Origin of National Debt Is Detailed
The invention of private banking started back in Babylon in 648 B.C. This is the type of banking we use today. The founding father was Jacob Egibi. Jacob started lending out money at a rate of interest.
After about 70 years others learned this evil business practice and begin to set up shop. A good example of this are the moneychangers which Jesus Christ threw out of the temple and was crucified four days later.
The year that doomed the world’s economies was 1694. Why? Because the government of King William III was in desperate need of money. When learning of this, a man named William Patterson put together a cartel of wealthy men. Patterson and his cronies agreed to loan the king approximately 6 million dollars at 8 percent interest per annum on the condition that the king grant two things.
He would grant Patterson and his cronies a charter which would name them “The Bank of England,” and the bank would have sole and exclusive right to issue notes to the fullest extent of its capital.
The people were complaining about the gold and silver on its heaviness, so the bankers quickly came to the rescue, by using pieces of paper to represent pieces of gold or gold certificates.
The King granted the Bank of England the right to print the money necessary for the people and the government. If they needed more money, they just printed it. By the end of four years the British government owed $16 million to the Bank of England.
The Second Date of Infamy was in 1773, when goldsmith Mayer Amschel Bauer summoned 12 wealthy men to his place of business in Frankfurt, Germany. He told the men that if they pooled their resources, it was possible to gain control of the wealth, natural resources, and manpower of the entire world.
The plan was put into operation and eventually Bauer aligned himself with Adam Weishaupt, who was founder of the Illuminati, whose aim was and still is world domination. Bauer later changed his name to Rothschild. Rothschild had five sons he dispatched to a major city in Europe to establish a branch of the Rothschild banking firm: Frankfurt, Vienna, London, Naples, and Paris. By 1850, the Rothschilds represented more wealth than all the families of Europe.
The Americans had won their political independence but their financial independence was in jeopardy. The international bankers had an agent in place and his name was Alexander Hamilton. Thomas Jefferson lobbied against the central bank, stating it was contrary to the Constitution. However, a central bank was formed anyway, known as the Bank of North America.
By 1836 the bank charter expired but this was not the end of the international banking influence in this country. The Civil War was planned in England as far back as 1809. Slavery was not the real cause of the Civil War. The Rothschilds (who were heavy into the slave trade) used the slavery issue as “a divide and conquer strategy” which almost split the United States in two. The Bank of England financed the North while the Paris branch of the Rothschild bank funded the South. In 1863, the National Banking Act was passed despite protest by President Lincoln. This act allowed a private corporation the authority to issue our money. But you won’t learn about this in your neighborhood Socialist School.
By 1913 the final nail was driven into the coffin. Congress passed The Federal Reserve Act of 1913 and it was signed by traitorous Woodrow Wilson. America once again had a central bank but this time they had placed America under an absolute dictatorship.
The Federal Reserve was incorporated in 1914 and has been creating a completely unnecessary national debt ever since. In simple terms, the Fed creates money as debt. They create money out of thin air by nothing more than a book entry. Whenever the members of the Fed make any loans, that debt is our money supply. The United States went bankrupt in 1938 because of this system. It took the Fed only 25 years to bankrupt the U.S.A. Today we are over a staggering $14 trillion in debt. There is no real money in circulation.