The dollar represents a one dollar debt to the Federal Reserve System. The Federal Reserve banks create money out of thin air to buy government bonds from the U.S. Treasury … and has created out of nothing a … debt which the American people are obliged to pay with interest.” —
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THE BANKERS’ MANIFESTO OF 1934
Capital must protect itself in every way, through combination and through legislation. Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law, the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of wealth, under control of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an IMPERIALISM of capital to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd. Thus by discrete action we can secure for ourselves what has been generally planned and successfully accomplished.
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