The Monetary System

by Judge Sixkiller


This is information I compiled for an e-mail that I sent to everyone in my address book, more specifically for my friends who work in finance and investments. I encourage anyone to use this or to come up with something similar to e-mail to their own friends, family, and co-workers.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.... The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. -Thomas Jefferson

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison

If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. -Andrew Jackson

The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln

"(The Great Depression resulting from the Stock Market crash) was not accidental. It was a carefully contrived occurrence....The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all." - Louis McFadden
(1876-1936) US Congressman (R-PA) (1915-1935), Chairman of House Banking and Currency Committee. Poisoned in 1936. Source: testified in Congress (1933). There were at least two attempts on his life by gunfire. He died of suspected poisoning after attending a banquet.

In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other. --Voltaire (1764)

Congress, not private banks, lawfully allowed to issue currency

http://www.usconstitution.net/xconst_A1Sec8.html

Restoring sound money in America

http://news.goldseek.com/JamesTurk/1232989200.php

Peter Schiff interview

http://finance.yahoo.com/tech-ticker/article/169781/Peter-Schiff-Stimulus-Bill-Will-Lead-to-%22Unmitigated-Disaster%22?tickers=^dji,^gspc,QQQQ,SPY,DIA,TLT,UDN

Video: It’s not like before

http://www.brasschecktv.com/page/542.html

Bank failures

http://www.fdic.gov/bank/individual/failed/banklist.html

http://www.moneyandmarkets.com/warning-megabanks-could-fail-despite-federal-aid-29409

Financial coup de’ tat

http://solari.com/blog/?p=2058

Officials: We’re in a depression

http://georgewashington2.blogspot.com/2009/02/its-more-or-less-official-were-in.html

Congressman Explains Hijacking of the US Economy by the Federal Reserve & Treasury

http://www.youtube.com/watch?v=INAGMSARPYw#t=2m25s

California counties consider tax revolt

http://cbs13.com/local/california.counties.tax.2.927411.html

Forecast 2009: There will be blood

http://www.chartingstocks.net/2009/02/forecast-2009-there-will-be-blood/

Russia edges closer to revolution

http://www.msnbc.msn.com/id/3032619/vp/29040728#29040728

Bernanke: Federal Reserve

caused Great Depression

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=59405

People & Power - Savers vs speculators - 23 Mar 08 - Part 1

http://www.youtube.com/watch?v=qxYi2W9vEfw

Governments growing nervous at increased social tensions

http://www.irishtimes.com/newspaper/world/2009/0203/1232923383586.html

Depression http://www.learcapital.com/qry/backgroundstories.taf?_function=detail&NEWS_uid1=6826

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4339501/Bad-news-were-back-to-1931.-Good-news-its-not-1933-yet.html

The Markopolos testimony that could bring down the system.

http://www.wakeupfromyourslumber.com/node/10571

End the Fed

http://www.lewrockwell.com/paul/paul504.html

What really happened when Merill was swallowed by Bank of America

http://market-ticker.denninger.net/archives/773-So-Now-We-Learn.....html

SEC stonewalls fraud investigation

http://www.youtube.com/watch?v=YbeNO_H4GEg

The dollar and roach motels

http://www.youtube.com/watch?v=jTYnlcZW8_8&feature=channel_page

Are the states really broke or just hiding assets?

http://www.newswithviews.com/Devvy/kidd432.htm

The American form of government

http://www.wimp.com/thegovernment/

Father Coughlin Speaks Against the Federal Reserve

http://www.youtube.com/watch?v=z9vWAInltDs

46 of 50 states could file chapter 9 bankruptcy

http://freedomarizona.org/2009/01/30/46-of-50-states-could-file-bankruptcy-in-2009-2010/

Joint Chiefs chairman calls fiscal calamity a bigger threat than any war

http://www.globalresearch.ca/index.php?context=va&aid=12115

World food prices are rising fast

http://www.marketskeptics.com/2009/01/world-food-prices-are-rising-fast.html

Why the bank bailouts are doomed

http://articles.moneycentral.msn.com/Investing/SuperModels/why-the-bank-bailouts-are-doomed.aspx

Hyperinflation is a possibility, say Morgan Stanley

http://ftalphaville.ft.com/blog/2009/01/30/51876/hyperinflation-is-a-possibility-say-morgan-stanley/

