A Morally Sound and Economically
Prosperous America Means

A study by the Church of Scotland describes the central banking concept:
"The essential truth remains that the banking system monetizes the credit of the community, that is, its real wealth, and lends this money to the community as interest bearing debt...the basis of the banking system is on this account fraudulent in the strict sense of the word...the existing system of debt finance whereby practically all money comes into circulation as interest bearing debt is prejudicial to human well being, a drag on the development and distribution of wealth, finds no justification in the nature of things, and perpetuates a wrong conception of the function of money in human society...the credit of the community belongs to the community, and its transformation into community debt is morally wrong."

Congress created this unfair, unsound, and unconstitutional banking system

AND REFUSES TO DO ANYTHING ABOUT IT.
WE THE PEOPLE CAN DO SOMETHING ABOUT IT.

Written by Frank Wallace, No Bill Clinton in 1996, explores the Federal Reserve Banking System established by Congress in 1913. He discusses how our Country as a whole and as individuals can make a difference in correcting what he sees as a grave disservice to our Nation.

The following are excerpts from No Bill Clinton in 1996:

• To begin with, in spite of the "Federal" in its name, the Federal Reserve System FRS is privately owned; its stock held mostly by large New York banks. The President of the United States appoints its officers, but the Fed is legally independent; in a showdown, the President of the United States cannot tell the President of the FRS what to do.

  Most of America's present troubles, moral, social, political and economic, can be traced to using a fraudulent money system since 1913. Our present money system guarantees long term INFLATION.

  Abraham Lincoln wrote: "The Money Power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent that autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes."

  Sir Josiah Stamp, President of the Bank of England, in an informal talk to students at the University of Texas said, "Banking was conceived in iniquity and born in sin... Bankers own the world. Take it away from them, but leave them the power to create money... and with the flick of a pen, they will create enough money to buy it back again... Take this great power away from banks and all great fortunes like mine will disappear, and they ought to disappear because this would then be a better and happier world to live in...But if you want to continue to be the slaves of bankers, and pay the cost of your own slavery, let them continue to create money."

• To make government work as it was intended to work, two main changes are necessary:
  1. Replace the liberals who now control over government with responsible Americans. Those who put God, Family and Country first in their lives.

  2. Learn about money.

• Commercial banks deal mostly with individuals and companies; the (FRS) lends mostly to other banks, and to government, using its monopolistic power to create money.

  With its monopoly, the FRS is able to obtain interest-bearing government bonds, obligations of the United States, by simply making a credit to the government on its books, essentially exchanging nothing of value for the bonds. And the national debt, now about five trillion dollars, grows. No one, repeat, no one, has a rational and morally sound answer to why government should pay interest on borrowed money when it could issue the money interest free.

• America needs a sound and honest money system to prevent the two greatest dangers facing the American people:
  1. The continuation of the Federal Reserve System, which history and economic theory both show must lead to economic collapse.

  2. The increasing possibility of our unsound Fed system evolving into an international money system, run by private bankers, exercising political power without political accountability.