Letter: Invisinomics

As another school year begins, I was wondering: What are we teaching our kids these days? And more specifically, should we be teaching them the truth about money? Because that’s something my generation never learned in school. I always thought the government created our money and that the Federal Reserve was a branch of our government, not a private banking “cartel” owned by a few families, which now controls the money supply of nearly every country on the planet!

There are just a handful of these “central banks.” In the U.K., they deceptively named it the “Bank of England” and here the “Federal Reserve.” Amschel Rothschild once said, “Let me issue and control a nation’s money, and I care not who writes the laws.” And from Thomas Jefferson: “If the American people ever allow private banks to control the issue of their currency, these banks will deprive the people of all property until their children wake up homeless.”

You’re familiar with that saying “The truth will set you free, but first it will piss you off”? Get ready. These central bankers created their own “fractional-reserve lending system,” which means they can loan 10 times the amount they have in reserve. So they’re basically loaning you money they created out of thin air. But you have to pay them back — with interest!

Our founders wanted a system without debt and interest so you could borrow $100,000 to buy your house and then pay back $100,000 over 30 years. Instead, you’ll be paying the bankers $300,000. And if you can’t make the payments, they’ll take your house, your car, your property. Real assets! Fictional money.

So, money is actually created from debt. And our country “has to” borrow money from these banks, too. With interest! Here’s one more thing you should know. When these loans are made, the amount of that “principal” is added to the money supply, but not the interest! That’s right. All these loans can never be paid back, because the interest money doesn’t exist! More money has to be borrowed, and the debts keep growing. The greatest Ponzi scheme of all time! U.S. debt — $17 trillion. All national debts — $60 trillion. All personal and private debt — $100 trillion. Pardon my language, but what the f— are we doing? This is insane!

Of course you want to know the rest of the story, and what is “The Wizard of Oz” is really about? Dorothy’s slippers were made of silver (in the book), and she was following the yellow-brick “gold standard” to the land of Oz. And who is that man behind the curtain pulling the strings? Can you guess? You have to watch the award-winning documentary “The Secret of Oz” on YouTube. You have to know the secret. Then when your kids ask you where money comes from, you won’t have to say, “Well, Timmy, you see, when two 20s love each other very much, they can get together and make lots of little ones.”

Steve Saylor

Carbondale