The third world war has already started. It is a silent war. Not, for
that reason any less sinister. The war is tearing down Brazil, Latin America,
and practically all the third world. Instead of solders dying, there are
children. It is a war over third world debt, one which has as its main weapon,
interest, a weapon more deadly than an atom bomb, more shattering than a laser
beam. - a Brazilin Politician

Although it would be absurd to ignore the pivotal role played by influential
families such as the Rothschild's, Warburg's, Shipps(sp), Morgan's, Rockefellers
in any review of the history of central/fractional banking. Keep in mind by now most central banks are more than 3 century old and deeply
entrenched in the economic life of many nations. These banks are no longer
dependant on clever individual, such as a Nathan Rothschild. Years ago the question
of ownership was important, but no longer. For example both the bank of England and
the bank of France were nationalized after WWII and "Nothing" changed. They
endure and continue to grow now protected by numerous laws, paid politicians,
and mortgaged media, untouched by the changing of generations. Three centuries have
given them an aura of respectability, the old school tie is now worn by the
sixth generation son. Who has been raised in a system that he may never question
as he is named to serve on governing board of countless philanthropic
organizations. To focus attention today on individuals or families or to attempt
to sort out the current holders of power serves little useful purpose and would
serve as a distraction from the cure. The problem is far bigger than that, it is
the corrupt banking system that was and is being used to consolidate vast wealth
into fewer and fewer hands that is our current economic problem. Change the
names of named players now and the problem will neither go away nor even miss a
beat. Likewise among the hoard of bureaucrat working in the world bank, central
banks, and international banks only a tiny fraction have any idea what is really
going on. No doubt they will be horrified to learn their work is contributing to
the terrible impoverishment and gradual enslavement of mankind to a few
incredibly rich plutocrats. So really there is no use in emphasizing the role of
individuals anymore. The problem even transcends the normal spectrum of
political right and left, Both Communism, Socialism as well as Monopoly
Capitalism have been used by the money changers. Today they profit from either
side of the new political spectrum. The big government welfare state on the so
called left wing verses the neo-conservative laisser-faire capitalists who want
the big government totally out of their lives on the right wing. Either way the
bankers win. Monetary Reform is the most important political issue facing this
nation, that clarified lets proceed to the conclusions in the spirit Abraham
Lincoln declared, "with malice towards none with charity towards all". At the start
of this video we asked a number of troubling questions, lets be sure we have
answered them.

"What is going on in America today, why are we over our heads in debt,
why cant politicians get debt under control?"

We are over our heads in debt, because we are laboring under a "debt" money
system that is designed and controlled by private bankers. Now some will argue
the the Federal Reserve system is a quasi governmental agency, but the president
appoints only 2 of the seven members of the Federal Reserve board of governors
every 4 years. and he appoints them to 14 year terms far longer than his own.
The senate does confirm the appointments, but the whole truth is the president
would not dare appoint to that board that wall street does not approve. Of
course this does not preclude the possibility that some honorable men may be
appointed to the board of governors. But the fact is that the Fed. is
specifically designed to operate independently of our government as are nearly
all other central banks. Some argue that the fed promotes monetary stability. We
saw the current head of the bank of England, Eddie George, claim that this was
the most important role of the central bank. In fact the Fed's record of
stabilizing the economy shows it to be a miserable failure in this regard.
Within the first 25 years of its existence the Fed caused 3 major economic
downturns including the great depression, and for the last 30 years has sheppard
the economy into a period of unprecedented inflation. Again this is NOT a
wild conspiracy theory, it is a well known fact among top economists. As noble
economist Milton Friedman put it "The stock of money, prices and output was
decidedly more unstable after the Federal Reserve system than before. The most
dramatic period of instability in output was, of course, the period between the
two wars which includes the severe [monetary] contractions of 1920-21, 1929-33
and 1937-38. No other 20 year period in US history contains as many as 3 such sever
contractions. This evidence persuades me that at least a 3rd of the price rise
during and just after WWI is attributable to the Federal Reserve System and that
the severity of each of the major contractions 1920-21, 1929-33 and 1937-38 is
directly attributable to act of commission and omissions by the Reserve
authorities. Any system that gives so much power and so much discretion to a few
men [so] that mistakes, excusable or not can have such far reaching affects, is
a bad system. It is a bad system to believers in freedom just because it gives
few men such power without any effective check by the body politic this is the
key political argument against an independent bank. "To paraphrase Clemenceau money is too
serious a matter to be left to the central bankers". - Milton Friedman  We must
learn from our history before it is to late.

