Commentary - 10/01/2007

A REAL Solution To REAL Economic Problems

"Behind every great fortune lies a great crime."
Honore de Balzac (1799-1850)


For years, I've been trying to find a real solution to economic problems mentioned in this site's commentaries. Even though the website has only been up for about two years, the thoughts and efforts that went into this site took 35 years to evolve. It was started fifteen years after I purchased the 1889 "Great Red Dragon" book, subtitled "Foreign Money Power In The United States." The book was found quite by accident in a Detroit used-book store around the time of the signing of the Maastrict Treaty.

I've collected and studied old economic books since 1973, but shivers went through me when I found and perused this book. Obviously I thought it was a rare book and immediately felt the responsibility that it needed to be passed on someday. From previous research, I could tell that author Woolfolk was being as truthful as he could in his days. And nothing's changed, except it has become even worse. Independent states of Europe have been consolidated into an economic group called the European Union. Next on the agenda, the combination of Canada, the United States and Mexico into an economic group called the North American Union.

"It is dangerous to be right in matters on which the established authorities are wrong."
Voltaire (1694-1778)

I planned to wait taking this web site "live" until my four youngsters finished high school and were safely on their way without me. However, world events have moved so alarmingly fast towards the mission statement exposed by Woolfolk's book that I could no longer wait until the last two finished. The mission statement? "To own the earth in fee simple."

My rationale for this site is simply that I do not want my grandchildren, nor yours, to be born into economic slavery. We are too close NOW. We need a solution NOW!

The American Monetary Institute (AMI) Conference

Last week, September 26-30 (2007), I attended the [third] AMI Monetary Conference in Chicago, Illinois. To minimize costs, the meeting was held at the Roosevelt University. Many attendees shared in the work of setting up, sharing their knowledge, and then cleaning up before we left. Attendees spent THEIR own money to attend and assisted in efforts to define problems and find a solution in their areas of expertise.

It was a gathering of the best economic minds that money CAN'T buy! Most of those at the conference have spent many years trying to figure out the root of these problems and a viable solution. The founder of this conference and others who assisted him have spent the last 11 years just to bring things to this point. A job well done, but a job which cannot be finished, ever, without your help.

I'm delighted to report that the AMI and its members have indeed figured out the absolute root of our economic problems, AND they have developed an acceptable solution to these problems. They have discovered the absolute root of your issues, be it the War, healthcare, infrastructure, education, Social Security, pensions, real estate, family farms, and the list goes on and on.

I spent almost $1000 to attend; airfare, lodging, transportation, meals and a reasonable conference fee. Others spent much more and few spent less. Shortly, right here, I am going to define the problem and give you the solution, FREE! Why? AMI must have your help to help you. AMI's solution is acceptable to 99% of us and unacceptable to the 1% who wish to enslave us.

That 1% desires to continue war, continue inflating the cost of health care, continue the decline of infrastructure until they own it, continue the decline of education while inflating its cost, and on and on. This is highly profitable for them. They get richer, we get poorer.

Therefore, it is in your interest to understand both the problem and the solution, and then help AMI to help you. Without your self-interest in making AMI's solution a reality, it is a certainty that our children and grandchildren will be born into economic slavery, or worse, the annihilation of life on this planet. It's difficult to tell which will come first.

The REAL Source of Our Problems

The basic problem is that citizens can not control money creation through their government, because YOUR government does not control money creation either! That's the reason the 1900s was a century of war, economic booms and depressions. This one fact has permitted the growth of super-corporations and globalization. That's why we are now at the top of a boom-bust cycle and have already started this new century with war that is highly profitable to a very few. And it's going to get worse before it's gets better. WHY?

"This [Federal Reserve Act] establishes the most gigantic trust on earth.
When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized.
...the worst legislative crime of the ages is perpetrated by this banking and currency bill."
Congressman Charles A. Lindbergh, Sr. , 1913

The Federal Reserve, the Central Bank of the United States, can be said to be the fourth branch of our government. It does NOT answer to any of the other three branches. No conspiracy here. The Fed is owned by its member banks. All you have to do is look up who controls the largest banks. This is simply an open secret known by the few who either bother to understand, and to those that are it's beneficiaries. Even though our government via our U.S. Treasury creates and prints our money, we currently are forced, by law, to pay interest on our own money to a small, private group. That right was given to them in 1913 [The Federal Reserve Act] by carefully guided changes to U.S. law. The U.S. entry into World War I immediately followed.

