Billions for the Bankers
Debts For The People


 
In his essay, "Billions for the Bankers--Debts for the People: An indictment of the Federal Reserve System," the late  Pastor Sheldon Emry examines the corruption at the core of the American monetary system.
 
 
This essay examines the corruption at the core of the Canadian monetary system. It suggests that Canadians lost control of their money supply in much the same way as the Americans. How can we get it back?

It's Political, Too!

The Liberal, Reform, Bloc and N.D.P. voters who have wondered why politicians always spend more tax money than they take in should now see the reason. When they begin to study our "debt-money" system, they soon realize that these politicians are not the agents of the people but are the agents of the Bankers, for whom they plan ways to place the people further in debt. It takes only a little imagination to see that if Government had been "creating" and spending or issuing into circulation the necessary increase in the money supply, THERE WOULD BE NO NATIONAL DEBT, AND THE $500 BILLION OF OTHER DEBTS WOULD BE PRACTICALLY NON-EXISTENT. Since there would be no ORIGINAL cost of money except printing, and no CONTINUING costs such as interest, Federal taxes would be almost minimal. Money, once in circulation, would remain there and go on serving its purpose as a medium of exchange for generation after generation and century after century, just as coins do now, with NO payments to the Bankers whatever!

Mounting Debts and Wars

But instead of peace and debt-free prosperity, we have ever-mounting debt and periodic wars. We as a people are now ruled by a system of Banker owned mammon that has usurped the mantle of government, disguised itself as our legitimate government, and set about to pauperize and control our people. It is now a centralized, all-powerful political apparatus whose main purposes are promoting war, spending the peoples' money, and propagandizing to perpetuate itself in power. Our political parties have become its servants, the various departments of government its spending agencies, and the Federal Revenue its collection agency.

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