This Note Is Redeemable in Debt

What Gives the American Dollar it's Value?

"This note is legal tender for all debts, public and private." Every bank note in your wallet proclaims this, so you ought to know what that means. To do so, it requires another lesson in history; the inception of the Federal Reserve Bank. If we do not understand our history, then we are doomed to repeat it, and in this case we already are. The Dollar Bill used to say "This note is redeemable in gold." That's because every dollar that was printed could only be printed if there was a certain amount of gold backing it up, to give it real value. Thus, the notes were redeemable in gold, which is an asset that history has proven to be stable. The gold standard was abolished shortly after the Fed was incepted. Henceforth, all money was created out of nothing. So the logical question is: What gives our money value? I've been searching for the answer for years, and it did not hit me until this morning, as I was walking through the city in the sunshine, marvelling at all the buildings, churches, side-walks, businesses, and people, while wondering how all this came to be with the fraudulent currency that we've operated on for the last 101 years. I noticed that for every well off person I saw, there were probably 10 more dirt poor people. This is not because there is anything wrong with these people, it is because the system is designed this way. For anybody to get rich, others must go broke. When you consider the shrinking Middle Class in America, this makes a lot of sense. So what gives our money value? Nothing other than the fact that the government has promised to pay back each and every dollar (and at interest) that was ever in circulation. How is this payed for? By taxes, or in other words, people like you working your ass off. That's what gives the dollar it's value. Perpetual enslavement of the people.


How Money is Created Today

This process has been well documented and finally put in simple terms. Let's examine the process:

We shall start with the need for money. The Federal Government, having spent more than it has taken from its citizens in taxes, needs, for the sake of illustration, 1 billion. Since it does not have the money, and Congress has given away its authority to "create" it, the Government must go to the "creators" for the $ 1 billion. But, the Federal Reserve, a private corporation, doesn't just give its money away! The Bankers are willing to deliver 1,000,000,000 billion in money or credit to the Federal Government in exchange for the Government's agreement to pay it back -- with interest! So Congress authorizes the Treasury Department to print 1,000,000,000 billion in bonds, which are then delivered to the Federal Reserve Bankers.

The Federal Reserve then pays the cost of printing the 1,000,000,000 (about 1,000 dollars) and makes the exchange. The Government then uses the money to pay its obligations. What are the results of this fantastic transaction? Well, $ 1 billion in Government bills are paid all right, but the Government has now indebted the people to the Bankers for $ 1 billion on which the people must pay interest! Tens of thousands of such transactions have taken place since 1913 so that 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 in interest alone with no hope of ever paying off the principal. [Get this!! If the principle were ever paid back, there would be NO more money in circulation.] In 1995, the total Federal Debt has grown to over $ 5 trillion, with an annual interest payment of $ 203 billion, 14% of the federal budget. Supposedly our children and following generations will pay forever and forever!

And There's More...You say, "This is terrible!" Yes, it is, but we have shown only part of the sordid story. Under this unholy system, those United States Bonds have now become "assets" of the Banks in the Reserve System, which they then use as "reserves" to "create" more "credit" to lend. Current "reserve" requirements allow 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 them interest with their only cost being $ 1,000 for printing the original $ 1 billion! Since the U.S. Congress has not issued Constitutional money since 1913, in order for the people to have money to carry on trade and commerce they are forced to borrow the "created credit" of the Monopoly Bankers and pay them usury-fees!

And There's Still More...In addition to the vast wealth drawn to them through this almost unlimited usury, the Bankers who control the money at the top are able to approve or disapprove large loans to large and successful corporations to the extent that refusal of a loan will bring about a reduction in the price that that Corporation's stock sells for on the market. After depressing the price, the Bankers' agents buy large blocks of the stock, after which the sometimes multi-million-dollar loan is approved, the stock rises, and is then sold for a profit. In this manner billions of dollars are made with which to buy more stock. This practice is so refined today that the Federal Reserve Board need only announce to the newspapers an increase or decrease in their "rediscount rate" to send stocks up and down as they wish. Using this method since 1913, the Bankers and their agents have purchased secret or open control of almost every large corporation in America. Using that control, they then force the corporations to borrow huge sums from their banks so that corporation earnings are siphoned off in the form of interest to the banks. This leaves little as actual "profits" which can be paid as dividends and explains why stock prices are so depressed, while the banks reap billions in interest from corporate loans. In effect, the bankers get almost all of the profits, while individual stockholders are left holding the bag.

