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Bank Notes - Part V: Weapons of Mass Destruction

the Last Crusades - Book XXVI

By Cliff Jones

I warned you last this would be rather lengthy. Rather than reinvent the wheel, I lifted quotes from other of my own (presently unpublished) writings to touch on the true nature of our currency. I feel this section requires singular presentation, please bear through this and remember this landed on someone's desk down in my bank's headquarters! The best source from which I obtained the greater part of my own education on the matter is a book, which disappeared for decades but has thankfully been reproduced and is available, (do a web search for it) called The Coming Battle, by one M. W. Walbert. (1899) A debt of gratitude to R. A. Hawkins for his timely articles on the matter is also due, I enclosed them as supporting material in my letters to my bank, from which the below comes. Elsewhere I half ask the recipient whether they know the "federal reserve" is neither federal nor any kind of reserve. I would suspect few in any bank's employ are truly aware of that simple fact. Once one reads such as The Creature from Jekyll Island, (G. Edward Griffin) the above work and others on the nature and control of currencies, one concludes that the federal reserve note is the greatest "weapon of mass destruction" ever devised. It's perfect: you covet it while it slowly destroys all that really matters to you. But...

Why the IRS?
The IRS itself was never instituted by law, this according to the supreme court. (mentioned in opening bullets below) Since it's highly questionable inception (indeed!) it has been part of an agenda quite contrary to the public-consumption image of it.

Several of it's own past commissioners have stated as much, noting on occasion that it appeared to them that IRS and the "personal income tax" itself are entirely unnecessary.

Unfortunately for them they apparently didn't understand another set of facts, those regarding the genesis and operation of the currency.

I have an article in edit that seeks to show how the "income tax" is primarily a brake mechanism upon the inherent inflationary aspect built into the currency. An unedited excerpt:

It's a twisted tale, also volumes in length, but in short the "personal income tax" does not support government per se, it supports the currency. Recall that this currency is "faith based." A good chunk of that faith is extracted from you forcibly as a percentage of your labor efforts you are applying in the attempt to simply survive. The government perpetually borrows more of that "faith" into existence to pay it's way, "income tax" does not pay government's way, borrowing does.

"Public debt" is thus best viewed as none other than the existence of the very currency itself. It follows that the small portion tapped out of the stream as "personal income tax" actually goes nowhere near paying off just the debt represented by the total mass of currency. (ignoring soon-to-implode derivatives and other accounting sleight of hand) The "personal income tax" is merely a method of extracting a real value, your labors, to support the privilege of using federal reserve notes, as I'll soon explain. But we quite literally could use sea shells as a means of exchange, cut out the middle man and all be real money ahead for it.

Nobody taxed the hunter-gatherers. What people fail to see is their "employment" is the modern-day logical equivalent of gathering fruits and vegetables or clubbing the bear who's wandered into the camp. The present high degree of the division of labor sees most of us engaged in tasks that don't resemble basic survival in the slightest. But your "job," whatever it is, is exactly your survival instinct as such is expressed today. What are you if any portion of such labors are routinely, forcibly removed from you?

As an aside, when you obtain that new credit card, you are actually asking the federal reserve to create new currency in the amount of your "credit limit," which they gleefully do. No bank has real money laying around, for instance your mortgage is likewise created out of thin air, and the banks for their part are allowed to book the amount as an asset. Despite appearances, rather than be out any money the bank actually nets the value of the loan on the books. "Credit" is not wealth, it's debt, the banks merely create more debt, which as we've seen is the foundation of the currency. It is the promise of your future labors which will end up as the only value exchanged for your home. This is rational, but why does the bank charge interest if they not only lay out no assets but actually net them in the process? Because the means of exchange is the federal reserve note. The federal reserve has the squeeze on them too, in order they do their part in supporting all this "faith." With an honest currency banks would be in exactly the same position they are now, except average interest rates would be much lower, interest on deposits would be higher, and they and everyone would be truly wealthier.

It can be said that given the nature of our currency, every last penny of it is foremost applied in it's own support, an impossibility once interest demanded upon it's creation is factored in. You need more currency than exists to repay the principle and interest it represents, necessitating the need to create more of the currency to cover the interest, if such were anyone's real intent. Then this new currency bears it's own principle and interest demands, necessitating more yet again; an ever downward spiral of accumulating debt. This is the true genesis of inflation, all accounting to explain it otherwise is simply part of a shell game to hide this simple fact. Your present currency is inflationary by design.

