Monthly Archives: February, 2009

US, UK, Eurozone Banks Face Collapse: Global Banking System Insolvent

Source: The Market Oracle.co.uk, Feb 16, 2009
By: MichaelShedlock.com. © 2009 Mike Shedlock, All Rights Reserved
With all the hype from various US dollar bears about the crisis with US banks, few on this side of the Atlantic are paying any attention to happenings in Europe. For those who look, a strong case can be made that European banks are as bad off if not much worse off than their US counterparts.euro sinking

“The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point” says Ambrose Evans-Pritchard in Failure to save East Europe will lead to worldwide meltdown .

Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region’s GDP. Good luck. The credit window has slammed shut.

Not even Russia can easily cover the $500bn dollar debts of its oligarchs while oil remains near $33 a barrel. The budget is based on Urals crude at $95. Russia has bled 36pc of its foreign reserves since August defending the rouble.

“This is the largest run on a currency in history,” said Mr Jen.

In Poland, 60pc of mortgages are in Swiss francs. The zloty has just halved against the franc. Hungary, the Balkans, the Baltics, and Ukraine are all suffering variants of this story. As an act of collective folly – by lenders and borrowers – it matches America’s sub-prime debacle. There is a crucial difference, however. European banks are on the hook for both. US banks are not.

Almost all East bloc debts are owed to West Europe, especially Austrian, Swedish, Greek, Italian, and Belgian banks. En plus, Europeans account for an astonishing 74pc of the entire $4.9 trillion portfolio of loans to emerging markets.

They are five times more exposed to this latest bust than American or Japanese banks, and they are 50pc more leveraged (IMF data).

Spain is up to its neck in Latin America, which has belatedly joined the slump (Mexico’s car output fell 51pc in January, and Brazil lost 650,000 jobs in one month). Britain and Switzerland are up to their necks in Asia.

Whether it takes months, or just weeks, the world is going to discover that Europe’s financial system is sunk, and that there is no EU Federal Reserve yet ready to act as a lender of last resort or to flood the markets with emergency stimulus.euro sinking

East Europe that is blowing up right now. Erik Berglof, EBRD’s chief economist, told me the region may need €400bn in help to cover loans and prop up the credit system.

Europe’s governments are making matters worse. Some are pressuring their banks to pull back, undercutting subsidiaries in East Europe. Athens has ordered Greek banks to pull out of the Balkans.

The sums needed are beyond the limits of the IMF, which has already bailed out Hungary, Ukraine, Latvia, Belarus, Iceland, and Pakistan – and Turkey next – and is fast exhausting its own $200bn (€155bn) reserve. We are nearing the point where the IMF may have to print money for the world, using arcane powers to issue Special Drawing Rights.

Its $16bn rescue of Ukraine has unravelled. The country – facing a 12pc contraction in GDP after the collapse of steel prices – is hurtling towards default, leaving Unicredit, Raffeisen and ING in the lurch. Pakistan wants another $7.6bn. Latvia’s central bank governor has declared his economy “clinically dead” after it shrank 10.5pc in the fourth quarter. Protesters have smashed the treasury and stormed parliament.

Somehow the myth persists that the Euro will be the world’s reserve currency. The “somehow” usually stems from those who believe in the tooth fairy and global decoupling while staring straight into a magic mirror that only highlights the problems in the US. Here is a better question….

Can The Euro Survive?
John Mauldin explores that question in his latest Outside The Box: Can The Euro Survive? Milton Friedman famously predicted that the euro would not last past their first economic crisis. This week we look at commentary by Niels Jensen that explores the news from Euroland. Can the euro survive? He explores a number of options which are most definitely not on the radar screen for most investors. It is good to get a perspective from those outside of our own back yard. Note that when he says “our country” he is referring to Great Britain.euro sinking

Do BRICs (and Germans) Eat PIGS?
When the euro was introduced about ten years ago, the pessimists didn’t give it much chance of reaching its tenth anniversary. The euro, or so the argument went, was doomed from the outset because of the wide spread in economic performance and discipline amongst the member countries. At one end you had, and still have, the highly disciplined, but also slow growing, economies of Germany and the Netherlands. At the other end you find the faster growing but poorly disciplined countries such as Spain and Greece. As icing on the cake, you also had, and still have, countries that lack in both departments, such as Italy, making it difficult for the union to ‘gel’ – well, according to sceptics.

What they [the sceptics] failed to realise was that Europe, together with the rest of the world, was about to enter a period of unprecedented prosperity. The good times would not only gloss over the deeper problems, but the euro would actually go from strength to strength to a point where it now threatens to unseat the US dollar as the premier reserve currency of the world. It is therefore perhaps a mystery to some of you, why one should question the longer term viability of the euro. That is nevertheless what I intend to do.

The problem, as I have already alluded to, is poor discipline amongst several of the member states. Ever heard of the four PIGS? This less than flattering acronym stands for Portugal, Italy, Greece and Spain, four members of the euro zone which are all in much deeper trouble than they are prepared to admit.

Let’s take a closer look at the unit labour cost index for various countries

Since the introduction of the euro, the PIGS have failed miserably to keep up with Germany on this measure of competitiveness. So has Ireland by the way, hence its current predicament.

Another issue, which is potentially even more destabilising for the euro longer term, is the massive liabilities facing Europe as its population ages.

Greece is clearly facing the biggest challenge. Public debt, which currently stands at about 95% of GDP, will grow to a whopping 555% of GDP by 2050 if the current pension and social security programme is left unchanged. The Greek government is painfully aware of this and have been working on several new initiatives. It was the passing of one of those new laws which caused the riots in Athens before Christmas.

A third problem facing Europe is the sheer scale of the banking crisis. Although this is not just a European problem, European countries are probably worse off than the US because a larger part of European debt has to be financed externally. As you can see from chart 1, more than $2 trillion of European and U.S. bank debt needs to be re-financed before the end of next year. Unless there is a material improvement in market conditions, re-financing at such a massive scale is simply not doable.

Kenneth Rogoff and Carmen Reinhart published a research paper about a month ago which should be mandatory reading for all investors2. They have studied every single banking crisis of the past 100 years and reach some rather unsettling conclusions. As they point out: “Broadly speaking, financial crises are protracted affairs”.

Following a banking crisis, asset prices fall more and for longer than most investors realise. So do output and unemployment. Most importantly, though, the real value of government debt explodes but not for the reasons you might think. Yes, the bailout costs are significant, but the main driver of rising government debt is actually the subsequent collapse of tax income. [Mish note: See article for charts]

So, when we are told that the bailout cost, although large, is still manageable, it is only half the story. The loss of tax revenue is another nail in the coffin and could lead to a dramatic – and unpredicted – rise in public debt. Have you heard any mention of that from your government?

In Frankfurt, the ‘eurocrats’ are currently congratulating themselves that they, through strict monetary discipline, killed inflation in the aftermath of last year’s explosion in commodity prices. The reality, however, is that the credit crunch killed inflation – they didn’t – and Europe is now at a junction where even the smallest policy mistake could be very expensive indeed.

So, could all this lead to the destruction of the euro? Could the currency union actually break up? It is not that the risk to the PIGS has not been recognised by bond investors. As you can see from chart 3 below, investors in long dated Greek government bonds now earn about 2.5% more than they do by investing in correspondent German bunds.

PIGS Sovereign Debt Spreads over Germany

On the other hand, I may disappoint one or two readers (I will certainly disappoint Ambrose Evans-Pritchard of the Daily Telegraph who appears to have declared war on the euro), but I firmly believe that the euro will almost certainly survive the current crisis. I am much more worried about some of the member countries.

There is nothing in the Maastricht treaty which prevents a member country from leaving the euro, yet the decision to join is effectively irreversible. There are a number of reasons for this, the most important being economic costs. Take Italy which has a history of compensating for lost competitiveness through regular devaluations. If Berlusconi did the unthinkable tomorrow (sorry – nothing is unthinkable in Berlusconi’s world), Italy’s borrowing costs would explode. My guess is that bond investors would demand double digit returns on a Lira denominated bond to compensate for the dramatically increased devaluation risk. Already in a precarious fiscal position, Italy could quite simply not afford that.

So, if any country were to leave the euro, it would more likely be from a position of strength, and only one country possesses enough strength to pull that off in the current environment. That country is Germany. And, although the euro is not particularly popular in Germany, I believe it is extremely unlikely for Germany to make such a move unilaterally.

At the same time, the fact that the euro has saved the bacon of more than one country in recent months – Ireland being the most obvious example – should not be ignored. For this very reason, the euro membership is actually far more likely to grow than to shrink as a result of the financial and economic crisis engulfing the world. The issue the EU has to deal with is whether the new applicants should actually be welcomed. Most of those who would want to join will bring plenty of baggage.

Another possible outcome, which you hear almost no mention of, is the possibility of a new Transatlantic currency. When I mention this possibility, everyone laughs, but think about it for a second. The economic crisis on both sides of the Atlantic is enormous. Both are resorting to the same formulas – large fiscal stimulus and quantitative easing (a word invented by central bankers because ‘printing money’ smacks too much of Zimbabwe). There is a real risk that the entire financial and monetary system on either side of the pond needs to be re-designed. If that were to happen, I am pretty confident that the Fed and the ECB would at least sit down and discuss the possibility of a joint currency. That would also allow the UK to join a currency union without too much egg on its battered face.

In the short to medium term, though, there is no such bailout on the horizon. D-day is now firmly on the horizon. As I see things, it is not inconceivable that a member country could be forced to default on its sovereign debt.

Another, and more likely, outcome is the possibility of one or more member countries coming under EU administration. The recent crowd trouble in Greece could very well turn out to be the dry run for much bigger and more organised labour market unrest across Europe as reality begins to bite.

For the time being, though, European governments continue to be in denial. When the IMF recently recommended that Spain implement various structural reforms, the idea was flatly rejected by Prime Minister Zapatero. In the meantime, you can sit back and prepare for the drama to unfold. Very simplistically, it is a choice between Zimbabwe and Japan. Our central bankers can choose to monetize their way out of the current slump and run the risk of much higher interest rates and a rapidly deteriorating currency like Zimbabwe or they can show fiscal discipline and accept perhaps ten years of below par growth a la Japan. Or they can find the delicate balance in between the two and everyone will live happily thereafter. But that requires both skill and luck.

Those are long snips from a very long article that is worth a read in entirety. In aggregate, my take is that the Eurozone, the UK, and the US all face similar problems, and many countries are in far worse shape than the US. And while Italy is likely to do a lot of sabre rattling, none of the PIGS are apt to be so foolish as to leave the European Union.

However, there is going to be increasing pressure on Germany to bailout the other Eurozone countries yet there is no reason to think they will (or should) oblige.

Looking ahead, one of the consequences of the Mad Race to ZIRP (Zero Interest Rate Policy) is that if Japan, the UK, US, and EU are all have interest rates at zero, a big reason to enter carry various carry trades will blow up in smoke.

On the plate now is a meltdown possibility in US banks, UK banks, and Eurozone banks as the entire global banking system is insolvent. Conceivably a framework for a new transatlantic or even global currency could come out of such a meltdown.

However, it is impossible to agree to a solution when Central Bankers do not even understand the problem. The problem is micromanagement of interests rates and currencies by central bankers in conjunction with fractional reserve lending and deficit spending everywhere. Right now, president Obama, Bernanke, and nearly every politician and central bank in the world is focused on curing symptoms instead of curing the disease.

The Quigley Formula. The Conspiratorial View of History as Explained by the Conspirators Themselves

Carroll Quigley 1974 Rare Interview

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G Ed Griffin’s take on Carroll Quigley

Video: https://ugetube.com/watch/g-edward-griffin-explains-carroll-quigley-and-the-cfr_Ek5H92buoG7BFCi.html

 

TRANSCRIPT OF SPEECH G. EDWARD GRIFFIN November 2007

Edward Griffin

“Thank you ladies and gentlemen.

I have a little bit of a surprise for you all, probably a greater surprise for Peymon than anybody, and that is that I’m not going to talk about The Federal Reserve today. {laughter}

I gave a lot of thought to that. I could have, of course, but I have a feeling that most of you here — or many of you anyway — are pretty familiar with that topic. You’ve probably heard my recording or read my book and heard other speakers on this topic, and I thought, well, why should I go over something that is well known, except for reinforcement which of course always has value, when I could cover something entirely new and something which, in my opinion at least, is just as important as The Federal Reserve System and just as important as the fraudulent tax system, and a topic which generally doesn’t get much exposure. So I’m going to do that tonight, something a little different, and I hope you feel that it’s worthwhile. It’s not a bait and switch; it’s just a switch is all. {laughter}

So, let’s start. It was “Show and Tell” day at the first grade, and all of the little kids were asked to bring to class with them something that was interesting, something that was new, and something that they could describe and, of course, they all brought toys — most of them did anyway — but little Johnny brought a brand new kitten. Well you can imagine the kitten stole the show — much more interesting than a plastic toy, even those with lead paint on them. So they all started to look at the kitten and after awhile the question came up, “Was this a boy kitten or a girl kitten?” Was it a boy kitten or a girl kitten? Well, there was a lot of discussion on that and the group pretty well divided up half and half, and the discussion got very heated and finally the teacher interrupted and she said, “Students, is there anybody here that can describe to the class how you can tell the difference between a boy kitten and a girl kitten?” Silence fell across the room. No one had a clue. Finally, Johnny raised his hand and he said, “I know.” The teacher was very nervous at this and she said, “Well, okay Johnny. How can you tell?” He said, “My father tells me that we live in a democracy and I think we should vote on it.” {laughter}
G Ed Griffin

It’s true, isn’t it? You know right away that’s American school because we have been taught from the beginning that we do live in a democracy — we’ll talk about that word a little bit later — and in a democracy the majority should rule. The majority is always right and no matter what the issue is — in fact the more complex and the more important the issue is — the more necessary it is to submit it to a vote because the majority shall rule.

The purpose of my talk here tonight is to offer the idea that this — although it’s a cherished American tradition and in many other countries too, it is a dangerous tradition and in fact is being used against the common man to take away his freedom.

Now we’re going to travel through some strange and rough territory tonight, and the real title of my talk tonight is “The Quigley Formula,” and the subtitle rather explains it, which is “the Conspiratorial View of History as Explained by the Conspirators Themselves.” That’s my topic.

To begin, we should ask the question “Who is this man Quigley?” Carroll Quigley was a Professor of History at Georgetown University. He is deceased now, but he was teaching there at the time that our former President William Clinton was a student, and Clinton studied under Quigley. In fact, they became rather close I am told — so close that 27 years later when William Clinton received the nomination for President, in his nomination speech he mentioned Professional Quigley by name and paid homage to him and told how much of an influence Quigley had had on his own political thinking. After Clinton was elected President of the United States, in at least two other speeches that I have been able to discover, he did the same thing, he mentioned Quigley to his audience and paid homage to him.

