One of the most remarkable admissions by a banker concerning the mysteries of his profession was made by Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920's. Speaking at the University of Texas in 1927, he revealed:
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was every invented. Banking was conceived in inequity and born in sin . Bankers own the earth. Take it away from them but leave them the power to create money, and with a flick of a pen, they will create enough money to buy it back again . Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in . But if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit."
Exodus 22:25 "If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest.
Deuteronomy 23:19 Do not charge your brother interest, whether on money or food or anything else that may earn interest.
Leviticus 25:37 You must not lend him money at interest or sell him food at a profit.
Nehemiah 5:10 I and my brothers and my men are also lending the people money and grain. But let the exacting of usury stop!
Ezekiel 18:13 He lends at usury and takes excessive interest. Will such a man live? He will not! Because he has done all these detestable things, he will surely be put to death and his blood will be on his own head.
An important review of how the International Banksters have worked their wiles on us naive citizens...It is time to rise up and remove them and TAKE what they have taken from us..>JRN
------ Forwarded Message
From: Olga Scully <firstname.lastname@example.org>
Date: Tue, 17 Jun 2008 23:28:08 +1000 (EST)
Subject: [Fwd: Compound Interest....Financial Weapon of Mass Destruction]]
---------------------------- Original Message ----------------------------
Subject: Compound Interest....Financial Weapon of Mass Destruction]
From: "Henri Ayre" <email@example.com>
Date: Mon, June 16, 2008 4:46
To: "AA Henri the Celt" <firstname.lastname@example.org>
"Dr. Quigley, who was Bill Clinton's mentor at Georgetown University,
said the aim of the international bankers was "nothing less than to
create a world system of financial control in private hands able to
dominate the political system of each country and the economy of the
world as a whole," a system "to be controlled in a feudalist fashion
by the central banks of the world acting in concert, by secret
A Must Read...
Financial Weapon of Mass Destruction
Around 1980, when interest rates were soaring, Johnny Carson quipped on
The Tonight Show that "Scientists have developed a powerful new weapon
that destroys people but leaves buildings standing - it's called the 17%
interest rate." Compound interest is the secret weapon that has allowed a
global banking cartel to control most of the resources of the world.
The debt trap snapped shut for many countries in 1980, when international
interest rates shot up to 20 percent.
At 20 percent interest compounded annually, $100 doubles in under 4 years;
and in 20 years, it becomes a breathtaking $3,834.6
The devastating impact on Third World debtors was underscored by President
Obasanjo of Nigeria, speaking in 2000 about his country's mounting burden
to international creditors.
He said: All that we had borrowed up to 1985 was around $5 billion, and we
have paid about $16 billion; yet we are still being told that we owe about
That $28 billion came about because of the injustice in the foreign
creditors' interest rates. If you ask me what is the worst thing in the
world, I will say it is compound interest.7
What bankers call the "miracle" of compound interest is called "usury"
under Islamic law and is considered a crime. It was also a crime under Old
English law until the sixteenth century, when Martin Luther redefined the
offense of "usury" to mean the taking of "excess" interest.
Modern Islamic thinkers are not averse to a profitable return on
investment when it takes the form of "profit-sharing," with investors
taking some risk and sharing in business losses; but the usurer gets his
interest no matter what.
In fact he does better when the borrower fails.
The borrower who cannot afford to pay off his loans sinks deeper and
deeper into debt, as interest compounds annually to the lender.
The debt trap that snapped shut in 1980 was set in 1974, when OPEC was
induced to trade its oil only in U.S. dollars. The price of oil then
suddenly quadrupled, and countries with insufficient dollars for their oil
needs had to borrow them from international lenders.
By 2001, enough money had flowed back to First World banks from Third
World debtors to pay the principal due on their original loans six times
over; but interest had consumed so much of those payments that the total
debt had actually quadrupled.8
In 1980, median income in the richest 10 percent of countries was 77 times
greater than in the poorest 10 percent.
