Propaganda, lies, or utter stupidity?
Vote for Wilson campaign truck (upper, forward right-side panel) asks (tells), “Who broke the money trust? Who keeps us out of war?”
Our country has suffered under over 200 years of various attempts — never with a public mandate — to impose usury upon an unwitting citizenry who do not even know that a currency subject to interest can only multiply debt in proportion even to the potential capacity to service debt.
Several of these attempts to establish so called national or central banks have succeeded for a while, always through tumultuous histories. Every such system can only engender mounting inequity, because its multiplication of debt inherently dedicates ever more of a circulation to servicing debt, leaving ever less of the circulation to sustain the very commerce which is obliged to service the debt. Ultimately, ever such system collapses at a maximum practical lifespan, predicated by an inevitable moment when inherent, irreversible multiplication of debt in proportion to the circulation engenders a sum of debt which the system can no longer afford to service.
Even if we do not understand this process, all this should sound quite familiar in the evidence everywhere about us. The present implementation of 12 private corporations promised quite contrarily to prevent such things. But of course, so suggested process is even capable of preventing inherent, irreversible multiplication of debt by interest, as to maintain a circulation, we are coerced to perpetually re-borrow payments against principal and interest obligations, with the necessity to perpetually replenish a constantly deflating circulation thus resulting in a perpetual escalation of debt, ever equal to the previous sum of debt, plus so much as periodic interest.
Over the last years of the 19th century and first few years of the 20th, artificial banking calamities were purposed as a background for which to propose a thing which could never solve the causes thereof — consolidation of the powers to dispossess us likewise, in a combination of the principal perpetrators. These twelve private corporations would be endowed with the further remarkable power even, to produce a privatized currency at no cost, and not only to charge interest on introduced currency which therefore *absolutely would not* represent *earned* wealth; but to multiply debt to the very consequences we can only expect of a currency which for no risk to its issuer whatever, only purportedly justifies interest.
So, much as Mr. McCain advocates and denies advocation of *further* “privatization,” in the spirit of a hidden agenda today, the Republicans raised the audacious proposal of combining the conspiring banks in their vicious Aldrich Bill. As Congressman Louis T. McFadden and others well recorded to our Congressional Record, the 1912 Democrat Party Platform explicitly promised that if returned to power, the Democrats would *not* create a central bank. With the American People smelling the skunk, the Democrats were elected.
But a remarkable betrayal of the people immediately ensued. Principals of the Aldrich Bill were immediately found within the Wilson Administration, and in less than a year, in the eve of December 23, 1913, the vicious Federal Reserve Act, a little compromised virtual twin of the Aldrich Bill, was foisted upon the betrayed American People.
As no act which preserves interest can eradicate multiplication of debt by interest, this act can only preserve multiplication of debt in proportion to a circulation, until for merely maintaining a vital circulation, at whatever rate of deterioration predicated by interest and growth, the system ultimately fails. It of course did so but a mere 15 years into its existence.
In the midst of the First Great Depression, it would soon be found financing the military preparations of Hitler for WW II and even paying the debts of Japanese military preparations to German Munitions makers. After the Second World War, credit-worthiness inherently destroyed by the unassented and unjustifiable system would be restored, that its second finite lifespan could begin. The artificial sums of debt which were the underlying cause of the whole failure, were only destroyed by the failure itself. After 15 years, to resume usury, credit was granted again. The first players on the Monopoly Board were encouraged to multiply their unearned profit from their own progeny; and to the real benefit of no one under the resultant, perpetual devaluation of the currency, every subsequent generation would be committed to paying lifetime after lifetime of their own production, for but a few months of our own work.
Now, just around the corner is the prospect of the end of the second inherently finite lifespan of the same process, which can only multiply debt into an ever greater, eventually terminal, insoluble sum of debt.
Long before even Hitler would be prepared to wage war against us however, President Wilson, realizing how severely he had been duped and what the consequences of that dupery to the country are, made this apology to history:
“I am a most unhappy man. I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation therefore, and all our activities, are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world &mdash no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
Wilson’s campaign slogans had advocated his candidacy by asking, “Who broke the money trust? Who keeps us out of war?” His slogans claimed “prosperity preparedness.” Rather than breaking the money trust, he gave it unlimited power and ensured our destruction by it. Rather than keeping us out of war, he had unwittingly financed the opposition. Rather than preparing the way to prosperity, he paved the way for the dispossession Jefferson and Lincoln had warned us of, long before.
In telling this story for almost 40 years, I am often asked why have the Democrats (or Republicans) never rectified this error?
Of course, the answer lies in the wake we should foresee in such usurpation. But to this very day I ask the same question, knowing too that there is but one solution for both circulatory and price inflation/deflation, systemic manipulation of the cost or value of money or property, and inherent multiplication of interest — something I have proposed less formally since 1968, and formally since 1979.
The obvious intentions of said usurpation explain of course too, why we have been obstructed from mathematically perfected economy™ ever since. Today nonetheless, this question is more important than ever, because we stand at the brink of failure under said process of artificial multiplication of debt. If we fail now to implement what I call mathematically perfected economy™, we may very well once again lose not only the industry which has been banished to slave markets or extinguished altogether, but all our property in the failure of this imposed, unjustifiable system.
