1 00:00:08,080 --> 00:00:11,440 Hello, I'm Mark Anderson, US based correspondent for UK 2 00:00:11,440 --> 00:00:13,640 column. In my current assignment I'm 3 00:00:13,680 --> 00:00:17,360 doing more in the way of articles and interviews and this 4 00:00:17,360 --> 00:00:19,600 is a very interesting interview today. 5 00:00:20,600 --> 00:00:23,080 A little analogy. In Tolkien's Lord of the Rings, 6 00:00:23,080 --> 00:00:26,760 the main ring of power gives its possessor A menacing, 7 00:00:26,920 --> 00:00:29,040 all-encompassing control over the world. 8 00:00:29,240 --> 00:00:34,200 The modern analogy for that is the banking system, and in that 9 00:00:34,400 --> 00:00:38,360 Lord of the Rings, Soren's ring dominated the other nineteen 10 00:00:38,360 --> 00:00:41,480 rings of power. There were 20 in all, and there 11 00:00:41,480 --> 00:00:44,760 are indeed extra rings of power that match that story. 12 00:00:45,040 --> 00:00:48,760 The modern analogy for those government itself, media, big 13 00:00:48,760 --> 00:00:52,880 medicine, education, key think tanks and foundations, etcetera, 14 00:00:52,880 --> 00:00:56,880 etcetera, for the cause of freedom to truly succeed, these 15 00:00:56,880 --> 00:01:00,520 strongholds of power must be recognized for what they are 16 00:01:01,240 --> 00:01:04,640 upon which we can build knowledge and dismantle this 17 00:01:04,640 --> 00:01:08,040 axis of control. And that axis, truth be told, 18 00:01:08,040 --> 00:01:10,680 goes back to antiquity. Where to begin? 19 00:01:10,960 --> 00:01:14,160 We must begin with looking at the history of central and 20 00:01:14,160 --> 00:01:18,680 commercial banking, identify its key players and the illicit 21 00:01:18,680 --> 00:01:22,480 policies they put in place. And in particular, and this 22 00:01:22,480 --> 00:01:26,720 really ties into today's interview, dissect the specific 23 00:01:26,720 --> 00:01:29,440 techniques used to swindle us all. 24 00:01:29,920 --> 00:01:35,200 This system is indeed the stuff of magicians to ably aid us in 25 00:01:35,200 --> 00:01:38,560 better understanding monetary mysteries and machinations. 26 00:01:38,680 --> 00:01:42,080 My guest today is author and researcher Conrad Le Beau. 27 00:01:42,640 --> 00:01:44,880 Welcome, Conrad. I know you've got a lot to talk 28 00:01:44,880 --> 00:01:46,400 about. Very interesting, very well 29 00:01:46,400 --> 00:01:49,400 informed on these topics. Welcome to UK column. 30 00:01:50,360 --> 00:01:53,120 Well, thank you very much. Thank you for the invite and for 31 00:01:53,120 --> 00:01:57,800 your introduction. My name is Conrad Lebow. 32 00:01:57,800 --> 00:02:02,080 I was born in 1943, so I'm 82 years old. 33 00:02:02,920 --> 00:02:08,560 I try to stay as healthy as I can because I have a, a job to 34 00:02:08,560 --> 00:02:12,160 try to educate people first. First job is to educate myself 35 00:02:12,160 --> 00:02:18,960 on the banking system and I have to go back briefly to where I 36 00:02:18,960 --> 00:02:22,760 lived in Upper Michigan on a small dairy farm in the 1940s, 37 00:02:22,760 --> 00:02:27,320 nineteen 50s until about 1960, but it was around probably 38 00:02:27,560 --> 00:02:33,080 around 1955. We had a kind of small dairy, if 39 00:02:33,080 --> 00:02:38,520 I only had 29 dairy cows, as I recall, the same number as the 40 00:02:38,520 --> 00:02:41,120 year the stock market crashed here in the United States. 41 00:02:41,800 --> 00:02:44,560 But my father lived through the Depression. 42 00:02:44,840 --> 00:02:47,600 He was born 19 O 5 and he lived through the depression of the 43 00:02:47,600 --> 00:02:51,240 1930s. I'm sure he was stressed out by 44 00:02:51,240 --> 00:02:53,440 it. And then he listened to the 45 00:02:53,520 --> 00:02:57,320 broadcast, weekly broadcast of Father Charles E Coughlin coming 46 00:02:57,320 --> 00:03:00,880 out of Detroit, MI and he learned a lot and he became a 47 00:03:00,880 --> 00:03:05,040 sort of a go to person in the Upper Peninsula of Michigan on 48 00:03:05,040 --> 00:03:07,000 the money issue and the banking issue. 49 00:03:07,000 --> 00:03:11,720 And why do we have recessions? Why do we have depressions So to 50 00:03:11,720 --> 00:03:15,400 begin with, he explained to me why the stock market crashed in 51 00:03:15,400 --> 00:03:17,960 1929 and we went into a depression. 52 00:03:19,000 --> 00:03:20,760 There are two reasons he gave to me. 53 00:03:20,760 --> 00:03:24,960 And this is written in a report I've written, a report called 54 00:03:24,960 --> 00:03:28,320 the Critical Review, the Federal Reserve Act of 1913. 55 00:03:29,040 --> 00:03:33,840 You can download it for free on my website at lebowbooks.com. 56 00:03:34,400 --> 00:03:38,520 And that's spelled LeBeau, same as my last name, books.com. 57 00:03:38,880 --> 00:03:41,160 It's free for the download. And there's other books on 58 00:03:41,160 --> 00:03:44,160 health which I've written, and there's a written report 59 00:03:44,160 --> 00:03:48,520 available if you're interested. But the free download is about 60 00:03:48,520 --> 00:03:54,360 68 pages total, and half of that is exhibits, exhibits which are 61 00:03:55,000 --> 00:03:58,800 evidence of a crime going on, multiple crimes going on in the 62 00:03:58,800 --> 00:04:03,120 financial system of the United States that is in fact been 63 00:04:03,120 --> 00:04:06,880 exported or possibly even imported from Great Britain. 64 00:04:06,880 --> 00:04:09,240 But it's called fractional reserve banking. 65 00:04:10,360 --> 00:04:15,160 And it's its origins actually go back like almost 1000 years to 66 00:04:15,160 --> 00:04:20,120 when the Knights Templars began issuing letters of credit in 67 00:04:20,120 --> 00:04:21,800 Europe. And they were a Christian 68 00:04:21,800 --> 00:04:25,960 organization. And that started this. 69 00:04:25,960 --> 00:04:31,120 They started as a safe house to protect people's possessions and 70 00:04:31,120 --> 00:04:33,320 then they began lending the gold and silver. 71 00:04:33,440 --> 00:04:38,120 But what they did is they had paper back then as paper existed 72 00:04:38,120 --> 00:04:41,600 for thousands of years issuing letters of credit. 73 00:04:42,840 --> 00:04:45,440 And they would give these letters of credit and whoever 74 00:04:45,440 --> 00:04:49,800 presented them with some identification could retrieve 75 00:04:49,800 --> 00:04:54,600 the the valuables that they deposited at the safe bank or 76 00:04:54,600 --> 00:04:56,240 safe house is what they call them. 77 00:04:57,240 --> 00:05:00,320 So there would be gold and silver and diamonds and other 78 00:05:00,320 --> 00:05:03,920 valuables, and it would all be described on this letter of 79 00:05:03,920 --> 00:05:07,440 credit. This is a very primitive banking 80 00:05:07,440 --> 00:05:11,400 system that was set up by the Knights Templars and it spread 81 00:05:11,400 --> 00:05:16,680 throughout all of Europe. What the Knights Templars found 82 00:05:16,680 --> 00:05:19,840 is that rather than coming back for gold or silver, they issued 83 00:05:19,840 --> 00:05:23,240 these letters of credit. People would exchange, would 84 00:05:23,240 --> 00:05:27,520 pass the letter on to someone else, and then in effect, a 85 00:05:27,520 --> 00:05:30,560 letter of credit acted as a primitive currency. 86 00:05:31,520 --> 00:05:35,640 And then they, some dishonest people got into this Christian 87 00:05:35,640 --> 00:05:39,280 organization and they began issuing letters of credit for 88 00:05:39,280 --> 00:05:42,600 gold and silver they didn't have in stock because everybody 89 00:05:42,600 --> 00:05:47,200 believed it was there. And so they accepted these 90 00:05:47,200 --> 00:05:49,920 letters of credit and they use them as money. 91 00:05:50,920 --> 00:05:53,600 And then the Templars, of course, got around the, the 92 00:05:53,600 --> 00:05:56,040 Catholic churches or the Christian churches, I should 93 00:05:56,040 --> 00:06:00,000 say, because all of them were opposed to usury 1000 years ago. 94 00:06:00,680 --> 00:06:04,600 And today, of course, it's mainly the Muslim nations that 95 00:06:04,720 --> 00:06:07,800 are opposed to usury. At least some of them are. 96 00:06:09,040 --> 00:06:13,000 You know, what happened eventually is that they became 97 00:06:13,000 --> 00:06:17,880 so powerful, they never charged interest, but they they got all 98 00:06:17,880 --> 00:06:20,880 the crops from the finest vineyards of Europe. 99 00:06:21,720 --> 00:06:23,320 They got the benefits of the land. 100 00:06:23,320 --> 00:06:26,000 They didn't mortgage the land, but it is the production from 101 00:06:26,000 --> 00:06:31,080 the land that they got to keep. So they, it was a massive 102 00:06:31,080 --> 00:06:32,520 accumulation. They were the first 103 00:06:32,520 --> 00:06:34,640 international bankers, the Knights Templars. 104 00:06:35,520 --> 00:06:39,000 And sometime in this written, I think it's the 13th or 14th 105 00:06:39,000 --> 00:06:42,920 century, they were put out a business when the Pope turns 106 00:06:42,920 --> 00:06:46,800 against them. And the king of France, King 107 00:06:46,800 --> 00:06:51,000 Louis, figured he had all this gold and silver in him. 108 00:06:51,760 --> 00:06:54,160 So they shut them all down when they went and looked and they 109 00:06:54,160 --> 00:06:56,600 couldn't find virtually any gold or silver. 110 00:06:56,600 --> 00:07:00,240 They just found records. It was a record keeping system. 111 00:07:01,280 --> 00:07:04,040 And a record keeping system is today the foundation of the 112 00:07:04,040 --> 00:07:07,880 entire world banking system, not just the United States, it's 113 00:07:07,880 --> 00:07:12,400 England, any country that allows privately owned banks to exist 114 00:07:12,400 --> 00:07:16,240 and to create credit, which is a promise to pay money. 115 00:07:16,240 --> 00:07:18,120 It's credit is not actually money. 116 00:07:18,120 --> 00:07:21,600 Credit is a form of debt. It's an IOU. 117 00:07:22,240 --> 00:07:24,760 You have a debt, it's a promise to pay and you have credit. 118 00:07:24,760 --> 00:07:29,000 It's a promise to pay. One of the things I want to 119 00:07:29,000 --> 00:07:31,960 explain today is that banks actually don't lend money. 