THE BURDEN OF DEBT AND THE OPPRESSION OF MEN

1
THE BURDEN OF DEBT AND THE OPPRESSION OF MEN

• I SEEK THY REFUGE FROM THE BURDEN OF DEBT AND THE
  OPPRESSION OF MEN

2
WHAT IS MONEY

• Money is anything that is generally accepted as
  payment for goods and services and repayment of
  debts.
• 1 The main uses of money are as a medium of
  exchange, a unit of account, and a store of value.

3
History of Profit and Money

• Early civilizations exchange between societies
  of whatever was needed/wanted.
• Major Empires through early feudalism local
  forms of money (salt, grains, silver, cattle,
  etc) money is a vehicle through which goods are
  exchanged. Exchange is for survival.
• Late feudal through City-States (14th-16th
  centuries) rise of mercantilism and trade
  profit is made in spices, silks, quest for gold
  and metals gold and silver are media of
  exchange balance of trade is favorable

4
History of Profit and Money

• Industrialism (17th-19th centuries) paper money
  as currency is created profit is made on
  production trade deficits are acceptable.
• Modern and post-modern (20-21st centuries)
  profit is made on capital fictitious wealth,
  rise of paramoney (credit cards, checks, etc.)
  trade deficits are acceptable. Value of money is
  no longer a face value reflection of use worth.
  The globalized world is fueled by multiple
  currencies, of which many determine their value
  in the foreign exchange market.

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THE RISE OF BANKS

• THE MEDICI-made their bank bigger and more
  diversified by spreading their risks and engaging
  in currency trading as well as lending
• THE AMSTERDAM EXCHANGE BANK 1609- allowed
  merchants to set up accounts denominated in a
  standard currency
• SWEDISH BANK 1656-by lending amounts in excess of
  its metallic reserve, it pioneered fractional
  reserve banking.
• THE BANK OF ENGLAND 1709-allowed to operate on a
  joint stock basis, established partial monopoly
  on the issue of banknotes

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THE BANKING FAMILIES

• The Mèdici family was a powerful and
  influential Florentine family from the 13th to
  17th century. The Medici Bank was one of the most
  prosperous and most respected in Europe. There
  are some estimates that the Medici family were
  for a period of time the wealthiest family in
  Europe. From this base, they acquired political
  power initially in Florence and later in wider
  Italy and Europe. A notable contribution to the
  profession of accounting was the improvement of
  the general ledger system through the development
  of the double-entry bookkeeping system for
  tracking credits and debits. This system was
  first used by accountants working for the Medici
  family in Florence.

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THE BANKING FAMILIES

• The Rothschild family (often referred to simply
  as the Rothschilds), is an international banking
  and finance dynasty of German Jewish origin that
  established operations across Europe, and was
  ennobled by the Austrian and British governments.
  The family's rise to international prominence
  began with Mayer Amschel Rothschild (17441812),
  the son of Amschel Moses Rothschild,1 a
  moneychanger. Born in the ghetto (called
  "Judengasse" or Jew Alley) of Frankfurt am Main,
  he developed a finance house and spread his
  empire by installing each of his five sons in
  European cities to conduct business. An essential
  part of Mayer Rothschild's strategy for future
  success was to keep control of their businesses
  in family hands, allowing them to maintain full
  discretion about the size of their wealth and
  their business achievements

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THE BANKING FAMILIES

• Kuhn, Loeb Co. was an investment bank founded
  in 1867 by Abraham Kuhn and Solomon Loeb. Under
  the leadership of Jacob H. Schiff, it grew to be
  one of the most influential investment banks in
  the late 19th and early 20th centuries, financing
  America's expanding railways and growth
  companies, including Western Union and
  Westinghouse, and thereby becoming the principal
  rival of J.P. Morgan Co.

