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Money Money Money | UK Column Interviews · UK Column Radio

0:08
Hello, I'm Mark Anderson, US based correspondent for UK
0:11
column. In my current assignment I'm
0:13
doing more in the way of articles and interviews and this
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is a very interesting interview today.
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A little analogy. In Tolkien's Lord of the Rings,
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the main ring of power gives its possessor A menacing,
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all-encompassing control over the world.
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The modern analogy for that is the banking system, and in that
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Lord of the Rings, Soren's ring dominated the other nineteen
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rings of power. There were 20 in all, and there
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are indeed extra rings of power that match that story.
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The modern analogy for those government itself, media, big
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medicine, education, key think tanks and foundations, etcetera,
0:52
etcetera, for the cause of freedom to truly succeed, these
0:56
strongholds of power must be recognized for what they are
1:01
upon which we can build knowledge and dismantle this
1:04
axis of control. And that axis, truth be told,
1:08
goes back to antiquity. Where to begin?
1:10
We must begin with looking at the history of central and
1:14
commercial banking, identify its key players and the illicit
1:18
policies they put in place. And in particular, and this
1:22
really ties into today's interview, dissect the specific
1:26
techniques used to swindle us all.
1:29
This system is indeed the stuff of magicians to ably aid us in
1:35
better understanding monetary mysteries and machinations.
1:38
My guest today is author and researcher Conrad Le Beau.
1:42
Welcome, Conrad. I know you've got a lot to talk
1:44
about. Very interesting, very well
1:46
informed on these topics. Welcome to UK column.
1:50
Well, thank you very much. Thank you for the invite and for
1:53
your introduction. My name is Conrad Lebow.
1:57
I was born in 1943, so I'm 82 years old.
2:02
I try to stay as healthy as I can because I have a, a job to
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try to educate people first. First job is to educate myself
2:12
on the banking system and I have to go back briefly to where I
2:18
lived in Upper Michigan on a small dairy farm in the 1940s,
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nineteen 50s until about 1960, but it was around probably
2:27
around 1955. We had a kind of small dairy, if
2:33
I only had 29 dairy cows, as I recall, the same number as the
2:38
year the stock market crashed here in the United States.
2:41
But my father lived through the Depression.
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He was born 19 O 5 and he lived through the depression of the
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1930s. I'm sure he was stressed out by
2:51
it. And then he listened to the
2:53
broadcast, weekly broadcast of Father Charles E Coughlin coming
2:57
out of Detroit, MI and he learned a lot and he became a
3:00
sort of a go to person in the Upper Peninsula of Michigan on
3:05
the money issue and the banking issue.
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And why do we have recessions? Why do we have depressions So to
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begin with, he explained to me why the stock market crashed in
3:15
1929 and we went into a depression.
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There are two reasons he gave to me.
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And this is written in a report I've written, a report called
3:24
the Critical Review, the Federal Reserve Act of 1913.
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You can download it for free on my website at lebowbooks.com.
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And that's spelled LeBeau, same as my last name, books.com.
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It's free for the download. And there's other books on
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health which I've written, and there's a written report
3:44
available if you're interested. But the free download is about
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68 pages total, and half of that is exhibits, exhibits which are
3:55
evidence of a crime going on, multiple crimes going on in the
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financial system of the United States that is in fact been
4:03
exported or possibly even imported from Great Britain.
4:06
But it's called fractional reserve banking.
4:10
And it's its origins actually go back like almost 1000 years to
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when the Knights Templars began issuing letters of credit in
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Europe. And they were a Christian
4:21
organization. And that started this.
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They started as a safe house to protect people's possessions and
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then they began lending the gold and silver.
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But what they did is they had paper back then as paper existed
4:38
for thousands of years issuing letters of credit.
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And they would give these letters of credit and whoever
4:45
presented them with some identification could retrieve
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the the valuables that they deposited at the safe bank or
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safe house is what they call them.
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So there would be gold and silver and diamonds and other
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valuables, and it would all be described on this letter of
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credit. This is a very primitive banking
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system that was set up by the Knights Templars and it spread
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throughout all of Europe. What the Knights Templars found
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is that rather than coming back for gold or silver, they issued
5:19
these letters of credit. People would exchange, would
5:23
pass the letter on to someone else, and then in effect, a
5:27
letter of credit acted as a primitive currency.
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And then they, some dishonest people got into this Christian
5:35
organization and they began issuing letters of credit for
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gold and silver they didn't have in stock because everybody
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believed it was there. And so they accepted these
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letters of credit and they use them as money.
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And then the Templars, of course, got around the, the
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Catholic churches or the Christian churches, I should
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say, because all of them were opposed to usury 1000 years ago.
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And today, of course, it's mainly the Muslim nations that
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are opposed to usury. At least some of them are.
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You know, what happened eventually is that they became
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so powerful, they never charged interest, but they they got all
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the crops from the finest vineyards of Europe.
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They got the benefits of the land.
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They didn't mortgage the land, but it is the production from
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the land that they got to keep. So they, it was a massive
6:31
accumulation. They were the first
6:32
international bankers, the Knights Templars.
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And sometime in this written, I think it's the 13th or 14th
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century, they were put out a business when the Pope turns
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against them. And the king of France, King
6:46
Louis, figured he had all this gold and silver in him.
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So they shut them all down when they went and looked and they
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couldn't find virtually any gold or silver.
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They just found records. It was a record keeping system.
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And a record keeping system is today the foundation of the
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entire world banking system, not just the United States, it's
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England, any country that allows privately owned banks to exist
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and to create credit, which is a promise to pay money.
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It's credit is not actually money.
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Credit is a form of debt. It's an IOU.
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You have a debt, it's a promise to pay and you have credit.
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It's a promise to pay. One of the things I want to
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explain today is that banks actually don't lend money.
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If they lend money, the only thing they would lend would be
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cash, coins or currency. They wouldn't give you a check,
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they wouldn't give you a line of credit, whatever that is.
7:43
That's some numbers stored on their books or on the banks
7:47
computers. They would give you actual cash,
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but they don't lend cash. If they lend cash, then I'll be
7:53
out of business. So they lend something fictional
7:56
called a letter, not a letter of credit.