Now, why is this significant? It is significant because Professor Quigley taught the conspiratorial view of history as explained by the conspirators themselves. Quigley was rather close to it if not a part of it. In his books which I’ll be describing in just a few moments, he said that he was very close to this group, he had studied their private papers for several years, he knew these people first hand — at least the ones that were living today — and he admired what they were doing. He said that his only objection to this conspiracy, as he described it, was that he felt that they should be public. He felt that it should not remain secret. He felt it was time now for them to come out in the open and take credit for all the great things that they had done. So Quigley was the rather official historian of the conspiracy and very proud to be that.

So when Clinton paid homage to Professor Carroll Quigley, it had a double meaning. For the average person who didn’t know who Quigley was or what his political views were, or what his specialty was, they thought, “Oh, how nice. Here’s President Clinton paying honor to a nice, kindly old professor who had a profound influence on his school years.” But for those who knew who Quigley was and what he wrote about and what he said and believed in, there was an entirely different embedded message that was to be delivered just to those few who knew. For those few, Clinton was saying, “I know about this conspiracy and I am now in its service.”

So what is this all about? First of all, we need to define this horrible word, conspiracy. A lot of people have a knee-jerk reaction to that. They talk about conspiracy theorists as though conspiracies weren’t real, and I feel sorry for these people because I know they have never read a history book because history is full of conspiracies. In fact, it’s hard to come up with a major event in history that wasn’t created to some large and significant extent by a conspiracy or more of them. Conspiracies are very real in history. They’re very real in our present day. If you doubt that just go to any courtroom and sit there and listen to the cases that come before the judge and before the jury, and a good percentage of them involve conspiracies of one kind or another. So when people talk about conspiracy theories, I have to laugh. It’s too bad they don’t know anything about history.

Nevertheless, the word does have some emotional overload to it, so let’s talk about it. What is a conspiracy? Most of the dictionaries define it rather straight forwardly. To be a conspiracy, there must be three elements present. First, there must be two or more people involved. The second element is that they are using deceit or force. And the third element is to accomplish an illegal or immoral objective. That’s a conspiracy. So the group that we’re going to be talking about today, as you’ve probably already guessed — you’re thinking ahead — they certainly involve two or more people, so that one is easy to check off. The second category, using deceit or force, is real easy to check off because these peoples are masters at deceit and certainly masters of coercion. It is part of the style that they have adopted and nobody challenges that. It’s the third element where we have somewhat of a debate. Is there goal illegal or immoral? Well, sometimes they engage in illegal activities because they really don’t care much about that, but for the most part — and their major operations are done entirely legally because, you see, many of these people write the laws. They contour the laws to force you and me to do what they want us to do, and if we resist we’re the ones that are acting in an illegal fashion.

Almost everything that this group is accomplishing is done entirely in accordance with the law. I can’t think of a better example than The Federal Reserve System. Sometimes I hear people say, “Well, they audit The Federal Reserve. Do you know that The Federal Reserve has never been officially audited by an independent agency?” I don’t care if it’s audited. I don’t want to audit The Federal Reserve. I want to abolish it. {applause} Because I know that if they were to audit it, they’d find that The Federal Reserve was doing exactly what it’s supposed to be doing according to the law. Everything is legal. They’re stealing your money and mine legally. So, you see, we’re coming back to this question of legality. So we cannot say that this group is doing things essentially illegal either, so that is a fact.

But now we deal to this question of moral. Is their goal moral or ethical? Well, you and I may not think so, but I’m here to tell you that these people do. They have their own set of values, their own ethics, their own morals, and ladies and gentlemen, they firmly believe — most of them — firmly believe that their goal is the highest morality, far higher than yours or mine. They are trying to build what they fondly call the New World Order, and to them this is high morality, and it’s the old Neanderthal throwbacks like you folks and me that insist on sovereignty and human dignity. We’re the ones that have mental problems or moral problems in their minds. They are pursuing the highest moral standards in accordance with their own convictions.

So if we rely on the traditional definition of a conspiracy, in their minds they are not involved in a conspiracy. However, in the minds of the rest of the people on this planet who have to live under the results of what they’re trying to do, I think the word conspiracy is a very adequate and appropriate word and that is the definition or the context in which I will be using it tonight.

Now Quigley described this conspiracy primarily in two books. Now I understand that he also lectured on it extensively and I’m sure that William Clinton kept extensive notes, but nevertheless, we don’t have to worry about his lectures or the possibility of notes because he published two books. Every detail that you could possibly wonder about is contained in those two volumes. The first one is called Tragedy and Hope and the other one is The Anglo-American Establishment. They are available. You can buy them on our website. You can go to Google and search for it, you can go to Amazon. These books are now available and I do urge you to read them. I have to warn you they’re dry reading and most of it is enough to put you to sleep because it’s dull history, but every once in awhile you’ll come across a passage that is so startling you’ll shake your head and say “Did he really say that?” and you’ll go back and read it and by golly, he really did say that. You really need to read these books.

For the purpose of our presentation here, I’d like to summarize what you will find. Now these will be my words. This is my best effort to summarize what Quigley was talking about and some others by the way, a few other people as well, and then having done that I will come back and give you some extensive quotations to show that my summary is accurate. Otherwise you may wonder that I’m perhaps exaggerating or leaving out some details. So here’s my summary:G Ed Griffin

* At the end of the 19th Century, a secret society was formed by Cecil Rhodes. Cecil Rhodes as all of you know, I’m sure, was one of the wealthiest men in the world. He was the political head man in South Africa, the chancellor I believe they called him, and while he was there he was able to acquire control over all of the diamond deposits and the gold deposits of South Africa — all of the mineral reserves, and in that period of time he amassed one of the greatest, if not, the greatest fortune in the world. What people don’t realize is that when he died, none of that money went to his heirs. Where did it go?

* It went through a series of seven wills to create a secret society. The purpose of the secret society was to create a structure that would literally control the world — from behind the scenes, in a fashion that the average man or woman would never see it or never suspect it even existed.

* The Rhodes Scholarship which most people know about was just the tip of the iceberg that created in one in one of the wills of Cecil Rhodes. The purpose of the Rhodes Scholarship was to provide a funnel or a recruiting mechanism to find the most appropriate, the most likely individuals — young men and women who could be recruited into this secret society. It should come as no surprise that William Clinton was a Rhodes Scholar. It fits perfectly into this scenario.

* This secret organization is not just of historical interest. It exists today and, according to Quigley and other observers who are close to it, it is the most important single historical force in the world since World War I. Now just think about that for a moment. Is it true? Well, we’ll cover a few facts and you judge it for yourself.

* The goal of the secret organization originally was to expand the British Empire and the men who were behind it — not necessarily the royalty, but the real political figures behind it, and I’ll mention some of their names in a moment — to extend the British Empire to control the world. Rhodes and his associates believed that the British had acquired the highest culture, the highest level of morality according at least to his definitions of morality, and the highest standard of living, the most perfect language. He felt that the race was superior and that for the benefit of the rest of the world, for their good, it was their responsibility — this group, using the British Empire — it was their responsibility to rule the world for the benefit of the world, of course. That was very carefully spelled out in their writings and their goals

* Now this evolved not too long after the organization was put into motion it changed. The goal changed. World domination didn’t change. Control from behind the scenes by a very small elect group didn’t change. But what did change is that the focal point for this was no longer the British or England, but it was to be a New World Order, international in scope and to be housed through an international organization of some kind. Initially they had hoped that it would be the League of Nations and all of their members worked very hard to create the League of Nations for that purpose. When that failed, then they set their sites on the United Nations, which finally was put into action and now is on a fast track to becoming the very structure which they had projected as their goal. And now, of course, the central of all of this instead of being in England is focused primarily in New York.

* Now the method by which this secret organization was to accomplish this incredible goal was not to be visible and not to go forth and influence the people directly. The people weren’t even supposed to suspect that such a thing was going on. The people were not even supposed to know the names primarily of the big players. They weren’t to be in the news at all. The way this was to be done was indirectly through the power centers of society, as they’re called. The strategists behind this are brilliant and they realized that human beings have a herd instinct. We clump together, most of us, a few hermits get off in the wilderness and do okay, but most of us get nervous out in the wilderness and we congregate into villages and cities and, beyond that, we come together in organizations like this. We have leaders. We join labor unions. We affiliate with political parties. We come together in church organizations and we send our kids to schools that are organized, and we have girl scouts and boy scouts. The way we operate is that we work through groups and organizations and we follow leaders. They had this all figured out. They said, “Therefore, the way for us to lead the masses is not directly one on one, but what we must do is control the leadership of the organizations to which people belong. We don’t need that many people to do that.” So with just one percent or one-tenth of one percent of the population, we can control the entire population by controlling the power centers of society. That was their strategy from the beginning, and it is their strategy today, and I might add, it is an extremely effective strategy.

* The structure of this secret organization was outwardly modeled after the Jesuit Order. Yes, incredible isn’t it. But Rhodes was an admirer of the organizational genius, in his mind, of the Society of Jesus, the Jesuit Order, and he said we should use that as our model. He didn’t take it straight across but he took many elements from it and, at the deeper level, though, it is interesting I think and very instructive to note that he borrowed the structure of classic conspiracy control directly from Adam Weishaupt. Now, those of you who have studied this thing, you recognize that name. Adam Weishaupt was the founder of the Illuminati and we all know a little bit about the Illuminati because it was disbanded in Bavaria shortly after it was formed, and their secret records and notebooks and so forth were seized and placed into the public records, so you can go to a library today and read verbatim the organizational structure of the original Illuminati. There is a debate as to whether or not the Illuminati really were destroyed or whether it just went underground and still exists today. I think that debate is interesting and I have my opinions about it, but they’re just opinions. In the final analysis, it’s not too important because we know that there are shoots coming up from the ground with identical structures all over the place. Now whether those shoots are coming up from seeds or roots, I don’t think makes too much difference. The fact is that we have had many organizational imitations of the Illuminati and this secret one that we’re talking about here created by Cecil Rhodes is a perfect example.

* Now what is that structure I’m talking about? It’s what they call rings within rings within rings. That’s the way they usually refer to it, and what that means is this: Weishaupt said that in the center of his Illuminati organization, there would be a controlling group of maybe three or four people — just a small number. These in turn would create a membership ring around them of a larger number of perhaps 20 or 30 or something like, and the members of that ring would not be aware that they were being dominated and controlled by the inner circle. Now that outer ring, in turn , thinking that they were the whole enchilada, would then create a larger ring around it comprising of hundreds or perhaps thousands of people, and those people would not suspect that they were being dominated and directed by an inner ring. And then finally that last ring would create still another one that would reach out to mass organizations — reach out to the masses. And in that fashion Weishaup said that a few of us in the center through this carefully controlled structure or rings within rings can control the world, and the people being controlled would never know that that’s how it worked. Now that’s the structure that Weishaupt created and described at some length and it’s interesting to me that Rhodes selected that very structure for his secret society.

* Now, let’s take a look –{something dropped} I’m glad there’s not lead attached to that.{laughter} But the result of all this, ladies and gentlemen, is that this structure — this secret society – remains invisible to the average person. It remains invisible not only because of its structure and because of its secrecy, but also because it has had the foresight of not having a name. Now just think about that for a minute. If you say that you have an organization or you create an organization and somebody says, well what are we going to call ourselves, and the answer is we’re not going to call ourselves anything. We’re not going to have a name. That way, nobody can talk about us. Brilliant! And that’s what they decided to do. Quigley himself doesn’t know how to describe it. At some places in his books he calls it the network. In other places he calls it the Rhodes group. In other places he just calls it the group. It has no name. Therefore, it’s another reason that it’s invisible to the average person today.

* At the inner-circle of this organization that I am describing, that was called the “Society of the Elect.” It originally consisted of Cecil Rhodes and a small brain trust of his very wealthy and influential political cronies from British politics and British banking. The center of gravity, as I said earlier, shortly thereafter — after Rhodes death — didn’t take long before the center of gravity shifted away to the Rockefeller group which was very quick to move into that circle and now we see that there are centers or secondary centers of influence within the Rockefeller group and centers within such organizations as The Bilderberg Group and the Trilateral Commission, to name just a few. The goal shifted away from creating and world empire based in England to a world empire based in New York called the New World Order but based on the model of collectivism.

* The secondary rings around this Society of the Elect that Cecil Rhodes created were called “roundtables.” That’s the name they gave them — roundtables, and these existed in the Untied States, Britain and all of the former British dependencies. Finally there was a tertiary group or ring around that which was created. Each of those roundtables in each of the countries, created another ring larger around it, and they called those in most of the British dependencies “The Royal Institute for International Affairs.” You’ll find that in England, you’ll find it in Canada, and so forth. That’s what it’s called. It’s still there. Very powerful, prominent institutions in British politics and all of these countries. In the United States, for some reason which I’ve never been able to find out, they didn’t choose that name I suppose because royal wouldn’t be an acceptable word in the United States, so in the U S. they call it the Council on Foreign Relations. And ladies and gentlemen, after 100 years of penetration into the power centers of society, the Rhodesian Network, I call it — I have given it a name and I hope you’ll pick it up and use it because we have to identify this group — I call it the Rhodesian Network, or the Rhodesians — after 100 years the Rhodesians are very close to the final achievement of their goal in the western world.

* Now I add the phrase “in the western world” because we must not lose sight of the fact when we’re looking at this group, that there is another group out there which is just as dangerous, just as secret and just as cunning as the Rhodesians. And they, by the way, took a clue from the Rhodesians and they got rid of their name a few years ago. We used to call them Communists and then they got rid of the name. They pretended to go away; they pretended that they crumbled overnight — a great miracle. They’re still there! I call them the Leninists. They have never renounced the theories or the goals of Lenin, they just renounced Communism. Well, they never really had Communism in any of those countries any way, they always refer to themselves as Socialists or Leninists or what have you. But all the old former Communist commissars simply took their hat off that said Communist on the front of it and turned it around and now it says Social Democrat, but you notice it’s the same heads underneath the hats. The heads didn’t change, nor did their real policies.

* I want to emphasize that there is another very large and powerful and dangerous group out there which I call the Leninists. And the Leninists and the Rhodesians are often seen warring against each other. Let’s take a look at Mr. Bush in Washington, D.C. and in Venezuela we’ve got Chavez. Now there’s a perfect example of the Rhodesians versus the Leninists, and they fight each other, they’re opposed to each other, they criticize each other, they hate each other, but the world that they want is the same. The only thing they disagree with is not ideology; it’s who is going to run this New World Order — the so called left or will it be the so-called right, and when you peel off all of those labels and you look underneath, you’ll find that in all of these camps, what they really stand for is collectivism. That’s the word we should be using. They’re all collectivists in nature but then they wrap themselves in flags and different rhetoric and they appear to oppose each other, but I want to emphasize just because we are focusing tonight on one group goes not mean that that is the only place we need to keep our guard up, because we have another equally potential group very much alive in the world today.