The total "personal income tax" revenue is a small portion of total currency (thus debt) at any given moment, so how is this exaction supporting the currency? Simple; it's a deflationary counterbalance to the inflation inherent in the currency itself. The effect is accomplished by removing an amount of your demand before it can be applied back upon the economy. Knowing your remuneration for labor is expected to be remanded for real value in pursuit of your subsistence, a portion of your potential demand is removed before it can reach your hands. For example, you may earn $7.00 per hour, but the currency cannot tolerate your having $7.00 worth of "buying power" at the end of that hour. Such a condition would mean the currency bears no debt, which of course would be most desirable because, as we are seeing here, that debt is exacted out of your labors.

But it does bear debt, if only by virtue of the Federal Reserve Act and no other rational reason. So although the value of your labor is originally accounted for at $7.00, thanks to the IRS you are left with something like $4.34 in your pocket, leaving you incapable of demanding the full value of your labor in exchange for it. (therein slavery) Being that the currency is incapable of supporting itself, something must be done to maintain it's apparent value and simultaneously enrich the holders of that debt. One way is this cutting a portion out of your paycheck off the top; $7.00 of "labor value" is booked somewhere, but you are allowed only $4.34 of it by which you may make demands upon the economy in return.

Limiting demand is a deflationary maneuver, this one-stop mechanism of the income tax thus counterbalances the inflationary aspect nicely, hiding an ongoing theft as the debt plus interest is ultimately reduced to real wealth accrued to the federal reserve. It's not so simple as just piles of cash, indeed the cash itself is worthless by the federal reserves' own admission. [covered in previous context] At the receiver's end things like balances of trade and a host of other matters of real wealth are leveraged through holding of control of the currency. A non-debt bearing currency would eliminate the need for the "personal income tax," a fact echoed by Treasury secretaries, past IRS commissioners and JFK when he announced the release of his ill-fated "United States Note," as he stated when signing the executive order creating them; "the American taxpayer deserves a break."

Note that for unavoidable services we do utilize, we pay for them by appropriate indirect taxes in place for those purposes, taxes on gasoline to support highways for instance. We have no control over government accounting, nor does government apparently.

It is a fact that if every American paid 100% "income tax" in perpetuity we would still never be able to retire the "public debt." I care not for whatever "normalcy" anyone has come to expect by the status quo, everyone must come to understand that the establishment of an honest currency will fix nearly every problem facing humanity today. You name it, I'll show how the present currency is involved.

It should be clear by now that the "final devaluation" of the US dollar is presently underway. The controllers of the dollar also control the Euro, the dollar is down 40% in the last 12 months relative to the Euro and cannot possibly be saved from another 50% slide this year. This will be blamed as the trigger for a pending uncontrollable inflation, but really what is occurring is the lid is being lifted on inflationary controls, bringing about the desired systemic "bankruptcy" as we now know was the cause and effect of the Great Depression. As the inflation renders debt repayment ever further unobtainable, real wealth, including our future labors and those of all to come, will be accrued to the receivers; ancient international financial institutions.

In 1966, none other than Alan Greenspan railed against the group he now chairs. He was aware that the taxing power of the federal government was applied illegally, to wit:

"And so the Federal Reserve System was organized in 1913. It consisted of twelve regional Federal Reserve banks nominally owned by private bankers, but in fact government sponsored, controlled, and supported. Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government."

"Not legally," that's your "income tax" he's talking about. (I enclosed this column, which includes a now, well known dissertation written by Greenspan) In it he comments on much of what I am saying, and note that he correctly points out that our own federal reserve was several times complicit in American, British and world economic collapses, indeed was their sole cause. The reason? The were seeking to insure the Bank of England could hold on to their gold reserves. World economies, and the people they represent be damned, the role of the federal reserve is simply to keep the home office in the money.

Greenspan wrote these truths apparently before someone changed his medication from "Ayn Rand" to "Albert Pike." (active ingredient: Annuit Coeptis Novus Ordo Seclorum)

If anyone is going to get "stiffed," we and many others say it should be those few who rendered all this inevitable, the receivers, and not you and me and our children and the very land we stand upon. Your sense of fairness is well known and carefully cultivated to follow the correct belief one's obligations should be upheld. We harbor this sense; notice we have not pushed any buttons regarding less than honest accounting surrounding the matter of mortgages. We simply understand individual banks have long been rendered no choice in these matters, none other than Abraham Lincoln makes our point below. The problem here is the system has been rigged to implode all our wealth as it's main function, it does not make sense to pay off what really amounts to an extortion racket out of moral principle regarding "debts." Later I provide quotes from the very perpetrators of this system proving this point clearly.

