The Journal of HistorySpring 2009TABLE OF CONTENTS


Colonial Script

Contributed by: Dave Hayes

A study of American Colonial history will reveal that Benjamin Franklin went to England as a representative of the Colonies.

The English officials asked how it was the Colonies managed to collect enough taxes to build poor houses, and how they were able to handle the great burden of caring for the poor. Franklin's reply was most revealing: "We have no poor houses in the Colonies, and if we had, we would have no one to put in them, as in the Colonies there is not a single unemployed man, no poor, and no vagabonds."

Think long and hard about this. In the American colonies before the American Revolution, there was "not a single unemployed man, no poor, and no vagabonds." -- no one on Welfare, no one on Social Security, no homeless, no income tax, no alphabet agencies, No IRS, BATF, FBI, DEA, CIA, HEW, OSHA, SBA, and on and on and on to provide for the "general welfare" of our villages, towns, cities, and states. How did Benjamin Franklin explain this to the British officials of his day?

How would he explain it to today's lawyers, judges, politicians and other government officials? "It is because, in the Colonies, we issue our own paper money. We call it Colonial Script, and we issue only enough to move all goods freely from the producers to the Consumers; and as we create our money, we control the purchasing power of money, and have no interest to pay." Benjamin Franklin

This system guarantees HONEST MONEY. It was not controlled by a private corporation with a monopoly on the credit of the nation as it is today.

There was no inflation or deflation, as long as the MONEY SUPPLY WAS KEPT EQUAL TO THE VALUE OF GOODS AND SERVICES TO BE PRODUCED AND MOVED (distributed).

As will be shown later in this paper, what we really need has already proven itself historically -- not only in Franklin's early colonial days, but in other historical instances.

We will see that it was this system which Franklin describes that was taken away from the American colonies through the gradual encroachments of the British Parliament (Legislative branch of Britain's government) and the enforcement of this legislation in King's Admiralty/Maritime/Equity courts set up in the colonies by America's mother country, Britain, without reference to the common law established by Magna Carta that led to the American Revolution.

Those encroachments are described in the Declaration of Independence.

Is America today being governed without reference to Magna Carta and the national and state Constitutions founded thereon?

What was the condition in England, in Franklin's day?

All her money was borrowed from private banks at interest, and repressive taxes were laid upon the people.

Private banks usurped the government's right to create and regulate money. Banks created money or credit "out of thin air," by mere bookkeeping entries, with no labor or wealth involved or exchanged.

The money supply was not kept equal to the value of goods to be moved. Nor was it issued interest or tax free. It was issued at interest by private for profit banks "out of thin air" just like it is being issued here in America today.

Think about this!

If you had a "magic" checking account with the ability to
write unlimited checks against no funds (backing) "out of thin air," would you not be able to buy and control the whole world eventually?

Now suppose you were "by law" the only one, who had this monopoly of creating money "out of thin air."

Wouldn't the whole world have to come to you to borrow
"money" to finance production and consumption?

Remember, "the borrower is servant to the lender."

Would you not be able to make the whole world serve you through this power to issue "money" against no funds?

Let's take this a little further.

Would you not be able to buy and control all major media?

Would you not be able to buy control of all private
institutions of higher learning, including all business and law schools?

Would you not be able to buy and control the government, itself, to serve your purposes?

Think long and hard on this. It is the most important
subject modern men and women can contemplate.

Today, America and the rest of the world suffers from this same debt money system. We have all become "servants/slaves" to the money lenders. The evidence and testimony, once examined, is irrefutable.

Why should we the people pay tribute to a private credit
monopoly for the benefit of using our own money/credit?

The people retain an inalienable right to create their own medium of exchange, through their elected representatives in the Congress of the United States, as mandated by the Constitution.

When this right was challenged by the British, the
Colonists went to war.

Benjamin Franklin identified this as the real reason for
the War of Independence:

"The refusal of King George to operate an HONEST colonial MONEY SYSTEM which freed the ordinary man from the clutches of the manipulators was probably the prime cause of the Revolution."