7:58
It's could be a check, could be a money order.
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And then of course it's gone to their plastic money, which is
8:05
just numbers that move between computers with credit cards and
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debit cards. On a debit card, you simply move
8:12
numbers called dollars or pounds or whatever country you're in
8:16
from one computer to another. With a credit card, the money is
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actually created at the time you swipe the card.
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It doesn't exist, but it only exists as a promise to pay money
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on the part of the banks, which I believe that the I can't
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positively have investigated this, but I am certain that
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banks will be the only ones that could finance a credit system,
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and they do it with their fictional dollars.
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So to the habit of something called convenience.
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OK, people into history would prefer to carry a piece of paper
8:51
in your pocket, then gold and silver coins.
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Gold and silver coins, you could lose them, somebody could rob
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them and they they could wear a hole in your clothes and fall to
9:02
the ground. A lot of things like that.
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Currency basically is no different than a check, except
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it's issued by the government as as a check that doesn't expire.
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It's just it's legal tender. Money itself is the artificial
9:21
creation of man. It's the artificial creation of
9:24
governance. Money does not exist in nature.
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You've never seen two squirrels get together with with some
9:33
coins or a credit card and want to, you know, purchase nuts that
9:37
the other squirrel gathered. You never see that doesn't exist
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in nature. They will steal it from each
9:44
other or they'll just claim their territory and nature.
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There is there is no money, there is no banks, there are no
9:51
corporations, there is no money and there is no debts.
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So it sounds, is it? Is what we've created really
10:00
better than what? Than the natural, than what
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exists in nature? Probably not a lot better, but
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for a modern civilization you do need a system of credit.
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Now when my father told me back in 195556 about this, they put a
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very dark cloud over me and I said, well, what can be done?
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We have a debt usury money system now.
10:25
Debt usury money system means money does not come into
10:28
existence because the government prints it and spends it.
10:32
Because they don't do that. They give it to the banks for
10:34
free. And how the banks get it for
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free? Oh, they pay a token.
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They pay a little bit of money for the currency they purchase.
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In 1981, I wrote to my congressman with a list of
10:46
questions. I lost the complete set of
10:51
letters that I had written to Congressman Henry Royce at the
10:54
time, and he himself comes from a banking family that know the
10:58
answers. So he wrote to the Federal
11:00
Reserve Board, and I asked him how does money enter
11:03
circulation? And the Special agent for the
11:07
Federal Reserve Board wrote back step by step explaining how it
11:12
is. He said the banks, the Federal
11:17
Reserve banks, buy currency for the cost of printing from the US
11:22
Mint, and at that time they were paying $20.60 per thousand notes
11:29
regardless of denomination. So that's a $20 bill and $0.60.
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You could buy $1001.00 bills, $1005.00 bills, $1010.00 bills,
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$1020.00 bills, $1050 bills, or $1100 bills.
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So if you bought $1100 bills for $20.60 you have the legal tender
11:54
value of 100,000 in your possession.
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So I wrote in 2024 I saw 12 different files or documents
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from the Federal Reserve Board and I asked them are there how
12:09
much interest do the banks pay on free cash?
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Well, there is a a smoke and mirrors how this go is, is this
12:23
way in the Federal Reserve Act, which is really the National
12:27
Banking Act of 863 on steroids and the National Banking Act of
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8601863, which Abraham Lincoln probably didn't read because he
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he trusted his his Treasury Secretary, Samuel Chase.
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Banks could take government bonds they purchase and go to
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the Treasury and they would get an amount of currency equal to
12:53
the total value of the bond. But at the same time, they
12:57
continue to collect interest on the bond.
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So they wrote the law in such a way that they pretended was a
13:04
loan, but it actually wasn't alone.
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So I asked him, is any of this cash in my freedom and forever
13:11
been paid back? And their answer I got to all 12
13:13
files from the Federal Reserve Board.
13:16
We have no files for the documents you're requesting,
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which is there a way of, you know, pleading their, their 5th
13:23
Amendment rights not to incriminate themselves that
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they're involved in a, in legal theft under color of law
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basically. So what am I adding this?
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If I, if I may, Conrad. I'll make a couple of it.
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A couple brief observations. I've also heard a definition of
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credit from like Brian Moynihan of the economic democracy
13:49
movement that went through the UK in the early 9, early 20th
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century. Credit is also the ability of
13:55
people to produce and the confidence that people have to
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associate and produce. In other words, the people's
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credit is the productive capacity and the confidence that
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they have in that productive capacity to produce goods and
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services against which money is spent, because money essentially
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is inert and it's it's essentially worthless if there's
14:16
nothing to purchase. So the people have to have
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confidence in themselves, their credit, IE to produce goods and
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services, thereby giving money its circulatory value.
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Just just an observation kind of kind of academic, but it kind of
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rounds out what banks see as credit versus the people's
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credit. It's kind of a flip side.
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But but go ahead, go, go on that track that you're on.
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OK, well, credit is, is a form of debt.
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It's it's a promise to pay money.
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Now, if you look at the US Constitution, there's a clause
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in there that says Congress shall have the the power to
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borrow money on the credit of the United States.
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Well, money and credit can't be the same thing because if that
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is Congress has the power to borrow money on the money of the
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United States, well, then why is Congress borrowing any money at
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all? Or if it was worded that
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Congress has the power to borrow credit on the credit of the
15:14
United States, why would we borrow a promise to pay money?
15:18
It's like, well, it's the it's it's absurd, but it's based on
15:27
the faith and it's based on deception because there are some
15:30
things about banking that are not widely understood here. 1 is
15:36
the nature of money. When the safe houses were set up
15:41
809 hundred years ago in Europe, people trusted letters of credit
15:48
because they every time they went there, there was gold or
15:51
silver. But The thing is that because it
15:54
was a savings, people keep bringing cash into a bank.
15:58
They would bring gold, silver, copper coins, whatever valuables
16:03
they had or debt that was used like as money.
16:06
So it's your faith in the system that sustains it.
16:12
It's deception that gives Bankster power.
16:17
Bankers aren't especially international.
16:19
Bankers have the unique qualities of being the best con
16:22
artists in the world and the best magicians in the world.
