Freedom & Security
By Peter Cook, M.Sc, C.M.E.

ULTIMATE SOPHISTRY... There is no subtler, no surer means of overturning the existing economic basis of a society than to debauch (corrupt) its government's legal tender currency with a "bank-money substitute", reconditely injected into circulation by means of checks. The process engages all the hidden forces of economic law on the side of creeping socio-economic destruction, and does it in manner which not one man in a million is able to diagnose.


Related quotes and comments found in the New York Times of June 11, 1939; Monetary Realist, September 1991; Time Magazine March 29, 1993 - edited and updated by Peter Cook, M.Sc, C.M.E.

Table of Contents . . .
Founders of Bank Of England and Midland Bank, 3 Prime Means of Production - MONEY, 4 Capitalism and its agenda, 5 Capitalism — Protecting Its Turf, 7 Senate Document No. 346, 67th Congress, 8 "THE WORD" published in Glasgow England, wrote:, 8 Citadels of Chaos" Cornelius Veith writes:, 9 No property ownership — no Capitalism, 10 Fertile ground for Capitalism, 12 How Did Capitalism Enslave the Productive Society? 15 "Capitalism's big bluff- quasi-legal extortion game, 17 Capitalism's formula for business instability, 21 No subtler means, already accomplished in the U.S.A.,22

Critics of Capitalism are nothing new. What is new, that the new critics of Capitalism, after over half a century of research and observation, have learned first hand, what Capitalism really is. Capitalism is not what we the American people had been educated to believe — that Capitalism is a gift of gods to the world. It may be a gift of gods to the Capitalists and their minions that lavishly live off the sweat and toil of the productive society. Capitalism is relatively a late comer into the socioeconomic arenas of Europe,1 the Americas and most of the world. It has been reported2 that the term "Capitalism" was unknown to Adam Smith, the author of The Wealth of Nations (1776), which book has become known as the Bible of Capitalism. Adam Smith m his time, apparently was not aware of the cruel powers and forces residing in "Capitalism" — as many years later, characterized by John Maynard Keynes, when he wrote:
"There is no subtler, no surer means of overturning an existing economic system of a society than to debauch (corrupt) its government's currency with a bank-money substitute, reconditely injected into circulation by means of checks channeled through "private" check clearing houses. The process engages all the hidden forces of economic law

This institution of private capitalism is of comparatively recent 1877 origing. From the old: Oxford English Dictionary, Vol. A to O. 2 Collier's Encyclopedia, Vol. 5, page 377.

on the side of creeping socio-economic destruction, and does it in a manner which not one man in a million is able to diagnose3.

Capitalism is in no way a democratic system. No sovereign government or society has ever been asked to vote or choose Capitalism as their economy governing system. Capitalism is a "parasite", a parasitic scheme, which reconditely worms its way into an organic4 economic system, and circumvents the natural development of business, industry and markets of a society — for its own vulturous expropriations of the productive society's real assets. In the last 3/4 of a century, Capitalism has reconditely enlisted our National, state and local governments' services, including judges, lawyers and academics to unsuspectingly function, in my opinion, as "legal fees bounty" hunters; shepherding, via the bankruptcy laws — the harvesting of the productive society's assets driven into default, via Capitalism's (bankers') traditional easy money bait of promise to pay and compound-interest-on-debt technique. It is important to understand, that in every bankruptcy there is also a gainer, a creditor, a collector

Related quotes found in the New York Times of June 11, 1939. Wall Street Journal, 3/22/79. Time Magazine March 29, 1993. Edited and updated June 1994 by Peter Cook, M.Sc, C.M.E. 4 Organic: naturally developing economic system.


who becomes the possessor of the forfeited assets or property. Very legal-like harvesting of the bankruptcy-generated assets is the recondite bottom line of Capitalism, the source of Capitalism's (banking industry's) fabulous accumulation of wealth.5 As two early (around 1690) and renown Capitalists William Paterson, the founder of Bank Of England and Edward Holden. founder of The Midland Bank, both explained that: "The bank hath benefit of interest on all money it creates out of nothing."6 Now, note: Paterson and Holden did not say that they had benefit of the money they created out of nothing — but. that they had benefit of the interest on all the money they created our of nothing Paraphrasing in brief, the bottom line, of what the two astute Capitalist alluded to: First you indebt the community with easy, promise to pay money. Second, with compound interest on their debt, you drive the community into default. Third, you engage the services of the "sanctity of contract and bankruptcy laws" and wait for the inveigled courts, judges, lawyers and academics, to very legal like deliver to you (the banker) the spoils, the productive society's intrinsic value collateral assets in