"The Colonies would gladly have borne the little tax on tea and other matters, had it not been that England took away from the Colonies their money, which created unemployment and dissatisfaction."

Here we see the cause of poverty, unemployment, and
financial insecurity.

There can be no personal liberty without financial freedom.

Thomas Jefferson and many others knew this. Jefferson
prophesized what would happen to America if we ever lost the inalienable right to issue our own money.

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." Thomas Jefferson

Has Jefferson's prophesy come to pass here in the U. S. Inc., which is a subsidiary of Planet Earth Inc.?

Does America now allow private banks to issue the nation's money?

Have "... the banks and corporations that have grown up around (us) deprived (us) of (our) property"?

How many Americans really own their own homes?

Do the great majority of "homeowners" pay rent, via
mortgage payments to banks and pay rent to the "government," via property taxes?

How many Americans own "their" homes outright?

"... WE MUST NOT LET OUR RULERS LOAD US WITH PERPETUAL DEBT...If we run into such debts as that we must be taxed in our meat and in our drink, in our necessities and comforts, in our labors and in our amusements, for our callings and our creeds...our people...must come to labor 16 hours in the 24, give the earnings of 15 of these to the government for their debts and daily expenses; and the 16th being insufficient to afford us bread,...We have no time to think, no means
of calling the mis-managers to account; but be glad to obtain subsistence by hiring ourselves, to rivet their chains on the necks of our fellow sufferers.

Our land holders, too...retaining indeed the title and
stewardship of estates called theirs, but held really in trust for the treasury,. . .THIS IS THE TENDENCY OF ALL HUMAN GOVERNMENTS.

A departure from principle becomes a precedent for a
second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering...And the fore horse of this frightful team is public debt. Taxation follows that, and in its train,
wretchedness and oppression." -Thomas Jefferson

Are our present day bureaucrats "...glad to obtain
subsistence by hiring (themselves) out to rivet their chains on the necks of fellow sufferers" - their fellow countrymen?

Has not "...departure from principle become(s) a precedent for a second; that second for a third; and so on?"

Is not the "public debt" the "fore horse" of the taxation
that has followed in its train?

Has this prophesy of Jefferson's come to pass in America?

"The system of banking we have both equally and ever
reprobated. I contemplate it as a blot left in all our constitutions, which, if not covered, will end in their destruction, ... I sincerely believe, with you, 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."

Thomas Jefferson, in a letter to John Taylor, May 28, 1816.

Has this "blot left in our constitutions" been covered yet?

Have our constitutions ended in "destruction"?

In another place, Jefferson expanded upon this:

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance.


Let's continue and examine the testimony of others. "The bold efforts that the present bank has made to CONTROL THE GOVERNMENT and the distress it has wantonly caused, are but premonitions of the fate which awaits the American people should they be deluded into a per-petuation of this institution or the establishment of another like it...If the people only understood the rank injustice of our money and banking system there would be a revolution before morning."

Andrew Jackson's address to Congress, 1829
"You are a den of vipers and thieves and I intend to rout
you out, and by the eternal God, I will rout you out.

Andrew Jackson's declaration of war on the Money Powers.

Have the American people been "deluded"?

Have Andrew Jackson's "...premonitions of the fate which awaits the American people..." come to pass here in America?

Have the banks efforts to CONTROL THE GOVERNMENT been successful?

"If Congress has the right to issue paper money, it was
given them to be used by themselves, and not to be del- egated to individuals or corporations." Andrew Jackson

Let's continue with the testimony. We believe that
President Abraham Lincoln was assassinated for his creation of "United States Notes," (called Greenbacks) and for his refusal to borrow debt money from banks.

Lincoln was quoted to say:

"The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power."

Was this the covering of "the blot in our constitutions"
referred to by Jefferson?

Did Lincoln follow Jefferson's advice by taking the

Lincoln had to wrest control from the Money Powers only 30 years after Jackson, by getting Congress to issue "Greenbacks" to finance the Civil War.

This is what he said to Congress afterwards:

"We have given the People of the Republic the greatest
blessing they have ever had, their own currency to pay their own debts." Abraham Lincoln

However, Lincoln did not underestimate the artful cunning of the money powers. He, too, feared for the future of our country. He, too, was aware of the designs of artful and cunning men to CONTROL THE GOVERNMENT through the money power.

