Executive Summary The US Civil War had many private banking connections, including a desire by British private bankers to return the US to the state of a colony through a war. Introduction Slavery was a core issue of the US Civil War, but the war was instigated by European private banking interests that feared a…
Executive Summary It is often stated that governments must collect taxes to pay for their budgets. For governments that create their own money, this is false. Introduction When the government issues its own currency, taxes are not necessary. Taxes are necessary when a government cannot issue money (that is without a private central bank). However,…
Executive Summary Private banking always sets up a rigged system where elites benefit from free government money. Private banking ultimately desires to set up most of the society under debt peonage. Introduction This lack of fairness in a system run by private banking interests is explained in the following quotation. “What hides behind the banner…
Executive Summary Private banking always sets up a rigged system where elites benefit from free government money. Private banking allows these special interests to charge the public for the sovereign right of governments. Introduction This lack of fairness in a system run by private banking interests is explained in the following quotation. “What hides behind…
Executive Summary The Renminbi is a debt free money, and modeled on successful debt free monies throughout Asia. Mainstream economists and media cover the Renminbi without mentioning this important feature. Introduction The Chinese followed the American School of Economics and created their own debt-free currency in 1950. The Renminbi does not float against other currencies….
Executive Summary The Guernsey Pound is one of many examples of successful debt free money. There is no debt free money that private banking interests or compliant media want the public to know about. Introduction The debt free money issued by Guernsey that has been issued as needed, grown enormously over decades and has not…
Executive Summary It is often assumed that politicians understand the role of taxes are they are in the government. The evidence is that politicians do not understand that taxes are not used for expenditures. Introduction Goverments that can create their own money do not need or use tax receipts for government funding. Governments that can…
Executive Summary It is often stated that governments must collect taxes to pay for their budgets. For governments that create their own money, this is false. Introduction When the government issues its own currency, taxes are not necessary. Taxes are necessary when a government cannot issue money (that is without a private central bank). However,…
Executive Summary Debt ceilings are a scare tactic that supports private banking interests attempting to set arbitrary limits to the federal debt. The concept ignores the ability of governments to create money. Introduction Debt ceilings are hotly debated topics. Those individuals who do not take federal debt “seriously” are called “irresponsible” and passing on our…
Executive Summary Banks that serve a public service function exist in the US and Germany. These are the US credit unions and the German Sparkasse banks. About Credit Unions of the US Credit unions are local banks that were at one time set up as non-profits. They historically stuck to a narrow range of services…