By 1999, that gap had grown to 122 times greater. In December 2006, the
United Nations released a reported titled "World Distribution of Household
Wealth," which concluded that 50 percent of the world's population now
owns only 1 percent of its wealth, while the richest 10 percent of adults
At interest compounded annually, the debts of the poorer nations can never
be repaid but will just continue to grow.
The Private Global Banking Scheme
It is this debt scheme, with its lethal weapon of interest compounded
annually, that has allowed a small clique of financiers to dominate the
business of the world.
In Tragedy and Hope, Professor Carroll Quigley wrote from personal
knowledge of this financial clique, which he called simply "the
Dr. Quigley, who was Bill Clinton's mentor at Georgetown University, said
the aim of the international bankers was "nothing less than to create a
world system of financial control in private hands able to dominate the
political system of each country and the economy of the world as a whole,
" a system "to be controlled in a feudalist fashion by the central banks
of the world acting in concert, by secret agreements."9
The key to the bankers' success was that they would control and manipulate
the money systems of the world while letting them appear to be controlled
Most countries have now been brought into this private global banking
scheme, with most of the world's money being created by commercial banks
in the form of interest-bearing loans. In the United States today, the
only money created by the government consists of coins, which compose only
about one one-thousandth of the total money supply.
Federal Reserve Notes (dollar bills) are created by the Federal Reserve,
a private banking corporation, and lent to the government. The vast bulk
of the money supply, however, is created when commercial banks make loans.
They do this by double-entry bookkeeping: the sum of the borrower's
promissory note is simply credited as a deposit to the borrower's account
and offset with a matching liability on the bank's side of its books.10
Money creation is now a private affair in most other countries as well.
Even where the central bank is technically state-owned, as in the United
Kingdom and Canada, the central bank creates only the paper currency of
the nation, leaving most of the money supply to be created by commercial
banks as compound-interest-bearing loans.11
The alternative to this independent "central bank" system is what used to
be called "national banking." A state-owned central bank issued the
national currency as an agent of the government, and the government spent
the money or lent it into the economy for internal development and public
needs. The "seigniorage" on this money -- the difference between the cost
of creating it and its face value - accrued to the government, which got
the money debt- and interest-free.
The goal of the international bankers was to privatize this system and
bring it under their control. The central bank would still create the
national money supply, but it would lend the money to the government,
leaving the government with a massive debt on which it owed interest. Once
caught in the debt web, the government could then be induced to privatize
other assets, making them available for purchase and control by
international finance capital.
At a 1968 meeting of the secretive globalist group known as the
Bilderbergers, a U.S. official named George Ball spoke of creating a
"world company." Ball was U.S. Undersecretary of State for Economic
Affairs and a managing director of banking giants Lehman Brothers and Kuhn
The "world company" was to be a new form of colonialism, in which global
assets would be acquired by economic rather than military coercion. The
"company" would extend across national boundaries, aggressively engaging
in mergers and acquisitions until the assets of the world were subsumed
under one privately-owned corporation, with nation-states subservient to a
private international central banking system.12
Before World War II, the head of this private global banking system was in
England; but it moved to Wall Street with the economic ascendancy of the
United States. Under the Bretton Woods Agreements, the U.S. dollar became
the world's "reserve currency" along with gold.
In 1971, President Nixon took the dollar off the gold standard, and the
dollar became the world's reserve currency without that tether. U.S.
lenders could create and lend dollars to whatever extent the world could
be induced to borrow them.
To insure that the lenders got their interest, in the late 1970s the World
Bank and International Monetary Fund began imposing "conditionalities" on
loans to Third World debtors, requiring them to open up their capital
markets, slash spending on social programs, and privatize their
Meanwhile, speculative attacks on local currencies that had been left to
"float" in foreign exchange markets without the tether of gold caused
radical currency devaluations, allowing foreign investors to pick up these
privatized assets at bargain basement prices.