Americans have reached a point in history where they will be deciding whether they would like to give away their freedoms to the bankers or remain a free people. This proposed Paulson Bailout plan for Wall Street is, in our opinion, the single most important issue since the colonists decided to sign the Declaration of Independence in 1776. Americans and their representatives in Congress will literally decide whether two hundred and thirty two years of freedom of the American individual will be abolished in the course of one week!

If the 110th Congress of these United States votes in favor of the Paulson plan the concept of individual liberty and freedom will be buried for generations to come! What hope does the rest of the world have if America gives up on liberty?

We should not forget what Sir Josiah Stamp (Director of the Bank of England in the 1920s) said about the system of Central Banking from which he personally benefited:

“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 back again. However, take it away from them, and all the great fortunes like mine will 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.”

We should also not forget what Thomas Jefferson said about banking institutions:

“I sincerely believe… that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

Let us hope that the 110th Congress votes for liberty.

Sir Josiah Stamp was appointed a director of the Bank of England in 1928 so he was not a radical or a so called “conspiracy theorist”. One of our favorite quotes concerning the banking system was made by Sir Josiah Stamp and we think what he said back in the 1920s is very relevant to what is taking place in front of our very eyes.

He said the following: “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 back again. However, take it away from them, and all the great fortunes like mine will 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.”

For the last year we have been witness to the continuing implosion of the Western banking system. The problem, of course, has been that bankers lent money that they did not have to people that did not have the money to pay them back. Besides lending money they did not have they lent it many times over or in financial market speak they levered themselves to the hilt! Greed and bad money management has led to the bankers’ demise as house prices started turning south and the bankers’ loans started losing value.

One would think that in a supposedly free market capitalist system that we have in the Western world the banks would be allowed to fail and their depositors would have lost all their money. Unfortunately this isn’t happening and what Sir Josiah Stamp said way back in the 1920s is happening one more time now as the Federal Reserve and the Bank of England in conjunction with their respective Treasurys are creating hundreds of billions of dollars and pounds, on the back of the taxpayers, in order to shore up almost worthless securities and OTC derivatives that the banks hold. So the old process seems to be in motion again as the bankers’ assets have been taken away from them but with the flick of a pen, or by switching on a PC and typing a number one with many zeros behind it, the Fed and the Old Lady of Threadneedle Street are trying to buy back the whole world again!

It will be interesting to observe over the next few years if the American and the British taxpayer wake up and realise that they are being taken for a ride and demand real reforms that bring about a monetary system that is based on sound money and a banking system that is not controlled by a cartel of banks headed by a Central Bank.

Will we go for slavery or liberty?

An Escape Route in a Time of Disaster

Darryl Robert Schoon
Jul 22, 2008

Only those who have gone too far know where the limits should have been.

Money served throughout history as a medium of exchange and as a storehouse of value. But when gold and silver coins were replaced by paper currencies, money no longer was the same. Paper money, no longer having intrinsic value, now functions only as a medium of exchange, a function that degrades over time.

The value of paper money continually loses value because the constant printing of paper money constantly dilutes the value of previously printed money. The more paper money printed, the less paper money is worth; and today, money is being printed at a faster rate than at any time in history.

In fiat paper money systems, today’s paper money will be worth less than tomorrow’s and will be worth less the day after ad infinitum. This constant degradation of paper money is known as inflation. When the process rapidly speeds up, it is known as hyperinflation. Remember that word.
(more…)

It was Alan Greenspan who said in his 1967 essay entitled “Gold and Economic Freedom” that gold and economic freedom are inseparable. This is what the former Federal Reserve Board chairman said exactly: “An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense-perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.”

We thought it would be helpful for our readers to watch “America: From Freedom to Fascism”. This is a documentary film produced by film maker Aaron Russo. Mr Russo exposes how America is not really a free and capitalist society and how the monetary and fiscal system help perpetuate the present system.

It is ironic that Mr Greesnpan, who has helped perpetuate the present fiat money system, through his chairmanship of the Federal Reserve Board was the person who warned the world back in 1967 how freedom and a sound money system are inseparable.