Now that is my summary. It’s time now to let the conspirators describe it, and so I’m going to do some reading for you. I hate to read a lot in a speech, but in this case I feel that I have to because otherwise you’d think that I was making some of this up, so I’m going to do a little extensive reading and let you see that the conspirators themselves really have said basically what I have said. We’ll begin in Tragedy and Hope by Carroll Quigley, and he says this:

“I know of the operation of this network [– see there he calls it a network –] because I have studied it for 20 years and was permitted for two years during the 1960s to examine its papers and secret records. I have no aversion to it or to most of its aims and have for much of my life been close to it and too many of the instruments. In general, my chief difference of opinion is that it wishes to remain unknown.”

Now in The Anglo-American Establishment, Quigley says this:

The Rhodes Scholarship established by the terms of Cecil Rhodes’ seventh will are known to everyone. What is not so widely known is that Rhodes in five previous wills left his fortune to form a secret society which was to devote itself to the preservation and expansion of the British Empire and what does not seem to be known to anyone is that this secret society continues to exist to this day. To be sure it is not a childish thing like the Ku Klux Klan, and it does not have any secret robes, secret hand clasps, or secret passwords. It does not need any of these since its members know each other intimately. It probably has neither oaths of secrecy nor any formal procedure of initiation. It does however exist and holds secret meetings. This group as I shall show is one of the most important historical facts of the 20th Century.

Now one of the original leaders of this group, one of the organizers, was a fellow by the name of William Stead. William Stead was so important that he was the executor of Cecil Rhodes’ will, so he should know what he’s talking about. He wrote a book entitled The Last Will and Testament of C. J. Rhodes, and in that book William Stead said this:

“Mr. Rhodes was more than the founder of a dynasty. He aspired to be the creator of one of those vast, semi-religious, quasi-political associations which like the Society of Jesus have played so large a part in the history of the world. To be more strictly accurate, he wished to found an order as the instrument of the will of the dynasty.”

So, you see, they are looking at this like an Order. It’s not just a group or an organization; it’s an Order like the Knights Templar or something like that. It’s a “Chivalry Order.” In Cecil Rhodes hand-written manuscript — this was not published until fairly recently — we find this coming directly from Cecil Rhodes’ own pen. He said:

“I contend that we English are the finest race in the world and that the more of the world we inhabit the better it is for the human race. What scheme could we think of to forward this object? I look at the history and I read the story of the Jesuits. I see what they were able to do in a bad cause and I might say under bad leaders. In the present day I became a member of the Messianic Order. I see the wealth and power they possess, the influence they hold, and I think over their ceremonies and I wonder that a large body of men can devote themselves to what at times appear to be the most ridiculous and absurd rights, without an object and without an end — the idea gleaming and dancing before one’s eyes like a will o’ the wisp — at last frames itself into a plan. Why should we not form a secret society but with one object, the furtherance of the British Empire and the bringing of the whole uncivilized world under British rule?”

So there you have it from the mind of the founder. Back to Quigley: In his own words, he says that the goal of the secret society was “nothing less than to create a world system of financial control in private hands, able to dominate the political system of each country and the economy of the world as a whole.” The system was to be controlled in a feudalist fashion by the central banks of the world, acting in concert by secret agreements arrived at in frequent private meetings and conferences. Now you see the Trilateral meetings and The Bilderberg meetings begin to take on more significance when you realize that that’s really part of this plan.

On page four of The Anglo-American Establishment, Quigley says this:

“This organization has been able to conceal its existence quite successfully, and many of its most influential members satisfied to possess the reality rather than the appearance of power are unknown even to close students of British history, partly because of the deliberate policy of secrecy which this group has adopted [you see, here he calls it a group] partly because the group itself is not closely integrated but rather appears as a series of overlapping circles or rings partly concealed by being hidden behind formally organized groups of no obvious political significance.”

And then regarding the conspiratorial structure of this group, Quigley tells us this:

“In the secret society Rhodes was to be leader. Stead, Brett, Lord Dasher, and Milner were to form an executive committee called “The Society of the Elect.” Arthur, Lord Balfour, Sir Harry Johnston, Lord Rothschild, Albert Lord Grey and others, were listed as potential members of a circle of initiates. While there was to be an outer circle known as the association of helpers. [Those phrases, ladies and gentlemen, that I just read are lifted from Adam Weishaupt — those are his phrases.] This was later organized by Milner as the roundtable organizations [that I mentioned a moment ago]. After the death of Cecil Rhodes, the organization fell under the control of Lord Alfred Milner who recruited young men from the upper class of society to become part of the association of helpers [which as I mentioned became later known as the roundtables].”

This group of young men recruited from the higher levels of British society was unofficially called at that time Milner’s Kindergarten. Of course, they were young men, they were coming up in politics and in banking and they came from the finest families, but they called them Milner’s Kindergarten because they worked very closely together and they tutored them and helped them get into positions of authority, especially in government. They were placed into the power centers of society and eventually they became the roundtable organizations in each of those countries, and so they were the inner-circle of a larger circle around them.

While reviewing all of this it’s important for us to keep in mind that the primary purpose of a secret society is to keep secrets. That’s pretty obvious, but that means that one of their major objectives is deceit. You have to be deceitful if you’re going to keep secrets, even if you simply say I don’t know which, Hillary Clinton I was just informed, who probably attended the last Bilderberg meeting, when asked on camera did she attend The Bilderberg meeting she said, “I don’t know anything about that.” I guess the reporter said, well, your husband attended the last one, and she said, “Oh, he did? I don’t know anything about it.” That’s what you would expect if you have an affiliation with a secret society, you’d better be prepared for a little bit of deceit or you’re not a good member.

To the gullible public, these people deny their plans and their goals, obviously, because the public for the large part would not necessarily understand them in an approving way. So they lie a lot, but when they speak to themselves in their own private papers, and before conclaves which are expected to remain confidential, they often tell the whole unvarnished truth. Every once in awhile, if you’re researching all of their papers, you’ll find a little gem like the one I’m going to read to you now. This one was written by one of Milner’s Kindergarten. His name you’ll recognize, Arnold Twinby. He’s a renowned historian, he was a Professor at the London School of Economics, he was a director of studies at the Royal Institute of International Affairs which was a front for the roundtable, he was a British Intelligence Agent and the author of that very famous, 12-volume history of the world called A Study of History, which extols the virtue of world government and collectivism. And so he’s a big guy. In November of 1931, in that issue of International Affairs which was published as an insider publication just for members of that roundtable, this is what Twinby said — and this is a gem — he said:

“I will hereby repeat that we are at present working discretely but with all our might to rest this mysterious political force called sovereignty out of the clutches of the local national states of the world. At all the time we are denying with our lips what we are doing with our hands.”

And that, of course, makes sense. People want to go to the members on the Council on Foreign Relations and say, “Are you guys really planning world government and loss of sovereignty and so forth?” “Of course not,” they say. “Are you really planning to merge the United States with Canada and Mexico?” “Absurd!”

This is just part of the game and you must understand it. World government doesn’t just happen by writing some articles or books. Only when people are in control of power centers of society can they bring about massive changes like this. Not scholarship but power. Not public opinion but power. Power is the key and the power centers of society are what amalgamate and give these people power over their citizens.

How this came about: Quigley describes this. It’s very interesting what he says. How did this come about? Through Lord Milner’s influence, these men were able to win influential posts in government in international finance and become the dominant influence in British imperial affairs and foreign affairs up to 1939. In 1909 through 1913, they organized semi-secret groups known as roundtable groups [we’re covering the same ground here again] in the chief British dependencies and the United States. They still function in eight countries. The task was given to Lionel Curtis who established in England and each dominion a front organization to the existing local roundtable group. This front organization called The Royal Institute of International Affairs had as its nucleus in each area the existing submerged roundtable group. In New York, it was known as the Council on Foreign Relations and was a front for J. P. Morgan and Company.

At last we come to this ubiquitous Council on Foreign Relations. You here more and more about, even increasingly now on the news. They’ll say, “And here’s a word from so-and-so from the Council on Foreign Relations office,” and the average gum-chewing public says, “Huh, that sounds good. I wonder what that’s all about.” So increasingly this phrase, “CFR,” “Council on Foreign Relations,” is becoming more and more at least common. People don’t know what it is, but they’ve heard it so it’s no longer frightening when they hear it. So we are informed by Quigley and others that the Council on Foreign Relations was spawned by a secret society which still exists today that is a front for a roundtable group originally embodied in J. P. Morgan and Company, but now the Rockefeller consortium, and that it’s primary goal is no longer the expansion of the British Empire but global collectivism with control in private hands, administered in a feudalist fashion by the central banks of the world.

Now, ladies and gentlemen, these are their words, not mine! Now why is this important? It is important because the members of the Council on Foreign Relations are the rulers of America. Can I back that up? I think I can. Who are the members of the Council on Foreign Relations? It’s a very long list — actually there are about 4,000 names. It’s available; by the way, if you write to the Council on Foreign Relations office on your own letterhead, especially if it’s a corporate letterhead, say I’d like a copy of the Annual Report and you’ll get it. I’ve been collecting these for many years, and in the back of each report they have a list of the current members. And here’s what I found.

Let’s start with Presidents of the United States. Council members include Herbert Hoover, Dwight Eisenhower, Richard Nixon, Gerald Ford, James Carter, George Bush, Sr. and William Clinton. Now JFK once said that he was a member of the Council on Foreign Relations, but I’ve not been able to find his name on any of the member lists, so he’s confused over that. I guess he wanted to be but never quite made it in. Former presidential candidate John Kerry is a member of the Council on Foreign Relations and, if anything should happen to President Bush, then Richard Cheney would become president and he is a member of the Council on Foreign Relations.

Secretaries of State undoubtedly to this group are more important than presidents because the presidents often just take advice. There’s so much going on, they’ve got their cabinet, they’ve got people telling them what to do, and so the Secretary of State is a critical figure, a critical position in this New World Order, and so it’s not surprising to find that just about every Secretary of State from the beginning has been a member of the CFR. Here’s the list: Dean Rusk, Robert Lansing, Frank Kellogg, Henry Stinson, Cordell Hull, E. R. Statineous ???, George Marshall, Dean Atchison, John Foster Dulles, Christian Herder, Dean Rusk, William Rodgers, Henry Kissinger, Cyrus Vance, Edmund Muskie, Alexander Haig, George Schultz, James Baker, Lawrence Egelberger, Warren Christopher, William Richardson, Madeline Albright, Colin Powel, and, of course, Condoleeza Rice.

The Secretaries of Defense, a pretty important position if you’re going to build a New World Order and use coercion if necessary, include James Forrestal, George Marshall, Charles Wilson, Neil McElroy, Robert McNamara, Melvin Laird, Elliot Richardson, James Schlesinger, Harold Brown, Casper Weinberger, Frank Carluche ???, Richard Cheney, Les Aspin, William Perry, William Cohen, and Donald Rumsfield.

CIA Directors: Walter Smith, William Colby, Richard Helms, Alan Dulles, John McCohn ???, James Schlesinger, George Bush, Sr., Stansfield Turner, William Casey, William Webster, Robert Gates, James Woolsey, John Deutch, William Studeman, George Tenant, Porter Goss, and Michael Hayden.

Some better known corporations with CFR members at the board or chief executive levels, which mean they exert dominance and for all practical purposes control over the policies of these large corporations — now this is a long list and I’m not going to read to you any more than just the tip of the iceberg, but they include: Atlantic Richfield Oil Company, AT&T, Avon Products, Bechtel Construction Group, Boeing Company, Bristol Myers Squib, Chevron, Coca Cola and Pepsi Cola, Consolidated Edison of New York, Exxon, Dow Chemical, Dupont Chemical, Eastman Kodak, Enron, Este Lauder, Ford Motors, General Electric, General Foods, Hewlett Packard, Hughes Aircraft, IBM, International Paper, Johnson & Johnson, Levi Strauss & Company, Lockheed Aerospace, Lucien Technologies, Mobile Oil, Monsanto, Northrup, Pacific Gas & Electric, Phillips Petroleum, Proctor & Gamble, Quaker Oats, SBC Yahoo, Shell Oil, Smith Kline Beach and Pharmaceuticals, Sprint Corporation, Texaco, Santa Southern Pacific Railroad, Teledyne, TRW, Southern California Edison, Unocal, United Technologies, Verizon Communications, Warner Lambert, Weyerhaeuser, and Xerox, to name just a few.

Now in the media, a pretty important place to be if you want to control public opinion, we find CFR members in management and operational positions at the following media corporations: The Army Times, Associated Press, Association of American Publishers, Barons, Boston Globe, Business Week, Christian Science Monitor, Dallas Morning News, Detroit Free Press, Detroit News, USA Today, Wall Street Journal, Los Angeles Times, New York Post, San Diego Union Tribune, Times Mirror, Random House, WW Norton and Company, Warner Books, American Spectator, Atlantic, Harpers, Farm Journal, Financial World, Insight, Washington Times, Medical Tribune, National Geographic, National Review, New Republic, New Yorker, Newsday, Newsmax, Newsweek, Pittsburg Post Gazette, Reader’s Digest, Rolling Stone, Scientific American, Time Warner, Time, US News & World Report, Washington Post, ABC, CBS, CNN, NBC, PBS, RCA, and the Walt Disney Company. Did we leave anybody out? I don’t think so.

[Someone in the audience mentioned a name but it was unintelligible.]

Not on the list yet. Could be, though. I just didn’t locate it.

[Someone else in the audience mentioned another name but it was unintelligible.]

I’m going to check into those guys. {laughter} Alright, the media personalities, the talking heads – not so important but still important: David Brinkley, Tom Brokaw, William Buckley, Peter Jennings, Bill Moyers, Dan Rather, Diane Sawyer, Barbara Walters, Katie Couric, and Andrea Mitchell, wife of Alan Greenspan (and by the way, Alan Greenspan, in case you were wondering, former chairman of The Federal Reserve System, is a member of the CFR).

Labor Unions with CFR members in key positions at the top, include AFL-CIO, United Steel Workers of America, United Auto Workers, American Federation of Teachers, Brick Layers & Allied Craft, Communications Workers of America, Union of Needle Trades, and Amalgamated Clothing and Textile Workers.

In the tax exempt foundations and the think tanks which often creates policies which the government implements – the number of CFR members in controlling positions is 443, as of my last count. It could be more, it could be less today, but it’s in that range. Some of the better known names are the Sloan and Kettering Foundations, the Aspen Institutes, the Elaptic Council ???, Bilderberg Group, Brookings Institute, Carnegie Endowment for International Peace, the Carnegie Foundation, Ford Foundation, Guggenheim Foundation, Hudson Institute, The John D. and Catherine T. MacArthur Foundation, Melon Foundation, Rand Corporation, Rhodes Scholarships Selection Commission, Rockefeller Foundation and Rockefeller Brothers Fund, Trilateral Commission, and the UN Association.

By the way, if you’ve ever wondered where all of these radical groups get their money that are agitating for all kinds of disruptive things in the United States, all of the radical lariza groups, you know — a few years ago they had the little band of radicalized American Indians messing up the northwest — they are all funded by these organizations, tax exempt foundations. That’s where the money comes from.