"Yes; we may all congratulate ourselves that this cruel war is nearing its close. It has cost a vast amount of treasure and blood. The best blood of the flower of American youth has been freely offered upon our country's altar that the Nation might live. It has been, indeed a trying hour for the Republic; but I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.

As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed.

I feel at this moment more anxiety for the safety of my
country than ever before, even in the midst of the war."

In 1865, during the time Lincoln was attempting (and
thereafter succeeded) in creating a debt-free currency for the People; this editorial was printed in the London Times.

"If this mischievous financial policy [of creating a debt-
free currency], which has its origin in the American Republic, shall become permanent, then that government will furnish its own money without cost! It will pay off its debts and be without debt.

It will have all the money necessary to carry on its
commerce. It will become prosperous without precedent in the history of the world. The brains and the wealth of all countries will go to America. That government must be destroyed or it will destroy every monarchy on the globe!"

Note the words, "That government must be destroyed..."

Was this a declaration of war against America by the bankers?

Who won this war?

Is America "...prosperous without precedent in the history of the world."?

Was that John Wilkes Booth a banker's agent? And, like John F. Kennedy after him, was Lincoln assassinated for trying to rout out the "Den of Vipers and thieves" that Andrew Jackson referred to?

The English money lenders have co-operated with the money lenders of our country and in 1862 an agent, quietly and under a confidential seal, distributed among the aristocrats and the wealthy class a circular. It was called the Hazard Circular and related to the Civil War.

It read:

"Slavery is likely to be abolished by the war power and all chattel slavery abolished. This I and my European friends are in favor of, for slavery is but the owning of labor and carries with it the care of the laborers, while the European plan, led on by England, is that capital shall control labor by controlling wages. The great debt
that the capitalists will see to it is made out of the war, must be used as a means to control the volume of money. To accomplish this the bonds must be used as a banking basis. We are now waiting for the Secretary of the Treasury to make this recommendation to Congress. IT WILL NOT DO TO ALLOW THE GREENBACK, as it is called, TO CIRCULATE AS
MONEY any length of time, as WE CAN NOT CONTROL THAT. But we can control the bonds and through them the bank issues." Hazard Circular of 1862


Was this "GREENBACK" what Lincoln was referring to when he called it "...the greatest blessing they (the People of the Republic) have ever had, their own currency to pay their own debts?"

Was it the same thing as the "Colonial Script" that
Benjamin Franklin referred to? After the assassination of Lincoln, Bismarck said: "The death of Lincoln was a disaster for Christendom.

There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt modern civilization."

Otto von Bismarck, German Chancellor (1815-1898)
Have Bismarck's fears come to pass?

Has Christendom and modern civilization been
"systematically corrupt(ed)?"

The evidence is all around us.

Are these same bankers and their agents now trying to get America to surrender her sovereignty and become a nation state in their New World Order?

Let's continue with the testimony. "Whoever controls the
volume of money in any country is absolute master of all industry and commerce."

President James A. Garfield (1831-1881)
"While boasting of our noble deeds, we are careful to
control the ugly fact that by an iniquitous money system, we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery."

Horace Greeley, American journalist and politician (1811-1872)
Again, in eighteen hundred and seventy-seven, a circular was issued by authority of the Associated Bankers of New York, Philadelphia, and Boston. It was signed by one James Buel, secretary, and sent out from two hundred and forty-seven Broadway, New York.

It was sent to the bankers in all of the States. It read:
"Dear Sir: It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the agricultural and religious press, as will oppose the greenback issue of paper money; and that you also withhold patronage from all applicants who are not willing to oppose the Government issue of money.

Let the Government issue the coin and the banks issue the paper money of the country, for then we can better protect each other.

To repeal the Act creating bank notes, or to restore to circulation the Government issue of money, will be to provide the people with profits as bankers and lenders. See your Congressman at once and engage him to support our interests, that we may control legislation."
Here we see that way back in 1877, the bankers could control the media, by "withhold(ing) patronage from all...who are not willing to oppose the Government issue of money."