Without saluting the much borrowed and adulterated cause of deterioration my work identified long ago, candidates like Ron Paul have even advocated termination of the Federal Reserve, simply claiming false causes of price inflation — a thing which I have shown for 40 years is driven by artificial multiplication of debt.
Mr. Paul himself then negates the only real reason to rescind the culpable system. Worse, he means to hide the only facts from which we can deliver solution.
What we need today is to return to *some* form of money which only truly represents wealth; and, against the issues which the gold standard always failed to resolve, we need to that form of currency to be redeemable perpetually in the very things it is intended to represent. Otherwise, we require an alternate standard such as the gold standard; but given a monetary system which delivers money which is *always* redeemable in the very things it purports to represent, we have no need of such a standard whatever — and the exceedingly expensive currency it redundantly entails, and can never protect us from the faults which devalue a currency.
The value of money of course can only be systemically manipulated by inflation/deflation or interest, because these are the only powers the system has to do so. Circulatory inflation/deflation does so by altering the proportional relationship between the circulation and the industry we want it to sustain. Because interest multiplies debt in proportion to a circulation, the fact it dedicates ever more of the circulation to servicing debt versus sustaining the commerce which is obliged to service the debt, further corrupts the capacity of the circulation to sustain commerce, even until the system collapses.
Because [circulatory] inflation and deflation are respectively defined as increases or decreases in the volume of circulation per the related volume of wealth the circulation is intended to represent, there is one and one only solution to inflation and deflation; and that is to introduce so much circulation as the original value of the wealth, and to pay off the resultant monetary obligation at the rate of depreciation or consumption.
We cannot therefore solve manipulation of the value of the currency via inflation or deflation if the currency is subject to interest, because interest compels us to pay more out of circulation than the original principal. But neither does a form of money which is merely published at virtually no cost represent earned wealth, as purportedly justifies interest. There is no justification of interest whatever therefore; for in fact, the money only represents the credit of a producer, and only guarantees that the creditor can collect that value if the money is not subject to an extrinsic party, who produces nothing, but collects interest to effect that the real creditor cannot collect the principal.
Pretentious scholars assert again and again that we can in fact pay the sum of our principal *and* interest obligations from a circulation which can be no more than the principal. They give examples that we can earn money back from the so called banking system to pay the interest. But of course this no more proves their deduction that we can pay *all* the principal and interest of eternity in such a way, than drinking a thimble of water and taking ten steps proves you can cross the dessert on that thimble of water.
For us to avert multiplication of debt by maintaining a circulation subject to interest, we must be able to earn *all* the interest on *all* debt back from banks, for every penny of interest that we do not restore to circulation by earning it from banks in turn increases the sum of debt in proportion to the circulation — ensuring the collapse they say is averted by drinking a thimble of water. It is not even possible to earn so much “back” from banks, because production/principal multiplied by interest exceeds our very production.
But certainly, the fact that across the whole subject population so few of us *do* indeed earn but a pittance of wages from “banks” illustrates the negligible practical degree to which all the interest we pay on debt is offset by a purported capacity to earn from “banks.”
So, this singular solution of inflation, deflation and inherent multiplication of debt by eradication of interest is mathematically perfected economy™, because the combination of these two solutions further solves all possible systemic manipulations of the cost or value of money or property. Other than averting near term failure under further irreversible, artificial multiplication of debt, what does the proposition of mathematically perfected economy™ mean to us?
By refinancing all debt under mathematically perfected economy™ for instance, a $100,000 home with a hundred year lifespan would be paid off at an overall rate of $1,000 per year, or $83.33 per month.
So mathematically perfected economy™ is also the only way we can pay each other for equal measures of our production with whatever we deem to be equal measures of our production. Given too that further means of unearned gain are denied predatory opportunity, mathematically perfected economy™ too is the only truly free market, and true system of sustainable, free enterprise.
As the Republican rejection of Mr. Paul, together with the “privatization” thoroughly implemented at incredible overall cost to the people by the present and future prospective Republican regimes prove, the Republicans are only here to pretend to serve the people, while they give free license to our destruction by further “privatization.” It was a takeover of the Republican Party almost 100 years ago, which would use that party to preserve usury and those tied to its purse strings, ever after.
Mr. Paul failed to produce monetary solution, for the gold standard had already failed; the value of gold has vacillated wildly even recently; a return to the gold standard can never sustain industry far exceeding the quantity of monetary gold; nor can the gold standard avert multiplication of debt by interest. Nonetheless, the true gravity of support for Mr. Paul based solely on his stance against the so called Federal Reserve was purposely subdued by the mainstream media, owned of course by the very purse strings which so intend to perpetuate our involuntary servitude. Thee are far more of us here who are extremely disenfranchised by the politics which preserve this evil imposition.
The Democrats have only proposed to treat the wounds inflicted by this system by ever greater taxation and perpetual expansion of otherwise redundant social programs, which in the end and to an ever greater degree all the way, are only to be defeated by further multiplication of debt.
Why then can’t the Democrats see to shed the stigmas of “tax and spend” and “socialism” by rectifying the error of Wilson, and establishing mathematically perfected economy™?