Page 130 - Fruits from a Poisonous Tree

114 Fruit from a Poisonous Tree

money and to repay the loan principle and interest. There were six farmers
who could not come up with the interest. Patterson foreclosed on their farms
and, under the protection of the Crown (for the King’s unlimited credit),
became the first central bank. Patterson realized that if he did not create any
more money than he loaned out for the debt interest of the borrower, a large
percentage of his customers would not be able to repay the loan and he could
take their property at great profit to himself.
If you were to take this example and apply it to our present time,
multiplied by the trillions, you can quickly see why the national debt will
never be repaid.
The money for the repayment has never been created, and if they were
to print money for it, that created money would have no money created
to pay it off. This monstrous system is perpetual in its destruction. It has
destroyed entire nations. The time has come for We the People to understand
the system and demand a stop to this dishonest finance forever.
I prepare many bankruptcies each year. The large majority of these
are the result of credit card purchases and abuse. The interest on the debt
compounds itself, and the lender loves it when you pay only the minimum
payment each month. Once caught in the interest trap of credit cards, the
only way out for many is to file bankruptcy, but Congress has passed new
legislation that will not allow for an individual to remove his credit card debt
through bankruptcy. Credit cards should be made illegal, and our nation
must return to the honest and Constitutional no-interest Treasury note, or
we will not survive into the new millennium as a free people.
At exactly 6:00 p.m. on December 23 , 1913, three United States
rd
Senators who had been recruited by Colonel House to commit treason voted
into law the Federal Reserve Act of 1913 by voice vote only. America had
been betrayed. Our Founding Fathers must have rolled over in their graves
with anger. America was on a fast track to financial destruction. At the time of
the FED’s creation there was no National debt, and now we are approaching
debt in the unbelievable amount of ten trillion dollars.
I was discussing a newspaper article with a friend who was concerned
with what the paper described as the reason the Federal Reserve was going
to replace the existing money with new issue notes. The reason given in the
article was that Iran was in the counterfeit money business and the new
currency would put an end to their plans. My friend believed that the paper
was correct in the given explanation that if this were not done, the phony
money would wreck our economy.
The newspaper and my friend would have been correct if the Federal
Reserve notes were indeed backed by gold held by the Treasury. But the FED