Clearing the Confusion Around Money

There was an interesting discussion last week at the end of this post, part of which centred around the true nature of money.

The true nature of money is not as we are led to believe by those who control the money. In fact, it’s really quite different to what we are led to believe, and the conspiracy theorist in me thinks that’s exactly the way the system has been designed – a massive fraud, perpetrated on a population kept deliberately ignorant through misinformation.

The first, and broadest History of Money I read was here. It goes on a bit, but take some time out to read it because it is completely fascinating. I particularly like the piece about the creation of the Federal Reserve, low down on the Part 2 page…

[The Federal Reserve] is not Federal and it has doubtful reserves. The name is an open deception designed to give this private bank the appearance that it is operating in the public’s interest, when in fact it is run solely to gain private profit for its select stock holders. It came into being as the result of one of the slickest moves in financial history. On 23rd December 1913 the house of representatives had past the Federal Reserve Act, but it was still having difficulty getting it out of the senate. Most members of congress had gone home for the holidays, but unfortunately the senate had not adjourned sene die (without day) so they were technically still in session. There were only three members still present. On a unanimous consent voice vote the 1913 Federal Reserve Act was passed. No objection was made, possibly because there was no one there to object.

Charles Lindbergh would have objected. “The financial system has been turned over to… the federal reserve board. That board administers the finance system by authority of… a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.”

Louis T. McFadden would have objected. “We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board… This evil institution has impoverished… the people of the United States… and has practically bankrupted our Government. It has done this through… the corrupt practice of the moneyed vultures who control it.”

Barry Goldwater would also have objected. “Most Americans have no real understanding of the operation of the international money lenders… The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and… manipulates the credit of the United States.”

Most Americans would object if they knew. The Federal Reserve is the largest single creditor of the United States Government, and they are also the people who decide how much the average persons car payments are going to be, what their house payments are going to be, and whether they have a job or not. The three people who passed the Federal Reserve Act in 1913, knew exactly what they were doing when they set up this private bank, modelled on the Bank of England and the fact that THE BANK OF ENGLAND had been operating independently unopposed since 1694 must have given them a great deal of confidence.

Things are not all they seem in the banking world. The Fed was created on the QT, while most law-makers had gone home for Christmas. It is a private institution, along withe the Bank of England and most other national banks. And, contrary to popular belief, banks do not simply take money in on the one side, lend it out on the other, and make profit from interest in the middle.

No! Banks create money from nothing, on a daily basis.

Closer to home now, and bang up to date, is the Positive Money campaign, which is really starting to gather momentum now. They’ve had early day motions taken to the floor of the House of Commons, pushing for simple yet radical reform of the banking system; they have some very senior bankers and politicians on their side; and in the video below, Ben Dyson presents the full picture.

Again, it’ll take perhaps 90 minutes of your day (including Part 2) but it’s well worth it.

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