Goldsmiths

[2-0-Sixx]

Walking among the ruins of the ancient temple of Apollo in Delphi, Greece one day, I came upon a beautiful little building called the Athenian Treasury. Its floor had deep grooves carved out of solid rock. In these holes the pagan priests deposited the gold, silver, gems and jewels which were brought to them for safe keeping. The custodians of temple gold came to be known eventually as goldsmiths.



In olden times when a man produced more things than he needed for his personal use, the barter system was employed for exchange purposes. In other words, he would trade some object that he did not need for some other object that he did need.

Beginning about seven centuries before Christ, the custom of coining money was introduced. The power to thus create coins was vested entirely with kings. If an individual was caught usurping this right, he was put to death. This arrangement continued until about the year 1650 when certain changes began to occur which laid the foundation for modern banking.

The clever goldsmiths gained private control of the money of various nations, particularly England. Kings continued to manufacture gold and silver coins, but these began to be hidden away in vaults for the goldsmiths to use as a basis for issuing their own private money in the form of slips of paper. As the power of the goldsmiths increased, they were in many instances even able to control Kings.

Because the goldsmiths were the only persons who had safe places in which to hide valuables, the merchants adopted the plan of bringing their gold and silver coins to them for safe keeping. In exchange, the goldsmith would give the merchant a receipt or certificate. After a while these receipts came to be used for exchange purposes instead of coins. The merchants were soon buying things with their receipts.

Thus, paper money was born. Goldsmiths discovered before long that large quantities of gold and silver were accumulating on their hands, so they issued more receipts-currency. The love of money being the root of evil, designing goldsmiths conceived the plan of inflation and wrote out hundreds of times as many receipts as they had gold coins on deposit. This fraud was later made the lawful basis of modern currency. Had all of the receipt-holders demanded their gold and silver at the same time, there would have been a run on Mr. Goldsmith's "bank" -- and in all probability a banker would have been found the next morning hanging by the neck from the limbs of a nearby tree.

At this point in the evolution of money, the curse of interest was introduced. Goldsmiths were not content to loan something they did not possess; this alone was not sufficient to satisfy their greed; so they began requiring people to pay interest when they were forced to come back for more certificates.



So, by the "dog eat dog" process, merchants. were compelled to work and scheme in order to get other certificates from their fellows to be able to pay back the certificates which they had borrowed from the goldsmiths. Business began to be transacted in terms of interest-bearing certificates instead of coins. Meanwhile, the goldsmiths used interest as a means for holding merchants by the throat.

The invention of interest is called usury. It is the chain that binds the masses today. As long as the goldsmiths were able to control the gold, they could control the paper issued from the gold, and thus they could control the people who had to have the paper in order to live. Wherever the gold is, there rests the power to rule the world.

Hence the words of President Garfield: "Whoever controls the money of a nation, controls that nation."

We have now seen how the trickery of the goldsmiths became the foundation of the modern gold standard. The gold reserve behind paper money is all that the goldsmiths of the twentieth century need to produce whatever panics, depressions, riots and spasms of anarchy they may desire.

That is why the international goldsmiths of today do not want to see silver taken as a basis for paper money as well as gold. There is so much silver in the world that it would be difficult for them to control it.

The late F. G. Bonfils once said: "All the gold produced in the world in 438 years would only make a block 38 feet square." This is the kind of a golden-calf that the world worships. By controlling this huge nugget, the internationalists find it possible to rule the world.

taken from gnn.tv

 

[mac yayo]

interesting shit. its a little off topic but the gathering is my favorite part of the siccness, u fuckas always arguein and shit but u learn hella shit from readin everybodys points of veiw and then u form ur own opinions. for real i learn more important shit up in here than i do at school lol

 

[miggidy]

Good article.
Jesus said money is the root of all evils.

We all know that money makes everything happen,
there for who ever controls the money controls everything.
Fuck the Federal Reserve!

 

[mac yayo]

aye miggidy what is ur avatar a pic of?

 

[miggidy]

Me,
I just added some effects using Yahoo Photos.

Nice link in your sig,
we can always use roms

 

[2-0-Sixx]

Good article.
Jesus said money is the root of all evils.

