The Established Religion of Credit

Federal Reserve System Chairman Ben Bernanke, on June 18^th, 2008 AD, in testimony given before the House Financial Services Committee, admitted that inflation is a tax.

http://www.youtube.com/watch?v=aT0txlTod8w

In the United States there is not supposed to be taxation without representation. In fact that was the battle cry of the Founding Fathers. [That along with “No king but King Jesus.”] http://www.sovereignfellowship.com/tos/4.1/

But the unelected Federal Reserve continues to increase the “money” supply which creates inflation. Every time the Fed adds Federal Reserve Notes to the “money” supply the “value” of every other Federal Reserve Note drops in “value.”

(Authors note. Words in quotations like dollar, value and money are all currently meaningless since the “value” of “money” is to be measured in “dollars” and there is no legal definition of the word dollar.)

The math is easy. If the total “value” of the economy is represented by 100 apples and there are 100 pieces of money that are all identical then each piece of money can buy 1% of the apples. If the Federal Revere banks (privately owned and unelected) prints up another 100 pieces of “money” then each apple now costs two pieces of money. The obvious problem with his scenario is savings. If I save 10 “dollars” that are actually Federal Reserve Notes and then the Fed prints up the additional 100 FRNs then I just lost 50% of my “dollar” savings. This is what is happening today. This is why gas costs $4.00 a gallon and not 25¢ like it did in 1968 AD.

But wait. If you saved your “money” in silver dollars, minted by the U.S. mint since 1986 AD that have a face value of ONE DOLLAR what are they “worth”? How many gallons of gas can you buy with one of those silver “dollars”? A currently minted silver liberty coin can be “sold” for about 17 FRNs to a coin dealer. And not for some inflated value because it is rare. A lousy silver dollar minted since 86 can be “sold” for its weight in silver for 17 FRNs That works out to 4.25 FRNs per quarter. Therefore a gallon of gas costs One Quarter of a Silver Dollar.

This system, the Federal Reserve System, was created to steal. It was created to steal savings. It was created to make slaves of We the People. It needs to be ended. The owners and directors need to be arrested for fraud, theft and treason. Until that occurs nothing else in America can be solved. Abortion, Gay marriage, even the illegal immigration and invasion cannot be stopped because it all has its entangling roots in the Federal Reserve System. By the way the IRS is the collection arm of this Luciferian religion of credit.

If you spend your time working on solving the smoke screen issues and do not fight to KILLL the tree that spawns all of these divisive issues that keep Americans at the throats of other Americans then the Federal Reserve Banksters will continue to OWN you and your children. A tax slave is a slave. So wake up. You are not free.

In Extrême-Occident: French Intellectuals and America (1993 University of Chicago Press) author Jean-Philippe Mathy writing about a French philosopher Jean-Paul Sartre wrote:

“Already, before the war,” he informed the reader, “every single home had a fridge, many a car and a telephone. In every kitchen one could find fancy corkscrews and can openers, electric ovens, etc.” (2 February 1945) Modernity does not lie in gadgets alone, however; it is also an ethos, a specific economic behavior: the religion of credit.

Credit is the foundation of Capitalism, not Free Enterprise which is based upon hard work and trading value for value, but a system of Debt Capitalism which, according to world-renowned economist John Maynard Keynes is the “permanent relations between debtors and creditors, which form the ultimate foundation of capitalism…” It is a system that destroys the lives of the average workman while falsely enriching Merchants and Bankers: “Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires.” (John Maynard Keynes) These merchants and bankers enrich themselves on the misery of others as they CREATE credit with Bank entries allowable under our Satanic fractional reserve system which is, itself, built upon “Securities” of the United States, which “Securities” include U.S citizen’s LABOR, through fraud and intentionally created inflation.

Our monetary system is based almost entirely on credit. Although we do have gold and silver “dollar” coins in circulation since 1986 AD, Jefferson understood why few people ever see them:

“Experience has proved to us that a dollar of silver disappears for every dollar of paper emitted.” -Thomas Jefferson to James Monroe, 1791.

The irredeemable promissory notes called Federal reserve notes we are forced to carry in our wallets and purses if we wish to “buy or sell” are only evidence of “CREDIT”? That is why they are called “notes” and must be “redeemed” in “lawful money.” Of course there is no current legal definition of “lawful money” that we can find so the Federal Reserve and the Department of the Treasury just defraud us and give us more “ghost money.”