Why cant the politicians control the Federal debt?

Because all of our money is created out of debt, again it is a "debt" money
system. Our money is created initially by the purchase of US bonds. The public
buys bonds, like savings bonds, the banks buy bonds, foreigners buy bonds. When
the Fed wants to create more money in the system it buys bonds, but pays for
them with a simple book keeping entry which it creates out of "nothing". Then
this new money created by the Fed is multiplied by a factor of 10 by the banks
thanks to the "fractional reserve" principal. So although the banks don't create
"currency" they do create "check book" money or deposits by making new loans.
They even invest some of this created money in fact over 1 trillion dollars of
this privately created money has been used to purchase US bonds on the open
market which provides the banks with 50 Billion dollars in interest risk free
each year less the interest they pay to some deposits. In this way threw
fractional reserve lending banks create over 90% of our money and there for
create 90% of our inflation.

What can we do about all of this?

Fortunately there is a way to fix the problem fairly easily speedily and without
any serious financial problems. We can get our country totally out of debt in
1-2  years by simply paying off these us bonds with debt free US Notes just
like Lincoln issued. Of course that by itself would create tremendous inflation
since our currency is presently multiplied by the fractional reserve banking
system. but here is the ingenious solution advanced in part by Milton Friedman
to keep the money supply stable and avoid inflation and deflation while the debt
is retired. As the treasury buys up its bonds on the open market with US Notes
the reserve requirements of you hometown local bank will be proportionately
raised so that the amount of money in circulation remains constant. As those
holding bonds are paid off in US Notes they will deposit this money thus making
available the currency then needed by the banks to increase their reserves. Once
all the US Bonds are replaced with US Notes banks will be at 100% reserve
banking instead of the fractional reserve system currently in use. From this
point on the former Fed buildings will only be needed only as a central clearing
house for checks, and those vaults for US Notes. The Federal Reserve Act will no
longer be necessary and could be repealed monetary power can be transferred back
to the treasury department. There would be no further creation or contraction of
money by banks. By doing it this way our national debt can be paid off in a
single year or so, and the Fed and fractional reserve banking abolished without
national bankruptcy, without financial collapse, inflation or deflation, or any
significant change with the way the average American goes on about his 
business. To the average person the primary difference would be that for the first
time since the federal reserve act was passed in 1913 Taxes would begin to go
"down". Now there is a real national blessing for you, rather than for
Hamilton's banker friends.

Now lets take a look at these proposals in more detail.

Here are the main provisions of a  Monetary Reform Act which needs to be
passed by congress. We have drafted a proposed monetary reform act which follows
at the end of this tape, of course, variations with the same results would be
equally as welcomed.

1. Pay off the debt with debt free US Notes
   
       As Thomas Edison put it if the US can issue a dollar bond it
   can issue a dollar bill, they both rest purely on the faith and credit of
   the US government. This amounts to a simple substitution of one type of
   government obligation for another, one bears interest the other does not.
   Federal Reserve Notes could be used for this as well but could not printed
   after the Fed is abolished as we propose, so we suggest using US Notes
   instead


2. Abolish fractional reserve banking.
   
       As the debt is paid off, the reserve requirements of all
   banks and financial institutions would be raised proportionately at the same
   time to absorbe the new US Notes which would be deposited and become the
   banks increased reserves. Towards the end of the first year the transition
   period the remaining liabilities of the financial institutions would be
   assumed or acquired by the US government in a one time operation. In other
   words they too would eventually be paid off with debt free US Notes in order
   to keep the total money supply stable. At the end of the first year or so
   all of the national debt would be paid, and we could start to enjoy the
   benefits of full reserve banking. The Fed would be obsolete an "aphorism".


