The Money System is a Confidence Trick
by Arian Forrest Nevin, J.D., citizen journalist
(NaturalNews)
Banks loan us money they create out of nothing. Not only is this a
scam, but it is outlawed by the Constitution, although our government
allows this criminal activity. This activity is at the heart of our
unsound money system, which is the direct cause of our nation`s current
economic collapse. To reverse our economic decline we must have a sound
and constitutional money system.
"I thought that, as a
scientific man, I ought to know something about economics. So I studied
the money system for two years and could make nothing of it. Then, one
day, the truth dawned on me. What I was studying was not a system, but
a confidence trick." The conclusion that the money system is a
confidence trick comes from "the father of nuclear fission" Nobel Prize
winning chemist Frederick Soddy.
A confidence trick is a scam, a
racket, a rip off, a con. What makes the money system a confidence
trick? Put most simply, money is created for private profit by banks
rather than created for the common good by the government. Only the
government of a nation should create money. The confidence trick that
is the money system takes two forms.
First, rather than simply
print money, the government, when it wants more money than it has
obtained through taxation, issues bonds. The Federal Reserve then
creates new money that did not exist before and uses this money to
purchase the bonds. Then the populace, through taxation, is forced to
pay the interest on these bonds. This is how the National Debt was
created. Rather than impoverishing the populace by forcing them to pay
interest on bonds, the government could simply create money instead of
having the Federal Reserve create money to purchase government issued
bonds.
Second, banks devised a subtle way to counterfeit money.
Banks invented a separate and distinct form of money other than cash.
Banks invented a kind of money which exists solely as entries in their
computers. Over 99% of money exists in this form. Anytime a check,
credit card, debit card, or money order is used, electronic bank money
is being used. Whenever someone gets a loan from a bank the bank is in
fact creating entirely new electronic money that did not exist before.
Through this subtle form of counterfeiting banks have been able to take
control of the money system. This confidence trick is played not only
by US banks but by all banks the world over. The money system is the
world`s longest running and most successful confidence trick.
Not
only is allowing banks to create money and charge us interest a
confidence trick, but it is also illegal! The Constitution explicitly
gives the power to create money to Congress and to Congress alone. It
does not authorize Congress to allow private corporations to create
money. Article I, Section 8, Part 5 of the Constitution of the United
States gives Congress the power, "To coin money, regulate the value
thereof, and of foreign coin." The Constitution is the highest law in
the United States of America. No law passed by Congress can override
the Constitution. It is illegal for banks to create money, and it is
illegal for Congress to allow banks to create money. The only way banks
could legally create money would be if an amendment to the Constitution
authorizing money creation by banks were passed. There is no such
amendment. Sadly the Constitution is not a self-enforcing document, and
if the people do not force the government to follow its dictates the
government is free to ignore the law without consequence.
President
Garfield stated, "He who controls the money supply of a nation controls
the nation." Is it any wonder that against the will of the great
majority of Americans the banks and Wall Street were able to get the
bailout bill passed? The so-called bailout was nothing other than a
massive transfer of purchasing power from the people to the banks and
the acquisition of worthless debt and stock by the government at high
prices from the banks. Banks were able to force this bill through
because of the enormous power they wield from controlling the money
system. The Secretary of the Treasury, Henry Paulson, is a banker. He
is the former CEO of Goldman Sachs, and he conducts government policy
in accord with the interests of banks and not of the American people.
The
truth of the monetary system has long been withheld from the American
people. We have been kept in the dark by the twin commandments put into
effect through the influence and power of banks: we shall not have an
honest money system, and we shall not examine the money system except
under their direction. An honest, constitutional money system is the
one thing banks will not stand for. The workings of the money system
and the economy are always discussed in mysterious terms. People feel
that it is something too complicated for them to understand. In fact,
only falsehoods and false principles need to be discussed in mysterious
terms. Any person of average intelligence can understand how the money
system works. However, banks do everything in their power to keep
people from understanding how the money system works, because if the
majority of Americans ever did understand, then there would soon be a
great call for the abolition of the unsound and dishonest monetary
system and a call for its replacement with an honest and constitutional
one.
Never on television, radio, in newspapers, or in magazines
is the truth of the money system discussed. The people are to be kept
in the dark and ignorant. Only on the internet and in a few books is
the truth of the monetary system discussed. Those who literally create
money can certainly afford to direct the discourse regarding the money
system in a direction favorable to their interests. Economists
prophesize nothing but economic doom and gloom for us upon the horizon.
This is true so long as we have a dishonest money system. As soon as it
is replaced with an honest money system the way will be open to much
greater prosperity than ever before.
The worldwide economic
crisis we face today is caused directly by the dishonest and unsound
money system. There can be no liberty without economic freedom. There
can be no economic freedom without an honest money system. The people
must demand an honest money system. We must put such pressure on the
government that they have no alternative but to execute the will of the
people. Either we continue to pay billions and trillions yearly to be
kept artificially poor or we demand honest US constitutional money. The
choice is clear.
About the author
Arian Forrest Nevin,
J.D. is the author of National Economy: The Way to Abundance. National
Economy presents an immediate solution to the worldwide economic
crisis. National Economy is the study of how a nation, rather than an
individual, can be made wealthy. It explains how all manufacturing that
has moved to other countries and all jobs that have been outsourced can
be returned to America, how real wages can be dramatically increased,
and how, at the same time, the people can have more leisure.
His website is http://www.nationaleconomy.net