|DEBT-INTEREST MONEY||INTEREST-FREE MONEY|
|Privately-owned U.S. central bank and banking system||You own – along with every U.S. citizen – the U.S. central bank and banking system|
|Blasphemies the God of the Bible||Honors the God of the Bible|
|Mathematically unsound, inflationary, unstable currency||Mathematically sound, non-inflationary, stable currency|
|Higher taxes/national debt||Lower taxes/no national debt|
|You spend $100,000s and $100,000s and more paying interest||No interest means $100,000s and $100,000s and more for you|
|Responsible for the coming global debt financial catastrophe||Saves us from the coming global debt financial catastrophe|
Money and the creation of money is a mystery to most. But after you read the next ten paragraphs that can’t be said of you. Just ten paragraphs, then, and you could be a spokesperson on TV about the superiority of interest-free money.
What is money? Money is a medium of exchange. That’s its sole and proper function — as a medium of exchange. In our modern day America we have credit cards, checks and money orders, coins, paper currency, and now a payment application on one’s smartphone to use as money. All money actually is, then, is nothing but a medium of exchange to make easy the buying and selling of the various goods and services in the marketplace. Money — that’s not backed by any commodity (like gold, silver, tobacco leaves, etc.) — has no actual value in and of itself. And that’s the way it should be. For money never needs to be commodity-backed because money should never have any value in and of itself — as that subverts the sole and proper function of money as a medium of exchange. It should only be left to the good or service itself to have the actual value in and of it itself. The value of that good or service you’re purchasing, then, is represented by a Dollar value. And that’s where money comes in as a medium of exchange where you trade a certain amount of your money for that good or service you want. When money is interest-free money and not commodity-backed, the sole and proper function of money as a medium of exchange is always maintained. Debt-interest money — whether commodity-backed or not — subverts the sole and proper function of money as a medium of exchange. With debt-interest money there’s now a profit that can be made off of money, and money ends-up becoming a commodity which destroys the function of money as a medium of exchange. When money is made into a commodity, money becomes scarce or plentiful like any commodity. And that’s wrong, very wrong!!! For now the economy can’t grow as it wants because there’s supposedly not enough (debt-interest) money or too much (debt-interest) money available: so that’s why interest rates are always fluctuating because money is too scarce or too plentiful. That’s what happens when money is destroyed as a medium of exchange and made into a commodity — which is just the nature of the debt-interest money beast. What rightfully determines, then, what our nation’s money supply should be? That, too, is the value of the goods and services themselves. It’s the value of the goods and services the American economy is and will be producing that rightfully determines what our nation’s money supply should be. And unlike debt-interest money, interest-free money allows the U.S. money supply to grow at whatever rate our (growing) U.S. economy needs.
With a publicly-owned U.S. central bank and banking system with its interest-free money there’s no more profit – interest — to be made off of money. You still, though, can make a profit off of anything else. But is that in your financial self-interest? It most assuredly is! – unless you’re a plutocrat. For really, how much money are you ever making over the course of your life playing the debt-interest money game compared to how much money you’re losing playing the debt-interest money game? Let’s figure it out. Certificates of deposit, bank stocks, U.S. Government Securities, municipal bonds, and interest on a savings/checking account: What’s that making you over the course of your life? It’s easily way less than a thousand dollars for most every U.S. citizen — or a few thousands of dollars or more for that ten percent of Americans with a pension fund. In any event, unless you’re net worth is in the millions of dollars, you’re certainly making less than ten thousand dollars over the course of your life playing the debt-interest money game. And how much is the debt-interest money game costing you over the course of your life? That answer is easily hundreds of thousands of dollars! What?!! You read that right. Because once all the money you’re paying in interest gets added up over the course of your life, you’re easily paying $100,000s and $100,000s and more in interest! For instance, whatever price is being paid by someone to be a homeowner, when that (debt-interest money) 30-year home mortgage loan is paid-off, the homeowner will have ended-up paying almost double the original sales price for that house because of interest! That’s a lot of money (unnecessarily) going out of anyone’s pocket. Take yourself for example. Think of all the money you’ve paid in interest on your previous loans along with all the money in interest you’re currently paying on the loans you have out. That’s a lot of your hard-earned money that’s gone and going toward interest payments. And it’s even worse than you think! That’s because our entire money supply is debt money which is always carrying an interest charge of some sort. What that means for you – the consumer — is that every good and service you’re ever purchasing during your life – groceries, medical care, clothes, electronics, household goods, etc. — has included in its price the various interest costs incurred by everyone who’d borrowed money along the production process. So, when you add-up all the (hidden) money you’ll have paid in interest on everything you’ve bought during your life along with all the money in interest you’ll have paid on the loans you’ve made during your life: it turns-out you’ll have easily spent hundreds of thousands of dollars on interest!! That’s $100,000s and $100,000s and more — and $100,000s more than that depending upon your (higher) income level and spending — of your hard-earned money you’re spending over the course of your life paying interest!! So for you – the consumer – 0% money means lowered prices on the goods and services the American economy’s producing because no longer is anyone along the production process paying any interest charge(s) for any of their borrowed money. Add, then, those interest-free money savings to all the interest-free money savings on all your loans – home mortgage, auto and other vehicles, credit card(s), student, personal, business — and you easily end-up with $100,000s and $100,000s and more for yourself over the course of your life to save or spend or invest as you want! How exciting is that?!! Who – but a fool, an un-American with their slave mentality, or a plutocrat – wouldn’t want that deal? There’s not even the tiniest bit of a question that interest-free money is so much more in your financial self-interest than debt-interest money.
