"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from the bankers and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in. But if you want to continue the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit."
- Sir Josiah Stamp, Director and President of the Bank of England during the 1920's
- Sir Josiah Stamp, Director and President of the Bank of England during the 1920's
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Dear Economists of the World,
In all your wonderful economic concepts and models it appears to me that you have missed one important fact. And that fact is the interest on all loans is never payable! Add this little bit of knowledge to all your models and they all fall flat on their face.
If one individual borrowed all the money presently in circulation in the world today, when it came time to repay the loan plus interest he or she would only be able to pay the amount of the original loan as that is the only money that was borrowed and thus the only money that exists. The interest would remain unpaid. Divide that one loan into the billions of pieces that represent billions of borrowers in the world today and the result is the same. There is always only enough money in existence to pay the original loan. The interest remains forever unpayable.
When you finally understand and know this as a fact, you will see how debt must accumulate with those who must buy resources from other while having few or no resources to sell in return.
You must learn that by using the Private Debt Money System that is in place in the world today poverty cannot be avoided!
It is my belief and hope that all economists truly desire to create a world economic model that will result in every human being having the ability to earn a decent living. And one that guarantees that a decent living for one does not mandate poverty for others as our present money system does.
This can only be accomplished by using some form of the Public Credit Money System. Have you heard of that one before or is it something someone forgot to teach you?
Only by using the public credit money system will the world be freed from poverty. Only then will 20,000 not die each day from starvation. Just think of the true joy and peace you can help manifest in our world of abundance.
Become a true hero and stop working for the International monetary Fund and the World Bank.
Thanks for listening,