Big Inflation Coming

http://www.safehaven.com/article-12403.htm

http://www.youtube.com/watch?v=loa92ZG1KV8

Buckling Europe fears protests may spark a new revolution/Worldwide Economic Protests

http://business.theage.com.au/business/buckling-europe-fears-protests-may-spark-a-new-revolution-20090128-7s1q.html

http://hubpages.com/hub/Worldwide-Economic-Protests-and-Riots

Dow and S&P suffer worst January in history

http://georgewashington2.blogspot.com/2009/01/dow-and-s-suffer-worst-january-in.html

Meltdown Madness

http://www.middle-east-online.com/english/?id=30087

US stimulus plans raise concerns for global economy

http://www.iht.com/articles/2009/01/29/business/borrow.4-419037.php

Fox Business: Gerald Celente Predicts Revolution 11/10/08

http://www.youtube.com/watch?v=46MEqEgdLTg

Spanish police arrest six over massive 420 million pound stock exchange fraud

http://www.dailymail.co.uk/news/worldnews/article-1130402/Spanish-police-arrest-massive-420m-London-Stock-Exchange-fraud.html

Congressman Ron Paul interviews on MSNBC, CNN

http://www.youtube.com/watch?v=0k92fTDReHg&eurl=http://disinter.wordpress.com/2009/01/27/ron-paul-defeats-5-tv-retards-in-10-minutes/

http://www.youtube.com/watch?v=R3FRAzULv8A&eurl=http://disinter.wordpress.com/2009/01/27/ron-paul-defeats-5-tv-retards-in-10-minutes/

Forecasters see historic drop in retail sales

http://www.msnbc.msn.com/id/28863873/

Federal Reserve’s flow of funds report

http://bonddad.blogspot.com/2009/01/consider-following.html

Federal Reserve Statistical Release

(So, if I read this right ... the Federal Reserve is now backing up the US dollar with mortgage backed securities?)

http://www.federalreserve.gov/releases/h41/Current/

History of the Federal Reserve

http://video.google.com/videosearch?q=the+money+masters&emb=0&aq=f#emb=0&aq=f&q=federal+reserve&src=2 (long video)

Money, Banking and the Federal Reserve (long video)

Money, the Fed, and You (long video)

http://video.google.com/videoplay?docid=-4020719354420953428&hl=en

Elites call for New World Order

http://news.bbc.co.uk/2/hi/uk_news/politics/7850649.stm

http://www.google.com/hostednews/afp/article/ALeqM5jQeOsnRmTabI9B7Dkt4p7VeVOzZA

http://www.youtube.com/watch?v=KD3BqK-9ZiU&eurl=http://rawstory.com/news/2008/Henry_Kissinger_Obama_should_act_to_0106.html

http://www.youtube.com/watch?v=GRiqk2DeQpI

http://us.ft.com/ftgateway/superpage.ft?news_id=fto060820081850443845

http://www.ft.com/cms/s/0/7caf543e-8b13-11dd-b634-0000779fd18c.html?nclick_check=1

http://www.youtube.com/watch?v=J_Z1eKFme6c

I don’t have a degree in economics or monetary policy, but the following statement makes sense to me:

There are quite a number of important political issues that are virtually screaming out for true reform, but if I had to pick the two most important, they would be (a) election reform, and (b) the subject of this thread -- monetary reform.

If I had the power, I would simultaneously

• wipe out all derivatives;
• liquidate all of the ill-gotten assets of criminal scam artists like Henry Paulson and Bernard Madoff, and use the resultant proceeds to help replenish whatever retirement funds they raided; and
• replace our current debt-based money system with a debt-free money system, whereby all new money -- instead of being loaned into circulation at interest -- is spent into circulation interest-free to fund the production of public goods everyone can see and benefit from (e.g., roads and bridges), and at a rate pegged by law to objective criteria such as population growth and the general price level.

Now, since derivatives are just glorified gambling bets, and since the derivatives bubble dwarfs not only the most liberal estimate of the U.S. money supply, but the GDP of the entire planet, I think it's important to stress that the monetary issue is actually composed of two logically distinct sub-issues: (a) derivatives, and (b) fractional reserve banking.