fwiw
IT'S ABOUT THE MONEY, STUPID!
by Patrick K Martin <warhawke@mediaone.net>
Exclusive to TLE
Recently there has been a great deal of interest in wether the 16th
amendment was legally ratified or not. Congress even agreed to have a
meeting on this issue, after a tax protester began a hunger strike
over it. Now (SURPRISE), the meeting has been called off, because the
'tax honesty' movement was suggesting that people not file Federal
tax returns until after the meeting. This was all the excuse, the
politburo...I mean Congress, needed to cancel the meeting. I am
amazed by the gullibility of some people (although I shouldn't be).
Does anyone here honestly believe that the Fed's are going to stand
up and declare that the income tax is illegal and unconstitutional?
Raise your hand. Do you realize that declaring the 16th Amendment
would require that every single penny, which has EVER been paid in
income tax would have to be refunded? Even if we, as a nation, agreed
to forgo repayment, the entire tax structure would have to be
rebuilt.
Imagine what would happen to the bond market, if investors suddenly
found out that the government bonds were no longer backed by the
guaranteed ability to steal YOUR money to repay them? What if the
Federal Reserve (which is a private corporation, made up of the
biggest banks in America) decided to foreclose? Do you think we could
just ignore them? Every nation on earth would switch to the Euro, or
some other currency, because the dollar is no longer redeemable.
Don't think that could happen? Well I suggest you guess again.
Do you know how U.S. money operates? It's very simple, The government
goes to the Federal Reserve and says, "We need one Trillion (1000
Million) dollars" or whatever amount they want. The FED makes a note
in their ledger and says "OK, go print 250 Billion, and your line of
credit is 750 Billion, and you pay 3% interest." That's it, in a nut
shell. A few key-presses and the U.S. has a Trillion dollars to pour
down a rathole, neat huh? The money our government prints or
otherwise uses, are debt instruments which the banks have agreed to
redeem, that's all. Every dollar in your pocket is part of a mortgage
on future production. The banks, in turn, depend on our interest
payments to pay their debts and keep their doors open. The banks
themselves have almost no assets, at least compared to the vast sums
that they 'lend' the government.
I know, I know, your thinking that this cannot possibly be right. If
the banks have no assets, how can they lend anything to anybody?
After all, I can't lend people money that I don't have, the whole
thing makes no logical sense! Well congratulations, you now know the
dirty little secret that the government does not want you to know.
The Federal Reserve system is a lie. The monetary system is a FRAUD.
The government and the banks are engaging in a conspiracy to steal
YOUR LABOR!
Money, wether Dollars, Euro's, Yen, Pounds, or Marks, is LABOR. It is
a means of exchanging your labor for the labor of someone else,
that's all, nothing else. Money, of itself, has no objective value.
It is the hours and minutes and days of your life transformed into an
easily traded form. Money is just a way of simplifying barter. You
give your labor to someone who needs it, and you get something to
trade to the guy who has something YOU need. This is where our
problem originates. You see, the government and the bankers know
this, but most people do not. The majority of people think of money
as some sort of magic talisman, a Ju-Ju which is provided by the
wizards of Washington, which can be transformed into goods and
services. The government, in the form of their propaganda mills (you
know, the one's we laughingly refer to as schools), has spent a deal
of time and effort supporting the notion that the magic of green ink
and a bureaucrat's smile, transforms simple paper into wealth.
Because, if you know the truth, you are liable to pay more attention
to what is done with it. Hell, you might even decide that the guy
stealing your car is not simply taking a 'Material Object' which can
be replaced, but rather the hundreds, perhaps thousands of hours of
you life that you have spent LABORING for it, which cannot. Good
Lord, you might shoot somebody over something like that!
Now sure, if you make money out of Gold or Silver, the metal has
value to the person who uses it for some purpose, but what good is
Gold to a man who is starving? What good is Silver to a man who needs
a Heart Bypass? Currency made of Gold and Silver has some value,
simply because many people do use it, so it cannot be devalued below
a certain point. Paper money backed by Gold and/or Silver, allows
people to purchase at a fixed rate, thus it retains a certain fixed
value (unless they print more bills than they have metal to back it
up). Federal Reserve notes, on the other hand, have value because,
and only because, banks have agreed to redeem them, and that value is
not fixed. If the banks were to stop redeeming them, they would be
worth NOTHING! They are just paper, an IOU if you will, they only
have value IF the banks say so, and for only as much as the banks
say. The Banks could decide tomorrow that they will only redeem
dollars at 1% of current value (say 1 dollar equals 1.19 Yen or
1/85th of a Euro) AND WE COULD DO NOTHING! Oh sure, the government
could seize the banks. However, since the banks have no value, except
their ability to redeem dollars and loan money to others, and few
hard assets, seizure means nothing. Additionally, the other banks
around the world would not accept deposits, withdrawals, loan, bonds,
debit's, or other obligations to, or from, U.S. banks, which would
make Federal Reserve notes worthless anyway. Thus, the banks have the
whip hand, they can crush our entire economy, while we can do nothing
about it. The United States government knows this, and frankly, they
support it because this system allows the government to steal from
its citizens much more easily. They barrow, we pay, it's as simple as
that. The banks give them money, to use as they please (money which
is never expected to be repaid) and the banks get value, in the form
of our labor, when the government taxes us and pays them their
interest.
The government produces nothing! Let me repeat that, THE GOVERNMENT
PRODUCES NOTHING! Your labor, and the labor of others, produces
things which the government then claims to provide for you. Some
people dispute this, they claim that the government provides
services, which we as citizens must pay for, well what are these
services? Defense? Defense is provided by those citizens who
volunteer to be trained to fight and die for you and your fellow
citizens, with equipment purchased with our labor. Law Enforcement,
welfare, highways, everything the government supposedly PROVIDES for
us, are in fact provided by US, by you, me, and 280 MILLION other
American citizens. The government just claims the credit for it
because we allow them to organize these activities for us, a job I
might add, which they do with less than optimum efficiency in most
cases.
The crux of the problem with our economy, is that people do not
understand these facts. People do not know what money is, or how our
system operates. They think that government magically causes the
things we see them doing to happen, and all we have to do is hand
over bits of paper (which they printed anyway) and Presto! We are
safe, secure, and cared for. It is this perception which lies at the
heart of our problems. It is this perception which we must fight. It
is this perception which allows us to be enslaved by the forces of
government. We will only be free when we have destroyed this idea,
and the great unwashed masses know the truth. Until then, our masters
will continue to do as they please and we will all continue to pay
for them, with our blood, sweat, and tears. |