120 00:07:33,000 --> 00:07:35,520 If they lend money, the only thing they would lend would be 121 00:07:35,520 --> 00:07:39,800 cash, coins or currency. They wouldn't give you a check, 122 00:07:40,480 --> 00:07:43,480 they wouldn't give you a line of credit, whatever that is. 123 00:07:43,640 --> 00:07:47,280 That's some numbers stored on their books or on the banks 124 00:07:47,280 --> 00:07:51,440 computers. They would give you actual cash, 125 00:07:51,440 --> 00:07:53,600 but they don't lend cash. If they lend cash, then I'll be 126 00:07:53,600 --> 00:07:56,480 out of business. So they lend something fictional 127 00:07:56,480 --> 00:07:58,800 called a letter, not a letter of credit. 128 00:07:58,800 --> 00:08:01,240 It's could be a check, could be a money order. 129 00:08:02,280 --> 00:08:05,400 And then of course it's gone to their plastic money, which is 130 00:08:05,400 --> 00:08:09,080 just numbers that move between computers with credit cards and 131 00:08:09,080 --> 00:08:12,680 debit cards. On a debit card, you simply move 132 00:08:12,680 --> 00:08:16,040 numbers called dollars or pounds or whatever country you're in 133 00:08:16,840 --> 00:08:20,520 from one computer to another. With a credit card, the money is 134 00:08:20,520 --> 00:08:22,560 actually created at the time you swipe the card. 135 00:08:22,560 --> 00:08:28,120 It doesn't exist, but it only exists as a promise to pay money 136 00:08:28,120 --> 00:08:33,240 on the part of the banks, which I believe that the I can't 137 00:08:33,240 --> 00:08:36,280 positively have investigated this, but I am certain that 138 00:08:36,280 --> 00:08:39,080 banks will be the only ones that could finance a credit system, 139 00:08:39,679 --> 00:08:41,840 and they do it with their fictional dollars. 140 00:08:42,559 --> 00:08:45,760 So to the habit of something called convenience. 141 00:08:46,600 --> 00:08:51,000 OK, people into history would prefer to carry a piece of paper 142 00:08:51,000 --> 00:08:54,040 in your pocket, then gold and silver coins. 143 00:08:54,680 --> 00:08:57,360 Gold and silver coins, you could lose them, somebody could rob 144 00:08:57,360 --> 00:09:02,040 them and they they could wear a hole in your clothes and fall to 145 00:09:02,040 --> 00:09:04,200 the ground. A lot of things like that. 146 00:09:05,520 --> 00:09:08,640 Currency basically is no different than a check, except 147 00:09:08,640 --> 00:09:14,720 it's issued by the government as as a check that doesn't expire. 148 00:09:14,720 --> 00:09:21,040 It's just it's legal tender. Money itself is the artificial 149 00:09:21,040 --> 00:09:24,640 creation of man. It's the artificial creation of 150 00:09:24,640 --> 00:09:28,080 governance. Money does not exist in nature. 151 00:09:29,360 --> 00:09:33,040 You've never seen two squirrels get together with with some 152 00:09:33,040 --> 00:09:37,960 coins or a credit card and want to, you know, purchase nuts that 153 00:09:37,960 --> 00:09:42,920 the other squirrel gathered. You never see that doesn't exist 154 00:09:42,920 --> 00:09:44,920 in nature. They will steal it from each 155 00:09:44,920 --> 00:09:48,720 other or they'll just claim their territory and nature. 156 00:09:48,720 --> 00:09:51,840 There is there is no money, there is no banks, there are no 157 00:09:51,840 --> 00:09:55,320 corporations, there is no money and there is no debts. 158 00:09:56,440 --> 00:10:00,960 So it sounds, is it? Is what we've created really 159 00:10:00,960 --> 00:10:03,880 better than what? Than the natural, than what 160 00:10:03,880 --> 00:10:06,360 exists in nature? Probably not a lot better, but 161 00:10:06,360 --> 00:10:10,920 for a modern civilization you do need a system of credit. 162 00:10:11,680 --> 00:10:18,240 Now when my father told me back in 195556 about this, they put a 163 00:10:18,240 --> 00:10:22,240 very dark cloud over me and I said, well, what can be done? 164 00:10:22,240 --> 00:10:25,520 We have a debt usury money system now. 165 00:10:25,520 --> 00:10:28,360 Debt usury money system means money does not come into 166 00:10:28,360 --> 00:10:31,160 existence because the government prints it and spends it. 167 00:10:32,360 --> 00:10:34,240 Because they don't do that. They give it to the banks for 168 00:10:34,240 --> 00:10:36,720 free. And how the banks get it for 169 00:10:36,720 --> 00:10:38,680 free? Oh, they pay a token. 170 00:10:38,680 --> 00:10:42,240 They pay a little bit of money for the currency they purchase. 171 00:10:43,040 --> 00:10:46,120 In 1981, I wrote to my congressman with a list of 172 00:10:46,120 --> 00:10:50,360 questions. I lost the complete set of 173 00:10:51,480 --> 00:10:54,720 letters that I had written to Congressman Henry Royce at the 174 00:10:54,720 --> 00:10:58,720 time, and he himself comes from a banking family that know the 175 00:10:58,720 --> 00:11:00,080 answers. So he wrote to the Federal 176 00:11:00,080 --> 00:11:03,480 Reserve Board, and I asked him how does money enter 177 00:11:03,480 --> 00:11:07,520 circulation? And the Special agent for the 178 00:11:07,520 --> 00:11:12,120 Federal Reserve Board wrote back step by step explaining how it 179 00:11:12,120 --> 00:11:17,520 is. He said the banks, the Federal 180 00:11:17,520 --> 00:11:22,920 Reserve banks, buy currency for the cost of printing from the US 181 00:11:22,920 --> 00:11:29,640 Mint, and at that time they were paying $20.60 per thousand notes 182 00:11:29,640 --> 00:11:34,840 regardless of denomination. So that's a $20 bill and $0.60. 183 00:11:34,840 --> 00:11:41,800 You could buy $1001.00 bills, $1005.00 bills, $1010.00 bills, 184 00:11:41,800 --> 00:11:47,000 $1020.00 bills, $1050 bills, or $1100 bills. 185 00:11:48,160 --> 00:11:54,320 So if you bought $1100 bills for $20.60 you have the legal tender 186 00:11:54,320 --> 00:11:56,560 value of 100,000 in your possession. 187 00:11:58,200 --> 00:12:04,200 So I wrote in 2024 I saw 12 different files or documents 188 00:12:04,200 --> 00:12:09,920 from the Federal Reserve Board and I asked them are there how 189 00:12:09,920 --> 00:12:12,880 much interest do the banks pay on free cash? 190 00:12:13,720 --> 00:12:23,480 Well, there is a a smoke and mirrors how this go is, is this 191 00:12:23,480 --> 00:12:27,880 way in the Federal Reserve Act, which is really the National 192 00:12:27,880 --> 00:12:33,120 Banking Act of 863 on steroids and the National Banking Act of 193 00:12:33,120 --> 00:12:40,080 8601863, which Abraham Lincoln probably didn't read because he 194 00:12:40,240 --> 00:12:45,720 he trusted his his Treasury Secretary, Samuel Chase. 195 00:12:47,120 --> 00:12:50,320 Banks could take government bonds they purchase and go to 196 00:12:50,320 --> 00:12:53,920 the Treasury and they would get an amount of currency equal to 197 00:12:53,920 --> 00:12:57,960 the total value of the bond. But at the same time, they 198 00:12:57,960 --> 00:12:59,960 continue to collect interest on the bond. 199 00:12:59,960 --> 00:13:04,680 So they wrote the law in such a way that they pretended was a 200 00:13:04,680 --> 00:13:06,520 loan, but it actually wasn't alone. 201 00:13:08,080 --> 00:13:11,320 So I asked him, is any of this cash in my freedom and forever 202 00:13:11,320 --> 00:13:13,880 been paid back? And their answer I got to all 12 203 00:13:13,880 --> 00:13:16,160 files from the Federal Reserve Board. 204 00:13:16,160 --> 00:13:19,120 We have no files for the documents you're requesting, 205 00:13:20,200 --> 00:13:23,080 which is there a way of, you know, pleading their, their 5th 206 00:13:23,080 --> 00:13:25,520 Amendment rights not to incriminate themselves that 207 00:13:25,520 --> 00:13:30,000 they're involved in a, in legal theft under color of law 208 00:13:30,000 --> 00:13:36,400 basically. So what am I adding this? 209 00:13:37,920 --> 00:13:40,520 If I, if I may, Conrad. I'll make a couple of it. 210 00:13:41,040 --> 00:13:45,160 A couple brief observations. I've also heard a definition of 211 00:13:45,160 --> 00:13:49,920 credit from like Brian Moynihan of the economic democracy 212 00:13:49,920 --> 00:13:53,160 movement that went through the UK in the early 9, early 20th 213 00:13:53,160 --> 00:13:55,840 century. Credit is also the ability of 214 00:13:55,840 --> 00:13:59,920 people to produce and the confidence that people have to 215 00:13:59,920 --> 00:14:02,720 associate and produce. In other words, the people's 216 00:14:02,720 --> 00:14:06,560 credit is the productive capacity and the confidence that 217 00:14:06,560 --> 00:14:10,040 they have in that productive capacity to produce goods and 218 00:14:10,040 --> 00:14:14,160 services against which money is spent, because money essentially 219 00:14:14,160 --> 00:14:16,960 is inert and it's it's essentially worthless if there's 220 00:14:16,960 --> 00:14:19,720 nothing to purchase. So the people have to have 221 00:14:19,720 --> 00:14:24,120 confidence in themselves, their credit, IE to produce goods and 222 00:14:24,120 --> 00:14:28,000 services, thereby giving money its circulatory value. 223 00:14:28,160 --> 00:14:31,760 Just just an observation kind of kind of academic, but it kind of 224 00:14:31,760 --> 00:14:35,160 rounds out what banks see as credit versus the people's 225 00:14:35,160 --> 00:14:37,400 credit. It's kind of a flip side. 226 00:14:37,400 --> 00:14:40,200 But but go ahead, go, go on that track that you're on. 227 00:14:41,440 --> 00:14:45,360 OK, well, credit is, is a form of debt. 228 00:14:45,440 --> 00:14:46,960 It's it's a promise to pay money. 229 00:14:46,960 --> 00:14:50,600 Now, if you look at the US Constitution, there's a clause 230 00:14:50,600 --> 00:14:53,600 in there that says Congress shall have the the power to 231 00:14:53,600 --> 00:14:56,120 borrow money on the credit of the United States. 232 00:14:56,960 --> 00:15:02,160 Well, money and credit can't be the same thing because if that 233 00:15:02,160 --> 00:15:05,720 is Congress has the power to borrow money on the money of the 234 00:15:05,720 --> 00:15:08,640 United States, well, then why is Congress borrowing any money at 235 00:15:08,640 --> 00:15:11,360 all? Or if it was worded that 236 00:15:11,360 --> 00:15:14,080 Congress has the power to borrow credit on the credit of the 237 00:15:14,080 --> 00:15:17,200 United States, why would we borrow a promise to pay money? 