Professional Documents
Culture Documents
14
14 Free issue
Free of MICHAEL
issue of MICHAEL www.michaeljournal.org
www.michaeljournal.org
“The only thing that will correct it is the one “This issue is the key issue to the financial fu-
thing that is sacrosanct in the media, in education, ture of our nation and world! This chicanery is
in politics, and, yes, even in our social circles. The practiced throughout the world! We must turn an
only thing that will correct it is to strip private com- entrenched, centuries old financial establishment
panies (banks) of their power to create money as on its ear! Read about it. Study it. Understand it.
debt at interest, and to adopt a method of money Talk about it. Then raise some hell!” The best way
creation whereby the United States Treasury cre- to do all that is to get people around you to sub-
ates money as credit! scribe to the “Michael” Journal!
Alain Pilote
Louis Even
Update: The ratio of cash versus loans in Canadian
banks was about one for ten in the 1940s. This ratio (a
10% cash reserve requirement) has changed since then.
In 1967, the Canadian Bank Act allowed the chartered
banks to create sixteen times the sum of their
A
round 5,000 community
currencies, alternatives, of
different modalities, almost
all autonomous apart from gov-
ernments, are calculated in the
world. The same in rich countries
as in the poorest. One of them is
Túmin, in Mexico, with more than
2,500 associates from 2010 to
2022.
They are alternative markets
based on trust and solidarity.
They almost always arise due to
lack of money, and to join forces
between producers and mer-
chants, together resisting the mo- face of greed, you want to share. spread outside governments as
nopoly of large transnational com- New production models are pro- well, not to distribute wealth better
panies. posed that do not harm nature or but, on the contrary, to enrich
Some create paper money, exploit people; as well as new con- themselves and hoard money
such as the Túmin (T), which is sumption habits for a healthy life. through speculation, where only
freely distributed to participants. Even in the Túmin, partners and the currency itself is being sold,
Others organize Time Banks to ex- not clients are sought, new rela- backed primarily by the US dollar.
change services. And the majority, tionships that are not based on By their side, the “owners of the
especially in Europe, use "account- business but on mutual help. world”, that handful of tycoons who
ing cards" of "reciprocity", on paper All this has been called a "Soli- master banks, media, industries,
or digital, where the sales and pur- dary Economy". Here the citizens technology, international institu-
chases of each participant are rec- themselves control part of their tions, and national governments…
orded, as described in "The money economy outside the govern- plan a “global reset” where “no-
myth exploded". ments, something that the "owners body will own anything, but every-
There, Louis Even proposes a of the world" are not interested in. one be happy”, characterized by
"Social Credit" solution to the pov- It is that, as long as there is no the monopoly of digital money.
erty for all countries, while commu- true democracy where the govern- They speak of a universal in-
nity currencies work, instead, in lo- ment is the people themselves with come, where everyone will have
cal collectives as a small practice other ways of doing politics, local their money controlled by the
of self-government and Social currencies will continue to build by banks. Money that they will make
Credit that can be worldwide. deeds the Social Credit people even more essential to survive and
They strengthen the local econ- need. with it will manipulate people's be-
omy, but also the citizen organiza- As long as monopolies exist havior as already do. Thus they
tion; and raise awareness of the with their unfair distribution of take over all the money, all produc-
global financial system based on money, alternative money will con- tion, the planetary wealth, and peo-
scarcity and debt, where countries tinue to flourish. And what these ple. They are the owners of the
and individuals lack monetary sov- monies need, as Túmin does, are world.
ereignty which provides them own products and services which is the It is a plan of social control, not
instruments of exchange, such as true backing of money, not gold as of Social Credit. But they are no
money. Louis Even explains. longer motivated by the ambition of
Local currencies pose a differ- Of course, there are also alter- money, they create it! And they
ent and even contrary alternative native currencies, which are more have more than they can spend. If
to the prevailing system: in the face of the same: debt, speculation, and they monopolize it now, is to in-
of individualism, the common good fraud. crease its power... it is the so-
is proposed; in the face of compe- Indeed, various digital private called "deep state".
tition, cooperation is sought; in the currencies such as Bitcoin have
T
he dictatorship of the bankers and their debt-
the products pass easily from the producers to
money system are not limited to one country,
the consumers. In this manner, creating our own
but exist in every country in the world. They
paper money ourselves, we control its purchas-
are working to keep their control tight, because the
ing power, and we have no interest to pay to any-
example of what an honest system could be, with
one.”
one country freeing itself from this dictatorship and
issuing its own interest-and-debt-free currency, The English bankers, being informed quickly,
would be enough to bring about the worldwide col- had a law passed by the British Parliament prohibit-
lapse of the bankers’ swindling debt-money system. ing the Colonies from issuing their own money, and
ordering them to use only the gold or silver debt-
This fight of the International Financiers to install
money that was provided in insufficient quantity by
their fraudulent debt-money system has been par-
the English bankers. The circulating medium of ex-
ticularly vicious in the United States
change was reduced by half.
of America since its very foundation.