9
THE BANKING FAMILIES

• The Rockefeller family, the renowned Cleveland
  family of John D. Rockefeller (1839-1937)
  ("Senior") and his brother William Rockefeller
  (1841-1922), is an American industrial, banking,
  and political family of German American origin
  that made the world's largest private fortune in
  the oil business during the late 19th and early
  20th century, primarily through the Standard Oil
  Company.1 The family is also known for its long
  association with and financial interest in the
  Chase Manhattan Bank, now JP Morgan Chase.

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BANKING FAMILIES

• J.P. Morgan ?The most influential banker in
  history. John Pierpont Morgan (April 17, 1837
  March 31, 1913) was an American financier, banker
  and art collector who dominated corporate finance
  and industrial consolidation during his time. In
  1892 Morgan arranged the merger of Edison General
  Electric and Thompson-Houston Electric Company to
  form General Electric. After financing the
  creation of the Federal Steel Company he merged
  the Carnegie Steel Company and several other
  steel and iron businesses to form the United
  States Steel Corporation in 1901.

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Used To Be, Gold and Silver Were the Only Legal
Currency in the U.S.

• .

12
The Gold Standard

• Each country had to maintain adequate reserves of
  gold to back the currency in circulation.
• Because it was linked to gold, the gold standard
  had the effect of limiting the rate at which an
  individual country could expand its money supply.
• Gold was considered an automatic mechanism to
  help all countries achieve balance-of-payment
  equilibrium.

13
Just Like the U.S. Constitution Said

• Section 10. No state shall enter into any
  treaty, alliance, or confederation grant letters
  of marque and reprisal coin money emit bills of
  credit make anything but gold and silver coin a
  tender in payment of debts pass any bill of
  attainder, ex post facto law, or law impairing
  the obligation of contracts, or grant any title
  of nobility.

14
Thank You Woodrow Wilson!

• After previous attempts to push the Federal
  Reserve Act through Congress, a group of bankers
  funded and staffed Woodrow Wilson's campaign for
  President. He had committed to sign this act. In
  1913, a Senator, Nelson Aldrich, maternal
  grandfather to the Rockefellers, pushed the
  Federal Reserve Act through Congress just before
  Christmas when much of Congress was on vacation.
  When elected, Wilson passed the FED. Later,
  Wilson remorsefully replied, referring to the
  FED, "I have unwittingly ruined my country". Now
  the banks financially back sympathetic
  candidates. Not surprisingly, most of these
  candidates are elected.

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How the Federal Reserve is set up

• The Fed is made up of about 6,000 banks across
  the U.S.
• The Fed is run by seven individuals called the
  board of governors
• Each member is appointed by the President

The board as of 2008
16
The Fed is a Private Corporation Owned By

• Rothschild Bank of London
• Warburg Bank of Hamburg
• Rothschild Bank of Berlin
• Lehman Brothers of New York
• Lazard Brothers of Paris
• Kuhn Loeb Bank of New York
• Israel Moses Seif Banks of Italy
• Goldman, Sachs of New York
• Warburg Bank of Amsterdam
• Chase Manhattan Bank of New York.

17
Controlling the Money Supply

• The main job of the Fed is to control the money
  supply in the U.S.
• The fed uses two main tools for this
• Reserve Requirement
• Discount Rate

18
Reserve Requirement

• Is the amount of money the Fed tells banks they
  must keep back from using
• It can be as much as 22 percent of the money
  people have put in the bank
• The higher the number the less money banks have
  to loan

19
Tight or Easy money

• When the Fed wants to encourage people to spend
  more it increases the money supply, this is
  called easy money
• When the Fed wants to slow down the economy is
  reduces the money supply, this is called tight
  money

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MONEY IS DEBT
21
Ron Paul
22
Ron Paul
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THE JUDGMENT

• 171 And there came one of the seven angels which
  had the seven vials, and talked with me, saying
  unto me, Come hither I will shew unto thee the
  judgment of the great whore that sitteth upon
  many waters 172 With whom the kings of the
  earth have committed fornication, and the
  inhabitants of the earth have been made drunk
  with the wine of her fornication.

