“Banking was conceived in iniquity and born in sin. The bankers own the world. Take it away from them, but leave them the power to create money and control over that money, and they will create that money right back again. Take this power away from bankers and all great fortunes will disappear, and they ought to disappear, for this then would be a happier, better world to live in … But if you want to continue to be slaves to the banker and pay the cost of your own enslavement, then let the bankers continue to create money and control credit.”

Josiah Stamp, governor of the Bank of England during an informal talk to about 150 history, economic, and social science professors in the late 1920′s at the University of Texas.

"There are those who make money from productive work, and those who make no money - all because of those who only job is to make money from money." Peter Wilberg, founder of the National People's Party.


FOR FREEDOM FROM THE INTERNATIONAL BANKS!!!

Cameron and Co. are using the Big Lie of an out-of-control ‘national debt’ to enforce massive cuts in public spending, jobs and benefit – thus forcing the economy into recession and lowering the living standards of all but a tiny few. But if public spending needs such careful watching and dramatic cuts to reduce this ‘national debt’ how come the government was able to instantly come up with £1.35 trillion to bail out the banks?

Three more important questions that are never asked:

1. Who is the ‘national debt’ actually a debt TO? Answer: to private international banks.

2. How did the ‘national debt’ come about? Answer: through interest on debt to private banks - and then having to bail out those banks at massive expense when they get themselves into trouble through their own over-lending and 'exposure' to high-risk loans.

3. Why do governments need to keep on borrowing more from the international
banks? Answer: to keep pace with the accumulating interest on existing
debts to those banks.

And now for the most important question of all…

Why do governments need to borrow from private banks in the first place?

Here there are two answers:

1. Because the entire money supply of the country is in the hands of private banks.

2. Because the so-called ‘Bank of England’, like almost all other central banks – even if they are called ‘National’ banks – have long given up a most basic sovereign right of our nation. That is the right to issue its own interest-free money and inject it directly into the real bricks-and-mortar economy – instead of funnelling it into private investment banks who put government money into the ‘casino economy’ of the international financial markets. This is not the same thing as so-called 'Quantitative Easing' - which is nothing but governments buyubg debts to themselves (government bonds or securities) or sellubg them to the banks and markets to create money.

THE ‘GRIP OF DEATH’

The word ‘mortgage’ comes from French and literally means ‘grip of death’ (mort-gage). It applies not just to housing debt but to all interest-bearing ‘debt’.

Want to know how much we and other nations are in a ‘grip of death’ – the grip of their debt to the international banks?

Want to know how much the people, both in the U.K. and worldwide, are in debt to private international banks – and how much they have to pay to prop them up with bailout benefits?

The figures speak for themselves:

• Total benefits given by nations worldwide to bailout banks: $18 trillion
• Total U.K. public money spent to bail out private banks: £1.351 trillion
• Total unadjusted U.K. debt to private banks: £2.252 trillion:148% of GDP
• Total U.K. corporate debt to private banks – 126% of GDP
• Total U.K. domestic debt to private banks – 106% of GDP

FOR A NATIONAL PEOPLE’S BANK!!!

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes … Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

Napoleon Bonaparte

The National People’s Party affirms the sovereign right of our nation to issue its own interest-free money. We can only do this through the creation of a National People’s Bank – one not dependent on borrowing from private international banks and their global cartels such as the World Bank.

This is not a new idea – it goes back to Napoleon and to Abraham Lincoln. Its importance was recognised by the founding fathers of the U.S. constitution and by several U.S. Presidents such as Lincoln, Garfield and Kennedy - all of whom were assassinated. Abraham Lincoln:

“I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the republic is destroyed. The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principals the taxpayers will be saving immense sums of interest. Money will cease to be master, and become the servant of humanity.”


HOW A NATIONAL PEOPLE'S BANK WOULD HELP OUR PEOPLE

1.By having the power to offer interest-free credit to individuals, families and businesses.

2. By having the power to by-pass the private banking system and inject money directly into the real economy – for individuals and families in need, and for businesses, industry, transport, housing, health and education.

