Bankers are often the driving force behind war.
After all, the banking system is founded upon the counter-intuitive but indisputable fact that banks create loans first, and then create deposits later.
In other words, virtually all money is actually created as debt. For example, in a hearing held on September 30, 1941 in the House Committee on Banking and Currency, the Chairman of the Federal Reserve (Mariner S. Eccles) said:
And Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, said:That is what our money system is. If there were no debts in our money system, there wouldn't be any money.
Debt (from the borrower's perspective) owed to banks is profit and income from the bank's perspective. In other words, banks are in the business of creating more debt ... i.e. finding more people who want to borrow larger sums.If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve.
We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.
Debt is so central to our banking system. Indeed, Federal Reserve chairman Greenspan was so worried that the U.S. would pay off it's debt, that he suggested tax cuts for the wealthy to increase the debt.
What does this have to do with war?
War is the most efficient debt-creation machine. For starters, wars are very expensive.
For example, Nobel prize winning economist Joseph Stiglitz estimated in 2008 that the Iraq war could cost America up to $5 trillion dollars. A study by Brown University's Watson Institute for International Studies says the Iraq war costs could exceed $6 trillion, when interest payments to the banks are taken into account.
This is nothing new ... but has been going on for thousands of years. As a Cambridge University Press treatise on ancient Athens notes:
So wars have been a huge - and regular - way for banks to create debt for kings and presidents who want to try to expand their empires.Financing wars is expensive business, and the scope for initiative was regularly extended by borrowing.
Major General Smedley Butler - the most decorated Marine in American history - was right when he said:
War is also good for banks because a lot of material, equipment, buildings and infrastructure get destroyed in war. So countries go into massive debt to finance war, and then borrow a ton more to rebuild.Let us not forget the bankers who financed the great war. If anyone had the cream of the profits it was the bankers.
The advent of central banks hasn't changed this formula. Specifically, the big banks ("primary dealers") loan money to the Fed, and charge interest for the loan.
So when a nation like the U.S. gets into a war, the Fed pumps out money for the war effort based upon loans from the primary dealers, who make a killing in interest payments from the Fed.
Before there were banks, there was barter. Transaction of goods and services. There was no interest.
Interest. Now that's an odd name for that which previously did not exist.
Should we say, instead, that banks are 'interested' in how much they can squeeze out of transactions.
So, interest in not a noun, nor a thing of concrete existence.
Interest is a verb, being a desire, yen, a pining or a love.
Love of what? Money, why of course. Money brings lots of goods and lavish services, along with Power and Prestige.
Governments and Powerful Elite can also have interests: They are interested in obtaining that which their countrymen and neighboring states have. They don't just want it, they crave and covet it. Again, a love yearned and intensely sought after.
It drives them to do things which ought not to be done, darkening hearts and minds.
Bearing false witness is another way to impel others to do the seizing and bloodletting for them. They call this War, and paint it with coats of Glorious Victory and shiny medals and pretty ribbons pinned on chests.
The only difference between the ancient time in which 'Interest' first appeared and now is the level of sophistication.
The carnage wrought is multiplied innumerable times over. The means simply more devious and cunning.
What happens when the Lovers of Money overeat?
They get a bad case of drunken arrogance, tipping their true intentions as their tongues are loosened..
What happens when they can no longer feed themselves?
They turn into raging monsters, and will even resort to cannibalizing their own.
It is for these evils that great forces in the Cosmos are gathered, lest the infection destroy all life.
Yes, Money is created, but it has become an evil creation.