Tell The People The "almost hidden"
conspirators in politics, religion, education,
entertainment, and the news media are working for the
banker-owned Canada, in a banker-owned World under a
banker-owned World Government! (This is what all the talk
of a New World Order is all about.)
Love of country, compassion
for your race, and concern for your children should make
you deeply interested in this. Canada's greatest problem,
for our generation has not suffered under the
"yoke" as the coming generations will. Usury
and taxes will continue to take a larger and larger part
of the annual earning of the people and put them into the
pockets of the bankers and their political agents.
Increasing "government" regulations will
prevent citizen protest and opposition to their control.
It is possible that your
grandchildren will own neither home nor car, but will
live in "government owned" apartments and ride
to work in "government owned" buses (both
paying interest to the bankers), and be allowed to
keep just enough of their earnings to buy a minimum of
food and clothing
while their rulers wallow in luxury. In Asia and eastern
Europe it is called "communism;" in America it
is called "Democracy" and
"Capitalism."
Graham
Towers: (Governor of the
Bank of Canada (at the time), appearing in 1939, before
the Committee on Banking and Comerce:)- Government
Printing Bureau, Ottawa -
Banks Create
Money Through The Creation Of Credit -
| Question to Mr Towers: |
You
have agreed that the banks do create the money. |
| Mr. Towers: |
They, by their activities in
making loans and investments, create liabilities
for themselves in the form of deposits. |
| |
|
| Question
to Mr Towers: |
But
there is no question about it that banks create
the medium of exchange? |
| Mr. Towers: |
That is right. that is what
they are for....That is the banking business;
just in the same way that a steel company makes
steel. The manufacturing process consists of
making a pen-and-ink or typewritten entry or in a
card in a book. That is all. Each and every time
a bank makes a loan (or purchases securities),
new bank credit is created - new deposits - new
money. (pp.113,328) As loans are debt, then under
the present system all money is debt. (p.459) |
| |
|
| Question
to Mr Towers: |
When
you allow the merchant banking system to issue
bank deposits, with the practice of using
cheques, you virtually allow banks to issue an
effective substitute for money do you not? |
| Mr. Towers: |
The
bank deposits are actually money in that sense. |
| |
|
| Question
to Mr Towers: |
...as
a matter of fact, they are not actual money, but
a substitute for money? |
| Mr.
Towers: |
Yes. |
| |
|
| Question
to Mr Towers: |
Then
we authorize the banks to issue a substitute for
money? |
| Mr. Towers: |
Yes. (p.285) |
Canada will not shake off
her Banker-controlled dictatorship as long as the people
are ignorant of the hidden controllers. International
financiers, who control most of the governments of the
nations, and most sources of information, seem to have us
completely within their grasp. They are afraid of only
one thing: an awakened patriotic citizenry, armed with
the truth, and with a trust in God for deliverance. This
material has informed you about their iniquitous system.
What you do with it is in your hands.
|
