Overflight, 49

most people who have any experience of responsible administration would probably agree that an administrative Government without any real power over finance, and with that power located elsewhere, can be little more than a figurehead. …
At this stage it may be helpful to revert once again to the critical point that the banking system, without uttering a single false coin, can and does multiply the money of the country for usury many times. …
The banks have usurped the Prerogative of the Crown with regard to the issue of money, and corrupted the purpose of money from that of an exchange medium to that of an interest−bearing debt … It has been connived at by politicians of all parties, who have betrayed the people and without their knowledge or consent have abdicated the most important function of government and ceased to be the de facto rulers of the nation. The issue and withdrawal of money should be restored to the nation for the general good and should entirely cease from providing a source of livelihood to private corporations. Money should not bear interest because of its existence, but only when genuinely lent by an owner who gives it up to the borrower. …
We have thus reached a very interesting conclusion: that whereas the old form of metal money could not and did not bear interest to the owner, and could only bear interest when he parted with the ownership of it and lent it to another, the new form of credit money … has no existence, but imagined to exist and lent to borrowers as though it existed for the purpose of bearing interest. This non−existent money passes by sale into the hands of those who give up something in exchange for it, and who now therefore own what is not in existence. Absurd as this description may appear, it is none the less undeniable. Let everyone with money that is his very own – borrowed from or lent by nobody – present himself at the bank at the same time and ask for it. The proof of the statement whether this money does or does not exist will then be apparent. …

Overflight