Now in the universities, the number of CFR members who are or have been at the very top as professors, or presidents, or department heads, board members — the total number is 563. In the financial institutions such as banks, The Federal Reserve, stock exchanges and brokerages houses, the number of CFR members with controlling positions is 284.

As I mentioned before, the total membership in this group is approximately 4,000 people. There are a lot of organizations, a lot of church organizations in your hometown that have that many members or more. Now wouldn’t you be surprised that if you were to discover that the members of just that one local church dominated American politics and corporate structures and communications and universities, that they were controlling the United States, just that one little group, wouldn’t you be amazed, wouldn’t you wonder what’s going on? Would you start asking some questions? It would be pretty hard, however, for you to get answers to those questions if it turned out that the media and the channels through which those questions would be asked and answered were controlled by members of that same church. And that’s essentially the kind of a situation that we have facing America today.

Note that this group, this Council on Foreign Relations, is not the inner-core of a secret society. It’s the third ring or it is two rings out from the center, at least. What does that mean? It means a lot of those people don’t have the slightest clue as to who is directing them or why. And don’t forget that the ring beyond that is much bigger. That ring is called the Republican-Democrat Party. That’s the next ring out, and there are rings beyond that. None of those people know that they’re being directed from the inside, you see. So these people are unaware, most of them — some of them know, but most of them are totally unaware of the control or the purpose of the CFR. I think most of them are opportunists who look at the CFR as more or less a high-powered employment agency. If you are invited to become a member and you get on their membership list, you don’t have to worry about a good job ever again, because every time these people are looking for a reliable, trustworthy person with the right mental outlook, and they are looking for someone to hire, they look on that membership list and they know that that’s a safe list and so they’re always being offered jobs. And people know that even though they may not know why. So a lot of them are just opportunists.

You don’t get on that list just because you’re a good guy or ___________________ carefully analyzed and you have to be invited by certain people, and analyzed to show that you have this goal in your mind of internationalism, collectivism, and the New World Order. If you don’t express a sympathy with that goal, you will never be invited to join the CFR, and even if you do have that goal you may not be invited because now they want to look at you and see how potentially powerful you can be, how smart you are, what are your connections, what are you doing in life, and possibly they even look to see how ruthless you are, I don’t know.

I want to emphasize that just because people are in the Council on Foreign Relations does not mean that they’re part of the inner-core of the secret society.

There are three things we must understand about this group. One is they are not partisan. This is perhaps the most important thing for us to know today is that this is not an issue of Republicans versus Democrats. You find about an equal number of Republicans and Democrats on this membership list. To these people, political partisanship is a joke. They have much bigger fish to fry. They use partisan politics as a gimmick to manipulate the thinking and the loyalties and the activities of the common man. None of these people are Democrats or Republicans with the capital letters in front of them — only as a matter of convenience. That’s the first thing to know.

The second thing to know is that they are elitists. They intend to rule the world — for the world’s own good of course, you understand, but they really believe that their vision of the New World Order, based on the model of collectivism, is the highest morality and they intend to use any method whatsoever to bring that about. They consider that they are at war to bring that about, and people like you and me are the enemy in that war. We must be defeated. We must be annihilated. To them, they adopt the morality of war. What is the morality of war? In war time there is only immoral act and that is to lose. That’s their mentality. You keep that in mind when you’re dealing with these people. They are totally ruthless and if it’s necessary to put innocent people in prison, so be it. If it’s necessary to engineer an event that would cause the loss of thousands of American lives, so be it, because they are at war and they do not intend to lose.

The third thing to know is that the method by which they intend to rule is called democracy. We’re back to that word now — democracy. The problem arises: How does a ruling elite control the masses in an age where people have been conditioned to think that they should determine their own political destiny. We’ve been taught like in that classroom — we’ll vote on everything and our vote will make it correct, and as long as we’re given the vote, everything is fine. We’ve been taught that, so how does the ruling elite deal with that mass psychology where everybody thinks that they should have a right to vote on their leaders and on the issues and so forth? The answer is quite simple. How do you keep the gum chewing public out of the way, and that leads to the title of my presentation which is The Quigley Formula. Quigley answers that question in his book. He says to perpetuate the deception of democracy, to allow people to continue to think that they are participating in their own political destiny, all we have to do is create two political parties and control them both and let the idiots jump from one party to the next and choose one candidate adverse the other as long as they never get out of that two box trap that we set for them. Let them really battle each other on secondary issues, but when it comes to the final end game of building a New World Order — building a New World Order based on the model of collectivism — all candidates in both parties must be in total agreement. That’s the Quigley formula. Does that sound familiar?

Did Quigley really say that? He did. Here’s what he said:

“The national parties and their presidential candidates with the eastern establishment assiduously fostering the process behind the scenes moved closer together and nearly met in the center with almost identical candidates and platforms. Although the process was concealed as much as possible by the revival of obsolescent or meaningless war cries and slogans, often going back to the civil war. The argument that the two parties should represent opposed ideals and policies, one perhaps of the right and the other of the left, is a foolish idea except ________ to the doctrinaire and academic thinkers. Instead, the two parties should be almost identical so that they American people can throw the rascals out at any election without leading to any profound or extreme shifts in policy. Either party in office becomes in time corrupt, tired, un-enterprising and vigorless. Then it should be possible to replace it every four years if necessary by the other party, which will be none of these things but which will still pursue with new vigor approximately the same basic policies.”

That, ladies and gentlemen, is The Quigley formula, and if it sounds familiar it’s because we have been living — we have been living under that formula since at least World War I. Just think about that. Not one in 1,000 people has been aware of it.

Now what are these basic policies that Quigley is talking about? It is anything that advances the New World Order based on the model of collectivism. The candidates and the parties should be fierce campaigners. They should attack each other with great vigor but, when the elections are over, they will work as a team for their common goals. All else is showmanship. As long as they are advancing the goal of the New World Order based on the model of collectivism, then everything else is just showmanship. Let’s turn to a couple of brief examples.

Just about every major political event in American politics since War II is a good example if you know what to look for. But let’s not go all the way back — pick it up with, let’s say, the Panama Canal. The Carter administration gave away the Panama Canal, as you know, and nobody wanted that. The voters didn’t want that. Republican voters didn’t want that. Democrat voters didn’t want it. They conducted polls among the American people and the poll was overwhelmingly — I don’t know, 85% or something about save the Panama Canal for the American people, and the other 15% didn’t care. I mean, they just didn’t have an opinion. And yet they gave away the Panama Canal. Why? Who were these elected representatives serving? That happened to have been the goal of the Council on Foreign Relations and the drive to give away the Panama Canal was lead on both sides of the aisle by members of the Council on Foreign Relations.

Now in a more current day the Republicans, of course, are clamoring for war in the Middle East and they advocate that we give more power to the UN. Now the Democrats, they’re different. They call for peace in the Middle East and advocate that we give more power to the UN. Of course, after the Democrats did win a majority in Congress, we thought, oh, now there’s going to be a big shift in policy. Well, there wasn’t, was there? Quigley called it exactly. They could argue about it in campaign days, but once you’re elected you go back to what you’re programmed to do, which is to follow the directives of the Council on Foreign Relations.

The Republicans promote legislation to restrict rights in the name of terrorism. The Democrats give speeches of concern over that, and then they vote for those laws. There’s really no difference except the rhetoric. The electorate does not want that, but that is the goal on the Council on Foreign Relations. By the way, the legislation for the Patriots Act I and II and all the rest of these liberty-stealing acts that are coming through, all of those were written in principle before 9/11, and they were written by members of the Council on Foreign Relations.

The Democrats promote legislation to restrict freedom in the name of stopping global warming. The Republicans object strongly to that, and then they vote for those laws. Now the electorate doesn’t want that, but that is the goal on the Council on Foreign Relations. The Republicans are all for restricting freedom of speech in order to prevent sedition — anti-sedition laws to protect America and to protect the government, to protect our homeland. The Democrats don’t like that, but they promote similar laws in the name of stopping hate speech. Hate speech now is prohibited. The American people don’t want that — either of those, but both of those are the goal on the Council on Foreign Relations.

Republicans give speeches about the danger of illegal immigration. The Democrats give speeches about compassion, and then both of them join together and support measures and soon-to-be laws and treaties that will merge Canada, the United States and Mexico together as one political unit and there will no longer even be an issue of immigration, because we’ll all be one big country. The American people don’t want that, but that is the goal of the Council on Foreign Relations.

Republican leaders steal elections outright using electronic voting machines that were designed to be fraudulent — not something that was hacked into and some evil person figured out how to rig a perfectly innocent election voting machine. These machines were designed from the very beginning to do that. You would think the Democrats would be outraged because their candidates have lost elections with these rigged voting machines, but they’re not. Oh, they say I wonder if we lost the election? They do nothing. They remain silent because they know that rigged voting machines are really the ultimate form of The Quigley Formula. They know that this is the way — ultimately — to allow the American people to think that they’re participating in their own political destiny and they have no idea what’s going on in those machines and the newscasters will tell them how they voted — and they’re just waiting for their turn, the Democrats are. I think that they’ve been told next election is their turn so be patient. You see people are like wrestlers, phony wrestlers. My grandmother used to watch wrestling matches. She’d get all excited. Did you see that guy, man he hit him hard and threw him out of the ring. I said Grams, calm down, these are professionals. It’s all put on. They rehearse this stuff. Oh, I don’t think so, he really hit him hard. I could never convince her that that was phony. The guy with the red mask and the guy with the black tights, they’re mean looking guys. How could they be phony?

That’s American politics, ladies and gentlemen. It’s a phony wrestling match, and these guys are in it and they can hardly wait until the American people are so dumbed down and so passive that they will accept electronic voting machines to tell them how they voted, and both political parties are in on that at the top. Now there’s quite a grassroots movement to expose all of this and to reverse all this, but you’ll find that this is coming from the grassroots. There’s no support whatsoever from the top of either political party.

We have to talk about the cheerleaders. It’s not just the political candidates themselves, but the cheerleaders are out there to tell us how to think and to shape the debate, and they’re the ones that really have as much or maybe more influence on how we vote than the candidates themselves. So who are the cheerleaders? Rush Limbaugh would be one. I would put him right up there at the top if there was an award to give a The Quigley Formula cheerleader, he would get an award. He does a great job of exposing and ridiculing corrupt Democrats, but he never met a Republican he didn’t like, regardless. He’s all for the UN and will never mention the CFR — never.

On the other side, we’ve got such a nice likeable guy is Michael Moore. Now Michael does a great job of exposing and ridiculing corrupt Republicans, but he never met a Democrat he didn’t like, and he’s all for the UN and will never mention the CFR.

There’s an organization that you’ve all heard about called Accuracy in Media. I used to think they were pretty good because they did a great job of exposing the deceit and treachery within the ranks of Democrats, and then finally it dawned on me — hey guys, what about the other side of the aisle. They never mention deceit and treachery among the Republican groups, and they never mention the CFR.

There’s an organization called MoveOn. It does a great job of exposing deceit and treachery within the ranks of Republicans, but it never criticizes Democrats whatsoever, and never mentions the CFR. Are you beginning to get the picture here? We have cheerleaders that are on the payroll.

Now The Quigley Formula has turned voters into tennis balls. We have a tennis game with the Republican candidates on one side of the net and the Democrat candidates on the other, and we’re the tennis balls. We’re supposed to decide the outcome of our political destiny so we allow ourselves to be hit really hard by one of the players, and we bounce over the net. We get over there and say this is better, and then finally we get hit, and back and forth, back and forth. We don’t like this, we don’t like that, and what happens is that Americans begin to choose their candidates not on what they like but what they hate.

People used to vote for a man or a candidate because they liked him, now they vote because they hate the other one. It’s the politics of hate. We get hit so hard. We hate Bush, we hate Clinton, so I’m not going to vote for those guys, we’ll vote for the other ones. We won’t look at their record, we won’t look at their political principles, in fact we don’t even think about political principles. You’ll never find political principles discussed in the political debates. It’s always some issue which is devoid of principles.

Little kids in the first grade classroom voting on the gender of a kitten are more apt to come up with the right answer than the American people voting on political parties or candidates without any knowledge of political principles whatsoever. The kids stand a better chance. And so we’re like these tennis balls being thrown back and forth, back and forth. Well, the players can win a game, but the tennis ball never wins. And that’s where we are today.

And so we come to the end. What is the solution? Well, are you ready for this? There isn’t any. Ask anyone — they’ll tell you it’s all over. Collectivism has won. We are serfs in a modern, high-tech feudalism. Our lords and masters control us, they control our money, they control our media, they control our political parties, they control our educational institutions, they control the places where we work, they control everything — they control the military, they control the police. You think we’re going to change this? Those who benefit from this are too comfortable and happy with it, and those who suffer under it are afraid to speak out for fear they will be punished. So it’s all over! Get used to it.

Now wait a minute! I just had an idea. What would happen if just two percent of the American people came together, and knowing what we’ve been talking about tonight, they were determined to defeat this monster? Just two percent! What if they understood the principles of freedom? It’s not that they were just voting against something — I don’t like this, I don’t like that. What if they understood what they wanted? What if they had a creed of freedom? And really knew what freedom was based upon and cared — cared enough to study it and to teach it to their kids? What if they joined together in a network involving people with similar ideas from all nations, all cultures, all races, all religions, and formed into a true international brotherhood of freedom? And what if they understood — really understood the strategy of influencing society by influencing the power centers of society instead of just throwing themselves out randomly? What if they understood the structure of society and said, hey, we’re going to help each other and work with each other to become effective and dominant in the power centers of society and take them back, just the way we lost them? Do you think if we did that we could defeat this monster?

Yes, I think so too. In fact, I know we can. And fortunately there is an organization, a structure that is exactly like that. It’s called Freedom Force International. We have members already in 55 countries and we’re growing every day. It’s not my mission here tonight to talk about that. You all have a piece of paper where if you want to know more you can sign up and we’ll send it to you, or corner me outside, grab me by the lapel and say tell me more about it and I’ll be happy to talk about it. I invite you to learn about Freedom Force and then to become a part of it.

It’s difficult to close a topic like this on a light note. I wracked my brain — how do I do this? Finally it dawned on me. I’d like to return to the story of the kittens. I was raised by an old-maid school teacher aunt. We called her Aunt Alice, a lot of people did, but she wasn’t really my blood aunt but she raised me. She was like my mother and father all wrapped up in one. A wonderful woman and she was a school teacher and one of the amazing things of this woman is she could always tell in advance by looking at a little kitten — look at the litter kittens and she’d say well that one is a male and that one is a female and the rest are all females. And I’d say, “Aunt Alice, how can you tell?” I mean there’s no documentation available on these little kittens. “Just trust me.” Sure enough, every time I swear, those kittens would grow up to be cats and she would have named it correctly, and we always wondered how did Aunt Alice do that? What was the Aunt Alice formula? And finally one day she told me. She said “Edward, it’s really quite simple. “ She said, “Give them a few days until they start to develop some fur and they begin to get bone structure, and then just take a look at their faces. The ones with the broad faces, broader than the rest, are going to be tomcats, and the ones with the little narrow faces are going to be female cats. It’s that simple.”

