PURPOSES OF THE DECEPTION THAT INFLATION IS CONTROLLED BY INTEREST (USURY)
But the whole scheme of the Federal Reserve Bank, with its commercial paper basis, is an impractical, cumbersome machinery — is simply a cover to find a way to secure the privilege of issuing money and to evade payment of as much tax upon the circulation as possible — and then to control the issue, and maintain instead of reduce, interest rates.
It is a system that, if inaugurated, will prove to the advantage of the few, and the detriment of the people of the United States. It will mean further extension of credit — for when there is a lack of money, people have to borrow credit, to their cost.
Mr. Alexander Lassen, before the Senate Banking and Currency Committee, 1913, as cited by Congressman Louis T. McFadden on June 10, 1932, in concurrence with the thesis of this material that interest inherently multiplies debt.
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The penalty good men pay for indifference to public affairs is to be ruled by evil men.
Thursday, August 9, 2007
PURPOSES OF THE DECEPTION THAT INFLATION IS CONTROLLED BY INTEREST (USURY)
Interest perpetually drives costs upward, as the costs of servicing a perpetually multiplying sum of debt otherwise negate solvent profit margins. Yet as prices rise or industry "grows," we are perpetually told that interest rates have been raised to "cool overheated growth," or to arrest "inflation."
Each treated condition is expressed as an adversity: vigorous growth is purportedly so undesirable that interest rates should be raised to arrest it; likewise, vigorous restoration of profit margins ostensibly should be extinguished.
Why?
Obviously, if interest both multiplies debt and represents the cost of vital credit, we should question how elevated interest rates can possibly benefit us. How is it a service that interest rates are perpetually adjusted upward so much as always to arrest vigorous growth or restoration of profit margins?
If of course we should intend both to grow and to maintain profit margins at least so much as to sustain ourselves against the multiplying costs of artificial indebtedness, the question is merely rhetorical, why the profit of an imposed, privatized currency is pushed upward to its tolerable limits.
The very matter of our rhetorical question tells us how the pretended service to us is simply a formula for maximized unearned taking. By maintaining interest rates so high that we just tread water, the profits we would restore to ourselves by growth or solubility are simply transmitted to the unassented central bank.
"To find the players in all the corruption of the world, 'Follow the money.' To find the captains of world corruption, follow the money all the way."
mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)
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WHY INFLATION ITSELF IS A LIE; WHY IT IS IMPOSSIBLE TO SOLVE THE REAL CONSEQUENCES OF A CURRENCY SUBJECT TO INTEREST
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