November 2, 2005 journal, our money system part one, your dollar bill is a lie by Stephen Yates from The Times Examiner. October 19. "You are a den of vipers, I intend to rout you out and by the Eternal God, I will route you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morn-ing". Andrew Jackson, 1828 (to a group of investment bankers trying to persuade him to renew their charter). Last week while undertaking the Web surfing that is part of my daily routine I ran across an article by one John Kaminski, an online author I had previously en-countered. The article is located at <rense.com/general67/kam3.htm> and was published on or around the fourth of this month. He gave me a lot to think about. Kaminski's topic is the prevalence of lies in today’s culture and especially in today's media. Lies relating to the 911 attacks, for example; Kaminski is one of those folks who believes someone in our government knew that they were coming. The truth, if truth this be, would be very costly to this someone-possible to the B-u-sh-regime itself. But this is just tangential to Kamin-ski's main point: lies are where the money is. "There's simply no money in the truth," he writes. "That's why we stopped getting it. Yet, you can't tell us money does not matter when we've all very hungry. If you don't have any money, preaching what you think is the truth is not the way to get it... I’m probably as close to broke, living from check to check, as Kaminski implied he is!... I have been writing things down for as long as I remember. My parents tell me I was going doing it when I was a small child. Most of my efforts are directed at telling the truth, for anyone who happens to be interested in hearing the truth. I've occasionally experimented with fiction. I've long wanted to write a novel… Money has become a national religion of sorts. People and institutions worship it like a surrogate god. They have little choice. No one has enough of it; thus the need to grasp more of it or budget it very carefully what we have stands at the center of out lives and our institute-ions. Money issues encircle us, whether we have it or not. This includes those being paid far better than I am. We are not talking about taking vacations every weekend, or eat at a swanky restaurant every night, or who buy a new SUV every year. Frankly, I don't know anybody who does that. I am starting to wonder if such people really exist, or if they are part of the edifice of lies. The irony is, our money system is the biggest lie of all. It isn't really money at all, but pieces of money with numbers and the phrase legal tender printed on them. Take a dollar bill from your wallet-if you have any dollars left after paying your bills and your taxes-and look at it closely. At the very top you see the phrase Federal Res-erve note. Then, beneath that, the United States of America. In small print: this note is legal tender for all debts, public and private. Beneath George's picture, at the bottom: $1. Long ago, when our fiat money was backed by gold, you would have seen different things. Imagine your grandfather undertaken the same project, examining a dollar from his pock-et. Suppose the year was 1910. The dollar would not have said Federal Reserve note be-cause there was no Federal Reserve. What he would have been looking at would have been a real honest to God dollar! Just the name Federal Reserve is a 2 fold lie. The Federal Reserve is not federal and does not have any reserves. Many people believe the Federal Reserve is part of the federal government. It is not. It is a cartel of private central banks, many of them foreign-owned. Working in tandem with the U.S. Treasury Department, the Federal Reserve is a key institution of the Euro-American power elite. It has never been audited, nor had its books scrutinized by ordinary mortals. For a startling and very detail-ed account of the origin and history of our banking system, I recommend Edward Griffin's treatise The Creature From Jackal Island. You might also read Murray Rothbard’s short work The Case Against the Fed for an incisive argument why a genuinely free economy does need a central bank. But back to your grandfather's dollar. What would he have seen on it? Among other things, the phrase Will pay to bearer on demand just above $1. This indicated that the slip of paper wasn't really the bearer of value; it was a receipt indicating the bank had repository a dollars worth of gold that would be redeemed at his demand. This phrase disappeared from the dollar. Not right away, of course, if we look at, say, a 1928 dollar, the phrase Federal Reserve note will be found at the top and Will pay to the

bearer on demand will still be found above $1. The Federal Reserve had only begun to change the nature of money. For at an appropriate place in between the two we find the statement, redeemable in gold on demand at the United States Treasury or in gold or law-ful money at any Federal Reserve Bank. But recently I ran across a representation of a 1929 dollar. This last phrase has changed. We see, redeemable in lawful money of the United States at United States Treasury or at the Bank of Issue. The reference to gold is gone! There is no mention of legal tender on any of these. Now consider a 1934 dollar. The 1934 dollar has become legal tender: it says, this note is legal tender for all debts pub-lic and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank. Interestingly, this was right after the stock market had crashed and the country had spiraled down into the Great Depression (the best account of which is still and will probably always be Rothhard’s America's Great Depression). Now compare that description with the dollar you took out of your wallet-again, if you had one. This dollar bill says nothing about redeemability because it is not redeemable for anything. It is a note to pay nothing. The phrase Will pay to