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