Background: America's Federal Reserve System was copied basically from the English Central Bank.
The plan for this system was made at Jekyll Island off the east coast of America owned by J.P. Morgan in 1912.
A plaque is up for tourists to see today.
There is a repeating history of money cycles.
It is clear to see when you have been told what you're trying to find.
It only happens maybe once or twice in a life-time, so few notice enough to observe it as a historically repeating event.
This is the contraction and expansion of credit by the bankers.
People who control the money, have power to control events. Maybe not every little detail, but the big ebb and flow of the tide yes.
Maybe not perfectly, but to a great extent, greater than you've ever read anything about in a public school book.
Usury as found in the KJV of scripture is a word few can define.
This book, The Creature from Jekyll Island, allows us to see the obscure root of that word usury.
People have wondered whether usury was the charging of interest, or the charging of too much interest.
And if usury is the charging of too much interest, then how much is too much?
So the whole idea is pretty much in limbo for most people, knowing not what it means.
However, let this understanding be a guide to the word:
If I should happen to charge you interest of $1.00 for a loan of money which I do not own,
then I am truely lending you zero money and charging you a dollar's worth of interest: that amounts
to an interest rate of...? Well, let's see,
the Amount Charged as Interest = Amount of Loan X Interest Rate
Re-stated, this becomes: (Amount of Dollars Charged as Interest) divided by Amount of Loan
is equal to the Interest Rate.
Well, in my math class the answer is infinite. Any amount divided by zero is infinity.
The key points to learn from this book include:
Usury is at least the practice of charging interest for nothing.
How usury arose. Ancient caravan traders from Rome to Egypt stored their gold in safe places within
those two cities and carried script (written testimony of the gold being available from trusted sources)
as they traveled across the desert. The store-house owner might collect a small fee for his storage and protection of the gold.
After awhile, the store-house owner in Rome figured out he could use the gold for his own transactions to make a profit while the gold owner was leading the caravan across the desert to Egypt.
After that he figured that he could give "script" to other people as well, and charge them interest for the loan.
Soon he was making loans to many caravan travelers and putting all the charges for those loans into his own pocket.
He was making money on money that was not his. This is exactly what the Federal Reserve System is doing.
It is exactly what the Central Bank of England was doing around the time of Napoleon.
The rest of the book is devoted to explaining the details of how all this works, and filling in some historical details of who was involved and when.
You should see how the central banking manufacture of money and interest rates has milked the people over the years.
You might have a grandfather who lost his land or home or farm as a result of banking practice.
Your family has been affected more than should have been by the losses due to inflation.
Inflation eats up about 5 per-cent a year of a family's attempt to accumulate wealth.
Unless a family can accumulate at a rate greater than 5%/year, they are losing the game.
Go figure. The price of milk, good creamy milk, delivered to your door when I was young was $0.50.
Today, you can't even buy that good a quality of milk, but a lesser quality cost nearly $4.00 or at my local store, about $3.84
That's nearly an eight-hundred percent increase in about 40 years for the price of milk due to inflation.
A fully loaded Chevy Impala was around $2,000 when I was in high school.
Today an impala starts at over $20,000. That's a ten-hundred percent increase in 40 years.
A house that was sold for $6,000 in 1963 brought nearly $50,000 recently.
Consider the loss that was experienced by whomever held the cash of $6,000 gotten for the house in 1963.
Especially if it was put into the bank with treasury bonds at some small interest rate.
Instead of seeing gains, they saw big big effective loss that exchange.
The value of the money decreased over that period of time. It buys less today than when they exchanged their house for that $6,000.
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