Josiah Stamp, Pres. Bank of England: The banks own the earth. Legalized Crime of Banking by S. W. Adams, OMNI. What Banks Don't Want You To Know, by Peter Cook. 6 Tragedy and Hope, by: Prof. Carroll. Quigley page 49. (1966) 3

default, as the settlement, on the INTEREST due, on the easy money created out of nothing. Capitalism has been practice under the name of "USURY" way back in Biblical times. The practice of Usury, of what we know today as Capitalism, was Biblically and historically equated with blood shedding and murder7,8; because, in its wake, the practice of Usury (of Capitalism) left crime, poverty, dispossession and despair. The worship of Capitalism in a society, like now in the United States and most of the World — has been brought about by Capitalism's historically cultivated high-profile academics and spin-gurus, glamorizing and romanticizing the exploits of a corrupted socio-economic system — where the Capitalists (the bankers) have usurped into a monopoly, the control of the Prime Means of Production of a nation. The Prime Means of Production is not a hammer, the plow or the horse, as popularly by implication surmised. The Prime Means of Production is really the ELEMENT used by society, business, industry and governments as a means of exchange, better known as "MONEY". The term "Capitalism" is euphemism for the more banker-offensive term: "Bankerism". Therefore, the terms or words: Capitalist or Capitalism
7 8

Jewish Encyclopedia, Vol, II, page 388. Lincoln Money Martyred, by Dr. Search, page 28.


in this treatise are always synonymous with Banker or Bankerism. Capitalism and its agenda ... In a Bankers' Manifest letter, published in the Civil Servants' Year Book, The Organizer of January 1934, the bankers wrote: "Capital must protect itself in every way ... Debts must be collected and loans and mortgages foreclosed as soon as possible. ... our principal men (are) now engaged in forming an imperialism of capital (of bankers) to govern the world" That bankers' letter ended with: "The great debt that the CAPITALISTS (Bankers) will see to it is made out of the Civil War ... must
be used to measure and control (the Government's)

money and labor wages.9 A circular titled: The Hazard circular, written by a Mr. Hazard, a British bankers agent, was circulated in July of 1862 amongst the leading bankers: "Chattel slavery is likely to be abolished by the Civil War powers. This I (Hazard) and my European friends are in favor of for (chattel) slavery is but the owning of labor and carries with it the care of the laborers, while the European plan, led by England, is that CAPITAL (bankers) shall control labor by controlling their wages"— thus managing a new

The Story Of Our Money, by: Olive dishing Dwinell, page 125


breed of slaves, that will be responsible for their own welfare.10 From the letters above we can clearly see who has identified itself as "Capital". That Capital or Capitalists are really the commercial, chartered and central bank owners, governors and managers of those banks, who hold in their hands, and exercise, the power of creating, withholding and destroying the Prime Means of Production.11 The monopoly of creating and destroying the primary means of production, that is of money, is a power greater than the power of law. As an eminent capitalist put it back in 1790: "Permit me to issue and control the (prime Means of Production) money of a nation, and I care not who makes its laws." Mayer A. Rothschild.12 With the absolute power of controlling the Prime Means of Production in the hands of Capitalists, that is, in the hands of the Commercial and Central Bankers — Capitalism of the World including that of the United States, is not a Free Society mechanism as popularly worshipped, but is a Scientifically Managed Totalitarian Tyranny where the total productive society is reduced to wage-slavery


Money Creators, by: Gertrude M Coogan — page 212. 11 How Banks Create and Destroy Money - explained by the Federal Reserve Bank of New York -- edited for easy reading by Peter Cook. 12 Senate Document #23, 76th Congress, 1st Session, page 99. 6

— without any Capitalism's responsibility for their welfare. The selected excerpts from the letters above, brazenly display the cruelty of Capitalism: "debts must be collected; "mortgages foreclosed as soon as possible; "the wage-slaves to be responsible for their own welfare, "the great government debt will serve to control money and wages;13 "our principal men engaged in an imperialism of Capital to govern (such) world. It doesn't take a clairvoyant or a rocket scientist to perceive, that Capitalism, through the absolute control of money — as evidenced by the socioeconomic shortcomings — is a recondite and ruthless totalitarian tyrant, to all elements of the productive society, including to governments. Capitalism — Protecting Its Turf... There is no example or evidence that the Capitalists (the bankers) ever came to the aid of people that have nothing, like the refugees of the world. Any aid to the hungry and the homeless of the world invariably comes from public contributions and religious organizations work, and the governments' tax monies — but never from the Capitalists, the big World and American bankers, who are the PRIME