16:26
And you combine those two skills together and you have something
16:29
called banking. Because the banks were lending
16:32
actual money, they would only lend cash, coins, or currency
16:36
checks. E funds, E funds is all
16:39
fraudulent. You can't take numbers and move
16:43
them from one computer to another and say that's money,
16:46
That's a record of money. It's a record of money that's
16:50
supposed to be in the vaults. But the money is never even,
16:53
never really there. Most people, when you look at a
16:58
bank, you think that banks will pay you interest on a deposit.
17:03
And then you figure that the that's what the banks lend out,
17:07
what other people deposit. Actually, it's not.
17:11
There's an internal rule in the banking system which they
17:14
haven't disclosed to me, but it's, it is my logical analysis.
17:18
The only thing that would make any sense if they lent out the,
17:25
the customers who deposited money in the bank, then when you
17:29
went to the bank to withdraw your money, it wouldn't be that,
17:31
well, we haven't collected it yet.
17:34
No. And it's, it's the most, the
17:36
most clever thing that only a magician could perform.
17:40
The bankers actually create the credit that they lend when they
17:44
make a loan. They don't, They actually create
17:46
the money. All of them do, including credit
17:49
unions. So credit unions actually don't
17:51
lend money. They'll lend credit.
17:53
Banks don't lend money either. They lend credit, which is a
17:57
promise to pay money. And because those promises to
18:00
pay money are trusted by people or they're accepted, even if
18:05
they're not trusted, they're accepted like credit cards are
18:08
accepted. Credit cards actually aren't
18:10
money. Debit cards aren't money.
18:12
Lines of credit aren't money. These are all credit
18:16
instruments. If you go to a bank, no matter
18:19
what you bring there, it's converted into a record on the
18:23
computer right now. In the past, it was just books
18:26
when he had written records. So all of it is converted into a
18:32
digital form. The world's monetary system
18:36
right now is controlled by computers, and a lot of other
18:39
things in this world are controlled by computers.
18:43
So computers in fact control this this very broadcast, but
18:48
they have different purposes. When a computer is used for
18:52
deception, and it's not a very good purpose.
18:57
If you go to a bank, no matter what you deposit, it was whether
19:00
it's coins, checks, money orders, bank drafts, whatever
19:07
name you want to give it, it's converted into a record.
19:11
And that record is in the A file.
19:14
Yeah. But checking and savings
19:16
account, they have them on a computer basically in the same
19:19
file. They just got to hit another
19:21
button to see whether your savings or checking account is.
19:24
But it's not in the bank vault, it's in the computer.
19:29
So why do they have any cash at all?
19:30
Because cash is like the jumping rabbit that comes out of the hat
19:35
by the magician. You think you believe that
19:38
there's cash behind all these checks, but it's not there never
19:43
was there. And it's the nature of money.
19:46
People keep bringing their cash to the bank and as long as they
19:50
people are fooled into believing that the cash is there to back
19:53
up these checks, credit cards, debit cards, whatever, they keep
19:58
accepting it as money. It's called equivalent.
20:01
Equivalency doesn't work for anything real.
20:05
You couldn't have a digital hamburger.
20:07
It would have no calories. It wouldn't taste like a
20:10
hamburger. A digital hamburger would say
20:13
you just had the meat on a hamburger and see how to bake.
20:19
And they said, well, we have digital hamburgers for sale
20:21
today. They're a dollar a piece,
20:23
quarter pound. Oh, well, that'd be interesting.
20:27
I'd like to try one and see what it's like.
20:30
So you get a hamburger and a toasted sesame seed mun which
20:34
you like fried onions or wrong onions on it, ketchup, mustard,
20:38
Pickles, the works. OK, so they fill it up in the
20:42
sesame seed mun and in between the sesame seed mun in the
20:47
middle of all this sauce and and seasonings they put on it is a
20:52
picture of a quarter pound burger.
20:54
That's what you get between your two pieces of sesame seed mun.
20:58
So when you eat it, you take a bite on it and you say, what's
21:02
the picture of a hamburger doing in here?
21:04
Well, that's the digital dollar. That's why it was so cheap.
21:08
I'd actually, if it was totally digital, that's partial digital,
21:12
totally digital, the whole thing would have been a picture of a
21:14
hamburger that was a quarter pound.
21:17
So you see, you can't eat in digital.
21:19
There's no intrinsic value there that means anything.
21:23
If you milk coins, you take away the writings on a piece of paper
21:28
called currency or a check, then it's just a piece of paper.
21:31
It has no value. If you take away the numbers on
21:34
debts, then debts have no value, They cease to exist.
21:37
Now that's what you call bankruptcy.
21:42
So. A couple of points of clarity on
21:45
this one, Conrad, because you're digging a pretty deep rabbit
21:48
hole. So just for the for the sake of
21:51
the audience, one of the things I understand is that when you
21:56
make a deposit, it's a demand deposit in the, in the bank's
22:00
computer accounts, as you say. And that demand deposit is a
22:05
liability to the bank because if you come to get your money, they
22:09
have to make good on it. So if you get a loan, they, they
22:15
basically monetize or make a, a, an, an instrument, a, a, a
22:23
certain legal instrument out of your, your loan application.
22:28
And then that's converted to a loan.
22:30
And they, and they have, there's a, a deposit in your name, a
22:33
demand deposit. And the money owed to the bank
22:37
with interest is the bank's asset.
22:40
But the, but the actual account in your name from getting that
22:43
loan is a liability to the bank because they have to make good
22:47
on it if you were to come and want it all in cash.
22:51
So in other words, it's one of those counterintuitive things.
22:56
It, it's kind of a duality there.
22:57
The, the, the deposit is an asset to the bank once again,
23:02
because they, they get payments on the loan with interest sent
23:06
to the bank from you, the consumer.
23:08
And yet at the same time, it, it's a liability should you want
23:13
to convert that whole, that whole thing into cash rather
23:16
than, you know what I mean, If you wanted the loan all at once
23:20
rather than writing checks on the loan incrementally, that
23:23
that's another dimension of this.
23:25
I don't know if you want to comment on it.
