How the Creation of Money in the Unconstitutional Federal Reserve System Allows White Trash Scandals to Live the High Life Disguised as Respectable Bankers.
Here's a short story relating the evils of the creation of money under the current unconstitutional Federal Reserve System.
This passage comes from The Legalized Crime of Banking and a Constitutional Remedy (1958), by Silas Walter Adams.
We recommend you buy and read this book as soon as possible.
It will offer you great enlightenment on what's going on behind the scenes in the fraudulent banking system.
THE CREATION OF MONEY. R.L. THORNTON
'…a story appeared in the Dallas News, October 13, 1946.
R.L. Thornton, president of bank, was born in a half dugout, graduated from the Corn, Cotton and MuleUniversity.
He opened a private bank on $20,000 borrowed capital, at 704 Main Street, Dallas,in 1916.
He took in $12,000 deposits the first day.
Thirty years later his bank, The National Mercantile Bank & Trust Company, moved into its own 30-story building, which was builtduring the war when the rest of us could not build a home, at a cost of $5 million.'
'He hadclimbed 30 stories in thirty years, his assets climbed from $20,000 to $184,000,000. a gain of920,000 percent, or an annual growth of 30,666 percent profit a year.
And that did not includethe millions drained off by means of bond sales, stock sales, dividends, etc., which went intoranches, oilfields, beautiful homes, which did not register as 'assets of the bank'.
...and othermillions went to pay the expenses of their 'in-the-family white trash', who have beaten trails tothe four corners of the Earth, Yellowstone Park, tables at Monte Carlo, gondolas in Venice,pyramids of Egypt, hot sands of Miami. all places where international white trash swarm andlounge with billions of American 'credit dollars' steaming from their fingers.'
THE CREATION OF MONEY. PRODUCERS ENSLAVED TO BANKERS
'That story is typical. That is a niche in the 'House Banking Built,' which Josiah Stamp saidOUGHT to be torn down.
The man and woman who live without turning their hands to honest toil, who live by their wits,are creatures of banking, their lives of non-toil made possible by these bankers 'creating' debtdollars which would buy the products of those who must toil to live.'
THE CREATION OF MONEY. THE JOSIAH STAMP QUOTE
Here is the full Josiah Stamp quote Adams referred to above.
'Banking was conceived in iniquity and was born in sin. The bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create deposits.'
- Sir Josiah Stamp, (President of the Bank of England in the 1920's, the second richest man in Britain)