Then, no bank had its own building and bankers were but goldsmiths who lent money and rented space to do business. But after the moneylenders cut their bargain (and it was a bargain) with King William of England, things were never to be the same, either for England or the moneylenders - or the world. In 1694, by bailing King William out of his debts incurred by England's war with France, THE MONEYLENDERS ACHIEVED ENORMOUS POWER AND A NEW FOUND RESPECTABILITY. THEY NOW CALLED THEMSELVES BANKERS and would profit by the vast sums of credit that were to underwrite the greatest empire since imperial Rome - an era that is now about to end.

England ultimately leveraged its ability to wage war with credit into a world empire; and, the moneylenders, now called bankers, used England's power to spread their system of credit-based money across the world, multiplying and increasing their profits thereby. And although England's position as a world power has waned, the power of the moneylenders has grown. TODAY, BANKERS ARE EVEN MORE POWERFUL THAN GOVERNMENTS. But the triumph of the bankers will be temporary. It will be short-lived because THE UNITED STATES HAS NOW IRREPARABLY DAMAGED THE CREDIT-BASED SYSTEM THAT ENGLAND'S BANKERS SO CAREFULLY CONSTRUCTED.

Paper debt-based money issued by the Bank of England replaced the gold and silver coins previously circulating as money. The people deposited their savings of gold and silver in government approved banks which WERE GRANTED THE RIGHT TO MAKE LOANS IN THE AMOUNT OF TEN TIMES THEIR ACTUAL DEPOSITS and profit thereby by charging interest on those loans. To pay the interest due on the increasing amounts of debt created by credit based economies, economies have to continually expand. This was as true in Victorian England as it is today. When credit-based economies contract, the ability to service previously incurred debt is damaged. IF THE CONTRACTION IS SEVERE ENOUGH, THE ECONOMY WILL COLLAPSE. THIS IS WHAT IS ABOUT TO HAPPEN TO US ON A VERY GRAND SCALE.

In 1933, the US government enacted three measures: The Emergency Banking Relief Act, and the Glass-Steagall Acts, I and II. THE EMERGENCY BANKING RELIEF ACT OF 1933 WAS A MEASURE WORTHY OF ANY POLICE STATE. For the first time in history, citizens were prohibited from owning gold by their own government. Such a demand on a citizenry had never before been ordered. When Americans were told to turn over their gold to the US government, it was described as confiscation. IT WAS REALLY AN ACT OF TYRANNY. IT WAS ALSO AN INDICATION OF WHO REALLY CONTROLS THE US GOVERNMENT. This system, concocted by England's moneylenders, allows banks to issue loans in the amount of ten times the money they have on deposit, sic BANKS MAKE MONEY BY LOANING MONEY THEY DON'T ACTUALLY HAVE.

THE REMOVAL OF GOLD FROM THE MONETARY SYSTEM BY THE US IN 1971 REMOVED THE VERY FOUNDATION STONE OF THE MONEYLENDER'S SYSTEM OF CREDIT. The basis of the moneylender's credit was gold, albeit highly leveraged but still convertible on demand. When the US declared the US dollar no longer convertible to gold in 1971, all money, all currencies became fiat currencies, sic government issued coupons. This had never happened before in the history of the world; and we are now about to experience the consequences of that act. WHILE MANY MAY FEAR AN ECONOMIC SLOWDOWN IS IN THEIR FUTURE, FEW YET ARE AWARE OF THE SEVERITY OF THE COMING CONTRACTION AND COLLAPSE; AND FEWER STILL ARE AWARE OF THEIR GOVERNMENT'S COMPLICITY. The triumph of the moneylenders over government is almost complete and because of it, in the coming crisis governments will protect the interests of bankers, not the people.

David Hackett Fisher noted in THE GREAT WAVE - Price Revolutions and the Rhythm of History that price waves last from 80 to 120 years; that such waves end in economic collapse and the breakdown and transformation of societies. THE CURRENT PRICE WAVE BEGAN IN 1896. DO THE MATH. We are at the end of a price wave that marks the end of an epoch, the era of Victorian England. As Fisher states, such waves always end in economic collapse. Faith will be needed to get through the difficult times ahead.

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