Story Of Our Money, by: Olive, Cushing Dwinell, page 125.


manufactures of CREDIT (checkbook) MONIES14 who never have a problem of manufacturing enough credit money to finance the most expensive wars, particularly if the war is esoterically fought to protect the established turf of Capitalism — which wars are generally fought under the sacred shroud of fighting for freedom — but never at the expense of Capital, the banking industry. Senate Document No. 346, 67th Congress, 4th session concludes:
"We repeat, and respectfully submit, that in view of the foregoing facts, it is clearly established that Hungary did not cause and did not bring about the last World War (W.W.I). The responsibility for the last World War rests solely upon the shoulders of international (Capital) financiers. It is they upon whose head the blood of million of dead and millions of dying rests. "

"THE WORD" published in Glasgow, England, once wrote:15
"... Marriner Eccles of the Federal Board and Montague Norman of the Bank of England agreed not later than 1935 on the joint policy of killing Hitler's financial experiment by all methods, including war, if necessary."

Speaking of Hitler's new monetary system which W.W.II was fought to destroy, the London Times wrote:16

1939 edition of: The Federal Reserve System, Its Purposes And Functions. The Money Bible, by Peter Cook. A Primer On Money, a Federal Government document. 15 From: The Green Magicians, by: Thomas Porter, Publ. by Omni Publications, Hawthorne, CA 90250


"In this country (England) the people suffer the burden of heavy and increasing taxation, but in Germany nothing is ever heard of the necessity of increasing taxation, compulsory savings, or the issue of enormous public war loans. Quite the contrary. Recently an important tax was abolished. Public savings bank deposits touch new monthly records again and again. Money is so plentiful that the interest rate on the Reich loans could recently be reduced from 4 1/2 percent to 4 percent. Hitler seems to have discovered the secret of making something out of nothing, and evolved a system based on perpetual motion." In "Citadels of Chaos" (A copy in University of Michigan) From page 286, Cornelius Carl Veith writes: "The big bankers were alarmed at the success of Germany's money just as their families were alarmed generations ago at the success of Lincoln's money. The very words of consternation uttered at Lincoln equally describe the chagrin at Hitler's progress, namely: "If that mischievous financial policy ... should become indurated down to a fixture, then the government will furnish its own money without cost. It will pay off its own debts and be without debt. It will have all the money necessary to carry on its own commerce. It will become prosperous beyond precedent in the history of the civilized (Capitalist) countries of the world,"

Mr. Veith continues:
"What might have been a laudable program on the part of Germany was thus the principle cause of World War II. The fight between rival monetary policies was inevitable".


From: The Green Magicians, by: Thomas Porter, page 47. OMNI.


On page 288 Mr. Veith writes:17
"A few months after the ceasing of hostilities in Europe, it was frankly admitted in the press that Germany not only did not prepare for conquering the world, but had not even prepared for conquering her most obvious enemy, England".

No property ownership — no Capitalism
Capitalism can not establish itself, function and prosper, where the people have no homes, no land or property. As stated earlier, the prime requisite for Capitalism to establish itself, and prosper is: private property ownership and bankruptcy laws. Bankruptcy laws and the touted sanctity of contract laws, in Capitalism, function, to very legal-like, expropriate private property that has been reconditely ensnared by debt into default. The Capitalists, that is the bankers of all sizes will be the most obliging servants to people who own land, homes, businesses, farms, solvent industries etc. The bankers just throw money at you, has been reported by large wealth holders.18 Most of the business and industry and property owners fall into, or are educated or driven into, that bankers' easy money trap, baited with the compound interest on debt snare — out of which compound interest on debt snare, few escape, and most easy money borrowers become slaves to Capitalism, until, Capitalism's compound interest on debt, con17 18

The Green Magicians, by: Thomas Porter. Business Week, June 13, 1994


sumes the bulk of their property into the possession of ever wealthier banking families. But as Josiah Stamp put it back in the 1920's "As long as the public and governments tolerate such business, a man is foolish not to be a banker"19 Historic Capitalism is a British-bankers' cabalistic machination. It's the British Bankerism that our Forefathers wanted no part of it — until Hamilton, tutored20 by British bankers, had Capitalism institutionalized in the United States through the promotion of and passage of the (first) Bank of the United States. Remember or learn, that the United States Constitution is NOT a Capitalist document. The U. S. Constitution is a Socio-Economic document21, prescribing equal, Free Enterprise opportunity, in a Free Market place for all. However, Capitalism by corrupting the Government's lawful money with bank-money, and reconditely circulating the bankmoney m the economic arena by means of checks and its own check clearing houses — has successfully captured and corrupted our traditional Free Market economy, and now reconditely allocates enterprise opportunities, and controls all facets of

