Dear
Friend, Please print this.
“The Order of the
The American Lie and Salvation...”
"The Truth defense…”
“The
government of the
“Where is the outrage? ... If we are moved merely by greed, and there's no longer any respect for decent or honest government, then we will suffer the results.”- Barbara Tuchman, historian and author
“It is the job of thinking people, not to be on the side of the executioners.”- Albert Camus, French writer and thinker, 1913-1960
“Out
of these troubled times, we can see a New World Order coming into view. What is
at stake is more than one small country {meaning the
“The first casualty of war is always truth”- Rudyard Kipling
“Oh
Mortal Man, is there nothing you cannot be made to believe?”- Adam
Weishaupt, Co-Founder of the
“The great masses of people will more easily fall victims to a big lie rather than a small one, especially if it is repeated over and over.”- Adolph Hitler
“Who controls the past controls the
future. Who controls the present controls the past.”- George Orwell
“The
individual is handicapped by coming face to face with a conspiracy so monstrous
[and worldwide] he cannot believe it exists.”- J. Edgar Hoover, Former
President of the
“There are a thousand who are hacking at the branches of evil to one who is striking at the root.”- Henry David Thoreau
“The
state... must see the sword as the main if not only instrument which to keep
its morale high and retain its moral tension. Toward this end it MUST invent
dangers, and to do this it must adopt the method of provocation and revenge...
And above all, let us hope for a new war with the Arab countries so that we may
finally get rid of our troubles and acquire our space.”- Diary of
“
“Let
the Jews, who claim to be the chosen race, prove their title by choosing the
way of non-violence for vindicating their position on earth.”- Mahatma
Ghandi,
“Let us never tolerate outrageous conspiracy theories concerning the attacks of September 11th...”- George W. Bush speaking to the United Nations shortly after.
“When buying and selling are controlled by legislation, the first thing to be bought and sold are legislators”- P.J. O'Rourke
“If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.”- Andrew Jackson, One of The Greatest of US Presidents
“The few who understand the system,
will either be so interested in its profits, or so dependent on its favors that
there will be no opposition from that class, while on the other hand, the great
body of people, mentally incapable of comprehending the tremendous
advantages...will bear its burden without complaint, and perhaps without
suspecting that the system is inimical to their best interests.”- Rothschild
Brothers of
“You will be a great leader who will bring Order out of chaos.”- Newt Gingrich's horoscope as printed into Fortune Magazine, One of the most duplicitous of US Senators.
“Mother, do you think they'll drop the bomb? Mother do you think they will like this song? Mother do you think they will try to break my balls... Mother, should I build a wall? Mother, should I run for president? Mother should I trust the government... Mother, will they put me in the firing line?”- Pink Floyd, “Mother”
“When the People Lead: When the People Lead, the Leaders they will have to follow; and all their lies and their alibis, they will have to swallow. And you... you... you... that has the authority... for the one who is right is the MAJORITY! Yes, when the People Lead, People take the Lead... Children you got to take your lead or you shall be led astray. So as long as someone else controls your history; the truth shall remain just a mystery. You can lead a horse to the water; but you cannot make it drink; you can put a man through school; but you cannot make him think... When the People take the lead, People take the lead... Children, you have to take the lead or you shall be led astray... Watch them try to hide this World's imposition; like a disease that has come back from remission. And when it seems as if it has left your person, All the while it has only worsened... When the People Lead... People take the Lead, People take the Lead, Take Your lead People take the Lead, People take the Lead... Children, you got to take your lead or you shall be led astray... they'll try... don't let them lead you astray! Don't let them lead you! Take Your Lead!”- 'Take your lead!’ Ben Harper, Album: Fight for Your Mind...
“Knowledge makes a man unfit to be a slave.”- Frederick Douglass
“Corporations have been enthroned
.... An era of corruption in high places will follow and the money power will
endeavor to prolong its reign by working on the prejudices of the people...
until wealth is aggregated in a few hands ... and the Republic is destroyed.”-
Abraham Lincoln, American president, 1861-1865
“I am a firm believer in the people.
If given the truth, they can be depended upon to meet any national crisis. The
great point is to bring them the real facts.”- Abraham Lincoln, American
president, 1861-1865
This is the
story of the Beast and the Lamb. Money has forever been the root of all evil.
Money vultures have perpetually tore apart and eaten at the flesh of
generations in our history in what we have come to know simply as WAR. We must
All educate Ourselves to agree that war has been and is only a tool
of the bankers today. Who other has more lust for money and power than an
international banker?
One man Thanks You for visiting this part of the world wide
web. You will likely have a fascinating experience here; for here many truths
will be revealed and perhaps many questions answered for you about the long and
true history of events that have led up to the tragedy of September
11th, 2001 and beyond.
To the Middle-Class
of America: The citizens of the United States of America must be the first
world-wide to become aware of and learn this information as the American
middle-class is the first target of the New World Order. The coming
depression is meant to wipe-out the stock portfolios, jobs, savings, general
wealth, and futures of the average American middle-class citizen; for the
middle-classes would otherwise be the only eventual resistance to global
government tyranny.
The time is upon us, and we have been long foretold:
“I
have heard much of the nefarious and dangerous plan and doctrines of the
Illuminati. It was not my intention to doubt the doctrines of the Illuminati
and the principles of Jacobinism had not spread in the
“Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. Our minds are molded... largely by men we have never heard of.”- Walter Bernais, Quoted from his book Propaganda
“I claim... the existence of a conspiracy for the destruction of the Western world as the prelude for sheparding mankind into a sheep's pen as the prelude to a One World Tyranny.”- A.K. Chesterton, Quoted from his book The New Unhappy Lords
Unlike other
information sources - especially the mass media, you soon will be able to
understand and realize possibly for the first time that the entire World
is now being controlled like one big privately managed corporation
completely monopolized by a roundtable of secretive and shadowy international
banking kingpins, a consolidated set of little-known filthy-rich
power-thirsty financially-connected world-governing plutocrats,
in this era. There is only one thing the elite hold highly in this world, and
that is to keep acquiring money and more money, power and more power. All the
rest is meaningless to them. Visualize 13 of the world's most powerful men
meeting in one private conference room to discuss the fate of all the world's
people. These men are conspiring together to cause great and perpetual harm to
all the many masses of people world-wide, for the further benefit of the rich,
that they have been deceptively ruling over us for many decades. The long trail
of evidence of this conspiracy is contained in Chapter 2 of this book.
“There exists a shadowy Government
with its own Air Force, its own Navy, its own fundraising mechanism, and the
ability to pursue its own ideas of national interest, free from all checks and
balances, and free from the law itself.”- Senator Daniel K. Inouye - Iran
Contra Hearings
Like
Wizards of Oz, they have been
enjoying hiding their existence, their scams, all the previous presidential assassinations,
and their other malicious crimes against humanity behind the mass televised
propaganda of their controlled set of compromised national news reporters and
paid-off political conspirators: the president, the administration, all of
congress, the CIA, and all the rest.
“It isn't only Gestapo maniacs who do inhuman things to people. We [the CIA] are
responsible for doing inhuman things on a massive scale to people all over the
world.”- John Stockwell, former CIA official
“...the CIA had been running thousands of operations over
the years... there have been about 3,000 major covert operations and over
10,000 minor operations... all designed to disrupt, destabilize, or modify the
activities of other countries... But they are all illegal and they all disrupt
the normal functioning, often the democratic functioning, of other societies.
They raise serious questions about the moral responsibility of the United
States in the international society of nations.”- John Stockwell, former CIA
official and author
“We are potentially the most dangerous agency in the
country.”- FBI Director Louis Freeh, to the House Judiciary Subcommittee on
Crime, 1997
"Short, successful military adventures are as
effective as the Super Bowl in diverting people's attention from unpleasant
truths”- John Stockwell, former CIA official
“It is the function of the CIA to keep the world unstable,
and to propagandize and teach the American people to hate, so we will let the
Establishment spend any amount of money on arms.”- John Stockwell, former
CIA official and author
“...the CIA has overthrown functioning democracies in over
20 countries.”- John Stockwell, former CIA official and author
“...the United States [is] cast in the role of Praetorian
Guard, protecting the interests of the global financial order against fractious
elements in the Third World.”- John Stockwell, former CIA official and
author
“If a baseball player slides into home plate and, right
before the umpire rules if he is safe or out, the player says to the
umpire-"Here is $1,000”What would we call that? We would call that a
bribe. If a lawyer was arguing a case before a judge and said, “Your honor
before you decide on the guilt or innocence of my client, here is $1,000.” What
would we call that? We would call that a bribe. But if an industry lobbyist
walks into the office of a key legislator and hands her or him a check for
$1,000, we call that a campaign contribution. We should call it a bribe.”-
Janice Fine, Dollars and Sense magazine, July / August 2000, p21
Shocking to face? Hell Yes... This, of course, has all been
developing and worsening over many decades and has become
increasingly rotten at the core. Between these international bankers and their
political conspirators they refer to their global conspiracy, their unfolding
plans for a privately managed and corrupt financial dictatorship masked behind
the facade of a one world government such as the United Nations, as the “New
World Order". Footnote: This author hopes the People of the World will soon
rise and the global conspiracy, once fully exposed, may even generally then be
known as the Old World 'Odor'.
“Any
dictator would admire the uniformity and obedience of the (U.S) media.”- Noam Chomsky, Political Educator, Author
Secondly, you
may then be shocked to discover that international terrorism is being
used, in actuality, as pre-meditated executive policy of the global ”New World
Order” ruling elite. All the rest, that you have been presented, is merely
theatre to control the reactions of the masses to further their controlling
interests.
“We
are on the verge of a global transformation. All we need is the right major
crisis and the nations will accept the New World Order.”- David Rockefeller
(Stated before September 11th, 2001), Former Chairman of Chase-Manhattan Bank
and Conspiring Master Globalist
This is one
big problem for those of us, perhaps all of us, who believe in FREEDOM.
The author and
many others outspoken world-wide beg you to think personally about this
problem, understand how it will directly affect you and the lives of your
children if left unresolved, and realize what the only solution is:
widespread awareness of how the world and its people have been deceived
and have been subsequently controlled. World Wars have been the
result in the past. Freedom never was free - or, unfortunately,
earned. It is time for every person of all languages alive today to become
aware of this conspiracy involving the world's filthiest-rich and powerful men
hiding behind national governments who wish to sculpt the world and its entire
economy into their own completely selfish design. In retrospect, no major event
in our world history has happened by chance or accident.
As this
tyrannical supra-national government and perhaps George W. Bush expresses best
and better today than what George H. Orwell attempted to warn of us when he
wrote into his novel”1984”:
PEACE IS WAR
FREEDOM IS SLAVERY
STRENGTH IS IGNORANCE
Presenting a book
for All of the World's People:
Back Cover Statement:
“The Order Of The
New World: The American Lie & Salvation...”
A factual review of history, the banking
intrigue/control behind our history, the true story that We all need to
immediately realize world-wide, and what We All must accomplish together to
avoid a global tyranny. It is called “The New World Order.” The American middle-class and all middle and
lower class individuals of other nations must come to understand the true
story that us upon Us; for We The People are the targets of the next
economic war. In lay-man's terms understandable by All: the rich a**holes of
the world have been working closely together to help further economically and
militarily enslave the many remaining billions of People worldwide during this
first decade of the new millennium.
The message is now clear for the common person
worldwide including America's middle and lower classes; unmistakable proof
of a worldwide international banking conspiracy now holding all the nations of
the world tightly in its grips, including the United States of America. It
has developed complete economic and political control over your national
government as it controls the United States of America.
By simply passing all your neighbors a floppy disk
with this composition on it, or a print-out or any sort of copy, We will be
able to together overcome being ruled by the corrupt interests of the
international banking elite. The author and the one that forwarded this book to
you begs you to take the next two hours to read and understand how We have all
been deceived and are being incrementally enslaved into a World Banking
Dictatorship. Chapter 2 unravels in detail the long held private banking
conspiracy in a way that All of Us can easily understand.
People of the World, many of us are warning you of an
extreme danger - as many others have attempted in the past - that there is
indeed a supra-national world government that has already developed above all
Our heads. If the People of the World continue to grant authority to this
corrupt system of control, the World Court may ultimately decide, on a mass or
individual basis, if each of Us will live or be put to death before one would
enter their “New World Order” global dictatorship. There is nothing of greater
value to Our World than the Truth... The Author Thanks You For Your
Understanding. MGB!
“The Order Of
The New World: The American Lie & Salvation...”
A
Time-Critical Re-Evolution in World Thinking...
The Single Goal
of This Book is Truth.
It Is Time For
The World Conscience To Stop Thinking and Distracting Themselves So Much About Politics. It Is Time To Think More Onto Economics. The largest problem is with
the completely privatized banking system worldwide today. Your own individual
and personal economic future is certainly at stake as the international
banking system that is now in control above all governments is
intent on owning and controlling All of Earth.
“No
matter what political reasons are given for war, the underlying reason is
always ECONOMIC.”- A.J. Taylor, British Historian
We, The People of the World, must be warned of a secretive
and corrupt World Government that has
already formed above Our heads.
The “beast” has
not come out of its nest just yet, but many know it is already there preparing
to be unleashed.
{Author's note: so get ready. fasten your seatbelts wherever
you are. This information is likely going to be as shocking as it is amazing
whenever you rethink of it forever more. In fact, it is the author's hope is
that you will never cease to think about it and inform thousands of others as
well as soon as you can.}
Short intro:
The elite
banking class of the world who own
and control the privately held international banks of the
world, who have already
groomed Your government for their selfish purposes, and who own and direct Your
global mass media, Your nation-wide television
networks, believe they own all
of Earth; and they actually think they own you. Yes, you! All of You!
(much like how a few cowboys would view
the cattle out in the fields. in this way they have everybody penned off into
different “cattle bins “like one a gigantic global dairy plantation. however
disconcerting this may appear, this analogy provides the proper scope and
dimension. )
“The major media are large
corporations, owned by and interlinked with even larger conglomerates. Like
other corporations, they sell a product to a market. The market is advertisers
- that is, other businesses. The product is audiences, [and] for the elite
media, [they're] relatively privileged audiences. So we have major corporations
selling fairly wealthy and privileged audiences to other businesses. Not
surprisingly, the picture of the world presented reflects the narrow and biased
interests and values of the sellers, the buyers and the product.”- Noam
Chomsky (from Take the Rich Off Welfare - Odonian Press, p133)
There exist secretive
financially elite individuals of international banking fortunes who are as powerful as they are secretive.
This class of people wish to dominate the entire world through the
creation of a one world government of their design, naturally a strongly
corrupt one. The individuals are real human beings, just like you.
“War is caused by elites acting in
what they take to be their own interests, institutional violence promulgated by
ruling groups for personal gain.”- The Nation magazine, May 15, 2000, p20
“Terrorism has become a sort of
screen created since the end of the Cold War by policymakers in Washington ...
It is fabricated to keep the population afraid and insecure, and to justify
what the United States wishes to do globally.”- Edward Said, Palestinian
activist and author, International Socialist Review, Aug/Sep 2001, p30
They think All
of you are immensely stupid (again,
not the author - them!) because they
have been mind controlling You, the masses, for decades as they have covered
up major issues like presidential assassinations; again, for all too
many decades! Likewise, today's
politicians have also grown ever increasingly arrogant to the public.
“War is the biggest business in
America.”- Jim Garrison, New Orleans District Attorney, prosecutor in the
1967 JFK assassination conspiracy trial - from his jury summation in the Oliver
Stone movie JFK
"War is the public agenda for
the hidden desires of a private elite”- Bodazey
What it has
absolutely amounted to in the year 2004 is worldwide governmental tyranny! You have become
their direct personal enemy and You, The People, are being periodically
attacked through terrorism; intentionally blind sighted in each instance.
“There is a systematic plan to use the concepts of war to
rearrange the chess pieces on the world playing board. It has to do with the
New World Order, Globalism, and the attack on national sovereignty that we are
seeing. Occasionally, the globalists who want One World Government have turned
to war to accelerate things.”- Joel Skousen
Your government
is likely not of the People; instead they conspire together toward what they
see as only an inevitability - a one world government run by a small
roundtable of the world's most corrupt one or two dozen men, an elite
society of international bankers - or in fancier terms: 'an imperial
financial plutocracy'.
These are
shadowy men who own and control the largest banks in the world, including the Federal Reserve. Yes, the Federal
Reserve is a private bank. And the reality is: the elite are more powerful than
the entire Congress and the Executive branches of the United States government
put together because they control Our money supply and pull the strings
of the entire economic system of the world.
And they do a
poor job. They control whether the stock market goes Up or Down and they
know how to profit the most from this corrupt ability. Likewise, the
international banking elite have long groomed the American presidents for their
selfish purposes.
It is worth worldwide belief because it is “truth.” The truth needs no laws to enforce
it.
“The real advantage which truth has,
consists in this, that when an opinion is true, it may be extinguished once,
twice, or many times, but in the course of ages there will generally be found
persons to rediscover it, until some one of its reappearances falls on a time
when from favorable circumstances it escapes persecution until it has made such
head as to withstand all subsequent attempts to suppress it.”- John Stuart
Mill, On Liberty (1859)
However, when
the murderous “New World Order” is fully exposed worldwide to all The People
for what it is: an international gang of faceless money vultures, propaganda
artists, and masters of terror, the international banking elite of
the world and all that they control - all secretly working together,
there will be a great RELIEF experienced
in the world.
For when We The
People rise up to have their corrupt private money system dissolved, all debts
as well will be washed away for All. Private banking corporations will no
longer seize upon the world. You will live debt-free. You will retain all
of what You have. Perhaps most importantly, you will have more time to spend
with your family as you will have to labor less.
“The President, Vice-President, and
all civil officers of the United States, shall be removed from office on
impeachment for, and conviction of, treason, bribery, or other high crimes and
misdemeanors.”- Constitution of the United States
The first law of
the Free World to come, past governmental tyranny, will be of God's Law. God is
against private banks lending money to governments at long-term interest. God
is against All His People being enslaved into debt. His Son Jesus kicked over
the booths of the money-changers in the temple of ancient Jerusalem. In the
Spirit of Christ, We must All do this once again for Ourselves world-wide as
what Jesus did for those who visited the temple 2000 years ago and those things
He taught All of Us.
“I wonder when the lies will stop
and truth begin, even as grim as the truth may be. And then I remember that for
70 years, the reign of terror in Russia called itself “the people's
government.” We have so far to fall, yet we are falling fast and Hell yawns to
receive us.”- Jim McMichael, Writer
The era of
privately held ownership over the world's central banking system, the privately
managed ownership of the general worldwide mass media, and the assumed
ownership of The People in general by the faceless financial elite will finally
come to end.
