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The Roberts Trap is Sprung

By:  Bill Dunne
One of the most overlooked aspects of the year just ended is the vindication of Chief Justice John Roberts -- a vindication that showed up as the national catastrophe known as ObamaCare got rolling.  Roberts may have also doomed Hillary Clinton's chance to live in the White House again... click here to read whole editorial


The U.S. National Debt is Designed to Mathematically Never Be Paid Off






By:  David Deschesne

Editor/Publisher, Fort Fairfield Journal


   Since the U.S. government has reached its debt limit—again—talk will soon be resuming about raising the limit in order to “honor our financial obligations.”  When one understands the mechanics of our current monetary system they will see the futility in that statement.  We cannot “honor our financial obligations” because after the U.S. went bankrupt in March, 1933 we’ve been discharging all of our old loans and their associated interest with new loans, thus perpetuating our debt to the foreign bankers who now own and operate the U.S. government. 

   All U.S. money currently in existence in the form of cash, savings account and checking account money has all been borrowed into circulation, is all accruing interest and is all owed back to the banks from whence it came.  Due to the fractional reserve banking ponzi scheme set up by the private, for profit “Federal Reserve” we are all discharging old loans with new loans in order to keep a circulating currency.  Whether it’s a loan for a snowmobile, car or house, all the way up to the National debt, all “financial obligations” are loans and are discharged with new loans.  This is exactly the same as paying off an old credit card with a new credit card.  We’ve been duped!

   This is the scam Congress foisted on the American people in 1916, when they transferred their power to regulate the value of U.S. currency over to a private, for profit banking syndicate called the “Federal Reserve.”  The “Federal Reserve” is not a branch of the U.S. government (it’s a private corporation), it is not accountable to Congress and has absolutely no reserves of any tangible physical value to back up the cash in circulation.  All cash is in fact bits and pieces of other people’s borrowed money and is backed by the “full faith and credit” of the American people—read that “all future labor and property” of the American people who have been reduced to debt slaves to the banks.  It is the bank’s power to use government and the courts to compel people to pay back that fictional money with more fictional money that is earned by their labor that keeps the ponzi scheme going.  The truth is, money is created and loaned into circulation at the time of the loan and never comes out of any pre-existing money inventory at the bank.  While some banks (credit cards are banks, too, in this sense) may borrow cash from the Fed and loan that to people, it is the Fed that artificially created the “money” out of thin air that was then lent to the banks.

   The only people who benefit from this system are the bankers who create the money from nothing and then gain interest on loaning that fake money.  Here’s how they do it.


Money for Nothing

   A common misconception, which has been sold to the American people, is that banks loan either the banks’ money, or their depositors’ money. Nothing, however, could be further from the truth.

   Banks, as well as credit card companies (they are banks, too), don’t loan any pre-existing money at all. They loan fresh new money, just as a counterfeiter, manufacturing new money whenever needed.

   Banks create new money as easily as one would open a notebook full of blank paper, print numbers on those pages with a marker or pen and tear the page out. They then “loan” that notebook paper to unwitting borrowers who agree to pay that notebook paper back, with interest. Since the bank never extends any of its own money, the banker literally earns “money for nothing.”

   All borrowers today fund their own loans with their own property - their signature. Since the bank doesn’t disclose this term in the contract, the contract is fraudulently conceived.

   When you “borrow” money, you sign a promissory note that becomes a negotiable instrument at the time it is signed.1 “All instruments are like money in that they represent a right to payment and are transferred in the ordinary course of business from one party to another.”2The bank then accepts that promissory note, a/k/a  “negotiable instrument,” for a certain value as an asset on their books. They then create brand new “money” in the form of a bank check/bank credits, the amount of which is governed by the reserve requirements established by the “Federal Reserve.” This bank check had no actual “money” in its account before. Instead, the bank deposits the borrower’s Promissory Note as if it were money and loans it back to them. What they are doing is reaching into that figurative “notebook” and making new money to loan out. That new money is then paid back, with interest, with somebody else’s newly created and borrowed money that the borrower has to go to work and earn. In any other business, this would be called a “pyramid scheme” and rightly shunned, but not with banks.

   It is because of this slight of hand, that the banks and credit card companies perpetrate on unwitting borrowers, that most never realize that, since the banks never loaned any of their own money, they are never “damaged” as a result of non-payment.  There was never any money to loan out to begin with.  They created it from nothing at the time of the loan.