Sir Josiah Stamp, President of Bank Of England, and second richest man in Great Britain in the 1920's. 20 An Economic Interpretation of the Constitution of the United States by Charles A. Beard 1941 21 An Economic Interpretation of the Constitution of the United States, by: Charles A. Beard, 1913 - 1941.


the market place — so subtly, as John Maynard Keynes22 put it: "that not one man in a million can diagnose if. Fertile ground for Capitalism ... There are several major elements to constitute a fertile ground for Capitalism (Bankerism) to get a foot hold and prosper. A. Cultivated mass ignorance how a legal tender currency SUBSTITUTE, functions, as the public's and Government's money. B. Ignorance of how the currency substitute money is injected into the wallets, wages, profits and taxloads of the public, business and industry. C. An educated belief that the bankers are really only faithful recyclers of the people's savings deposits for a profit, and interest earnings for the depositors. This mass ignorance of how the bank-money, substituting for Government money, works, extends from the corridors of academia to the halls of congress. The successfully managed ignorance of how the Bank Money Mechanism works is not new. Mr. Henry Ford Sr., many years ago said:
"It is well enough that the people of the Nation do not understand our banking and monetary system, for if they


Synthetic Gold, Its Source And Its Use -- by Peter Cook, published by Monetary Science Publ., Wickliffe, OH 44092


did, I believe there would be a revolution before tomorrow morning".23

D. Capitalism (Bankerism) absolutely needs a well established political party democracy. Political Party Democracy is the most subtle weapon to divide and conquer the public's thrusts, hopes and desires. There is a chasmal difference between Political Party Democracy and Free Democracy. The Father of our country, George Washington, in his last farewell address warned against political parties when He said:
"One of the expedients of (political) party to acquire within particular district, is to misrepresent the opinions and aims of other districts. You can not shield yourselves too much against jealousies and heart burnings which spring from these misrepresentations; they tend to render alien to each other those who ought to be bound together by fraternal affection. ... 1 have already intimated to you the danger of (political) parties in the state, with particular references to founding of them ... Let me now take a more comprehensive view, and warn you in the most solemn manner against the baneful effects of the spirit of (political) party generally"?.24

People as a whole, before they meet up with some spin doctor of the press, radio or TV, are usually divided about half and half, practically on any subject argued or discussed. However, as soon as they meet up with some vested-interest spin doctors

From: The Federal Reserve Hoax, by: W. B. Vennard Sr., 1963. Also found in Dearborn Independent, published by: Henry Ford. Sr. 24 From George Washington's Farewell Address, Sept. 17, 1796


— much of the public quickly begins to relate to some professionally drafted opinion. The political party spin doctors are carefully cultivated dispens ers of ready-to-wear opinions. It is true, that all the people do not buy all the spin doctors analysis and opinions. However, if only a few percent of the people, do buy, the political party spin doctors' analysis and opinions — just imagine, what enor mous political party power, of divide and conquer, resides in those spin doctors' ready-to wear opinions at the ballot box. Therefore, if the general public is normally neutral on practically any subject presented to vote upon — a political party's money needs to buy only a very small percentage of the public's mind and votes to win, or to swing a vested interest issue. Those election swinging votes do not come cheap. That is why the political party elections, wooing the public's mind and vote, cost millions and millions of dollars. However, in a Free Democratic country as prescribe in the Constitution of the United States, for the United States Nation, there is no need for Political Parties. That's why we have 535 highpriced representatives in Washington called Congressmen and Senators. The public, business, industry farmers etc. their problems, their desires or plans to their area representatives. The people's representative, a Congressman or Senator then

becomes the public's point man (instead of some vested-

political party crony) to shepherd the desired plans or issue through the halls of Congress. Congress and the public then intelligently debate the issues publicly. By the time the issue comes up for a vote, the public understand the issue and thus intelligently votes either for or against an issue — without the impediment of trying to satisfy a vested political party machine. How Did Capitalism Capture... and Enslave The Productive Society? That was easy, as explained in a letter written by the Rothschild Bros, of London, England, to a New York firm of bankers, June 25, 1863:
"The few who can understand the system (bank checkbook money) will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that CAPITAL (banker) derives from the (bank-money) system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their (productive society's) interests. "25

