The myth of money is so cleverly concealed that no one even bothers to inquire. I doubt seriously if members of the Federal Reserve Board know what money is and whom it serves.

The method of money creation is witchcraft. It has been witchcraft for thousands of years. Modern economists and sophisticated eggheads only imagine that they understand money.

Yet nothing that affects our lives could be so all-important. Money is not a dull subject.

The study of money is a study of tyranny. It makes a mockery out of human freedom, property ownership, and accumulation of wealth. Once we understand money, we then know that any imagined personal freedom that we have is a license or privilege given by the government and taken away by the government.

The purpose of money is to transfer wealth from the producers to the nonproducer money creators.

John Maynard Keynes revealed a lot in his book, Consequences of the Peace, 1920. He stated, If governments should refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud upon the people can be concealed no longer. Keynes said in this statement that the system of income tax covers the fraud of the government printing press. What does this mean? It means that the government and its partner the Federal Reserve are printing money (creating credit) out of nothing and paying it into circulation for whatever the government wants, whether it be a fleet of ships or an army. To cover the fraud of massive confiscation of wealth with printing press money, we have an income tax system.

The income tax system has a very serious purpose, but contrary to what Americans think the income tax has nothing to do with funding the government. The income tax is a consumption tax. The income tax regulates consumption. Note John Maynard Keynes word regulation above. The income tax system penalizes those who are successful. It is a social and economic leveling system. The income tax is also used to take as much money out of circulation as possible. The more money taken out through the income tax, the more the money creators can create. The less money there is, the better it keeps its imagined value. The Federal Government funds itself with printing press money.

The income tax does not fund the Federal Government. Almost nobody knows this, but it is extremely important to understand. The power to create money is the source of government force and bureaucratic tyranny in our lives.

There is a quote from an important speech given by Mr. Beardsley Ruml, who was chairman of the New York Federal Reserve Bank during World War 2. He gave an amazing and revealing speech to the American Bar Association in 1945 which explained the operation of our monetary and tax system in a most enlightening way. His speech was published in a periodical named American Affairs in its January 1946 issue.

Under the title, Taxes For Revenue Are Obsolete, he is quoted: Mr. Ruml read this paper before the American Bar Association during the last year of the war (WW2). It attracted then less attention than it deserved and is even more timely now. His thesis is that given (1) control of a central banking system and (2) an inconvertible currency, a sovereign national government is finally free of money worries and need no longer levy taxes for the purpose of providing itself with revenue. All taxation, therefore, should be regarded from the point of view of social economic consequences. The government just prints the money it needs.

What does all this mean to us? It means that we live under an authoritarian system and we are at its mercy. The Federal Government has monopoly power to create money (credit or debt) backed by force. And it disguises this system from the people with the income tax system explained above. Simply stated, corporate government is transferring unbelievable and unimaginable wealth to itself with money that it creates and which costs them nothing. Does this not make organized crime look like Sunday School? The true purpose of money is to expropriate wealth.

This is how and why world wars are financed that cost millions of young lives. This is how social and economic policy is forged into so-called public policy, a euphemism for government social engineering and government force. Public Policy is government force in our lives based on monopoly power to create money.