Central banks' monopoly

11-18-1999    Central banks' monopoly on supplying cash and bank reserves is relatively new.  In the 19th century, private banks in Britain and America issued competing currencies.  A return to such a “free-banking” era seems unlikely, but even if central banks' monopoly is not in danger, it may eventually become irrelevant,…like the Kremlin.  http://www.economist.com/node/260590

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  The British journalist and editor of The Economist magazine Walter Bagehot (1826-1877) points out the “anomalous” and potentially “very dangerous” situation of a government controlled, monopoly central bank but can’t quite bring himself to suggest it be replaced by free competition….One  (reason) was that he likened a monopoly central bank to the position of the monarch (like Queen Victoria) and free banking to that of a republican form of government.   A monopoly central bank currently existed in Britain and had done so for centuries, as did the monarchy, and to change either would be tantamount to a “revolution” which a sober Victorian gentleman like himself could never contemplate.  It would be better in his mind to “(obey)—without doubt, and without reasoning” and not delve too deeply into the legitimacy of either institution.    http://oll.libertyfund.org/quote/356

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Article 1, Section 9 of US Constitution  The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Article 1, Section 10

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts;

http://www.heritage.org/constitution

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4-1-2017      This privately held monopoly continues even today to give enormous power to a handful of international bankers...to issue America’s money, to set interest rates, to finance endless wars, and to enslave the American citizens, and the other nations of the world in a state of perpetual debt…. 

In 1923, Representative Charles A. Lindbergh, a Republican from Minnesota, and father of the famous aviator “Lucky” Lindberg stated, “The financial system has been turned over to the Federal Reserve Board. That board administers the finance system by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.”…

Money changers are those that lend money at excessive fees, and manipulate the quantity of money available to the public. Approximately two thousand years ago, Jesus threw the money changers out of the temple of Jerusalem for corrupting Judaism. It it said that this was the only time he resorted to the use of force during his entire ministry. This would be the crime that he would be charged with that resulted in his execution by crucifixion.

-Jesus attacking the money changers at a temple in Jerusalem. by Valentin de Boulogne (French 1591-1632)

As part of the Hebrews religious practices it was imposed upon them to go to their local place of worship, and pay a temple tax.  This tax could only be paid with a special coin, the half shekel of the sanctuary, which was one half ounce of pure silver. The half shekel was the only coin issued that was pure silver, and didn’t have an image of an emperor upon it.  In Judaism, the half shekel was the only coin considered acceptable by God.

The half shekels were not plentiful.  The money changers cornered the market on the coins, and like any other commodity, the religious leaders raised the price to whatever the market would bare.  The money changers made huge profits because they held a monopoly on the only money available as part of the Hebrew’s religious practices.  The Hebrews had to pay whatever the money changers demanded.  To Jesus this was an abomination that violated the sanctity of God’s house….

-Rothschild Red Shield

Fifty years after the Bank of England opened its doors, a goldsmith named Anselm Moses Bauer opened a coin shop in Frankfurt Germany.  Over the door of the business was a sign depicting a Roman eagle on a red shield.  The shop became known as the Red Shield Firm.  In the German language, Red Shield Firm translates into Rothschild….

In a letter Gouverneur Morris (representing PA at Constitutional Convention) wrote to James Madison on July 2nd 1787, he revealed what was the true motivation of the banking cartel, “The rich will strive to establish their dominion and enslave the rest. They always did. They always will. They will have the same effect here as elsewhere, if we do not, by the power of government, keep them in their proper spheres.”  https://criminalbankingmonopoly.wordpress.com

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     On December 23, 1913, the Senate adopted the conference report of Federal Reserve Act by a vote of 43 to 25, with every Democrat present voting for the measure and all but four Republicans voting against it.  (27 senators were “paired” or chose not to vote.)  Most senators immediately rushed to Union Station to catch trains home for the holidays, while the chief sponsors went to the White House.  https://www.senate.gov/artandhistory/history/minute/Senate_Passes_the_Federal_Reserve_Act.htm

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9-26-16  http://www.theepochtimes.com/n3/2162251-central-banks-are-close-to-centralizing-everything/