Page 129 - Fruits from a Poisonous Tree

Mel Stamper 113

Our Secretary of the Treasury is both the receiver in that bankruptcy
and the Governor of the International Monetary Fund. This organization,
made up of international bankers, pays the Secretary’s salary, not us. Doesn’t
that make him an agent of a foreign power? You bet it does, and I can assure
you that the Honorable Secretary has the best interests of the bankers in
mind and not that of We the People. If he is an agent of the International
Monetary Fund, then are not his sub-agents the IRS also foreign agents? You
bet they are. By law, a foreign agent who does not file as such is committing
a felony. (Section 64 of Title 22 of the United States Code) You now know
how the FED creates money with the stroke of a pen. Now I will explain
mankind’s eternal curse – usury, commonly known as interest.
Many civilizations have lived productive lives on this earth having no
knowledge of interest or the repayment of money loaned. Men such as
Jebidiah’s sons developed the concept of usury in order for them to get rich
on their brethren’s labor. Usury is illegal in the Moslem world and punishable
by death if detected.
Outlawed in Europe and other continents for over three centuries, the
penalty for anyone charging interest was severe: sometimes the death penalty
was administered to those lazy and greedy loan sharks who wished to inflict
usury on their neighbors.
How I long for the good old days once again!
William Patterson, an English banker, coined the term “interest” in the
year 1694. The Crown, in need of additional revenue sources, gave license to
Patterson to form his private bank. The Crown would authorize the money
and the credit provisions of usury for the innocent English citizen.
This is a fair representation of what happened next. The first month that
Patterson opened his bank, he made loans to ten farmers who needed the
money to buy seed stock, livestock and supplies. The farmers borrowed one
hundred pounds for one year at an interest rate of six percent. That was simple
interest, as the concept of compound interest had not as yet been visualized.
After one year the farmer was required to repay the hundred pounds plus
the interest of six pounds. The only problem was that Patterson had created
only a thousand pounds, and some of the farmers, although able to repay the
original hundred pounds, were unable to come up with the additional six
pounds. They tried to borrow it from some of the other farmers, but they too
were having difficulty trying to find the interest.
One of the farmers had died and Patterson had taken the farm as the
security for the loan. The deceased farmer’s family had used some of the
money to live on and was holding on to the rest of it because now they had no
provider. So, in the village, there were some of the farmers who were able to
sell products or services to the deceased farmer’s family for some of Patterson’s