Parasite: an organism that lives in or on another organism (its host) and benefits by deriving nutrients at the host’s expense.
A private banking system with its debt-interest money is a parasite upon the American economy. The following example will make this easy for you to see and understand. Let’s say, for example, you’re going to buy a newly constructed home priced at $225,000 – which is about the average national sales price for a new home. So you take out a home mortgage loan for $225,000 with a fixed interest rate of 5% for the next 30 years which translates to a monthly mortgage payment of $1207.85. Now, consider all the people who produced the materials for that new house along with all the people involved in the construction of that new house: all produced something of value. And, then, the privately-owned banking system becomes involved in loaning you the money to buy that new house. The result? Figuring in the interest payments you’ll be making over the life of the loan means the privately-owned banking system’s making about as much money ($209,826) off of you buying that house as all the people combined who actually labored to provide the materials and manpower to build that ($225,000) house! That’s a parasite in action. For all the private bankers have done is siphon off a sizeable portion of wealth for themselves at your expense. In other words: You’re paying a total of $434,826 — $225,000 principal plus $209,826 interest equals $434,826 – for that $225,000 house. That’s $434,826 you’re paying for that $225,000 house! Now, contrast that with a publicly-owned banking system where you’re rightfully recognized as the money-creating authority. First off, all the people who actually produced the materials and labor to build that new house are all still getting paid their money under a publicly-owned banking system with its constitutional interest-free money. And all you pay over the course of that 30-year interest-free home mortgage loan for that $225,000 house is a monthly mortgage payment of $625.00 plus a nominal service fee – like $10 or so a month – to pay the publicly-owned banking system’s cost for keeping track of your loan’s (monthly) repayment. That’s $228,600 (principal and the nominal $10 monthly service fee for 30 years) for that $225,000 house. (With a publicly-owned banking system: There’s no more price gouging on service fees. No more is any merchant price gouged by credit card transaction fees based upon a percentage of the sale. No more is someone without a bank account price gouged having to pay a percentage of their payroll check to have it cashed. With a publicly-owned banking system any and all service fees are nominal: small flat fees instead of percentages of totals.) Back, now, to the example of that $225,000 home mortgage loan. You decide. $1207.85 a month or $625.00 a month: which would you rather have as your monthly mortgage payment for that $225,000 home mortgage loan? Plutocrats: OUT; American people: IN. Remove the private-banking parasite and that’s how you get that $625.00 monthly mortgage payment for that $225,000 house under a publicly-owned banking system with its interest-free home mortgage loan money. So for those of you currently with a home mortgage loan: you’re in for some BIG monthly savings with interest-free home mortgage loan money.
Now, in order to justify why you’re getting so terribly screwed over in the above example for that $225,000 house, the private-banking parasites need you believing you’re borrowing other people’s money: that’s why you must pay some sort of interest payment in order for these other people to be compensated for the use of their money. That’s a total lie!!! Borrowing money from a bank isn’t at all like borrowing money from a friend. That money you’ve borrowed from your friend really does mean your friend doesn’t have the use of that money until you return it. Is that the same with a bank? No, it’s not the same with a bank at all! It’s a total lie that a bank’s loan money is actually someone else’s money. The truth: Private bank lending creates all the money for the loan out of thin air as checkbook money to lend to the borrower. Not that there’s anything wrong with creating money out of thin air because someone has to be the money-creating authority. What’s wrong is that you aren’t being recognized as the money-creating authority. Understand: There would be no need for the money supply to increase if it weren’t for you being here, and your need for money in the first place. So it’s actually you, then, who is the money-creating authority for the United States, not any bank. And don’t you want things working in your self-interest with you owning the money printing presses of the U.S. instead of having yourself made into an interest-paying slave to a parasitic (privately-owned) banking system? Plutocrats: OUT; American people: IN.
