Banks - Legalised thieves
Although the following refers to Australia the banks the world over are no different
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The Reserve Bank is controlled by a small group of people, unelected, uncontrolled, and accountable to no one. They are a law unto themselves.
The Reserve Bank has increased interest rates eleven (11) times in recent years. Further increases are predicted.
The reason given for these increases - to reduce inflation.
Let us consider some of the causes of inflation, and compare them with the actions of the Reserve Bank. 'Demand inflation' is where there is a shortage of goods to meet the people's needs. An example of this was the cyclone in Queensland recently which destroyed much of the banana crop. Bananas were in short supply, with the result that prices rose.
However, generally speaking, there is now no shortage of goods - the shops and stores are fully stocked. There is not too much money chasing too few goods.
'Cost-push inflation' occurs when costs rise and more money is needed to buy the same product. This reduces purchasing power of the people. Major causes of 'cost-push' inflation are interest rates and taxation, which reduce purchasing power. This increases pressure for wage and salary increases to cope with the higher costs. The result: inflation.
When the Reserve Bank increases interest rates it means people who have borrowed money have to give more money to the bank for the privilege of having a loan. The result is less purchasing power, and inflation which eventually results.
Most business and industry operate on bank loans, repayable with interest. To try and recover the money paid on higher interest, they increase their prices. Again, less purchasing power for consumers.
When loans are issued, the money (credit) is created and loaned. But 'the interest' is never 'created'. This begs the question: 'Where does the interest come from?'
The interest simply comes out of the existing wealth of the whole community. Vast amounts of money transfers from the people into the pockets of the bankers, who are now almost all 'international bankers'.
Increasing interest rates increases the speed at which the banks take possession of the people's money.
As stated, interest reduces purchasing power and causes inflation. Increasing interest rates to control inflation is like pouring petrol on afire to put it out!
The Government and all-opposition Parties collaborate in this fraud and theft of the people's money. The mass-media is also complicit and covers up the truth.
The results of excessive interest rates are devastating: bank foreclosures on houses, marriage break-up, poverty, suicide, and bankruptcy, suffering and despair.
What is the ultimate objective of the Reserve Bank and the international bankers? Bankers themselves and United States Professor Carroll Quigley make some interesting admissions and comments.
The United States Bankers' Magazine, 26 Aug. 1924, stated, 'Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through the process of law, the common people lose their homes, they will become more docile, and more easily governed through the strong arm of Government applied to a central power of wealth under control of leading financiers.
'The truth is well known among our principal men now engaged in forming an imperialism of capital to govern the world. By dividing the voters through the political Party system, we can get them to expend their energies in fighting over questions of no importance. Thus, by discreet action, we can secure for ourselves that which has been so well planned and so successfully accomplished.' (Imperialism means to rule by power over foreign countries).
The 'common people?' That's us!
International banker, David Rockefeller: '...The world is now more sophisticated and prepared to march towards a World Government the supernational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.'
Professor Carroll Quigley: 'The powers of financial capitalism had a far-reaching (plan), nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.'
The international bankers are not content with money, they want to use the power of money to govern the world.
Again, the Government, the opposition Parties and the mass-media collaborate in this treason.
Public awareness will end their plans.
Please copy and circulate this article widely?
For further reading on these and related subjects, see the following publications:
22 Steps To Global Tyranny, by barrister, Graham Strachan, B.Sc., LLB, Stockdale Publishing, PO Box 131, Jimboomba, Qld., 4280.
Prosperity Newsletters, http://www.prosperity.com <http://www.prosperity.com/>
Billions For The Bankers, Debts For The People, by (Pastor) S. Emry, Christian Identity Ministries, PO Box 146, Cardwell, Qld., 4849.
The Truth In Money Book, by T. Thoren, Truth In Money Inc., PO Box 30, Chagrin Falls, Ohio, 44022, USA.
The Money Trick, by the Institute of Economic Democracy, Heritage Book Service, PO Box 6086, Lake Mumnorah, NSW, 2259 (hereinafter referred to as: Heritage).
The Untaught, History of Money, by A. Field, Heritage.
Money - The Fraudulent System Exposed, by B. Brown, Heritage. Operation Bankwatch, by J. Cronin, Heritage.
Dictatorship By Taxation, by C. H. Douglas, Heritage.
The Enemy Within The Empire - A Short History of The Bank of England, by England Butler, Heritage. Australia 2000 -What Will.
Australia 2000 – What will we tell our children Dispossessing the World’s Richest Nation by Lee Heritage Australia 2000 -How Bright The Vision, by J. Lee, Heritage.
A Programme For Reversing Inflation, by E. Butler, Heritage. The Story of The Commonwealth Bank, by D. Amos, Heritage. Tragedy & Hope - A History Of The World In Our Time, by (Professor) Carroll Quigley; Heritage. On Target Newsletters, 7/12/2007, and 21/9/2007; GPO Box 1052 Melbourne, Vic., 3001.
Jack Ford. Feb. 2008.