This same method has been used to control the media, the schools (both public and private) and the government, itself.

How much more refined have the methods become for
controlling the flow of information going to the public?

Have the American people been completely brainwashed into serving the private interests of artful and cunning men? Continuing on, Congressman Charles Lindbergh, in his book Banking, Currency and
the Money Trust, written in 1913, tells us about some of the changes that took place in our money system after the death of Lincoln.

In his preface to this book, he says:

"The market prices of commodities vary from day to day.
This occurs when there is no radical difference in the proportion to the supply and the natural demand. This FACT is conclusive proof that our system is controlled by manipulators and fundamentally wrong. Act No. 1 was the manufacture, between 1896 and 1907, through stock gambling, speculation and other devious methods and devices, of tens of billions of watered stocks, bonds, and securities. Act No. 2 was the panic of 1907, by which those not favorable to the Money Trust could be squeezed out of business and the people frightened into demanding changes in the banking and currency laws which the Money Trust would frame...see how these bankers have impoverished us by selling to us, - at usury prices, - the credit that is supported by our own toil,...

The king bankers put in motion, in 1907, a great scheme.

They had gambled and speculated on Wall Street, until so many watered stocks and bonds had been manufactured on speculation, that numberless speculators, big and small, sprang up all over the
country, and stocks, bonds, and credits were pyramided, and re-pyramided, and re-re-pyramided. Of course such a condition could not last and a crash was inevitable, because it was not natural for such
gambling to continue." Charles Lindbergh, Sr., " The Money Trust"

The Aldrich-Vreeland Emergency Currency Bill that the
bankers proposed was defeated, but the persistent king bankers got it through under a different name -- the Federal Reserve Act.

Notice how these artful and cunning men created the panic of 1907 so that they could provide the solution. Is this not the old Hegelian principle at work?

Editor's note: Yes, it is.

Let's continue on and see what other testimony Lindbergh offered in his HOUSE RESOLUTION 80 in the House of Representatives on April 29, 1913, he said:
"Ever since the Civil War, Congress has allowed
the bankers to control financial legislation.

The membership of the Finance Committee in the Senate (now the Banking and Currency Committee) and the Committee on Banking and Currency in the House have been made up chiefly of bankers, their
agents, and their attorneys. ...In this way the committees have been able to control legislation in the interests of the few." Charles Lindbergh, In the House of Representatives, April 29, 1913.

The men who have appointed the committees in the last fifty years have not had the clear and earnest viewpoint of our forefathers.

On Tuesday, January fourteenth, seventeen hundred and ninety-four (1794), the following resolution was introduced in the United States Senate: "Nor shall any person holding any office or stock in any institution in the nature of a bank, for issuing or discounting bills or notes payable to bearer or order, under the authority of the United States, be a member of either house whilst he holds such office or stock." It passed the Senate two days later, after being fought by the bankers, and amended at their instigation in order that they might be allowed to sit in Congress, but it still remained a protest to bankers controlling legislation in which they were personally interested. Our finances, including the actual control of legislation in Congress, have been surrendered to the bankers, their agents, and attorneys." Charles Lindbergh, Sr. The Money Trust

Woodrow Wilson was President of the United States, when the Federal Reserve Act was passed in December of 1913, after most of the Congressmen and Senators had left Washington, to go home for the

Editor's note: The Congressional representatives and senators who went home for the holiday were those who were opposed to this legislation and who had been led to believe that it would not be voted on until later.

Woodrow Wilson signed the Federal Reserve Act into law in 1913.

Editor's note: President Wilson was under blackmail threat. That's why he signed the legislation.

Later, he realized what he had done and made this statement:

A great industrial nation is controlled by its system of
credit. Our system of credit is concentrated.

The growth of the Nation and all our activities are in the
hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world.

No longer a government of free opinion, no longer a
government of conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men."

President Woodrow Wilson.
Just before he died, Wilson is reported to have stated to
friends that he had been "deceived" and that "I have betrayed my Country."

He referred to the Federal Reserve Act passed during his Presidency.