Another lie those against interest-free money will spread is that because it’s printing press money it’s going to cause inflation. First off, any interest-bearing U.S. Government Security is also a piece of paper that’s come off some printing press. That means inflation must be caused by something other than paper with numbers on it being used as money. Here’s the explanation. Unlike debt-interest money which is naturally inflationary, interest-free money is naturally non-inflationary. Why’s that? Answer: with an interest-free money system the total money supply created for the money loan (principal) and the total amount of money owed (principal only with interest-free money) is always in balance. A debt-interest money system, on the other hand, never creates the money for the interest payment. For instance: The $209,826 you ended-up paying in interest charges in our example for that $225,000 home mortgage loan, that interest payment money was never created – only the money for the principle ($225,000) was created by the privately-owned banking system. And that’s how it is for every debt-interest money loan. It’s this built-in shortage of money between what’s owed (principal and interest) and the money actually created for what’s owed (principal only) which locks the debt-interest money system into a viscous cycle where one’s money is constantly losing some of its purchasing power. In other words, because there isn’t enough money in the system to pay both principal and interest means you owe more money than your Dollar is worth. Then, when the money supply grows, the new debt-interest Dollars added to the money supply devalues even further the existing debt-interest Dollars already forming the money supply triggering the (never-ending) currency devaluation cycle anew. Steadily rising prices and a growing debt-interest money supply are symptoms of this loss of purchasing power. In fact, our U.S. Government measures the increasing price of goods and services and the corresponding decline in the purchasing power of the Dollar by the Consumer Price Index (CPI). You can type in: Consumer Price Index for your own internet search to see that the CPI shows that someone living in the U.S. now needs about $25 to pay for the same amount of goods and services that would’ve cost about $11 thirty years ago. The actual cause of inflation, then, is debt-interest money itself! Debt-interest money ISN’T mathematically sound and ISN’T non-inflationary because of this built-in shortage of money between what’s owed (principal and interest) and the money created for what’s owed (principal only). Interest-free money, on the other hand, IS mathematically sound and IS naturally non-inflationary because what’s owed (principal only) and the money created for what’s owed (principal only) is always in balance. And what such balance results in is a mathematically sound and stable currency where a Dollar is always worth about a Dollar today, tomorrow, fifty years from now. Plutocrats: OUT; American people: IN.
Now, while interest-free money isn’t naturally inflationary, interest-free money isn’t inflation-proof. Recall that it’s the goods and services the American economy is producing and will be producing that rightfully determines what the money supply should be. So, yes, our U.S. Congress will still have the opportunity to devalue interest-free money by spending more money than the American economy actually needs. Two points to make. First, the threat of debt has no more stopped the Congress from going hog wild borrowing the money it spends than if the Congress were creating its own constitutional interest-free money to spend. The same righteous anger against waste, fraud, and mismanagement that motivates Congress to act as it does now spending money it must borrow, that same spending discipline against waste, fraud, and mismanagement would every bit as much govern Congress with its spending of interest-free money. Secondly, as you know: debt-interest money is just naturally inflationary. That’s just the nature of the debt-interest money beast. In other words, there’s absolutely no chance – zero – of a stable currency with debt-interest money. Interest-free money, though, is an inherently stable currency. So even if the U.S. Congress starts screwing-up things and devaluing a naturally stable currency as interest-free money is, the inflationary harm with interest-free money isn’t as great as it is with debt-interest money. By the way, historical examples of one in some reeling economy needing a wheelbarrow full of money to buy a loaf of bread are always examples involving debt-interest money, not interest-free money. Yes, there’s another form of inflation called price inflation which is the result of too much money chasing too few goods. But when there are unemployed workers and materials available, adding interest-free money to the economy doesn’t cause price inflation; but, instead, puts the unemployed and underemployed to work producing more goods and services for a growing American economy. In addition, to prevent price inflation, as you’ll see in 8. of The Abraham Lincoln Banking Act: There’s a limit of one interest-free money home mortgage loan per U.S. citizen/family, and one transportation vehicle per U.S. citizen of driving age. It’s the United States Treasury — utilizing sound banking principles — who’ll determine what down payment requirement(s), monthly repayment schedule(s), and monthly repayment amount(s) are necessary for its interest-free money loans. That’s not to say you can’t own more than one home or car. Keep in mind that because of the huge money savings you’ll be enjoying with interest-free money means you’ll have the ability on your own to save significant amounts of money rather quickly over time. In addition, public banking is a flexible system. That second home per U.S. citizen/family or second transportation vehicle per person could require a substantial down payment as determined by the U.S. Treasury – in order to maintain sound financial practices – with the remaining balance being qualified for interest-free money with a shorter rather than longer repayment schedule when necessary. While a tool that a debt-interest money system uses to combat price inflation is raising interest rates: High down payment requirement(s) and/or shortened repayment schedule(s) and/or higher monthly repayment amount(s) are the tools an interest-free money system uses to keep price inflation in check. Interest-free loan money is restricted to the purchase of consumer goods and services for personal/business use and cannot be used as investment or gambling money. With interest-free money: An individual’s personal savings are what one uses for investment or gambling money. While prices for goods and services will still be going up and down with interest-free money, such price changes are now solely based upon the law of supply and demand. In regards to price stability: Interest-free money absolutely allows for such an economic condition — unlike debt-interest money.