3. Repeal the Federal Reserve Act
   
       .... of 1913 and the National banking act of 1864. These acts
   delegate the money power to a private banking monopoly, they must be repealed
   and the money power handed back to the department of treasury where they
   were initially under president Abraham Lincoln. No banker or person in any
   way affiliated with financial institutions should be allowed to regulate
   banking. After the first two reforms these acts would serve no useful
   purpose anyway since they relate to a fractional reserve banking system


4. Withdraw the US from the IMF, BIS and the World Bank
   
       These institutions like the Federal Reserve are designed to
   further centralize the power of the international bankers over the world economy
   and the US must withdraw from them. Their harmless functions such as
   currency exchange can be accomplished either nationally or new originations
   limited to those functions. Such a monetary reform act would guarantee that
   the amount of money in circulation would stay very stable causing neither
   inflation nor deflation. Remember for he last 3 decades the Fed has doubled
   the American money supply every 10 years. That fact and fractional reserve
   banking are the real causes of inflation and a reduction in our buying
   power, a hidden tax. These and other taxes are the real reasons both parents
   now have to work just to get by. The money supply should increase slowly to
   keep prices stable roughly in proportion to population growth at about 3%
   per year. Not at the whim of a group of bankers meeting in secret in fact
   all future decisions on how much money will be in the American economy must
   be made based on on statistics of population growth and the price level
   index. The new monetary regulators and the treasury department, perhaps
   called the monetary committee would have absolutely no discretion on in this
   matter except for in times of "declared" war. This would insure a steady
   stable money growth of roughly 3% per year resulting in stable prices and no
   sharp changes in the money supply. To make certain the process is completely
   open and honest, all deliberations will be public not secret as meetings of
   the Feds board of governors are today.

How do we know this will work?

Because these steps remove the 2 major causes of economic instability, the Fed
and fractional reserve banking as well as the newest one as well the BIS, the
Bank of International Settlements. But most importantly the danger of a severe
depression would be eliminated. Lets listen to Milton Friedman on the single
cause of severe economic depressions. "I know of no severe depression, in any
country at any time, that was not accompanied by a sharp decline in the stock of
money, and equally of no sharp decline in the stock of money that was not
accompanied by a severe depression". Issuing our own currency is not a radical
solution. It has been advocated by presidents Jefferson, Madison, Jackson, Van
Buren, and Lincoln. But it has been used at different time and throughout Europe
as well. Perhaps the best example is a small island off of the coast of France
in the English Channel. It is called Guernsey and it has been issuing debt free
currency used to pay for large building projects for nearly 200 years. Guernsey
is one of the best examples of how a debt free money system can work. In 1815 a
committee was appointed to investigate the best way to finance a new market
building. The impoverished island could not afford more new taxes. So the states
fathers decided to tried a "revolutionary" idea issue their own paper money.
They were just colorful paper notes backed by nothing, but the people of this
tiny island agreed to accept them and trade with them. To be sure they
circulated widely they were declared to be good for the payment of taxes. Of
course this idea was nothing new, it is exactly what America had done before the
American Revolution and there are many other examples throughout the world, but
it was new to Guernsey and it worked miracles.

What if we follow the Guernsey example, how would the bankers react?

Certainly the international bankers cartel will oppose these reforms that do
away with "their" control of the worlds economy as they have in the past. But it
is equally as certain the congress has the constitutional authority and
responsibility to authorize the issuance of debt free money. US Notes and the
reform of the very banking laws it has ill advisably enacted. Undoubtedly the
bankers will claim that issuing debt free money will cause sever inflation and
make other dire predictions, but remember it is fractional reserve which is the
real cause of over 90% of inflation. Not whether debt free US Notes are used to
pay for the deficit. In the current system any spending expenses on the part of
congress are turned into more debt bonds and the 10% purchased by the Fed are
multiplied many times over by the bankers causing over 90% of all inflation, Our
fractional reserve and debt based banking system is the problem. We must ignore
its inevitable resistance to reform and remain firm until the cure is complete.
As the director of the bank of England in the 1920 Sir Josia Stamp put it,
referring to this modern fractional reserve banking system.