Another excerpt from my writings on this point: ... of money

Abraham Lincoln, as it happens, was eliminated for similar reasons as JFK, and some 30 attempts were made on Andrew Jackson's life for a common reason as well. To glean the one common denominator I offer the following from the 'newspaper of record' for what was the world's most powerful "government" at the time, from the London Times (1866):

"If that mischievous financial policy which had it's origin in the North American Republic during the late war should become indurated down to a fixture, (note: the "greenback' which the United States Note was and the federal reserve note isn't) then that government will furnish it's money without cost.

It will have all the money that is necessary to carry on it's trade and commerce.

It will become prosperous beyond precedent in the history of civilized nations of the world. The brain and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on this globe."

Following passage of the Banking Act of 1863, Lincoln had said (with thanks, once again to R. A. Hawkins):

"The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working on the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed."

Indeed, the British efforts in the war of 1812 were aided and abetted by the first Bank of the United States, Andrew Jackson's "crime" was eliminating this bank.

Every banking and related act passed in the history of this nation was done against the clear interests of over 90% of the population, they have all primarily served the same British bankers. The thwarting of the "double standard" in the 1870's was one such detriment to the majority of Americans, who stood to become wealthy if it were adopted, as America was geologically well endowed with silver. The government told the people one thing but did quite the opposite, and the gentleman who inked the deal in Europe had met extensively with British bankers prior to our adoption of the policy which demonetized silver. (for the ultimate settlement of debt. it would be 90 years later that silver was entirely removed from circulation in favor of pure fiat instrumentation.) Every "legal tender" law is likewise to the detriment of most living souls, regardless of appearances, because it allows for the arrangement that no debt may in fact be ultimately settled. One does not settle a debt with a valueless paper debt instrument, such as the federal reserve note is.

... and another:

"And it does arise throughout history that good people in positions of power have attempted to do something about it. What they opposed is best expressed by the very beast itself. Immediately following passage of the Banking Act in 1863, a British banking interest, which according to a 1973 congressional report today owns the majority stake in the federal reserve system, stated in a letter addressed to New York counterparts;

The few who understand the system 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 advantages that capital derives from that system, will bear its burdens without complaint, and perhaps without even suspecting the system is inimical to their interests."

You are perpetually massaged in school and in the media into the belief that those profits and favors are within your grasp, you need only work hard and you will be rewarded; the "American Dream." The reality is you are unaware the wealthiest obtain that position without doing any work whatsoever. They're wealthy enough that those favors, once slathered on elected officials, can expect in return favorable legislation and the enforcement thereof, in furtherance of this system. I have it in writing from our congressman that the federal reserve "has served us well." Agreed, depending on who "us" is. This system has been perfected for some time on a global scale, some several thousand years in fact.

There are few, if any, living in here in Elmira (my home) today who are not "mentally incapable of comprehending the tremendous advantages that capital derives from that system," and who are "bear[ing] its burdens without complaint, and perhaps without even suspecting the system is inimical to their interests."

And no one who believes they are on the "inside" of things usually is. 99% or more of us are going to suffer, RFID and all the present genetic tinkering are just two I'll throw out as being inimical to everyone's interests. If you think you are on the "inside" at all, you merely suffer from a systemically induced blindness to the reality of these and similar matters. [explained at length previously] Remember, the UN has said 80% of us need to go away. Nearly everyone is considered expendable, presidents of the United States no exception.

Still, at least one of those past IRS commissioners hit his true mission statement on the head; the IRS is part of a long, slow campaign to condition the mind of the average person.

The intended effect is precisely the reason all of this has landed on your desk. I speak of "policy" and blind adherence to it, forfeiting due process and rule of law. That's 'why the the IRS;' a slow generation in the public mindset of this atmosphere in which compliance with authoritative, procedural say-so supersedes law as written. "Due process" is a cruel joke if allowed to become a perfunctory matter of paper shuffling, but that's precisely what the American public has been led to believe; nothing is certain but death and taxes.

Next: a bit of how the IRS became a fixture; fear... contortion... dangling half truths...

April 14, 2004

~ About the Author ~

Cliff Jones is a former aviator and teacher of many subjects, who in retrospect realized he had been amassing some rather disturbing knowledge through his frequent access to many of this nation's power elite. What he gathered later guided him in his studies, all of which ends up making for his wide-ranging commentary. He reports everything, which is vastly more simple than even he makes things out to be. He lives to educate and can be reached at civics101@stny.rr.com