THE HIDDEN HISTORY OF MONEY & NEW WORLD ORDER USURY SECRETS

Compiled by Alexander James alexjamesinfo@gmail.com: v 7.11, December 2010

Summary of This Book

In a nutshell, money is a technique to keep track of credits/debts.

All money that is created and tracked in the ledgers of privately controlled central and commercial/retail banks is counterfeit, i.e. “fiat” money created from nothing, backed by nothing owned by the private bankers, a.k.a. fiat money.

Money has gone from being a physical asset medium of exchange to being a debt token to being a medium of expropriation of the nation’s productivity by the Bankers or legalized Banksters (Banking Gangsters). This is explained with full detail in “The Hidden History of Money”.

Franz Hörmann, Professor at the Economics University in Vienna, has explained the fraudulent workings of the fractional reserve banking system in an interview published in the mainstream Austrian newspaper, Der Standard, (Oct 2010) with extraordinary clarity indicating that information about the fraudulent banking system is now going mainstream:

"If one creates money out of thin air and then passes on what did not exist before, charging interest and using physical assets as collateral, then that is in reality a model for expropriation," he said.

When banks create money that is not backed by any assets of their own, it is referred to as “fiat” money, a.k.a. legalized counterfeiting. The process of creating fiat money by private bankers implies expropriation of everyone’s wealth and productivity by the private bankers who issue money against it. The national debt is in fact a record of how much bankers expropriated from The People.

Actually, the entire World banking system is a fraud as recently explained by Austrian Professor of Economics Franz Hörmann, University in Vienna:

"The current crisis stems from the banks. The banks [private central and commercial banks] invent money as part of the credit creation process. But if you create money out of thin air [a.k.a. countefeiting] and then pass it on to others while adding interest to something that did not exist before, and then also make physical assets the collateral, that is in reality a model for expropriation if the social model goes wrong. This is also the reason for bank secrecy rules. Banks are not in a position to reveal where the interest for savings books, property saving contracts and such like comes from and so show that it is all a complex pyramid scheme or ponzi game in reality."

Please note:

 all money in circulation, whether in the form of paper notes or in computerized ledger accounts, is created by private central and commercial banks, from nothing of their own as collateral, and is issued as a usury bearing debt to governments, corporations, and individuals  bankers are not liable for the money they issue, i.e. the whole world cannot come to the bankers and demand assets from the bankers in return for the money that they created from nothing as this money just keep circulating from bank account to bank account ad infinitum  the unit of currency, e.g. US$ is an undefined measure [up to 1913, a US$ was defined as 1/20th of an ounce of gold]  in order to pay the interest on the "borrowed" paper notes, governments, corporations, and individuals have to collect such notes, but as interest is paid, less and less money remains in circulation unless the bankers issue more, i.e. unless:
1. Bankers spend all money collected in interest immediately to buy goods and services
2. Or governments, corporations, and individuals borrow more from the bankers
3. or the bankers out of their “goodwill” create money and give it away
4. or the bankers out of their “goodwill” forgive debts and interest payments
5. or the bankers buy real assets, most likely at very low deflated prices with money which they create from nothing

In any case, not enough money remains in circulation to pay back the capital plus interest i.e. the Peoples are perpetually working for the bankers and are at the mercy of the bankers, a.k.a. BANKING GANGSTERS BANKENSTEINs.

President Woodrow Wilson, who was originally responsible for creating the federal reserve, later regretted that decision for obvious reasons, saying: “A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … *W+e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world–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 the duress of small groups of dominant men.”

This is just the first few pages of quite a long document . . . click HERE to download the whole thing.