And, you know, she was right. If you know what to look for and you know what the secret is, it’s easy. I’ve been amazing my friends ever since using the Aunt Alice formula. And so I want to close by telling you that story as a reminder that sometimes the most difficult problems can be solved much easier than you think.

Thank you very much.”

Source: Republic Magazine.com

USA Secretary of State with a long long history

CLINTON BODY COUNT

Source: Ether Zone, Copyright © 2000

Here is the latest body count that we have. All of these people have been connected with the Clintons in some form or another. We have not included any deaths that could not be verified or connected to the Clinton scandals. All deaths are listed chronologically by date. This list is current and accurate to the best of our knowledge as of January 13, 1999 August 1, 2000.

Susan Coleman: Rumors were circulating in Arkansas of an affair with Bill Clinton. She was found dead with a gunshot wound to the head at 7 1/2 months pregnant. Death was an apparent suicide.
Larry Guerrin: Was killed in February 1987 while investigating the INSLAW case.
Kevin Ives & Don Henry: Initial cause of death was reported to be the result of falling asleep on a railroad track in Arkansas on August 23, 1987. This ruling was reported by the State medical examiner Fahmy Malak. Later it was determined that Kevin died from a crushed skull prior to being placed on the tracks. Don had been stabbed in the back. Rumors indicate that they might have stumbled upon a Mena drug operation.
Keith Coney: Keith had information on the Ives/Henry deaths. Died in a motorcycle accident in July 1988 with unconfirmed reports of a high speed car chase.
Keith McKaskle: McKaskle has information on the Ives/Henry deaths. He was stabbed to death in November 1988.
Gregory Collins: Greg had information on the Ives/Henry deaths. He died from a gunshot wound to the face in January 1989.
Jeff Rhodes: He had information on the deaths of
Ives, Henry & McKaskle. His burned body was found in a trash dump in April 1989. He
died of a gunshot wound to the head and there was some body mutilation, leading to the
probably speculation that he was tortured prior to being killed.

James Milam: Milam had information on the Ives
& Henry deaths. He was decapitated. The state Medical examiner, Fahmy Malak, initially
ruled death due to natural causes.

Richard Winters: Winters was a suspect in the
deaths of Ives & Henry. He was killed in a "robbery" in July 1989 which was
subsequently proven to be a setup.

Jordan Kettleson: Kettleson had information on the
Ives & Henry deaths. He was found shot to death in the front seat of his pickup in
June 1990.

Alan Standorf: An employee of the National
Security Agency in electronic intelligence. Standorf was a source of information for Danny
Casalaro who was investigating INSLAW, BCCI, etc. Standorf’s body was found in the
backseat of a car at Washington National Airport on Jan 31, 1991.

Dennis Eisman: An attorney with information on
INSLAW. Eisman was found shot to death on April 5, 1991.

Danny Casalaro: Danny was a free-lance reporter
and writer who was investigating the "October Surprise", INSLAW and BCCI. Danny
was found dead in a bathtub in a Sheraton Hotel room in Martinsburg, West Virginia. Danny
was staying at the hotel while keeping appointments in the DC area pertinent to his
investigation. He was found with his wrists slashed. At least one, and possibly both of
his wrists were cut 10 times. All of his research materials were missing and have never
been recovered.

Victor Raiser: The National Finance Co-Chair for
"Clinton for President." He died in a airplane crash on July 30, 1992.

R. Montgomery Raiser: Also involved in the Clinton
presidential campaign. He died in the same plane crash as Victor.

Paul Tully: Tulley was on the Democratic National
Committee. He was found dead of unknown causes in his hotel room on September 24, 1992. No
autopsy was ever allowed.

Ian Spiro: Spiro had supporting documentation for
grand jury proceedings on the INSLAW case. His wife and 3 children were found murdered on
November 1, 1992 in their home. They all died of gunshot wounds to the head. Ian’s body
was found several days later in a parked car in the Borego Desert. Cause of death? The
ingestion of cyanide. FBI report indicated that Ian had murdered his family and then
committed suicide.

Paula Gober: A Clinton speech writer. She died in
a car accident on December 9, 1992 with no known witnesses.

Jim Wilhite: Wilhite was an associate of Mack
McClarty’s former firm. Wilhite died in a skiing accident on December 21, 1992. He also
had extensive ties to Clinton with whom he visited by telephone just hours before his
death.

Steve Willis, Robert Williams, Todd McKeahan & Conway

LeBleu:   Died Feburary 28, 1993 by gunfire
at Waco. All four were examined by a pathologist and died from identical wounds to the
left temple. All four had been body guards for Bill Clinton, three while campaigning for
President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents
killed at Waco.

Sgt. Brian Haney, Sgt. Tim Sabel, Maj. William Barkley, Capt.
Scott Reynolds:
Died: May 19, 1993 – All four men died when their helicopter
crashed in the woods near Quantico, Va. – Reporters were barred from the site, and the
head of the fire department responding to the crash described it by saying, "Security
was tight," with "lots of Marines with guns." A videotape made by a
firefighter was seized by the Marines. All four men had escorted Clinton on his flight to
the carrier Roosevelt shortly before their deaths.

John Crawford: An attorney with information on
INSLAW. He died from a heart attack in Tacoma in April of 1993.

John Wilson: Found dead from an apparent hanging
suicide on May 18, 1993. He was a former Washington DC council member and claimed to have
info on Whitewater.

Paul Wilcher: A lawyer who was investigating drug
running out of Mena, Arkansas and who also sought to expose the "October
Surprise", BCCI and INSLAW. He was found in his Washington DC apartment dead of
unknown causes on June 22, 1993.

Vincent Foster: A White House deputy counsel and
long-time personal friend of Bill and Hillary’s. Found on July 20, 1993, dead of a gunshot
wound to the mouth — a death ruled suicide. Many different theories on this case! Readers
are encouraged to read our report in Strange Deaths.

Jon Parnell Walker: An investigator for the RTC
who was looking into the linkage between the Whitewater and Madison S&L bankruptcy.
Walker "fell" from the top of the Lincoln Towers Building.

Stanley Heard & Steven Dickson: They were
members of the Clinton health care advisory committee. They died in a plane crash on
September 10, 1993.

Jerry Luther Parks: Parks was the Chief of
Security for Clinton’s national campaign headquarters in Little Rock. Gunned down in his
car on September 26, 1993 near the intersection of Chenal Parkway and Highway 10 west of
Little Rock. Parks was shot through the rear window of his car. The assailant then pulled
around to the driver’s side of Park’s car and shot him three more times with a 9mm pistol.
His family reported that shortly before his death, they were being followed by unknown
persons, and their home had been broken into (despite a top quality alarm system). Parks
had been compiling a dossier on Clinton’s illicit activities. The dossier was stolen.

Ed Willey: A Clinton fundraiser. He died of a
self-inflicted gunshot wound on November 30, 1993. His death came the same day his wife,
Kathleen, was sexually assaulted in the White House by Bill Clinton.

Gandy Baugh: Baugh was Lasater’s attorney and
committed suicide on January 8, 1994. Baugh’s partner committed suicide exactly one month
later on February 8, 1994.

Herschell Friday: A member of the presidential
campaign finance committee. He died in an airplane explosion on March 1, 1994.

Ronald Rogers: Rogers died on March 3, 1994 just
prior to releasing sensitive information to a London newspaper. Cause of death?
Undetermined.

Kathy Furguson: A 38 year old hospital worker
whose ex-husband is a co- defendant in the Paula Jones sexual harassment law suit. She had
information supporting Paula Jone’s allegations. She died of an apparent suicide on May
11, 1994 from a gunshot wound to the head.

Bill Shelton: Shelton was an Arkansas police
officer and was found dead as an apparent suicide on kathy Ferguson’s grave (Kathy was his
girl friend), on June 12, 1994. This "suicide" was the result of a gunshot wound
to the back of the head.

Stanley Huggins: Huggins, 46, was a principal in a
Memphis law firm which headed a 1987 investigation into the loan practices of Madison
Guaranty S&L. Stanley died in Delaware in July 1994 — reported cause of death was
viral pneumonia.

Paul Olson: A Federal witness in investigations to
drug money corruption in Chicago politics, Paul had just finished 2 days of FBI interviews
when his plane ride home crashed, killing Paul and 130 others on Sept 8 1994. The Sept.
15, 1994 Tempe Tribune newspaper reported that the FBI suspected that a bomb had brought
down the airplane.

Calvin Walraven: 24 year on Walraven was a key
witness against Jocelyn Elder’s son’s drug case. Walraven was found dead in his apartment
with a gunshot wound to the head. Tim Hover, a Little Rock police spokesman says no foul
play is suspected.

Alan G. Whicher: Oversaw Clinton’s Secret Service
detail. In October 1994 Whicher was transferred to the Secret Service field office in the
Murrah Building in Oklahoma City. Whatever warning was given to the BATF agents in that
building did not reach Alan Whicher, who died in the bomb blast of April 19th 1995.

Duane Garrett: Died July 26, 1995-A lawyer and a
talk show host for KGO-AM in San Fransisco, Duane was the campaign finance chairman for
Diane Fienstien’s run for the senate, and was a friend and fundraiser for Al Gore. Garrett
was under investigation for defrauding investors in Garrett’s failed sports memorabilia
venture. There was talk of a deal to evade prosecution. On July 26th, Garrett canceled an
afternoon meeting with his lawyer because he had to meet some people at the San Fransisco
airport. Three hours later he was found floating in the bay under the Golden Gate Bridge.

Ron Brown:. The Commerce Secretary died on 

April 3, 1996, in an Air Force jet carrying Brown and 34 others, including 14 business
executives on a trade mission to Croatia, crashed into a mountainside. The Air Force, in a
22-volume report issued in June of 1996, confirmed its initial judgment that the crash
resulted from pilot errors and faulty navigation equipment At the time of Brown’s death,
Independent Counsel Daniel Pearson was seeking to determine whether Brown had engaged in
several sham financial transactions with longtime business partner Nolanda Hill shortly
before he became secretary of commerce.

Charles Meissner: died: UNK – Following Ron
Brown’s death, John Huang was placed on a Commerce Department contract that allowed him to
retain his security clearance
by Charles Meissner. Shortly thereafter, Meissner died in the crash of a small plane.
  He was an Assistant Secretary of Commerce for International Economic Policy.

William Colby: Retired CIA director was found dead
on May 6,1996 after his wife reported him missing on April 27,1996. Apparently, Colby
decided to go on a impromptu canoeing excursion and never returned. Colby who had just
started writing for Strategic Investment newsletter, worried many in the intelligent
community. Colby’s past history of divulging CIA secrets in the past were well known.
Strategic Investor had covered the Vince Foster suicide and had hired handwriting experts
to review Foster’s suicide note.

Admiral Jeremy Boorda: Died on May 16,1996 after
he went home for lunch and decided to shoot himself in the chest (by one report, twice)
rather than be interviewed by Newsweek magazine that afternoon. Explanations for Boorda’s
suicide focused on a claim that he was embarrassed over two "Valor" pins he was
not authorized to wear.

Lance Herndon: Herndon a 41 year old computer
specialist and a  prominent entrepreneur who received a presidential appointment in
1995 died August 10, 1996 under suspicious circumstances. He   appeared to have died
from a blow to the head. Police said no weapons were found at his  mansion, adding
that Mr. Herndon had not been shot or stabbed and there was no evidence of forced entry or
theft.

Neil Moody: Died -August 25, 1996 Following
Vincent Foster’s murder, Lisa Foster married James Moody, a judge in Arkansas, on Jan 1,
1996. Near the time Susan McDougal first went to jail for contempt, Judge Moor’s son, Neil
died in a car crash. There were other reports that Neil Moody had discovered something
very unsettling among his stepmother’s private papers and was threatening to go public
with it just prior to the beginning of the Democratic National Convention. He was alleged
to have been talking to Bob Woodward of the Washington Post about a blockbuster story.
Witnesses said they saw Neil Moody sitting in his car arguing with another person just
prior to His car suddenly speeding off out of control and hitting a brick wall.

Barbara Wise: Wise a 14-year Commerce Department
employee found dead and partially naked in her office following a long weekend. She worked
in the same section as John Huang. Officially, she is said to have died of natural causes.

Doug Adams: Died
January 7, 1997- A lawyer in Arkansas who got involved trying to help the people who were
being swindled out of their life savings. Adams was found in his vehicle with a gunshot
wound to his head in a Springfield Mo. hospital parking lot.

Mary C. Mahoney: 25, murdered at the Georgetown
Starbuck’s coffee bar over the 4th of July ’97 weekend. She was a former White House
intern who worked with John Huang. Apparently she knew Monica Lewinsky and her sexual
encounters with Bill Clinton. Although not verified, it has been said that Lewinsky told
Linda Tripp that she did not want to end up like Mahoney.

Ronald Miller: Suddenly took ill on October
3rd,1997 and steadily worsened until his death 9 days later. (This pattern fits Ricin
poisoning.) Owing to the strangeness of the illness, doctors at the Integris Baptist
Medical Center referred the matter to the Oklahoma State Medical Examiner’s Office. The
Oklahoma State Medical Examiner’s Office promptly ran tests on samples of Ron Miller’s
blood, but has refused to release the results or even to confirm that the tests were ever
completed.

Had been investigated by authorities over the sale of his company,
Gage Corp. to Dynamic Energy Resources, Inc. was the man who tape recorded Gene and Nora
Lum and turned those tapes (and other records) over to congressional oversight
investigators. The Lums were sentenced to prison for campaign finance violations, using
"straw donors" to conceal the size of their contributions to various candidates.
Indeed, Dynamic Energy Resources, Inc. had hired Ron Brown’s son Michael solely for the
purpose of funneling $60,000 through him to the Commerce Secretary, according to Nolanda
Hill’s testimony.

Sandy Hume: On
Sunday, February 22nd, 1998, Sandy Hume, the 28 year old son of journalist Britt Hume, was
reportedly found dead in his Arlington, Virginia home. Aside from the statement that this
was an "apparent" suicide, there remains in place a total media blackout on this
story, possibly out of concern that the actual facts will not withstand public scrutiny.
Worked for Hill magazine, about Congress for Congress.

Jim McDougal: Bill and
Hillary Clinton friend, banker, and political ally, sent to prison for  eighteen
felony convictions. A key whitewater witness, dies of a heart attack on March, 8 1998. As
of this writing allegations that he was given an injection of the diuretic lasix has not
been denied or confirmed.
Died on March 8, 1998

Johnny Lawhon: 29, died March 29, 1998- The
Arkansas transmission specialist who discovered a pile of Whitewater documents in the
trunk of an abandoned car on his property and turned them over to Starr, was killed in a
car wreck two weeks after the McDougal death.. Details of the "accident" have
been sketchy — even from the local Little Rock newspaper.