238 00:15:18,680 --> 00:15:27,080 It's like, well, it's the it's it's absurd, but it's based on 239 00:15:27,080 --> 00:15:30,680 the faith and it's based on deception because there are some 240 00:15:30,680 --> 00:15:35,440 things about banking that are not widely understood here. 1 is 241 00:15:36,160 --> 00:15:41,400 the nature of money. When the safe houses were set up 242 00:15:41,800 --> 00:15:48,440 809 hundred years ago in Europe, people trusted letters of credit 243 00:15:48,440 --> 00:15:51,400 because they every time they went there, there was gold or 244 00:15:51,400 --> 00:15:54,080 silver. But The thing is that because it 245 00:15:54,080 --> 00:15:58,760 was a savings, people keep bringing cash into a bank. 246 00:15:58,760 --> 00:16:03,240 They would bring gold, silver, copper coins, whatever valuables 247 00:16:03,240 --> 00:16:06,160 they had or debt that was used like as money. 248 00:16:06,760 --> 00:16:11,080 So it's your faith in the system that sustains it. 249 00:16:12,040 --> 00:16:15,920 It's deception that gives Bankster power. 250 00:16:17,040 --> 00:16:19,520 Bankers aren't especially international. 251 00:16:19,520 --> 00:16:22,400 Bankers have the unique qualities of being the best con 252 00:16:22,400 --> 00:16:25,840 artists in the world and the best magicians in the world. 253 00:16:26,520 --> 00:16:29,320 And you combine those two skills together and you have something 254 00:16:29,320 --> 00:16:32,400 called banking. Because the banks were lending 255 00:16:32,400 --> 00:16:35,960 actual money, they would only lend cash, coins, or currency 256 00:16:36,440 --> 00:16:39,040 checks. E funds, E funds is all 257 00:16:39,040 --> 00:16:43,800 fraudulent. You can't take numbers and move 258 00:16:43,800 --> 00:16:46,360 them from one computer to another and say that's money, 259 00:16:46,960 --> 00:16:50,320 That's a record of money. It's a record of money that's 260 00:16:50,320 --> 00:16:53,760 supposed to be in the vaults. But the money is never even, 261 00:16:53,760 --> 00:16:58,760 never really there. Most people, when you look at a 262 00:16:58,760 --> 00:17:03,040 bank, you think that banks will pay you interest on a deposit. 263 00:17:03,880 --> 00:17:07,280 And then you figure that the that's what the banks lend out, 264 00:17:07,280 --> 00:17:10,280 what other people deposit. Actually, it's not. 265 00:17:11,480 --> 00:17:14,280 There's an internal rule in the banking system which they 266 00:17:14,280 --> 00:17:18,160 haven't disclosed to me, but it's, it is my logical analysis. 267 00:17:18,160 --> 00:17:23,839 The only thing that would make any sense if they lent out the, 268 00:17:25,480 --> 00:17:29,280 the customers who deposited money in the bank, then when you 269 00:17:29,280 --> 00:17:31,560 went to the bank to withdraw your money, it wouldn't be that, 270 00:17:31,560 --> 00:17:33,080 well, we haven't collected it yet. 271 00:17:34,240 --> 00:17:36,000 No. And it's, it's the most, the 272 00:17:36,000 --> 00:17:39,200 most clever thing that only a magician could perform. 273 00:17:40,080 --> 00:17:44,880 The bankers actually create the credit that they lend when they 274 00:17:44,880 --> 00:17:46,920 make a loan. They don't, They actually create 275 00:17:46,920 --> 00:17:49,160 the money. All of them do, including credit 276 00:17:49,160 --> 00:17:51,960 unions. So credit unions actually don't 277 00:17:51,960 --> 00:17:53,240 lend money. They'll lend credit. 278 00:17:53,240 --> 00:17:57,120 Banks don't lend money either. They lend credit, which is a 279 00:17:57,120 --> 00:18:00,600 promise to pay money. And because those promises to 280 00:18:00,600 --> 00:18:05,720 pay money are trusted by people or they're accepted, even if 281 00:18:05,720 --> 00:18:08,160 they're not trusted, they're accepted like credit cards are 282 00:18:08,160 --> 00:18:10,320 accepted. Credit cards actually aren't 283 00:18:10,320 --> 00:18:12,200 money. Debit cards aren't money. 284 00:18:12,800 --> 00:18:16,520 Lines of credit aren't money. These are all credit 285 00:18:16,520 --> 00:18:19,280 instruments. If you go to a bank, no matter 286 00:18:19,280 --> 00:18:23,400 what you bring there, it's converted into a record on the 287 00:18:23,400 --> 00:18:26,480 computer right now. In the past, it was just books 288 00:18:26,480 --> 00:18:32,640 when he had written records. So all of it is converted into a 289 00:18:32,640 --> 00:18:36,120 digital form. The world's monetary system 290 00:18:36,120 --> 00:18:39,720 right now is controlled by computers, and a lot of other 291 00:18:39,720 --> 00:18:42,200 things in this world are controlled by computers. 292 00:18:43,360 --> 00:18:48,800 So computers in fact control this this very broadcast, but 293 00:18:48,800 --> 00:18:52,600 they have different purposes. When a computer is used for 294 00:18:52,600 --> 00:18:55,280 deception, and it's not a very good purpose. 295 00:18:57,960 --> 00:19:00,800 If you go to a bank, no matter what you deposit, it was whether 296 00:19:00,800 --> 00:19:07,800 it's coins, checks, money orders, bank drafts, whatever 297 00:19:07,800 --> 00:19:10,960 name you want to give it, it's converted into a record. 298 00:19:11,880 --> 00:19:14,360 And that record is in the A file. 299 00:19:14,880 --> 00:19:16,280 Yeah. But checking and savings 300 00:19:16,280 --> 00:19:19,160 account, they have them on a computer basically in the same 301 00:19:19,160 --> 00:19:21,240 file. They just got to hit another 302 00:19:21,240 --> 00:19:23,760 button to see whether your savings or checking account is. 303 00:19:24,400 --> 00:19:27,720 But it's not in the bank vault, it's in the computer. 304 00:19:29,040 --> 00:19:30,840 So why do they have any cash at all? 305 00:19:30,840 --> 00:19:35,480 Because cash is like the jumping rabbit that comes out of the hat 306 00:19:35,480 --> 00:19:38,760 by the magician. You think you believe that 307 00:19:38,760 --> 00:19:43,520 there's cash behind all these checks, but it's not there never 308 00:19:43,520 --> 00:19:46,280 was there. And it's the nature of money. 309 00:19:46,280 --> 00:19:50,080 People keep bringing their cash to the bank and as long as they 310 00:19:50,400 --> 00:19:53,560 people are fooled into believing that the cash is there to back 311 00:19:53,560 --> 00:19:58,120 up these checks, credit cards, debit cards, whatever, they keep 312 00:19:58,120 --> 00:20:00,520 accepting it as money. It's called equivalent. 313 00:20:01,840 --> 00:20:04,400 Equivalency doesn't work for anything real. 314 00:20:05,640 --> 00:20:07,240 You couldn't have a digital hamburger. 315 00:20:07,240 --> 00:20:10,240 It would have no calories. It wouldn't taste like a 316 00:20:10,240 --> 00:20:13,400 hamburger. A digital hamburger would say 317 00:20:13,400 --> 00:20:18,120 you just had the meat on a hamburger and see how to bake. 318 00:20:19,240 --> 00:20:21,720 And they said, well, we have digital hamburgers for sale 319 00:20:21,720 --> 00:20:23,680 today. They're a dollar a piece, 320 00:20:23,680 --> 00:20:27,440 quarter pound. Oh, well, that'd be interesting. 321 00:20:27,560 --> 00:20:29,480 I'd like to try one and see what it's like. 322 00:20:30,600 --> 00:20:34,680 So you get a hamburger and a toasted sesame seed mun which 323 00:20:34,680 --> 00:20:37,920 you like fried onions or wrong onions on it, ketchup, mustard, 324 00:20:38,080 --> 00:20:42,880 Pickles, the works. OK, so they fill it up in the 325 00:20:42,880 --> 00:20:47,200 sesame seed mun and in between the sesame seed mun in the 326 00:20:47,200 --> 00:20:52,320 middle of all this sauce and and seasonings they put on it is a 327 00:20:52,320 --> 00:20:54,000 picture of a quarter pound burger. 328 00:20:54,920 --> 00:20:57,960 That's what you get between your two pieces of sesame seed mun. 329 00:20:58,840 --> 00:21:02,240 So when you eat it, you take a bite on it and you say, what's 330 00:21:02,240 --> 00:21:04,040 the picture of a hamburger doing in here? 331 00:21:04,040 --> 00:21:08,240 Well, that's the digital dollar. That's why it was so cheap. 332 00:21:08,240 --> 00:21:12,000 I'd actually, if it was totally digital, that's partial digital, 333 00:21:12,520 --> 00:21:14,760 totally digital, the whole thing would have been a picture of a 334 00:21:14,760 --> 00:21:16,240 hamburger that was a quarter pound. 335 00:21:17,520 --> 00:21:19,440 So you see, you can't eat in digital. 336 00:21:19,720 --> 00:21:22,720 There's no intrinsic value there that means anything. 337 00:21:23,920 --> 00:21:28,920 If you milk coins, you take away the writings on a piece of paper 338 00:21:28,920 --> 00:21:31,760 called currency or a check, then it's just a piece of paper. 339 00:21:31,760 --> 00:21:34,960 It has no value. If you take away the numbers on 340 00:21:34,960 --> 00:21:37,760 debts, then debts have no value, They cease to exist. 341 00:21:37,760 --> 00:21:41,520 Now that's what you call bankruptcy. 342 00:21:42,440 --> 00:21:45,520 So. A couple of points of clarity on 343 00:21:45,520 --> 00:21:48,960 this one, Conrad, because you're digging a pretty deep rabbit 344 00:21:48,960 --> 00:21:51,560 hole. So just for the for the sake of 345 00:21:51,560 --> 00:21:56,080 the audience, one of the things I understand is that when you 346 00:21:56,320 --> 00:22:00,760 make a deposit, it's a demand deposit in the, in the bank's 347 00:22:00,760 --> 00:22:05,600 computer accounts, as you say. And that demand deposit is a 348 00:22:05,600 --> 00:22:09,760 liability to the bank because if you come to get your money, they 349 00:22:09,760 --> 00:22:15,000 have to make good on it. So if you get a loan, they, they 350 00:22:15,000 --> 00:22:23,960 basically monetize or make a, a, an, an instrument, a, a, a 351 00:22:23,960 --> 00:22:27,960 certain legal instrument out of your, your loan application. 352 00:22:28,320 --> 00:22:30,320 And then that's converted to a loan. 353 00:22:30,320 --> 00:22:33,840 And they, and they have, there's a, a deposit in your name, a 354 00:22:33,840 --> 00:22:37,720 demand deposit. And the money owed to the bank 355 00:22:37,720 --> 00:22:39,880 with interest is the bank's asset. 356 00:22:40,320 --> 00:22:43,600 But the, but the actual account in your name from getting that 357 00:22:43,600 --> 00:22:47,280 loan is a liability to the bank because they have to make good 358 00:22:47,280 --> 00:22:50,920 on it if you were to come and want it all in cash. 359 00:22:51,360 --> 00:22:54,720 So in other words, it's one of those counterintuitive things. 