After writing yesterday’s article about debt forgiveness, I started reading a new book, The Creature from Jekyll Island, by G. Edward Griffin. It is a 600-page book about the history of the Federal Reserve. By the time the day was over, I was more than halfway through it.
As I read, I realized why universal debt forgiveness is so important.
The forgiveness of debt will produce world peace because war cannot exist without debt.
Religion and political ideology may be used to motivate the masses to war. However, the real reason for all war is money.
I am not saying that modern day wars are fought to plunder, steal, and rob countries – although that certainly happens.
I am saying that the purpose of all war is to make money through the paying of the interest on the debt that is needed to fund the war.
Griffin carefully documents this practice from the 1700s to the present. He lists the bankers, the countries, and the kings who participated in the wars. He shows their relationships and how the wars could not have happened without the bankers funding both sides.
Griffin draws a direct line between the creation of The Federal Reserve in 1913 and the increase in size and scope of wars as demonstrated by World Wars I and II.
As I read, I learned that the American Civil War that took place in the 1860s was not so much about slavery as it was about economic issues between the North, the South, and Europe.
I learned that the sinking of the Lusitania, the event that brought the United States into World War I, was a carefully staged event. The English purposely took the ship though waters patrolled by U-boats so they could blame the Germans.
Indeed, a small torpedo, shot from a German U-boat hit the ship.
However, the torpedo didn’t sink it.
The evidence found at the wreckage site shows an internal explosion blew a hole in the ship that allowed this massive carrier to sink in only eighteen minutes.
As the Lusitania went to the bottom of the ocean, it took almost 1200 lives with it, including 195 Americans. Shortly thereafter, the emotional outcry of the American population spurred the United States Congress to declare war.
Why was it necessary for the United States to enter the war?
Just follow the money.
JP Morgan’s bank had loaned billions of dollars to England and France to fund their war efforts. As the war turned against these two countries, these debts were in danger of defaulting. The United States Government could not provide funding to England and France because it was a neutral country
However, once the United States entered the war, it could support its allies.
With the declaration of war, Congress approved a billion dollar debt package to fund it. The first three hundred million of this package went to England and France. These two countries used that money to make interest payments on their debt to Morgan’s bank.
Griffin recounts story after story of how war is all about the bankers’ pocketbooks.
In addition, he clearly describes how debt is used to create money.
Even though I have researched and written about this topic for almost a year, I didn’t completely wrap my brain about this process until yesterday.
What I finally understood is that someone is paying interest on every dollar that is in circulation. In fact, that dollar wouldn’t be in circulation unless someone had borrowed it.
I’ve heard this before but I didn’t believe it. Now, I know this is true.
I understood something else too.
There are not enough dollars in circulation to pay back all the debt.
Here is why.
Dollars are created when debt is created.
No dollars are created when interest is paid.
Therefore, once the first dollar of interest is paid, there is no longer enough money in circulation to pay all the debt.
It has been called the “biggest Ponzi scheme of all time.”
Now, I know why.
The only way to keep it going is to increase growth through the emotional acquiring of new items.
War is how bankers entice government and its citizens to do that at a billion dollar level.
Debt forgiveness would end this process.
I’ll write more about this tomorrow. Feel free to leave your comments below.