Charles Wilbourne Miller: 63, was found dead of a
gunshot wound to the head on November 17, 1998  in a shallow pit about 300 yards from
his ranch house near Little Rock. Police found a .410 gauge shotgun near Miller’s body and
a Ruger .357-caliber revolver submerged in water. Investigators concluded the Ruger was
the weapon used by Miller to kill himself. Yet, two rounds in the handgun’s cylinder had
been spent.

He had long served as executive vice president and member of the board of directors for a
company called Alltel and was deeply involved in his own software engineering company
until the day he died. Alltel is the successor to Jackson Stephens’ Systematics, the
company that provided the software for the White House’s "Big Brother" data base
system and that was behind the administration’s plan to develop the secret computer
"Clipper" chip to bug every phone, fax and email transmission in America.

Carlos Ghigliotti: 42, was found dead in his home just outside of Washington
D.C.
on April 28, 2000. There was no sign of a break-in or
struggle at the firm of Infrared Technology  where the badly decomposed body of
Ghigliotti was found. Ghigliotti had not been seen for several weeks.

Ghigliotti, a thermal imaging analyst hired by the House Government
Reform Committee to review tape of the siege, said he determined the FBI fired shots on
April 19, 1993. The FBI has explained the light bursts on infrared footage as reflections
of sun rays on shards of glass or other debris that littered the scene.

"I conclude this based on the groundview videotapes taken from
several different angles simultaneously and based on the overhead thermal tape,"
Ghigliotti told The Washington Post last October. "The gunfire from the ground is
there, without a doubt."

Ghigliotti said the tapes also confirm the Davidians fired
repeatedly at FBI agents during the assault, which ended when flames raced through the
compound. About 80 Branch Davidians perished that day, some from the fire, others from
gunshot wounds.

Mark Corallo, a spokesman for the congressional committee chaired by
Rep. Dan Burton, R-Ind., said that police found the business card of a committee
investigator in Ghigliotti’s office. Corallo said Ghigliotti’s work for the committee
ended some time ago.

Tony Moser: was killed as he crossed a street in Pine Bluff, Ark on on June 10, 2000. Killed 10 days after being named a columnist for the Democrat-Gazette newspaper and two days after penning a stinging indictment of political corruption in Little Rock.
Police have concluded that no charges will be filed against the unnamed driver of a 1995 Chevrolet pickup, which hit Moser as he was walking alone in the middle of unlit Rhinehart Road about 10:10 p.m
Police say they have ruled out foul play and will file no charges against the driver because he was not intoxicated and there was no sign of excessive speed.

Published originally at EtherZone.com, republication allowed with this notice and hyperlink intact.


Protocols of the meetings of the learned elders of Zion in modern English

Sport? TV? Entertainment? Everything is used by the ‘enlightened few’ to hypnotize and take advantage of YOU!

A one page summary…
Goyim* are mentally inferior to Jews and can’t run their nations properly. For their sake and ours, we need to abolish their governments and replace them with a single government. This will take a long time and involve much bloodshed, but it’s for a good cause. Here’s what we’ll need to do:

  • Place our agents and helpers everywhere
  • Take control of the media and use it in propaganda for our plans
  • Start fights between different races, classes and religions
  • Use bribery, threats and blackmail to get our way
  • Use Freemasonic Lodges to attract potential public officials
  • Appeal to successful people’s egos
  • Appoint puppet leaders who can be controlled by blackmail
  • Replace royal rule with socialist rule, then communism, then despotism
  • Abolish all rights and freedoms, except the right of force by us
  • Sacrifice people (including Jews sometimes) when necessary
  • Eliminate religion; replace it with science and materialism
  • Control the education system to spread deception and destroy intellect
  • Rewrite history to our benefit
  • Create entertaining distractions
  • Corrupt minds with filth and perversion
  • Encourage people to spy on one another
  • Keep the masses in poverty and perpetual labor
  • Take possession of all wealth, property and (especially) gold
  • Use gold to manipulate the markets, cause depressions etc.
  • Introduce a progressive tax on wealth
  • Replace sound investment with speculation
  • Make long-term interest-bearing loans to governments
  • Give bad advice to governments and everyone else

Eventually the Goyim will be so angry with their governments (because we’ll blame them for the resulting mess) that they’ll gladly have us take over. We will then appoint a descendant of David to be king of the world, and the remaining Goyim will bow down and sing his praises. Everyone will live in peace and obedient order under his glorious rule.

Source: The French connection
*Goyim=Non-Jews, in Hebrew and Yiddish. Literally, the “peoples.” Sometimes pejorative.

Roubini: Anglo-Saxon model has failed

Source: Financial Times
By: FT Reporters, February 9 2009

The Anglo-Saxon model of supervision and regulation of the financial system has failed, Nouriel Roubini, chairman of RGE Monitor and professor of economics at New York University, told the Financial Times on Monday.

Answering questions from FT.com readers, Prof Roubini, who is widely credited with having predicted the current financial crisis, said the supervisory system “relied on self-regulation that, in effect, meant no regulation; on market discipline that does not exist when there is euphoria and irrational exuberance; on internal risk management models that fail because – as a former chief executive of Citi put it – when the music is playing you gotta stand up and dance.”

“All the pillars of Basel II have already failed even before being implemented,” he added, referring to the internationally agreed set of banking regulations that are forcing banks to set aside more capital to maintain their existing lending.

Prof Roubini also predicted that it was possible another large bank could fail, saying: “In many countries the banks may be too big to fail but also too big to save, as the fiscal/financial resources of the sovereign may not be large enough to rescue such large insolvencies in the financial system”.

He also criticised the US and UK approach to bank bail-outs, comparing it with attempts by Japan in the 1990s to solve its banking crisis. “The current US and UK approach may end up looking like the zombie banks of Japan that were never properly restructured and ended up perpetuating the credit crunch and credit freeze,” he said.

Related

Ask the expert: Nouriel Roubini – Feb-04
Video series: Credit crunch conversations – Jan-16
Willem Buiter’s Maverecon blog – Feb-02

Could a depression bring fascism to Britain?

This post is commenting on Ed Balls’ views about the seriousness of the global economic situation found here
Source: Telegraph.co.uk
By: Daniel Hannan, Feb 10 2009
What if he’s right, this Balls fellow? What if fascism – or at least some mutant strain of fascism – comes to Britain on the back of a new Depression?

We like to think that we’re above all that sort of thing: we leave fascism to excitable foreigners who enjoy uniforms and parades and shiny black boots. Then again, parliamentary democracy seemed pretty secure in most of the Western world in the 1920s. It collapsed quickly enough once the Slump came. Even Britain, emphatically anti-fascist, adopted its own version of the corporatist state, forming a national government in which almost all the parties were in power, and vastly extending state control.

Could it happen again? Listen to the way people talk about their politicians. Read the comment thread here. Consider the ease with which people accept the argument that a court or a quango, rather than the electorate, should decide whether an MP is doing enough for her constituents.

As Charles Moore puts it in today’s paper:

Because voters are so angry – rightly – about “sleaze”, they have almost forgotten that those they elect must have “privileges”. That is to say, they must have rights against the power of what is still sometimes called the Crown, but which means, in reality, the might of government and the power of “Europe”. Parliament has sacrificed these privileges, preferring material ones, and has therefore lost respect. If we had a civil war today, few would fight for it. Potential tyrants will note that fact with interest.

I watched a similar thing happen in South America in the 1990s where, again, parliamentary rule seemed secure. If you listened carefully, though, you detected a disquieting undertone. People had started to give up on politics and politicians. “They’re all the same”, people said. “They’re in it for themselves”. “It doesn’t matter how you vote: nothing ever changes”.

Sound familiar? During the boom years, the system seemed to be working, and the angry muttering of the voters was a harmless descant to the main political melody. Once the banks failed, though, things changed. South Americans started turning against the parliamentarians whom they blamed for their discontents, and handing supreme power to a set of angry caudillos who articulated their dislike of the old elites: Hugo Chávez in Venezuela, Evo Morales in Bolivia, Rafael Correa in Ecuador. Alright, they may not exactly be fascists, these strongmen, but they have destroyed every independent check on their power: their legislatures, their courts, their electoral commissions, their independent media. If not anti-democratic, they are anti-parliamentary, basing their appeal on plebsicites, state spending, patronage and aggressive nationalism. They are, if you like, Bonapartists.

Who’s to say it couldn’t happen in Western Europe, even in Britain? Look at the early signs: the demands for protectionism; “British jobs for British workers”; the surge in state spending and nationalisation; the scapegoating of wicked capitalists; above all, the contempt for parliamentarians. Are you absolutely sure we are immune?

Related

Bonapartism | Depression | Ed Balls | Fascist | Hugo Chavez | Slump

The History of the House of Rothschild

Source: I am the Witness.com
By: Andrew Hitchcock

Notes:

  • Andrew Hitchcock also wrote a history for the bankers: DarylBradfordSmith_Bankers.htm
  • One of our listeners added images and photos and turned this Rothschild document into a PowerPoint presentation. It is very large; 67 megabytes: RothschildsTimeline.ppt

    If you don’t have PowerPoint, get a free PowerPoint viewer from Microsoft here.

  • Andrew Hitchcock has this Rothschild history available as a paper book in the UK: www.theSynagogueOfSatan.com
  • The book is sold in the USA by Texe Marrs here.
  • We  also have an interview with Hitchcock at this page.

Definition of Zionism:

an organization of Jews whose goal is to create a nation for Jews.

Definition of Judaism:

Jews collectively who practice a religion based on the Torah and the Talmud.

The Rothschilds have been in control of the world for a very long time, their tentacles reaching into many aspects of our daily lives, as is documented in the following timeline.  However, before you jump to the timeline, please read this invaluable introduction which will tell you who the Rothschilds are as oppose to who they claim to be.The Rothschilds claim that they are Jewish, when in fact they are Khazars. They are from a country called Khazaria, which occupied the land locked between the Black Sea and the Caspian Sea which is now predominantly occupied by Georgia.  The reason the Rothschilds claim to be Jewish is that the Khazars under the instruction of the King, converted to the Jewish faith in 740 A.D., but of course that did not include converting their Asiatic Mongolian genes to the genes of the Jewish people.

You will find that approximately 90% of people in the world today who call themselves Jews are actually Khazars, or as they like to be known, Ashkenazi Jews.  These people knowingly lie to the world with their claims that the land of Israel is theirs by birthright, when in actual fact their real

Continue reading →

The History of the “Money Changers”

Economists continually try and sell the public the idea that recessions or depressions are a natural part of what they call the “business cycle”. This timeline below will prove that is simply not the case. Recessions and depressions only occur because the Central Bankers manipulate the money supply, to ensure more and more is in their hands and less and less is in the hands of the people. Central Bankers developed out of money changers and it is with these people we pick the story up in 48 B.C. below.

48 B.C.
Julius Caesar

Julius Caesar took back from the money changers the power to coin money and then minted coins for the benefit of all. With this new, plentiful supply of money, he established many massive construction projects and built great public works. By making money plentiful, Caesar won the love of the common people.

But the money changers hated him for it and this is why Caesar was assassinated. Immediately after his assassination came the demise of plentiful money in Rome, taxes increased, as did corruption.

Eventually the Roman money supply was reduced by 90 per cent, which resulted in the common people losing their lands and homes.

30 A.D.
Jesus Chrisght

Jesus Christ in the last year of his life uses physical force to throw the money changers out of the temple. This was the only time during the the life of his ministry in which he used physical force against anyone.

When Jews came to Jerusalem to pay their Temple tax, they could only pay it with a special coin, the half-shekel. This was a half-ounce of pure silver, about the size of a quarter. It was the only coin at that time which was pure silver and of assured weight, without the image of a pagan Emperor, and therefore to the Jews it was the only coin acceptable to God.

Unfortunately these coins were not plentiful, the money changers had cornered the market on them, and so they raised the price of them to whatever the market could bear. They used their monopoly they had on these coins to make exorbitant profits, forcing the Jews to pay whatever these money changers demanded.

Jesus threw the money changers out as their monopoly on these coins totally violated the sanctity of God’s house. These money changers called for his death days later.

1024 The money changers had control of Medieval England’s money supply and at this time were generally known as goldsmiths. Paper money started out and this was simply a receipt you would get after depositing gold with a goldsmith, in their safe rooms or vaults. This paper started being traded as it was far more convenient than carrying round a lot of heavy gold and silver coins. 

Over time, to simplify the process, the receipts were made to the bearer, rather than to the individual depositor, making it readily transferable without the need for a signature. This, also, broke the tie to any identifiable deposit of gold.

Eventually the goldsmiths recognized that only a fraction of depositors ever came in and demanded their gold at any one time, so they found out how they could cheat on the system. They started to issue more receipts than they had gold to back those receipts and no one would be any the wiser. They would loan out these receipts which were not backed by the gold they had in their depositories and collect interest on them.

This was the birth of the system we know today as Fractional Reserve Banking, and like this system of today this meant the goldsmiths were able to make astronomical amounts of money by loaning out, what was essentially fraudulent receipts, as they were for gold the goldsmiths didn’t even possess. As they gradually got more confident they would loan out up to 10 times the amount they had in their deposits.

To simplify how they made money on this, let’s give an example in which a goldsmith charges the same rate of interest to creditors and debtors. In this example a goldsmith would pay interest of 6% on gold you had deposited with them, and then charge 6% interest on money, I mean fraudulent receipts, you borrowed from them. As they would lend out ten times what you had deposited with them, whilst they’re paying you 6% interest, they are making 60% interest. This is on your gold.

The goldsmiths also discovered that their control of this fraudulent money supply gave them control over the economy and the assets of the people. They exacted their control by rowing the economy between easy money and tight money.

The way they did this was to make money easy to borrow and therefore increase the amount of money in circulation, then suddenly tighten the money supply, taking it out of circulation by making loans more difficult to get or stopping offering them altogether.

Why did they do this? Simple, because the result would be a certain percentage of the people being unable to repay their previous loans, and not having the facility to take out new ones, so they would go bankrupt and be forced to sell their assets to the goldsmiths for literally pennies on the dollar.

This is exactly what happens in the world economy of today, but is referred to with words like, “the business cycle,” “boom and bust,” “recession,” and “depression,” in order to confuse the population of the money changers scam.

1100
King Henry I

King Henry I succeeds King William II to the throne of England. During his reign he decided to take the power the money changers had over the people, and he did this by creating a completely new form of money that took the form of a stick! This stick was called, a “talley stick,” and ended up being the longest lasting form of currency, lasting 726 years until 1826 (even though other currencies came and went in that same period and ran alongside the talley sticks).

The talley stick was a stick of polished wood into which notches were cut along one side, to indicate the denomination of money the stick represented. The stick was then split lengthwise through the notches, so that both pieces had a record of the notches. The King kept one half to protect against counterfeiting and the other half was spent into the economy and circulated as money.

It was also one of the most successful money systems in history, as the King demanded that all the King’s taxes had to be paid in, “talley sticks,” so this increased their circulation and acceptance as a legitimate form of money. This system would work well in keeping the power away from the money changers in England.