360 00:22:56,160 --> 00:22:57,760 It, it's kind of a duality there. 361 00:22:57,760 --> 00:23:02,600 The, the, the deposit is an asset to the bank once again, 362 00:23:02,600 --> 00:23:06,440 because they, they get payments on the loan with interest sent 363 00:23:06,440 --> 00:23:08,360 to the bank from you, the consumer. 364 00:23:08,840 --> 00:23:13,160 And yet at the same time, it, it's a liability should you want 365 00:23:13,160 --> 00:23:16,160 to convert that whole, that whole thing into cash rather 366 00:23:16,160 --> 00:23:20,520 than, you know what I mean, If you wanted the loan all at once 367 00:23:20,520 --> 00:23:23,840 rather than writing checks on the loan incrementally, that 368 00:23:23,840 --> 00:23:25,480 that's another dimension of this. 369 00:23:25,840 --> 00:23:27,280 I don't know if you want to comment on it. 370 00:23:27,280 --> 00:23:28,160 It can. It can just. 371 00:23:29,680 --> 00:23:33,040 I'll tell you what it you it's, it's it's like a financial 372 00:23:33,040 --> 00:23:35,640 Rubik's Cube. When you think you have it 373 00:23:35,640 --> 00:23:40,040 figured out and you turn 1 of the the dice on this Rubik's 374 00:23:40,040 --> 00:23:42,280 Cube, you get a different picture of what's going on. 375 00:23:42,800 --> 00:23:46,960 What it really is is they have banks. 376 00:23:46,960 --> 00:23:48,840 There are two phases of debt here. 377 00:23:48,840 --> 00:23:54,400 The banks demand deposits are what people deposit in the bank 378 00:23:54,400 --> 00:23:56,080 that the bank owes their customers. 379 00:23:56,840 --> 00:23:59,920 When the banks make a loan, they don't actually take the money 380 00:23:59,920 --> 00:24:03,680 out of their account. Because if you go to a bank and 381 00:24:03,680 --> 00:24:06,240 if you don't believe me, go to a bank and borrow money and tell 382 00:24:06,240 --> 00:24:11,400 them, just ask him a question. Just tell him, you know, I, I 383 00:24:11,400 --> 00:24:13,960 know I'm not mine, I'm not Colombo, but I'm going to ask 384 00:24:13,960 --> 00:24:15,760 you a question from this Hollywood actor. 385 00:24:15,760 --> 00:24:17,520 He's always would ask a dumb question. 386 00:24:18,760 --> 00:24:21,480 You said, you know, whose account are you taking the money 387 00:24:21,480 --> 00:24:27,320 out of to give me this loan? And they, and they will give you 388 00:24:27,320 --> 00:24:29,560 an answer. They'll the channel drop. 389 00:24:30,400 --> 00:24:33,240 You say, I don't know actually, we're not taking money out of 390 00:24:33,240 --> 00:24:36,240 any account. So that's the reality. 391 00:24:36,240 --> 00:24:39,080 You're not actually taking money that you deposit, but they're 392 00:24:39,080 --> 00:24:42,560 paying you money. And the reason they're doing 393 00:24:42,560 --> 00:24:46,080 that and the reason why banks pay for deposits, because the 394 00:24:46,080 --> 00:24:49,960 internal rule is that the money that they create and lend to the 395 00:24:49,960 --> 00:24:54,640 customer cannot exceed the total deposits. 396 00:24:54,720 --> 00:24:57,040 Or at least it shouldn't. We don't really know if it does 397 00:24:57,040 --> 00:25:01,160 or doesn't, but it shouldn't exceed the total deposits of, 398 00:25:02,520 --> 00:25:05,800 of, of money of so-called money that was put into the bank, 399 00:25:05,800 --> 00:25:07,560 which is converted into a record. 400 00:25:08,720 --> 00:25:14,040 So Father Coughlin correctly wrote in his book that in any 401 00:25:14,040 --> 00:25:16,120 loan, the banks create all the money. 402 00:25:16,720 --> 00:25:19,280 And he was right, but he didn't explain this. 403 00:25:19,280 --> 00:25:23,920 You can understand it because they'd actually don't create 404 00:25:23,920 --> 00:25:26,000 money. They create credit instruments. 405 00:25:26,000 --> 00:25:29,080 They create promises to pay money that are used as money. 406 00:25:30,240 --> 00:25:32,760 So if you had a promise to pay someone gold and you believe the 407 00:25:32,760 --> 00:25:34,680 gold was there, you don't actually don't need the gold 408 00:25:34,680 --> 00:25:37,200 because you believe it's there. You use it as money. 409 00:25:38,000 --> 00:25:43,040 In fact, the late Charlie Kirk, I seen him on television one of 410 00:25:43,040 --> 00:25:48,440 his shows last year, and he said money is in the bank because you 411 00:25:48,440 --> 00:25:51,520 believe it's there. If if you didn't believe it was 412 00:25:51,520 --> 00:25:54,920 there, it wouldn't be there, then it would. 413 00:25:54,920 --> 00:25:57,800 You have faith in it, and it's your faith that's holding it up. 414 00:25:58,880 --> 00:26:05,160 When you consider the fragility of the existing system, it's the 415 00:26:05,160 --> 00:26:10,360 entire financial system could, could, could crash worldwide. 416 00:26:11,120 --> 00:26:14,840 It just takes a certain sequence of events that would run out of 417 00:26:14,840 --> 00:26:17,960 control, like the meltdown in 2008. 418 00:26:19,120 --> 00:26:23,800 But you have this massive pile of debt create on fictional 419 00:26:23,800 --> 00:26:26,920 loans. We were supposed to be money, 420 00:26:26,920 --> 00:26:29,920 but are actually promises to pay money because the cash was never 421 00:26:29,920 --> 00:26:34,320 actually delivered to anybody. And when you take that, these 422 00:26:34,560 --> 00:26:37,200 promissory notes, say a checkbook, credit card, debit 423 00:26:37,200 --> 00:26:40,240 card, line of credit, you transfer those numbers to 424 00:26:40,240 --> 00:26:43,880 someone else's account and you get something of real value, but 425 00:26:43,880 --> 00:26:47,600 you don't get it from the bank. The bank escapes when you got 426 00:26:47,600 --> 00:26:50,000 something of real value, but you didn't get it from the bank. 427 00:26:50,000 --> 00:26:54,200 You got it from whoever you bought goods and services from 428 00:26:54,200 --> 00:26:56,520 or bought property or real estate. 429 00:26:57,480 --> 00:27:00,640 So it is complex. It's not impossible to 430 00:27:00,640 --> 00:27:04,560 understand, but it is difficult for a common person to 431 00:27:04,560 --> 00:27:10,240 understand the the two edged sword of credit and debt. 432 00:27:10,280 --> 00:27:12,120 They're both. They're both a problem. 433 00:27:12,840 --> 00:27:15,440 Let me interject. Yeah, go ahead. 434 00:27:15,840 --> 00:27:19,320 Yeah, it's a point of clarity and it it'll really help put a 435 00:27:19,320 --> 00:27:21,320 bow around what you're what you're doing here. 436 00:27:23,040 --> 00:27:25,880 The, the clear way of, of explaining it that I've heard 437 00:27:25,880 --> 00:27:29,320 the clearest way is when banks loan you something, they part 438 00:27:29,320 --> 00:27:32,520 with nothing. They don't loan, they don't loan 439 00:27:32,520 --> 00:27:36,440 their own assets and they don't loan the depositors money they 440 00:27:36,440 --> 00:27:39,000 created. As you say, the, the, the quill 441 00:27:39,000 --> 00:27:41,040 pen was replaced by the keystroke. 442 00:27:41,920 --> 00:27:45,440 And so it's no longer ink, it's digital strokes and they simply 443 00:27:45,440 --> 00:27:49,000 part with no assets of any kind and they don't tap into the 444 00:27:49,000 --> 00:27:52,640 depositors assets. So it's a, it's a new creation 445 00:27:53,560 --> 00:27:56,280 and it's a swindle and a swindle can be undone. 446 00:27:56,280 --> 00:27:59,560 It's, it's not inexorable. It's, it's not something that's 447 00:28:00,200 --> 00:28:02,360 necessarily going to dominate us forever. 448 00:28:02,880 --> 00:28:06,360 Once we know what the swindle is, it can be undone. 449 00:28:06,680 --> 00:28:10,120 And that's really the important thing is to understand what 450 00:28:10,120 --> 00:28:13,400 they're doing, diagnose it. And then as we push forward in 451 00:28:13,400 --> 00:28:15,960 this interview, and they'll be subsequent interviews probably 452 00:28:15,960 --> 00:28:21,280 about similar topics, pushing forward to dismantling this axis 453 00:28:21,280 --> 00:28:25,000 self-control as we build understanding with your, your 454 00:28:25,200 --> 00:28:28,720 very valuable help here. So that's just another point of 455 00:28:28,720 --> 00:28:31,360 clarity along our talk. You can proceed, of course. 456 00:28:32,680 --> 00:28:37,200 OK, I'm going to go back to 1956. 457 00:28:37,640 --> 00:28:41,440 I I started to ask the question, but I'm trying to cover too much 458 00:28:41,440 --> 00:28:45,200 ground here too fast and I may lose some of the listeners of 459 00:28:45,200 --> 00:28:48,520 that way. My father explained what caused 460 00:28:48,520 --> 00:28:51,240 the crash in 1929 was two things. 461 00:28:51,920 --> 00:28:54,880 Herbert Hoover tried to pay off the national debt at the same 462 00:28:54,880 --> 00:28:57,360 time the Federal Reserve raised interest rates. 463 00:28:57,960 --> 00:29:00,160 Those are the two separate factors, but they're 464 00:29:00,160 --> 00:29:03,320 interconnected. The Federal Reserve raised 465 00:29:03,320 --> 00:29:05,480 interest rates probably to fight inflation. 466 00:29:05,480 --> 00:29:10,000 They always have to raise interest rates for something, 467 00:29:10,640 --> 00:29:13,880 supposedly money they never actually lent, but credit. 468 00:29:14,280 --> 00:29:18,880 And so that's another issue. And then whoever, Hoover, Hoover 469 00:29:18,880 --> 00:29:23,560 tried the to pay off the national debt, but you can't pay 470 00:29:23,560 --> 00:29:26,880 the national debt off without contracting the money supply. 471 00:29:27,880 --> 00:29:31,040 The money has a unique quality because you don't eat it. 472 00:29:32,040 --> 00:29:34,280 You don't make a salad out of currency. 473 00:29:34,960 --> 00:29:37,640 You spend it and someone else spends it and then they spend 474 00:29:37,640 --> 00:29:39,440 it. So it keeps moving in a cycle 475 00:29:39,440 --> 00:29:43,640 and it keeps recycling. Well, the problem is, is because 476 00:29:43,640 --> 00:29:48,360 of usury, because of the interests on these loans, you 477 00:29:48,360 --> 00:29:53,760 create a debt with a greater demand for money than it that 478 00:29:53,760 --> 00:29:56,880 exists in the entire country. And when you have a big 479 00:29:56,880 --> 00:30:01,840 monopoly, if it was just a few banks using this scheme to make 480 00:30:01,840 --> 00:30:06,840 themselves rich, it wouldn't affect the whole country. 