3. By reducing the debt and interest burden on companies – allowing them to reduce their prices and instead use their profits to increase both wages and investment – instead of squandering them on debt and interest payments to the banks. The net result will be an increase in demand for their products – with more people able to afford them - instead of upward pressure on prices and downward pressure on domestic sales, exports, wages and investment.

Just think! If a National People’s Bank had handed over £1.3 trillion directly to the people instead of the banks our economy would be booming - and not facing its worst recession since the Great Depression. We would not have bankers raking in billions of pounds in bonuses whilst at the same time millions of people struggle to make ends meet and not end up on the streets; to feed and clothe their families, pay off their mortgages and meet their other debts to private banks. But because the creation of a state-owned National People’s Bank will be a monetary revolution you can be sure that the big global banks and their institutions will fight it with all their power and every every means at their disposal, including all the major political parties, as well as the entire mainstream press and popular media – ‘the opium of the masses’.

Since it will need a national people’s revolution to beat the international banks, the most important question is - are you for it or against it? If you are up for it – then contact and join the National People’s Party right now! And forward this site to all your friends and colleagues. For much more information, analyses and links – including many explanatory videos on the nature of money and banking today - go to our main site.
To contact the NPP write to: info@thenewsocialism.org

FREQUENTLY ASKED QUESTIONS

What will happen to savings and pensions if interest is abolished?

Who can afford to save right now, except the rich? Who will need to save for private pensions if their state pension – granted by a National People’s Bank - is big enough? As for public and private pension schemes, we can see now that they were a scam right from the start - an attempt to buy off workers and reduce their wage demands – but one which will now bring few returns. And as we have seen in Americal in recent years, it is private banks that have bankrupted or wiped billions off the value of pension funds - just as it is governments such as ours that are in debt to private banks that now want to increase the contributions of employees to them.

Where will a National People’s Bank get its money from?

Where do private banks get their money from? No, not from savings accounts but from the loans they hand out and the interest they get on them. For they literally have the power to create the money for those loans out of nothing – just by entering a figure onto a customer’s account. And they are not required to hold in reserve anything more than a tiny fraction of the money they lend out – 10 per cent or less. If private banks are free to create ‘money from nothing’ in this way, then why can’t a public bank – a National People’s Bank? The only real reason is that the private banks would then lose the profitable interest on their loans – along with the power to seize the property of individuals, companies and whole nations who can’t afford to pay off their interest-laden debts. Private banks would also lose the power to lend and speculate with 90% or more of the money deposited in them – for example in your current account – accumulating interest and profits from which you get nothing.

How can any bank function without charging interest rates?

Hold on a minute! The tiny interest that some banks offer on current accounts is next to nothing. Unless you are rich therefore (in which case you would invest your money in shares or saving accounts and not current accounts) your current account is effectively and right now an interest-free loan to a private bank. In other words, it is the people who are the real lenders to the banks and not the other way round! Their money is actually our money - but it is they who can lend out 90% or more of it – at interest - to others. And because that money of ours which the private banks lend out ends up as deposits in other people’s accounts, the banks can lend out 90% or more of their deposits too - resulting in yet more deposits in other accounts from which they can lend out. In other words, for every £100.00 you deposit in your own current account you yourself gift your bank with £90.00 of interest-free money to lend out to others. And since every loan ends up as a deposit with the same or another bank - one that can also lend out up to 90% or more of this deposit - the mathematical result is that for every £100.00 that you either deposit in your bank or borrow for a purchase, you effectively gift the retail banks together with a total of at least £750.00 of interest-free money, all of which they can lend out and draw interest from for themselves!!!

How would a National People’s Bank change this system?

A National People’s Bank would totally reverse this system and turn it upside down completely – the literal meaning of ‘revolution’. Instead of the people giving money to private banks to lend out and speculate with for their own profit, a National People’s Bank would give money to the people to finance their real needs. For example, a National People’s Bank could pay a basic living wage to everyone – whether employed or not. This would give people the financial security and time they need to seek and engage in the type of work they really want to do, and not the type of jobs they have to do just to survive – jobs which in many cases do not pay a living wage and so force people into debt to (…guess who?)private banks!