It’s important for you to realize this about a debt-interest money system: Someone – an individual, a business, or the Government: local, state, federal – must go into debt for the money supply to grow. With an interest-free money system: There’s no such thing as Government “deficit spending”. Hard economic times doesn’t affect an interest-free money system as it does a debt-interest money system. An interest-free money system, by its very nature, always allows the U.S. Government to maintain maximum flexibility in its budgeting. Balancing the federal budget, then, becomes a matter of practical administration for the U.S. Congress with an interest-free money system. Referring you back to a sentence in that quote you’d read before by President Lincoln: “The financing of all public enterprises and the conduct of the Treasury will become matters of practical administration.” So while grinding the U.S. economy to a slow crawl in order to balance the federal budget is a real possibility with a debt-interest money system, that scenario doesn’t exist with an interest-free money system. Why’s that? That’s because interest-free money isn’t feeding-off the economy like debt-interest money does; but, is rather feeding the economy. Interest-free money, then, allows the U.S. economy to grow at whatever rate the industriousness of the American people dictates. I’m telling you: We’re going to be in for such a national prosperity with interest-free money! You want to see what a full employment U.S. economy looks like? Well, here it comes with us using interest-free money for our U.S. money supply.
And, finally, in regards to the chart and interest-free money meaning lower taxes and no national debt and saving us from the coming global debt financial catastrophe. Know this: The money-creating authority can never be in debt. The debt of the (privately-owned) Federal Reserve? — $0. The debt of our United States Government is now near or past $20 Trillion Dollars as you read this. We – the American people – and our U.S. Government could enjoy such a debt position as the Federal Reserve by taking back our money-creating authority. That’s what President Lincoln did. He simply eliminated this totally unnecessary step of giving away the money-creating authority of the American people to private bankers to then borrow back. Over the course of the Civil War, President Lincoln had the U.S. Government spend into circulation about $450 Million Dollars worth of constitutional interest-free money. So not only did President Lincoln win the war with constitutional interest-free money, he also didn’t incur any national debt. The day we begin, then, living under a publicly-owned banking system with its interest-free money is the day our national debt stops. We will say, then, our national debt has stopped at $20 Trillion Dollars. At that time, there’ll be an audit of the Federal Reserve to determine how many trillions of dollars of that $20 Trillion Dollars is owed to the Federal Reserve itself. Now, since those trillions of dollars was never anyone’s earned money; but, rather, was money created out of thin air by the Federal Reserve itself: those trillions of dollars comprising that portion of the national debt can be wiped-off the books. The remaining portion of the national debt, then, was paid by someone’s earned money. So when those U.S. bonds and securities and treasury bills comprising that portion of the national debt come due for payment: they’re paid-off — principal and interest — with U.S. Treasury-issued interest-free money. Now, since this is interest-free money being used: our national debt is now always going down. In the meantime, our Dollar is now regaining its value. So that when the day arrives when our national debt is paid down to $0, the value of our Dollar will once again be about a Dollar. Also realize that as our national debt goes down, the interest payment on the national debt is also going down which means lower taxes for every federal-taxpaying U.S. citizen. In addition: It’s the establishment of a publicly-owned banking system with its godly and constitutional interest-free money that protects us from the worst of that (debt-money) financial catastrophe that’s on the way. A publicly-owned banking system means the only financial instrument now backed by the U.S. taxpayer is the interest-free U.S. Dollar.
There you have it: the chart comparing debt-interest money to interest-free money explained – as promised – in ten paragraphs. And I congratulate you, because I’m confident no debt-interest money scam artist could possibly talk you out of your God-given and/or constitutionally-given right to interest-free money. For you now know beyond any doubt that interest-free money is the superior money compared to debt-interest money. Make a mental note of that right now. You’ve read the information so you now know beyond any doubt that interest-free money is the superior money compared to debt-interest money. You therefore now want – and will settle for nothing but – interest-free money. Plutocrats: OUT; American people: IN.
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