Let's continue with the testimony:

"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." Sir Josiah Stamp, President of the Bank of England in the 1920's, the second richest man in Britain

"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. Banks can in fact inflate, mint, and unmint the modern ledger- entry currency.

Major L. L. B. Angus
"Banks lend by creating credit. They create the means of payment out of nothing.

Ralph M. Hawtrey, Former Secretary Of The British Treasury
"People who will not turn a shovel of dirt on the project
[Muscle Shoals Dam], nor contribute a pound of material, will collect more money from the United States than will the people who supply all the material and do all the work.

This is the terrible thing about interest [usury] ... But
here is the point: If the nation can issue a DOLLAR BOND, it can also issue a DOLLAR BILL.

The element that makes the bond good makes the bill good, also.

The difference between the bond and the bill is that the
bond lets the money broker collect twice the amount of the bond and an additional 20 per cent.

Whereas the currency, the honest sort provided by the
Constitution, pays nobody but those who contribute in some useful way. It is absurd to say that our country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the
other helps the people.

If the currency issued by the people were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the national wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan." Thomas A. Edison

Let's go to the Congressional Record for the testimony of Congressman Louis T. MacFadden in 1932: "Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known.

I refer to the Federal Reserve Board and the Federal
Reserve banks, which have cheated the government and the people of the United States out of enough money to pay the national debt several times over.

This evil institution has impoverished and ruined the
people of the United States and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the government. It has done this through the defects of the law under which it operates, through the maladministration of that law, and through the corrupt practices of the moneyed vultures who control it! Some people think the Federal Reserve banks are United States government institutions.

They are not!

They are private credit monopolies which prey upon the
people of the United States for the benefit of themselves and their foreign swindlers; and the rich and predatory money lenders. Among those financial pirates, there are those who send money into states to buy votes to control our legislation; and there are those who maintain international propaganda for the purpose of deceiving us and wheedling us into granting new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime. These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by bankers who came here from Europe and repaid our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money. They planned and instigated the Russian Revolution... In 1912, the National Monetary Association, under the chairmanship of the late Senator Nelson Aldrich, presented a vicious bill called the National Reserve Association Bill. This is usually spoken of as the Aldrich bill although Aldrich did not write the bill. He was the tool, if not the accomplice, of the European bankers who, for nearly twenty years, had been scheming to set up a central bank in America.

In 1912 they were spending and are continuing to spend vast sums of money to accomplish their purpose. We were opposed to the Aldrich plan for a central bank. The men who ruled the Democratic Party then promised the people that if they were returned to power there would be no central bank established here, while they held the reigns of government.

Thirteen months later that promise was broken, and the
Wilson administration, under the tutelage of sinister Wall Street figures established, here in our free Country, the worm-eaten monarchical institution of the "King's Bank," to control us from the top downward, and to shackle us from the cradle to the grave...Every
effort has been made by the Federal Reserve Board to conceal its powers but the truth is...the Fed has usurped the government. It controls everything here and it controls all our foreign relations!..." Congressman Louis T. MacFadden, speech in Congress, June 10, 1932

Do the members of Congress know about this?

Lets see: "The Federal Reserve (Banks) are one of the most corrupt institutions the world has ever seen.

There is not a man within the sound of my voice, who does not know that this Nation is run by the International Bankers. Congressman Louis T. MacFadden

In 1932, Congressman Louis MacFadden was trying to tell the American people that the U.S. Government was "nearly bankrupt." Shortly thereafter, he died under mysterious circumstances.

Remember this was during the Great Depression, the Banks are calling in all their markers, there is no money in circulation for the U.S. Government (or the People) to pay off its debts. In 1933, Franklin Roosevelt, asked for and got the power for the President to declare a "state of national emergency," thereby, giving a President,
War Powers, at any time, the President so declared. Senate Report 93-549 (1973), states: "Since March 9, 1933, the United States has been in a state of national emergency." It is sufficient to note that is now 63 years that the U.S. has been in a perpetual state of national emergency. Now for some testimony from a Credit Manager Of the Federal Reserve Bank of Atlanta, Georgia: "This is a staggering thought. We are completely dependent on the Commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse
unless it becomes widely understood and the defects remedied very soon." Robert H. Hemphill, Credit Manager Of Federal Reserve Bank, Atlanta, Georgia

In 1938, the Supreme Court ruled on the Erie Railroad v. Tompkins. It was also the year the courts claim they blended Law with Equity.