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GLOBALISM

• Globalization (globalisation) in its literal
  sense is the process of transformation of local
  or regional phenomena into global ones. It can be
  described as a process by which the people of the
  world are unified into a single society and
  function together.This process is a combination
  of economic, technological, sociocultural and
  political forces.1 Globalization is often used
  to refer to economic globalization, that is,
  integration of national economies into the
  international economy through trade, foreign
  direct investment, capital flows, migration, and
  the spread of technology.2

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These Men Stood Up To The International Bankers
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And Paid For It With Their Lives!
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Abraham Lincoln Greenbacks

• "The government should create, issue and
  circulate all the currency and credit needed to
  satisfy the spending power of the government and
  the buying power of consumers..... The privilege
  of creating and issuing money is not only the
  supreme prerogative of Government, but it is the
  Government's greatest creative opportunity. By
  the adoption of these principles, the long-felt
  want for a uniform medium will be satisfied. The
  taxpayers will be saved immense sums of interest,
  discounts and exchanges. The financing of all
  public enterprises, the maintenance of stable
  government and ordered progress, and the conduct
  of the Treasury will become matters of practical
  administration. The people can and will be
  furnished with a currency as safe as their own
  government. Money will cease to be the master and
  become the servant of humanity. Democracy will
  rise superior to the money power." ?Abraham
  Lincoln 2

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WHAT KILLED JFK?

• Perhaps the assassination of JFK was a warning to
  all future presidents not to interfere with the
  private Federal Reserve's control over the
  creation of money. It seems very apparent that
  President Kennedy challenged the "powers that
  exist behind U.S. and world finance". With true
  patriotic courage, JFK boldly faced the two most
  successful vehicles that have ever been used to
  drive up debt1) war (Viet Nam) and,2) the
  creation of money by a privately owned central
  bank. His efforts to have all U.S. troops out of
  Vietnam by 1965 combined with Executive Order
  11110 would have destroyed the profits and
  control of the private Federal Reserve Bank.

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John Kennedy

• Executive Order 11110AMENDMENT OF EXECUTIVE ORDER
  NO. 10289?AS AMENDED, RELATING TO THE PERFORMANCE
  OF ?CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF
  THE TREASURY  
•    By virtue of the authority vested in me by
  section 301 of title 3 of the United States Code,
  it is ordered as follows     SECTION 1.
  Executive Order No. 10289 of September 19, 1951,
  as amended, is hereby further amended --     (a)
  By adding at the end of paragraph 1 thereof the
  following subparagraph (j)     "(j) The
  authority vested in the President by paragraph
  (b) of section 43 of the Act of May 12, 1933, as
  amended (31 U.S.C. 821 (b)), to issue silver
  certificates against any silver bullion, silver,
  or standard silver dollars in the Treasury not
  then held for redemption of any outstanding
  silver certificates, to prescribe the
  denominations of such silver certificates, and to
  coin standard silver dollars and subsidiary
  silver currency for their redemption,"
  and     (b) By revoking subparagraphs (b) and (c)
  of paragraph 2 thereof.     SEC. 2. The amendment
  made by this Order shall not affect any act done,
  or any right accruing or accrued or any suit or
  proceeding had or commenced in any civil or
  criminal cause prior to the date of this Order
  but all such liabilities shall continue and may
  be enforced as if said amendments had not been
  made.JOHN F. KENNEDYTHE WHITE HOUSE,?June 4, 1963.