481 00:30:06,840 --> 00:30:10,480 But the whole country's economic system is based on a fraudulent 482 00:30:10,800 --> 00:30:16,200 financial model. Then either the debt grows or 483 00:30:16,200 --> 00:30:19,600 the money supply contracts and you have unemployment, you have 484 00:30:19,600 --> 00:30:23,800 a recession, and people blame the people in power for it. 485 00:30:24,520 --> 00:30:27,520 But the real people in power, not even the people you elect, 486 00:30:28,280 --> 00:30:31,720 is that the greatest power in this world is the power to 487 00:30:31,720 --> 00:30:35,640 create money. Henry Kissinger once said 488 00:30:35,640 --> 00:30:40,440 whoever controls money controls the world Almost. 489 00:30:40,840 --> 00:30:42,400 But he didn't have the word almost. 490 00:30:42,400 --> 00:30:46,280 I am because they they don't control the banking system of 491 00:30:46,280 --> 00:30:49,800 every country in the world. So I suppose the concept should 492 00:30:49,800 --> 00:30:53,280 banks be privately owned idea legitimate business. 493 00:30:54,120 --> 00:30:57,280 They offer a service, but so does the US Postal Service. 494 00:30:58,240 --> 00:31:01,240 Let's say you got rid of the US Postal Service. 495 00:31:01,800 --> 00:31:06,280 What do you think DHL, FedEx and UPS would charge for a first 496 00:31:06,280 --> 00:31:09,000 class litter? Well, probably their minimum 497 00:31:09,000 --> 00:31:11,400 charge, which would be 6 or $7.00. 498 00:31:12,360 --> 00:31:16,200 Now I think it's $0.78. It probably used to be a penny a 499 00:31:16,200 --> 00:31:20,840 long time ago, a long time ago, maybe in the 1930s. 500 00:31:22,440 --> 00:31:29,600 But you have greed, the factor of greed, and greed is a factor, 501 00:31:29,640 --> 00:31:33,120 greed and the ability to mislead people and to get people to 502 00:31:33,120 --> 00:31:36,960 trust you for what you're doing. And that's what the bankers they 503 00:31:36,960 --> 00:31:41,000 trust, that the money is there for the checks. 504 00:31:41,000 --> 00:31:46,200 You say the lines of credit or whatever you're using, but 505 00:31:46,200 --> 00:31:51,560 actually ain't there. In fact, Stephen K Bannon and 506 00:31:51,560 --> 00:31:57,160 one of the books he wrote for a company that sells Birch Gold, I 507 00:31:57,160 --> 00:32:03,920 believe, gold coins, he quoted JP Morgan who said gold is money 508 00:32:03,920 --> 00:32:07,840 and everything else is credit. So we're on a gold standard. 509 00:32:07,840 --> 00:32:11,440 We were really are on a fraudulent standard. 510 00:32:12,520 --> 00:32:16,400 If you start substituting a piece of paper for gold for the 511 00:32:16,400 --> 00:32:21,240 convenience of it, because gold has no practical value, it's not 512 00:32:21,240 --> 00:32:22,320 a tool. It won't. 513 00:32:23,040 --> 00:32:25,840 It won't change the tire on your car and won't do any of those 514 00:32:25,840 --> 00:32:30,560 things if it had no, no, no value that the government 515 00:32:30,560 --> 00:32:33,520 imparts to it. It's the government stamp of 516 00:32:33,520 --> 00:32:38,600 authority that gives anything that you call money, money that 517 00:32:38,600 --> 00:32:41,240 gives it power, the power to pay debts. 518 00:32:41,960 --> 00:32:44,360 And it's all based on a numbering system. 519 00:32:44,360 --> 00:32:49,960 You can call these numbers dollars, pounds, francs, pesos, 520 00:32:50,560 --> 00:32:54,280 shekels, rubles, whatever country you're in. 521 00:32:54,280 --> 00:33:01,600 It's still the same principle. Now, there are some parts of the 522 00:33:01,600 --> 00:33:03,440 United States where you don't have God. 523 00:33:03,440 --> 00:33:05,600 There's one, there's one state in the Union. 524 00:33:05,600 --> 00:33:09,320 But there's some countries in the world that probably don't 525 00:33:09,320 --> 00:33:11,960 have privately owned banks and they're they're considered the 526 00:33:11,960 --> 00:33:15,760 enemies of the United States. They're not democratic. 527 00:33:15,760 --> 00:33:19,080 I don't know what privately owned banks and democracy have 528 00:33:19,080 --> 00:33:23,640 in common, but it's it's all deception and and it's 529 00:33:23,640 --> 00:33:26,480 propaganda. But I want to get this quote 530 00:33:26,480 --> 00:33:33,640 from the Sir Josiah Stamp. He was the former president of 531 00:33:33,640 --> 00:33:35,640 the Bank of England. So I'm going to have to get my 532 00:33:35,640 --> 00:33:38,280 magnifying glass to read this because my lighting is not 533 00:33:38,280 --> 00:33:39,880 sufficient in here for some reason. 534 00:33:40,480 --> 00:33:43,960 Sir Josiah Stamp, president of the Bank of England, in an 535 00:33:43,960 --> 00:33:48,800 informal talk to 150 University at University of Texas students 536 00:33:49,200 --> 00:33:52,400 in the 1920s, said this and listen carefully. 537 00:33:53,480 --> 00:33:57,200 Banking was conceived in inequity and born in sin. 538 00:33:58,200 --> 00:34:02,080 Bankers owned the world. Take it away from them, but 539 00:34:02,080 --> 00:34:04,880 leave them the power to create money, and with the flick of a 540 00:34:04,880 --> 00:34:08,239 pen they will create enough money to buy it back again. 541 00:34:09,239 --> 00:34:12,760 Take this great power away from bankers and all great fortunes 542 00:34:12,760 --> 00:34:16,400 like mine will disappear. And they ought to disappear 543 00:34:16,960 --> 00:34:21,000 because this world would be a better and happier world to live 544 00:34:21,000 --> 00:34:24,400 in. But if you want to continue to 545 00:34:24,400 --> 00:34:29,199 be the slaves of bankers and pay the cost of your own slavery, 546 00:34:29,800 --> 00:34:32,120 let them continue to create money. 547 00:34:33,320 --> 00:34:37,679 And that is a quote. I got reference number 13 that 548 00:34:37,679 --> 00:34:42,440 may have come from when I got 15 different quotes or that would 549 00:34:42,440 --> 00:34:46,840 have come from bank anomic. One easy lesson by Peter Cook 550 00:34:47,239 --> 00:34:53,040 published sometime in the last century US monetary science. 551 00:34:57,160 --> 00:35:02,840 That is the the issue like an issue of the national debt, like 552 00:35:02,840 --> 00:35:07,920 right now so-called national debt. 553 00:35:08,640 --> 00:35:12,360 There are those legal basis actually to repudiate the entire 554 00:35:12,360 --> 00:35:14,080 national debt of the United States. 555 00:35:14,840 --> 00:35:19,520 And it starts off right with the US Constitution being that money 556 00:35:19,520 --> 00:35:22,640 and credit are exact obvious. It's like positive and negative. 557 00:35:22,640 --> 00:35:27,240 You know, positive is cash and debt is is the negative charge 558 00:35:28,880 --> 00:35:31,200 if Congress has the power to borrow money on the credit of 559 00:35:31,200 --> 00:35:35,440 the United States, but doesn't have the power to borrow credit 560 00:35:35,440 --> 00:35:36,880 on the credit of the United States. 561 00:35:36,880 --> 00:35:40,680 And that's all the government ever did, borrow any part of the 562 00:35:40,680 --> 00:35:43,040 national debt not purchased with actual cash. 563 00:35:43,120 --> 00:35:47,040 There's an actual jurisdictional defect where the Treasury could 564 00:35:47,040 --> 00:35:51,240 default on any of these loans, including all the digital 565 00:35:51,240 --> 00:35:54,800 purchases of bonds. None of that is actual money. 566 00:35:54,840 --> 00:35:56,720 Those are just numbers on computers. 567 00:35:58,120 --> 00:36:02,440 And so that's just one basis. The other basis for reputing the 568 00:36:02,440 --> 00:36:08,120 national debt is, is the 8th privilege written in the Federal 569 00:36:08,120 --> 00:36:11,160 Reserve Act in 1913, which was actually inherited from the 570 00:36:11,160 --> 00:36:15,880 National Bank Act of 1863. They inherited that special 571 00:36:15,880 --> 00:36:17,200 privilege and it was the 8th one. 572 00:36:17,200 --> 00:36:21,480 There was 7 before that. And it's because they put it 573 00:36:21,480 --> 00:36:26,600 last figure in that and and they people would read the first few 574 00:36:26,600 --> 00:36:28,840 and then they'd fall asleep and they wouldn't read the rest of 575 00:36:28,840 --> 00:36:31,720 it. In fact, that entire act, I read 576 00:36:31,720 --> 00:36:34,280 all of it and it's a torture to read it. 577 00:36:34,280 --> 00:36:38,120 It's 31 pages, all single, single type with a typewriter 578 00:36:38,120 --> 00:36:41,360 that's hard to read. From the images I got from the 579 00:36:41,600 --> 00:36:45,440 Federal Reserve Bank of St. Louis, MO, it should have been 580 00:36:45,440 --> 00:36:47,960 rejected just for its, the length of its sentences. 581 00:36:47,960 --> 00:36:51,800 Some of them were half a page long and they rambled on and on 582 00:36:51,800 --> 00:36:53,720 and covering one topic to another. 583 00:36:54,360 --> 00:36:57,160 And I keep seeing a reference and it's the law they were for. 584 00:36:57,160 --> 00:36:59,720 What law they're referring to? They're referring to the 585 00:36:59,720 --> 00:37:03,680 National Bank Act of 1863. No, the 8 privilege. 586 00:37:03,680 --> 00:37:06,960 They refer to the privilege they're inheriting from the 587 00:37:06,960 --> 00:37:11,120 National Bank Act of 1863. Except it's not. 588 00:37:11,360 --> 00:37:16,280 These cash advances are not limited to the capital stock of 589 00:37:16,280 --> 00:37:18,120 the bank. That's what it says in the 590 00:37:18,120 --> 00:37:21,720 Federal Reserve Act. There's a lot of things about it 591 00:37:21,720 --> 00:37:24,240 I'm going to get into. I'm writing a series of articles 592 00:37:24,240 --> 00:37:28,440 for the American Free Press every two weeks on one page, 593 00:37:29,240 --> 00:37:33,520 because this is a subject complex enough that you got to 594 00:37:33,520 --> 00:37:36,640 make it interesting so I can lead people through it. 595 00:37:36,640 --> 00:37:39,880 It's like teaching them math all over again, or algebra. 