Was this done to accommondate the "National Emergency"? Since then Federal Courts have been formed under the Uniform Commercial Code (by the authority of Presidential martial law), rather than Common Law. At this time, the Court decided that the power to declare a national emergency was a political question, not a question of law.

They did the same thing with the evidence that proved that the 16th Amendment of 1913 had never been lawfully ratified. Since, the Congress authorized the President the power to impose martial law, whenever he determined there was a national emergency, the courts had NO BASIS of AUTHORITY to make judgment upon the validity of the emergency.

The courts held that the People must decide, if the
emergency really exists.

But, how could they do that if they were never properly
informed of the alleged "emergency?" Sometime between 1933 and 1938, inclusive, the Money Powers met with the U.S. Government. They showed the government that they were bankrupt, and therefore, the Money Powers owned the government.

The Money Powers then offered the government that they could continue to operate, as if they were not bankrupt, and that the Money Powers would now lend the U.S. Government all the money it could want, provided that the Federal Courts convened under Jurisdictions that were favorable to them; and that the U.S. Government would take certain measures to insure that the People would directly repay the Money Powers for those moneys lent to the U.S. Government.

Does our present tax system have anything to do with this? "From this testimony, it is certain that the International Bankers caused our system of Law and Taxation to change; and that those changes occurred in the 1930s through verifiable legislation and court decisions. Under the insanity of the depression, the public mind was duressed into changes that could not have occurred at any other time in the history of the United States of America. In 1930 America did not lack industrial capacity, fertile farmlands, skilled and willing workers or industrious families. It had an extensive and efficient transportation system in railroads, road networks, and inland and ocean waterways. Communications between regions and localities were the best in the world, utilizing telephone, teletype, radio, and a well operated government mail system. No war had ravaged the cities or the countryside, no pestilence weakened the population, nor had famine stalked the land. The United States of America, in 1930, lacked only one thing: an adequate supply of money to carry on trade and commerce. In the early 1930s, Bankers, the only source of new money and credit, deliberately refused loans to industries, stores, and farms. Payments
on existing loans were required, however, and money rapidly disappeared from circulation.

Goods were available to be purchased, jobs waiting to be done, but the lack of money brought the nation to a standstill. By this simple ploy America was put in a "depression" and the greedy Bankers took possession of hundreds of thousands of farms, homes, and business properties. The people were told, "times are hard" and "money is short." Not understanding the system, they were cruelly robbed of their earnings, their savings, and their property."

From "Billions for the Bankers - Debts for the People"
by Sheldon Emry

Most knowledgeable Americans believe that President John F. Kennedy, in the early 1960's, was assassinated because he issued Executive Order #1004, authorizing the issue of U.S. Bank Notes, which were the equivalent of the Lincoln Greenbacks which would have broken the International Bankers stranglehold on our country.

Editor's note: It was Executive Order 11110, not 1004.

Archibald E. Roberts, LtCol, AUS, ret., of the Committee to Restore the Constitution, tells us that some 30 states have memorialized Congress to Audit the Fed or repeal the Federal Reserve Act of 1913.

We will only reproduce one here from the State of Alabama that was adopted in 1982.