“We are the tools and vassals of
rich men behind the scenes. We are the jumping jacks, they pull the strings and
we dance. Our talents, our possibilities and our lives are all the property of
other men. We are intellectual prostitutes.”- John Swinton - New York Times
- New York Press Club
“A people that wants to be free must
arm itself with a free press”- George Seldes, journalist
“In the First Amendment, the
Founding Fathers gave the free press the protection it must have to fulfil its
essential role in our democracy. The press was to serve the governed, not the
governors. The Government's power to censor the press was abolished so that the
press would remain forever free to censure the Government. The press was
protected so that it could bare the secrets of government and inform the
people. Only a free and unrestrained press can effectively expose deception in
government. And paramount among the responsibilities of a free press is the
duty to prevent any part of the government from deceiving the people and
sending them off to distant lands to die of foreign fevers and foreign shot and
shell.”- Justice Black NYT v. US 403 US 713, 1890
Those famous
faces on the national television 'news'
in all Your nations who may have appeared proper and legitimate to you
yesterday will in the future look to you like a once existing ring of paid
liars and propaganda spinners.
“The news and truth are not the same thing.”- Walter
Lippmann
“Our job is to give people not what they want, but what we
decide they ought to have.”- Richard Salant
“News is what someone wants to suppress. Everything else is
advertising.”- Rubin Frank, former president of NBC news.
“We tell the people not what they need to know, we tell
them what they want to know.”- Frank Sesno, CNN News
“The press ... traditionally sides
with authority and the establishment.”- Sam Donaldson, ABC correspondent
“Whoever controls the media,
controls the peoples' minds.”- Author unknown
“... the media serve the interests
of state and corporate power, which are closely interlinked, framing their
reporting and analysis in a manner supportive of established privilege and
limiting debate and discussion accordingly.”- Noam Chomsky
“... the media in the United States
effectively represents the interests of corporate America, and ... the media
elite are the watchdogs of what constitutes acceptable ideological messages,
the parameters of news and information content, and the general use of media
resources.”- Peter Phillips, Project Censored, 1998
“The modern susceptibility to
conformity and obedience to authority indicates that the truth endorsed by
authority is likely to be accepted as such by a majority of people, who are
innately obedient to authority. This obedience-truth will then become a
consensus truth accepted by many individuals unable to stand alone against the
majority. In this way, the truth promulgated by the propaganda system-however
irrational-stands a good chance of becoming the consensus, and may come to seem
self-evident common sense.”- Edwards, David Burning All Illusions, p203
“Such as it is, the press has become
the greatest power within the Western World, more powerful than the
legislature, the executive and judiciary. One would like to ask: by whom has it
been elected, and to whom is it responsible?”- Alexander Solzhenitsyn
“There is no news in the truth and
no truth in the news.”- Russian saying (Russia has two well known
“newspapers": Pravda and Izvestia. Pravda means “truth” and Izvestia means
“news”)
“I have the greatest admiration for
your propaganda. Propaganda in the West is carried out by experts who have had
the best training in the world -- in the field of advertising -- and have
mastered the techniques with exceptional proficiency ... Yours are subtle and
persuasive; ours are crude and obvious ... I think that the fundamental
difference between our worlds, with respect to propaganda, is quite simple. You
tend to believe yours ... and we tend to disbelieve ours.”- a Soviet
correspondent based five years in the U.S.
“Newspapers are unable, seemingly,
to discriminate between a bicycle accident and the collapse of civilization.”-
George Bernard Shaw, Irish playwright and critic, 1856-1950
The media faces
have been lying to You endlessly about how the world is controlled financially,
they are omitting any mention of the New World Order itself, and they have been
covering up the dirty tricks and massive crimes of all the staged terrorism for
the interests of the elite as well.
In fact the elite
have been so crafty throughout history, all United States presidential
assassinations have been covered-up up in this manner of control. Yes, Abraham
Lincoln through John F. Kennedy were indeed assassinated by the Old World
Order.
Of course the ruling
class is now referred to as the New World Order. (Be careful not to be
confused about the meaning of the word “Order” however. It does not mean 'neat'
or 'orderly'. Rather, an Order in this meaning is a society of rule.
Remember, George W. Bush and his father belong to the “Order” of the Skull & Bones. Prince Phillip of
England belongs to the highly secretive “Order of the Garter”; notably this is
the same individual who once stated in earshot of one European journalist that
he wished he could “reincarnate as a deadly virus” to solve the overpopulation
concern. )
They have
influence over everything that is presented to You. They have profited
immensely from ”inventing” paper money and electronic credits and
the corrupt private banking systems they have constructed worldwide.
They are the Masters of Monopoly.
“The U.S. public is depoliticized,
poorly informed on foreign affairs ... and strongly patriotic in the face of a
struggle with”another Hitler". Even though the public is normally averse
to war, even with modest propaganda efforts ... the public can be quickly
transformed into enthusiastic supporters of war.”- Edward S. Herman,
economist, author, and US media and foreign policy critic, Z magazine June,
1999
The elite
financial plutocrats believe they can and do *buy* anything, even
seemingly invaluable things: the integrity of national news
reporters worldwide, historical omissions of their treachery in
developing and fostering world wars, people's minds, and people's
souls.
“The more individuals capable of
watching the world theater calmly and critically, the less danger of monumental
mass stupidities - first of all, wars.”- Hermann Hesse: Author (1877-1962)
“Sports plays a societal role in
engendering jingoist and chauvinist attitudes. They're designed to organize a
community to be committed to their gladiators.”- Noam Chomsky (The
Progressive magazine, September 1999, p34)
“We now live in a state of permanent
war - a global arms industry, apparently the largest single international
business, must have its products used up so more can be sold. There must be
profits for the capitalists and jobs for the proles... Are we not still in
Caligula's Rome?”- David Watson, New Internationalist magazine, May 2000,
p35
It
is easy to forecast that the international elite inevitably will be ill-fated
with their highly developed plans for an intensely corrupt world government.
Simply ask yourself: How much would you sell your soul for? They want to know. They own the
system. They want to give you a mark, a world-id number. What
is actually the true cost? Please
take time to think about it.
Now they are
thinking about how to kill more of You prior to their final plans for total
domination of You; of who would be allowed to survive! In fact, Billions of You! Again that is You if you are not sitting
on the other side of the fence where international elite gather to
discuss the fate of the world, groom the many national governments
and plan to further enslave The People of the Whole Entire World under
their corrupt systems of power and influence. A much smaller world-wide
population would be easier for them to ultimately fully enslave and control.
They know this well. They already possess the biological technology to inflict
many plagues upon humanity during the next staged world war.
The price of
admission to a world of Goodness and Truth is tapping the good spirit that can
flow through you and helping make sure there isn't any other soul around world-wide,
no matter what language they speak, who doesn't know of and acknowledge these
modern-day truths, the system and methods of governing control enforced today,
as We Together find the true path to peace.
Please Learn to
Love your neighbor more and connect through the truth that God lays before All
of Us now; and for always...
“If the
American people ever allow private banks to control the issue of their
currency, first by inflation, then by deflation, the banks and the corporations
which grow up around them will deprive the people of all property until their
children wake up homeless on the continent their fathers conquered.”- Thomas
Jefferson, Founding President of the United States
“Whoever
controls the volume of money in any country is absolute master of all industry
and commerce. And when you realize that the entire system is very easily
controlled, one way or another, by a few powerful men at the top, you will not
have to be told how periods of inflation and depression originate.”- President
James Garfield (assassinated by the international banking elite three weeks
after this statement was made, on July 2nd, 1881.)
Forward:
There is an
urgent and important message to get out to All the People of the World, not
just those who speak and read English, but of all languages; for anyone who can
read or listen and understand - for anyone that is a believer in freedom. This internet book has been assembled to alert and help
better inform the world public of the long history and present danger of what
is referred to as the 'New World Order'.
Worldwide public
knowledge of the New World Order is imperative; for it desires to be a World
Government over All The World's People.
“Government is the great fiction, through which everybody
endeavors to live at the expense of everybody else. - Frederic Bastiat,
French Economist (1801-1850)
“In general, the art of government consists in taking as
much money as possible from one party of the citizens to give to the other.”-Voltaire
(1764)
This book was
written to be shared by All at large through the internet for the lasting
benefit of All the World's People. The information contained in this book is priceless
knowledge for All.
This is the
all-revealing true story behind the
history of the world; detailing a powerful yet shadowy and faceless elite
class of international bankers who have helped set the stage for two World
Wars already - in order to generate tremendous profit for their themselves and
their banking institutions. In the big picture of all history and wars, the
victors have always been the banks and the losers have always been the nations
the international banks have lent money to, at considerable interest, in
order to fight these wars - often both sides. The interest the international banks have made over
scores of decades on the many outstanding and seemingly perpetual worldwide
national debts is exceedingly enormous.
Modern day
private world banking conspirators have been planning to bring about a Third World War for their additional
benefit in the first decade of this new millennium. The planned result of a
Third World War is the destruction of the Republic of the United States of
America, her people and their liberties; in the overall international banking agenda
to create a One World Government, now commonly referred to as The New World
Order.
To have the vast
power to create wars, the wealthiest families throughout history who have owned
and operated the private world central banking system have long-ago established
control over the United States government and most other nations through their
world banking system. They also are also the largest owners of America's
corporate mass media: cable television networks, newspapers, magazines, and
other periodicals - and they have been the master 'editors in chief' since at least the 1960s.
“The Wall Street Journal is read by the people who run the
country. The New York Times is read by people who think they run the country.
The Washington Post is read by people who think they ought to run the country.
USA Today is read by people who think they ought to run the country but don't
understand the Washington Post. The Los Angeles Times is read by people who
wouldn't mind running the country if they could spare the time. The Boston
Globe is read by people whose parents used to run the country.”- The Nation
magazine
The media has been lying to the world on a variety of
issues for more than five decades. Incredibly, that is how the elite
international bankers have been able to cover up their deceptive financial
tricks on the rest of the world and their many other crimes of the past.
The New World
Order is a supra-national world government and global police state engineered
from the top down by international banking elite who head the incredibly
corrupt private banking system that is now ruling the entire World; all by
incrementally depleting the economies
and nations of the world and subsequently fully compromising each government - ultimately enslaving all
its people into their debased financial system of control.
The
international banks have already established absolute control over most
national economies; they decide whether entire nations will prosper or sink
into ever more debt to their privately owned international world banking
system. The IMF, World Bank, and BIS are the three arms of the privately owned and managed world
banking system.
“When the IMF and the World Bank
force a country to cut wages, lay off workers, produce for export instead of
their own people, and sell off public property to cronies for less than its
value, that's called “economic reform.”- Robert Naiman, Toward Freedom
magazine, November 1999, p2
“... the United States has given
frequent and enthusiastic support to the overthrow of democracy in favor of
“investor friendly” regimes. The World Bank, IMF, and private banks have
consistently lavished huge sums on terror regimes, following their displacement
of democratic governments, and a number of quantitative studies have shown a
systematic positive relationship between U.S. and IMF / World Bank aid to
countries and their violations of human rights.”- Edward S. Herman,
economist and media analyst
Through the
immense power wielded by the individuals who own and manage the world's private
banking system the 'New World Order' practices modern-day policies of
warfare and international terrorism, such as September 11th, 2001, upon the
entire World. They do this
to provoke War. Wars sink nations into extreme debt while producing the
greatest profits for the international bankers.
The magnitude
and dire importance of this message at the current time must be realized at all
cost by the majority of the People of the World. The secretive rule of the
shadowy international bankers over the entirety of the world must eventually
and finally come to an end.
If and when
another large-scale act of terror hits America or another region, the faceless international
bankers will be behind it although hidden from the public eye protected by
their lying puppet politicians; as the elite have been behind every large
terror attack in America and elsewhere in the previous decades.
Unfortunately, this is the truth we have been faced with. The nationally
televised “news” can no longer be trusted. A more detailed understanding of
how they have amassed such power is contained in Chapter 2.
You can help by
informing your neighbors of this;
perhaps by giving a copy of this composition to them on a floppy disk or via an
email attachment or a hardcopy printout. There is no copyright on the
information in this book. It is too valuable to copyright, for it is
the”Truth”we must all face together. We have all been deceived generation after
generation by the shadowy elite international banking system. It is time for
All of Us worldwide to recognize this.
There have been
many other recent books and films made on this topic. The intent of this book
is to reach as many people worldwide with the truth through the cooperation of
each and every fellow man and woman around the world; at least all those
reachable through the internet.
A continued
widespread ignorance, disbelief, or stubborn denial about the New World Order
will assuredly only lead to more global tyranny, increased staged terrorism,
and a third World War; where billions would possibly perish at the wishes of
these monstrous men who would control the outcome of the global war from
secretive roundtables. Widespread awareness of the New World Order system
will only help preserve the prospect for freedom
of All the
World's People.
Please do take
the time to understand the message expressed in this internet book is indeed
true and only composed of historical fact. There is no intent to deceive here.
Reading and fully understanding this message may only take a few hours for each
of us; however it may amount to much more than that for each of us and our
families in the end.
Then please
leave no friend or family member without the realization of exactly what type
of system All the People of the World are being more and more enslaved into. We
must overcome through general awareness. We need to understand who the real
masters of terror are and understand their agenda so it can be prevented in
a short amount of time. The elite conspirators have been very crafty in setting
the stage for this over many decades. However We, The People, shall not fail.
Each of us
individually will likely be amazed, even shocked into disbelief, at the
realization of the New World Order once all the smokescreens, deceptions, and
puppet politicians have been removed from view. The truth will become clear to
all. Thank you for helping educate your neighbors, family, and friends about
the clear and present danger of the New World Order and the terrorism they have been
using like a tool to bring about their conspiratorial plan for a corrupt one
world government.
“Government is the great fiction,
through which everybody endeavors to live at the expense of everybody else.”-
Frederic Bastiat, French Economist (1801-1850)
“In general, the art of government
consists in taking as much money as possible from one party of the citizens to
give to the other”-Voltaire (1764)
The ultimate solution is a
worldwide awareness and subsequent peaceful banking system reform worldwide; also outlined in this book in Chapter 3. This will be followed
by unleashing to the public at large the many recent technological
breakthroughs in energy, transportation, and medical science now being actively
being bought-up or covered-up by the New World Order conspirators. ( please
see: blacklightpower.com ) Overthrowing their rule will make the world a
more prosperous, abundant, and happier place for People of the World.
This book will describe the
unmistakably convincing details in a way that everyone can understand. If over
half the adults in this world take one day out to read and consider the factual
information, the knowledge, and the essential wisdom contained in this book, or
at least understand its fundamental message - the world will then begin to
become a happier and more prosperous, not an ever more frightening, place to
live for us All.
The truth is more interesting,
engaging, and valuable than any work of fiction or science fiction. It is Divine and it is extraordinary. Please
help spread the message as if your own house was on fire. Thanks be to you as
well.
Chapter 1 -
The”New World Order"; the 'Old World Order' with a New Name.
Most of the
People of the World have known for several years, some for even decades, of the
international”New World Order”banking and Wall Street conspiracy to dominate
the entire world. There have been many others in recent history who have
valiantly attempted to warn the World's People of the New World Order in its
many facets and opened conspiracies, of the real terrorists of society -
through many books, films, access television reporting, and world-wide
short-wave radio broadcasts. This book is a composition of all such knowledge.
Power from any
source tends to create an appetite for additional power. It was almost
inevitable that the super-rich would one day aspire to not only control their
own wealth, but the wealth of the whole world.
To achieve this,
the super-rich elite of this era for many decades have been perfectly willing
to feed the ambitions of thousands of power-hungry political conspirators in
congress (with plenty of money) who have been currently installed in our
governments, our universities, and our nationally televised media. In exchange
for money, power, and other political favors they have been committed to the
overthrow of all existing governments and national borders with the
establishment of a central world-wide banking dictatorship.
The congress of
the United States government has been completely compromised and paid-off for this government to be able
to sponsor terrorism against its own people and have an entirely different set
of make-believe, and also paid-off, enemies blamed through the mass media. In this war on terrorism, principally dark skinned
Islamic or Muslim People of the Eastern hemisphere have been blamed. The War
on Terrorism has been entirely staged for these purposes.
A big part of
the end-game plan is for America to be blamed by the rest of world for their
overt military aggressions and on the other hand the United Nations is to be
made as if it smelt like a rose - despite the UN's fundamentally covert
deceptions and previous acts of genocide. (example: Rwanda 1996)
How did this all come to be?
Article 1 of the
American constitution gave congress the power to govern the national currency
of the United States of America.
However, the Federal Reserve is a private international bank! A privately
managed 'treasury department' was not intended to be a part of the constitutional
government. This has developed over scores of decades into an enormous
problem for those who wish to see freedom live on.
It is as if the
congress now handed the power to create our national money over to the board of
Federal Express, another privately
owned corporation. The board of the new “Fed” would quickly grow insanely rich
and powerful and perhaps they too would want to set up a world dictatorship in
collusion with the other corrupt private national central banking monopolies
currently existing in Europe and Asia: all tied together with the Bank of
International Settlements (BIS), the World Bank, the International Monetary
Fund (IMF), and the United Nations (UN). {Keep in mind, much of the funding of
the United Nations comes through the Federal Reserve board and their subsidiary
banks. The UN has not fully installed their system of global taxation as of
yet. (In Hollywood movie lingo: 'The Death Star is not yet operational, Master.
We need just a bit more time. ') }
In short, quite
simply, and practically speaking, the international bankers believe they own
the Earth in this current era. They believe they are seemingly untouchable
by the many billions of other People on this planet because they practice their
financial rule through deception. The proof of this monstrous conspiracy is
written into Chapter 2 of this book.
Footnote: The author
recommends jumping straight to Chapter 2 at this time.
The domestic and
international owners of Federal Reserve have been leeching trillions of dollars
off America's free-market economy for over 90 years. They have even been
involved with 'funding', that is, 'debt-enslaving-as-well', our wartime
enemies, such as Adolph Hitler's reign, in the two World Wars so far. As
you will find out they are also funding Osama's reign of 'stage managed' terror
today.
Apparently to
the corrupt American government and CIA, Osama Bin Laden is pretty tricky
person to even interview - much less lock-up. There is not a trace of public
dialogue being pursued by either terror-puppet Osama Bin Laden or this lying
American government to each other. However it is in private where they are
handed their individual scripts by their international banking masters, through
the CIA, in order to continuously work together and complete the New World
Order goals.
“I would have never agreed to the formulation of the
Central Intelligence Agency (CIA) back in 1947, if I had known it would become
the American Gestapo.”- Harry S Truman, (1961), Former United States President
They are
conspiring rapidly after September 11th, 2001 because they are afraid. They
are afraid of the possibility of the People of this world wising-up and
waking-up in droves to this global plot. They are afraid they might lose
their privileged power over us if they do not succeed in fully enslaving the
rest of Us unto them without any more delay than is necessary. These deceitful
souls have all become accomplices in mass murder. Those involved are the
collective murdering masterminds of terrorism upon humanity today.
To the six
billion People of the World: We must overcome the current system of private
central and world central banking or many billions of innocent people living
today without this knowledge or concern could possibly be systematically murdered
by a handful of wickedly depraved men at the top; most likely through
biological warfare that would blamed on puppet 'terrorists'. By definition,
such conspiracies involve all those who would still choose to serve the
extremely compromised, corrupt, and thereby illegitimate government out of
Washington DC. Together We all certainly face a challenge today that is as
deniable as it is daunting.
