Origin: XBN - 0077 - B:AENNEWS
From: STEVE ERICKSON
Re: I BEEN THINKING
AN ESSAY ON BABYLON
There are two self-evident truths that should manifest
themselves to anyone who will but think about them for a moment.
1. Communism, as an operating system, is parasitic. It MUST have
an external source of supply to exist.
2. Banking, as an operating system, is parasitic. It MUST have an
external source of wealth to exist.
One of the foundations (sic) of Communism is the idea of equal
distribution of labor and wealth.
"From each according to his ability;
. . . to each according to his need."
Ayn Rand revealed the foolishness of this idea back in 1957 with
her masterpiece, "ATLAS SHRUGGED". Simply stated, when this idea
is implemented as a rule of society, output decreases and demand
increases. There will be no technological advances, no improvement
in the standard of living and no surpluses of goods. Historically,
Communist systems have consumed a large portion of their own people
as well as the food, goods and services of other nations; just to
stay afloat. The corollary then, is that wherever a Communist
system is operating, there must also be an external source of
supply to feed it. Who or what would feed it? For example, where
on earth can we find a supply of food, industrial and domestic
goods, and raw materials sufficient to transform Russia from an
19th century agrarian monarchy into a 20th century superpower?
The obvious answer is that the goods necessary to build a com-
munist state must come from another nation or nations that are
producing in excess of what is necessary to support themselves.
The banking system, as it presently operates, is similar to
Communism in that it produces nothing. It does, however, provide
the mechanism whereby the Communist ideology may be implemented.
The banking system effectively transfers the wealth of those with
ability, the producers, to those with a "need", the parasites.
It does this by creating the illusion that a bookkeeping entry
denominated in "dollars" on the books of a bank is equal to real
goods and services, also measured in dollars. Thus, by creating
bookkeeping entries and exchanging them for things of real value,
the banking system acquires title to real goods and services with-
out having to produce anything of value itself.
Why, you ask, would any productive person be willing to
exchange real goods for numbers in a book? The promoters of the
banking system were probably thinking on this question when they
created the concept of "Buy Now - Pay Later." By appealing to a
basic element of human nature, greed, and by slowly supplanting
real money with their own valueless substitute, the banking system
established control over the FLOW of wealth. In order to exchange
wealth (buying and selling), it became necessary to utilize the
system. Visible or not, there is a bank in between every sale or
purchase of real goods. Having acquired control over both the
flow of wealth and the medium of exchange, the banking system is
also in a position to determine the VALUE of goods and services.
This is accomplished by altering both the SUPPLY of "money" and the
COST of borrowing it. This is more commonly recognized as the
"Inflation Rate" and the "Interest Rate". Increases in the SUPPLY
of "money" cause increases in the rate of inflation whereby the
price of goods appears to increase due to the decrease in the
purchasing power of the "money." Increasing the COST of borrowing,
the interest rate, increases the cost of producing goods which in
turn increases the cost of the goods themselves.
From the foregoing it follows that once the banking system
expands beyond national borders and becomes international in
scope of operation, it is a simple matter via politics to control
and direct the flow of goods from one country to another. Balance
of trade data will describe who are the relative debtor and creditor
nations but ultimately everyone ends up owing the bank. This is
true because the banking system only creates "money" enough for
the PRINCIPAL of the loans but never enough to cover the INTEREST.
Hence, it is mathematically impossible to pay off all of the loans.
After a few cycles of this activity, the total debt will be many
times greater than the total money supply. At this point the debtor
nation is "Bankrupt" because its debt far exceeds its ability to
pay. The banking system then can foreclose on the debtor and
seize its assets, which, in the case of a nation, is the total
Gross National Product PLUS a lien on future production.
Enter the income tax. It is no coincidence that the Federal
Reserve System and the Income Tax were born on the same day. Nor
is it surprising to learn that Communist Russia was born within
five years after the other two. The Income Tax functions as a
regulator for what had hitherto been the weak link in every fiat
money system ever attempted. The tax allows for continuous "loans"
of newly created "money" without the problem of having the total
money supply inflate to worthlessness. It does this by period-
ically removing from circulation a portion of the previously
created "money" so as to keep the overall total at a manageable
level. It also functions, by adjusting the tax laws, to direct
the FLOW of "money" into those areas that the bankers wish to
promote and away from those they wish to discourage. If they
wish to promote offshore oil drilling, they merely instruct their
lackeys in Congress to legislate write-offs and deductions for
investments in oil production. If they wish to discourage
domestic auto production, they merely add more taxes and regulation
on that industry.
If you understand the foregoing, you should also recognize
the weak link in the system, i.e., the original lie that book-
keeping entries (and paper bank notes) are equal in value to real
goods and services. Should the general public ever stop believing
the lie, the system would collapse almost immediately from lack
Taken as a whole, this system of banking, taxation and
political control I call Babylon. This name is derived from the
Biblical entity of the same name which is described therein as
having a present/future existence. Babylon in the Bible is
Having made the Merchants of the earth rich. Rev.18:3
Having oppressed and destroyed many nations. Hab.2:6-8
Having promoted the use of drugs. Rev.18:23
Being the seller of nations. Nahum 3:4
Being finally destroyed by God. Jer. 51:11
This is not all that the Bible has to say about Babylon but it
is representative. The interested reader is invited to compare
these and other Bible passages with the present global monetary
system(s), ALL of which are based on bank-created "money". Then
compare the connections between international merchant and banking
activity and internationally managed military activity and it
becomes clear just WHO this present-day Babylon is.
All of this, of course, is my own speculation and observations.
What intrigues me is the similarity between the Babylon of the
Bible and America; specifically New York City. I also think that
the "City of London" figures into the picture. Centered in New
York and London today we have the Merchant, Banking, Political
and Military capitols of the world. Wall street, the U.N., the
Bank of England, Lloyds of London, Chase Manhattan Bank; all are
institutions with significant global influence and power.
If these observations are anywhere near accurate, then America
is on the threshold of destruction. Issues like health care, gun
rights, taxation, and the environment may soon fade to insig-
I offer the foregoing with a view to stimulating thought and
discussion. One thing is certain: America is in a world of hurt
right now. Maybe it's time to "Come out of Babylon."
þ OLX 2.1 TD þ Life is a school, but not all are students.
--- WM v2.09/92-0593
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