Billions for the Bankers 3: Money as Debt

Billions for the BankersPart three of a series: Billions for the Bankers, Debts for the People: The Real Story of the Money-Control Over America, by Sheldon Emry, which was printed in the 1980s: this section deals with money creation and the fact that the interest portion needed to pay the debt is never created. Thirty years later many of the debt slaves are waking up to the truth about how money is created. A few economists are now waking up as well. 2012 will be the year of the great awakening. A better world is coming, free from the tyranny of Babylonian banking. Constitutionally correct interest-free money will lead to prosperity unimagined under the debt-money system of looting and enslavement.

Money As Debt-Full Length Documentary

Money As Debt is a fast-paced and highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today’s magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand. Check out his website: www.moneyasdebt.net M…

THE INTEREST AMOUNT IS NEVER CREATED

The only way new money (which is not true money, but is “credit” representing a debt), goes into circulation in America is when it is borrowed from Bankers. When the State and people borrow large sums, we seem to prosper. However, the Bankers “create” only the amount of the principal of each loan, never the extra amount needed to pay the interest. Therefore. the new money never equals the new debt added. The amounts needed to pay the interest on loans is not “created,” and therefore does not exist!

Under this kind of a system, where new debt always exceeds the new money no matter how much or how little is borrowed, the total debt increasingly outstrips the amount of money available to pay the debt. The people can never, ever get out of debt!

An example will show the viciousness of this usury-debt system with its “built-in” shortage of money.

IF $60,000 IS BORROWED, $255,931.20 MUST BE PAID BACK

When a citizen goes to a Banker to borrow $60,000 to purchase a home or a farm, the Bank clerk has the borrower agree to pay back the loan plus interest. At 14% interest for 30 years, the Borrower must agree to pay $710.92 per month for a total of $255,931.20. The clerk then requires the citizen to assign to the Banker the right of ownership of the property if the Borrower does not make the required payments. The Bank clerk then gives the Borrower a $60,000 check or a $60,000 deposit slip crediting the Borrower’s checking account with $60,000.

The Borrower then writes checks to the builder, subcontractors, etc., who in turn write checks. $60,000 of new “checkbook” money is thereby added to “money in circulation.”

However, and this is the fatal flaw in a usury system, the only new money created and put into circulation is the amount of the loan, $60,000. The money to pay the interest is NOT created, and therefore was NOT added to “money in circulation.”

Even so, this Borrower (and those who follow him in ownership of the property) must earn and TAKE OUT OF CIRCULATION $255,931, almost $200,000 MORE than he put IN CIRCULATION when he borrowed the original $60,000! (By the way, it is this interest which cheats all families out of nicer homes. It is not that they can’t afford them; it is because the Banker’s usury forces them to pay for 4 homes to get one!)

Every new loan puts the same process in operation. Each borrower adds a small sum to the total money supply when he borrows, but the payments on the loan (because of interest) then deduct a much LARGER sum from the total money supply.

There is therefore no way all debtors can pay off the money-lenders. As they pay the principal and interest, the money in circulation disappears. All they can do is struggle against each other, borrowing more and more from the money-lenders each generation. The money-lenders (Bankers), who produce nothing of value, slowly, then more rapidly, gain a death grip on the land, buildings, and present and future earnings of the whole working population. Proverbs 22:17 has come to pass in America. The borrowers have become the servants of the lenders. No wonder God Almighty forbids interest on loans.
foreclosures

SMALL LOANS DO THE SAME THING

If you haven’t quite grasped the impact of the above, let us consider a small auto loan for 3 years at 18% interest. Step 1: Citizen borrows $5,000 and pays it into circulation (it goes to the dealer, factory, miner, etc.) and signs a note agreeing to pay the Banker $6,500. Step 2: Citizen pays $180 per month of his earnings to the Banker. In 3 years he will take OUT of circulation $1,500 more than he put IN circulation.

