markets and the economy to the point of killing the goose that lays the golden egg.

I was even more horrified when I discovered that about $33 trillion had been ‘legally’ stolen from private investors and pension funds during the dot.com scam – money which the victims will never recover!


More recently, following 9/11 global investment markets plummeted and the FTSE 100 index of leading U.K companies fell over 50% to 3300. Fear of a global recession made the Central Banks slash interest rates and by 2003, when they hit 1% in the US and 3.5% here, the banks had sown the seeds for the next bubble – in property - which has just burst.


What people do not realise is that the rise in property prices is a systematic way by big banks and mortgage companies of stealing the value of people’s labour, as when the price of a house doubles, the amount of interest that the buyer has to pay goes up exponentially. Thus, the purchaser needs to spend an inordinate amount of income in order to pay back the mortgage, giving inordinate profits to banks and mortgage companies. These lenders have a selfish interest in allowing property prices to go up indefinitely and they will not stop until borrowers can no longer pay the interest and the system collapses under its own weight - which is happening now.


When the property bubble burst the market manipulators moved all the money they had made from it into commodities. They pumped up prices in oil, precious metals and basic foodstuffs and so encouraged other investors to join them in the hope that they would make a quick killing. Of course, the players remained in control and continued to manipulate commodity prices up and down until they had sucked in as many investors as possible, at which point they sold out a the top of the market, leaving everyone else to wonder how they managed to lose so much money when prices eventually collapsed.


These are just a few examples of the some of the very real scams that the bankers have been able to engineer because of the control over the economy and investment markets that the FRBS gives them.

Since the FRBS began banks have been lending money to governments, businesses and individuals. They have devised all manner of schemes through which they can lend ever more money to the point where we have become all borrowed up and are sinking under the weight of debt.


HOW THE FRBS DESTOYS SOCIETY - IN SUMMARY:


• It steals our wealth through the creation of excess money, which causes inflation and means we can buy less goods and services than we could before the inflation occurred.

• It forces people to compete for the shortage of money resulting from the banks not creating the money to cover the interest on loans. This guarantees that because there is not enough money to go round a large number of people and businesses will fail causing unemployment, homelessness, suicides, divorce, family break ups and crimes of hardship

• It guarantees the systematic transfer of wealth in the form of real assets, like property, to the banks from debtors who default on their loans because the system makes it impossible for all borrowers to repay their loans. This is because only enough money was created by the banks to pay the loan capital - not the interest.

• It facilitates the creation of asset price inflation, which enables banks to boost profits from higher lending as people have to take out bigger loans when the price of assets like houses are artificially increased.

• It enables banks (through manipulation of the money supply) to make capital gains on repossessed property acquired for nothing, in a recession they created, and later sold at an inflated price in the boom, which again, they created.

• It enables banks via the ‘profit multiplier’ facility to marshal the vast sums of money they hold on behalf of depositors for the purpose of manipulating investment markets and thus make huge capital gains

• It creates inequality in wealth by forcing people to compete for money by fair means and foul.

• It prevents under developed nations from rising out of poverty because the burden of interest payments uses up their foreign currency reserves that would be better spent on investing in their development needs.

• It ensures that the private banks have effective control of the country, its people and its resources because they control the creation and distribution of the official medium of exchange i.e. the money we all need to live.


THE ALTERNATIVE TO THE FRBS – A SOUND MONEY SYSTEM


The bankers have decimated our economy with their recklessness and greed and in so doing have forfeited their right to exist as privately owned and run businesses. If they are too big to fail then the taxpayer should own and control them.

I am sure I speak for most people when I say that we have had enough of the ‘New World Order’ agenda of boom, bust and bureaucracy. We are fed up with high prices, high taxes and mass unemployment. We want a banking/money system that is capable of delivering sustainable economic growth and that can cure our present financial ills, as well as world poverty. We want these things because they are our divine right and because we know that they can easily be achieved.