Wouldn’t money creation by a National People’s Bank increase inflation?

On the contrary. Only a state-run National People’s Bank would have sufficient direct control of the nation’s money supply to regulate it in way that prevents inflation!And though we all know that VAT aadds to prices, almost no-one knows what proportion of the prices we pay goes to paying off the debt and interest burden of manufacturers. In Germany it has been estimated that on average, 33% of the price of goods does nothing more than repay interest to private banks. That is 13% more and 13% in addition toVAT!

What does the term 'financial crisis' really mean?

For private banks, the only ‘financial crisis’ that worries them is not the one that actually affects real people but the one that affects their own balance sheets. The financial debt crisis of the banks is like the ‘crisis’ of a vampire loan shark - who after having sucked dry the economic blood of a nation such as Greece to the point that its debts become unsustainable, then calls in national and international ‘bailiffs’ to demand that this nation nevertheless find more blood (more money ) from nowhere – for example by privatising national assets, imposing taxes and cuts on the already poor and unemployed and seizing their homes. As if this were not enough – or if it just worsens the abilities of a debtor nation to pay off their debt - the vampire banks then have the gall to demand that other debtor nations (such as Germany and France) group together to provide these banks with a totally free ‘blood infusion’ of money. This is called keeping the banks financially ‘liquid’. The so-called ‘bailout’ money used to keep these vampires ‘liquid’ however, does absolutely nothing to support the real economies of any of the debtor nations themselves - or else only goes to them in the form of further debts that are enforced on them by central banks such as the ECB or international banks such as the IMF.

How do the banks get away with it?

The financial vampirism of private banks is possible because whilst they are allowed to freely dispense vast sums of money as loans in order to suck as much interest as they can from them – no matter at what risk – they are not required to keep in reserve anything more than a tiny fraction of the money they lend out. This absurdity is the meaning of term ‘Fractional Reserve Banking’ - the result of which is that banks accumulate bloody and vastly bloated ‘credit bubbles’ - which then inevitably deflate and become a ‘credit squeeze’ or ‘credit crunch’ - one for which the peoples of debtor nations must foot the bill with ever more ‘blood money’. For if they did not they would face the loss of the money supply to their own national economies - for this is almost entirely in the hands, not of national governments, but of private banks. Yet having bloated themselves on fictional credit, these vampire banks end up having to hoard their money rather than lending it out to individuals, industries - or even to each other - leading to the ruination of national economies. Only the creation of fully public and state-owned National People’s Banks can solve the real financial crisis of people and nations into which both debts to the private vampire banks and having to paying for their crisis have got us.

Is the U.K. a single nation?

NO. It is a multi-national state. The NPP is therefore properly called 'The National Peoples' Party in the U.K.' It supports the transformation of the 'U.K.' into a genuine federation or commonwealth of devolved or fully independent nations - each free to create their own National People’s Banks. Of all the four 'nations' of the U.K.however, England however has probably the least remaining sense of its traditional national culture, values and identity. This has not been destroyed not by immigration and multi-culturalism. Instead the latter has now because the last defence against the global American capitalist culture of corporate greed, debt-fuelled consumerism and celebrity worship represented by America. Yet in its historic roots England is essentially a Germanic country, borne of migrating Angles and Saxons - into which it only later incoporated a multi-ethnic mixture of invading Roman, Danish, Nordic and Norman elements.


CONFESSIONS OF THE BANKERS

“Let me issue and control a nation’s money and I care not who writes the laws.”

Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”

The Rothschild brothers of London writing to associates in New York, 1863

“The bank hath benefit of interest on all moneys which it creates out of nothing.”

William Paterson, founder of the Bank of England

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented.”

“Banking was conceived in iniquity and born in sin. The bankers own the world. Take it away from them, but leave them the power to create money and control over that money, and they will create that money right back again. Take this power away from bankers and all great fortunes will disappear, and they ought to disappear, for this then would be a happier, better world to live in … But if you want to continue to be slaves to the banker and pay the cost of your own enslavement, then let the bankers continue to create money and control credit.”