596 00:37:40,560 --> 00:37:45,160 You got to understand the inner workings of the con artist and 597 00:37:45,160 --> 00:37:49,440 magician whose talents are combined in the international 598 00:37:49,440 --> 00:37:52,400 banking system because that's what it what it really is. 599 00:37:53,120 --> 00:37:56,240 The national, the international bank is the world really doesn't 600 00:37:56,240 --> 00:37:58,320 owe any money because they never lent any money. 601 00:37:59,360 --> 00:38:02,560 Well, there is a legal basis and you, you get that legal basis. 602 00:38:03,600 --> 00:38:05,800 It could be done, but it would take an act of Congress. 603 00:38:05,800 --> 00:38:10,440 You would have to, you'd have to file under, you'd have to use 604 00:38:10,440 --> 00:38:12,680 the bankruptcy laws, not even the printing of money. 605 00:38:12,680 --> 00:38:16,200 You'd have to restructure the entire financial base of the 606 00:38:16,200 --> 00:38:20,000 country, which you could do with a law that gives back most of 607 00:38:20,000 --> 00:38:23,240 the interest you paid on any loan you ever had in your 608 00:38:23,240 --> 00:38:25,640 lifetime. Maybe going back 30 years maybe 609 00:38:25,640 --> 00:38:29,360 would be the most practical, but most of the debts in this 610 00:38:29,360 --> 00:38:31,960 country is interest paid on previous debts. 611 00:38:33,160 --> 00:38:37,160 If most of that interest is canceled it would be 612 00:38:37,160 --> 00:38:40,840 proportional. So if you bought a house, I came 613 00:38:40,840 --> 00:38:45,320 up with one method, it just moved the decimal point over 110 614 00:38:45,320 --> 00:38:47,720 to the left. That would wipe out 90% of all 615 00:38:49,080 --> 00:38:52,600 the banks so-called assets, which is the loans they made to 616 00:38:52,600 --> 00:38:55,000 their customers because they never actually lent money. 617 00:38:56,080 --> 00:38:58,960 It's, it's, it's the most amazing thing that they that the 618 00:38:58,960 --> 00:39:03,160 bankers accomplished. It's so amazing and so deceptive 619 00:39:03,160 --> 00:39:06,600 that I think the only word for it is found in the Bible. 620 00:39:06,600 --> 00:39:11,080 And it's called sorcery, an evil that is so clever that it 621 00:39:11,080 --> 00:39:13,720 deceives the ELAC. It deceives the governments of 622 00:39:13,720 --> 00:39:18,920 the world and the people of the world and the people have been 623 00:39:18,920 --> 00:39:22,040 deceived and, and, and there's a satanic power behind it. 624 00:39:22,200 --> 00:39:24,520 There's no question about it. But it's not going to last 625 00:39:24,520 --> 00:39:26,400 forever. It's coming to an end pretty 626 00:39:26,400 --> 00:39:28,720 soon. If I may make a quick comment on 627 00:39:28,720 --> 00:39:33,840 that, I went to Jekyll Island, GA in 2010, the 100th 628 00:39:33,840 --> 00:39:36,840 anniversary of the secret train ride. 629 00:39:37,480 --> 00:39:41,400 When Paul Warburg and Senator Nelson Aldridge, who was married 630 00:39:41,400 --> 00:39:45,040 into the Rockefeller family, they made that secret train ride 631 00:39:45,040 --> 00:39:47,640 to Jekyll Island, GA posing as duck hunters. 632 00:39:47,640 --> 00:39:50,120 Most of them wouldn't know one end of a gun from the other. 633 00:39:50,760 --> 00:39:54,640 And so 100 years later, I go to Jekyll Island, GA and I'm not 634 00:39:54,640 --> 00:39:57,200 the first one to say this. And this might sound a little 635 00:39:57,360 --> 00:40:01,240 strange at first, but that place had a dark vibe to it. 636 00:40:02,600 --> 00:40:06,200 There's a room there where the bankers met to write the Federal 637 00:40:06,200 --> 00:40:09,840 Reserve Act or the basis of it. And there's pictures of most of 638 00:40:09,840 --> 00:40:14,680 the participants still on the wall at that special old hotel 639 00:40:14,680 --> 00:40:19,120 that's still there. And the whole island, much of it 640 00:40:19,120 --> 00:40:21,440 just had kind of this dark vibe to it. 641 00:40:21,440 --> 00:40:24,040 And I've heard other people comment on that. 642 00:40:24,360 --> 00:40:27,080 As you say, you know, we're we're up against principalities. 643 00:40:27,080 --> 00:40:30,560 We're not just fighting flesh and blood battles, as the Bible 644 00:40:30,560 --> 00:40:33,600 says, we're fighting dark principalities. 645 00:40:33,600 --> 00:40:37,480 And I think that that presence can sometimes be detected by 646 00:40:37,480 --> 00:40:41,920 people that are open to it. But a flip side of that, I'll 647 00:40:41,920 --> 00:40:44,760 mention briefly as I wrote an article for UK column that's 648 00:40:44,760 --> 00:40:48,880 still available on the website about another island, not Jekyll 649 00:40:48,880 --> 00:40:52,360 Island, but the island of Guernsey in the English Channel 650 00:40:52,560 --> 00:40:55,800 and that island in the early night in the early 1800s. 651 00:40:55,800 --> 00:41:00,400 Excuse Me, devised its own currency system and for 20 652 00:41:00,400 --> 00:41:04,680 years, almost exactly 20 years, the governing body of the island 653 00:41:04,680 --> 00:41:09,000 of Guernsey and the people were free of any banking control and 654 00:41:09,000 --> 00:41:12,240 banking debt. It's it's the the Guernsey 655 00:41:12,240 --> 00:41:14,720 experiment. Sometimes it's called, but it's, 656 00:41:14,720 --> 00:41:18,040 it's a, a brighter spot that we're we're painting a fairly 657 00:41:18,040 --> 00:41:21,800 complex, as you say, Rubik's Cube kind of picture here, but 658 00:41:21,800 --> 00:41:25,440 it's a it's a, it's a brighter spot or a more hopeful note to 659 00:41:25,440 --> 00:41:29,480 sound right now as we go along this very important, but 660 00:41:29,480 --> 00:41:31,840 sometimes menacing sounding information. 661 00:41:32,120 --> 00:41:33,800 So with that, Conrad, back to you. 662 00:41:34,720 --> 00:41:39,120 OK, well, thank you for giving me a little break here talking 663 00:41:39,520 --> 00:41:42,160 now that that was injury. I had heard about the Guernsey, 664 00:41:42,160 --> 00:41:45,440 about the country that had had their own, I believe silver 665 00:41:45,440 --> 00:41:48,800 coins and they used it. Then what someone else told me 666 00:41:48,800 --> 00:41:51,880 there was some country that the bankers corrupted it somehow 667 00:41:51,880 --> 00:41:55,040 they got in there and they they didn't want an honest money 668 00:41:55,040 --> 00:41:56,840 system. They wanted to control it. 669 00:41:56,840 --> 00:42:02,000 And that's the big battle is in the world, the enemies of the 670 00:42:02,000 --> 00:42:04,840 world right now. The West is not Russia, it's not 671 00:42:04,840 --> 00:42:10,720 China, it's not Ukraine, it's not the Palestinians, it's not 672 00:42:10,720 --> 00:42:14,040 Cuba, it's not Nicaragua, it's not Venezuela, it's not North 673 00:42:14,040 --> 00:42:16,320 Korea. It's in our own country. 674 00:42:16,320 --> 00:42:18,600 It's the monopolies we have in this country. 675 00:42:19,160 --> 00:42:23,160 Monopolies created the money, the money monopoly in the 676 00:42:23,160 --> 00:42:28,040 banking monopoly. One of the things I wanted to 677 00:42:28,040 --> 00:42:32,720 discuss is that Lincoln issued United States notes during the 678 00:42:32,720 --> 00:42:35,840 Civil War. These notes were legal tender 679 00:42:35,840 --> 00:42:37,360 for all deaths, public and private. 680 00:42:37,360 --> 00:42:39,960 They were not redeemable in gold or silver. 681 00:42:41,160 --> 00:42:44,720 The bankers, England in fact, didn't like it. 682 00:42:44,720 --> 00:42:48,040 I believe the Times of London to refer to Lincoln's policy as a 683 00:42:48,040 --> 00:42:52,880 mischievous Financial Policy which shows that England itself 684 00:42:52,880 --> 00:43:00,720 has within it the seeds of this very self-centered banking 685 00:43:00,720 --> 00:43:03,400 system. And probably some very wealthy 686 00:43:03,400 --> 00:43:06,280 people living in England, and maybe some of them, will listen 687 00:43:06,280 --> 00:43:10,360 to this broadcast. If they do, they should remember 688 00:43:10,360 --> 00:43:14,880 what Christ said 2000 years ago to the rich people of his 689 00:43:14,880 --> 00:43:16,920 generation and future generations. 690 00:43:17,680 --> 00:43:20,680 It shall be easier for a camel to crawl through the eye of a 691 00:43:20,680 --> 00:43:24,520 needle than for a rich man to enter the Kingdom of heaven. 692 00:43:25,600 --> 00:43:28,520 But you have these rich people, they either don't believe God 693 00:43:28,520 --> 00:43:30,520 exists or they believe they are God. 694 00:43:31,680 --> 00:43:35,200 And that's why you have this international organization 695 00:43:35,200 --> 00:43:39,080 called the World Economic Forum. And they sit there and they plan 696 00:43:39,080 --> 00:43:43,080 what they're going to do in various nations and how they're 697 00:43:43,080 --> 00:43:45,840 going to control the media, control what we spend, what we 698 00:43:45,840 --> 00:43:49,080 buy it on. And basically an unelected 4th 699 00:43:49,080 --> 00:43:54,360 branch of government, which was never, never provided for in the 700 00:43:54,400 --> 00:43:58,360 US Constitution, which is why Thomas Jefferson opposed the 701 00:43:58,360 --> 00:44:01,960 First United States Bank of Alexander Hamilton. 702 00:44:02,920 --> 00:44:05,280 And Hamilton actually wanted a central bank. 703 00:44:05,280 --> 00:44:10,160 Even before the Revolution, the colonies issued their own 704 00:44:10,160 --> 00:44:13,440 currency. But then England, probably at 705 00:44:13,440 --> 00:44:17,720 the behest of the Bank of England, flooded the the states 706 00:44:17,720 --> 00:44:20,920 would counterfeit currency, which lowered the value of the 707 00:44:21,360 --> 00:44:28,040 continental currency. And so much of what is going on 708 00:44:28,040 --> 00:44:33,400 is mind control, is mind control to the media, the mass media, 709 00:44:34,280 --> 00:44:37,320 televisions, which in some aspects should be called Tele 710 00:44:37,320 --> 00:44:42,760 live vision and you have of course the radio and printed 711 00:44:42,760 --> 00:44:46,480 media. But this control of information 712 00:44:46,480 --> 00:44:50,160 and the withholding of information, like I think I on 713 00:44:50,160 --> 00:44:54,400 United States, if you haven't seen a printing press printing 714 00:44:54,440 --> 00:44:58,960 $20 a $100 bills 1000 times, you haven't seen it once or you 715 00:44:58,960 --> 00:45:01,680 haven't been watching television for the last 40 years. 