Again Jefferson understood the facts:

“Paper is poverty,… it is only the ghost of money, and not money itself.” —Thomas Jefferson to Edward Carrington, 1788.

Alan Greenspan, former head of the Federal Reserve, n an article originally appearing in a newsletter: The Objectivis,t published in 1966 also, at one time at least, knew about what REAL money is and the dangers of Paper “notes”.

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.

Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving.

The existence of such a commodity is a precondition of a division of labor economy. If men did not have some commodity of objective value which was generally acceptable as money, they would have to resort to primitive barter or be forced to live on self-sufficient farms and forgo the inestimable advantages of specialization. If men had no means to store value, i.e., to save, neither long-range planning nor exchange would be possible…

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard. (Emphasis added)

In Las Vegas, Nevada in 2005 and in 2007 AD we discovered that the judges (the priests of this Religion of Credit) did all they could to defend this Federal Civil Religion. We read how the judges refused to allow evidence to be heard by the jury about things that Irwin Schiff and Robert Kahre and Alex Loglia relied upon. We read about how the judge did not cite law but court cases, not from the Supreme Court, but from the Ninth Circuit Court on cases that came BEFORE (1986 AD) the new dollar Gold and Silver coins were being minted or to even consider the FACTS that Federal reserve notes are not “dollars,” are not money themselves and have never been declared to be dollars by Congress. These judges personally defended the established “faith” of the United States and allowed as little evidence to the contrary as possible. They did not allow the “whole truth” but protected their established Civic Religion of Credit.

We have learned that Federal Prosecutors like James Damm, in IRS cases have been judged to have committed prosecutorial misconduct and attempted to cover their own bad acts to protect this Civil religion.

This New American Civil Religion of Credit is a religion based on Faith for that is what Credit is: Faith. Credit comes from the Latin creditum “a…thing entrusted to another,” and from credere “to trust, entrust, believe.” (On line       Entomology Dictionary © 2001)

The words of Article. IV. Section. 1. help to clarify the faith of credit:

Full Faith and Credit shall be given in each State…

Like most Americans we trust and believe in our “Creator” who granted us “certain unalienable Rights.” We freely choose which religion or faith we will follow. But we choose our faith only after we are forced to use the established faith of the United States to survive economically “buy or sell”. The “full Faith and Credit” of the United States, if you will, which we are forced to use: Federal reserve “faith” notes.

Our Government has violated the Constitution, with the open and blatant support of Priests of this religion, the judges, and they are emitting bills of credit, by granting this power to the Federal Reserve Banking interests. This way Congress, which is required by the Constitution to “coin” and “regulate the value” of money, do not actually do it themselves. Instead they granted a power to a private bank to print the “money” of our nation when they did not have the authority to do it themselves. Just as the prophets of this religion said was necessary for them to be in charge in fact with a shadow government (ghost government bought with ghost money):

“Permit me to issue and control the money of a nation, and I care not who makes its laws.” Banker Amschel Mayer Rothschild, 1838

Government cannot grant a power to a private bank that they, themselves, do not possess and yet that is exactly the “color of law” that we are forced to worship under. Mr. George Read, from Delaware and signer of the United States of America Constitution, said if the power to print paper money was given to the Federal government it would be, “as alarming as the mark of the Beast in Revelations.” We, as members of The First Christian Fellowship of Eternal Sovereignty, have proclaimed that the Social Security Number is the Mark of the Beast or the precursor to it in our doctrines. This Mark is well known to be have a financial meaning

Rev. 13: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

What man is able to buy or sell in this world today without using debt notes from these bankers that essentially rule in every nation. And every note is numbered.

Americans are forced to participate (exercise) in this ‘faith” today with every so-called financial transaction. This monetary “faith” can ONLY lead to our ruin, once again, according to Jefferson:

“It is a [disputed] question, whether the circulation of paper, rather than of specie, is a good or an evil… I believe it to be one of those cases where mercantile clamor will bear down reason, until it is corrected by ruin.” —Thomas Jefferson to John W. Eppes, 1813

So why is it that you are paying a tax that is created without representation that is made to establish the Religion of Credit? I bet you thought that the government could not establish a religion. And yet they have. And you thought you had your own religion. You were wrong.

Amendment I

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.