Money without debt.
The money system of the Roman Republic was a money system created without debt to the government and to the people who pay its bills via taxes and the IRS without the use of gold or silver, Rome became mistress of the commerce of the world.
But then Julius Caesar changed the money supply drastically, even a main began making gold coins with his image on them and declared himself emperor of Rome for life, putting an end to Rome’s great experiment in elected government called the Republic.
Gold coins have always been the money of the rich, the representatives in the Senate hated gold money and the plutocracy, ruled by the rich, that gold money implies, although the Senate assassinated Julius Caesar gold money.
had now taken roots supported by the very rich and the dictators, they were able to buy with their gold.
After Julius Caesar was assassinated copper and brass coins were demonetized and removed from circulation in the quantity of available money was reduced by 90%.
Then Rome was sacked.
By the Visigoths and humanity was plunged into the Dark Ages with cheap government-issued money, the Roman Republic flourished, but with gold money it perished. This controversy between cheap money and gold money continues throughout history and is symbolized in part of the yellow brick road in The Wizard of Oz. In 1100 AD in England, there were no banks like we think of them today. The goldsmiths controlled the economy of the nation and even the monarchy by acting together, the goldsmiths.
either make the money plentiful or scarce, and when they made gold money plentiful, the economy of the nation flourished, but when they made the gold money scarce depression set in, and then they could buy out the assets of the distressed peoples for pennies on the dollar.
About 100 AD King Henry I, son of England’s first Norman king, William the Conqueror, was low on gold money, a series of costly wars and depleted the treasury, so Henry created a unique form of government created money called tally sticks, polished sticks of wood, usually hazelwood, issued by the government, by the king for payment of taxes.
This made wooden tally sticks just as good as any other form of money for payment of debts.
This effective debt-free money system lasted more than 700 years without needless debt, England flourished into the the greatest power on Earth for centuries at its peak, more than 95% of England’s money was in the form of tally sticks. Today, the only form of debt-free government issued money is in the form of coins, about 3% in the United Kingdom and far less than that in the United States after democratizing the monetary power of the nation with tally sticks, King Henry then
Decentralized political power itself. Then came the Charter of liberties, followed by the magnet Charta in 12:15. A merchant class began to develop.
In 1265, the first parliamentarian.
Elections were held, government by the people in England was born and in 1600 serfdom was legally banned, humanity in England was finally set free and the Bank of England was founded in 11694. Simple sticks of wood broke the debt money system of England.
Every dollar in circulation today is an interest-bearing debt created by the government by selling interest-bearing IOUs to the private non-federal Federal Reserve Bank. Americans are being robbed blind and they don’t even know who’s doing the robbing.
The bank is really making about 1,000% interest on that simple $100 deposit.
$100 at 5% equals 105 times 10 more.
$100 loans equals
1050 divided by 100 equals 1,050% interest.
This is why bank buildings are the biggest buildings in the town on the planet.
This system of lending way more than you have is called fractal reserve lending, FRL. All all of our money is created by banks lending money and
And thin air to people.
Companies or to the government.
While the government could simply issue its money debt-free in himself instead of borrowing it from the Federal Reserve Bank simply issue it itself debt-free for the benefit of all the people equally. Abraham Lincoln did it, others did it.
They shot him for it.
But the government is in bandwidth, in partnership with the private non-federal Federal Reserve Bank.
And our debt money system, someone has to borrow every dollar we have in circulation. If the banks create ample money, we are prosperous. If not, we starve.
When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position will be seen as incredible. It is the most important subject intelligent persons can investigate and reflect on. 1934, Robert H. Hemphill.
Credit manager of Federal Reserve.
Bank of Atlanta.
The government doesn’t need to go into debt. It can issue all the money it needs itself. What government officials can’t raise from taxes they borrow from banks and oligarchy is a group of powerful people who have hijacked the United States government by going into partnership with the private non-Federal Federal Reserve Bank. You can’t borrow yourself out of debt and no one is talking about the debt system that enslaves the people. The solution to this problem of debt is not new. The government should take
of the money supply all that matters is who controls its quantity.