However, there
is a peaceful and practical solution to the treachery of the world
banking system that is without bloodshed, famine, or war in its formula. It is
for all intents and purposes an economic solution, a combined set of
many such necessary and parallel solutions world-wide. As the People of the
World overcome the bankers together - the entire world will prosper like never
before. This proposed solution is outlined in Chapter 3 of this book. The cost
of changing the corrupt private world banking system into a beneficial system
will simply amount to be the collective will of the People worldwide.
We, the People
of the entire World, must lovingly throw the international and
national bankers off and take the reins of our national governments and
currencies back into Our own hands again. There is no other workable
solution to ending their rule. It is the entire world-wide banking
system that is corrupt, not just the current people currently controlling it.
Everybody must realize this.
The People of
each nation need to rise up and force government and national banking
legislative reform. In other words, if you are a country with a privately owned
banking system controlling your entire national economy, you need unleash its
shackles and throw it off, for the sake your people and of the rest of mankind. All national debts to private and foreign institutions
should be graciously forfeited back to them.
The
international bankers do not deserve to own the Earth; for they have corrupted
souls. All the rest of
the People of the Earth should take priority. There will be a new beginning for
Us; with Our world history no longer being actively adulterated and forced into
global wars by the corrupt interests of the international bankers!
(insert pic of
pyramid symbol on back of the dollar bill )
We must
arduously remove the power of their ownership of national and global
currencies, their power of ownership of the entire mass media: national cable
networks, newspapers and magazines; eventually flipping their symbolic pyramid
of power on its head worldwide.
Then, We, as a People, must erect a level playing field for the lasting benefit
of and freedom of All. Wealth will be redistributed. Power and influence will
finally be decentralized and restored evenly to the People.
It is possible -
even if they choose to slander, kidnap, drug, poison, torture, or murder the
author of this book and others first - as they have previously done to others
in the past. And if they choose to do that, let this book be the legacy of this
author and may that only help spread the message.
“Terrorists
don't deserve the same guarantees and safeguards that would be used for an
American citizen going through the normal judicial process.”- Dick Cheney
The first step
in the inevitable solution is already outlined in this book. And if We choose
to do it - they cannot stop Us!
Collectively, We can effectively crush their rule over Us; perhaps with
each and all of Us individually playing our role with malice to none and
only charity to all. Possibly the soldiers in the militaries around the
world will agree with the solution after they realize the truth and unload
their many weapons, take no further orders, rid themselves of any desire
to kill their worldly brothers, and simply go back home to support and
protect their wives and their families. This is a big part of a loving solution.
“I was nineteen years old, and I'd always been told to do
what the grown-ups told me to do.... But now I tell my sons, if the government
calls, ... to use their own judgment, ... to forget about authority ... to use
their own conscience. I wish somebody had told me that before I went to
Vietnam.”- a U.S. soldier who had participated in the My Lai massacre, in
which a company of American soldiers shot to death women and children by the
hundreds in a tiny Vietnamese village - Soldier
“The torturers from the start had said that the United
States supported them and that was what counted.”- Amnesty International
report on Greece in the 1960s under US-supported dictator George Papadoupolus
“The U.S. government officials lie when they talk about
human rights. They're a bunch of hypocrites and liars. You can't take it
seriously.”- Eqbal Ahmad, Confronting Empire- interviews, p51
In fact, the solution
to the banking problem has been performed over a century before. 19th century
American President Abraham Lincoln once issued debt-free government money in
place of private central bank debt-based money (today the Federal Reserve - a privately
owned national bank that dangerously endorses the corrupt banking process
of fractional reserve lending).
Lincoln issued 200 million dollars worth of debt-free”Greenback”US Treasury
Notes.
The debt-free US
Treasury money worked splendidly during his presidency, the economy
prospered and it helped Lincoln end a civil war; a war that was also
instigated by the international bankers - as they conspired to divide and
conquer the nation at that time in history. They were afraid the United States
of America would become too powerful for them to control; which has always been
the international bankers' greatest fear.
This is a quote
from the Times of London during Abraham Lincoln's presidency:
“If this
mischievous financial policy, which has its origin in North America, shall
become endurated down to a fixture, than that Government will furnish its own
money without cost. It will have all the money necessary to carry on its
commerce. It will become prosperous without precedent in the history of the
world. The brains and the wealth of all countries will go to North America. That
country must be destroyed or it will destroy every monarchy on the globe!”-
Times of London (during Lincoln's issuing of debt-free
United States Treasury Notes )
However, no other debt-free money was issued after the banking
elite had Abraham Lincoln assassinated shortly there-after; with the singular
exception of John F. Kennedy's delightful executive order re-issue of 200
million dollars of fresh debt-free US Treasury Greenbacks in 1963. This one
misdeed alone to the global private banking plutocracy appears to have cost the
young President Kennedy his life. (*)
{ (*) Footnote:
How the Kennedy family has approved to this day of the many murders committed
to their own family: JFK, RFK, and possiby JFK Jr. as well, by the remaining
forces of the New World Order is beyond the comprehension of immorality of this
one researcher and author and is not covered in this book. May the Love, Light,
and Truth of Christ enter their darkened hearts.}
If America is to
survive and the”New World Order”conspirators put into check, this corrupt
system of leeching on humanity must be finally and quickly removed with the
torch of freedom that burns in the souls of every freedom loving individual
world-wide.
It is very
important for All to realize that the international banking elite are currently
planning a large-scale world-wide depression first in the United States that
would be much worse, by design, than the Depression the Federal Reserve caused
in the early 1930s; when
the banking elite previously gained much more wealth and power over the very
same time period - a time when the American People were still aloof of the real
cause, starving, and losing their homes and businesses. How the international bankers
and “The Fed” plan to do this again in America is detailed in Chapter 2.
Our Goal:
The goal of this
beginning chapter is to educate the American People especially so they can one
day soon strongly force all their representative congressmen and a newly
elected “No Federal Reserve! / No private central bank!” administration to
engage in restoring the legitimacy of debt-free American money and abolish the
privately owned central bank, the Federal Reserve (and its subordinates:
the IRS, CIA, etc.) which is, by design of the international bankers,
incrementally destroying the American economy and the quality of life of her
People; and on a world-scale, creating even larger damage.
The New World
Order is all solely for the benefit of the world's banking elite in their quest
to dominate and own the entire world and the many peoples of it for their own
perpetually selfish purposes. It can not be
denied. Denying it would be the equivalent of allowing common criminals to
burglarize your home nightly right in front of you.
“The state is the executive committee of the ruling class”-
Karl Marx
To
the People of America, the fate of
the entire world lays in your hands. All other issues concerned with party
affiliation: elections, taxes, spending, deficits, or even terrorism itself are
not as important of issues for America or the world in general than National
Banking Reform. In fact, it is the corrupt banking system that
America is still under at the time of distribution of this book that is the
primary or root cause of all the before mentioned malices.
“The more you can increase fear of drugs and crime, welfare
mothers, immigrants and aliens, the more you control all the people.”- Noam
Chomsky, American linguist and US media and foreign policy critic
The
international banking system operated by the “money changers”, or perhaps better described as the global financial mafia, has for a
long time controlled all the major political parties: principally the
'Democratic' and 'Republican' parties in America. Other issues are
principally used as distractions from this monster living in our attic.
Issues ranging
from elections to international terrorism are truly smokescreens hiding the
real monster that is poised to strangle America's future and the liberty of all
her People. Only when
We, The People of the World, remove the private monopolies over national
currencies and the combined resulting power that those of us in generations
past have blindly given to the international bankers will legitimacy in
national governments be restored.
We should,
through grace, forgive our parents, our grandparents, our teachers, and even
our pastors for their oversight of this scourge in the past. We should allow
Our Heavenly Creator Above to ultimately determine the mortal and eternal fate
of each of the conspirators. Yet if the conspirators are indeed found in the
court of international public opinion individual accomplices in mass murder,
then certainly their massive earthly wealth should be removed and redistributed
evenly by various means; rather than for Us to witness simple detainments or
time-limited incarcerations for their previous crimes against humanity. They
should not live above Our universal laws of thievery and premeditated murder.
It is most
important for The People to first expose
and then remove the power of the money changers, not strictly concern ourselves over
their vast accrued fortunes so far. By
removing, from them, the power of their control of our systems of national
monies, or perhaps one day soon a global
electronic 'cashless' currency, their techniques of perpetually generating
vast wealth for themselves, with no worthwhile work or social benefit in
exchange for it, will be entirely removed. They will cease their parasitic rule
over Us; systems of money will become our servant rather than our master. The
kindness and virtue in our hearts will only transform Our World for the better.
If the banking
elite and their subordinates simply not understand and appreciate what Our new
wide-spread understanding means, their funding should be immediately cut off.
It would probably be wisest for humanity to simply stop paying all the
privately owned fractional-reserve lending banks altogether immediately on an
individual-by-individual basis.
All Americans
and all other debt-enslaved nations should rigorously take back their
individual countries all in one swift move. All households worldwide should be
secured by their occupants and declared debt-free, in step with the consent and
support of All the People of the entire World. Only then will peace and
increasing abundance come to all the lands as well.
Expressed
another way, if society only diminishes the wealth of the elite and We continue
to let these money changers retain the power
to create and rule over the money supplies of the world, then
they will begin to restore their wealth and power over humanity using less ink
than contained in one pen!
If you love your
country, or at least love your own freedom, then please put aside a few more
hours and help preserve liberty and prosperity for All. We must undergo no less
than a global community transformation of
world thinking while expressing mutual charity for All. There truly is no
other practical solution than to end the rein of the international bankers over
All of Us.
Please re-read
the following paragraph after you have read and understood the review of
history outlined in Chapter 2 and concede that it is indeed only factual and
undeniable. Again, denial at this point will only bring Us, the People of the
World, the salt of the Earth: continued tyranny, an awful increase in
bloodshed, unsightly and lasting destruction, and the loss of freedom for all
families; all but preserved only for a few elite families who would then
perpetually aspire to forever financially dominate and sculpt the entirety of
Our World to their own selfish designs.
The only
reasonable cure for the
abominable scourge of the international bankers who are now above and in
complete control of our national governments of the world is to take this
power away from them.
People of the
World, these are but a handful of greedy, debased, and faceless men and think very
low of the common people and our world society; men who conspire secretly and
further intend widespread war, starvation, and death upon you and your families
for their profit. Is there not but a greater”wakeup-call"?! Thanks be to you.
Summary:
The elite
international banking class, a very slim minority of humanity, have long gained
control of our governments. These people have long planned for the triggering
of a quick and ever deepening domino-effect collapse of the global economy in
order to completely own it and enslave the World's surviving people into
their”New World Order”. Injecting tiny microchip radio transmitters into you
and your babies at birth is a part of the next stage of their plan. The terror
of September 11, 2001 was of their design. This book goes into the prior
history leading up to the event; setting the stage and painting the big
picture.
To know in
detail how the global elite and the illegitimate governments of the world
including: the government of the United States, the government of Israel, the
government of Great Britain, the government of Germany and others to varying
degrees world-wide participated in carrying out the terrible events of
September 11th and their subsequent actions, the author highly recommends All the
People of the World to view the 2 hour, 41 minute documentary 911 - The Road To Tyranny, produced by
Alex Jones of Austin Texas in April of 2002.
“The US Vice-President, Dick Cheney, revealed in a
television interview over the weekend that President George Bush had given an
order last Tuesday for the military to shoot down any civilian aircraft that
disregarded instructions from air traffic control and appeared to be a threat.
The fourth hijacked plane, United Airlines Flight 93 from Newark to San Francisco,
was thought to be on its way to Washington but crashed in rural Pennsylvania
following some kind of altercation between the hijackers and a group of
passengers determined to thwart their plans. The rumors that this plane was
shot down are based on the fact that debris was found up to eight miles from
the crash site, that one of the passengers talking on a mobile phone reported
hearing an explosion and seeing a plume of white smoke in the cabin, and that
eyewitnesses saw a second aircraft in the sky at the time of the crash.”- The Independent, London, England, September 20, 2001
“We stare at TV screens and try to comprehend the suffering
in the aftermath of terrorism. At the same time, we're witnessing an onslaught
of media deception. Silence, rigorously selective, pervades the media coverage
of recent days. ABC News analyst Vincent Cannistraro helped to put it all in
perspective for millions of TV viewers. Cannistraro was in charge of the CIA's
covert aid to Afghan guerrillas. In other words, Cannistraro has a long history
of assisting terrorists-first, Contra soldiers who routinely killed Nicaraguan
civilians; then, mujahedeen rebels in Afghanistan ... like Osama bin Laden. How
can a longtime associate of terrorists now be credibly denouncing”terrorism?”It's
easy. All that's required is for media coverage to remain in a kind of
history-free zone that has no use for any facets of reality.”- Norman
Solomon, Creators Syndicate, September 13, 2001
“War doesn't fall out of the clear sky. Like every other
human undertaking, it requires preparation; to make it a possibility and then a
reality, the care and cooperation of many are needed. It is desired, prepared
for, and proposed by those men and powers who stand to gain by it. Either it
brings them direct cash profit, as in the case of armaments industry (and as
soon as war breaks out, how many previously harmless industries become war
industries, and how automatically money flows their way!), or it brings them
advantage in the form of prestige, respect, and power, as in the case of
unemployed generals and colonels”- Hermann Hesse: Author (1877-1962)
“Once a government resorts to terror against its own
population to get what it wants, it must keep using terror against its own
population to get what it wants. A government that terrorizes its own people
can never stop. If such a government ever lets the fear subside and rational
thought return to the populace, that government is finished.”- Michael
Rivero
Freedom lover Alex Jones, and dear Friend, offers the entire
documentary for download from his website with no charge, www.infowars.com and
www.prisonplanet.com or Eric Rainbolt's
information portal: <www.911Exposed.com>. {Alex airs a daily, M-F, emergency global
short-wave-radio broadcast on 5.085 Mhz, nightly from 9pm to midnight, US
Central Standard Time. His daily show also airs over the internet and on a
small syndicated radio network, The
Genesis Network, www.gcn.com }
By understanding
the history of how international private central banks have manipulated the
history of mankind, you will also become an expert in true world history. This
is not simply the history of governments and their endless propaganda stated
the public, but the true story of how international privately owned banks have
always sought to control all governments and the world-wide press. As you
will see, private banks have covertly ruled over the largest governments,
especially the United States government, surprisingly since near its inception.
This is actually a much bigger problem than may simply meet the eye, without
this knowledge, today.
Chapter
2 - The Money Changers
How the International Bankers
gained control of America.
Jesus of Nazareth knew them best as the”Money Changers". In
this era they are most commonly referred to as the”international bankers".
They still practice the same basic financial scam today as 2000 years ago - but
on a global scale.
So... What is going on in America today? Why is the United States of America is in so
much debt? Why can't the politicians keep
debt under control? Can this trend of
creating endless debt eventually spiral our country into a large scale
depression, sow the seeds of governmental tyranny, and hasten the loss of
liberty?
Why are so many people, often both parents now, strapped down in
low paying dead-end jobs; who can barely afford to pay the minimum monthly
payments to their credit issuing banks while there are still so many people
worldwide having to do with less?
What is the future of the American economy and way of life; why
does the government report to us that inflation is low but the buying power of
our paychecks is declining at an alarming rate?
Only a generation ago, a loaf of bread was a quarter and a new car could
be bought for $1995.00.
Are we headed into an economic crash of unprecedented
proportions? One that will make the
crash of 1929 and the Great Depression that followed look like a Sunday school
picnic? If indeed this so be the case,
as this information in this chapter will testify to, then can we prevent
it? And what can we do to protect our
families in the case that most people around the world do nothing or too little
in time to prevent it?
Reliable experts say that a horrible crash of
“unprecedented proportions” is indeed coming.
The experts also state that there are simple things that we can
all do now to prepare for the financial crash; whereby the bread winner in the
family may still be able to put bread on the table and a roof above their
family's heads - even in the worst of times.
But to do that we have to understand why the crash is coming, who
is behind it, what they want, and how the perpetrators plan on profiting
enormously from the planned global depression. Armed with this knowledge any
one of us may be able to ride out the following storm.
If enough of us become armed with the following knowledge, perhaps
the anticipated depression may be entirely avoided. This would of course require
a complete overhaul of the world's current banking system and additional
legislative protections for the People guaranteeing the People that their
governments will not relinquish the absolute power of national money creation
and depletion to the private interests of the international monetary elite and
their corrupt system of power.
Over history however, as we shall see, the”Money Changers”have grown their
power from street side scam artists of old Jerusalem and Rome into fully fledged
international terrorists commanding above the most powerful nations of the world, namely all of
Europe and North America. However, their basic financial scam has remained the
same. Their wealth has been fabricated and accumulated using the same basic
techniques - all requiring the element of deception and coersion; their methods
being held a safeguarded secret from the People of the World generation after
generation.
Larry Bates was a bank president for 11 years. As a member of the
Tennessee House of Representatives, he chaired the Committee on Banking and
Commerce. He is also a former professor of economics and the author of the
book, The New Economic Disorder.
Mr. Bates states:
“I can tell you right now that there is going to be a crash of
unprecedented proportions. A crash like we have never seen before in this
country. The greatest shock of this decade is that more people are about to
lose more money than at any other time before in our history. But the second
greatest shock will be the incredible amount of money that just a small group
of people will make at exactly the same time. See in periods of economic
upheaval or of economic crisis, wealth
is not destroyed, it is merely transferred.”- Former Congressman Larry
Bates; Professor of Economics; and Author of The New Economic Disorder
Charles Collins is a lawyer who has owned banks and serves as a
bank director. He believes the United States will never get out of debt because
the Federal Reserve is in control of our money.
“Right now it is perpetuated by the Federal Reserve making us
borrow the money from them at interest to pay the interest that has already
accumulated. So we cannot get out of debt they way we are going now.” - Charles
Collins, Modern Day Bank Director
Economist Henry Pasquet is a tenured instructor in economics. He
agrees the end is near for the US economy.
“Not when you are adding around, in rough terms, about 1 billion
dollars a day, we just can't go on. We had less than 1 trillion of national
debt in 1980, now it is approximately 5 trillion dollars, 5 times greater in 15
years, doubling every three years. It doesn't take a genius to realize that
this just can't go on forever.”- Henry
Pasquet, Seasoned Instructor of Economics
The problem is that since 1864 we have had a debt-based banking
system. All our money is based on government debt. We cannot
extinguish government debt without extinguishing our money supply and the
corrupt banking system behind it.
That is why talk of paying off the national debt without reforming our
banking system is an impossibility. That is why the solution does not
reside in discussing the size of the national debt, rather it relies on reforming our banking system.
The Federal Reserve is headquartered in Washington. It sits on a
very impressive address, right on Constitution avenue, right across from the
Lincoln memorial. But is it Federal? Is
it really part of the United States government?
