 |
||
|
|
|
|
|
|
||
-66-
FOR BETTER OR WORSE:
Banking
Where has the wealth of America
gone? In 1928, a United States Note read, “Will pay to the bearer on
demand 'X' number of dollars." By so saying, it admitted it was not 'X'
number of dollars.
A Federal Reserve Note read, "Redeemable in gold on
demand ... or in lawful money;" and “Will pay to the bearer on demand
'X' number of dollars." Hence it too admitted it was not 'X' number of
dollars, nor was it "lawful money."
In like manner, the 1934 and 1957 series of "Silver
Certificates" read, "'X’ dollars in silver payable to the bearer on
demand."
In 1963, on the day President John Kennedy was buried,
the United States released into circulation another kind of Federal
Reserve Note. It read "'X' dollars." Every series since has laid claim
to being "X" number of dollars. There is a mountain of difference
between a note representing one dollar, and a note that claims to be one
dollar. Daniel Webster emphatically declared "Banks are not revenue" and
"Paper is not wealth." They are mythmakers who say otherwise. All trade
is barter, or the ex-changing of one article of value for another of
value. This is the science of "money" and to bank without utilizing this
God-given standard is to bank on wind!
A government mandate cannot make something "legal
tender." That is reserved to the Law of God. Is there nothing of
intrinsic value? Is there nothing that by the ordination of God is
valuable? Yes, there is, and it is unlawful to pronounce that "legal
tender" which is intrinsically of little or no value as tender.
There is Law behind banking; but the Federal Reserve System of banking is based upon lawlessness. It is therefore given to change. Now we are faced with inflation and a gigantic "deficit." * But instead of returning to a just weight and measure, plans have been made to emit new currency. Why? Because until America is reduced to the same economic denominator as the other nations in the world, the United States will be uninterested in a world bank, a world currency, and a world under the leadership of the Anti-Christ.
* If Federal Reserve notes are produced at no cost, then the first to use them gives nothing for them. How then can there be a real "deficit?" More paper “money" could simply be printed to satisfy the nation's "debt." Where then does the supposed "deficit" originate? In the pretended rate the bankers "sell" their Federal Reserve notes to the Federal government, and hence to the American people. If paper “money" is of no intrinsic value, it is imaginary, and the "debt" or "deficit" resulting from its use is also imaginary.
It is the opinion of some that
the “value" of the "dollar" is to be "depreciated" 50 percent. That
would mean public and private "debts" could be "paid" with half the
“money" presently agreed upon. This is base dishonesty. Until God gives
Americans an ear to hear, and a heart that can understand that the Law
of banking is based upon God's eternal Law of "a perfect and just
weight, and a perfect and just measure", all such paper "money" will be
like so many compost piles in varying stages of decay.
Merill Jenkins stated "Our monetary system could not
work if all of the world's bankers were not in collusion” (Wilber, 6).
Twisting the words of Plato, Mr. Mayer Rothschild, the European banker
said, "Permit me to issue and control a nation's money and I care not
who makes its laws" (Wilber, 31). This is the reason why the most
powerful man in the United States is the chairman of the Federal Reserve
board.