23:27
It can. It can just.
23:29
I'll tell you what it you it's, it's it's like a financial
23:33
Rubik's Cube. When you think you have it
23:35
figured out and you turn 1 of the the dice on this Rubik's
23:40
Cube, you get a different picture of what's going on.
23:42
What it really is is they have banks.
23:46
There are two phases of debt here.
23:48
The banks demand deposits are what people deposit in the bank
23:54
that the bank owes their customers.
23:56
When the banks make a loan, they don't actually take the money
23:59
out of their account. Because if you go to a bank and
24:03
if you don't believe me, go to a bank and borrow money and tell
24:06
them, just ask him a question. Just tell him, you know, I, I
24:11
know I'm not mine, I'm not Colombo, but I'm going to ask
24:13
you a question from this Hollywood actor.
24:15
He's always would ask a dumb question.
24:18
You said, you know, whose account are you taking the money
24:21
out of to give me this loan? And they, and they will give you
24:27
an answer. They'll the channel drop.
24:30
You say, I don't know actually, we're not taking money out of
24:33
any account. So that's the reality.
24:36
You're not actually taking money that you deposit, but they're
24:39
paying you money. And the reason they're doing
24:42
that and the reason why banks pay for deposits, because the
24:46
internal rule is that the money that they create and lend to the
24:49
customer cannot exceed the total deposits.
24:54
Or at least it shouldn't. We don't really know if it does
24:57
or doesn't, but it shouldn't exceed the total deposits of,
25:02
of, of money of so-called money that was put into the bank,
25:05
which is converted into a record.
25:08
So Father Coughlin correctly wrote in his book that in any
25:14
loan, the banks create all the money.
25:16
And he was right, but he didn't explain this.
25:19
You can understand it because they'd actually don't create
25:23
money. They create credit instruments.
25:26
They create promises to pay money that are used as money.
25:30
So if you had a promise to pay someone gold and you believe the
25:32
gold was there, you don't actually don't need the gold
25:34
because you believe it's there. You use it as money.
25:38
In fact, the late Charlie Kirk, I seen him on television one of
25:43
his shows last year, and he said money is in the bank because you
25:48
believe it's there. If if you didn't believe it was
25:51
there, it wouldn't be there, then it would.
25:54
You have faith in it, and it's your faith that's holding it up.
25:58
When you consider the fragility of the existing system, it's the
26:05
entire financial system could, could, could crash worldwide.
26:11
It just takes a certain sequence of events that would run out of
26:14
control, like the meltdown in 2008.
26:19
But you have this massive pile of debt create on fictional
26:23
loans. We were supposed to be money,
26:26
but are actually promises to pay money because the cash was never
26:29
actually delivered to anybody. And when you take that, these
26:34
promissory notes, say a checkbook, credit card, debit
26:37
card, line of credit, you transfer those numbers to
26:40
someone else's account and you get something of real value, but
26:43
you don't get it from the bank. The bank escapes when you got
26:47
something of real value, but you didn't get it from the bank.
26:50
You got it from whoever you bought goods and services from
26:54
or bought property or real estate.
26:57
So it is complex. It's not impossible to
27:00
understand, but it is difficult for a common person to
27:04
understand the the two edged sword of credit and debt.
27:10
They're both. They're both a problem.
27:12
Let me interject. Yeah, go ahead.
27:15
Yeah, it's a point of clarity and it it'll really help put a
27:19
bow around what you're what you're doing here.
27:23
The, the clear way of, of explaining it that I've heard
27:25
the clearest way is when banks loan you something, they part
27:29
with nothing. They don't loan, they don't loan
27:32
their own assets and they don't loan the depositors money they
27:36
created. As you say, the, the, the quill
27:39
pen was replaced by the keystroke.
27:41
And so it's no longer ink, it's digital strokes and they simply
27:45
part with no assets of any kind and they don't tap into the
27:49
depositors assets. So it's a, it's a new creation
27:53
and it's a swindle and a swindle can be undone.
27:56
It's, it's not inexorable. It's, it's not something that's
28:00
necessarily going to dominate us forever.
28:02
Once we know what the swindle is, it can be undone.
28:06
And that's really the important thing is to understand what
28:10
they're doing, diagnose it. And then as we push forward in
28:13
this interview, and they'll be subsequent interviews probably
28:15
about similar topics, pushing forward to dismantling this axis
28:21
self-control as we build understanding with your, your
28:25
very valuable help here. So that's just another point of
28:28
clarity along our talk. You can proceed, of course.
28:32
OK, I'm going to go back to 1956.
28:37
I I started to ask the question, but I'm trying to cover too much
28:41
ground here too fast and I may lose some of the listeners of
28:45
that way. My father explained what caused
28:48
the crash in 1929 was two things.
28:51
Herbert Hoover tried to pay off the national debt at the same
28:54
time the Federal Reserve raised interest rates.
28:57
Those are the two separate factors, but they're
29:00
interconnected. The Federal Reserve raised
29:03
interest rates probably to fight inflation.
29:05
They always have to raise interest rates for something,
29:10
supposedly money they never actually lent, but credit.
29:14
And so that's another issue. And then whoever, Hoover, Hoover
29:18
tried the to pay off the national debt, but you can't pay
29:23
the national debt off without contracting the money supply.
29:27
The money has a unique quality because you don't eat it.
29:32
You don't make a salad out of currency.
29:34
You spend it and someone else spends it and then they spend
29:37
it. So it keeps moving in a cycle
29:39
and it keeps recycling. Well, the problem is, is because
29:43
of usury, because of the interests on these loans, you
29:48
create a debt with a greater demand for money than it that
29:53
exists in the entire country. And when you have a big
29:56
monopoly, if it was just a few banks using this scheme to make
30:01
themselves rich, it wouldn't affect the whole country.
30:06
But the whole country's economic system is based on a fraudulent
30:10
financial model. Then either the debt grows or
30:16
the money supply contracts and you have unemployment, you have
30:19
a recession, and people blame the people in power for it.
30:24
But the real people in power, not even the people you elect,
30:28
is that the greatest power in this world is the power to
30:31
create money. Henry Kissinger once said
30:35
whoever controls money controls the world Almost.