   A college economics textbook from the late 1940’s explains:


   “...suppose that a bank buys part of a new issue of municipal bonds. The bank's cashier draws a check to pay for the bonds - a check addressed to himself, and calling on himself to pay money to the order of the city which sold the bonds. This check goes to increase the city's bank balance, just as much as if the bonds had been bought by a private citizen. But the check does not come out of any private balance with the bank...The check with which the bank pays for the bonds immediately becomes a deposit liability of the bank...This leaves the bank's books in perfect balance because at the same moment the bonds became an asset. An extra deposit has been ‘created.’ The same thing happens when the bank makes a loan, or buys stationary.”3


   Imagine, if you can, walking into your bank, going behind the counter, calling up your checking account in their computer and depositing new money into your account with no actual money in your hand. That is exactly what happens when a bank “loans” money. “The loan transaction does not affect the pre-existing level of demand deposits elsewhere, nor does it affect the pre-existing amount of coin and currency in circulation. Thus, since the demand deposit level at the lending bank rises, and the transaction does not otherwise affect existing components of money supply, new money is created and added to the total money supply.”4

   Congressman Finley Gray, from Indiana pointed out during a speech in 1934;


   “Bank dealings and operations are predicated upon a basis and principle of chance, speculation, and gambling per se, from the hazards and uncertainties of which depositors must be safeguarded by double liability of stockholders and by insurance of their deposits. For every $100 cash assets banks are allowed to loan $1,000; loan $900 they do not have in the bank and draw interest on $900 they do not own, and will not be checked out at one time. This is one of the speculating and gambling operations, one of the hazards and uncertainties increasing the liability of stockholders, jeopardizing the savings deposits, and creating a doubt in the public mind.”5


The End Game

   There are some in Congress who know exactly how this scam works and whose friends are financially benefitting from it – from loaning fake, artificially created money at interest that is paid back in newly created fake money—so they won’t do anything to change it.  Others in Congress are simply useful dupes, or idiots.  They have no idea what’s going on or how to fix it.  This is what happens when you elect people to public office using the “popularity contest” method of voting.  Many of our Congressmen and women who are entrusted by their constiuents with safeguarding the nation’s money supply from foreign marauders have absolutely no idea what they’re doing and have no business occupying a seat in Congress, much less voting on the national debt—they simply don’t know what they’re doing. 

   That is dangerous. 

   You wouldn’t have a child perform brain surgery, the patient would surely die.  You also shouldn’t let these Congressional imbeciles who won the popularity contest have a vote over the money supply.  But, that’s what happened in 1916.  It happened again in 1933 when the U.S. went bankrupt, lost its gold backing and began borrowing its way to prosperity.  The scam continues to this day.  Congress continually votes to put us further into debt to foreign bankers via a monetary system that exists solely on borrowed money, is paid back with more borrowed money and is designed to put us further and further into debt with no chance of ever being able to pay the debt off until the day comes when the private owners of the Federal Reserve determine our net worth won’t back any future loans and they will decide to collect their collateral—all U.S. business and personal property in existence.

   They will use the court systems and an unwitting police and military, who will at that time likely be using Artificial Intelligence drones and robots to do the bulk of the work, to forcefully confiscate all tangible property from Americans and cull the population via death– and vaccination squads to a more manageable level as they, like locusts, move on to the next wealthy country to devour and lay  financial waste to.

   The criminally stupid idiots in Congress will then be standing there wondering what happened to their country and why the locusts they helped feed with our labor and property didn’t invite them along to enjoy the spoils of their next conquest.

   Is Canadian money better?  Nope.  Sorry, Canada, you’ve been hi-jacked by these global bankers, too.

  All debts to banks are based on fraud.  They’re illegitimate.  The “money” never existed, neither does the debt.  The only thing propping up this scam is courts continue to enforce the fraudulent bank and credit card loan contracts.

   The U.S. Constitution is still the law of the land and still declares gold and silver coin to be the only lawful money in the U.S. There has never been a Constitutional amendment to allow the Federal Reserve’s private debt paper—the Federal Reserve Note we use as “cash” today—to be used as U.S. currency.



1. Uniform Commercial Code §3-104

2. Fundamentals of American Law, ©1996 NYU School of Law, p. 379.

3. Money, Debt and Economic Activity, ©1948 Albert Gailord Hart (professor of Economics, Columbia University), p. 65

4. Principles of Bank Operations, ©1975 American Institute of Banking, American Bankers Association, p. 207

5. Congressman Finley Gray (Indiana) Congressional Record, U.S. House of Representatives, May 29, 1933, p. 4545


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