Well, what we are about to show you is that there is nothing Federal about the Federal
Reserve and there are no reserves.
The name is a deception created back before the Federal Reserve Act was
passed in 1913; to make Americans think that”The Fed", as it is called,
operates in the public interest. April Fools! The truth is that the Federal
Reserve is a private bank owned by private stockholders and run purely for
their private profit! They do not have
the long-term interest of the American people, or the people of the world, in
mind.
Through their corrupt practices, their interests have always
strived to rule unobstructed. Perhaps Western mega-billionaire David
Rockefeller, board member of the Federal Reserve and former chairman of New
York's Chase-Manhattan Bank, has stated their objectives most clearly when he
restated his father's, John D. Rockefeller's lie:”Competition is sin.”
Henry Paquist stated, when presented with this observation:
“That is absolutely correct. The Fed is privately owned for profit
corporation which has no reserves available to back up the Federal
Reserve Notes, which is our common currency.”- Henry Pasquet, Seasoned Instructor of Economics
Former Congressman Larry Bates also
states:
“Absolutely - the Federal Reserve is neither Federal and has
doubtful Reserves. It is a private bank that
is owned by member banks. It was chartered under the guise of deceit by an act
of congress in 1913. On the night of December 23rd, 1913, when most members of
the congress had gone home for the holidays the House of Representatives had
passed the Federal Reserve Act of 1913. But it was having difficulty getting
out of the Senate. Again, at a time people had gone home. But one of the things
that I used to make sure and check, is that when we had a recess in legislative
circles you want to make sure you adjourn with something called soni dai, without a date. The senate had not
adjourned with soni dai, so it was technically in session. There you had three
members of the senate, according to the senate journal, that were present on
that day, December 23rd, 1913 and they passed the Federal Reserve Act in the
senate on a unanimous consent force vote. Had there been one person there to
object and to contest to the absence of a forum, it would not have passed.”- Former Congressman Larry Bates; Professor
of Economics; and Author of the New
Economic Disorder
“No man's life, liberty, or property are safe while the
legislature is in session.”- Mark Twain (1866)
If there is still any doubt that the Federal
Reserve is not part of the government, and you live in America, just open
and check your local phone book.
(insert picture of phone book )
In most cities, the Federal Reserve is not listed in the blue
government pages. It is listed in the business white pages, next to others such
as Federal Express, another private company. But more directly US courts have
ruled time and time again that the Federal Reserve is a private corporation.
Why can't members of congress actually do something about “The
Fed”? It is because most members of
Congress simply act like they don't understand the system and the few who
acknowledge understanding of it are afraid to speak up in public!
However a few in Congress have been bolder over the years. Here
are three quick examples:
In 1923, Representative Charles A. Lindbergh, Republican from
Minnesota, and father of the acclaimed aviator Lucky Lindbergh put it this way:
“The financial system has been turned over to the Federal Reserve
Board. The board administers the financial system by authority of a purely
profiteering group. The system is private; conducted for the sole purpose of
obtaining the greatest possible profits from the use of other people's money.”-
Charles A. Lindbergh; Former Congressman
(R-MN)
Lewis T. McFadden, the former chairman of the House Banking and
Currency Committee during the Great Depression years, was also outspoken. The
Representative of Pennsylvania said in 1932:
“We have in this country one of the most corrupt institutions the
world has ever known. I refer to the Federal Reserve Board... This evil
institution has impoverished the people of the United States and has
practically bankrupted our government. It has done this through the corrupt
practices of the moneyed vultures who control it.”- Lewis T. McFadden; Former Congressman and Chairman of the House Banking
Committee During the Great Depression
Senator Barry Goldwater was a frequent critic of the Fed:
“Most Americans have no real understanding of the operation of the
international money lenders. The accounts of the Federal Reserve system have
never been audited. It operates outside the control of Congress and manipulates
the credit of the United States.”- Senator Barry Goldwater
Larry Bates adds:
“The Federal Reserve really, even though it is not a part of the
Federal Government, is more powerful than the Federal government, it is more
powerful than the President, the Congress, and the Courts. Many people
challenge me on that, but let me prove my case... The Federal Reserve
determines what the average person's car payment is going to be, what their
house payment is going to be, and whether they have a job or not. I submit to
you that is totally control. And the Fed is the largest single creditor of the
United States government. What does Proverbs
tell us, “the borrower is servant to the lender.”- Former Congressman Larry Bates; Professor of Economics; and Author of
the New Economic Disorder
We all have to understand that from the day the constitution was
adopted right up to today, the folks who profit from privately owned central
banks, the “Money Changers,” have fought a running battle for control over who
gets to print America's money. Why is who prints the money so important? Think of money as just another commodity. If you have a monopoly on a commodity that everyone needs, everyone wants, and
nobody has enough of, there are lots of ways to make a profit and also exert a
great deal of political influence. That is what this battle is all about.
Throughout the history of the United States, the money power has
gone back and forth between congress and some sort of privately owned central
bank. The forefathers knew the evils of a privately owned central bank. First
of all, they have seen how the privately owned British central bank, the Bank
of England, had run-up the British national debt to such an extent that the parliament
had been forced to place unfair taxes on the American Colonies.
In fact, as we will see, Benjamin Franklin claimed that this was
the real cause of the American Revolution. Most of the founding fathers
realized the potential dangers of central banking and feared the bankers'
perpetual accumulation of wealth and power.
Thomas Jefferson once profoundly stated:
“I sincerely believe that banking institutions are more dangerous
to our liberties than standing armies. The issuing power should be taken from
the banks and restored to the people to whom it properly belongs”- Thomas Jefferson, Former President of the
United States and key “Founding Father” of the United States Government
That succinct statement Jefferson made is precisely the solution
to all our economic problems today. It is worth repeating:
“The issuing power should be taken from the banks and restored
to the people whom it properly belongs.”
James Madison, the main author of the constitution agreed.
Interestingly he called those behind the central bank scheme the”money
changers". Madison strongly criticized their actions:
“History records that the money changers have used every form of
abuse, intrigue, deceit, and violent means possible to maintain their control
over governments by controlling money and its issuance.” - James Madison, 4th President of the United States Government
{Another key
James Madison Quotation: ”Knowledge will forever govern over ignorance, and a
popular government without a popular knowledge of it, or the means of acquiring
it, is but a prologue to a farce and subsequently a tragedy.”}
The battle over who gets to issue our money has been the
pivotal issue throughout the history of the United States. Wars are fought over
it, depressions are caused to acquire it. But after WW I, this battle was
rarely mentioned in newspapers or history books (even collegiate level
textbooks.) Why? By
WW I, the money changers with their dominant wealth had already seized control
over most the nation's press. Public view for over three generations
has been manipulated behind a smokescreen emitted by Fed cheerleaders in the
media. Throughout history this battle of who controls our money has been
perpetual. In fact, it has changed hands back and forth 8 times since 1764. Yet
these facts has all but disappeared from history texts.
Until we stop talking about deficits and government spending and
instead start talking about who controls how much
money we have, it is all just a big shell game; a complete and utter deception.
It won't matter if The People pass an iron clad amendment to the national
constitution mandating a balanced budget - Our situation is only going to get
worse until We root out the cause at its source.
“The modern liberal state ... often uses deception to gain
its ends -- not so much deception of the foreign enemy, but of its own
citizens,who have been taught to trust their leaders.”- Howard Zinn,
historian and author
What is the solution for our national banking problem?
1) Education. That
is what this book and many other information resources are all about.
2) We must act. We
must take back the power to create our own money.
Issuing our money is not a radical solution. Let's stress that. It
is the same solution presented at different points in US history by men like:
Benjamin Franklin, Thomas Jefferson, Andrew Jackson, Martin Van Buren, and
Abraham Lincoln.
So, to sum it up, in 1913, Congress gave an independent central
bank, deceptively named the Federal Reserve, a private monopoly over
issuing America's money. The debt generated by this private corporation is
what is killing the American economy.
Though the Federal Reserve is the most powerful central bank in
the world, it was not the first. So where did this idea come from? To really understand the magnitude of the
problem we have to travel back to old Europe.
The Money
Changers
Just who are these “money changers”? The Bible records that about 2000 years ago,
Jesus drove the money changers from the temple in Jerusalem. It was the only
time Jesus used force during his ministry.
What were money
changers doing in the temple?
When Jews came to Jerusalem to pay their temple tax they could
only pay it with a special coin, known as the half shackle of the sanctuary.
This was a half ounce of pure silver about the size of a half dollar. It was
the only coin around at that time that was of pure silver, of assured weight,
and without the image of a pagan emperor stamped on it. Therefore to Jews the
half shackle was the only coin acceptable to God.
But these coins were not plentiful. The money changers had
cornered the market on them. Then they had raised the price, just like any
other commodity, to whatever the market would bear. In other words, money
changers were making exorbitant profits because they held a virtual monopoly on
money. The Jews had to pay whatever they demanded.
To Jesus, this totally violated the sanctity of God's house. The
money changers indeed deserved a bit of ass-kicking by Jesus Christ. Perhaps
the only way this seemingly unstoppable evil will end will be with Jesus's
promised return.
Roman Empire
The money changing scam did not originate in Jesus' day. 200 years
before Christ's birth, Rome was having trouble with money changers. Two early
Roman emperors had attempted to diminish the power of the money changers by
reforming usury laws and limiting land ownership to 500 acres. They were both assassinated.
In 48 BC, Julius Caesar successfully took back the power to coin
money from the money changers and minted new coins for the benefit of all. With
this new plentiful supply of money he built great public works projects. By
making money plentiful Caesar won the love of the common man, but the money
changers hated him. Some believe this was an important factor in Caesar's
assassination. One thing is for sure, with the death of Caesar came the demise
of plentiful money in Rome. Taxes increased and so did corruption.
Just as in the case of America today, usury, making money off the pure exchange of money, and debased coin became the rule.
Eventually the Roman money supply was reduced by 90 percent. As a result the
common people lost their land and their homes - just as about what is to
happen in 2004-2007 in America. With the demise of plentiful money the
masses lost confidence in the Roman government and refused to support it. Rome
plunged into the gloom of the Dark Ages.
The Goldsmiths
A thousand years after the death of Christ, money changers, those
who loan out and manipulate the quantity of money, were quite active in
medieval England. In fact, they were so active, that acting together, they
could manipulate the entire English economy.
These were not bankers per se; the first bankers were the
Goldsmiths. They started keeping other people's gold for safe keeping in their
vaults. The first paper money was merely a receipt for gold left at the
goldsmith. Paper money caught on because it was more convenient than carrying
around alot of heavy gold and silver coins. Eventually goldsmiths noticed that only
a small fraction of their depositors ever came in and demanded their gold at
any one time...
Goldsmiths started cheating on the system. They
discovered that they could print more money than they had gold; and usually
nobody would be the wiser. Then they figured they could loan out this extra
money and collect interest on it.
This was the birth of fractional reserve
banking. That is, loaning out many times more money than they have on
deposit. So - if 1000 dollars in gold
was deposited with them they could loan out 10,000 in paper money and charge
interest on it and nobody would ever discover the deception. This is
exactly the same basic process that is being employed by the Federal Reserve
today. By these means Goldsmiths eventually accumulated more and more
wealth and used this wealth to accumulate more and more gold!
Today this practice of loaning out more money than there are
reserves is known as fractional reserve
banking. Every bank in the United States is allowed to loan out at least 10
times more money than they actually have. That's why they get rich on charging,
let's say 8% interest. It's not really 8 % per year which is their income. It
is ten times that, it is 80%! That's why
bank buildings are always the largest in town.
But doesn't that mean all interest, or all banking, should be
illegal? Not entirely. In the middle
ages, Canon law, the law of the middle ages, forbade charging interest on
loans. This concept followed the teachings
of Aristotle and St. Thomas Aquinas. They taught that the purpose of money
was to serve the members of society, to facilitate the exchange of goods, and
to lead a virtuous life. The act of charging interest, in their belief,
hindered this purpose by putting an unnecessary burden on the use of money. In
other words, interest was contrary to reason and justice.
All moralists of most religions condemn fraud. Oppression of the
poor is unjust and clearly immoral. Reflecting church law in the middle ages,
Europe forbade charging interest on loans and made it a crime called “usury.” Commerce grew and therefore opportunities for
investment arose in the late middle-ages. It came to be commonly recognized
that to loan money there was a cost to the lender, in both risk and lost
opportunity. Some types of charges were allowed, but not interest per se.
As we will see, fractional reserve lending is rooted in a fraud, results in widespread poverty,
and reduces the value of everyone else's money.
The ancient goldsmiths also discovered that extra profits could be
made by growing the economy between easy
money and tight money. When they
made money easier to borrow, the amount in circulation expanded. Money was
plentiful. People took out more loans to expand their businesses.
Then the money changers would tighten the money supply. They would
make loans more difficult to get. What would happen? Just as what would happen today. A certain
percentage of people could not repay their previous loans and could not take
out new loans to repay their old ones. Therefore they went bankrupt and had to
sell their assets to the goldsmiths for pennies on the dollar.
The same thing is still going on today. The Fed cheerleaders in
the media are calling this the 'growing of the economy', 'the up-and-down
cycle', or most commonly stated”the business cycle". It's is nothing less
than the modern day expression: ' Highway robbery! '
Tally Sticks
Like Julius Caesar, King Henry I of England finally resolved to
take the money power away from the goldsmiths around 1100 AD. Henry could have
used anything as money: seashells, feathers, or even yak dung as if often done
in remote Tibetan provinces. But he invented the most unusual money system in
history. It was called the tally stick system.
There are only a few preserved remaining examples of a tally stick. It lasted
726 years, until 1826.
The tally stick system was adopted to avoid the monetary
manipulation of the goldsmiths. Tally sticks were fabricated out of sticks of
polished wood. Notches were cut along one edge of the stick to indicate the
denomination. Then the tally tick was split lengthwise through the notches so
that both pieces still had a record of the notches. The king kept one half of
each tally stick to protect against counterfeiting. Then he would spend the
other half into the economy and they would circulate as money.
One of the original stockholders in the Bank of England purchased
his original shares with a stick. In other words, he bought shares in the
world's most rich and powerful corporation, at that time, with a stick of wood.
It is ironic that after its formation in 1694, the Bank of England attacked the
tally stick system; because it was money outside the power of the money
changers just as King Henry I wanted it to be.
Why have people accepted sticks of wood for money? That's a good question. Throughout history
people have tried almost anything they thought had value. You see the secret is
that money is only what people agree on to use as money. What is our money
today? It is really just paper.
But what is the trick behind the success of the tally stick system
of money? King Henry I had ordered that
the tally sticks had to be used to pay the king's taxes. This built in demand
for tally sticks immediately began to make them circulate and be accepted as
money. It worked well. In fact, no other money has worked so well for so long
as the tally sticks. Keep in mind, the British empire was built under the tally
stick system.
The tally stick system succeeded despite the fact that the money
changers constantly attacked it by offering the metal coin system as
competition. In other words, metal coins never went completely out of
circulation, but the tally stick system hung on because they were good for the
payment of taxes.
Finally, in the 1550s, Henry VIII relaxed the laws concerning
usury. The money changers wasted no time reasserting themselves. They quickly
made their gold and silver money plentiful for a few decades. But when queen
Mary took the thrown, she tightened the usury laws again. The money changers
renewed the hoarding of gold an silver coins, forcing the economy to plummet.
When Queen Mary's sister, Queen Elizabeth I, took the thrown she was determined
to regain control over English money. Her solution was to issue gold and silver
coins from the public treasury and take control of the money supply away from
the money changers.
Although control over money was not the only cause of the English
Revolution of 1642 as religious differences fueled the conflict, monetary
policy still played a major role. Financed by the money changers, Oliver
Cromwell finally overthrew King Charles, purged the parliament, and put the
king to death. The money changers were then immediately allowed to consolidate
their financial power.
The result for the next 50 years: the money changers plunged Great
Britain into a series of costly wars. They took over a square mile of property
in London known as the 'City of London'. This area today is still known as one
of the three predominant financial centers of the world. Conflicts with the
Stuart kings led the money changers in England to combine with those in the
Netherlands to finance the invasion of William of Orange who overthrew the
Stuarts in 1688 and took the English thrown.
By the end of the 1600's England was in financial ruin. 50 years
more or less of continuous wars with France and Holland had exhausted her.
Frantic government officials met with the money changers to beg for the loans
to pursue their political purposes.
The price was high: a government sanctioned privately
owned bank; which could issue money created out of nothing. It was to be the
modern world's first privately owned central bank, the Bank of England.
Although it was deceptively called the Bank of England to make the
general population think it was part of the government, it was not. Like any
other private corporation, the Bank of England sold shares to get started. The
investors who's names were never revealed were supposed to have put up 1.25
million pounds in gold coin to buy their shares in the bank, but only 750,000
pounds were received. Despite that, the bank was duly charted in 1694 and
started out in the business of loaning out several times the amount of money it
had in reserves, all at interest. In exchange their new bank would then loan
them as much money as they wanted, as long as they secured the debt by direct
taxation of the British people. So the legalization of the Bank of England
amounted to little less than the counterfeiting of a national currency for
private gain of the bankers.
Unfortunately every nation now has a privately controlled
central bank using the Bank of England as the basic model.
Such is the power of these central banks that they soon take total
control over a nation's economy. It soon amounts to a plutocracy, rule by the rich. It would be like putting control of
the army in the hands of the mafia, the danger of tyranny would be extreme.
Yes, we need central banks. No we do not need them in
private hands.
The private central bank scam is a hidden tax. The nation sells
bonds to the central bank to pay for things that is doesn't have the political
will to raise taxes to pay for. The bonds are purchased with money that the
central bank creates out of nothing.
More money in circulation makes your money worth less. The
government gets as much money as it needs and the people pay for it all in
inflation. The beauty of the plan is that not one person in a thousand can
figure it out because it is purposely hidden behind complex sounding economics
gibberish. We need to boil this down to what it is; a fraud on the People,
plain and simple.
With the formation of the Bank of England, the nation was soon
awash in money. Prices throughout the country doubled. Massive loans were
granted for about any wild scheme. One venture proposed to drain the Red Sea,
to recover gold supposedly lost when the Egyptian army drowned pursuing Moses
and the Israelites. By 1698, government debt grew from the initial 1.25 million
pounds to 16 million pounds. Naturally taxes were increased to pay for all
this.
With the British money supply firmly in their grip, the British
economy began a wild roller coaster ride of booms and depressions - exactly the
sort of thing a private central bank claims it is determined to prevent.
“There are two things which I think are intrinsic in general, the
first is an involvement in the formulation of monetary policy, with the
specific objective of achieving monetary
stability.”- Eddie George, Recent
Governor of the Bank of England
However, since the Bank of England took control, the British pound
has rarely been stable. Now let's take a look at the Rothschild family, the
family said to be the wealthiest family in the world.