Every loan of Banker “created” money (credit) causes the same thing to happen. Since this has happened millions of times since 1913 (and continues today), you can see why America has gone from a prosperous, debt-free nation to a debt-ridden nation where practically every home, farm and business is paying usury-tribute to some Banker. The usury-tribute to the Bankers on personal, local, State and Federal debt totals more than the combined earnings of 25% of the working people. Soon it will be 50% and continue upward.

THIS IS WHY BANKERS PROSPER IN GOOD TIMES OR BAD

In the millions of transactions made each year like those above, little actual currency changes hands, nor is it necessary that it do so. 95% of all “cash” transactions in the U.S. are by check, so the Banker is perfectly safe in “creating” that so-called “loan” by writing the check or deposit slip, not against actual money, but AGAINST YOUR PROMISE TO PAY IT BACK! The cost to him is paper, ink and a few dollars in salaries and office costs for each transaction. It is “check-kiting” on an enormous scale. The profits increase rapidly, year after year, as shown below.

THE COST TO YOU? EVENTUALLY, EVERYTHING!

In 1910 the U.S. Federal debt was only $1 billion, or $12.40 per citizen. State and local debts were practically non-existent.

By 1920, after only 6 years of Federal Reserve shenanigans, the Federal debt had jumped to $24 billion, or $226 per person.

In 1960 the Federal debt reached $284 billion, or $1,575 per citizen and State and local debts were mushrooming.

By 1981 the Federal debt passed $1 trillion and was growing exponentially as the Banker’s tripled the interest rates. State and local debts are now MORE than the Federal, and with business and personal debts totaled over $6 trillion, 3 times the value of all land and buildings in America.

If we signed over to the money-leaders all of America we would still owe them 2 more Americas (plus their usury, of course!)

[Now in 2011 National Debt is over $15 Trillion dollars]

However, they are too cunning to take title to everything. They will instead leave you with some “illusion of ownership” so you and your children will continue to work and pay the Bankers more of your earnings on ever-increasing debts. The “establishment” has captured our people with their ungodly system of usury and debt as certainly as if they had marched in with a uniformed army.

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More interesting links on this topic of money as debt:

The Seven Universal Laws For All Humanity: Money Creation Is A

While the creation and growth of money seems somewhat intangible, money is the way we get the things we need and want. Money is actually nothing but worthless paper created and handed out to us to make us believe we

Publish Date: 12/08/2011 8:01

http://creedofnoah.blogspot.com/2011/12/money-creation-is-useful-productive.html

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Make Money Creation Democratically Accountable, Financial Times

Despite the Bank of England having created money and massively bought up government debt with it, the hope that the cash received would somehow translate into new bank lending has not happened. So when is the penny

Publish Date: 12/14/2011 6:36

http://www.positivemoney.org.uk/2011/12/debt-free-money-creation-financial-times/

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Brain Bender: Monetary and Economic Solution for the World

2: Money and Credit need to be created by the US Treasury and administered locally based on projected production of commodities and not what is already warehoused. Critics in the media are a dime-a-dozen, but it’s rare to

Publish Date: 12/15/2011 2:38

http://brainbender.blogspot.com/2011/12/monetary-and-economic-solution-for.html

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Adair Turner solves debt crisis – Hindenburg flies again at Frankfurt

So far so good – he acknowledges that “over confident faith” in economic dogma (again, a motivation with no place in a supposed science) allowed banks to create too much money (“credit creation” means money creation – if

Publish Date: 12/14/2011 17:25

http://freedomthistime.wordpress.com/2011/12/15/adair-turner-solves-debt-crisis-hindenburg-flies-again-at-frankfurt/

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Currency Creation ~ Two | The Money Conspiracy

In other words, for every deposit that ever occurred in the banking system, about nine times that amount can be created out of thin air.

Publish Date: 12/05/2011 16:22

http://themoneyconspiracy.com/prescious-metals-envesting/create-currency-two/