by Marvin J. Ramirez
Marvin Ramírez
NOTE FROM THE EDITOR: This is the seventh part of a series of the article, “Billions for the bankers – debt for the people.” The first part started with history of the United States national debt in the beginning of 1900. This second of this series of several parts, will show you how the control of money has played a key role into the enslaving North Americans by depraving them of owning nothing, while the bankers own everything. The third part details the events from the Depression of the 1930s to later days. The fifth part deals with Manipulating Stocks for Fun and Profit, The Interest Amount is Never Created and The Tyranny of Compount Interest. The sixth part deals with Small Loans do the Same Thing, Checking Up On Cash, and Our Own Debt is Spiraling into Infinity. El Reportero is proud to publish this article, written by Pastor Sheldon Emry for learning purposes, of the history of money in the United States.
Gambling Away the American Dream
by Pastor Sheldon Emry
To grasp the truth that periodic withdrawal of money through interest payments will inexorably transfer all wealth in the nation to the receiver of interest, imagine yourself in a poker or dice game where everyone must buy the chips (the medium of exchange) from a “banker” who does not risk chips in the game.
He just watches the table and reaches in every hour to take 10 percent to 15 percent of all the chips on the table. As the game goes on, the amount of chips in the possession of each player will fluctuate according to his luck.
However, the total number of chips available to play the game (carry on trade and business) will decrease steadily.
As the game starts getting low on chips, some players will run out. If they want to continue to play, they must buy or borrow more chips from the “banker”. The “banker” will sell (lend) them only if the player signs a “mortgage” agreeing to give the “Banker” some real property (car, home, farm, business, etc.) if he cannot make periodic payments to pay back all the chips plus some extra chips (interest). The payments must be made on time, whether he wins (makes a profit) or not.
It is easy to see that no matter how skillfully they play, eventually the “banker” will end up with all of his original chips back, and except for the very best players, the rest, if they stay in long enough, will lose to the “banker” their homes, their farms, their businesses, perhaps even their cars, watches, and the shirts off their backs!
Our real life situation is much worse than any poker game. In a poker game no one is forced into debt, and anyone can quit at any time and keep whatever he still has. But in real life, even if we borrow little ourselves from the “bankers,” our local, State and Federal governments borrow billions in our name, squander it, then confiscate our earnings via taxation in order to pay off the bankers with interest.
We are forced to play the game, and none can leave except by death. We pay as long as we live, and our children pay after we die. If we cannot or refuse to pay, the government sends the police to take our property and give it to the bankers. The bankers risk nothing in the game; they just collect their percentage and “win it all.” In Las Vegas, all games are rigged to pay the owner a percentage, and they rake in millions. The Federal Reserve bankers’ “game” is also rigged, and it pays off in billions!
In recent years, Bankers have added some new cards to their deck: credit cards are promoted as a convenience and a great boon to trade. Actually, they are ingenious devices from the seller and 18 percent interest from buyers. A real “stacked” deck!
Yes, it’s political too.
Democrat, Republican, and independent voters who have wondered why politicians always spend more tax money than they take in should now see the reason. When they begin to study our money system, they soon realize that these politicians are not the agents of the people but are the agents of the bankers, for whom they plan ways to place the people further in debt.
It takes only a little imagination to see that if Congress had been “creating,” spending and issuing into circulation the necessary increase in the money supply, there would be no national debt. Trillions of dollars of other debts would be practically non-existent.
Since there would be no original cost of money except printing, and no continuing costs such as interest, Federal taxes would be almost nil.
Money, once in circulation, would remain there and go on serving its purpose as a medium of exchange for generation after generation and century after century, with no payments to the Bankers whatsoever!