".... Banking is conceived in inequity and born in sin. Bankers own the earth.
Take it away from them, but leave them the power to create money and control
credit, and with the flick of the pen they will create enough money to buy it
back again. Take this great power away from the bankers and all great fortunes
like mine will disappear, and they ought to disappear, for this would be a
better and happier world to live in. But if you want to continue the slaves of
bankers and pay the cost of your own slavery, let them continue to create money
and control credit." - Sir Josia Stamp

But Americans are slowly figuring this out, today over 32 hundred cities and
counties have endorsed the proposal of a non-profit organization called
Severity. The seventy movement calls for congress to authorize the sectary of
the treasury to issue over 90 Billion dollars per year in US Notes, not Federal
Reserve Notes or debt based bonds, to loan money interest free to cities
counties and school districts for needed capitol improvements. Remarkably and to
their praise the community bankers association of Illinois representing 515
member banks has endorsed this seventy proposal, a good step in the right
direction. This brings us to another one of our questions proposed at the
beginning of this tape.

Are we headed into an economic crash of unprecedented proportions, if so
can we prevent it and what can we do to protect our families?

As Milton Friedman has repeatedly pointed out "no severe depression can occur
without a sever contraction of money". In our system only the Fed and the Bank
of International Settlements, with US bankers cooperation or a combination of
the largest Wall Street banks could cause a depression. In other words our
economy is so huge and resilient that a depression "Just Cant Happen by
Accident". Unless we reform our banking system they will always have that power.
They can pull the plug on our economy any time they chose. The only solution is
to abolish the Fed and the fractional reserve banking system and to withdraw
from the BIS. Only that will break the power of the international bankers over
our economy. Keep in mind a stock market crash itself can not cause a sever
depression. Only the sever contraction our money supply can cause a severe
depression. The stock market crash of 1929 only wiped out market speculators,
mostly the small to medium ones, resulting in 3 billion dollars in wealth
changing hands. But it served as a smoke screen for the 33% contraction by the
Fed over the next 4 years which resulted in over 40 Billion dollars in wealth
from the American middle class being transferred to the big banks. Then despite
imposing powers of protest from the provided congress kept the independent Fed
money supply contracted for a full decade. Only WWII ended the terrible
suffering the Fed inflicted on the American people. In a depression the
remaining wealth of the debt burden American middle class will be wiped out by
unemployment, declining wages, and the resulting foreclosures. If we start to
act to reform our monetary system the money changers may do what they did in
1929 and then the 1930's. Crash the stock market and use that as a smoke screen
for contracting the money supply. But if we are determined to fight to regain
the control over our money we can come out of it fairly quickly. Perhaps in only
a few months as US Notes begin to circulate and replace the money withdrawn by
the bankers. The longer we wait the greater we will permanently lose control of
our nation. But some still wonder why the international bankers would want to
cause a depression? Wouldn't that be killing the goose that is laying all those
golden interest eggs? Remember what Larry Bates said at the beginning of this
video, "You see in periods of economic upheaval, economic crises, wealth is not
destroyed it is merely transferred". Do we have any hints as to what the money
changers have in store for us? Here is what David Rockefeller, the chairman of
Chase Manhattan bank, the largest Wall Street bank had to say,  "We are on
the verge of a global transformation, all we need is the right major crises and
the nation will accept the New World Order". So crises is needed to fulfill
their plans quickly,  the only question is when the crises will occur?
Fortunately we probably have a littlee time, it is unlikely this crisis will
occur before the 96 election after that the danger begins rising. But whether or
not they decide to cause a crash or a depression thru the relentless increases
in taxes and the losses of 100's of thousands of jobs sent over seas thanks to
trade agreements such as GAFT and NAFTA the American middle class is an
endangered species. Cheaper labor including slave labor in Red China which Harry
Woo heroically documented is being used to compete with America. In other words
money is being consolidated into fewer and fewer hands an never before in the
history of this nation or the world. Without reform the American middle class
will soon be extinct leaving only the very rich few and the very many poor as
has already occurred in most of the world. We have been warned of all this by
congressman, presidents, industrialists and economists down thru the years.
Religious leaders too have seen the dangers. About 1898 during the time of
Williams Jennings Bryant Pope Leo the 13th put it this way, "On the one side
there is the party that holds the power because it holds the wealth; which has
in its grasp all labor and all trade; which manipulates for its own benefit and
its own purposes all the sources of supply, and which is powerfully represented
in the councils of the state itself. On the other side there is the needy and
powerless multitude, sore and suffering. "Rapacious usury, which although more
than once condemned by the church, is nevertheless under a different form but
with the same guilt still practiced by avaricious and grasping men... so that a
small number of very rich men have been able to lay upon the masses of the poor
a yoke little better than slavery itself." More recently during Americas great
depression Pope Pius the 11th spoke of the same problem. "In our days not alone
is wealth accumulated, but immense power and despotic economic dominations is
concentrated in the hands of a few. This power becomes particularly irresistible
when exercised by those who, because they hold and control money, are able also
to govern credit and determine its allotment, for this reason supplying, so to
speak, the life blood of the entire economic body, and grasping, as it were, in
their hands the very soul of the economy so that no one dare breath against
their will. But now lets get back to our original question

