Share on Facebook Share on Twitter Share via Email Print this Page [1-1] of 1Posts from Nero, Paterson, NJNero, Paterson, NJ Reply Nero, Paterson, NJ 6/9/09 re: William Paterson quote This is what the Federal Reserve Bank [the US subsidiary of the Bank of England] does in America. It creates money out of thin air as Fed Chair Bernanke said on a 60 Minutes interview on Sunday March 15,2009. Then charges the people who borrow this funny money interest at rates the bank controls, so it pays very little back to the few depositors to the bank interest with more money it creates out of thin air. The end result is the bank has managed to inflate the currency or more exactly DEVALUATE or CHEAPEN the currency forcing prices to rise. The rise in prices means your savings becomes worth less each year forcing more and more people to borrow ever greater sums of money at interest rates it controls so the Bank is always the winner and you lose your FREEDOMS because you have now lost your property in debt. This is why John Adams the second President of the United States of America said, ”There are two ways to conquer a nation, first is by the sword the second is by debt.” The third President of the United States of America, Thomas Jefferson, said “I believe that banking institutions are more dangerous to our liberties that standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” The US “our” constitution, written by John Adams & Thomas Jefferson, states in, Article 1 [the power of congress] Section 8 Clause 5, “To coin money, regulate the value thereof”. This is Debt Free Money not the self-generating debt of the Federal Reserve Bank’s Federal Reserve Note! Now a quote from NERO, 'the constitution of the United States of America did not fail the American People, the American People failed the Constitution!' SaveOk2 Share on Facebook Tweet Email Print