"For the love of money is the root of all evil" -- II Timothy 6:10


"The most sinister and anti-social feature about bank-deposit money is that it has no existence. The banks owe the public for a total amount of money which does not exist. In buying and selling, implemented by cheque transactions, there is a mere change in the party to the whom the money is owed by the banks. As the one depositor's account is debited, the other is credited and the banks can go on owing for it all the time.

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.

This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so 'dangerous' as it destroys money just when it is most needed and precipitates a slump.

There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. An honest money system is the only alternative." -- Frederick Soddy, M.A., F.R.S., Nobel Prize Winner, 1921.

 

[mac yayo]

ha yeah my site will be workin again on april 1

 

[2-0-Sixx]

As the above makes clear, banks are able to manipulate "money" using various methods like the debiting of one account and the crediting of another, and so on, thus "balancing" the accounts. Banks also "create" money in more ways than one, through a trick that will be looked at later on.

Economists use the term "create" when observing the process by which money comes into being. Thus, creation means making something that did not exist before.

A sawmill makes boards, workers build houses from timber, a glass-blower makes fancy glass ornaments. In these examples, they did not "create", but converted already existing materials into a more usable, and thus more valuable form

However, money "creation" is somewhat different. Here, and here alone, man "creates" something out of nothing. Pieces of worthless paper are printed, given various denominational values, which can be used to purchase, for example, a glass ornament. Its value (of the money, or piece of paper) has been "created" literally out of thin air.

As we can see from the above, manufacturing money is dirt cheap, and whoever does the "creating" and issuing stands to make impressive profits.

 

[2-0-Sixx]

The Supply of Money


"Let me issue and control a nation's money and I care not who writes its laws" -- Attributed to Mayer Amschel (who later changed his surname to Rothschild and founded the largest financial dynasty ever to exist in its influence and power).


The proper use, distribution and supply of money is of vital importance to the efficient running of society. Modern societies are completely reliant on an adequate supply of money.

Without money, industry would grind to a halt, farms would become mere self-sustaining units, surplus food would disappear, jobs requiring one or more workers would remain unfinished, transport of all goods would cease, hungry populations would kill and steal to stay alive, and government would collapse leading to complete anarchy. It is not hard to imagine the catastrophic conditions created if money was to completely vanish.

Money remains the life-blood of society; money flows throughout society just as vital nutrients flow throughout the body, giving sustained growth, development and vitality.

Money is the method by which goods and services are exchanged; remove money or hamper supply and the results will be disastrous. We need only recall Australia's Great Depression of the 1930's.

 

[2-0-Sixx]

Money for Peace? No! Money for War? Yes!

"The Rothschilds can start or prevent wars. Their word could make or break empires" -- Chicago Evening American, December 3, 1923.

World War II ended the Great Depression. Overnight, the same Bankers who had no money for housing, food and clothing, suddenly had millions to lend for Army barracks, uniforms, rations and weaponry.

This was a remarkable reversal in policy by the Bankers. They simply began pumping millions upon millions of dollars back into the economy when war was imminent. The Great Depression ended because of the war.

There will be some who believe that a war will lead to a "boom economy" because it leads to a massive increase in activity and production. This fallacy is easily exposed: If we were able to manufacture millions of tonnes of war equipment, dump it in the desert and blow it up, would we therefore have a "boom economy"?

On the contrary, wars create huge debts to the Bankers who are able to expand the money supply and lend more money out. In the case of a war, the victor nation would have to seize the assets of the defeated nation, occupy its place in the international trade system, and thus, sometime in the future, be able to pay back all its debts (including interest) to the Bankers who made the war possible in the first place. Big banks, that have traditionally been owned exclusively by a few collaborating families, can change the course of history and have done so for much of this century.

 

[miggidy]

Good shit 2-0,

I wonder if anyone's soaking this info.
I wish people would look at money deeper than face value.
The fucking private (and international) banks who run the Federal Reserve are a bunch of crooks....

 

[2-0-Sixx]

^I feel ya....




Usury

"Who goeth a borrowing goeth a sorrowing" -- Benjamin Franklin.