1225
St. Thomas Aquinas

St. Thomas Aquinas is born, the leading theologian of the Catholic Church who argued that the charging of interest is wrong because it applies to “double charging,” charging for both the money and the use of the money.

This concept followed the teachings of Aristotle that taught the purpose of money was to serve the members of society and to facilitate the exchange of goods needed to lead a virtuous life. Interest was contrary to reason and justice because it put an unnecessary burden on the use of money.

Thus, Church law in Middle Ages Europe forbade the charging of interest on loans and even made it a crime called, “usury.”

1509
King Henry VIII

King Henry VIII succeeds King Henry VII to the throne in England. During his reign he relaxed the laws regarding usury, and and the money changers did not waste any time in re-asserting themselves over the population. They quickly made their gold and silver coin system plentiful again. It is interesting to note that under King Henry VIII the Church of England separated from Roman Catholicism, whose Church law prevented the charging of interest on money.

1553
Queen Mary I

Queen Mary I succeeds Lady Jane Grey’s nine day reign to the throne in England. During her reign, Queen Mary I, a staunch Catholic, tightened the usury laws again. The money changers were not amused and in revenge they tightened the money supply by hoarding gold and silver coins and causing the economy to plummet.

1558
Queen Elizabeth I

Queen Elizabeth I succeeds Queen Mary I, her half sister, to the throne in England. During her reign, Queen Elizabeth I decided that in order to wrest control of the money supply she would have to issue her own gold and silver coins. She did this through the public treasury and successfully took control of the money supply from the money changers.

1609 The money changers in the Netherlands establish the the first central bank in history, in Amsterdam.
1642
Oliver Cromwell

Oliver Cromwell is financed by the money changers for the purposes of fomenting a revolution in England, and allowing them to take control of the money system again. After much bloodshed, Cromwell finally purges the parliament, overthrows King Charles I and puts him to death in 1649.

The money changers immediately consolidate their power and for the next few decades plunge Great Britain into a costly series of wars. They also take over a square mile of property in the center of London which becomes known as the City of London.

1688
William of Orange

The money changers in England following a series of squabbles with the Stuart Kings, Charles II (1660 – 1685) and James II (1685 – 1688), conspire with their far more successful money changing counterparts in the Netherlands, who had already set up a central bank there.

They decide to finance an invasion by William of Orange of Netherlands who they sound out and establish will be more favorable to them. The invasion is successful and William of Orange ascends to the throne in England as King William III in 1689.

1694
The Charter of the Bank of England (1694)
The Charter of the Bank of England (1694)

Following a costly series of wars over the last 50 years, English Government officials go, cap in hand, to the money changers for loans necessary to pursue their political purposes. The money changers agree to solve this problem in exchange for a government sanctioned privately owned bank which could issue money created out of nothing.

This was deceptively named the, “Bank of England,” for the sole purpose of duping the general public into believing it was part of the government, which it was not.

Like any other private corporation the Bank of England sold shares to get started. The private investors, whose names were never revealed, were supposed to put up £1,250,000 in gold coins to buy their shares in the bank, but only £750,000 was ever received. Despite that the bank was duly chartered and began loaning out several times the money it supposedly had in reserves, all at interest.

William Paterson

Although the Bank of England’s private investors were never revealed, one of the Directors, William Paterson, stated,

“The Bank hath benefit of interest on all monies which it creates out of nothing.”

Furthermore the Bank of England would loan government officials as much of the new currency as they wanted, as long as they secured the debt by direct taxation of the British people. The Bank of England amounted to nothing less than the legal counterfeiting of a national currency for private gain, and thus any country that would fall under the control of a private bank would amount to nothing more than a plutocracy.

Soon after the Bank of England was formed it attacked the talley stick system, as it was money outside of the power of the money changers, just as King Henry I had intended it to be.

1698 Following four years of the Bank of England, their plan to control the money supply had come on in leaps and bounds. They had flooded the country with so much money that the Government debt to the Bank had grown from the initial £1,250,000, to £16,000,000, in only four years. That’s an increase of 1,280%. 

Why do they do it? Simple, if the money in circulation in a country is £5,000,000, and a central bank is set up and prints another £15,000,000, stage one of the plan, sends it out into the economy through loans etc, than this will reduce the value of the initial £5,000,000 in circulation before the bank was formed. This is because the initial £5,000,000 is now only 25% of the economy. It will also give the bank control of 75% of the money in circulation with the £15,000,000 they sent out into the economy.

This also causes inflation which is the reduction in worth of money borne by the common person, due to the economy being flooded with too much money, an economy which the Central Bank are responsible for. As the common person’s money is worth less, he has to go to the bank to get a loan to help run his business etc, and when the Central Bank are satisfied there are enough people with debt out there, the bank will tighten the supply of money by not offering loans. This is stage two of the plan.

Stage three, is sitting back and waiting for the debtors to them to go bankrupt, allowing the bank to then seize from them real wealth, businesses and property etc, for pennies on the dollar. Inflation never effects a central bank in fact they are the only group who can benefit from it, as if they are ever short of money they can simply print more.

1757 Benjamin Franklin travels to England and would spend the next 18 years of his life there until just before the start of the American Revolution.
1760
Mayer Amschel Rothschild

Mayer Amschel Bauer changes him name to Mayer Amschel Rothschild and sets up the, House Of Rothschild, and soon learns that if he loans out money to Governments and Royalty then this is far more profitable than loaning to individuals. This is because the loans made are bigger and backed by their nations’ taxes. He trains his five sons in the art of money creation.

1764
Benjamin Franklin

Benjamin Franklin is asked by officials of the Bank of England to explain the prosperity of the colonies in America. He replies,

“That is simple. In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in 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 no one.”

As a result of Franklin’s statement, the British 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. Referring to after this act was passed, Franklin would state the following in his autobiography,

“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 the unemployed … 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 viability of the colonists to get power to issue their own money permanently out of the hands of King George III and the international bankers was the prime reason for the revolutionary war.”

Control of America’s money system will change hands 8 times since 1764.

1775 April 19th, start of the revolutionary war in Lexington, Massachusetts. By this time the colonies had been drained of silver and gold coins as a result of British taxation. As a result of this, the continental government had no choice but to print money to finance the war. 

At the start of the revolution the American money supply stood at $12,000,000. By the end of the war it was nearly $500,000,000 and as a result the currency was virtually worthless. An example of this is that a pair of shoes now sold for $5,000 dollars. This also shows the danger of printing too much money. The reason Colonial Scrip had worked was because just enough was used to facilitate trade.

1781
Robert Morris

Towards the end of the American Revolution the Continental Congress were desperate for money, so they allowed Robert Morris, their Financial Superintendent, to open a privately owned central bank, in the hope this would sort out the money problem.

Morris was a wealthy man who had grown wealthier during the revolution by trading in war materials. This first central bank in America was called the Bank of North America, which was set up with a four year charter, and was closely modeled after the Bank of England. It was allowed to practice the fraudulent system of fractional reserve banking, so it could create money it didn’t have, then charge interest on it.

The bank’s charter called for private investors to put up $400,000 of initial capital, which Morris found himself unable to raise. Nevertheless he unashamedly used his political influence to have gold deposited in the bank, which had been loaned to America by France. Morris then loaned the money he needed to buy this bank from this deposit of gold that belonged to the government, or rather the American people.

This Bank of North America, again deceptively named so the common people would believe it was under the control of the government, was given a monopoly over the national currency.

1785
William Findlay
William Findlay

Despite the promises of Robert Morris that his privately owned Bank of North America would solve the problem with the money supply, of course the economy continued to plummet, forcing the Continental Congress not to renew the bank’s charter. The leader of the effort to kill this bank was William Findlay of Pennsylvania, who stated,

“This institution, having no principle but that of avarice, will never be varied in its objective … to engross all the wealth, power and influence of the state.”

Mayer Amschel Rothschild moves his family home to a five storey home in Frankfurt, Germany, which he shares with the Schiff family, (a descendant of both Rothschild and Schiff, Jacob Schiff, who would be born in this house, would, some 128 years later, be instrumental in the setting up of the Federal Reserve).

1787
The US Constitution

Colonial leaders assemble in Philadelphia to replace the Articles of Confederation with the ConstitutionGovernor Morris headed the final draft of the Constitution and he knew the motivation of the bankers well as he had once worked for them. Governor Morris along with his former boss Robert Morris, and Alexander Hamilton had presented the original plan for the Bank of North America to the Continental Congress, in the final year of the Revolution.

Fortunately Governor Morris by this time had discovered his conscience, defected from Robert Morris, and in a letter to James Madison dated July 2nd of this year he stated,

“The rich will 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
Governor Morris

James Madison was opposed to a privately owned central bank after seeing the exploitation of the people by the Bank of England. Thomas Jefferson was also against it, and Jefferson later made the following statement,

“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.”

Sadly the words of wisdom of Governor Morris and Thomas Jefferson fell on deaf ears. Alexander Hamilton, Robert Morris and Thomas Willing, convinced the the bulk of the delegates to this Constitutional convention, not to give Congress the power to issue paper money.

James Madison

They were aware that most of these delegates were still reeling from the wild inflation of the paper money during the revolution. These delegates also had short memories and didn’t remember how well Colonial Scrip had worked before the war, or Benjamin Franklin’s words of wisdom in 1764.

As a result the Constitution was silent on the issue of paper money by the Government for the citizens, leaving a wide open door for money changers in the future.

1790 Less than 3 years after the Constitution had been signed, the newly appointed First Secretary of the Treasury, Alexander Hamilton, proposed a bill to the Congress calling for a new privately owned central bank. Interestingly, Alexander Hamilton’s first job after graduating from law school in 1782 was as an aide to Robert Morris, a man who he had written to in 1781 stating, “a national debt if it is not excessive will be to us a national blessing.”
1791
Alexander Hamilton

The three main players behind the Bank Of North America were: Robert Morris; Alexander Hamilton; and the Bank’s President, Thomas Willing. These men did not give up and Alexander Hamilton, now Secretary of the Treasury, a man who described Robert Morris as his, “mentor,” managed to get a new privately owned central bank through the new Congress.

This new bank was called the, “First Bank of the United States,” and was exactly the same as the Bank of North America. Robert Morris controlled it, Thomas Willing was the Bank’s President, only the name had changed.

This bank came into being after a year of intense debate and was given a 20 year charter. It was given a monopoly on printing United States currency even though 80% of it’s stock was held by private investors. The other 20% was purchased by the United States government, but this was not to give it a piece if the action, but to provide the capital for the private investors to purchase the other 80%.

Thomas Willing
Thomas Willing

As with the Bank of England and the old Bank of North America, these private investors never paid the full agreed amount for their shares. What happened was through the fraudulent system of fractional reserve banking, the government’s 20% stake which was $2,000,000 in cash, was used to make loans to its private investors to purchase the other 80% stake, £8,000,000, for this risk free investment.

Again like the Bank of England and the old Bank of North America, the name, “First Bank of the United States,” was deliberately chosen to hide from the common people the fact that it was privately owned. The names of the investors in this bank were never revealed, although it is now widely believed that the Rothschilds were behind it.

Interestingly in 1790 when Alexander Hamilton proposed this bank in Congress, Mayer Amschel Rothschild made the following statement from his bank in Frankfurt, Germany,

“Let me issue and control a nation’s money and I care not who writes the laws.”

1796 The First Bank of the United States has been controlling the American money supply for 5 years. During this time the American Government has borrowed $8,200,000 from this Central Bank, and prices in the country have increased by 72%. In relation to this, Thomas Jefferson, then Secretary of State stated,

“I wish it were possible to obtain a single amendment to our constitution taking from the Federal Government their power of borrowing.”

1798 Mayer Amschel Rothschild sends his son, Nathan, at the age of 21, to England with a sum of money equivalent to £20,000, to set up a money changers there.
1800
Napoleon

In France, the Bank of France was set up. However, Napoleon decided France had to break free of the debt and he therefore never trusted this bank. He declared that when a government is dependent on bankers for money, it is the bankers and not the government leaders that are in control. He stated,

“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.”

1803
Thomas Jefferson

Now President Thomas Jefferson, President Jefferson struck a deal with Napoleon in France. The United States would give Napoleon $3,000,000 of gold in exchange for a huge chunk of territory west of the Mississippi River. This was called the Louisiana purchase.

Napoleon used this gold to put together an army. He then used this army to set off across Europe where he began to conquer everything in his path. The Bank of England quickly rose to oppose Napoleon and financed every nation in his path, as usual profiteering from war. Prussia, Austria, and then finally Russia all went heavily into debt in a futile attempt to stop Napoleon.

1807
Duke Of Wellington
Duke Of Wellington

30 year old Nathan Rothschild, head of the English branch of the family in London, personally takes charge of a plan to smuggle a much needed shipment of gold through France to Spain to finance an attack by the Duke Of Wellington on Napoleon, from there.

1811
Nathan Rothschild
Nathan Rothschild

A bill was put before Congress to renew the charter of the First Bank of the United States. The legislatures of both Pennsylvania and Virginia pass resolutions asking Congress to kill the bank. The national press openly attack the bank calling it: a great swindle; a vulture; a viper; and a cobra.

Nathan Rothschild gets in on the act and makes the following revealing statement as to who was really behind the First Bank of the United States,

“Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.”

George Clinton
George Clinton

When the smoke had cleared the renewal bill was cleared by a single vote in the house and was deadlocked in the Senate.

At this point America’s fourth President, President James Madison was in the White House. He was a staunch opponent of the bank and he sent his Vice-President, George Clinton, to break a tie in the Senate which killed the bank.

1812 As promised by Nathan Rothschild, because the charter for the First Bank of the United States is not renewed, thousands have to die and the British attack America. However, as the British are still busy fighting Napoleon, they are unable to mount much of an assault and the war ends in 1814 with America undefeated.
1814 Wellington’s attacks from the South and other defeats eventually forced Napoleon to abdicate and Louis XVIII is crowned King. Napoleon is exiled to the tiny island of Elba, off the coast of Italy.
1815 Napoleon escapes his exile and returns to Paris. French troops were sent to capture him, but he uses his charisma to convince these soldiers to rally round him, and they subsequently hail him as their emperor once again. In March, Napoleon assembles an army which England’s Duke of Wellington defeated less than 90 days later at Waterloo. 

Even though the outcome is predetermined, these bankers don’t like to take any sort of risk, they’re too used to a monopoly. Therefore Nathan Rothschild sent a trusted courier named Rothworth to Waterloo where he stayed on the edge of the battlefield. Once the battle was decided, Rothworth took off for the Channel, and delivered the news of Wellington’s victory to Nathan Rothschild a full 24 hours before Wellington’s own courier.

Nathan Rothschild hurried to the London Stock market and stood in his usual position. All eyes were on him as Rothschild had a legendary communications network. Rothschild stood there looking forlorn and suddenly started selling. The other traders believed that this meant he had heard that Napoleon had won so they all started selling frantically.