We are now returning to old Frankfurt Germany. 50 years after the
Bank of England opened its doors a goldsmith named Amshel Moses Bauer opened a
coin shop and a counting house, in 1743. And over the door he placed a sign
depicting a Roman eagle on a red shield. The shop became known as the 'red
shield firm' or in German, “Rothschild”. When his son, Amschel Mayer Baeur,
inherited the business he decided to change the family name to “Rothschild”.
Amschel soon learned that loaning money to governments and kings
was more profitable than loaning to private individuals. Not only were the
loans bigger, but they were secured by the nation's taxes.
Mayer Rothschild had 5 sons. He trained them all in the skills of
money creation. Then he sent them out to the major capitals of Europe to open
branch offices of the family banking business. His first son, Amshel Mayer,
stayed in Frankfurt to mind the hometown bank. His second son, Solomon was sent
to Vienna. His third son, Nathan, was clearly the most clever. Nathan was sent
to London at the age of 21 in 1798, a hundred years after the founding of the
Bank of England. His fourth son, Karl, went to Napels and his fifth son, Jacob,
went to Paris. In 1785 Mayer Rothschild moved his entire family to a larger
house, a 5 story dwelling shared with the Shiff family. This house was named
the “Green Shield”.
The Rothschilds and the Shiffs would play a central role in the
rest of European financial history and that of the United States. The
Rothschilds broke into dealing with European royalty at William's Hall, the
palace of the wealthiest man in Germany. In fact, the wealthiest monarch in all
of Europe, Prince William Hess Casell. At first, the Rothschilds were only helping
Prince William speculate in precious coins. But when Napoleon chased Prince
William into exile, William sent 500 thousand pounds, a gigantic sum at the
time, to Nathan Rothschild in London with instruction to buy consoles, British
government bonds, also known as British government stock. But Rothschild used
the money for his own purposes. With Napoleon on the loose, the opportunities
of wartime investments were nearly limitless. William returned sometime prior
to the battle of Waterloo in 1815. He summoned Rothschild and demanded his
money back. The Rothschilds returned Prince William's money, the amount of the
British consoles plus the interest the consoles would have paid him if the
investment had actually been made. But the Rothschilds kept all the past
profits they had made using Prince William's money.
Nathan Rothschild later bragged that in the 17 years he had been
in England he had increased his original 20,000 pound stake given to him by his
father by 2500 times. By cooperating within the family, the Rothschilds then
grew unbelievably wealthy. By the mid-1800's they dominated over all of
European banking, and were certainly the wealthiest family in the world. They
financed Cecil Rhodes, making it possible for him to establish a monopoly over the
diamond and gold fields of South Africa. In America they financed the Harrimans
in railroads, the Vanderbilts in railroads and in the press, and
Carnegie in the steel industry among many others. In fact, during WWI, JP Morgan was thought to be the richest man
in America. But it was discovered after his death that he was actually only a
lieutenant of the Rothschilds. Once Morgan's will was made public, it was
discovered that he only owned 19% of JP Morgan companies.
By 1850, Jacob Rothschild, the heir of the French branch of the
family, was said to be worth 600 million French francs. 150 million more than
all the other banks in France put together. He built a mansion called Fariere just east of
Paris. Wilhelm I exclaimed on seeing it,”Kings couldn't afford this, it could
only belong to a Rothschild.” Another 19th century French commentator put it
this way,”There is but one power in Europe, and that is Rothschild”.
There is no evidence that their predominant standing in
European or World finance has changed. Now let's take a look at the results
the Bank of England had on the British economy and how that later was the root
cause of the American Revolution.
The American
Revolution
By the mid 1700's, the British empire was nearing its height of
power around the world. But Britain had fought 4 costly wars in Europe since
the creation of their privately owned central bank, the Bank of England. The
cost had again been high. To finance these wars, the British parliament had
borrowed heavily from the bank. By the mid-1700s the government's debt was 140
million pounds, a staggering sum for those days. Consequently the British
government embarked on a program of trying to raise revenues from the American
Colonies in order to make their interest payments to the bank.
But in America it was a different story. The scourge of a
privately owned central bank had not yet hit.
{Let's go back to Independence Hall in Philadelphia; where the Declaration of
Independence and the Constitution were signed.}
In the mid-1700's pre-revolutionary America was still relatively
poor. There was a severe shortage of precious metal coins to trade for goods,
so the early colonists were forced to experiment with printing their own
home-grown paper money. Some of these experiments were successful.
In 1757 Benjamin Franklin was sent to London. He ended up staying
for the next 18 years, nearly until the start of the American Revolution.
During this period the American colonies began to issue their own money. Called
Colonial Scrip, the endeavor was very successful.
It provided a reliable medium of exchange and it also helped to
provide a feeling of unity between the colonies. Remember, Colonial Scrip was
just paper money, debt-free money, printed in the public interest and not
backed by gold or silver coin. In other words, it was a totally fiat, or a stand-alone currency. One day, officials at the
Bank of England asked Franklin how he would account for the newfound prosperity
of the colonies. Without hesitation he replied:
“That is simple. In the colonies we issue our own money. It is
called 'Colonial Scrip'. We issue it in the proper proportion to the demands of
trade and industry, to make the products pass easily from the producers to the
consumers. In this manner, creating for ourselves our own paper money, we
control its purchasing power, and we have no interest to pay to no one!”- Benjamin Franklin
This was just common sense to Franklin, but you can imagine the
impact it had on the Bank of England!
America had learned the secret of
money, and that genie had to be returned to its bottle as soon as
possible.
As a result, the parliament hurriedly passed the Currency Act of
1764. This prohibited colonial officials from issuing their own money and
ordered them to pay all future taxes in gold or silver coins. In other words, it
forced the colonies on a gold or silver standard. For those who still
believe that a gold standard is the answer for America's current monetary
problems, look what happened to America after that. Writing in his
autobiography, Franklin said:
“In one year, the conditions were so reversed that the era of
prosperity ended, and a depression set in, to such an extent that the streets
of the colonies were filled with unemployed.”- Benjamin Franklin
Franklin claims that this as even the basic cause for the American
Revolution. As Franklin put it in his autobiography:
“The colonies would gladly have borne the little tax on tea and
other matters had it not been that England took away from the colonies their
money, which created unemployment and dissatisfaction. The inability of the
colonists to get the power to issue their own money permanently out of the
hands of George III and the international bankers was the PRIME reason for the
Revolutionary War.” - Benjamin Franklin
By the time the first shots were fired in Lexington Massachusetts
on April 19th, 1775, the Colonies had been drained of gold and silver coins by
British taxation. As a result, the continental government had no choice but to
print money to finance the war. At the start of the revolution, the US money
supply stood at 12 million dollars. By the end of the war it was nearly 50
million. As a result the currency was virtually worthless. Shoes sold for 500
dollars per pair. Colonial Scrip had worked because just enough was produced
to facilitate trade. As George Washington lamented,”A wagonload of money
will scarcely purchase a wagonload of provisions.” Today, those who support a
gold-backed-currency, point to this period during the Revolution to demonstrate
the result of a publicly owned currency.
But remember, the same currency had worked so well during times of peace that
the Bank of England had parliament outlaw it!
The Bank of
North America
Towards the end of the Revolution, at the Continental Congress
meeting at Independence Hall, there was a desperation for money. In 1781 they
allowed Robert Morris, their financial superintendent, to open a privately
owned central bank. Incidentally, Morris was a wealthy man who had grown
wealthier during the Revolution by trading in war materials.
Called the Bank of North
America, the new bank was closely modeled after the Bank of England. The
bank was allowed to practice fractional reserve banking, that is, it could lend
out money it didn't have - then charge interest on it. If you or I were to do
that by ourselves, we would be charged with fraud, a felony.
The bank's charter called for private investors to put up $400,000
of initial capital. But Morris was unable to raise the money. He brazenly used
his political influence to have gold deposited in the bank which had been
loaned to America by France. He then loaned this money to himself and his
friends to reinvest in shares of the bank. Like the Bank of England, the bank
was given a monopoly over the national currency. Soon, the dangers became
clear. The value of American currency continued to plummet. So, 4 years later,
in 1785, the bank's charter was not renewed. The leader of the effort to kill
the bank, William Findley of Pennsylvania, explained the problem this way:
“This institution, having no principle but that of avarice, will
never be varied in its object... to engross all the wealth, power, and
influence over the State...”- William
Findley, Citizen Observer
The men behind the Bank of America: Alexander Hamilton, Robert
Morris, and the bank's president, Thomas Wiley, did not give up. Only 6 years
later, Hamilton, then secretary of the treasury, and his mentor Morris, rammed
a new privately owned central bank through the new congress, called the First
Bank of the United States. Thomas Whiley again served as the bank's president.
The players were the same, only the name of the bank was changed.
The
Constitutional Convention
In 1787, colonial leaders assembled in Philadelphia to replace the
ailing Articles of Confederation. As we read earlier, both Thomas Jefferson and
James Madison were unalterably opposed to a privately owned central bank. They
had seen the problems caused by the Bank of England.
They wanted nothing of it, as Jefferson later put it:
“If the American people ever allow private banks to control the
issue of their currency, first by inflation, then by deflation, the banks and
the corporations which grow up around them will deprive the people of all
property until their children wake up homeless on the continent their fathers
conquered.”- Thomas Jefferson,
Founding President of the United States
“The spirit of resistance to government is so valuable on
certain occasions that I wish it to be always kept alive. It will often be
exercised when wrong, but better so than not to be exercised at all.”-
Thomas Jefferson, drafter of the Declaration of Independence and president of
US from 1801-1809
During the debate over the future monetary system another one of
the founding fathers, Governor Morris, castigated the motivations of the owners
of Bank of North America. Governor Morris, as head of the committee that wrote
the final draft of the constitution, knew the motivations of the banks well.
Along with his old boss, Robert Morris, Governor Morris and Alexander Hamilton
were the ones who had presented the original plans of the Bank of North America
to the Continental Congress in last year of the Revolution.
In a letter he wrote to James Madison, Governor Morris revealed
what was really going on:
“The rich will always strive to establish their dominion and
enslave the rest. They always did. They always will. They will have the same
effect here as elsewhere, if we do not, by the power of government, keep them
in their proper spheres...”- Governor
Morris, Constitutional Author
Despite the defection of Governor Morris from the ranks of the
bank, Hamilton, Robert Morris, Thomas Wiling, and their European backers were
not about to give up. They convinced the bulk of the delegates of the
constitutional convention to not give congress the sole power to issue paper
money. Most of the delegates were still reeling from the wild inflation of the
paper currency during the revolution. They had forgotten how well Colonial
Scrip worked before the war. But the Bank of England had not. The money
changers could not stand to have America printing their own money again so the
constitution was worded ever so deceptively on the matter. The grievous
defect in wording left the door wide open for the money changers, just as they
had planned.
First Bank of
the United States
In 1790, less than 3 years after the constitution had been signed,
the money changers struck again. The newly appointed secretary of the treasury,
Alexander Hamilton, proposed a bill to the congress calling for a new privately
owned central bank.
Coincidentally, that was the very year that Amschel Rothschild
made his pronouncement from his flagship bank in Frankfurt Germany:
“Let me issue and control a nation's money, and I care not who
makes the laws.” - Amschel Rothschild
“Alexander Hamilton was a tool of the international bankers and he
wanted to create the US Bank, The Bank of the United States - and did so...”- Charles Collins, Modern Day Bank Director
Interestingly, when Hamilton graduated from law school in 1782 his
first assignment was being an aid to Robert Morris, the head of the Bank of
North America. In fact, the year before, Hamilton had written Morris a letter
saying:
"A national debt, if it is not excessive, will be to us a national blessing.”- Alexander Hamilton
After a year of intense debate, in 1791, congress passed
Hamilton's bill and gave it a 20 year charter. The new bank was to be called
the First Bank of the United States.
(picture of First Bank of the United States in Philadelphia. )
The bank was given a complete monopoly over printing the currency,
even though 80% of its stock would be held by private investors. The
remaining 20% would be purchased by the US government. But the reason was not
to give the government a piece of the action, it was principally to provide the
capital to the other 80% owners. As with the old Bank of North America and with
the Bank of England before that, the stockholders never paid the full amount
for their shares. The US government put up their initial 2 million in cash,
then the bank through the old magic of fractional reserve lending made loans to its charter investors, so they
could come up with the remaining 8 million dollars in capital needed for this
risk free investment!
Like the Bank of England, the name of the Bank of the United
States was deliberately chosen to hide the fact that it was privately controlled.
And like the Bank of England, the names of the investors in the bank were never
revealed. Many years later, it was a common saying that the Rothschilds were
the power behind the old Bank of the United States. The bank was pitched to
congress as a way to bring stability to the banking system and eliminate
inflation. So what happened? Over the
first 5 years, the US government borrowed 8.2 million dollars from the Bank of
the United States. In the same 5 year period, prices rose by 72%.
Jefferson, as the new Secretary of State, watched the borrowing
with sadness and frustration, unable to stop it:
“I wish it were possible to obtain a single amendment to our
constitution - taking from the federal government the power of borrowing.”- Thomas Jefferson, Secretary of State
Millions of Americans feel the same way today... they watch
in helpless frustration as the federal government borrows the American economy
into oblivion!
So, although it was called the First Bank of the Untied States, it
was not the first attempt at a privately owned central bank in this country. As
with the Bank of North America, the government put up most of the cash to get
the bank going. Then the bankers loaned the money to each other to buy the
remaining stock in the bank. It was scam plain and simple.
Napoleon’s Rise
to Power
Let's journey back to old Paris. The Bank of France was organized
in 1800, just like the Bank of England. But Napoleon had to decided that France
had to break free of debt and he never trusted the Bank of France. He declared
that when a government is dependent on the bankers for money, the bankers - not
the leaders of the government, are in control:
“The hand that gives is above the hand that takes. Money has no
motherland; financiers are without patriotism and without decency; their sole
object is gain.”- Napoleon Bonaparte I
Back in America, unexpected help for Napoleon was about to arrive.
In 1800 Thomas Jefferson narrowly defeated John Adams to become the third
president of the United States. By 1803, Jefferson and Napoleon had struck a
deal. The US would give Napoleon 3 million dollars in gold for a huge chunk of
land territory west of the Mississippi river, the Louisiana purchase.
With that 3 million dollars Napoleon quickly forged an army and
set off across Europe. But the Bank of England quickly rose to oppose him. They
financed every nation in his path, reaping the enormous profits of war.
Prussia, Austria, and finally Russia all went heavily into debt in a
futile attempt to stop Napoleon.
Four years later, with the main French army in Russia, 30 year old
Nathan Rothschild, the head of the London office of the Rothschild family,
personally took charge of a bold plan to smuggle a much needed shipment of gold
right through France to finance an attack by the Duke of Wellington from Spain.
Nathan later bragged at a dinner party in London that it was the best business
he has ever done. Little did he know that he would do much better business in
the near future.
Wellington's attacks from the south and other defeats, eventually
forced Napoleon to abdicate. Louis the Eighteenth was crowned king. Napoleon
was exiled to Elba, a tiny island off the coast of Italy - supposedly exiled
from France forever. While Napoleon was in exile in Elba temporarily defeated
by England by the financial help of the Rothschild family, America was trying
to break free of its central bank as well.
Death of the
First Bank
In 1811, a bill was put before congress to renew the charter of
the Band of the United States. The debate grew very heated, and the
legislatures of both Pennsylvania and Virginia passed resolutions asking
congress to kill the bank. The independent press of the day attacked the bank
openly, calling it ”a great swindle", ”a vulture,” a viper", and ”a
cobra". Oh! to have an independent press here again in America!!!
A congressman named P.B. Porter attacked the bank from the floor
of congress, claiming that:
“If the banks charter was renewed, congress will have planted in
the bosom of this constitution a viper which will one day sting the liberties
of this nation to the heart!”- Congressman
(and Prophet), P.B. Porter
Prospects didn't look that good for the bank. Some writers have
then claimed that Nathan Rothschild warned that the United States would find
itself involved in”a most disastrous war”if the bank's charter was not
renewed.
But it wasn't enough. When the smoke had cleared the renewal bill
was defeated by a single vote in the house and was deadlocked in the senate. By
now, America's Fourth President James Madison was in the White House. Remember,
Madison was a staunch opponent to the bank. His vice-president, George Clinton,
broke the tie in the senate and sent the bank into oblivion.
Within 5 months, England attacked the US and the War of 1812 was
on. But the British, were still busy fighting Napoleon, and so the War of 1812
ended in a draw in 1814. Though the money changers were temporarily down, they
were far from out. It would only take them only another 2 years to bring back
their private bank - bigger and stronger than ever.
First, we have to travel back to 19th century Europe to see how a
single man was able to manipulate the entire British economy, by obtaining the
first news of Napoleon’s final defeat.
Waterloo
Let's return to Napoleon - because nothing else in history more
aptly demonstrates the ingenuity of the Rothschild family than their control of
the British stock market immediately after Waterloo. At the beginning of 1815,
a year after the end of the war of 1812 in America, Napoleon escaped his exile
on Elba and returned to Paris.
French troops were sent out to capture him, but such was
Napoleon’s charisma the soldiers instead rallied around their old leader and
hailed him as their emperor once again. In March of 1815, Napoleon equipped an
army which Britain's Duke of Wellington defeated less than 90 days later at
Waterloo.
Some writers claim that Napoleon borrowed 5 million pounds from
the Bank of England to re-arm, but it appears that these funds actually came
from the Uebard banking house in Paris. From about this point on, it was not
unusual for privately controlled central banks to finance both sides in
a war.
Why would a central bank finance opposing sides in a war? Because war is the biggest debt generator
of them all. A nation will borrow any amount for victory. The ultimate
loser is loaned just enough to hold out the main hope of victory, and the
ultimate winner is giving just enough to win. Besides, such loans are usually
conditioned upon the guarantee that the victor will honor the debts of the
vanquished.
At the Waterloo battlefield in Belgium Napoleon suffered his final
defeat, but not before thousands of Englishmen and Frenchmen gave their lives
on a steamy summer day in July of 1815. 74,000 French troops met 67,000 troops
from Britain and other nations. The outcome was certainly in doubt. In fact, if
Napoleon had attacked a few hours earlier, he probably would have won the
battle.
But no matter who won or lost, back in London Nathan Rothschild
used the opportunity to attempt to seize control over the British stock and
bond market, and possibly even the Bank of England. Rothschild stationed a
trusted agent, a man named Rothsworth, on the north side of the battlefield,
closer to the English channel. Once the battle had been decided, Rothsworth
took off across the channel. He delivered the news to Nathan Rothschild a full
24 hours in advance before Wellington's own courier.
Rothschild hurried to the stock market and took up his usual
position in front of an ancient pillar, all eyes were on him. The Rothschild's
had a legendary communications network. If Wellington had been defeated and
Napoleon was loose on the continent again, Britain's financial situation would
have became grave indeed.
Rothschild looked saddened. He stood there motionless, eyes
downcast, then suddenly he began selling!