Human skeletons found at Franklins home


The main method through which new money (not true, real money, but "credit" representing a debt) can go into circulation in Australia is when it is borrowed from Bankers. When large amounts of money are borrowed and utilised within society, an illusion of prosperity appears. Thus, when "credit" is loaned out to borrowers, more wealth circulates within society giving the outward appearance of abundance. Of course when it comes to paying that money back, there is the question of usury or interest. As "credit" is borrowed out, interest accumulates at ever-increasing rates as we will soon see.

The transaction of borrowing money proceeds as thus:

The applicant applies to borrow X amount of dollars from a Banker. The Banker, by the stroke of his pen, issues the applicant the principal (the amount borrowed), i.e. "creates" the borrowed amount. This amount does not come from individual bank accounts. The Banker lends the applicant nothing tangible (i.e. gold, silver, paper or ink) on credit, they lend the applicant intangible CREDIT on credit!

Thus, the problem of limited supply is circumvented; the Bankers are lending noTHING which means they can go on lending forever. A highly profitable venture indeed.

To conceal the fraud of lending nothing, Bankers charge interest, whereby borrowers (of nothing) agree to return more imaginary "credit" than they borrowed.

The borrower whose original loan consisted of principal only, must also pay an extra amount that the Banker specifies (interest). Therefore, the new money never equals the new debt added. The amounts needed to pay the interest on the original loan is not "created", and therefore does not exist!

Under this insidious system, the new debt will always be larger than the new money; as more money is needed to pay back interest, less money becomes available. This whole system is particularly unjust when one realises that he/she is repaying intangible principle ("created" by the bank) as well as interest (which is conceived from the "created" principal!)

The above can be illustrated by the following:

The applicant borrows $60,000 to purchase a home, farm or business, and the Bank has the borrower agree to pay back the loan PLUS interest. At just 14%, the borrower must repay $710.92 per month for 30 years. The Bank obtains its "mortgage" over the property and the borrower receives a $60,000 cheque from the Bank which is credited to his/her bank account. The borrower then writes cheques to the builder, contractors, other institutions etc. These persons in turn write cheques. Some $60,000 of new cheque-book money has been added to the money supply.

However, the flaw with this usury system is this: the only new money created and injected into circulation is the principal of $60,000. The money required to pay the interest was NOT created and was not put into circulation.

In the above case, the borrower must earn and take out of circulation $255,931, almost $200,000 more than he put into circulation when he borrowed the original $60,000. Every new loan, big or small, puts this same process into operation. The borrower adds a small amount of money to the total supply of money and deducts more than quadruple the original sum (as in above example) to meet his "obligations".

Another example given below illustrates the year by year progression of a loan for $100,000 at 20% interest for 15 years. Take note that the borrower has repaid the principle after five years of payments! The borrower continues to pay the bank a total of $216,134 over the next ten years. (Table)

The inevitable outcome of this system is the diminishment of money in circulation to the point where a depression will be imminent. Money increasingly disappears into the Bankers coffers leaving less and less in circulation. Debtors struggle against each other, vying for new loans which will mean more "created" money and more interest. The banker accrues vast sums of real money and credit that he will gamble on the stockmarket, etc. The Banker will also accumulate all types of property assets, snatched from bankrupt farmers, businessmen etc.

The Banker who produces nothing of value, slowly, then more rapidly, gains a death grip over the land, buildings and labour of future generations. The borrowers have become the servants of the lenders and have placed themselves on the economic treadmill of debt.

 

[2-0-Sixx]

The Greatest Swindle Ever!


"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it all back again. However, take it away from them, and all the great fortunes like mine disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits" -- Sir Josiah Stamp (President of the Bank of England in the 1920s, the second richest man in Britain).

 

[2-0-Sixx]

We are ruled by a capitalist Bank-owned Mammon that has usurped the mantle of government, and set about to pauperise and control the people. It is now a centralised power-hungry apparatus which promotes war, steals the people's wealth and uses every type of propaganda to keep its position.

The future will give way to an even larger increase in financial transfers done not only by cheque but by computer transfers that the consumer/borrower will execute from ATMs (Automatic Teller Machines) and home computers. When 100% of all transactions are processed in this manner, the cashless society will have been reached -- a Banker's paradise. The cashless society will be the ultimate instrument in social control; no more tax evasion, no more "extra money on the side", no existence outside the system.