716 00:45:02,840 --> 00:45:05,800 But what's misleading is they talk about inflation to show the 717 00:45:05,800 --> 00:45:09,080 government printing money. But they will tell you that the 718 00:45:09,080 --> 00:45:12,160 government, the last time the government printed money and 719 00:45:12,160 --> 00:45:16,160 actually spent it into circulation was when President 720 00:45:16,160 --> 00:45:18,160 Abraham Lincoln was in the White House. 721 00:45:18,880 --> 00:45:21,920 And he they ran out of gold and silver coins to pay the Union 722 00:45:21,920 --> 00:45:24,440 soldiers. So they pay them with these 723 00:45:24,440 --> 00:45:26,880 paper notes called the United States notes. 724 00:45:27,840 --> 00:45:31,520 And they, they the only thing that they had to pay in gold and 725 00:45:31,520 --> 00:45:36,640 silver coin were in the import fees or export fees, one or the 726 00:45:36,640 --> 00:45:40,720 other, maybe both. But for the most part, they work 727 00:45:40,720 --> 00:45:43,960 the same as if you were using gold or silver or bank credit, 728 00:45:43,960 --> 00:45:47,680 which is another form of paper money that the banks create and 729 00:45:47,680 --> 00:45:51,960 circulate while pretending that there's gold or silver behind 730 00:45:51,960 --> 00:45:56,800 all this, all these notes, but it's it's never there because 731 00:45:56,800 --> 00:46:02,200 they you got a certain number of people are are happy using 732 00:46:02,200 --> 00:46:05,840 something other than a form of money that has intrinsic value. 733 00:46:06,720 --> 00:46:09,720 A credit card is is really intrinsically only worth the 734 00:46:09,720 --> 00:46:12,160 plastic it's made out of, which is basically nothing. 735 00:46:12,600 --> 00:46:16,640 The same with a debit card, a checkbook, it isn't really worth 736 00:46:16,640 --> 00:46:20,280 very much the numbers and it's all a record keeping system. 737 00:46:21,040 --> 00:46:26,640 The United States, everything, I would say 90% of what we use as 738 00:46:26,640 --> 00:46:30,040 money in this country is all numbers stored in computers. 739 00:46:30,840 --> 00:46:35,600 And you do it with transfer electronic funds, what you call 740 00:46:35,600 --> 00:46:42,160 which is not actual money, it's just numbers and it's it, it's 741 00:46:42,160 --> 00:46:44,280 in the, it's in the computers, it's in it. 742 00:46:44,280 --> 00:46:48,920 That's what debit cards do this with credit cards, you actually 743 00:46:48,920 --> 00:46:51,200 create the numbers, you create the money you're borrowing and 744 00:46:51,200 --> 00:46:54,640 you're paying 30% interest on it with a credit card, which is 745 00:46:54,640 --> 00:46:57,800 completely insane. The government needs to, at the 746 00:46:57,800 --> 00:47:03,240 minimum, establish a separate monetary system, and it can do 747 00:47:03,240 --> 00:47:07,240 it through the US Postal Service that competes with the existing 748 00:47:07,240 --> 00:47:11,000 monopoly of the Federal Reserve System and can do it at an 749 00:47:11,000 --> 00:47:14,240 interest rate lower than what the banks charge or the credit 750 00:47:14,240 --> 00:47:16,360 card companies charge. The. 751 00:47:16,400 --> 00:47:20,200 Government, I might add, Congress, yeah, very quickly, 752 00:47:20,200 --> 00:47:21,800 just it's important to note this. 753 00:47:21,960 --> 00:47:25,320 There's a precedent for that. Postal banks did exist in the 754 00:47:25,320 --> 00:47:28,720 Depression era. There were postal banks and 755 00:47:28,720 --> 00:47:32,200 people had basic accounts there. So that precedent already 756 00:47:32,200 --> 00:47:34,440 exists, which means we could do it again. 757 00:47:34,880 --> 00:47:37,800 And that interest that they would charge would probably just 758 00:47:37,800 --> 00:47:41,880 be service fees, certainly probably not compound interest, 759 00:47:42,280 --> 00:47:44,640 in other words, just just enough service fees so they could 760 00:47:44,640 --> 00:47:46,960 function. And, and that a point well 761 00:47:46,960 --> 00:47:48,760 taken. If you were to privatize 762 00:47:48,760 --> 00:47:52,920 delivering first class mail and take the first class mail 763 00:47:53,120 --> 00:47:55,960 privilege away from the US Postal Service and give it to 764 00:47:55,960 --> 00:48:01,480 FedEx, I think you would see a kind of brigandry or piracy 765 00:48:01,480 --> 00:48:03,920 going on. And again, the people would be 766 00:48:04,080 --> 00:48:07,600 overcharged just to tie those two things together, a point you 767 00:48:07,600 --> 00:48:09,520 made earlier. And I don't want to lose the 8th 768 00:48:09,520 --> 00:48:11,760 privilege. I think you need, if you would 769 00:48:11,760 --> 00:48:14,760 explain the 8th privilege a little more in the next couple 770 00:48:14,760 --> 00:48:17,080 of minutes because that's such a pivotal thing. 771 00:48:18,240 --> 00:48:21,280 But yeah, just to just to sort of keep things on track. 772 00:48:21,280 --> 00:48:24,440 OK, well, to keep to keep it on track, this we only got about 5 773 00:48:24,440 --> 00:48:25,320 minutes left here. Yeah. 774 00:48:25,320 --> 00:48:29,680 The 8th privilege, When I read this thing I first time, I 775 00:48:29,680 --> 00:48:35,040 didn't understand it because it said it was written in coded 776 00:48:35,040 --> 00:48:37,520 language. I do have a copy of it here. 777 00:48:37,520 --> 00:48:39,560 I bet it would take time to just to read it. 778 00:48:39,560 --> 00:48:41,040 So I'm going to have to go from my memory. 779 00:48:41,960 --> 00:48:44,880 All of that is in. You can download all this on my 780 00:48:44,880 --> 00:48:48,720 website at lebowbooks.com. I wish everybody listening would 781 00:48:48,720 --> 00:48:50,600 go to there and just download it. 782 00:48:50,880 --> 00:48:53,440 It doesn't cost anything. And then you can read it and 783 00:48:53,440 --> 00:48:57,760 send it to other people. But the 8th privilege, what it 784 00:48:57,760 --> 00:49:02,840 does and it's, it's very deceptive, OK, But it to get 785 00:49:02,840 --> 00:49:06,560 that aid privilege, the banks buy bonds with money that they 786 00:49:06,560 --> 00:49:09,120 create, OK, through fractional reserve banking. 787 00:49:09,760 --> 00:49:12,480 So I guess the purchases could say are fraudulent to begin 788 00:49:12,480 --> 00:49:13,560 with. But assuming they were 789 00:49:13,560 --> 00:49:18,400 legitimate and they get the a bond or treasury note, then they 790 00:49:18,400 --> 00:49:22,320 can go to the treasury and they will, they appear to be 791 00:49:22,320 --> 00:49:24,880 borrowing the money from them because they say, well, we're 792 00:49:24,880 --> 00:49:27,320 offering the bond as collateral. But they never actually 793 00:49:27,320 --> 00:49:31,760 physically surrendered a bond. They still collect interest on 794 00:49:31,760 --> 00:49:34,520 it. And no one knows that they even 795 00:49:34,520 --> 00:49:36,360 collect, they may collect the principal on it. 796 00:49:36,360 --> 00:49:39,120 That would be, it would be double dipping if they got 797 00:49:39,120 --> 00:49:42,000 interest on it and triple dipping if they also get got the 798 00:49:42,000 --> 00:49:45,000 principal on top of it. But we don't know that because 799 00:49:45,000 --> 00:49:48,080 no one ever has held hearings and subpoenaed the special 800 00:49:48,080 --> 00:49:52,000 agents of the 12 Federal Reserve banks to get to the bottom of 801 00:49:52,000 --> 00:49:54,040 it. I mean, I all these questions I 802 00:49:54,040 --> 00:49:57,720 asked in their, in their exhibits, the answer from the 803 00:49:57,720 --> 00:50:01,080 Federal Reserve Board in 2024, I'm in there and they refuse to 804 00:50:01,080 --> 00:50:04,280 give me any documents because they don't want me to know these 805 00:50:04,280 --> 00:50:08,720 secrets because I've, I pretty much got into the the Viper's 806 00:50:08,720 --> 00:50:13,800 den and I'm looking at him in the eye and, you know, spitters 807 00:50:13,800 --> 00:50:15,480 shut up. You know, I wanted what? 808 00:50:15,480 --> 00:50:17,760 Don't know what the truth is. And they don't want it. 809 00:50:18,000 --> 00:50:20,040 They don't want. It tell me, if I may, Conrad, 810 00:50:20,080 --> 00:50:23,520 one of the most important things you said there was they take the 811 00:50:23,520 --> 00:50:26,880 bonds to the counter, but they never surrender the bonds. 812 00:50:27,880 --> 00:50:29,640 They never surrender ownership of them, no. 813 00:50:30,160 --> 00:50:31,560 Yeah, that's the key thing, right? 814 00:50:31,560 --> 00:50:34,680 Because they're getting all the benefits and they're never 815 00:50:34,680 --> 00:50:38,000 making the sacrifice, the surrender or the sacrifice on 816 00:50:38,000 --> 00:50:40,800 their part. Oh, it's, it's, it's a complete 817 00:50:40,800 --> 00:50:42,280 racket. It's a complete scam. 818 00:50:42,880 --> 00:50:46,080 They get, they get paid in full, but they, well, it's not payment 819 00:50:46,080 --> 00:50:49,040 when it's we're just exchanging. It's a collateral. 820 00:50:49,520 --> 00:50:52,280 Well, it's not collateral 'cause there's no terms or conditions. 821 00:50:52,280 --> 00:50:55,080 I asked specifically Federal Reserve Board, what are the 822 00:50:55,080 --> 00:50:59,480 terms and conditions when a bond is used for a cash advance from 823 00:50:59,480 --> 00:51:03,000 the Department of the Treasury and they refuse to give me, we 824 00:51:03,000 --> 00:51:05,400 don't have any files. Apparently there are no terms 825 00:51:05,400 --> 00:51:07,600 and conditions. That'd be like getting a 826 00:51:07,600 --> 00:51:10,840 mortgage on a house. And you say you do know that 827 00:51:10,840 --> 00:51:12,480 their house is collateral for the loan. 828 00:51:12,480 --> 00:51:14,840 Yes. OK, then you reach the point, 829 00:51:14,840 --> 00:51:19,400 well, what are my monthly payments or, or how much soil? 830 00:51:19,760 --> 00:51:23,000 How do I pay this back? And the guy just looks at you, 831 00:51:23,000 --> 00:51:26,280 just winks. You don't worry about it. 832 00:51:27,400 --> 00:51:30,440 You know, in other words, you don't have to worry about it. 833 00:51:30,440 --> 00:51:32,440 There are no terms and conditions, so you never pay 834 00:51:32,440 --> 00:51:34,120 anything back. It's all free money. 