Josiah Stamp, governor of the Bank of England during an informal talk to about 150 history, economic, and social science professors in the late 1920′s at the University of Texas.

“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.”

Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924

“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.”

H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955

“Banks lend by creating credit. They create the means of payment out of nothing.”

Ralph M. Hawtry, former Secretary to the Treasury

“Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower’s IOU.”

The Federal Reserve Bank of New York

“This is a staggering thought. We are completely dependent on the Commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it becomes widely understood, and the defects remedied very soon.”

Robert H. Hemphill, Credit Manager of Federal Reserve Bank, Atlanta, Georgia

Congressman Patman: How did you get the money to buy those 2 billion dollars’ worth of Government securities in 1933?”

Governor Eccles: “We created it.”

Patman: “Out of what?”

Eccles: “Out of the right to issue credit money.”

Patman: “And there is nothing behind it, is there, except our Government’s credit?”

Eccles: “That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”

Dialogue noted during hearings of the House Committee on Banking and Currency, September 30, 1941. Members of the Federal Reserve Board call themselves ‘Governors.’ Eccles was Chairman of the Federal Reserve Board at the time.

“This is a staggering thought. We are completely dependent on the Commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it becomes widely understood, and the defects remedied very soon.”

Robert H. Hemphill, Credit Manager of Federal Reserve Bank, Atlanta, Georgia

… AND THOSE WHO KNEW THE TRUTH

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”

Lord Acton (1834-1902) English historian

“Until control of the issue of currency and credit is restored to government and recognized as it most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and democracy is idle and futile … Once a nation parts with its credit, it matters not who makes the nation’s laws … Usury once in control will wreck any nation.”

William Lyon Mackenzie King, former Prime Minister of Canada

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”

John Adams, Founding Father

“The refusal of King George to allow the colonies to operate an honest money system which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution.”

Benjamin Franklin, Founding Father

“The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes.”

“I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavour to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the republic is destroyed.”

“The Government should create, issue, and circulate all the currency, and credits needed to satisfy the spending power of the Government, and the buying power of consumers. By the adoption of these principals, the taxpayers will be saving immense sums of interest. Money will cease to be master, and become the servant of humanity.”

Abraham Lincoln, assassinated President of the United States

“I believe that [private] banking institutions are more dangerous than standing armies … If the American people ever allow private banks to control the issue of currency … the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered.”

Thomas Jefferson

“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson…”

Franklin D. Roosevelt

“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to … provisions [which] would place our currency and credit system in private hands.”

Theodore Roosevelt

“Whoever controls the volume of money in our country is absolute master of all industry and commerce … and when you realize that the entire system is very easily controlled by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James A. Garfield, assassinated President of the United States

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.”

John Kenneth Galbraith, former professor of economics at Harvard

“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.”

The Earl of Caithness, in a speech to the House of Lords, 1997

“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.”

Senator Barry Goldwater

“Only the small secrets need to be protected. The big ones are kept secret by public incredulity.”

Marshall McLuhan

“We are grateful to the Washington Post, the New York Times, Time magazine and other great publications whose directors have attended our meetings and respected the promise of discretion for almost forty years.

It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But the world is now more sophisticated and prepared to march towards a world-government.

The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”

David Rockefeller, in an address to the Trilateral Commission Meeting, 1991

“A definite factor in getting a lie believed is the size of the lie. The broad mass of the people, in the simplicity of their hearts, more easily fall victim to a big lie than to a small one.”

Adolf Hitler

“In a time of deceit, telling the truth is a revolutionary act.”

George Orwell

“If you don’t know who the sucker is, then you’re it.”

gambler’s aphorism – reiterated by Warren Buffet,U.S. business magnate


For more articles and analyses of money and banking today, go to the main site of the National People's Party in the U.K. To contact or join the NPP mail
info@thenewsocialism.org