bearer on demand is gone. Having been a Water-gate-era teenager, I am old enough to recall when this phrase disappeared. It was 1971, the year Richard Nixon took the money system completely off the gold standard and said, "We are all Keynesians now." The reference is to John Maynard Keynes. Many of econo-mists consider keynes to have been the greatest theoretician of their trade who ever lived, which says more about them than it does about Keynes. Keynes own words, back in 1920, testify to ulterior motives. "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a matter which not one man in a million is able to diagnose" Keynes a member of the Fabian Society a socialist organization originating in Great Britain in early 1880's and later a member of the Council on Foreign Relations, despised the ‘laissez faire’ system that had built this nation in its early history, the remnants of which had given rise to the relative prosperity of American middle-class. Laissez-faire economics is incompatible with the centralization and control, so the inter-national bankers set out to sabotage and destroy it. They did so by destroying little by little, the value of its currency. Mainstream 20^th century economics rationalized this destr-uction and surrounded the rationalization with an edifice of impenetrable mathematical technique. Economist immersed themselves in what historian and philosopher of science Thomas S. Kuhn would later call a paradigm in his (the structure of scientific revolutions). Almost no trained economists would recognize the truth, non-economist would be put off by the complex tables, charts and graphs that wouldn't try to find it. The trick worked. Al-most everyone assumed that economics was a mystery beyond the ken of ordinary mortals. That dollar you were looking at is a lie. It is backed with nothing. The only thing going for it is the legal tender phrase-the fact that the government and the Bank's accept it and will jail anyone attempting to introduce a different form of currency. It also has going for it, people's tacit consensus about its value. That your dollar is really worth a dollar is part of what we might call our consensus reality. Indeed consensus-reality is not for lack of a better term real reality. It results from a group agreement-a consensus-backed up in this case by civil authority, but not correspondence with fact. To see the difference, just real-ize that hundreds of years ago, people agreed-and were backed up by the authority of the church which was then coexistence with civil authority-that the earth was at the center of the universe, this was their consensus reality, which certainly seem to fit their experience. They were wrong. Because experience notwithstanding, their consensus reality did not accord the fact. Neither does ours today, regarding money. Experience, agreement and civil authority notwithstanding. Consensus-reality might be called by its proper name: ignorance. Perhaps surrounded by lies, when somebody asks the wrong questions. So what is the "real deal"? To jump ahead, the "Real Deal" is that we are in real trouble, and it's getting worse everyday. It is common knowledge that wages have not kept up with inflation (debauched currency chasing the same amount of goods and services;) this is why none of us has any money. Real, inflation-adjusted wages have been falling for these three decades relative to the cost-of-living. In an average family of 4, both parents have to work to pay the bills. Our savings rate has gone negative. Late payments on credit cards have reached all-time highs. Credit card companies, meanwhile, are raising their minimums and raising penalties on those who pay late in the form of higher interest rates-more fiat money in bankers pockets. A new federal law going into effect this month makes it harder to de-clare bankruptcy and have your debts erased; thus, declarations of bankruptcy is also at an all-time high. With some 13,000 per day by the end of September!-average family of four is thousands of dollars in debt, particularly if it contributed to the irrational housing boom, which is very possible the only thing keeping our economy afloat. I wonder if we will see the return of debtors' prisons-or, more likely, labor camps for a new underclass of indent-ured servants confined until members have worked off their debts, assuming that is poss-ible. Our national debt, meanwhile is zeroing on 8 trillion dollars-it might have reached.. by now. And this is just one component of our total indebtedness, of which is at least 10 times higher if not more. Behind our dilemmas stands the cartel of international investment bankers-The Euro-American power elite-in the shadows behind such front organizations as the CFR, destructive trade accords such as NAFTA and CAFTA and so on. The biggest lie of all is the one claiming that the consolidation of power at the center that has develop-ed over the past century is a mere historical accident. The fiat money system didn't happen by accident; it was deliberately created. By progressively impoverishing hardworking Am-ericans through inflation, it makes full participation in our political system almost impossi-ble for many. You are not in a position to contribute meaningfully or even vote intelligent-ly if you are either at work or asleep! This all helps further the power elite’s goals of aboli-shing the constitution and taking us toward a world government, ruled by the power elite as a kind of high-tech neo feudalism. In the new world order as its minions envision it, there will be no American middle-class. The power elite sees itself ruling over a perman-ently cash strapped "global work force" of human cattle. Today's governments schools think school-to work, workforce investment and no child left behind untested, are already preparing the way by teaching job skills but not history, logic or economics in any meanf”