Other nervous investors saw that Rothschild was selling. At first take,
his reaction could only mean one thing - that Napoleon must have won and
Wellington must have lost. The market immediately began to plummet. Soon
everyone was selling their consoles and government bonds and prices dropped
sharply. Then Rothschild began buying up the consoles at a fraction of their
worth only hours before.
Myths, legends you may say?
100 years later, the New York Times ran a story that said that Nathan's
grandson procured a court order to suppress a book with this stock market story
in it. The Rothschild family claimed the story was untrue and libeless. But the
court denied the Rothschilds' request and ordered the family to pay all court
costs. What is even more interesting about this story is that same authors
claimed the day after the battle of Waterloo, in a matter of hours, Nathan
Rothschild came to not only dominate the bond market but the Bank of England as
well.
Whether or not the Rothschild family seized control of the Bank of
England, the first privately owned central bank in a major European nation, and
the wealthiest - one thing is certain. By the mid-1800s the Rothschilds were
the richest family in the world bar none. They dominated the new government
bond markets and branched into other banks and industrial concerns. In fact,
the rest of the 19th century was known as the 'Age of the Rothschilds'.
Despite this overwhelming wealth, the family has generally
cultivated an aura of invisibility. Although the family controls scores of
of industrial, commercial, mining, and tourist operations, only a handful
outwardly bear the Rothschild name. By the end of the 19th century, one expert
estimated that the Rothschild family controlled half the wealth of the world.
Whatever the extent of their vast wealth, it is reasonable to assume that their
percentage of the world's wealth has increased since then. But since the
turn of the century, the Rothschild’s have successfully cultivated the notion
that their power has somehow waned, or lessoned, as their wealth continuously
increases.
Second Bank of
the United States
Meanwhile in Washington in 1816, just one year after Waterloo and
Rothschild’s alleged takeover of the Bank of England, the American Congress
passed a bill permitting yet another privately owned central bank. This bank
was called the Second Bank of the United States.
The new bank's charter was a copy of the previous banks. The US
government would own 20% of the shares and those shares would be paid by the US
Treasury upfront into the banks coffers. Then through the magic of fractional
reserve lending, it was transformed into loans to the private investors who
then bought the remaining 80% of the shares. Just as before, the primary
stockholders remained a secret. But it is known that the largest block of
shares, about 1/3 of the total, was sold to foreigners.
As one observer of the day put it:
“It is certainly no exaggeration that the Bank of the United
States is rooted as deeply in Britain as it was in America.” - Anonymous Observer
So by 1816, some authors claim that the Rothschilds had taken
control over the Bank of England and backed a new privately owned central bank
in America as well.
Andrew Jackson
After 12 years of manipulation of the US economy on the part of
the Second Bank of the US, the American people had just about enough. Opponents
of the bank nominated a dignified senator from Tennessee, Andrew Jackson, the
hero of the battle of New Orleans, to run for president. Nobody seriously gave
Jackson a chance initially. The bank had long ago learned how the political
process can be controlled with money. To the surprise and dismay of the money
changers, Jackson was swept into office in 1828.
Jackson was determined to kill the bank at the first opportunity
and wasted no time in trying to do so. But the bank's 20 year charter didn't
come up for renewal until 1836, the last year of Jackson's second term - if he
could survive that long. During his first term, Jackson engaged himself with
the rooting out of the bank's many minions from federal service. He fired
roughly 2,000 of the 11,000 employees of the federal government.
In 1832, with his re-election approaching, the bank struck and
early blow, hoping that Jackson would not want to stir up controversy. They
asked congress to submit a renewal bill 4 years early. Naturally congress
complied and sent it to the president for signing. But Jackson weighed in with
both feet. He vetoed the bill! His veto
message is one of the great American documents. It clearly lays out the
responsibility of the American government to its citizens rich and poor.
“It is not our own citizens only who are to receive the bounty of
our government. More than eight millions of the stock of this bank are held by
foreigners. Is there no danger to our liberty and independence in a bank that
in its nature has so little to bind it to our country? Controlling our currency, receiving our
public monies, and holding thousands of our citizens in dependence would be
more formidable and dangerous than a military power of the enemy. If government
would confine itself to equal protection, and, as Heaven does its rains, shower
its favor alike on the high and the low, the rich and the poor, it would be an
unqualified blessing. In the act before me there seems to be a wide and
unnecessary departure from these wise and just principles.”- Andrew Jackson, Former United States
President, and Staunch Opposer of Private Central Banks
Later that year, in July 1832 congress was unable to override
Jackson's veto. Now Jackson had to stand for re-election. Jackson took his
argument directly to the people. For the first time in US history, Jackson took
his presidential campaign on the road. Before then, presidential candidates
stayed at home and looked presidential. His campaign slogan was”Jackson and No
Bank!".
The national republican party ran senator Henry Clay against
Jackson, despite the fact that the bankers poured 3 million dollars into Clay's
presidential campaign. Jackson was re-elected by a landslide in November of
1832. Despite his presidential victory, Jackson knew the battle was only the
beginning, “The Hydra of corruption is only scotched, not dead!”he announced.
Jackson ordered his new secretary of the treasury, Louis McLain,
to start removing the government's deposits from the Second Bank of the United
States and start placing them in safe banks. But McLain refused to do so.
Jackson fired him and appointed William J. Dwayn instead as the new Secretary
of the Treasury. Dwayn also refused to comply to the president's requests so
Jackson fired him as well. Jackson then appointed Roger B. Taney to the office.
Taney did withdraw government funds from the banks starting on October 1st,
1833. Jackson was jubilant: “I am ready to draw with screws every tooth and
then the trunk of the Bank!”
But the bank was not yet done fighting. Its head, Nicolas Biddle,
used its influence to get the senate to reject Taney's nomination. Then, in a
rare show of arrogance, Biddle threatened to cause a depression if the
bank was not rechartered:
“This worthy President thinks that because he has scalped Indians
and imprisoned judges, he is to have his way with the Bank? He is mistaken!”- Nicolas Biddle, Governor of the Second Bank of the United States
Next, in an unbelievable fit of honesty for a central banker,
Biddle admitted that the bank was going to make money scarce, to force congress
to restore the bank:
“Nothing but widespread suffering will produce any effect on
congress. Our only safety is in pursuing a steady course of firm restriction -
and I have no doubt that such a course will ultimately lead to restoration of
the currency and the recharter of the bank.”- Nicolas Biddle, Governor of the Second Bank of the United States
What a stunning revelation!
Here was the pure truth revealed with shocking clarity. Biddle
intended to use the money contraction power of the bank to cause a massive
depression until America gave in under the pressure!
Unfortunately this
has happened time and time again in US history and is about to happen again in
today's world.
Nicolas Biddle made good on his threat. The bank sharply
contracted the money supply by calling in old loans and refusing to extend new
loans. A financial panic ensued, followed by a deep depression.
Naturally Biddle blamed Jackson for the crash saying it was caused
by the withdrawal of Federal funds from the bank. Unfortunately his ruse worked
well, wages and prices sagged. Unemployment soared along with business
bankruptcies. The nation quickly went into an uproar. Newspaper editors blasted
Jackson in editorials.
Within only months congress assembled in what was called the”panic
session". 6 months after Jackson had withdrawn funds from the bank,
Jackson was officially censured by a resolution that had passed the senate by a
vote of 26 to 20. It was the first time a president has ever been censured by
congress. Jackson lashed out at the bank: “You are a den of vipers! I intend to route you out and by eternal God
I will route you out!”
America's fate teetered on a knife's edge. If congress could
muster enough votes to override Jackson's veto, the bank would be granted
another 20 year monopoly over America's money, time enough to consolidate its
already great power. Then, a miracle occurred. The governor of Pennsylvania,
came out supporting President Jackson and strongly criticized the bank. On top of
that Biddle had been caught boasting in public about the bank's plan to crash
the economy.
Suddenly the tide shifted. In April of 1834, the House of
Representatives voted 134 to 82 against rechartering the bank. This was
followed up by an even more lopsided vote to establish a special committee to
investigate whether the bank had caused the crash.
When the investigating committee arrived at the bank's door in
Philadelphia, armed with a subpoena to examine the books, Biddle refused to
give them up. Nor would he allow inspection of correspondence with congressman
relating to their personal loans and advances he had made to them. He also
refused to testify to the committee back in Washington.
On January 8th, 1835 Jackson paid off the final installment on the
national debt; a debt that only necessitated because the banks issued
currency for government bonds rather than the government simply issuing
treasury notes without such debt. Jackson was the only president to ever
pay off the national debt.
A few weeks later on January 30th, 1835, an assassin by the name
of Richard Lawrence tried to a shoot President Jackson - but by the grace of
God, both pistols misfired. Lawrence was later found not guilty by 'reason of
insanity'. After his release he bragged to friends that powerful people in
Europe had put him to the task and would protect him if he got caught.
The following year, when the bank's charter ran out, the Second
Bank of the United States ceased functioning as the nation's central bank.
Biddle was later arrested and charged with fraud. He was tried and acquitted,
but died shortly thereafter still tied up in civil suits.
After his second term as President, Jackson retired to his home in
Tennessee, The Hermitage, just outside of Nashville to live out his life. He is
still remembered here for his determination to kill the bank. In fact, he
killed it so well, that it took the money changers 77 years to undo the damage.
When asked what his most important accomplishment had been he replied,”I killed
the Bank!”
Unfortunately even Jackson failed to grasp the entire picture and
its root cause. Although Jackson had killed the central bank, the most
insidious weapon of the money changers, fractional
reserve banking, remained in use by the numerous state chartered banks.
This fueled economic instability in the years before the Civil War. Still the
central bankers were out and as a result America thrived as it expanded
westward.
During this time the principle money changers struggled to regain
their lost central power, but to no avail. Then, finally they reverted to the
old central bankers formula, war, to create debt and dependency. If they
couldn't get their central bank any other way, America could be brought to its
knees by plunging it into a civil war; just as they had done in 1812 after the
First Bank of the United States was not rechartered.
One month after the inauguration of Abraham Lincoln the first
shots of the American Civil War were fired at Fort Sumter South Carolina on
April 12th, 1861. Certainly slavery was a case for the Civil War, but not the
primary cause. Lincoln knew the economy of the South depended upon slavery, so
before the war, he had no intention on eliminating it. Lincoln had put it this
way in his inaugural address 1 month earlier:
“I have no purpose, directly or indirectly, to interfere with the
institution of slavery in the states where it now exists. I believe I have no
lawful right to do so, and I have no inclination to do so.”- Abraham Lincoln, Later to become known as
the “Great Emancipator of the Slaves.”
Even after the first shots were fired at Fort Sumter, Lincoln
continued to insist that the war was not about the issue of slavery:
“My paramount objective is to save the Union, and it is not either
to save or destroy slavery. If I could save the Union without freeing any
slave, I would do it. “- Abraham
Lincoln, Later to become known as the “Great Emancipator of the Slaves"
So what was the Civil War all about? There was many factors that played. Northern
industrialists had used protective tariffs to prevent the southern states from
importing cheaper European goods. Europe retaliated by stopping cotton imports
from the South. The southern states were in a double financial bind; they were
forced to pay more for most of the necessities of life while their income from
cotton exports plummeted.
The South grew angry; but there were other factors at work. The
money changers were still stunned by America's withdrawal from their control 25
years earlier. Since then, America's wildcat economy had made the nation rich,
a bad example for the rest of the world. The central bankers now saw an
opportunity to split the rich new nation, to divide and conquer her by war.
Was this just some sort of wild conspiracy theory at the time?
Well, let's just take a look at what a well placed observer of the
scene had to say at the time. His name was Otto Von Bismarck, the chancellor of
Germany; the man who united the German states a few years later:
“The division of the United States into federations of equal force
was decided long before the Civil War by the high financial powers of Europe.
These bankers were afraid that the United States, if they remained as one
block, and as one nation, would attain economic and financial independence
which would upset their financial domination of the world.” - Otto Von Bismarck, the Chancellor of
Germany; A Man Who Helped Unite the German States
Within months after the first shorts at Fort Sumter, the central
bankers loaned Napoleon III of France, the nephew of the Waterloo Napoleon,
210,000,000 (210 million) francs to seize Mexico and station troops along the
southern border of the US; taking advantage of their war to violate the Monroe
Doctrine and return Mexico to colonial rule.
No matter what the outcome of the Civil War, a weakened America,
heavily indebted to the money changers, would open up Central and South America
once again to European Colonization and domination; the very thing America's
Monroe Doctrine had forbade in 1823. At the same time, Great Britain moved
11,000 troops into Canada and positioned them menacingly along America's
northern border.
The British fleet went to war alert, should their quick
intervention be called for. Lincoln knew he was in a double bind. That is why
he agonized over the fate of the ”Union". There was a lot more to it than
just differences between the North and South. That is why his emphasis was
always on ”Union” and not the defeat of the South. But Lincoln needed
money to win. In 1861, Lincoln and his secretary of treasury, Salmon P. Chase,
went to New York to apply for the necessary loans. The money changers, anxious
to see the Union fail, offered loans at 24-36% interest. Lincoln said 'thanks -
but no thanks', and returned to Washington.
Lincoln sent for an old friend, Dick Taylor, and put him on the
problem of financing the war. In one meeting, Lincoln asked Taylor what he
discovered. Taylor put it this way:
“Why, Lincoln, that is easy; just get congress to pass a bill
authorizing the printing of full legal tender treasury notes and pay your
soldiers with them and go ahead and win your war with them also.”- Colonel Dick Taylor
When Lincoln asked if the people of the United States would accept
these notes the Colonel responded:
“The people or anyone else will not have any choice in the matter
if you make them full legal tender. They will have the full sanction of the
government and be just as good as any money; as Congress is given that express
right by Article 1 of the Constitution.”-
Colonel Dick Taylor, Advisor to President Lincoln
Here is how it is worded in the Constitution:
Article 1:
{Congress
shall reserve the right to authorize the coinage of the national currency...}
However, as you can see, there is no protection expressly worded
to keep congress in check from handing over the economic reins of our nation to
the money changers; and that is exactly what they did at various times in
America's national history.
So Lincoln did exactly what Mr. Taylor told him to do. In
1862-1863 Lincoln printed up $450 million dollars worth of the new bills. In
order to distinguish them from other banknotes in circulation, he printed
them with green ink on the backside. That is why the notes were called Greenbacks.
With this new money, Lincoln paid the troops and bought their
supplies. During the course of the war, nearly $450 million dollars were
printed at no interest to the government. Lincoln understood who was really
pulling the strings and what was at stake for the American people. This is how
he explained his rationale:
“ The government should create, issue, and circulate all the
currency and credit needed to satisfy the spending power of the Government and
the buying power of consumers. The privilege of creating and issuing money is
not only the supreme prerogative of the government but it is the government's
greatest creative opportunity. By adoption of the these principles, the
taxpayers will be saved immense sums of interest. Money will cease to be
master and become the servant of humanity.” - Abraham Lincoln
A truly incredible editorial in the London Times explained the
central bankers attitude towards Lincoln's greenbacks:
“If this mischievous financial policy, which has its origin in
North America, shall become endurated down to a fixture, than that Government
will furnish its own money without cost. It will have all the money necessary
to carry on its commerce. It will become prosperous without precedent in the
history of the world. The brains and the wealth of all countries will go to
North America. That country must be destroyed or it will destroy every
monarchy on the globe.”- Times of
London
The scheme was effective, so effective, that the next year, 1863,
with Federal and Confederate troops beginning to mass for the decisive battle
of the Civil War and the Treasury in need of further Congressional authority to
issue more Greenbacks, Lincoln allowed the bankers to push through the National
Bank Act.
These new national banks would operate under a virtual tax free
status and collectively have the exclusive monopoly power to create the new
form of money - bank notes. Though Greenbacks continued to circulate, their
numbers were not increased. But most importantly from this point on, the entire
US money supply would be created out of debt by bankers buying US government
bonds and issuing them for reserves for bank notes.
Later, Lincoln received some unexpected help from Czar Alexander
II of Russia. The Czar, like Bismarck in Germany, knew what the international
money changers were up to and had steadfastly refused to let them set up a
central bank in Russia. If America survived and was able to remain out of their
clutches, the Czar 's position would remain secure.
If the bankers were successful at dividing America and giving the
pieces back to Britain and France, both nations under control of the central
bank, they would threaten Russia again. So, the Czar gave the orders, if either
England or France actively intervened and gave aid to the South, Russia would
consider such actions as a declaration of war. He did the same with part of his
Pacific fleet and sent them to port in San Francisco.
Lincoln was re-elected the next year in 1864; had he lived, he surely would
have killed the national bank's money monopoly extracted from him during the
way. In November 21st, 1864 he wrote a friend the following:
“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 autocracy, more selfish than bureaucracy. “- Abraham Lincoln, Attaining a Early and
Clear Glimpse of the New World Order
Shortly before Lincoln was murdered, his secretary of the
treasury, Salmon P. Chase, bemoaned his role in helping secure the passage of
the National Banking Act only 1 year earlier:
“My agency in promoting the passage of the National Banking Act
was the greatest financial mistake in my life. It has built up a monopoly which
affects every interest in the country.” - Salmon
P. Chase, Abraham Lincoln's Former Secretary of the Treasury
On April 14th, 1865, 41 days after his second inauguration, and
just 5 days after Lee surrendered to Grant at Appomattox, Lincoln was shot by
John Wilkes Booth at Ford's theatre. Bismarck well understood the money
changers plan. Otto Von Bismarck, chancellor of Germany, lamented the death of
Abraham Lincoln:
“The death of Lincoln was a disaster for Christendom. There was no
man in the United States great enough to wear his boots. I fear the foreign
bankers with their craftiness and tortuous tricks will entirely control the
exhuberant riches of America, and use it systematically to corrupt modern
civilization. They will not hesitate to plunge the whole of Christendom
into wars and chaos in order that the earth should become their inheritance.”-
Otto Von Bismarck, Chancellor of
Germany, 1865
Allegations that international bankers were responsible for Lincoln's
assassination surfaced in Canada 70 years later in 1934. Gerald G. Megere, a
popular and well respected Canadian attorney revealed the stunning charge in a
5 hour speech before the Canadian House of Commons blasting Canada's debt based
money system. Remember, it was 1934, the height of the Great Depression. The
Depression was ravishing Canada as well. Megere had obtained evidence deleted
from the public record, provided to him by secret service agents at the trial
of John Wilkes Booth after Booth's death. Megere said it showed that Booth was
a mercenary working for the international bankers:
“Abraham Lincoln, the martyred emancipator of the slaves, was
assassinated through the machinations of a group representative of the
international bankers who feared the United States President's national credit
ambitions - and the plot was hatched in Toronto and Montreal. There was only
one group in the world who had any reason to desire the death of Lincoln. They
were the men opposed to his national currency program and who fought him
throughout the entire civil war over his policy of Greenback currency.”- Gerald G. Megere, Renowned Canadian
Attorney
Interestingly, Megere claimed that Lincoln was assassinated not
only because international bankers wanted to reestablish a central bank in
America, but because they also wanted to base America's currency on a gold
standard. Gold they mostly controlled. Lincoln had done just the opposite
by issuing US notes, Greenbacks, which were based purely on the good faith and
credit of the United States. The article quoted Megere as saying, they were the
men interested in the establishment of the gold standard and the right of the
bankers to manage currency and credit of every nation in the world.
