Sunday, November 13, 2011

Recent Events Prove Debt Based Currency Incompatible with Self Government

"The system of banking is a blot left on all of our constitutions and laws which, if not corrected, will end in their destruction." - Thomas Jefferson
 "...the borrower is the slave of the lender." - Proverbs 22:7 
Recent headlines have confirmed the truth expressed by both Scripture and our third President.   Freedom and self-government are incompatible with a debt-based monetary system.   You must pick one or the other.  In the long run, you cannot have both.

The situation in Greece and Italy remind us that those two contradictory systems (freedom and debt-based money) cannot co-exist for long.  Given this truth, shouldn't we at least be talking about which of those two systems we wish to jettison?   Where is the conversation?

In Greece, government overspending produced a crisis.   They needed to borrow more money.  The European bankers demanded Greece basically turn over control of its domestic spending to them, as well as pledge some of their hard national assets.  What would the Greeks get in return? More debt-based money that those bankers created from thin air.

The Greek Prime Minister agreed to the banker's demands.   The folks back home rioted at the idea of the bankers running their government.  The Prime Minister backtracked and said he would hold a referendum on whether or not to take the banker's offer.    The bankers were outraged.  Before a week had passed, that Prime Minister was out, as was any talk of a referendum.   The people would not get to choose whether or not they wanted to turn control of their government over to the financiers, or take their chances without a future line of credit.

A similar situation occurred in Italy.    Where as most politicians have wealthy patrons who they answer to, the guy running Italy was a billionaire in his own right, with his own media.   He was a rascal, but he was an independent rascal.    With him, there was a risk that his ego would cause him to buck up against the idea of handing the reigns over to people outside of Italy.    Now, he is gone- replaced by a man who has been an adviser to Goldman Sachs.

The borrower is slave to the lender.   Once you give a select group of people (banks) the power to issue a nation's debt-based currency, then your nation's slavery to that group is assured.   It is only a matter of time.   In time, they will use the power to create money out of thin air to buy off your politicians, own your mass media, and eventually dictate terms.   The global media's negative reaction to the Greek's brief attempt to hold a referendum on whether to turn over control of their government to the bankers tells you where the media is on this.

No political party can long resist the banker's offer to keep the good times rolling by offering artificially low interest rates.   Governments can overspend and pass the costs off to the next generation- for a while at least.   If someone does oppose them, they can create money from thin air to buy them out or wipe them out.    Once a private group, such as the banks that comprise the fed, gain the power to issue debt based currency from thin air, no other power- including the power of the people, will long matter.

The Europeans are just a little bit ahead of us on the new road to serfdom.    Our last hope is to learn by their example, and support only elected officials who understand the threat and will act to end it before it is too late- even as Jefferson and Andrew Jackson before them did.   Sadly, most candidates have their allegiance  with those who control the magic money machine.   They won't even direct your attention to the issue, much less do anything about it.   Those who will are a rare jewel, worthy of support.


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