What can we do to protect our families during a depression?

First of all get out of debt, if you can even if it means lowering your standard
of living otherwise you stand to lose everything that is debt financed. Secondly
get liquid, reduce your wealth to more liquid form. Reduce your real-estate
assets for example. If you own your own house outright then fine, if not then
sell your other assets to pay it off. For a worse case scenario consider putting
some of your assets into gold and silver coin. Pre 1965 silver coins are 90%
silver and 1965 on they are not. It has been said during a severe depression a
single silver dollar may be able to by your family groceries for a week. Why
will old sliver dollars become so valuable? Because most people are familiar
with them they know they are of an assured weight and purity. In that case
owning just 20 to 30 silver dollars might mean the difference of your family
making it or not threw what is likely to be the worst time in US history. Other
forms of precious metals particularly gold are usually a good way to protect
extra assets during a depression too. But there are other things you can do. You
might consider foreign currency funds. Consider opening a Swiss or Austrian bank
account, or a foreign currency denominated in a US bank. If you can afford to
diversifying into all them consider doing so. Educate your friends, our country
needs a solid group who really understands how our money is being manipulated
and what the solutions really are, because if a depression comes their will be
those who call themselves conservatives coming forward advancing solutions
framed by international bankers. Beware of calls to return to a gold standard.
Why? Simple because never before has so much gold been so concentrated outside
of American hands, and never before has so much gold been in the hands of
international governmental bodies such as the world bank and international
monetary fund (IMF). In fact the IMF now holds more gold than any central bank A
gold backed currency usually brings despair to a nation and to return to it
would certainly be a false solution in our case. Remember we had a gold backed
currency during 1929 and during the first 4 years of the depression. Like wise
be aware of any plans for a regional or world currency, this is the
international bankers Trojan horse. Educate your member of congress it only
takes a few persuasive members to make the others to pay attention. Most
congressmen just don't understand the system. Some understand it but are so
influenced by bank PAC contributions that they ignore it not realizing the
gravity of their neglect. We hope we have made a valuable contribution to the
national debate on monetary reform. It remains for each man to do his duty
consistent with his state in life. May God give us the light to reform our
nation and ourselves. We say "ourselves" because ultimately the vast multitudes
of men are going to be driven more and more to desperation by the accumulation
of the worlds wealth into fewer and fewer hands. Men will tend to become like
their oppressors, selfish and greedy. Rather lets keep in mind during this
period of reform a warning not to lose site of greater things. As pope Pius the
11th put it, "For what will it profit men that a more prudent distribution and
use of riches make it possible for them to gain even the whole world, if there
by they suffer the loss of their own souls. What will it profit to teach them
sound principals in economies, if they permit themselves to be so swept away by
selfishness, by unbridled and sordid greed, that 'hearing the commandments of
the Lord, they do all things contrary'.

To order a copy of The Money Masters call 1-888-THE-PLOT or go to
www.themoneymasters.com

Thanks for the heads up DWA.

The authors regularly give permission for this video to be shown on public
access television.

I doubt they are worried about my little non profit soap box.... LOL

But it is a good thing to be aware of :-)

I have consistently given you the link to this information, but you "can't
access" it.

Therefore you get a "long" post.

Your Friend in Freedom

Federal Farmer