With Lincoln assassinated, they were able proceed with that plan
in the United States. Within 8 years after Lincoln's assassination, silver was
demonetized and the gold standard
money system set up in the United States.
Not since Lincoln has the United States issued debt-free United
States notes. The red sealed bills issued in 1963 were not a new issue from
President John F. Kennedy but merely a re-issue of old Greenbacks issued years
before. In another act of folly and ignorance, the 1994 Regal Act actually
authorized the replacement of Greenbacks with debt-based notes. In other
words, a few Greenbacks were in
circulation in the United States until 1994.
Why was silver bad for the bankers and gold good? Simple... Because silver was plentiful in the
United States. It was very hard to control. Gold was and always has been
scarce. Throughout history it has been relatively easy to monopolize gold, but
silver has been 15 times more plentiful.
Anticipating Lincoln being out of the way, the money changer's
next objective was to gain complete control over America's money. This was no
easy task. With the opening of the American West, silver has been discovered in
huge quantities. On top of that, Lincoln’s Greenbacks were generally popular. Despite
the European central bankers deliberate attacks on Greenbacks, they continued
to circulate in the United States. In fact, just until just one decade ago.
According to historian W. Cleon Skousen:
“Right after the Civil War there was considerable talk about
reviving Lincoln's brief experiment with the Constitutional monetary system.
Had not the European money-trust intervened, it would have no doubt become an
established institution.” - W. Cleon
Skousen, Renowned Historian
It is clear that the concept of America printing their own money
sent shock waves through the European central banking elite. They watched with
horror as Americans clamored for more Greenbacks. They may have killed Lincoln,
but support for his monetary ideas grew.
On April 12th, 1866, nearly 1 year to the day of Lincoln's
assassination, congress went to 'work'. At the bidding of the European central
banking interests it passed the Contraction Act, authorizing the secretary of
the treasury to begin to retire some of the Greenbacks in circulation and
thereby contract the money supply.
Authors Theodore R. Throen and Richard F. Warner explained the
results of the money contraction in their classic book on the subject, The Truth In Money Book:
“ The hard times after the Civil War could have been avoided if
the Greenback legislation had continued as Lincoln had intended. Instead there
were a series of money panics, which we call recessions, which put pressure on
congress to enact legislation to place the banking system under centralized
control. Eventually, the Federal Reserve Act was passed on December 23rd,
1913.”- The Truth In Money Book
In other words, the money changers wanted two things: the
reinstitution of a central bank under their exclusive control, and also an
American currency backed by gold. Their strategy was two-fold. First of all
cause a series of panics to try and convince the American people that only
centralized control of the money supply could provide economic stability. And
secondly, remove so much money from the system that most Americans would be so
desperately poor; that they either wouldn't care or would be too weak to oppose
the bankers.
In 1866, there was 1.8 billion dollars of currency in circulation
in the United States, about $50.46 per capita. In 1867 - half a billion was
removed , there was only 1.3 billion, or $44.00 per capita. In 1876 there was
only .6 billion or $14.60 per capita. In 1886, there was only .4 billion or
$6.70 per capita. Two-thirds, or 66.6% of America's money had been called in by
the bankers over the 20 year period.
Today, economists backing the system try to sell the idea
that recessions and depressions are a natural part of something they call
the”business cycle". The truth is, our money supply is manipulated now
just as it was before and after the Civil War.
How did this happen? How
did the money supply become so scarce?
Simple... Bank loans were called in and no new ones were given. In
addition silver coins were melted down.
In 1872, a man named Ernest Seyd was given 100,000 British pounds
(about $500,000 US at the time - a large amount in those days) by the Bank of
England and sent to America and bribe the necessary congressman to get silver
demonetized. He was told that if that amount wasn't sufficient to draw another
100,000 pounds or as much was necessary. The next year, congress passed the
Coinage Act of 1873 and the minting of silver dollars abruptly stopped. In
fact, Representative Samuel Hooper, who introduced the bill in the house,
acknowledged that Mr. Seyd actually drafted the legislation. But it gets even
worse than that! In 1874, Ernest Seyd
stated rather publicly:
“I went to America in the winter of 1872-73, authorized to secure,
if I could, the passage of a bill demonetizing silver. It was in the interest
of those I represented, the governors of the Bank of England - to have it done.
By 1873, gold coins were the only form of coin money.” - Ernest
Seyd, Lobbyist/Agent for the Bank of England
But the contest over control over America's money was not yet
over. Only three years later, in 1876, with 1/3 of America's workforce
unemployed, Americans were going restless. People were clamoring for a return
to the Greenback money system of President Lincoln or a return of silver money
- anything that would make money plentiful. That year, Congress created the
United States Silver Commission to understand the problem. That report clearly
blamed the monetary contraction on the national central bankers.
The report is interesting because it compared the deliberate money
contraction after the Civil War to the fall of the Roman Empire. The disaster
of the Dark Ages was caused by a decreasing money supply and falling prices.
Without a ready supply of money, civilization could not have had a beginning.
With a diminishing supply, it must languish and unless relieved, finally
perish.
“At the Christian era, the metallic money of the Roman Empire
amounted to 1,800,000,000. By the end of the Fifteenth Century it had shrunk to
less than 200,000,000. History records no other such disastrous transition as
that of the Roman Empire to the Dark Ages.” - United States Silver Commission of 1876
Congress took no action on the honestly written report.
The next year, in 1877, riots broke out from Pittsburgh to
Chicago. The torches of starving rioters lit up the sky. The bankers huddled to
decide what to do. They decided to hang on. Now that they were in control, they
were not about to give it up. At the meeting of the American Bankers
Association that year, they urged their membership to do everything in their
power to put down the notion of a return to Greenbacks. The American Bankers
Association (ABA) secretary, James Buelle, authored a letter to the members
which blatantly called on the banks to not only subvert the congress, but also
the press:
“It is advisable to do all in your power to sustain such prominent
daily and weekly newspapers especially. The agricultural and religious press as
well will oppose the Greenback issue of paper money. It is advisable that you will
also withhold patronage from all applicants who are not willing to oppose the
government issue of money.
To repeal the Act creating bank notes or to restore to circulation
the government issue of money will be to provide the people with money and will
therefore seriously affect our individuals profits as bankers and lenders!
See your Congressman at once and engage him to support our
interests that we may control legislation! “
- James Buel, American
Bankers Association
As political pressure mounted in congress for change, the press
tried to turn the American people from the truth. The New York Tribune put
it this way on January 10th, 1878: “The capital of the country is organized at
last, and we will see whether congress will dare to fly in its face.”
But it didn't work entirely, on Feb 28th, 1878, congress passed
the Sherman Law, allowing the minting of a limited number of silver dollars and
ending the 5 year hiatus. This did not end gold backing of the currency
however, nor did it completely free silver. Previously to 1873, anyone who
brought silver to the US mint could have had silver dollars stamped free of
charge. No more. But at least some money began to flow back into the economy
again. With no further threat to their control, the bankers loosened up on
loans and the post Civil War depression was finally ended.
Three years later, in 1881, the American people elected Republican
James Garfield for President. Garfield understood how the economy was being
manipulated. As a congressman, he had been chairman of the appropriations
committee. After his inauguration he slammed the money changers publicly in the
summer of his first year of his first term:
“Whoever controls the volume of money in any country is absolute
master of all industry and commerce. And when you realize that the entire
system is very easily controlled, one way or another, by a few powerful men at
the top, you will not have to be told how periods of inflation and depression
originate.”- President James Garfield
Unfortunately, within a few weeks of making this statement on July
2nd, 1881, President Garfield was assassinated.
Attempts to
Free-up Silver
The money changers were gathering strength fast. They began a
periodic fleecing of the flock as they called it, by creating economic booms
followed by further depressions, so they could buy up thousands of homes and
farms for pennies on the dollar.
In 1891, the money changers prepared to take the American economy
down again. Their methods and motives were laid out with shocking clarity in a
memo sent out by the American Bankers Association, the ABA. Notice that this
memo called for bankers to create a depression on a certain date three years
into the future. According to congressional record here is how it read in part:
“On September 1st, 1894, we will not renew our loans under any
consideration. On Sept 1st we will demand our money. We will foreclose and
become mortgages in possession. We can take two-thirds of the farms west of the
Mississippi and thousands of them east of the Mississippi as well, at our own
price. The farmers will become tenants
as in England.” - 1891, The American
Bankers Association to Member Banks
These depressions could be controlled because America was
on the gold money standard. Since gold is scarce, it is one of the easiest
commodities to manipulate. People wanted silver money legalized again so they
could escape the stranglehold the money changers had on gold money. People
simply wanted silver money reinstated, reversing Mr. Seyds act of 1873, by then
called the ”Crime of 1873".
By 1896, the issue of more silver money had become the central
issue in the presidential campaign. William Jennings Bryan, a senator from
Nebraska, ran for president as a democrat on the free silver issue. At the democratic
national convention in Chicago, he made an emotional speech which won him the
nomination. Though Bryan was only 36 years old at the time, this speech is
highly regarded as the most famous oration ever made before a political
convention. In the dramatic conclusion Bryan said:
“We will answer their demand for a gold standard by saying to
them: You shall not press down upon the brow of labor this crown of thorns, you
shall not crucify mankind upon a cross of gold.” - William Jennings Bryan, Senator from Nebraska
The central bankers lavishly supported the Republican candidate
William McKinley, who favored the gold standard. The resulting contest was
amongst the most fiercely contested presidential races in American history.
Bryan made over 600 speeches in 27 states. However, the McKinley campaign got
manufactures and industrialists to state to their employees: ' If Bryan were
elected, all factories would close and there would be no work! ' The ruse succeeded. McKinley beat Bryan by a
small margin.
Bryan ran again in 1900 and 1908 but fell short each time. During
the 1912 democratic convention, Bryan was a powerful figure who helped Woodrow
Wilson win the nomination. When Wilson became president he appointed Bryan as
his secretary of state. But Bryan soon become disenchanted with the Wilson
administration before resigning in 1915 over the highly suspicious sinking of
the Lusitania; the event that was used to drive America into World War I.
Although Williams Jennings Bryan never gained the presidency, his
efforts delayed the money changers for 17 years from attaining their next goal,
a new privately owned central bank for America.
JP Morgan and
the Crash of 1907
Now it was time for the moneychangers to get back to the business
of a new private central bank for America. During the early 1900s, men like JP
Morgan led the charge. One final panic would be necessary to focus national
attention on the supposed need for a central bank. The rationale was now 'that
only a central bank can prevent bank failures'.
Morgan was clearly the most powerful banker in America and a
suspected agent for the Rothschilds. Morgan had helped finance the John D.
Rockefeller’s Standard Oil Empire. He had also helped finance the monopolies of
Eduard Harriman in railroads, of Andrew Carnegie in steel, and others in
numerous industries. But on top of that, JP Morgan's father, Junius Morgan, had
been America's financial agent to the British. After his father's death, JP
Morgan took on a British partner, Edward Grenfeld, a long time director of the
Bank of England. In fact, upon Morgan's death, his estate contained only a few
million dollars. The bulk of securities many had thought he had owned were in
fact owned by others.
In 1902, President Theodore Roosevelt, allegedly went after Morgan
and his friends by using the Sherman Anti-Trust Act to try and break up their
industrial monopolies. Actually Roosevelt did very little to interfere with the
growing monopolization of American industry by the bankers and their
surrogates. For example, Roosevelt supposedly broke up the Standard Oil
monopoly - but it wasn't really broken at all. The octopus was merely divided
into 7 different corporations all still controlled by the Rockefellers.
The public was aware of this thanks to political cartoonists who
referred to the bankers as the “money trust". By 1907, the year after
Teddy Roosevelt's re-election, Morgan decided it was time to try for a central
bank again. Using their combined financial muscle, Morgan and his friends were
secretly able to crash the stock market. Thousands of small banks were vastly
overextended; some had reserves of less than 1% thanks to the fractional reserve principle. Within
days bank runs were commonplace across the nation.
Now Morgan stepped into the public arena and offered to prop up
the faltering American economy by supporting failing banks with money he
manufactured out of nothing. It was an outrageous proposal, far worse than
fractional reserve banking, but congress let him do it. Morgan manufactured 200
million dollars worth of this completely reserveless private money. He bought
things with it, paid for services with it, and sent some of it to branch banks
to lend out at interest. However, his plan worked. Soon, the public regained
confidence in money in general and quit hoarding their currency. But as a
result banking power was further consolidated into the hands of a few large
banks. By the 1908 the panic was over, and Morgan was hailed as a hero by the
president of Princeton University, a man by the name of Woodrow Wilson.
“All this trouble could be averted if we appointed a committee of
six or seven public spirited men like JP Morgan to handle the affairs of our
country. “ - Woodrow Wilson, Prior To
His Presidency
Economics textbooks would later explain that the creation of the
Federal Reserve system was the direct result of the Panic of 1907: “With its
alarming epidemic of bank failures, the country was eventually fed up once and
for all with the anarchy of private banking.”
But Minnesota Charles A. Lindbergh Sr. (the father of 'Lucky
Lindy') explained that the Panic of 1907 was just a scam:
"Those not favorable to the money trust could be squeezed out
of business and the people frightened into demanding changes in the banking and
currency laws - which the money trust would frame.” -
Representative Charles A. Lindbergh Sr. (R-MN)
Since the National Banking Act of 1863, the moneychangers had been
able to create a series of booms and busts. The principle purpose was not only
to fleece America's public of their property, but to later claim that the
banking system was basically so unstable that it had to be consolidated into a
central bank once again.
"The
Creature” from Jekyll Island
After the crash, Teddy Roosevelt, in response to the Panic of
1907, signed into law something called the National Monetary Commission. The
commission was to study the banking problem and make recommendations to
congress. Of course the commission was packed with JP Morgan's friends and
cronies.
The chairman was a man named Nelson Aldrich from Rhode Island.
Aldrich represented the Newport, Rhode Island, homes of America's richest
banking families. His daughter married John. D. Rockefeller Jr, and together
they had five sons: John, Nelson - who would become vice-president in 1974,
Lawrence, Winthrop, and David, the current head of the Council on Foreign
Relations and former chairman of the Chase Manhattan Bank.
As soon as the National Monetary Commission was set up, Senator
Aldrich immediately embarked on a two-year tour of Europe where he consulted at
length with the private central bankers in England, France, and Germany... the
total cost of the trip alone to the taxpayers was $300,000 dollars, an
astronomical sum in those days. Shortly after his return on the evening of
November 2, 1910 some of the wealthiest and most powerful men in America
boarded senator Aldrich's private railcar, and in the strictest secrecy,
journeyed to this place, Jekyll Island, off the coast of Georgia. With the
group, came Paul Warburg.
“We will have a world government whether you like it or
not. The only question is whether that government will be achieved by conquest
or consent.”- Paul Warburg, Jewish Banker, February 17, 1950, as he
testified before the U.S. Senate
Warburg had been given a 500,000 per year salary to lobby for the
passage of a privately owned central bank in America by the investment firm,
Kuhn Loeb & Company. Warburg's partner in the firm, was a man named Jacob
Shiff, the grandson of the man who shared the 'GreenShield' house of the
Rothschild family in Frankfurt. Jacob Shiff, as found out later, was in the
process of spending 20 million dollars to finance the overthrow of the Czar in
Russia.
These three European banking families: The Rothschilds, the
Warburgs, and the Shiffs were interconnected by marriage down through the
years, just as their American banking counterparts: the Morgans, Rockefellers,
and Aldrich's were. Secrecy was so tight, that all seven primary participants
were cautioned to only use first names
to prevent servants from learning their identifies.
Years later, one participant, Frank Vanderlip, president of
National City Bank of New York, and a representative of the Rockefeller family,
confirmed the Rockefeller trip, in a Feb 9th, 1935 edition of the Saturday
Evening Post:
“I was as secretive - indeed, as furtive -
as any conspirator... Discovery, we knew, simply must not happen, or else all
our time and effort would be wasted. If it were to be exposed that our
particular group had got together and written a banking bill, that bill would
have no chance whatsoever of passage by Congress.”- Frank Vanderlip, Chairman of the National City Bank of New York
The participants came here to figure out how to solve their major
problem, how to bring back a privately owned central bank, but there
were other problems that needed to be addressed as well. First of all the
market share of the big national banks was shrinking fast. By 1913, only 29% of
all banks were national banks, and they held only 57% of all deposits.
As John D. Rockefeller stated: “Competition is sin".
Therefore, something had to be done to bring these new banks under their control.
Secondly the nation's economy was so strong, that corporations were starting to
finance their expansions out of profits instead of taking out huge loans from
large banks. In the first ten years of the new century, 70% of corporate
funding came from profits. In other words, American industry was becoming
independent of the moneychangers - and that trend had to be stopped.
All the conspirators at Jekyll Island knew that these problems
could be hammered out into a workable solution. But perhaps their biggest
problem was a public relations problem - the name of the new bank. That
discussion took place in a conference room at the Jekyll Island club hotel.
Aldrich believed the word ”Bank” should not even appear in the name. Paul
Warburg wanted to call the legislation the “National Reserve Bill” or the
“Federal Reserve Bill". The idea
here was to give the impression that the purpose of the new central bank was to
stop bank runs, but also to conceal its monopoly character. However it was the
egotistical Aldrich that the insisted the bill be called the “Aldrich
Bill".
After 9 days at Jekyll Island, the group dispersed. The new
central bank would be very similar to the Old Bank of the United States. It
would be given a monopoly over the currency of the United States, and it would
create that money out of nothing.
“Before passage of this Act, the New York Bankers could only
dominate the reserves of New York. Now, we are able to dominate the bank
reserves of the entire country. “- Senator
Nelson Aldrich
How does “The Fed” create money out of nothing?
It is a four-step process.
First a word on bonds. Bonds are simply promises to pay later or
'government IOUs'. People buy bonds to get a secure rate of interest. At the
end of the term of the bond, the government repays the bond amount plus
interest and the bond is destroyed.
There are about 5 trillion of these loans or bonds outstanding at
present. This is where the national debt comes from. This is equivalent to a
national debt of about $30,000 per capita in the United States. Paying off the
debt would nearly destroy the entire net worth of all the citizenry of the
middle and lower classes in America: precisely the plan. If it were ever
allowed to get that far, America would be completely owned by the upper class,
or elite - which happens to be their plan for their “New World Order”.
Now here is the Fed moneymaking process:
1. The Federal
Open Market Committee approves the purchase of US bonds from the open market.
2. Bonds are purchased
by “The Fed” by whoever is offering them for sale on the open market.
3. The Fed pays
for the bonds with electronic credits to the seller's banks, which are used to
credit the borrower's account. These credits are based on nothing; “The Fed” just
creates them.
4. The banks use
these deposits as reserves. They are allowed
to loan out over TEN times the amount of their reserves to new borrowers and
charge interest on it!