30:40
But he didn't have the word almost.
30:42
I am because they they don't control the banking system of
30:46
every country in the world. So I suppose the concept should
30:49
banks be privately owned idea legitimate business.
30:54
They offer a service, but so does the US Postal Service.
30:58
Let's say you got rid of the US Postal Service.
31:01
What do you think DHL, FedEx and UPS would charge for a first
31:06
class litter? Well, probably their minimum
31:09
charge, which would be 6 or $7.00.
31:12
Now I think it's $0.78. It probably used to be a penny a
31:16
long time ago, a long time ago, maybe in the 1930s.
31:22
But you have greed, the factor of greed, and greed is a factor,
31:29
greed and the ability to mislead people and to get people to
31:33
trust you for what you're doing. And that's what the bankers they
31:36
trust, that the money is there for the checks.
31:41
You say the lines of credit or whatever you're using, but
31:46
actually ain't there. In fact, Stephen K Bannon and
31:51
one of the books he wrote for a company that sells Birch Gold, I
31:57
believe, gold coins, he quoted JP Morgan who said gold is money
32:03
and everything else is credit. So we're on a gold standard.
32:07
We were really are on a fraudulent standard.
32:12
If you start substituting a piece of paper for gold for the
32:16
convenience of it, because gold has no practical value, it's not
32:21
a tool. It won't.
32:23
It won't change the tire on your car and won't do any of those
32:25
things if it had no, no, no value that the government
32:30
imparts to it. It's the government stamp of
32:33
authority that gives anything that you call money, money that
32:38
gives it power, the power to pay debts.
32:41
And it's all based on a numbering system.
32:44
You can call these numbers dollars, pounds, francs, pesos,
32:50
shekels, rubles, whatever country you're in.
32:54
It's still the same principle. Now, there are some parts of the
33:01
United States where you don't have God.
33:03
There's one, there's one state in the Union.
33:05
But there's some countries in the world that probably don't
33:09
have privately owned banks and they're they're considered the
33:11
enemies of the United States. They're not democratic.
33:15
I don't know what privately owned banks and democracy have
33:19
in common, but it's it's all deception and and it's
33:23
propaganda. But I want to get this quote
33:26
from the Sir Josiah Stamp. He was the former president of
33:33
the Bank of England. So I'm going to have to get my
33:35
magnifying glass to read this because my lighting is not
33:38
sufficient in here for some reason.
33:40
Sir Josiah Stamp, president of the Bank of England, in an
33:43
informal talk to 150 University at University of Texas students
33:49
in the 1920s, said this and listen carefully.
33:53
Banking was conceived in inequity and born in sin.
33:58
Bankers owned the world. Take it away from them, but
34:02
leave them the power to create money, and with the flick of a
34:04
pen they will create enough money to buy it back again.
34:09
Take this great power away from bankers and all great fortunes
34:12
like mine will disappear. And they ought to disappear
34:16
because this world would be a better and happier world to live
34:21
in. But if you want to continue to
34:24
be the slaves of bankers and pay the cost of your own slavery,
34:29
let them continue to create money.
34:33
And that is a quote. I got reference number 13 that
34:37
may have come from when I got 15 different quotes or that would
34:42
have come from bank anomic. One easy lesson by Peter Cook
34:47
published sometime in the last century US monetary science.
34:57
That is the the issue like an issue of the national debt, like
35:02
right now so-called national debt.
35:08
There are those legal basis actually to repudiate the entire
35:12
national debt of the United States.
35:14
And it starts off right with the US Constitution being that money
35:19
and credit are exact obvious. It's like positive and negative.
35:22
You know, positive is cash and debt is is the negative charge
35:28
if Congress has the power to borrow money on the credit of
35:31
the United States, but doesn't have the power to borrow credit
35:35
on the credit of the United States.
35:36
And that's all the government ever did, borrow any part of the
35:40
national debt not purchased with actual cash.
35:43
There's an actual jurisdictional defect where the Treasury could
35:47
default on any of these loans, including all the digital
35:51
purchases of bonds. None of that is actual money.
35:54
Those are just numbers on computers.
35:58
And so that's just one basis. The other basis for reputing the
36:02
national debt is, is the 8th privilege written in the Federal
36:08
Reserve Act in 1913, which was actually inherited from the
36:11
National Bank Act of 1863. They inherited that special
36:15
privilege and it was the 8th one.
36:17
There was 7 before that. And it's because they put it
36:21
last figure in that and and they people would read the first few
36:26
and then they'd fall asleep and they wouldn't read the rest of
36:28
it. In fact, that entire act, I read
36:31
all of it and it's a torture to read it.
36:34
It's 31 pages, all single, single type with a typewriter
36:38
that's hard to read. From the images I got from the
36:41
Federal Reserve Bank of St. Louis, MO, it should have been
36:45
rejected just for its, the length of its sentences.
36:47
Some of them were half a page long and they rambled on and on
36:51
and covering one topic to another.
36:54
And I keep seeing a reference and it's the law they were for.
36:57
What law they're referring to? They're referring to the
36:59
National Bank Act of 1863. No, the 8 privilege.
37:03
They refer to the privilege they're inheriting from the
37:06
National Bank Act of 1863. Except it's not.
37:11
These cash advances are not limited to the capital stock of
37:16
the bank. That's what it says in the
37:18
Federal Reserve Act. There's a lot of things about it
37:21
I'm going to get into. I'm writing a series of articles
37:24
for the American Free Press every two weeks on one page,
37:29
because this is a subject complex enough that you got to
37:33
make it interesting so I can lead people through it.
37:36
It's like teaching them math all over again, or algebra.
37:40
You got to understand the inner workings of the con artist and
37:45
magician whose talents are combined in the international
37:49
banking system because that's what it what it really is.
37:53
The national, the international bank is the world really doesn't
37:56
owe any money because they never lent any money.
37:59
Well, there is a legal basis and you, you get that legal basis.
38:03
It could be done, but it would take an act of Congress.
38:05
You would have to, you'd have to file under, you'd have to use
38:10
the bankruptcy laws, not even the printing of money.