 

[2-0-Sixx]

The following are extracts from Rev. Charles E. Coughlin's famous book Money! Questions and Answers. The title is self-explanatory as to the easy-to-read format of this wonderful book. The book is available from N.D.I.N.S, GPO Box 3126FF, Melbourne, 3001 for A$16 plus A$2 postage and handling.



When an individual borrows money from a bank, does the banker lend him money that other private individuals have brought to the bank?

No. That is what the bankers would like to have you believe, but it is not true.

How do banks create money out of nothing by mere book-keeping entries?

By the following manufacturing process:

John Jones, a business man, needs $10,000. He goes to the bank and explains the nature of the busi ness he proposes to conduct. He takes to the bank certified figures indicating the value of his business, factory, farm, home, etc. If the banker is satisfied with the amount of real wealth to be pledged, he gives John Jones a note to sign. This note is a mortgage upon the wealth John Jones owns, and gives the banker legal power to confiscate the wealth, if John Jones does not pay at a specified time the number of dollars he is borrowing. The banker then manufactures the money on his ledgers.


How does he do this?

When the banker accepts John Jones' note, on the asset side of the ledger he writes: Assets Liabilities Loans and Discounts...............$10,000 On the liability side he writes: Deposits.......................................10,000 At that instant, there is $10,000 more money in existence and available for use than before the banker made these entries.


What does John Jones do with this bookkeeping money?

He goes back to his factory with a bank book, not with actual currency, showing a deposit to his account of $10,000.


What is the exact nature of the item on bank balance sheets called "Deposits"?

The "Deposits" are actually and legally nothing but liabilities of the bank. They are the money the bank owes, not what it has. A bank deposit is actually a bank's promise, nothing more.

What can John Jones do with this newly created deposit?

He can and does write cheques against this deposit to pay labourers, buy raw materials, and pay general overhead, incident to carrying on the manufacture and distribution of wealth.

How is this possible?

Other banks are doing the same thing at the same time. A bank against which cheques are drawn receives the proceeds of similarly manufactured deposits in other banks. Each bank receives cheques drawn on other banks which offset those drawn against it. They all have to work together. If there were only one bank the fraud would be soon discovered.

Is this process honest where John Jones pledges real wealth to secure the banker's fictitious bookkeeping money?

No, because it enables the banker to lend purchasing power (money) which costs him nothing but the general overhead of running a bank, and forces John Jones...to pay interest for the existence of bankers' bookkeeping money, with which 95% of...business is transacted.

When the banker manufactured $10,000 and loaned it to John Jones, who began to write cheques, exchanging that bookkeeping money for wealth and services, what happened to the price levels?

They were increased, because there was $10,000 more money in existence than there was prior to John Jones' loan. This new money came into existence, however, without a corresponding increase in the volume of goods and services, thus decreasing the unit value of money already outstanding. The value of outstanding money went down, which meant that the price level went up, i.e., the same amount of goods would then command more money. This principle is well recognised by all economists.
For example, if there are only $10,000 in existence in the egg market and only 10,000 eggs to be had we will say that each egg is worth $1.00. Now supposing that there are $20,000 in existence in the egg market and still only 10,000 eggs to be had. Each egg becomes worth $2.00. It is the old law of supply and demand. The double amount of money represents the demand. But the same quantity of eggs represents the supply. The egg merchants desirous of getting as much as they possibly can per egg will exhaust the supply of egg money.

When John Jones, the business man, is forced to pay his loan at the bank, what happens to the volume of money in the nation?

It is reduced by the number of dollars that John Jones pays.


What happens when a large number of business men are forced to pay their loans?

A large volume of the necessary medium of exchange is extinguished, i.e., cancelled out of existence.


What is a genuine loan?

In making a genuine loan the lender advances real money which represents a transfer of real purchasing power. Thus, if "A" earns $1000 working at the production and distribution of wealth, he may exchange that $1000 for wealth, or he may abstain from using or possessing wealth and lend his $1000 to another. If he lends his $1000 so acquired, he is a party to the making of a genuine loan.


Why are bankers as a rule opposed to the existence of genuine money and prefer the existence of so-called credit money?