In this way, the Fed purchases say 1 million dollars worth of
bonds. These bonds get turned into 10 million dollars in bank accounts. The Fed in effect, creates 10% of the totally new money - and the banks create
the other 90% out of nothing.
To reduce the amount of money in the economy, the process is
simply reversed. The Fed sells bonds to the public. The money flows out of the
purchaser's bank. The total outstanding loan amount must then be reduced by 10
times the amount of the sale. So a Fed sale of a million dollars in bonds
results in 10 million dollars less money in the American economy.
So how does this benefit the bankers whose representatives
secretly huddled at Jekyll Island?
1st - It totally
misdirected banking reform efforts from proper solutions.
2nd - It prevented
a proper (or constitutional) system of debt-free government finance such as
Lincoln's Greenbacks from making a comeback. The bond-based system of
government finance forced on Lincoln after he created the issue of Greenbacks
was not cast in stone. Now it would be.
3rd - It
delegated to the bankers the right to create 90% of our money supply, based
on fractional reserve lending, of which they lend out at interest.
4th - It
centralized overall control of the nation's money supply in the hands of a few
men.
5th - It
established a central bank with a high degree of independence from effective
political control. This independence has been enhanced since then through the
framing of additional laws since.
In order to fool the public into thinking the government-retained
control, the plan called for the Fed to be run by a board of governors
appointed by the president and approved by the senate. But all the bankers
had to do is assure that their men were appointed to the board of governors.
That wasn't hard, bankers have money and money buys influence over politicians.
Once the participants left Jekyll Island, the public relations blitz was on!
The big New York banks put together an 'education fund' of 5
million dollars to finance professors at respected universities to endorse the
new bank. Woodrow Wilson of Princeton University was one of the first to jump
on the bandwagon.
But the bankers subterfuge didn't work. The Aldrich Bill was
quickly identified as the “Banker’s Bill", a bill that was only going to
empower the money-trust, not the people of the country.
Here is what Senator Charles Lindbergh Sr. had to say about it:
“The Aldrich Plan is the Wall Street Plan. It means another panic,
if necessary, to intimidate the people. Aldrich, paid by the government to
represent the people, proposes a plan for the trusts instead.” - Charles A. Lindbergh (R-MN)
Seeing that they didn't have the votes to win in Congress, the
republican leadership never brought the Aldrich bill to a vote.
The bankers quietly decided to invoke their backup strategy - the
Democratic alternative. They began financing Woodrow Wilson as the Democratic
nominee. As respected historian James Perloff put it, Wall Street financier
Bernard Baruch was put in charge of Wilson's education.
“Baruch brought Wilson to the Democratic Party Headquarters in New
York in 1912, 'leading him like one
would a poodle on a string.' Wilson
received an indoctrination course from the leaders convened there.”- James Perloff, Renowned Historian
“If there are men in this country big enough to own the
government of the United States, they are going to own it.”- Woodrow Wilson,
presidential candidate, 1912 -The Nation magazine, July 3, 2000, p5
So now the stage was set. The moneychangers were poised to install
their privately owned central bank once again. The damage that President Andrew
Jackson did to the international bankers 76 years earlier had only been
partially repaired by the National Bank Act during the Civil War.
During the presidential campaign the democrats were careful to pretend to oppose the Aldrich bill. As
representative Louis T. McFadden, himself a democrat as well as the chairman of
the House Banking and Currency Committee, explained it 20 years after the fact:
“The Aldrich bill was condemned in the platform. When Woodrow
Wilson was nominated, the men who ruled the Democratic party promised the
people that if the democratic party was returned to power, there would be no
central bank established in America while they held the reins of government. Thirteen
months later that promise was broken. The Wilson administration under the
tutelage of these sinister Wall Street figures who stood behind Colonel House,
established here in our country the worm-eaten monarchical institution of the
King's bank, to control us from the top downward and to shackle us from the
cradle to the grave.”- Louis T.
McFadden, Chairman of the House Banking and Currency Committee
Once Wilson was elected, Morgan, Warburg, Baruch, and company
advanced a new plan which Warburg named the Federal Reserve System. The
democratic leadership hailed the new bill, the Glass-Owen bill, as something
radically different from the Aldrich bill. But in fact, the bill was virtually
identical in every important detail.
In fact, so vehement were the Democratic denials of similarity
that Paul Warburg, the father of both bills, had to step in to reassure his
paid friends in congress that the two bills were virtually identical.
“Brushing aside the external differences affecting the 'shells' we
find the 'kernels' of the two systems very closely resembling and related to
one another.”- Paul Warburg,
Moneychanger
But that admission was for private consumption only.
Publicly the money trust trotted out Senator Aldrich and Frank
Vanderlip, the president of Rockefeller's National City Bank of New York and
one of the Jekyll Island 7, to oppose the new Federal Reserve System. Years
later however, Vanderlip admitted in the Saturday Evening Post that the two
measures were virtually identical:
“Although the Aldrich Federal Reserve plan was defeated when it
bore the name Aldrich, nevertheless its essential points were all contained in
the plan that finally was adopted.”-
Frank Vanderlip, Bank President of New York's City Bank and Jekyll Island
Conspirator
As congress neared a vote, they called Ohio attorney Alfred
Crozier. He noted the similarities between the Aldrich bill and the Glass-Owen
bill:
“The bill grants just what Wall Street and the big banks for
twenty-five have been striving for - private rather than public control of the
currency and the bill does this completely as the Aldrich Bill. Both measures
rob the government and the people of all effective control over the public's
money and vests in the banks exclusively the dangerous power to make money
among the people scarce of plenty.”- Alfred Crozier, Distinguished Attorney
During the debate on the measure senators complained that the big
banks were using their financial muscle to influence its outcome. “There are
bankers of the country that are enemies of the public welfare!” announced one
senator. What an understatement! Despite
the charges of deceit and corruption, the bill was finally snuck through the
senate after most senators have left for the holidays - after they had been
previously assured by the leadership that nothing would be done until long
after the Christmas recess.
On the day the bill was passed, Congressman Lindbergh
prophetically warned his countrymen that:
“This Act establishes the most gigantic trust on Earth.
When the President signs this bill, the invisible government by the monetary
power will be legalized. The people may not know it immediately, but the day
of reckoning is only a few years removed. The worst legislative crime of
the ages is perpetrated by this banking bill.”- Charles A. Lindbergh Sr. (R-MN)
On top of all this, only weeks earlier congress passed a
bill legalizing income tax. (THE IRS)
Why was the income tax law important to the
moneychangers?
Because bankers finally had in place a system that would run up a
virtually unlimited Federal debt. How would the interest be repaid - never mind
the principle? Remember, a privately
owned central bank creates the principle out of nothing. The Federal
government was small then; up to then, it had subsisted on tariffs and excise
taxes.
Now, just as with the Bank of England, the interest payments
had to be guaranteed by the direct taxation of the people. They had to tax the people directly. The
money changers knew that if they had to rely on contributions from the states,
eventually the individual state legislatures would revolt and either refuse to
pay the interest on their own money or at least bring political pressure to
bear to keep the debt small.
It is interesting to note that in 1895, that the Supreme Court had
found that a similar income tax law to be unconstitutional. The Supreme
Court even found a corporate income tax law unconstitutional in 1909. As a
result, senator Aldrich hustled a
bill to allow for an income tax through the congress.
The proposed 16th Amendment to the constitution was then sent to
the individual state legislatures for approval. But some critics claim that the
16th Amendment was never ratified by the necessary 3/4 of the states. In other
words, the 16th Amendment may not be legal. But the moneychangers were
in no mood to debate the fine points.
By October of 1913, Senator Aldrich had hustled their income tax
bill through congress. Without the power to tax the people directly and bypass
the states, the Federal Reserve bill would be far less useful to those who
wanted to drive America deeply into their debt.
A year after the passage of the Federal Reserve Bill, Congressman
Lindbergh explained how the Fed created what we have come to call 'the business
cycle' and use it to their advantage:
“To cause high prices, the Federal Reserve Board will lower the
rediscount rate, producing an expansion of credit and a rising stock market,
then when businessmen are adjusted to these conditions, it can check prosperity
in mid-career by arbitrarily raising the rate of interest.
It can cause the pendulum of a rising and falling market to swing
gently back and forth by slight changes in the discount rate, or cause violent
fluctuations by a greater rate variation, and in either case it will possess
inside information as to the financial condition and advance knowledge of the
coming change, either up or down.
This is the strangest and most dangerous advantage ever
placed in the hands of a special privileged class by any government that ever
existed. This system is private, conducted for the sole purpose of
obtaining the greatest possible profits from the use of other people's money.
They know in advance when to create panics to their advantage.
They also know when to stop the panic. Inflation and deflation work equally
well for them when they control finance...” - Senator Charles Lindbergh (R-MN)
Congressman Lindbergh was correct on most points. What he didn't
realize was that most European nations had already fallen prey to the central
bankers decades or centuries earlier.
He also mentioned the interesting fact, only one year later, that
the Fed had cornered the market in gold. This is how he put it:
“Already the Fed has cornered the gold and gold certificates.”- Senator Charles Lindbergh (R-MN)
But Congressman Lindbergh was not the only critic of the Federal
Reserve. Congressman Louis T. McFadden, the chairman of the House Banking and
Currency Committee from 1920 to 1931 remarked that the Federal Reserve Act
brought out:
“A super-state controlled by international bankers and
international industrialists acting together to enslave the world for their own
pleasure.”- Representative Louis T.
McFadden (D-PA), chairman of the House Banking and Currency Committee 1920-1931
Notice how McFadden saw the international character of the
stockholders of the Federal Reserve.
Another chairman of the house Banking and Currency Committee,
Wright Pattman from Texas, in the 1960s put it this way:
“In the United Sates today we have in effect two governments. We
have a duly constituted government, then we have an independent, uncontrolled,
and uncoordinated government in the Federal Reserve System, operating the money
powers which are reserved to congress by the constitution.”- Wright Pattman, Former Chairman of the House Banking and Currency
Committee
Even the inventor of the electric light, Thomas Edison, joined the
fray in criticizing the system of the Federal Reserve:
“If our nation can issue a dollar bond, it can issue a dollar
bill. The element that makes the bond good makes the bill good also. The
difference between the bond and the bill is the bond lets money brokers collect
twice the amount of the bond and an additional 20%; where as the currency
pays nobody but those who contribute directly in some useful way.
“It is absurd to say that our country can issue 30 million in
bonds and not 30 million in currency. Both are promises to pay, but one promise
fattens the usurers and the other helps the people.”- Thomas A. Edison, Intelligent Thinker
Three years after the passage of the Federal Reserve Act, even
president Wilson began to have second thoughts on what he helped unleash during
his second term in office:
“We have come to be one of the worst ruled, one of the most
completely controlled governments in the civilized world - no longer a
government of free opinion, of free press, no longer a government by the vote
of the majority, but a government by the opinion and duress of a dominant group
of men.
“Some of the biggest men in the United States, in the field of
commerce and manufacture, are afraid of something. They know that there is a
power somewhere so organized, so subtle, so watchful, so interlocked, so
complete, so pervasive, that they had better not speak above their breath when
they speak in condemnation of it.”-
Woodrow Wilson, Remorseful Puppet President
Before his death in 1924, Wilson fully realized the extent of
damage he had done, when he confessed:
“I have unwittingly ruined my government.”- Woodrow Wilson, Remorseful Puppet President
So finally again, the moneychangers, those who manipulate the
amount of money in circulation, have their own privately owned central bank
installed again in America.
The major newspapers, which they also owned, hailed passage of the
Federal Reserve Act of 1913:
“Now depressions could be scientifically prevented!”- News Headline
The fact of the
matter is that depressions could be scientifically created!
World War I
Power was now centralized to a tremendous extent. Now it
was time for a war, a very big war, in fact, the First World War.
Of course the political issues of war do not matter as much as the
profit potential - and nothing creates debts like warfare. England was the best
example at that time. During the 119-year period between the founding of the
Bank of England and Napoleon’s defeat at Waterloo, England had been at war for
56 years and much of that remaining time she had been preparing for war.
In World War I, the German Rothschilds loaned money to the
Germans. The British Rothschilds loaned money to the British. The French
Rothschilds loaned money to the French. In America, JP Morgan was a sales agent
for war materials to both the British and the French!
In fact, 6 months into the war Morgan becomes the largest consumer
on Earth, spending on the average in excess ten million dollars per day. His
offices at 23 Wall Street were mobbed by brokers and salesmen trying to cut a
deal. In fact, it got so bad, that guards were posted at every door and at the
bankers’ homes as well. Many New York bankers made out well from the war as
well. Both Baruch and the Rockefellers profited over 200+ million dollars
during the war. President Wilson then appointed Bernard Baruch to head the war
industries board.
But profits were not the only motive, there was also revenge. The
moneychangers never forgave the Czar of Russia for their support of Lincoln
during the Civil War. Also, Russia was the last major European nation to refuse
to give into the privately owned central bank scheme.
Three years after World War I broke out the Russian revolution toppled
the Czar and installed the scourge of Communism. Jacob Shiff of Kuhn
Loeb & Company bragged from his deathbed that he had spent 20 million
dollars to help topple the Czar. Money was funneled from England to support the
revolution as well.
Why would some of the richest men of the world financially
back Communism? Communism: The
system that was openly vowing to destroy the so-called Capitalism that made
them so wealthy?
Researcher Gary Allen put it this way:
“If one understands that socialism is not a share-the-wealth
program, but in reality a method to confiscate and control the wealth, then the
seeming paradox of super-rich men promoting socialism becomes no paradox at
all. Instead it becomes logical, even the perfect tool of power-seeking megalomaniac.
Communism, or more accurately, socialism, is not a movement of the downtrodden
masses, but of the economic elite.”-
Gary Allen, Renowned Historical Researcher
As W. Cleon Skousen put it in his 1970 book, The Naked Capitalist:
“Power from any source tends to create an appetite for additional
power. It was almost inevitable that the super-rich would one day aspire to not
only control their own wealth, but the wealth of the whole world.
To achieve this, they were perfectly willing to feed the ambitions
of the power-hungry political conspirators who were committed to the overthrow
of all existing governments and the establishment of a central world-wide
dictatorship.”- W. Cleon Skousend, Renowned Historian
But what if these revolutionaries get out of control and try to
seize power from the super rich? After
all it was Mao Tse Tung who in 1938 stated his position concerning power,
“Political power grows out of the barrel of a gun!”
The Wall Street/London axis elected to take the risk. The master
planners attempted to control revolutionary communist groups by feeding them
vast quantities of money when they obeyed, and contract their money supply or
even financing their opposition when they got out of control.
Lenin began to understand that although he was the absolute
dictator of the new Soviet Union, he was not pulling the financial strings,
someone else was silently in control:
“The state does not function as we desired. The car does not obey.
A man is at the wheel and seems to lead it, but the car does not drive in the
desired direction, it moves as another force wishes.”- Vladimir Lenin, Former Dictator of the Soviet Union
Who was behind it?
Representative Louis T. McFadden, the chairman of the House Banking and
Currency Committee during the 1920s and into the great depression years of the
1930s stated it this way:
“The course of Russian history has indeed been greatly affected by
the operations of the international bankers. The Soviet government has been
given United States Treasury funds by the Federal Reserve board acting through
the Chase Bank.
England has drawn money from us through the Federal Reserve banks
and re-lent it at high rates of interest to the Soviet Government. The
Dnieperstory Dam was built with funds of unlawfully taken from the United
States Treasury by the corrupt and dishonest Federal Reserve board and their
Federal Reserve banks.”- Louis McFadden
(D-PA)
In other words, “The Fed” and the Bank of England, at the behest
of the international bankers that control them were creating a monster; one
that would fuel 7 decades of unprecedented communist revolution, warfare, and
most importantly, debt for the moneychangers to charge interest on and
collect.
In case you think there is some chance that the moneychangers got
communism going but lost control:
In 1992, the Washington Times reported Russian President Boris
Yeltzin was upset that most of the incoming foreign aid was being “siphoned off
straight back into the coffers of Western banks in debt service.”
No one in his right mind would claim that a war as large as WW I
had a single cause. Wars are complex things with many causative factors.
However it would be equally foolish to ignore as a prime cause of WW I those who
have profited most from the war.
The role of the money changers is no wild conspiracy theory. They had a
motive, a short-range self-serving motive, as well as a long-range political
motive of advancing totalitarian governments with the moneychangers
maintaining the financial clout to control whatever politician might emerge as
the leader.
Next, we will see what the moneychangers’ ultimate
political goal is for the world.
The Great
Depression
Shortly after WW I the overall political agenda of the moneychangers
began to be clear. Now that they control national economies individually, the
next step was the ultimate form of consolidation - World Government.
The new world government proposal was given top priority at the
Paris Peace Conference after WW I. It was called the “League of Nations".
But much to the surprise of Paul Warburg and Bernard Baruch, the
world was still not ready to dissolve national boundaries. Nationalism still
beat strong in the human breast. For example, Lord Kerzon, the British foreign
secretary, called the League of Nations a “good joke” even though it was the
stated policy of the British government to support the League.
To the humiliation of President Wilson, the US congress would not
ratify the league either. Despite the fact that it had been ratified by many
other nations, without money flowing from the US treasury the League of Nations
died.
After WW I the American public had grown tired of the
internationalist policies of democrat Woodrow Wilson. In the presidential election
of 1920, Republican Warren Harding won a landslide victory with over 60% of the
people casting their votes.
Harding was an ardent foe of both Bolshevism and the League of
Nations. His reelection opened a 12-year run of Republican presidents in the White
House lead to an unprecedented era of prosperity known as the “Roaring 20's”.
Despite the fact that the war had brought America a debt 10 times
larger than its Civil War debt, still the American economy surged. Gold had
poured into the country after the war and it continued to do so afterwards.
In the early 1920s, the governor of the Federal Reserve Bank of
New York, a man named Benjamin Strong, met frequently with the secretive and
eccentric governor of the Bank of England, Montegue Norman. Norman was
determined to replace the gold that England had lost to the US during WW I and
return the Bank of England to its former position of dominance in world
finance.
On top of that, rich with gold, the American economy might get out
of control again as it did after the Civil War. During the next 8 years, under
the presidencies of Harding and Coolidge, the huge federal debt built up during
WW I was cut by 38% down to 16 billion dollars - the greatest percentage drop
in US history.
During the election of 1920, Warren Harding and Calvin Coolidge
ran against James Cox, the governor of Ohio, and the little known Franklin D.
Roosevelt, who had previously risen to no higher post than Wilson's secretary
of the navy.
After his inauguration, Harding moved quickly to formally kill the
League of Nations. Then he quickly moved to reduce domestic taxes while raising
tariffs to record heights. Now this was a revenue policy that most of the
founding fathers would have approved of.
His second year in office, Harding took ill on a train trip in the
west and he suddenly died. Although no autopsy was performed, the cause was
said to be either “pneumonia” or ”food poising”.
&nb