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CENTRAL BANKING AND THE PRIVATE CONTROL OF MONEY CENTRAL BANKING AND THE CONTROL PRIVATE MONEY By creating and controlling the money supply, the so-called Money Changers have maintained control over governments and citizens for millennia. Part 1 of 2 here was a time when to ask someone for whom he worked was considered somewhat insulting, as it implied he was an incompetent, incapable of gainful self-employment. But now, property ownership (net wealth) is not a general fea- ture of our society, as it largely was until the Great Depression. Rather, net debt and complete dependence on a precarious wage or salary at the will of others is the gener- al condition. Since the exercise of freedom often includes using material objects such as books, food, clothing, shelter, arms, transport, etc., the choice and possession of which requires some wealth, we are forced to admit that the general condition of Americans is one of increas- ing dependence and limitations on freedom. Since the turn of the century, there has occurred throughout the world a major increase in debt and a major decline in the freedom of individuals and states to conduct their own affairs. To restore a condition of widespread, modest wealth is therefore essential to regaining and preserving our freedom. Why are we over our heads in debt? Why can't the politicians bring debt under control? Why are so many people (often, both parents) working at low-paying, dead-end jobs and still making do with less? What's the future of the American economy and way of life? Are we headed into an economic crash of unprecedented proportions? Larry Bates was a bank president for eleven years. As a member of the Tennessee House of Representatives, he chaired the Committee on Banking and Commerce. He's also a former professor of economics and the author of the best-selling book, The New Economic Disorder. He has this to say about our future prospects: I can tell you right now that there is going to be a crash of unprecedented proportions— a crash like we have never seen before in this country. The greatest shock of this decade is that more people are about to lose more money than at any time before in history, but the second greatest shock will be the incredible amount of money a relatively small group of people will make at the same time. You see, in periods of economic upheaval, in periods of economic crisis, wealth is not destroyed—it is merely transferred. Former US presidential candidate Charles Collins is a lawyer and a banker who has owned banks and served as a bank director. He believes we'll never get out of debt because the Federal Reserve (‘the Fed’) is in control of our money. To quote Collins: Right now, it's perpetuated by the Federal Reserve making us borrow the money from them, at interest, to pay the interest that's already accumulated. So we cannot get out of debt the way we're going now. Extracted from the book of the video THE MONEY MASTERS: How International Bankers Gained Control of America Published & revised in 1998 by Royalty Production Company PO Box 114, Piedmont OK 73078, USA www.themoneymasters.com Extracted from the book of the video THE MONEY MASTERS: How International Bankers Gained Control of America Economist Henry Pasquet is a tenured instructor in economics. He agrees that the end is near for the US economy: No, not when you are adding roughly a billion dollars a day. We just can't go on. We had less than one trillion dollars of national debt in 1980; now it's $5 trillion—five times greater in fifteen years. It just doesn't take a genius to realize that this just can't go on forever. The problem is that the US has one of the worst monetary systems ever devised: a cen- tral bank that operates independently of the government, which, with other private banks, NEXUS © 11 1. THE US FEDERAL RESERVE DECEMBER 1998 - JANUARY 1999