It is important to remember that Capitalism is not a particular governing person or entity. Capitalism is not new. It has been invented by the wily old Goldsmiths centuries ago, and is now the basis for


Senate Document #23, 76th Congress, 1st Session, page 99.


our modern bank-money, and the bankers' money and banking system.26 Capitalism is fundamentally a "Scheme" and a highly sophisticated accounting mechanism, based upon a sovereign people's or government's money, whether it is silver, gold or legal tender paper — with a promise to pay such government or legal tender money. Capitalism's money system is based upon the slogan of "promise to pay" money — in our time, the promise is to pay physical cash currency in exchange for the bank deposit (checkbook) credits money. Capitalism's (bankers') promise to pay slogan is quasi-legal bluff — because, statistically the banks at any point and time, can only pay about 10% of their total Promises in cash — while at all times, charging prime or higher interest rates on the full 100% of their promises to pay cash. The reason Capitalists (bankers) gets away with such recondite quasi-legal bluff is — because, the banks pay most of the checks, simply by transferring the check payment amounts from the check drawer's account, to the credit of the check payee's account, which requires no touching of any cash.


Primer On Money, pages 28 & 29. A Government document printed in 1964 for use of House Banking and Currency Committee 16

The Federal Reserve Bank of New York in a publication title: MONEY: Master or Servant explains the above in this way: "It is important to note that, while your check is and order to your bank to pay to the order of: so-and-so a certain sum of money (dollars and cents), it is not necessary for the bank to pay cash currency and coin to so-and-so. More often then not, the bank simply charges the sum of the checks against your checking account and credits the sum to another account."27

Capitalism's big bluff... emerges as a quasi-legal extortion game! Capitalism's Big Bluff as alluded to above, in combination with the Hail-Mark of Capitalism, the sanctity of contracts and bankruptcy laws; and the academics, lawyers and judiciary, who have little or no idea of how Capitalism's Big Bluff really works, become the main players in expanding Capitalism's (bankers) Big Bluff into a quasi-legal extortion business, at the expense of the productive elements of society, commerce, industry and governments. The Hail-Mark of Capitalism, the Promise To Pay is actually the source of our Nation's M-l money supply. Every Promise To Pay made by a commercial banker is a "promise" in the form of


Money: Master or Servant, 1969 edition, published by the Public Information department. Federal Reserve Bank of New York.


deposit credits, entered into a bank client's checking account. At this point it is important to understand, that the Capitalist, that is the banker, making the promise to pay money to a bank client, does not ear-mark or allocate any of the bank's or anyone else's cash money, to the credit of the bank client's checking account, to be disbursed by the clients written checks. The Capitalist (the banker) simply enters, either by pen, pencil or computer, the amount of the Promise in dollars and cents (the amount of the loan) to the credit of the bank client's checking account.28 And of course, the amount of the Capitalist's Promise (loan) made either to an individual, a businessman or a government body, the amount of the Promise (loan) becomes a new addition to the M-l money supply statistic.29 And of course, all promises to pay dollars and cents to individuals, businessmen and government bodies carry a legally enforceable interest load — payable in bank (check) money or in cash. Perhaps you can already perceive Capitalism's big bluff evolving into a quasi-legal collateral harvesting operation:


Money: Master or Servant, 1969 edition. Published by the Public Information Department. Federal Reserve Bank of New York. (#44.) 29 Economics, 9th edition by Paul Samuelson of MIT. 18

1. Aggregately, all the Promises (bank loans) constitute the money supply pool, officially known as the M-l money supply pool statistic. 2. All borrowers of the bank-money loans, pledge real value assets as collateral for the amount of the bankers' promise to pay dollars and cents. 3. Even though Capitalism's banking system requires only about 10% in cash on hand
(professionally known as Bank Reserves) to pay its promises in

dollars and cents — the banks do legally enforce interest payments on the full 100% of the promises made to pay dollars and cents. 4. In any Capitalistic money system including that of the United States, the only bank-acceptable interest payment funds, can come out of only30 the M-l money supply pool, formed earlier by the bank promises (loans) to pay dollars and cents. 5. Any interest payment funds withdrawn out the M-l money supply pool, to pay the legally enforceable interest payments to the bank or banks — drives the balance of the aggregate M-l money supply pool into DEFAULT — where the aggregate money supply pool is short by the amount of the interest payment funds that had been withdrawn as interest payments to the bank or banks. 6. For example, if 10% of the aggregate M-l money supply pool, formed by the bank promises