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THE CRASH

• In 2008, a recession throughout the
  industrialized world was suggested by several
  important indicators of economic downturn.1
  Contributors to this downturn included high oil
  prices, high food prices, and a substantial
  credit crisis leading to the drastic bankruptcy
  of large and well established investment banks as
  well as commercial banks in many nations around
  the world. This crisis has led to increased
  unemployment, and other signs of contemporaneous
  economic downturns in major economies of the
  world.In December 2008, the NBER declared that
  the United States had been in recession since
  December 2007, and several economists expressed
  their concern that there is no end in sight for
  the downturn.2This economic crisis has been
  called the Second Great Depression by some
  observers, and the Great Recession by others

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JESUS AND THE MONEYCHANGERS

• Matthew 2112-13 (New International Version)
• Jesus at the Temple 12Jesus entered the temple
  area and drove out all who were buying and
  selling there. He overturned the tables of the
  money changers and the benches of those selling
  doves. 13"It is written," he said to them, " 'My
  house will be called a house of prayer but you
  are making it a 'den of robbers.'b"

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INTEREST IN THE QURAN

• The Noble Qur'an - Al-Baqarah 275-281
• . Those who eat Ribâ (usury) will not stand (on
  the Day of Resurrection) except like the standing
  of a person beaten by Shaitân (Satan) leading him
  to insanity. That is because they say "Trading
  is only like Ribâ (usury)," whereas Allâh has
  permitted trading and forbidden Ribâ (usury). So
  whosoever receives an admonition from his Lord
  and stops eating Ribâ (usury) shall not be
  punished for the past his case is for Allâh (to
  judge) but whoever returns to Ribâ (usury),
  such are the dwellers of the Fire - they will
  abide therein.
• 276. Allâh will destroy Ribâ (usury) and will
  give increase for Sadaqât (deeds of charity,
  alms, etc.) And Allâh likes not the disbelievers,
  sinners.
• 278. O you who believe! Be afraid of Allâh and
  give up what remains (due to you) from Ribâ
  (usury) (from now onward), if you are (really)
  believers.
• The Noble Qur'an - Al-Imran 3130O you who
  believe! Eat not Ribâ (usury) doubled and
  multiplied, but fear Allâh that you may be
  successful.

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INTEREST IN HADITH

• Hazrat Abu Hurairah r.a. reported that the
  Prophet said A time will certainly come over
  the people when none will remain who will not
  devour usury. If he does not devour it, its
  vapour will overtake him.

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Concept of Riba

• Probably best known and greatest practical
  difference from Western finance.
• Widely misunderstood Riba is the prohibition of
  interest on money.
• Underlying concept money has no intrinsic value
  it is only a measure of value.
• Since money has no intrinsic value, there should
  be no charge (interest) for its use.

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Revelation 18-1

• And after these things I saw another angel come
  down from heaven, having great power and the
  earth was lightened with his glory. 
• 2And he cried mightily with a strong voice,
  saying, Babylon the great is fallen, is fallen,
  and is become the habitation of devils, and the
  hold of every foul spirit, and a cage of every
  unclean and hateful bird. 
• 3For all nations have drunk of the wine of the
  wrath of her fornication, and the kings of the
  earth have committed fornication with her, and
  the merchants of the earth are waxed rich through
  the abundance of her delicacies.
•  4And I heard another voice from heaven, saying,
  Come out of her, my people, that ye be not
  partakers of her sins, and that ye receive not of
  her plagues. 
• 5For her sins have reached unto heaven, and God
  hath remembered her iniquities.

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THE LESSONS-PROBLEM 34

• The uncle of Mr. Fard lives in the wilderness of
  North America and works sixteen hours out of
  twenty-four every day for a very little pay. He
  has a large family to support and on top of that
  a Satan came along and sold him a life insurance
  and gave him a written Guarantee that he will
  receive a full benefit at once on after approval
  of his death.
• Another Satan came along and sold him five
  hundred B. shares at six percent, in the Panama
  Canal, at 1.75 per share. The Panama Canal was
  completed in 1914 at a cost of 375,000,000.
  Mostly the bigger part of the sum belongs to the
  Share-Holders, whom we call the 85.

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ACCEPT RESPONSIBILITY TO BUILD OUR COMMUNITY

• BE YOURSELF
• ACCEPT YOUR OWN
• DO FOR SELF