38:12
You'd have to restructure the entire financial base of the
38:16
country, which you could do with a law that gives back most of
38:20
the interest you paid on any loan you ever had in your
38:23
lifetime. Maybe going back 30 years maybe
38:25
would be the most practical, but most of the debts in this
38:29
country is interest paid on previous debts.
38:33
If most of that interest is canceled it would be
38:37
proportional. So if you bought a house, I came
38:40
up with one method, it just moved the decimal point over 110
38:45
to the left. That would wipe out 90% of all
38:49
the banks so-called assets, which is the loans they made to
38:52
their customers because they never actually lent money.
38:56
It's, it's, it's the most amazing thing that they that the
38:58
bankers accomplished. It's so amazing and so deceptive
39:03
that I think the only word for it is found in the Bible.
39:06
And it's called sorcery, an evil that is so clever that it
39:11
deceives the ELAC. It deceives the governments of
39:13
the world and the people of the world and the people have been
39:18
deceived and, and, and there's a satanic power behind it.
39:22
There's no question about it. But it's not going to last
39:24
forever. It's coming to an end pretty
39:26
soon. If I may make a quick comment on
39:28
that, I went to Jekyll Island, GA in 2010, the 100th
39:33
anniversary of the secret train ride.
39:37
When Paul Warburg and Senator Nelson Aldridge, who was married
39:41
into the Rockefeller family, they made that secret train ride
39:45
to Jekyll Island, GA posing as duck hunters.
39:47
Most of them wouldn't know one end of a gun from the other.
39:50
And so 100 years later, I go to Jekyll Island, GA and I'm not
39:54
the first one to say this. And this might sound a little
39:57
strange at first, but that place had a dark vibe to it.
40:02
There's a room there where the bankers met to write the Federal
40:06
Reserve Act or the basis of it. And there's pictures of most of
40:09
the participants still on the wall at that special old hotel
40:14
that's still there. And the whole island, much of it
40:19
just had kind of this dark vibe to it.
40:21
And I've heard other people comment on that.
40:24
As you say, you know, we're we're up against principalities.
40:27
We're not just fighting flesh and blood battles, as the Bible
40:30
says, we're fighting dark principalities.
40:33
And I think that that presence can sometimes be detected by
40:37
people that are open to it. But a flip side of that, I'll
40:41
mention briefly as I wrote an article for UK column that's
40:44
still available on the website about another island, not Jekyll
40:48
Island, but the island of Guernsey in the English Channel
40:52
and that island in the early night in the early 1800s.
40:55
Excuse Me, devised its own currency system and for 20
41:00
years, almost exactly 20 years, the governing body of the island
41:04
of Guernsey and the people were free of any banking control and
41:09
banking debt. It's it's the the Guernsey
41:12
experiment. Sometimes it's called, but it's,
41:14
it's a, a brighter spot that we're we're painting a fairly
41:18
complex, as you say, Rubik's Cube kind of picture here, but
41:21
it's a it's a, it's a brighter spot or a more hopeful note to
41:25
sound right now as we go along this very important, but
41:29
sometimes menacing sounding information.
41:32
So with that, Conrad, back to you.
41:34
OK, well, thank you for giving me a little break here talking
41:39
now that that was injury. I had heard about the Guernsey,
41:42
about the country that had had their own, I believe silver
41:45
coins and they used it. Then what someone else told me
41:48
there was some country that the bankers corrupted it somehow
41:51
they got in there and they they didn't want an honest money
41:55
system. They wanted to control it.
41:56
And that's the big battle is in the world, the enemies of the
42:02
world right now. The West is not Russia, it's not
42:04
China, it's not Ukraine, it's not the Palestinians, it's not
42:10
Cuba, it's not Nicaragua, it's not Venezuela, it's not North
42:14
Korea. It's in our own country.
42:16
It's the monopolies we have in this country.
42:19
Monopolies created the money, the money monopoly in the
42:23
banking monopoly. One of the things I wanted to
42:28
discuss is that Lincoln issued United States notes during the
42:32
Civil War. These notes were legal tender
42:35
for all deaths, public and private.
42:37
They were not redeemable in gold or silver.
42:41
The bankers, England in fact, didn't like it.
42:44
I believe the Times of London to refer to Lincoln's policy as a
42:48
mischievous Financial Policy which shows that England itself
42:52
has within it the seeds of this very self-centered banking
43:00
system. And probably some very wealthy
43:03
people living in England, and maybe some of them, will listen
43:06
to this broadcast. If they do, they should remember
43:10
what Christ said 2000 years ago to the rich people of his
43:14
generation and future generations.
43:17
It shall be easier for a camel to crawl through the eye of a
43:20
needle than for a rich man to enter the Kingdom of heaven.
43:25
But you have these rich people, they either don't believe God
43:28
exists or they believe they are God.
43:31
And that's why you have this international organization
43:35
called the World Economic Forum. And they sit there and they plan
43:39
what they're going to do in various nations and how they're
43:43
going to control the media, control what we spend, what we
43:45
buy it on. And basically an unelected 4th
43:49
branch of government, which was never, never provided for in the
43:54
US Constitution, which is why Thomas Jefferson opposed the
43:58
First United States Bank of Alexander Hamilton.
44:02
And Hamilton actually wanted a central bank.
44:05
Even before the Revolution, the colonies issued their own
44:10
currency. But then England, probably at
44:13
the behest of the Bank of England, flooded the the states
44:17
would counterfeit currency, which lowered the value of the
44:21
continental currency. And so much of what is going on
44:28
is mind control, is mind control to the media, the mass media,
44:34
televisions, which in some aspects should be called Tele
44:37
live vision and you have of course the radio and printed
44:42
media. But this control of information
44:46
and the withholding of information, like I think I on
44:50
United States, if you haven't seen a printing press printing
44:54
$20 a $100 bills 1000 times, you haven't seen it once or you
44:58
haven't been watching television for the last 40 years.
45:02
But what's misleading is they talk about inflation to show the
45:05
government printing money. But they will tell you that the
45:09
government, the last time the government printed money and
45:12
actually spent it into circulation was when President
45:16
Abraham Lincoln was in the White House.