Fore, there is no other money supply source.


to pay dollars and cents, was consumed in paying interest on the bank loans — then statistically, 10% of the aggregate bank loans could not be repaid, if the bank loan repayment contracts expired, or if all the bank loans were recalled at a fixed point and time. That means that about 10% of the bank clients would fall into default, and via the sanctity of contract and bankruptcy laws, the bank clients would very legal-like lose their collateral to the bank or banks — in exchange for the bankers' artificially created promise to pay funds — which funds were extinguished out of existence, via the loan-interest payments. Thus, by Capitalism's astute bank-money system design, the aggregate interest payments to banks, systematically gravitate a calculated percentage of bank clients' collateral into default 7. In real life, the astute Capitalist, like the wily old Goldsmith of history, does not set up a calendar year, date or time, at what point all the community loan contracts would expire or on what day all community bank loans would be recalled — to quickly, in one clean swoop, garner the calculated 10% or so of the bank clients' collateral. It's at this stage where the Big Bluff, the sanctity of contracts and bankruptcy laws and Capitalism's quasi-legal collateral harvest comes to life.


In real life, in the Capitalism's money and banking environment, the loan expiration dates, loan cancellations and recalls are a constant daily occurrence, by the thousands. The higher are the bank prime interest rates, the greater are the interest payments to banks, the greater grows the volume of defaults and bankruptcies in the economic arena. Since the defaults and bankruptcies are occurring daily, to a small percentage, out of the millions and millions of bank31 money borrowing clients, Nationally, and randomly scattered — instead of the defaults being scheduled to fall on the same calendar period on a whole community — the calculated collateral harvest process reconditely escapes detection, of which process John Maynard
Keynes wrote: "The process engages all the hidden forces of economic law on the side of destruction and does it in a manner that not one man in a million is able to diagnose."32

Capitalism's formula for business instability ...
The greater the volume of the loan-interest payment funds paid to banks (which interest payment funds, all come out of the M-l money supply pool) the less money

remains in the M-l money supply pool. The less money in the M-l money supply pool, the greater are Capitalism's33 esoteric financial forces, reconditely sinking entrepreneurs into default and bank31 32 33

Promise to pay dollars and cents money. Wall Street Journal, Commentary 3/22/79 Commercial banking industry forces.


ruptcy — not because of their34 poor business and industry acumen, but because of Capitalism's interest-load mechanism, particularly the subtle compound interest on debt, which interests are all system governed, to drive a certain percentage of entrepreneurs into default and bankruptcy — in a manner that not one man in a million can diagnose.35

There is no subtler, no surer means of overturning an exiting basis of a society than to debauch (corrupt) its currency.36 That has already been accomplished in the United States, and the final step was the passage of Federal Reserve Act in 1913.
When a sovereign Nation's financial mechanism is corrupted and saturated with Capitalism's "bankmoney", the sovereign, like the United States Government now; the Government completely loses control of its economy-financing mechanism, and becomes totally dependent upon Capitalism's (bankers) bank-money, in order to blindly function, while sinking deeper and deeper into Capitalism's

There just cannot be as many poor business and industry managers and owners as often reported in defaults and bankruptcies figures. 35 John Maynard Keynes, 3/22/79 W. S. Journal. 36 John Maynard Keynes, 3/22/79 W. S. Journal. Philip Benson, Pres. American Bankers Association, New York Times, 6/11 1939


debt-snare, — out of which debt-snare, no government has yet escaped, and neither will the United States Government — if it does not outlaw Capitalism's bank-money and its check-clearing mechanism — and adopt the use of the U.S. Government's own money system37 as prescribed in Article 1, Section 8, Clause 5 and l38 of the United States Constitution. A highly researched and documented method, for a Government Credit Money System, implementation, without disrupting the money and banking habits of the public, commerce and industry is clearly explained in: Populism Conquers Capitalism39, and in The Credit-Money Blue Book40 — supported with documentation in: The Money Bible book. Peter Cook, M.Sc, C.M.E. June 17, 1993

And its own Government check clearing system. Clause 1 of Article 1, Sec. 8, Clause 5 gives Congress power to maintain stability of the purchasing power of the Government dollar. 39 Populism Conquers Capitalism By Peter Cook, M.So, C.M.E. published by Monetary Science Publishing, Wickliffe, OH 44092 40 Credit-Money Blue Book, by Peter Cook, M.Sc, C.M.E. Published by Monetary Science Publishing, Wickliffe, OH 44092



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