We demand that the tables be turned on the money changers and the FRBS. We desire a debt free, money system that serves everyone and releases the people from financial slavery.

We call for the abolition of usury and the formation of a publicly owned Peoples’ Bank.


A SOUND MONEY SYSTEM – THE KEY FEATURES:


The FRBS is a perverted system that must be redesigned so that it operates in accordance with the Universal Laws or ‘Money Laws’, which benefit everyone, as opposed to the existing laws, which only benefit the bankers and ruling elite on this planet.


These are the core ‘Money Laws’ that would enable this to happen:


• MONEY SHOULD ONLY BE USED IS AS A MEDIUM OF EXCHANGE AND A SHORT TERM STORE OF FUTURE VALUE.


• MONEY MUST ALWAYS BE CONNECTED TO SOMETHING OF REAL VALUE - LIKE GOODS & SERVICES


• THE VALUE OF MONEY IN CIRCULATION SHOULD ALWAYS BE EQUAL TO THE VALUE OF THE GOODS AND SERVICES PRODUCED IN THE ECONOMY.



• MONEY IS LEGITIMATELY EARNT WHEN PEOPLE ARE WILLING TO MULTIPLY THEIR TALENTS’ BY:

1. Bringing forth new ideas, new inventions and better ways of doing the same old tasks.

2. Taking risks, by taking an initiative, by doing something that no one has done before — and therefore, where the outcome cannot be known

3. Providing the labour that is needed for the economy to run.


• MONEY SHOULD NOT BE ALLOWED TO BECOME AN END IN ITSELF WHEREBY YOU TRY TO OBTAIN SOMETHING FOR NOTHING (I.E. REAPING WITHOUT SOWING) OR BY REAPING THE REWARDS OF OTHERS PEOPLES LABOUR


• MONEY THAT IS SAVED SHOULD BE RE - INVESTED AS ‘WHEN THE MONEY FLOWS THE ECONOMY GROWS’


• THE MONEY & BANKING SYSTEM SHOULD BE: ‘OF THE PEOPLE, FOR THE PEOPLE AND BY THE PEOPLE’.


• THE CREATION OF MONEY SHOULD BE UNDER THE SOLE CONTROL OF THE PEOPLE


• MONEY SHOULD BE CREATED FREE OF DEBT MEANING THAT USURY IS ABOLISHED



Money is a form of energy that if used correctly facilitates the smooth running of the economy whilst allowing it to grow in a sustainable way.

This quote says it all:

"The few who can understand the System (Cheque Money and Credits) will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class. While on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint and perhaps without even suspecting that the system is inimical (hostile, hurtful) to their interests.


The following quotation was reprinted in the Idaho Leader, USA, 26 August 1924, and has been read into Hansard twice: by John Evans MP, in 1926, and by M.D. Cowan M.P., in the Session of 1930-1931.

- Extract from a letter written by Rothschild Bros of London to a New York firm of bankers on 25 June 1863:


Thank you for taking the time to read this article.


Please note that although this material is copyright, the author, Kim Andrew Lincoln, gives his permission for it to be freely distributed for ‘information only’ purposes.

If you have just read this article please feel free to send it, without any alteration whatsoever, to whomever you think would want to receive it. By sending this expose to as many people as possible, including your M.P, members of your family and friends, you will be rendering a great service to yourself, your fellow man, your country and your planet. Illuminating the iniquity of the FRBS is the best and only way to ensure its abolition.

To contact your MP go to: http://www.writetothem.com

For more information about our perverted economy and the FRBS please visit:

- http://www.kalincolninvestments.co.uk

- http://kimandrewlincolnsblog.blogspot.com/

And for a concise and easy to understand explanation of the history of money and how the FRBS came into being I strongly recommend the following illustrated story:

- http://www.larryhannigan.com/EarthPlus.htm


(c) Copyright 2010 KIM ANDREW LINCOLN