Historical facts show that several “In one year,” Franklin stated, “the conditions
American statesmen were well were so reversed that the era of prosperity end-
aware of the dishonest money sys- ed, and a depression set in, to such an extent that
tem the Financiers wanted to im- the streets of the Colonies were filled with unem-
pose upon America and of all of its ployed.”
harmful effects. These statesmen
Then the Revolutionary War was launched
were real patriots, who did all that
Benjamin against England, and was followed by the Declara-
they possibly could to maintain for
Franklin tion of Independence in 1776. History textbooks
the USA an honest money sys-
erroneously teach that it was the tax on tea that
tem, free from the control of the Financiers. The Fi-
triggered the American Revolution, but Franklin
nanciers did everything in their power to keep in the
clearly stated:
dark this facet of the history of the United States,
for fear that the example of these patriots might still “The Colonies would gladly have borne the
be followed today. Here are some facts that the Fi- little tax on tea and other matters, had it not
nanciers would like the population not to know: been the poverty caused by the bad influence of
the English bankers on the Parliament: which has
We are in 1750. The United States of America
caused in the Colonies hatred of England, and
does not yet exist; it is the 13 Colonies of the Ameri-
the Revolutionary War.”
can continent, forming “New England”, a posses-
sion of the motherland, England. Benjamin Franklin The Founding Fathers of the United States, bear-
wrote about the population of that time: “Impossible ing all these facts in mind, and to protect themselves
to find a happier and more prosperous popula- against the exploitation of the International Bankers,
tion on all the surface of the globe.” Going over took good care to expressly declare, in the American
to England to represent the interests of the Colo- Constitution, signed at Philadelphia in 1787, Article 1,
nies, Franklin was asked how he accounted for the Section 8, paragraph 5:
prosperous conditions prevailing in the Colonies, “Congress shall have the power to coin money
while poverty was rife in the motherland: and to regulate the value thereof.”
“That is simple”, Franklin replied. “In the Colo- Alain Pilote
nies we issue our own money. It is called Colonial
www.michaeljournal.org Free issue of MICHAEL 19
Who are the REAL rulers of the world?
by Louis Even commercialize the credulity of the ignorant public
and to lend to them what they did not have in the
The following article was first published in first place. (See the article “The goldsmith who be-
1939. A lot of information comes from the book came a banker” on page 15.) Gold remained in
of Gertrude Coogan, “Money Creators,” pub- their vaults; receipts of those who entrusted their
lished in 1935. Ms. Coogan died mysteriously at gold to the bankers circulated alongside gold itself
age 29, shortly after this book’s publication. and was just as profitable.
The current banking system is pure banditry: Legalization of banditry
anyone who bothers to study the issue (the crea-
In 1694 these bankers legally obtained the
tion of money-debt credit by banks and absolute
right to manufacture and lend at interest money
control of the medium of exchange by banks), can-
to the sovereign government as well as to individ-
not doubt it. But it is nevertheless a legalized ban-
uals. That year, King William III of England needed
ditry, that is to say, banks act within the “legal”
money to wage war. Since the revolution of 1688,
limits of their charter, while leading this racket for
a company of rich men using the name of “Com-
the benefit of a small clique of individuals thriving
pany of the Bank of England”, led by William Pat-
on the backs of the public. Their charter is a law
erson, had established themselves in London. We
granted by the sovereign government to a machine
quote from The Breakdown of Money, by Christo-
that is bleeding and kills mankind.
pher Hollis :
Since the Renaissance and Protestant Reform,
we find people opening offices to lend money and, “In 1694 the Government of William III was in
through usury, managing to control the money sup- sore straits for money. A company of rich men
ply of the countries where they operate. The under the leadership of one William Pater- son
holders of gold quickly learned to offered to lend William £1,200,000 at 8 per cent
on the condition that ‘the Governor and
The monster of the banking system is taking control of all real wealth
in 1876, sheds a different light upon the series of In these former days, they were first in line to
events we have just mentioned: put a grab on an America they had neither discov-
ered nor developed. The documents that follow
“The division of the United States into federa- are revealing of the mentality of the masters of
tions of equal force was decided long before the money; they also show how wrong we are to be
Civil War by the financial powers of Europe. These sleeping while the wolves are roaming, or to let
bankers were afraid that the United States, if they ourselves be hypnotized by the champions of
remained in one block and as one nation, would “sound money”. Where were the leaders of the
attain economic and financial independence, time? Why did Lincoln have to fight alone, mis-
which would upset their financial domination over understood, not sustained even by his own Con-
the world. The voice of the Rothschilds predomi- gress? And where are the leaders of the people to-
nated. They foresaw tremendous day, while the physical health, the intellectual