If bankers are compelled to lend genuine money they are merely acting as agents for some real depositors and thereby are profiting only insofar as they are handling genuine money to the extent of the total amount of genuine money deposited with them. If bankers are privileged to lend credit money it means that they are not lending, as a rule, depositor's genuine money but are lending ten or fifteen or twenty times the amount of genuine deposits. They create credit money or fictitious money by a flourish of the fountain pen. Thus instead of lending only actually, for example, a million dollars of total deposits at 3% with the return of $30,000 profit the bankers are lending under the credit money racket, for example $20 million, $19 million of which is fiction. In this latter case their profit would be approximately $600,000.
Therefore, bankers are opposed to honest money and to honest lending because of the difference of profits which in the case above would amount to approximately $570,000.


But why should citizens be opposed to bankers making this extra profit?

Because this extra $570,000 must be taken out of the sweat of the labourer. It is a social injustice which permits privileged classes to reap where they did not sow.


Is capitalism, as we find it in operation today, in perfect harmony with Christian, moral, ethical and philosophical principles?

Emphatically, no. Masquerading under the title of capitalism, modern capitalism is notorious for the following errors which are contrary to human nature and to good government.
1. Modern capitalism borrows money at interest for non-productive and destructive purposes.
2. Modern capitalism, while professing in the belief in private ownership, concentrates the wealth in the hands of a few and deprives the mass of private individuals from owning the tools of production.
3. Modern capitalism professes to believe in the private coinage and regulation of money...


Do all people have equal opportunity under our present money system?

No, they do not.

"They say to us that we all have an equal opportunity, and that it is our fault that we do not become rich. They seek, however, in every way possible, to prevent us from taking the only opportunity we have to all become successful for they know that if we did, it would end their exploits." (From "Why is Your Country at War" by Charles A. Lindbergh, Sr. in a speech urging the passage of a bill to provide a honest money system.)

Why is it that the modern newspaper (free press) upholds modern capitalists?

Because the modern newspaper, in many instances, is owned or controlled by the banker or the banker dominated advertiser who insists that the editorial matter in a modern newspaper does not militate against the interests of the modern capitalist.

Is usury opposed to morality?

Yes, and it is also opposed to Christian teaching.

(Article from New Dawn magazine -- a magazine exposing consensus reality, and publishing suppressed information. Sample copy for A$5 can be obtained from: GPO Box 3126FF, Melbourne, 3001, AUSTRALIA).

 

[miggidy]

That's Capitalism for you....

What kills me is that Jesus was a Communist,
yet it is these so-called Christians who oppose Communism :hurt:

 

[2-0-Sixx]

New 5 cent

 

[HERESY]

I made a similar thread to this thread over a year ago. I've said it before and I'll say it again...*IF* the average american citizen understood money, how it works and who controls it this government and economy would cease to exist. Why was Kennedy killed? Why did people become upset with him wanting to use silver instead of paper? Why doesn't the average joe comprehend the fact that paper money is just that....*PAPER*. Paper which is no longer backed by tangibles or commodities but backed by thin air.......LOL!!!!!!! If it weren't "illegal" *YOU* (whoever is reading this post) could print your own money and it would have the same value as a hundred dollar bill. Why is counterfiting a major crime? If you understand this thread you will know why.


Great thread 2-0-6


:hgk:

ps I know nothing of the new 5 cent coin nor have I seen those pics before. However I'm going on record to say that the hand shake ***STRONGLY*** resembles a masonic handshake I was shown a couple of years back.

 

[phil]

i think that handshake has irish tradition involved. it has 3 meanings in one. i was told by my moms second husband who was irish. he had a tattoo of it. something about loyalty, love, and something else, maybe courage or honesty

 

[miggidy]

I was just watching a special on one of the major news stations and it was about the huge debt that we're going to pass one to our next generations.

It's projected to hit the trillions with in 10 years....
And guess who we owe this money to?
The thing that kills me is that they lended us this paper money that held no value,
and now we're gonna owe trillians in real money.

What a fuckin fraud.
Man would I love to see the day that people rise up and over throw our current government (much like the founding fathers did) and cut ties with the private banks that are sucking us of our life source like blood thirsty leeches....