45:18
And he they ran out of gold and silver coins to pay the Union
45:21
soldiers. So they pay them with these
45:24
paper notes called the United States notes.
45:27
And they, they the only thing that they had to pay in gold and
45:31
silver coin were in the import fees or export fees, one or the
45:36
other, maybe both. But for the most part, they work
45:40
the same as if you were using gold or silver or bank credit,
45:43
which is another form of paper money that the banks create and
45:47
circulate while pretending that there's gold or silver behind
45:51
all this, all these notes, but it's it's never there because
45:56
they you got a certain number of people are are happy using
46:02
something other than a form of money that has intrinsic value.
46:06
A credit card is is really intrinsically only worth the
46:09
plastic it's made out of, which is basically nothing.
46:12
The same with a debit card, a checkbook, it isn't really worth
46:16
very much the numbers and it's all a record keeping system.
46:21
The United States, everything, I would say 90% of what we use as
46:26
money in this country is all numbers stored in computers.
46:30
And you do it with transfer electronic funds, what you call
46:35
which is not actual money, it's just numbers and it's it, it's
46:42
in the, it's in the computers, it's in it.
46:44
That's what debit cards do this with credit cards, you actually
46:48
create the numbers, you create the money you're borrowing and
46:51
you're paying 30% interest on it with a credit card, which is
46:54
completely insane. The government needs to, at the
46:57
minimum, establish a separate monetary system, and it can do
47:03
it through the US Postal Service that competes with the existing
47:07
monopoly of the Federal Reserve System and can do it at an
47:11
interest rate lower than what the banks charge or the credit
47:14
card companies charge. The.
47:16
Government, I might add, Congress, yeah, very quickly,
47:20
just it's important to note this.
47:21
There's a precedent for that. Postal banks did exist in the
47:25
Depression era. There were postal banks and
47:28
people had basic accounts there. So that precedent already
47:32
exists, which means we could do it again.
47:34
And that interest that they would charge would probably just
47:37
be service fees, certainly probably not compound interest,
47:42
in other words, just just enough service fees so they could
47:44
function. And, and that a point well
47:46
taken. If you were to privatize
47:48
delivering first class mail and take the first class mail
47:53
privilege away from the US Postal Service and give it to
47:55
FedEx, I think you would see a kind of brigandry or piracy
48:01
going on. And again, the people would be
48:04
overcharged just to tie those two things together, a point you
48:07
made earlier. And I don't want to lose the 8th
48:09
privilege. I think you need, if you would
48:11
explain the 8th privilege a little more in the next couple
48:14
of minutes because that's such a pivotal thing.
48:18
But yeah, just to just to sort of keep things on track.
48:21
OK, well, to keep to keep it on track, this we only got about 5
48:24
minutes left here. Yeah.
48:25
The 8th privilege, When I read this thing I first time, I
48:29
didn't understand it because it said it was written in coded
48:35
language. I do have a copy of it here.
48:37
I bet it would take time to just to read it.
48:39
So I'm going to have to go from my memory.
48:41
All of that is in. You can download all this on my
48:44
website at lebowbooks.com. I wish everybody listening would
48:48
go to there and just download it.
48:50
It doesn't cost anything. And then you can read it and
48:53
send it to other people. But the 8th privilege, what it
48:57
does and it's, it's very deceptive, OK, But it to get
49:02
that aid privilege, the banks buy bonds with money that they
49:06
create, OK, through fractional reserve banking.
49:09
So I guess the purchases could say are fraudulent to begin
49:12
with. But assuming they were
49:13
legitimate and they get the a bond or treasury note, then they
49:18
can go to the treasury and they will, they appear to be
49:22
borrowing the money from them because they say, well, we're
49:24
offering the bond as collateral. But they never actually
49:27
physically surrendered a bond. They still collect interest on
49:31
it. And no one knows that they even
49:34
collect, they may collect the principal on it.
49:36
That would be, it would be double dipping if they got
49:39
interest on it and triple dipping if they also get got the
49:42
principal on top of it. But we don't know that because
49:45
no one ever has held hearings and subpoenaed the special
49:48
agents of the 12 Federal Reserve banks to get to the bottom of
49:52
it. I mean, I all these questions I
49:54
asked in their, in their exhibits, the answer from the
49:57
Federal Reserve Board in 2024, I'm in there and they refuse to
50:01
give me any documents because they don't want me to know these
50:04
secrets because I've, I pretty much got into the the Viper's
50:08
den and I'm looking at him in the eye and, you know, spitters
50:13
shut up. You know, I wanted what?
50:15
Don't know what the truth is. And they don't want it.
50:18
They don't want. It tell me, if I may, Conrad,
50:20
one of the most important things you said there was they take the
50:23
bonds to the counter, but they never surrender the bonds.
50:27
They never surrender ownership of them, no.
50:30
Yeah, that's the key thing, right?
50:31
Because they're getting all the benefits and they're never
50:34
making the sacrifice, the surrender or the sacrifice on
50:38
their part. Oh, it's, it's, it's a complete
50:40
racket. It's a complete scam.
50:42
They get, they get paid in full, but they, well, it's not payment
50:46
when it's we're just exchanging. It's a collateral.
50:49
Well, it's not collateral 'cause there's no terms or conditions.
50:52
I asked specifically Federal Reserve Board, what are the
50:55
terms and conditions when a bond is used for a cash advance from
50:59
the Department of the Treasury and they refuse to give me, we
51:03
don't have any files. Apparently there are no terms
51:05
and conditions. That'd be like getting a
51:07
mortgage on a house. And you say you do know that
51:10
their house is collateral for the loan.
51:12
Yes. OK, then you reach the point,
51:14
well, what are my monthly payments or, or how much soil?
51:19
How do I pay this back? And the guy just looks at you,
51:23
just winks. You don't worry about it.
51:27
You know, in other words, you don't have to worry about it.
51:30
There are no terms and conditions, so you never pay
51:32
anything back. It's all free money.
51:34
Their banks don't do that. They all be out of business, but
51:38
this is the way this whole scam is operating.
51:41
And that's. I asked and I bet on the amount
51:43
of currency and I said they pay a little bit more now it costs
51:46
them $0.74 for $100 bill. That's really a good bargain.
