Debt Free Money
There is no need for government borrowing or for the government to tax the People. As the government of a sovereign nation our government has the power to issue our money supply debt free. This is in fact the most important feature of the sovereignty of a nation. Without this power we are not a sovereign nation. We are banker’s debt slaves. As Banker Mayer Amschel Rothschild said “Let me issue and control a nation’s money and I care not who writes the laws.”
A People’s government issuing the money supply debt free is nothing new. In Australia this was achieved by the government owned Commonwealth Bank of Australia. (1)
In pre-independence USA the colonial governments issued debt free “colonial script” until this practice was prohibited by the English Currency Act. This was the real reason for the War of Independence. (2)
United States President Abraham Lincoln issued debt free Greenbacks and shortly after the Banker controlled The London Times printed the following: “If that ….. financial policy, which had its origin in the North American Republic, should become ……… a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history …….of the world.” Lincoln was soon after assassinated and the Greenbacks taken out of circulation. (3)
President John F Kennedy followed in Lincoln’s footsteps and was soon after assassinated. (3).
In England on the 7th August 1914, in order to avoid a run on the banks, the Treasury issued debt free Bradbury Pounds. (4)
The government owned Bank of Canada injected debt-free money into various infrastructure projects to help bring Canada out of the Great Depression and financed the enormously costly World War II war effort. (5)
In 1937 after 2 years of enquiry the Mr. Justice Napier, Chairman of the Australian Royal Commission on Money stated: ” the Commonwealth Bank can make money available to Governments or to others on such terms as it chooses, even by way of a loan without interest, OR EVEN WITHOUT REQUIRING EITHER INTEREST OR REPAYMENT OF PRINCIPAL.”(6)
The Reserve Bank of Australia recently typed into a computer $130 billion and made it available to the government for JobSave. Reserve Bank Creates Money Out Of Thin Air The Reserve Bank of Australia is owned by the People of Australia. There is no need to pay it back. If we are a sovereign nation and a democracy we have the the power to issue our own money. At 9.25 of his Speech on the 12th May 2020 Treasurer Josh Frydenberg told the Australian parliament a big fat lie. page 4 of the Transcript Josh said:- “Australians know there is no money tree. What we borrow today, we must repay in the future.” Sorry Josh. There is a “Money Tree”. God planted one right here in our country.
John Wooward 3/2/2019
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(1) History of the Commonwealth Bank
(3) Abraham Lincoln and John F Kennedy
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