IN 1787, John Adams wrote to Thomas Jefferson:

“All the perplexities, confusion and distress in America arise, not from defects in the Constitution, not from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.”

This downright ignorance is probably worse today. The vast majority of Americans do not understand that the consortium of private banks that constitute the Federal Reserve System create money and charge interest for it. Instead of money being a token of exchange, it is a profit-making instrument in the hands of a few. This system of what the author E. Michael Jones calls “state-sponsored usury” necessarily leads to debt slavery, centralized government and monopolistic control of the press. The American colonists went to war to protect their right to make and control the money supply. That freedom was later relinquished by the American government.

“In the Colonies we issue our own money,” said Benjamin Franklin. “It is called Colonial Scrip. We issue it in proper proportion to make the products pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”

Here is brief history of banking in America by Alain Pilote, which I offer as a primer on the subject. Pilote wrote in 1985:

The bankers’ dictatorship and their debt-money system are not limited to one country, but exist in every country in the world. They are working to keep their control tight, since one country freeing itself from this dictatorship and issuing its own interest- and debt-free currency, setting the example of what an honest system could be, would be enough to bring about the collapse of the bankers’ swindling debt-money system worldwide.

This fight of the International Financiers to install their fraudulent debt-money system has been particularly vicious in the United States of America since its very foundation, and historical facts show that several American statesmen were well aware of the dishonest money system the Financiers wanted to impose upon America, and of all of its harmful effects. These statesmen were real patriots, who did all that they possibly could to maintain for the U.S.A. an honest money system, free from the control of the Financiers. The Financiers did everything in their power to keep in the dark this facet of the history of the United States, for fear that the example of these patriots might still be followed today.

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