of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses... This little coterie...run our government for their own selfish ends. It operates under cover of a self-created screen...seizes...our executive officers...legislative bodies...schools...
courts...newspapers and every agency created for the public protection.”
N.Y. Mayor, John Hylan
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AMERICA AND ITS EXAMPLES OF FIAT MONEY
A Look at Examples of Fiat Money as it Pertains to the Stranglehold the Federal Reserve and Private Bankers Have on America.
We were originally going to provide you examples of fiat money here.
Instead, we’ve decided to create Part 3 in our series discussing fiat money in relationship to the money problem in America.
- Part 1 - A Fiat Money Definition
- Part 2 - Dangers of Fiat Money Economics
Let’s continue the passage from The Legalized Crime of Banking and a Constitutional Remedy (1958), by Silas Walter Adams regarding the worst of all fiat money examples: America…
EXAMPLES OF FIAT MONEY MAKE JOKE OF CONSTITUTION
"There must not continue the co-partnership in creating and controlling money: the Government and banks.
"One must be eliminated, and the Constitution definitely eliminates the private banking corporations; therefore there must be only the Government in control of the creation of money, and fixing its purchasing power.
"The first Article of the Constitution, and the very first Section says:
"‘All legislative powers herein granted SHALL BE vested in a Congress of the
United
States . . .’
"Sections 2, 3, 4, 5, 6 and 7 constitute the Congress, and the 8th Section enumerates SPECIFICALLY the powers of Congress; and the first power mentioned is ‘money’, ‘lay and collect taxes,’ and the second, ‘borrow Money,’ and the 5th:
"‘To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.’
"Memorize that section; for it must ever be in your mind, as you study banking, money, your place in the system.
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EXAMPLES OF FIAT MONEY: ELIMINATE BANKSTERS’ STRANGLEHOLD
"I shall prove to you that we must eliminate the banking corporations from the creation, circulation, and control of money; and confine them to ‘lending only the deposit credits’ to their credit on the books of the United States Depositories in absolute control of the Treasury of the United States, with the hand of Congress guiding every step and act in the business of providing the Nation its money supply — even the lending of deposits.
"The trouble with bank deposits is that they are created in too large volume by private corporations for the corporations' gain, and incidentally usable as a ‘medium of exchange.’
"We have had this sort of money since Andy (President Andrew Jackson) let Nick (Nicholas Biddle, president of the Second United States Bank) taunt him into killing the Second Bank of the United States, first in small quantities, as Gold and Silver.
"Even at that late date coins were shuttling about in an effort to meet the fluid demands of money; while today personal cheques are used in over 90 percent of our monetary payments.
EXAMPLES OF FIAT MONEY: BANKSTERS CONTROL YOUR FATE
"We might wink at the Congress's farming out the public credit to private banking corporations, and giving them absolute (almost) control of the creation of money and the control of its circulation, and credit, if they did not hog the wealth of the Nation ‘with phoney money.’
"Under the Federal Reserve Act, bankers, private corporations formed strictly for private gain, use the credit of the United States (its vast natural and material resources, its vast industrial and commercial activities, its resourceful planning, its eager, know-how man power, its, most democratic government poorly umpiring) to the hurt of the masses, the toiling, labouring, planning workers.
"The banking practices, given unlimited powers over money under the Federal Reserve Act, empowers them to expand or contract the flow of money at will, on a moment's notice, which either gives us ‘good times,’ or puts us in the bread line.
"How true Ex-Congressman Callaway's statement to me in 1933: ‘I voted against the Federal Reserve Act of 1913, because it gives the bankers the power of life or death over every man, woman and child in the Nation.’
EXAMPLES OF FIAT MONEY: “BEST” MONEY
"The mechanics of money are so simple, when shorn of all the lengthy ‘red tape’ bankers use to obscure money!
"The best money the world has discovered, as I have and shall often repeat, is ‘deposit credits, transferable by cheque, wherewith people make the bulk of their monetary payments.’
"The Federal Reserve Act, which has just this year been ‘revised and amended,’ extending the red-tape obscurations, covering 252 pages, makes the creation of money a most mysterious thing.
EXAMPLES OF FIAT MONEY: “BEST” MONEY EXPLAINED
"Here are the essentials in that best money, which I shall reveal to you:
- A United States Depository in every community in the Nation,
- a set of books carrying the deposit credits of every person, firm or corporation served by that community's Depository,
- a staff of clerks and bookkeepers to administer the duties of the Depository,
- the Treasury of the United States as directing head, and
- the Congress of the United States.
The course of cheques would be as follows, eliminating all clearing houses:
- John Doe in Austin would write a cheque to Joe
Doak in any other community in the United States, in payment of a purchase Doe
made from Doak. Doak would deposit it in his (local) depository; the depository
would credit Doak's deposit account the face of the cheque, dollar for dollar, and
mail the cheque to Doe's Depository in Austin, and Doe's Depository would debit
Doe's account face of the cheque, dollar for dollar.
"That would be the whole of the mechanics of that soundest and most fluid money the world has ever seen, if the Congressmen would quit perjuring themselves by taking an oath to support and uphold the Constitution, then turning around and violating that Constitution either witlessly or ignorantly."
Part 4 of our fiat money discussion can be found at .
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THIS EXAMPLES OF FIAT MONEY ARTICLE IS NOT COPYRIGHTED. YOU ARE FREE AND ENCOURAGED TO PASS THIS CRITICAL INFORMATION ON TO AS MANY FELLOW AMERICANS AS POSSIBLE. POST IT AND EMAIL IT NOW TO AT LEAST 10 PEOPLE!
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