Rich Banksters and Paupers, a brief outline of the mess we’re in right now…

The rich man (The United States Government) has over $350 billion in physical assets plus $250 billion in productive capacity and know-how, with 170 million stockholders.

The pauper (the Federal Reserve Bank) has assets of $52 billion with no productive know-how, and less than 100,000 stockholders.

And the pauper lends the rich man $300 billion to fight World War II.

Can you imagine the greatest corporation on earth, with 170 million stockholders and assets running over $600 billion, turning to a corporation with less than 100,000 stockholders and assets of only $52 billion to borrow money?

Can you imagine Rockefeller saying to his chauffeur:

“Tom, I am transferring my personal chequeing account, which is around $1 billion, to your account.

You may spend it as you please, provided that when I need some cash, you will hand it to me.

Of course, I will give you my note for cash I receive and pay interest on the note.”

Well, that is exactly what U.S. Congress did in 1913 when it passed the Reserve Act.

To fight World War II, U.S.A. gave the bankers of the United States $300 billion in U.S. Bonds that we might use the Nation’s credit.

In addition, U.S.A. permitted them to take a credit of $300 billion in their reserve accounts.

This gave them $2 trillion 100 billion bank credit.

These credits are to bankers what your deposit credits on their books are to you.

They can lend it, or buy investment obligations-it is cash to them!

So adding the $300 billion in Bonds to their bank credit, the bankers (the then paupers) came out of World War II $2 trillion 400 billion richer than before the War.

The United States Government (the then rich man), thanks to the stupidity and venality of her sons (congressmen), and newspapers and journals, came out of the War $300 billion in debt!

“You must not forget that there is a great deal of difference between a moral wrong and a legal right.”

Injuria Sine Damnum: legal injury without damage, or infringement of a legal right without damage. According to this maxim, a person is liable for his act which violates another’s right.

Damnum sine injuria : actual damage suffered without legal injury. In such case, the mere fact of damage does not mean there is an injury i.e. violation of Legal Rights.

Ubi Jus Ibi Remedium: whenever there is a legal right there is a remedy.

And maybe you have a true picture of banking and its evils, and say with Sir Josiah Stamp,

“… but as long as the nation will let men do this thing, a man is foolish not to be a banker.”

“Rich Banksters and Paupers” source: The Legalized Crime Of Banking By S.W. Adams.

MEADOR PUBLISHING COMPANY,
324 Newbury Street,
Boston 15, Massachusetts