835 00:51:34,840 --> 00:51:38,480 Their banks don't do that. They all be out of business, but 836 00:51:38,480 --> 00:51:41,040 this is the way this whole scam is operating. 837 00:51:41,440 --> 00:51:43,560 And that's. I asked and I bet on the amount 838 00:51:43,560 --> 00:51:46,800 of currency and I said they pay a little bit more now it costs 839 00:51:46,800 --> 00:51:51,280 them $0.74 for $100 bill. That's really a good bargain. 840 00:51:51,280 --> 00:51:55,640 That's less than 1% of the cost of $100 legal tender. 841 00:51:55,640 --> 00:52:06,600 A Benjamin that you call and you you look at the now I just had a 842 00:52:06,600 --> 00:52:09,640 brain freeze here I'm sitting here talking because I got too 843 00:52:09,640 --> 00:52:11,920 much on my mind at one time and sometimes let. 844 00:52:12,280 --> 00:52:14,160 Me, let me add a point. Down a little bit. 845 00:52:14,560 --> 00:52:16,800 Yeah, let me, Let me. Try to talk because I could end 846 00:52:16,800 --> 00:52:18,920 up going in several different directions here. 847 00:52:19,560 --> 00:52:22,440 Let me add a quick point of clarity there because it's so 848 00:52:22,440 --> 00:52:24,440 important and it bears repeating. 849 00:52:24,560 --> 00:52:27,920 Repetition is sometimes necessary for these facts to 850 00:52:27,920 --> 00:52:34,240 sink in to the viewer that the Treasury is selling money to the 851 00:52:34,240 --> 00:52:37,960 Fed for pennies on the dollar, for pennies on the $5.00 bill, 852 00:52:37,960 --> 00:52:41,080 the 10, the 20 and the $100 bills, the $50.00 bills. 853 00:52:41,520 --> 00:52:46,000 So the US being so imbecilic about this, the Treasury could 854 00:52:46,000 --> 00:52:49,640 simply cut the Fed out of the deal and produce the money and 855 00:52:49,640 --> 00:52:52,720 spend it into circulation. United States notes. 856 00:52:52,840 --> 00:52:56,200 Lincoln called them greenbacks. That was their name could come 857 00:52:56,200 --> 00:53:00,120 back again and be much more advantageous and much more just 858 00:53:00,120 --> 00:53:04,360 and operational and equitable than what we're getting now. 859 00:53:04,360 --> 00:53:09,280 Federal Reserve notes which are borrowed at interest into 860 00:53:09,280 --> 00:53:13,040 existence. And so there you go. 861 00:53:14,600 --> 00:53:17,440 But the federal, you can do it with Federal Reserve Notes, and 862 00:53:17,440 --> 00:53:20,040 you can don't even call them United States notes, but you 863 00:53:20,040 --> 00:53:23,520 should to distinguish. But they're selling Federal 864 00:53:23,520 --> 00:53:26,080 Reserve notes pretending they're part of the federal government 865 00:53:26,080 --> 00:53:28,040 when they're not part of the federal government. 866 00:53:28,800 --> 00:53:32,120 And I looked at all these transactions that would explain 867 00:53:32,120 --> 00:53:35,880 to me, and it's all in exhibits that need to present be 868 00:53:35,880 --> 00:53:39,320 presented to a federal judge to strike down several parts of 869 00:53:39,320 --> 00:53:43,000 this act that are clearly and blatantly unconstitutional in 870 00:53:43,000 --> 00:53:46,200 their face. There should be a moratorium 871 00:53:46,200 --> 00:53:49,640 against paying any money on the the so-called national debt if 872 00:53:49,640 --> 00:53:52,800 it's owed to the Federal Reserve banks or any of the member banks 873 00:53:53,520 --> 00:53:56,040 who got currency. He used this to get free 874 00:53:56,040 --> 00:53:58,280 currency because they're getting paid twice. 875 00:53:58,280 --> 00:54:00,920 Why shouldn't we pay them twice? It's enough of a job to pay 876 00:54:00,920 --> 00:54:03,480 somebody once, but we pay them twice. 877 00:54:04,000 --> 00:54:05,200 OK. You owe the money. 878 00:54:05,520 --> 00:54:08,200 You pay them with, you know, bank credit or whatever you're 879 00:54:08,200 --> 00:54:11,160 paying them with, and then you let them collect interest on it. 880 00:54:12,080 --> 00:54:14,800 And we, I have absolutely no evidence that they don't even 881 00:54:14,800 --> 00:54:17,160 collect the whole principle. In other words, this is just a 882 00:54:17,160 --> 00:54:20,760 bonus, the cash they get to help finance the government when the 883 00:54:20,760 --> 00:54:24,360 government never needed to print the damn bonds in the 1st place. 884 00:54:25,040 --> 00:54:27,440 Henry Ford made that simple observation. 885 00:54:27,440 --> 00:54:31,240 And during the 1930s, if the government can print the bond 886 00:54:31,240 --> 00:54:34,560 with interest, it can print currency and spend it and pay no 887 00:54:34,560 --> 00:54:37,600 interest at all. And that's what that's what 888 00:54:37,600 --> 00:54:40,080 that's what needs to be done. That's the reform that we need. 889 00:54:40,800 --> 00:54:44,160 Again, I encourage you to go to my website and to download all 890 00:54:44,160 --> 00:54:47,040 this information. Again, it's labelbooks.com. 891 00:54:47,040 --> 00:54:54,440 LeBeau, books.com, labelbooks.com, and then you can 892 00:54:54,680 --> 00:54:56,920 contact me there. There's my e-mail address and 893 00:54:56,920 --> 00:54:57,880 phone number. Is there? 894 00:54:58,480 --> 00:55:01,680 Anyway, I want to thank you, Mark Anderson for the time. 895 00:55:02,160 --> 00:55:06,000 I know it's a little bit confusing when you deal with I 896 00:55:06,000 --> 00:55:10,120 don't have a teleprompter. And if I talk too fast, too 897 00:55:10,120 --> 00:55:14,560 long, I do have a problem where my brain freezes up. 898 00:55:14,560 --> 00:55:18,000 I'm 82 years old, so I don't. I'm not. 899 00:55:18,360 --> 00:55:22,600 I can't keep going endlessly with a train of thought for say, 900 00:55:22,640 --> 00:55:25,240 hours and hours again. My mind doesn't work that way. 901 00:55:25,240 --> 00:55:29,760 I do have to slow down and thought has to be logical. 902 00:55:30,360 --> 00:55:32,360 I'll begin, I'll begin the departure. 903 00:55:32,360 --> 00:55:34,920 We'll go on the off ramp now. We've been on the the main 904 00:55:34,920 --> 00:55:39,280 superhighway here of big money and we're getting on the off 905 00:55:39,280 --> 00:55:40,640 ramp. But there's one thing in a 906 00:55:40,640 --> 00:55:46,200 summary that you sent me how much free currency, repeat, how 907 00:55:46,200 --> 00:55:49,800 much free currency, virtually free, has the Federal Reserve 908 00:55:49,840 --> 00:55:55,920 obtained in the past 112 years? Your rough estimate was 200 909 00:55:55,920 --> 00:55:59,400 billion a year, or about $10 trillion. 910 00:55:59,400 --> 00:56:04,280 In other words, are you saying that for $10 trillion, they've 911 00:56:04,280 --> 00:56:10,200 spent about 200 billion? Well, I don't know if they spent 912 00:56:10,200 --> 00:56:13,080 200 billion, It was 200 billion a year in currency. 913 00:56:13,120 --> 00:56:18,160 The amount they actually spent would have been maybe 1% of that 914 00:56:18,160 --> 00:56:22,720 10 trillion, but this is over a period of 100 and, and, and 12 915 00:56:22,720 --> 00:56:26,600 years. So and the 200 billion figure 916 00:56:26,600 --> 00:56:29,840 doesn't work for because that would be over $20 trillion. 917 00:56:30,200 --> 00:56:33,080 So I cut it in half. So it's an estimate that they 918 00:56:33,520 --> 00:56:36,880 got about $10 trillion worth of actual currency. 919 00:56:37,440 --> 00:56:39,520 And part of the reason is currency wears out. 920 00:56:39,520 --> 00:56:43,680 So the Federal Reserve pays for the cost of replacing worn out 921 00:56:43,680 --> 00:56:47,880 currency, a big deal. They get to use all this free 922 00:56:47,880 --> 00:56:52,240 money. You know, that should have never 923 00:56:52,240 --> 00:56:55,640 been allowed to happen, but it's been going on for 160 years. 924 00:56:55,640 --> 00:56:56,960 So. And it's just the Federal 925 00:56:56,960 --> 00:56:59,560 Reserve Act that goes all the way back to the National Bank 926 00:56:59,560 --> 00:57:07,680 Act of 1863. I will quote the congressman, if 927 00:57:07,720 --> 00:57:10,880 I can find that, here on this paper here, what's his name? 928 00:57:12,160 --> 00:57:17,560 Samuel Chase. I think I have it right over 929 00:57:17,560 --> 00:57:18,440 here. Here it is. 930 00:57:20,560 --> 00:57:26,480 Samuel Chase in referring to the National Bank Act of 1863. 931 00:57:27,200 --> 00:57:30,800 My agency in promoting the passage of the National Bank Act 932 00:57:30,800 --> 00:57:33,320 was the greatest financial mistake of my life. 933 00:57:33,960 --> 00:57:37,480 It has built up a monopoly that affects every interest in the 934 00:57:37,480 --> 00:57:40,040 country. It should be repealed. 935 00:57:40,040 --> 00:57:43,120 But before that can be accomplished, the people will be 936 00:57:43,120 --> 00:57:45,720 arrayed on one side and the bankers on the other in a 937 00:57:45,720 --> 00:57:50,440 contest such we have never before seen in this country. 938 00:57:51,880 --> 00:57:57,560 And Abraham Lincoln also said after after signing the ACT, 939 00:57:57,560 --> 00:58:00,280 which he probably didn't read because he trusted his Secretary 940 00:58:00,280 --> 00:58:04,960 of the Treasury, Salman Salman Chase, he said the money power 941 00:58:04,960 --> 00:58:09,960 preys upon the nation in times of peace and conspires against 942 00:58:09,960 --> 00:58:14,040 it in times of adversity. It is more despotic than 943 00:58:14,040 --> 00:58:19,800 monarchy, more insolent than a tocracy, more selfish than 944 00:58:19,800 --> 00:58:23,520 bureaucracy. It denounces as public enemies 945 00:58:23,920 --> 00:58:27,440 all who question its method or throw light upon its crimes. 946 00:58:29,200 --> 00:58:31,840 Thank you. Very interesting, very 947 00:58:31,840 --> 00:58:33,920 interesting. Conrad Laboe of Wisconsin, 948 00:58:33,920 --> 00:58:37,000 thanks for being on this UK column interview, my first of 949 00:58:37,000 --> 00:58:40,200 2026. And thank you, viewers, for 950 00:58:40,200 --> 00:58:42,640 tuning in. We'll see you next time on my 951 00:58:42,640 --> 00:58:45,080 next interview. And thanks again, Conrad, for 952 00:58:45,080 --> 00:58:48,680 your very important and deeply informative information. 953 00:58:49,520 --> 00:58:51,680 Thank you very much, Mark. It's been a pleasure.