51:51
That's less than 1% of the cost of $100 legal tender.
51:55
A Benjamin that you call and you you look at the now I just had a
52:06
brain freeze here I'm sitting here talking because I got too
52:09
much on my mind at one time and sometimes let.
52:12
Me, let me add a point. Down a little bit.
52:14
Yeah, let me, Let me. Try to talk because I could end
52:16
up going in several different directions here.
52:19
Let me add a quick point of clarity there because it's so
52:22
important and it bears repeating.
52:24
Repetition is sometimes necessary for these facts to
52:27
sink in to the viewer that the Treasury is selling money to the
52:34
Fed for pennies on the dollar, for pennies on the $5.00 bill,
52:37
the 10, the 20 and the $100 bills, the $50.00 bills.
52:41
So the US being so imbecilic about this, the Treasury could
52:46
simply cut the Fed out of the deal and produce the money and
52:49
spend it into circulation. United States notes.
52:52
Lincoln called them greenbacks. That was their name could come
52:56
back again and be much more advantageous and much more just
53:00
and operational and equitable than what we're getting now.
53:04
Federal Reserve notes which are borrowed at interest into
53:09
existence. And so there you go.
53:14
But the federal, you can do it with Federal Reserve Notes, and
53:17
you can don't even call them United States notes, but you
53:20
should to distinguish. But they're selling Federal
53:23
Reserve notes pretending they're part of the federal government
53:26
when they're not part of the federal government.
53:28
And I looked at all these transactions that would explain
53:32
to me, and it's all in exhibits that need to present be
53:35
presented to a federal judge to strike down several parts of
53:39
this act that are clearly and blatantly unconstitutional in
53:43
their face. There should be a moratorium
53:46
against paying any money on the the so-called national debt if
53:49
it's owed to the Federal Reserve banks or any of the member banks
53:53
who got currency. He used this to get free
53:56
currency because they're getting paid twice.
53:58
Why shouldn't we pay them twice? It's enough of a job to pay
54:00
somebody once, but we pay them twice.
54:04
OK. You owe the money.
54:05
You pay them with, you know, bank credit or whatever you're
54:08
paying them with, and then you let them collect interest on it.
54:12
And we, I have absolutely no evidence that they don't even
54:14
collect the whole principle. In other words, this is just a
54:17
bonus, the cash they get to help finance the government when the
54:20
government never needed to print the damn bonds in the 1st place.
54:25
Henry Ford made that simple observation.
54:27
And during the 1930s, if the government can print the bond
54:31
with interest, it can print currency and spend it and pay no
54:34
interest at all. And that's what that's what
54:37
that's what needs to be done. That's the reform that we need.
54:40
Again, I encourage you to go to my website and to download all
54:44
this information. Again, it's labelbooks.com.
54:47
LeBeau, books.com, labelbooks.com, and then you can
54:54
contact me there. There's my e-mail address and
54:56
phone number. Is there?
54:58
Anyway, I want to thank you, Mark Anderson for the time.
55:02
I know it's a little bit confusing when you deal with I
55:06
don't have a teleprompter. And if I talk too fast, too
55:10
long, I do have a problem where my brain freezes up.
55:14
I'm 82 years old, so I don't. I'm not.
55:18
I can't keep going endlessly with a train of thought for say,
55:22
hours and hours again. My mind doesn't work that way.
55:25
I do have to slow down and thought has to be logical.
55:30
I'll begin, I'll begin the departure.
55:32
We'll go on the off ramp now. We've been on the the main
55:34
superhighway here of big money and we're getting on the off
55:39
ramp. But there's one thing in a
55:40
summary that you sent me how much free currency, repeat, how
55:46
much free currency, virtually free, has the Federal Reserve
55:49
obtained in the past 112 years? Your rough estimate was 200
55:55
billion a year, or about $10 trillion.
55:59
In other words, are you saying that for $10 trillion, they've
56:04
spent about 200 billion? Well, I don't know if they spent
56:10
200 billion, It was 200 billion a year in currency.
56:13
The amount they actually spent would have been maybe 1% of that
56:18
10 trillion, but this is over a period of 100 and, and, and 12
56:22
years. So and the 200 billion figure
56:26
doesn't work for because that would be over $20 trillion.
56:30
So I cut it in half. So it's an estimate that they
56:33
got about $10 trillion worth of actual currency.
56:37
And part of the reason is currency wears out.
56:39
So the Federal Reserve pays for the cost of replacing worn out
56:43
currency, a big deal. They get to use all this free
56:47
money. You know, that should have never
56:52
been allowed to happen, but it's been going on for 160 years.
56:55
So. And it's just the Federal
56:56
Reserve Act that goes all the way back to the National Bank
56:59
Act of 1863. I will quote the congressman, if
57:07
I can find that, here on this paper here, what's his name?
57:12
Samuel Chase. I think I have it right over
57:17
here. Here it is.
57:20
Samuel Chase in referring to the National Bank Act of 1863.
57:27
My agency in promoting the passage of the National Bank Act
57:30
was the greatest financial mistake of my life.
57:33
It has built up a monopoly that affects every interest in the
57:37
country. It should be repealed.
57:40
But before that can be accomplished, the people will be
57:43
arrayed on one side and the bankers on the other in a
57:45
contest such we have never before seen in this country.
57:51
And Abraham Lincoln also said after after signing the ACT,
57:57
which he probably didn't read because he trusted his Secretary
58:00
of the Treasury, Salman Salman Chase, he said the money power
58:04
preys upon the nation in times of peace and conspires against
58:09
it in times of adversity. It is more despotic than
58:14
monarchy, more insolent than a tocracy, more selfish than
58:19
bureaucracy. It denounces as public enemies
58:23
all who question its method or throw light upon its crimes.
58:29
Thank you. Very interesting, very
58:31
interesting. Conrad Laboe of Wisconsin,
58:33
thanks for being on this UK column interview, my first of
58:37
2026. And thank you, viewers, for
58:40
tuning in. We'll see you next time on my
58:42
next interview. And thanks again, Conrad, for
58:45
your very important and deeply informative information.
58:49
Thank you very much, Mark. It's been a pleasure.