One hundred and nine years ago, on December 23, 1913, during the Congressional Christmas recess, a cadre of well-placed operatives for the international financiers, i.e., Representatives and Senators of the "US Corporation," illegally attempted to cede control of the currency of the United States of America to a group of five families, who were granted the franchise of creating "legal tender" and regulating credit within these borders.
Despite the legerdemain of their fancy Wall Street lawyers attempting to hide the tentacles of ownership, a study commissioned by the House of Representatives in 1976 showed that these five families still controlled the printing press (the Fed) for so-called "U.S. dollars" (actually, Federal Reserve Notes), which, after the Bretton Woods conference of June 1944, soon became the world reserve currency.
Leveraging the spoils of this heinous crime, these families and their accessory "subcontractors" have manipulated the money supply to gain control over most of the key economic assets on this planet and enslave most of the world's population through debt. (A recent study by Princeton and Northwestern researchers confirms that U.S. policy is a reflection of plutocratic objectives.)
Now, just a few years past the centennial of the treasonous Federal Reserve Act, the ravages of the financiers' strategy are transparent: All resources on this planet--animal, mineral, and vegetable--are valued only according to their potential profitability. This means everything, including water. The banksters tried the same trick in Bolivia. The World Bank and the International Development Bank insisted on water privatization as a requirement for the Bolivian government in order to retain ongoing state loans. The Bolivian people rejected this psychopathology. For this and other resistance to the cartel, Bolivia is now suffering under a coup d'état.
The immortal novelist Charles Dickens understood and captured the gist of the banksters amoral agenda in his remarkable works, particularly in his masterpiece, A Christmas Carol, in which Ebenezer Scrooge, a usurer in the City of London, is confronted by the Ghost of Christmas Future, who lays the responsibility for Ignorance and Want at the feet of those who would profit on the misfortunes which they have deliberately inflicted on others.
Yet, here we are, over 175 years after Dickens' account, still falling for the same scam, now called "budget deficits," "austerity," and "sequestering"—all of which are designed to steal public funds (from taxes and fees) for private gain. Like Dickens, we at Colorado Public Banking are looking for a Scrooge conversion on the part of the usurers, who seem content presently to demand their "pound of flesh," justify the death and destruction that they have wrought as "just business," and leverage their ownership of the mass media to promulgate a matrix of clever lies.
Of course, what "the company" (as they sometimes describe themselves) really represents is the worst in human behavior: fear-based impulses designed to serve greed and self-interest; in other words, devolution.
Private ownership of our currency and, thus, our money supply, is only the front end of the problem. The back end is the interest charges, levied by the private banks that own the Fed, to our once-sovereign and now vassal government for the "privilege" to use their private, faux "legal tender." This is un-Constitutional, of course, since Article I, Section 8 requires Congress to issue money and regulate credit, just as Article I, Section 10 forbids the states from issuing their own currency ("bills of credit"), so there is no basis for arguing that private parties can supplant this sovereign function.
There is a reason that Jesus drove the money changers out of the Temple and called them thieves: interest is a crime against humanity, for the instant it is charged: money no longer represents the value of the labor which created it (i.e., a unit of account), but becomes a commodity whose value is inflated through the mathematical trick of compound interest. The result is profits over people, with corporations assuming the rights of people and people becoming commodities, as the value of their labor is simultaneously devalued.
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." --Abraham Lincoln, Annual Address to Congress, Dec. 3, 1861. ("Selections from the Letters, Speeches, and State Papers of Abraham Lincoln, by Abraham Lincoln," edited by Ida Minerva Tarbell, Ginn & Company, 1911, p. 77.)
For those who don't believe that interest is the rotten core of the problem, let's look at a short list of the criminal activities of the world's largest financial institutions over the past year or so.
The current list of known frauds include the Fed’s Permanent Open Market Operations (open and hidden purchases of U.S. Treasury bonds [which became unnecessary early in 2020, when the Fed began operating as a privately controlled public bank run by the Secretary of the Treasury]), which fund computerized front running in the stock market. We’ve all read of the ludicrous bonuses paid to the top executives, managers, and traders who orchestrate these scams, but beyond such base greed, there are some very serious objectives, including the suppression of interest rates to keep the derivatives markets from collapsing the global house of cards.
This situation puts the private banks in the odd position of holding down interest rates to keep the system going, which explains why they are spending their money on manipulating and speculating in high-return markets, rather than loaning money to the medium and small-sized businesses that represent half the jobs in the U.S. For example, while the rigging of LIBOR may slow down the usury cycle, it has also supported a more lucrative scam initiated before the interest plunge—manipulating the municipal bond market and selling interest rate swaps to cities (such as Baltimore, Oakland, and Philadelphia that are now suing), counties, states, and other taxing districts, such as public schools, with the help of whatever vassal governments are necessary.
The usual strategy employed by the cartel is to pretend to investigate the transgressions, consolidate any lawsuits so that a small group of people can be controlled (much like they did in corralling the 50 states attorneys general to defuse the MERS scandal), slap a few hands, and move on to bigger and better criminal activities. When the banks, the Fed, and the regulators all work hand-in-hand, the heads of the crime families go scot free. It happens like this all the time: Retiring Obama Administration Prosecutor Says the SEC Is Corrupt.
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever. Theft as a business model also works for the corporations owned by the banks: Stern Words, and a Pea-Size Punishment, for Google.
Many progressive individuals and groups have suggested a variety of solutions to this problem, including increased regulation of the financial industry. What these folks fail to understand is that as long as private parties control what should be a sovereign function--the creation and regulation of currency--nothing will change.
"Give me control of a Nation's money supply, and I care not who makes its laws." --Mayer Amschel Rothschild (apocryphal)
So, what is the alternative?
The answer is public banks, which leverage public funds (taxes and fees) in the public interest.
If we are to shed the shackles of the indentured servitude of debt-slavery and regain our sovereignty, we must take back control over the creation and regulation of money and make money a public utility.
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Copyright 2013, Robert Bows; updated July 28, 2018
[We are pleased to announce that our book, 7 Steps to Global Economic and Spiritual Transformation, is now available online at Amazon and at Barnes and Noble.]
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