Balder Ex-Libris

Author : Carmack Patrick S. J.
Title : The Money Changers
Year : 1996

Link download : Carmack_Patrick_S_J_-_The_Money_Changers.zip

There was a time when to ask someone for whom he worked was considered somewhat insulting, as it implied he was an incompetent, incapable of gainful self-employment. But now, property ownership (net wealth) is not a general feature of our society, as it largely was until the Great Depression. Rather, net debt and complete dependence on a precarious wage or salary at the will of others is the general condition. Since the exercise of freedom often includes using material objects such as books, food, clothing, shelter, arms, transport, etc., the choice and possession of which requires some wealth, we are forced to admit that the general condition of Americans is one of increasing dependence and limitations on freedom. Since the tum of the century, there has occurred throughout the world a major increase in debt and a major decline in the freedom of individuals and states to conduct their own affairs. To restore a condition of widespread, modest wealth is therefore essential to regaining and preserving our freedom. Why are we over our heads in debt? Why can't the politicians bring debt under control? Why are so many people (often, both parents) working at low-paying, dead-end jobs and still making do with less? What's the future of the American economy and way of life? Are we headed into an economic crash of unprecedented proportions? Larry Bates was a bank president for eleven years. As a member of the Tennessee House of Representatives, he chaired the Committee on Banking and Commerce. He's also a former professor of economics and the author of the best-selling book, The New Economic Disorder. He has this to say about our future prospects: “I can tell you right now that there is going to be a crash of unprecedented proportions- a crash like we have never seen before in this country. The greatest shock of this decade is that more people are about to lose more money than at any time before in history, but the second greatest shock will be the incredible amount of money a relatively small group of people will make at the same time. You see, in periods of economic upheaval, in periods of economic crisis, wealth is not destroyed-it is merely transferred. Former US presidential candidate Charles Collins is a lawyer and a banker who has owned banks and served as a bank director. He believes we'll never get out of debt because the Federal Reserve the Fed') is in control of our money. To quote Collins: "Right now, it's perpetuated by the Federal Reserve making us borrow the money from them, at interest, to pay the interest that's already accumulated. So, we cannot get out of debt the way we're going now.” Economist Henry Pasquet is a tenured instructor in economics. He agrees that the end is near for the US economy: “No, not when you are adding roughly a billion dollars a day. We just can't go on. We had less than one trillion dollars of national debt in 1980; now it's 5 trillion-five times greater in fifteen years. It just doesn't take a genius to realize that this just can't go on forever.” The problem is that the US has one of the worst monetary systems ever devised: a central bank that operates independently of the government, which, with other private banks, creates all of our money with a parallel amount of interest-hearing debt. That's why we can never get out of debt. And that's why a deep Depression is a certainty for most US citizens, whether caused suddenly in a severe economic crash or gradually through continued relentless inflation. The Fed is creating it to enrich its private stockholders-just as it deliberately created the Great Depression of the 1930s. The Federal Reserve headquarters is in Washington, DC. It sits on a very impressive address on Constitution Avenue, right across from the Lincoln Memorial. But is it 'Federal'? Is it really part of the United States Government? Well, what we are about to show you is that there is nothing 'Federal' about the Federal Reserve-and there are no reserves. The name is a deception created before the Federal Reserve Act was passed in 1913 to make Americans think that America's new central bank operates in the public interest. The truth is that the Fed is a private (or, at best, quasipublic) hank owned by private national hanks, which are the stockholders, and run for their private profit. ...