Billions for Bankers--Debts for
by Sheldon Emry
13. Gambling Away the American
To grasp the truth that periodic withdrawal of
money through interest payments will inexorably transfer all wealth in the
nation to the receiver of interest, imagine yourself in a poker or dice
game where everyone must buy the chips (the medium of exchange) from a
"banker" who does not risk chips in the game.
He just watches the
table and reaches in every hour to take 10 percent to 15 percent of all
the chips on the table. As the game goes on, the amount of chips in the
possession of each player will fluctuate according to his luck.
However, the total number of chips available to play the game
(carry on trade and business) will decrease steadily.
As the game
starts getting low on chips, some players will run out. If they want to
continue to play, they must buy or borrow more chips from the "banker".
The "banker" will sell (lend) them only if the player signs a "mortgage"
agreeing to give the "Banker" some real property (car, home, farm,
business, etc.) if he cannot make periodic payments to pay back all the
chips plus some extra chips (interest). The payments must be made on time,
whether he wins (makes a profit) or not.
It is easy to see that no
matter how skillfully they play, eventually the "banker" will end up with
all of his original chips back, and except for the very best players, the
rest, if they stay in long enough, will lose to the "banker" their homes,
their farms, their businesses, perhaps even their cars, watches, and the
shirts off their backs!
Our real life situation is much worse than
any poker game. In a poker game no one is forced into debt, and anyone can
quit at any time and keep whatever he still has. But in real life, even if
we borrow little ourselves from the "bankers," our local, State and
Federal governments borrow billions in our name, squander it, then
confiscate our earnings via taxation in order to pay off the bankers with
We are forced to play the game, and none can leave
except by death. We pay as long as we live, and our children pay after we
die. If we cannot or refuse to pay, the government sends the police to
take our property and give it to the bankers. The bankers risk nothing in
the game; they just collect their percentage and "win it all." In Las
Vegas, all games are rigged to pay the owner a percentage, and they rake
in millions. The Federal Reserve bankers' "game" is also rigged, and it
pays off in billions!
In recent years, Bankers have added some new cards to
their deck: credit cards are promoted as a convenience and a great boon to
trade. Actually, they are ingenious devices from the seller and 18%
interest from buyers. A real "stacked" deck!
Yes, it's political too
Democrat, Republican, and independent voters who have
wondered why politicians always spend more tax money than they take in
should now see the reason. When they begin to study our money system, they
soon realize that these politicians are not the agents of the people but
are the agents of the bankers, for whom they plan ways to place the people
further in debt.
It takes only a little imagination to see that if
Congress had been "creating," spending and issuing into circulation the
necessary increase in the money supply, there would be no national debt.
Trillions of dollars of other debts would be practically non-existent.
Since there would be no original cost of money except printing,
and no continuing costs such as interest, Federal taxes would be almost
nil. Money, once in circulation, would remain there and go on serving its
purpose as a medium of exchange for generation after generation and
century after century, with no payments to the Bankers whatsoever!