H. J. R. 90 Enrolled, House Joint Resolution, --------
state of Alabama has a duty to support and defend the Constitution of the United States against all enemies, foreign and domestic; and

WHEREAS, THE Constitution vests in the Congress of the United States supreme power "to coin money, regulate the value thereof and of foreign coin, and fix the standard of weights and measures;" and

WHEREAS, the Congress passed the Federal Reserve Act in 1913 " furnish an elastic currency," and thereby abdicated its duty to the American people to fix a constant lawful value for United States money and thus insure prosperity for honest, law-abiding,
productive citizens; and

WHEREAS, the national debt in 1913 was less than TWO BILLION DOLLARS for the entire Nation, while the national debt in 1981 approximates ONE TRILLION DOLLARS; and

WHEREAS, the people of Alabama are suffering the disastrous effects of bankruptcy, unemployment, and privation, when they are ready, willing and able to work for an honest living, but many find themselves unable to do so, for lack of available jobs or capital; and

WHEREAS, the direct effect of the dictatorial control of
interest rates exercised by the Board of Governors of the Federal Reserve System has been steeply accelerating and inflationary interest charges, with the consequent and predictable destruction of business,
agriculture and industry in Alabama and the Nation; and

WHEREAS, the Federal Reserve Act, Section 19, specifically precludes the State of Alabama from effectively legislating or enacting any lawful ceiling on the extortionate interest rates or usury demanded of our people by the Federal Reserve bankers, thereby
immunizing the banks and bankers from any threat of civil or criminal penalty on account of their extortionate monetary demands; and

WHEREAS, the direct effect of the Federal Reserve Act, as amended, is to lay an interest charge upon every single dollar of paper currency which circulates in our State and Nation as a Federal Reserve Note, and it thereby lays an invisible burden on uncontrolled and uncontrollable debt and taxes upon the backs of our people; and

WHEREAS, the United States Government owns no stock in the Federal Reserve System, and the Federal Reserve is not a government agency, and is, in fact, an oppressive and extortionate, privately owned economic monopoly, entirely independent of any real governmental control, except by means of direct legislative action and intervention by the Congress, which established the Federal Reserve in the first
place; and

WHEREAS, Section 30 of the Federal Reserve Act provides that "The right to amend, alter or repeal this Act is expressly reserved;" and

WHEREAS, the Honorable Henry Gonzales, United States Congressman from the State of Texas has introduced a Bill, H.R. 4358, in the United States Congress, expressly providing for the immediate
repeal of the Federal Reserve Act;


That this body hereby memorializes the Congress of the United States, and especially Alabama's Congressional Delegation, both Senate and House of Representatives, for the immediate passage of this
important legislation, H.R. 4358, to the end that peace and prosperity, and the blessings of a Sovereign God may be the lot of our people. RESOLVED FURTHER,

That a copy of the resolution be sent to each member of the Alabama Congressional Delegation, and to each presiding officer of the United States Congress, Speaker of the House of Representatives, President and Presiding Officer of the Senate, House of Representatives I hereby certify that the within House Joint Resolution originated in and was adopted by the House February 9, 1982.

John W. Pemberton, Clerk. Senate Feb. 25, 1982 adopted

The evidence is quite irrefutable, consider what we've covered:


a. That Lincoln & Jackson "routed" out debt currency.

b. How he who controls the issue of money is the absolute master of commerce.

c. How the recession/inflation pump works to rob us of the fruit of our labor.

d. The ridiculous method by which the U.S. Government procures debt currency.

e. That the practice of issuing debt-free currency as being so powerful as to topple all the monarchies and corruption on the globe.

f. That even though money was "tight," during the Great Depression, the bankers had plenty of money to lend to the U.S. Government, who, supposedly, produces no profit.

To see the effect of debt-free currency, We can use examples in history to illustrate the point.


1. * The Saracen Empire forbade interest on money 1,000 years ago, and its wealth outshone Saxon Europe.

2. * Mandarin China issued its own money, interest and debt-free. Historians and collectors of art today consider those centuries to China's greatest time of wealth, culture and peace.

3. * The American Colonies issued Colonial Script, and Ben Franklin explained to the English that this was the key to the prosperity Colonies.

4. * Abraham Lincoln did it in 1863 to finance and win the Civil War.

5. * Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a World power in 5 years.

Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took nearly the whole Capitalist and Communist world to destroy the German power
over Europe.

Was this the real cause of World War II?

Did the International Bankers have to destroy the
Government of Germany because it issued debt and interest free money just like Lincoln did?


Editor's note: Readers of this publication understand who the International Bankers are.



The Journal of History - Spring 2009 Copyright © 2009 by News Source, Inc.