Millions of working families are now indebted to the few hundred Banking Families for twice the assessed value of the entire United States. And these Banking Families obtained that debt against us for the cost of paper, ink, and bookkeeping!


How The Fed Came to Be

Our founding fathers well very opposed to central banks. They were well aware of the perils of such institutions, the very dangers that Americans today are now having to relearn for themselves. The American Revolutionary war began primarily because the English King George III decided to outlaw to the American Greenback, which was the currency that the colonies had been using, and quite prosperously. This forced the people to borrow currency from the English central bank at high interest rates. It immediatly put the colonies in a state of debt, because they were forced to pay back interest on the money. Now, if all the money is coming from the same bank, and at interest, where the hell is the money to pay the interest back supposed to come from? It did not exist, creating a perpetual debt cycle. So the revolution was fought, many people died, and for a short, sweet period of time, we were truly free. The Fed is not the first evil monetary structure that our country has dealt with. There were a few preceding prototypes. The fed is the reason why the national debt will only ever increase:

"In fact, the last time in American history the national debt was completely paid off was in 1835, after President Andrew Jackson shutdown the Central Bank that preceded the Federal Reserve. In fact Jackson’s entire political platform essentially revolved around his commitment to shut down the Central Bank, stating at one point: ” the bold efforts the present bank has made to control the government are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.” Unfortunately his message was short lived, and the international bankers succeeded to install another central bank in 1913…The Federal Reserve. And as long as this institution exists, perpetual debt is guaranteed."   *

On December 23rd, 1913, while most of congress was at home with their families, the Federal Reserve Act was passed by a few well-paid-off politicians and then signed into law by President Woodrow Wilson. This was largely a response to a false panic is 1907 that caused a serious recession. Although those responsible have gone through great lengths to conceal the truth of this financial panic, as well as the crash of '29, and every crisis in between and up to the mortgage crisis of '08, the truth is that every single financial crisis America has ever endured could have been avoided, and was caused by the same small group of people that still run the banks (and thus the country) today.

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

-Woodrow Wilson, after signing the Federal Reserve into existence

“Give me control of a nation’s money supply, and I care not who makes its laws.” --Mayer Amschel Rothschild

Where to Go from Here?

The Federal Reserve Bank is the end result of the international banking cartels completing what they have always wanted to do: control everything. All money comes from them, and is owed back to them (and then some). So, we can never truly prosper as a country as long as this institution exists. Every period since 1913 when the country seemed to be doing well was a result of the Fed making it so. And every time all seems to be going well, the economy collapses. The last time that happened was 2008. Not only did J.P. Morgan, Goldman Sacks, and a few other large corporations declare bankruptcy (thus removing the obligiation to pay back their debts), they forced the government to pay them back for the money that they lost by betting against whether John Smith will pay his mortgage. It was one of the biggest heists in history, all made possible thanks to the Fed.

War, poverty, drug abuse, and just about every other national problem that exists can be traced back to these banking cartels in one way or anther. Ron Paul is the only presidential candidate I know of that ever challenged the Federal Reserve. We must elect into office a president that is willing to stand up to this insane institution and end this cycle. When a presidential candidate promises to eliminate the national debt, now you know why he is full of shit. It's simply impossible by design, and will only ever happen if we get rid of the Fed.

There are other ways to undermine the Fed than politicians. For example, you can use alternative currencies such as bitcoin. Now that you understand what gives the dollar its value, maybe it won't be so hard to understand that what gives bitcoin it's value is trust in the currency. That's better than the trust in debt that backs the dollar. Bitcoin and other crypto-currencies are a direct threat to the banking cartels. I encourage everyone to look into alternative currencies, question current policies, and to keep your minds open.

*Source