AMI's Solution

By changing the law with AMI's proposed American Monetary Act [pdf], U.S. citizens will be able to allow their U.S. Treasury to print and create money, just as it does now, WITHOUT paying interest on our created-money to a small, private group. The money that is now siphoned out of our pockets to pay interest payments, for absolutely nothing, could then be used for infrastructure, health care, education and so on. It would also stop financing mischief against the interests of 99% of U.S. citizens.

It does NOT abolish any existing beneficial functions of the Federal Reserve. The Act's main purpose is to make the Federal Reserve a part of the U.S. Treasury, answerable to U.S. citizens, and not to a small group of international bankers. In fact, the REAL records of the Federal Reserve would finally be available to all U.S. citizens. People want "more transparency," which is just a fancy way of saying "less lying-by-omission."

Fed's Retaliate

This was the THIRD meeting by the AMI to forge this American Monetary Act into a final form ready to take to Congress. It is obvious that the Federal Reserve knows about AMI's work to put them under our U.S. Treasury's control. I say that because last year [2006] a bill [H.R. 5818] was introduced to the House of Representatives as the "Currency Overhaul for an Industrious Nation (COIN) Act." Buried in the middle of this bill is this:


They are not going down without a fight and they have already fired a shot across the bow. HR-5818 was introduced 7/2006, and it now has 5 co-sponsors. The Federal Reserve obviously is not content with only 95% control. This bill demonstrates that they NOW want 100% control. Do we dare allow this, considering that 95% of the value of our money is already gone? And be aware of the fact that we now pay this private group interest on NINE TRILLION DOLLARS of debt. That's a 9 followed by 12 zeros.

"We, the people, are locked in a death grapple and nothing our leaders offer, or are willing to offer, mitigates our troubles.
The people must think because the people alone can act."
Henry George (1839-1897)

What Can You Do?

You have to make an investment in time and effort to understand what AMI is saying and doing so that you truly know they are correct, then apply that knowledge to your own self-interest. Start by downloading the PDF file of the American Monetary Act to your computer. Save it. Study it. If it's not clear to you, the next thing to do get a copy of the The Lost Science of Money. If your library doesn't have it, ask them to order it. Better yet, order yourself a copy as a family heirloom and contribute another copy to your local public library. I'm certain THIS book will become highly used in the immediate future as word starts getting out.

This is NOT about book sales. It's about getting many people knowledgable about money. Why? To get as many voters educated on what money really is, and how it is used against us. Why? So that your children [or grandchildren] will not be born into economic slavery, and we can be freed of the stranglehold of imperialistic capital. If you don't understand that statement, see the many commentaries on this web site. Capitalism is good, imperialism is not! Big difference.

If you don't have the time or inclination to study, then keep talking about this subject with others until you find someone you trust that does comprehend this and is willing to assist you.

This has nothing to do with right-wing, center or left-wing politics. It has nothing to do with whether you favor Republican, Democrat, Libertarian, or any other political party. Capitalism is good, imperialism is not! Fascism and socialism are just other names for imperialism. This is about breaking the chains of economic slavery before they are welded shut on each of us. Yes, you will have to contact your local politicians to let them know you are fed up with the way things are, that you know of a viable solution and that it has your support.

It's now up to you. What's needed? A small donation (see below) to help keep this site available for others that follow you, and a serious donation of money, time and effort to the AMI organization so that they may succeed in helping all of us help ourselves before it's too late. The Federal Reserve has had 95 years to reduce the value of our money by 95%. It has 5 years left to lock us in at 100%. They are very serious, and it's time we were too.

If you belong to an organization working to resolve a specific problem, perhaps one listed above, like infrastructure or healthcare, it is in your self-interest to assist and work with the AMI group to take back citizen-control of your money. This will honestly give your group a fighting chance to succeed at its task. If you do not understand the MONEY POWER, your group can NOT succeed. Today's monetary system is working against you, not for you.

THIS IS SERIOUS. U.S. CITIZENS ARE THE WORLD'S LAST HOPE. EUROPE is controlled, CHINA is controlled, RUSSIA is controlled, and the UNITED KINGDOM is controlled. THE U.S. is mostly controlled, but NOT quite completely. That's why there will NOT be another time, nor another opportunity. There is no place else to run! We need MONETARY REFORM NOW!

In closing, I'd like to pass on the last lines of Kirk Vonnegut's Requiem (2005):

When the last living thing
has died on account of us,
how poetical it would be
if Earth could say,
in a voice floating up
perhaps from the floor
of the Grand Canyon,
“It is done.”
People did not like it here.
-- Kurt Vonnegut (1922-2007)

One last thing: If you found information on this site valuable, please help support this site so that this information stays available for those who will pass this way after you.
© 2007 by Edward Ulysses Cate
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