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Allisone Heartsong
© 2002 In God We Trust
There is a very important point that I would like to make sure you understand. It is, in fact, a key to understanding the worldwide financial disaster which is now taking place on Planet Earth. Or to be more specific, it is a key to understanding how the psychopathic global elite have obtained their power to deceive and subjugate the rest of humanity.
When a bank loans you money, regardless of whether you have used a credit card or mortgaged property to obtain the loan, that money is created out of nothing by the bank. It is not money which has been obtained by the bank from previous loan payments or from previous savings deposits by the bank’s customers. It is fiat money, which has been created out of nothing, but which you are nevertheless legally obligated to repay together with interest. In other words, it is legalized extortion (see endnote 1).
This is true regardless of whether the rate of interest on the principal is one percent, ten percent, twenty percent, or even twenty-five percent. Even if the rate of interest were zero percent, the very fact that you are legally obligated to repay the principal of the loan still constitutes legalized extortion by legalized racketeers engaged in legalized fraud.
Extortion is the crime of obtaining money or some other thing of value by the abuse of one’s power or authority. A racketeer is a person engaged in organized illegalized activity such as extortion. And fraud is deceit or trickery perpetrated for profit or to gain some unfair or dishonest advantage.
Therefore, the fact of the matter is that we are now living in an Alice-in-Wonderland world where the bankers have devised a fraudulent legal system that allows them to operate a fraudulent financial system in which they are able to function, not only as financial magicians who create money out of nothing, but also as legal extortionists who are protected by the federal government which they have owned and controlled ever since they succeeded in bankrupting it by means of the Emergency Banking Act of 1933
It is also important to understand that fiat money, such as the paper currency known as the Federal Reserve Note which currently serves as legal tender in the United States, is unconstitutional money rather than constitutional money. Whereas constitutional money consists of gold and silver coins or certificates of deposit which are redeemable in gold and silver coins, Federal Reserve Notes are merely promissory notes representing a debt obligation of the U.S. federal government and are therefore unredeemable paper which is intrinsically worthless. Thus, although Federal Reserve Notes are denominated as "dollars" and contain the words "The United States of America", the fact is that they are unconstitutional dollars which should not be confused with the constitutional dollar that was defined by the Coinage Act of 1792 as either 24.75 grains of fine gold or 371.25 grains of fine silver. Article 1, Section 10, of the Constitution for the united states of America specifies that "No State shall . . . make anything but gold and silver coin as tender in payment of debts." And Title 12, Section 152, of the United States Code specifically requires that "Lawful money of the United States shall be construed to mean gold and silver coin."
What is even more important to understand is the fact that, if you have mortgaged property such as an automobile or a house or a farm for the purpose of obtaining a bank loan and are unable to continue making monthly mortgage payments to pay off that loan, the bank is then legally entitled to foreclose the mortgage and to take possession of that property regardless of how much money you have invested in it up to that point.
This is not merely legalized extortion, but legalized plunder; and far from being a rare occurrence, as most people have been misled into believing, this is the ultimate aim of the bankers’ game.
The truth is that humanity has been plundered by bankers for centuries. During the past century, however, the international bankers have succeeded in bankrupting virtually every nation in the world. As a consequence, the United Nations has now been transmogrified into a pathetic organization of bankrupted nations whose political leaders have no choice but to follow the orders of the international bankers who are exercising control from behind the scenes for the purpose of enslaving humanity in the guise of protecting humanity through the imposition of a totalitarian New World Order.
ENDNOTE 1: For further information, see "The American Voters vs. The Banking Industry: The Technical Guide to America’s Hope" by Tom Schauf (available at www.bankfreedom.com), and "The Secrets of the Federal Reserve." by Eustace Mullins.
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