The market subsequently plummeted, soon everyone was selling their consuls (British Government Bonds), but then Rothschild secretly started buying them all up through his agents on the floor, for a fraction of what they were worth only hours before. A lot of these consuls were able to be converted to Bank of England stock, which is how Rothschild took over the control of the Bank of England and therefore the British money supply.

Interestingly, 100 years later, the New York Times ran a story stating that Nathan Rothschild’s grandson had attempted to secure a court order to suppress a book with this, what we would call today, “insider trading,” story in it. The Rothschild family claimed the story was untrue and libelous, but the court denied the Rothschilds request and ordered the family to pay all court costs.

Nathan Rothschild openly brags that in his 17 years in England he had increased his initial £20,000 stake given to him by his father, 2500 times to £50,000,000.

Some people ask, why do bankers want war? Simple, bankers finance both sides in a war. They do this because war is the biggest debt generator of them all. A nation will borrow any amount for victory, even though the banks have already predetermined the outcome. The ultimate loser is loaned just enough money to hold out a vain hope of victory and the ultimate winner is given enough to ensure that he does win.

How do the banks ensure they will get all their money back? Easy, such loans are given on the guarantee that the victor will honor the debts of the vanquished. Never mind the thousands of troops that give their lives on the pretext it is for the honor of their respective nations, when it is actually for the profits of bankers.

In fact, during the period between the founding of the Bank of England in 1694 and Napoleon’s defeat at Waterloo this year, England had been at war for 56 years, with much of the remaining time spent preparing for war. If it’s a good business for bankers’ profits, then why change it.

1816
Second Bank of the United States

The American Congress passes a bill permitting yet another privately owned central bank. This bank was called the “Second Bank of the United States” and it’s charter was a carbon copy of that of its predecessor, the First Bank of the United States. The United States government would once again supposedly own 20% of the shares of the bank.

Their share was again paid up front into the bank and thanks to fraudulent fractional reserve lending, this was transformed into loans to the private investors who once again purchased the remaining 80% of the shares. Just as before the names of these investors was kept a secret.

1826 The talley stick is taken out of circulation in England.
1828
Andrew Jackson

After 12 years during which the Second Bank of the United States, ruthlessly manipulated the American economy to the detriment of the people but to the benefit of their own money grabbing ends, the American people had unsurprisingly had enough. Opponents of this bank nominated Senator Andrew Jackson of Tennessee to run for President.

To the dismay of the money changers, Jackson won the Presidency and made it quite clear he intended to kill this bank at his first opportunity. He started out during his first term in office, to root out the banks many minions from government service. To illustrate how deep this cancer was rooted in government, he fired 2,000 of the 11,000 employees of the Federal Government.

1832 The Second Bank of the United States, ask Congress to pass a renewal of the bank’s charter, four years early. Congress complied and sent the bill to President Jackson for signing. President Jackson vetoed this bill and in his veto message he stated the following,

“It is not our own citizens only who are to receive the bounty of our Government. More than eight millions of the stock of the Bank are held by foreigners … Is there no danger to out 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 moneys, 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 the 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 wide and unnecessary departure from these just principles.”

In July, Congress was unable to override President Jackson’s veto. President Jackson then stood for re-election and for the first time in American history he took his argument directly to the people by taking his re-election campaign on the road. His campaign slogan was,

“Jackson And No Bank!”

Even though the bankers poured over $3,000,000 into President Jackson’s opponent, the Republican, Senator Henry Clays’ campaign, President Jackson was re-elected by a landslide in November. President Jackson knew the battle was only beginning however, and following his victory he stated,

“The hydra of corruption is only scotched, not dead!”

1833
Roger B. Taney

President Jackson appoints Roger B. Taney as Secretary of State for the Treasury, with instructions to start removing the government’s deposits from the Second Bank of the United States. President Jackson’s previous two Secretaries of State for the Treasury, William J. Duane and Louis McLane had both refused to comply with President Jackson’s request and were fired as a result.

However the head of the, Second Bank of the United States, Nicholas Biddle, used his influence to get the Senate to reject Roger B. Taney’s nomination and even threatened to cause a depression if the Bank was not re-chartered. Biddle stated,

“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.”

Biddle then went on to brazenly admit that the bank was intending to make money scarce in order to force the hand of Congress into re-chartering the bank. He stated,

“Nothing but widespread suffering will produce any effect on Congress … Our only safety is 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 re-charter of the Bank.”

Nicholas Biddle
Nicholas Biddle

What Biddle has done with that statement is prove to the world what central banks were really about. He made good on his word, and the Second Bank of the United States, sharply contracted the money supply by calling in old loans and refusing to issue new ones. Naturally a financial panic ensued, followed by America being plunged into a deep depression.

Biddle then unashamedly blamed President Jackson for the crash, claiming that it was Jackson’s withdrawal of federal funds that had caused it. This crash plunged wages and prices, unemployment soared along with business bankruptcies. The United States was in uproar and newspaper editors blasted the President in editorials.

1835 Congress assembled what was called the, “Panic Session,” and on 27 March President Jackson was officially censured by Congress for withdrawing funds from the Second Bank of the United States, in a vote which passed the Senate by 26 to 20. It was the first time a President had ever been censured by Congress and Jackson stated of the Bank,

“You are a den of thieves vipers, and I intend to rout you out, and by the Eternal God, I will rout you out.”

George Wolf

However, Pennsylvania Governor, George Wolf, came out in support of President Jackson and strongly criticized the Bank. This, coupled with the fact that Nicholas Biddle had been caught boasting in public about the bank’s plan to crash the American economy, caused a shift in opinion of President Jackson’s action.

In a complete about turn on April 4, the House of Representatives voted 134 to 82 against re-chartering the bank. This was followed by another strong vote which established a special committee to investigate whether the Bank had caused the crash.

However, when the investigating committee arrived at the bank’s door in Philadelphia with a subpoena authorizing them to inspect the books, Nicholas Biddle refused to give them up, or allow inspection of correspondence with Congressmen relating to their personal loans and advancements he had made to them. He also refused to testify before the committee back in Washington.

1836 The Charter for the Second Bank of the United States expires, and the Bank ceases functioning as America’s central bank. Nicholas Biddle was later arrested and charged with fraud. He was tried and acquitted but died in 1844 still battling civil suits.
1838 On January 8th President Jackson pays off the final installment of the national debt, which had been necessitated by allowing the banks to issue currency for government bonds, rather than simply issuing treasury notes without such debt. He was the only President to ever pay off the debt.

Richard Lawrence

On January 30th an assassin called Richard Lawrence tried to shoot President Jackson, but both pistols misfired. Lawrence was later found not guilty by reason of insanity. However, after his release he openly bragged that powerful people in Europe had put him up to the task and promised to protect him if he were caught.

When asked what his most important accomplishment had been in life, President Jackson stated without hesitation,

“I killed the Bank!”

It would take the money changers 75 years to establish the next central bank, the Federal Reserve. This time they would take no chances and use one of their own, Jacob Schiff, from the Rothschild bloodline, to undertake this.

1850 Jacob (James) Rothschild in France is said to be worth 600 million francs, which at the time was 150 million francs more than all the other bankers in France put together.
1852
William Gladstone

Future British Prime Minister, William Gladstone, stated the following about when he became Chancellor of the Exchequer this year,

“From the time I took office as Chancellor of the Exchequer, I began to learn that the State held, in the face of the Bank and the City, an essentially false position as to finance. The Government itself was not to be a substantive power, but was to leave the Money Power supreme and unquestioned.”

1861
Abraham Lincoln

One month after the inauguration of President Abraham Lincoln, the American Civil War got underway at Fort Sumter, South Carolina, after South Carolina left the Union. Slavery has always been cited as the cause of the war but this was simply not the case, as President Lincoln himself stated,

“I have no purpose directly or indirectly to interfere with the institution of slavery in the state where it now exists. I believe I have no lawful right to do so, and I have no inclination to do so … 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.”

The real reason for the war is that the Southern States were in an a dire economic situation due to the actions of the Northern States. Northern industrialists had used trade tariffs to prevent the Southern States from buying cheaper European goods. Europe subsequently retaliated by stopping cotton imports from the South. Thus the South were being forced to pay more for goods whilst having their income slashed.

Otto Von Bismarck

This is when the money changers saw the opportunity to divide and conquer America by plunging it into Civil War. This is confirmed by Otto Von Bismarck when he was Chancellor of Germany (1871 – 1890), who stated,

“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 over the world.”

Only months after these first shots in South Carolina, the Central bankers loaned, Napoleon III of France (the Napoleon of the battle of Waterloo’s nephew), 210 million francs to seize Mexico and then station troops along the Southern border of the United States, by taking advantage of the American Civil War to return Mexico to colonial rule.

Napoleon III

This was in violation of the, “Monroe Doctrine,” which was issued by President James Monroe during his seventh annual State of the Union address to Congress, in 1823. This doctrine proclaimed the United States’ opinion that European powers should no longer colonize the Americas or interfere with the affairs of sovereign nations located in the Americas, such as the United States, Mexico, and others.

In return, the United States planned to stay neutral in wars between European powers and in wars between a European power and its colonies. However, if these latter type of wars were to occur in the Americas, the U.S. would view such action as hostile toward itself.

Whilst the French were breaching the, Monroe Doctrine in Mexico, the British followed suit by moving 11,000 troops into Canada and positioning them along America’s Northern border. President Lincoln knew he was in trouble, so he went with his Secretary To The Treasury, Salomon P. Chase, to New York to apply for the loans necessary to fund America’s defense.

The money changers had engineered the war to make the Union fail, and were not about to save it now, so they offered loans at 24% to 36% interest. President Lincoln declined this as they knew he would and returned to Washington, where he sent for Colonel Dick Taylor of Chicago, who he put in charge of the problem of how he should finance the war.

Dick Taylor

During one meeting President Lincoln asked Colonel Taylor what proposals he had come up with to finance the war. Colonel Taylor stated,

“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.”

President Lincoln asked Colonel Taylor if the people of the United States would accept the notes, Colonel Taylor said,

“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 the Constitution.”

1862
Greenbacks

President Lincoln began the printing of $450,000,000 worth of new bills. These bills were printed in green ink on the reverse side, in order to distinguish them from other bills in circulation, and were called, “Greenbacks.” These were printed at no interest to the Federal Government and were used to pay the troops and purchase their supplies. President Lincoln would be the last President to issue debt free United States notes, and on this subject he stated,

“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 Government, but it is in the Government’s greatest creative opportunity. By the adoption of these principles … the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”

In response to this statement, The Times of London publishes a propaganda piece obviously put out by the bankers, containing the following statement,

“If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce.

It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”

1863 The bankers struck back. With President Lincoln needing further congressional authority to issue more Greenbacks, Lincoln was forced into allowing the bankers to push their, “National Banking Act,” through Congress. 

The most important part of this Act was that from now on, the entire United States money supply would be created out of debt by the National Banks buying United States Government Bonds and issuing them for reserves for banknotes. On top of this monopoly, the National Banks were allowed to operate under a virtual tax free status. This banking scam is best explained by historian, John Kenneth Galbraith, who stated,

“In numerous years following the war, the Federal Government ran a heavy surplus. It could not however pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.”

Tsar Alexander II

Later this year, Tsar Alexander II gave President Lincoln some unexpected help. The Tsar issued orders that if either England or France actively intervened in the American Civil War, and help the South, Russia would consider such action a declaration of war. To show that he wasn’t messing about, he sent part of his Pacific Fleet to port in San Francisco.

This wasn’t because the Tsar was benevolent towards America, instead he was very clever. He, like Otto Von Bismarck in Germany, could clearly see what the money changers were up to, indeed he had already refused to let them set up a Central Bank in Russia.

He understood if America was to come under the control of Britain or France, then America would be under the control of Central Bankers once again, and such an expansion of the bankers empire, would mean they would eventually threaten Russia.

1864
Salomon P Chase

President Lincoln is re-elected on November 8th and on November 21 he wrote a friend the following,

“The money power preys upon the nations 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.”

Salomon P Chase, now President Lincoln’s Former Secretary To The Treasury, stated,

“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.”

1865
John Wilkes Booth

On April 14th, 41 days after his second inauguration, and just 5 days after General Lee surrendered to General Grant at Appomattox, President Lincoln is shot by John Wilkes Booth, at Ford’s Theater. He would later die of his injuries. Subsequent allegations that international bankers were responsible for President Lincoln’s assassination, would be made in the Canadian House of Commons, nearly 70 years later in 1934.

The person who revealed this was a Canadian Attorney, Gerald G. McGeer. He 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. McGeer stated that it showed that John Wilkes Booth was a mercenary working for the international bankers. His speech would be reported in an article in the Vancouver Sun, dated, 2nd May 1934, which stated,

“Abraham Lincoln, the murdered 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. There was only one group in the world at that time who had any reason to desire the death of Lincoln.
They were the men opposed to his national currency program and who had fought him throughout the whole Civil War on his policy of Greenback currency.”

Gerald G. McGeer also stated that Lincoln’s assassination was not purely because the International Bankers wanted to re-establish a central bank in America, but also because they wanted to base America’s currency on gold, which they of course controlled. They wanted to put America on a Gold Standard. This was in direct opposition to President Lincoln’s policy of issuing Greenbacks, based solely on the good faith and credit of the United States.

The Vancouver Sun article also quoted Gerald G. McGeer with the following statement,

“They were the men interested in the establishment of the Gold Standard and the right of the bankers to manage the currency and credit of every nation in the world. With Lincoln out of the way they were able to proceed with that plan and did proceed with it in the United States. Within 8 years after Lincoln’s assassination, silver was demonetized and the Gold Standard system set up in the United States.”

1866 The European central bankers wanted the re-institution of a central bank under their control and an American currency backed by gold. They chose gold as gold has always been relatively scarce and therefore a lot easier to monopolize, than, for example, silver, which was plentiful in the United States, and had been found in huge quantities with the opening of the American West. 

So, on April 12th, Congress went back to work at the bidding of the European central bankers. It passed the, “Contraction Act,” which authorized the Secretary of the Treasury to contract the money supply by retiring some of the Greenbacks in circulation.

This money contraction and it’s disastrous results is explained by Theodore R. Thoren and Richard F. Walker, in their book, “The Truth In Money Book,” in which they state the following,

“The hard times which occurred after the Civil War could have been avoided if the Greenback legislation had continued as President Lincoln had intended. Instead there were a series of money panics, what 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.”

This is how the, “Contraction Act,” passed by Congress affected America (the money supply goes down purely because currency in circulation is being withdrawn):

Year In circulation Approximately per capita
1866 $1,800,000,000 $50.46
1867 $1,300,000,000 $44.00
1876 $600,000,000 $14.60
1886 $400,000,000 $6.67

Therefore in the twenty years since 1866 two thirds of the American money supply had been called in by the bankers, representing a 760% loss in buying power over this twenty years. The money became scarce simply because bank loans were called in and no new ones were given.

1872 Ernest Seyd is sent to America on a mission from the Rothschild owned Bank of England. He is given $100,000 which he is to use to bribe as many Congressmen as necessary, for the purposes of getting silver demonetized, as it had been found in huge quantities in the American West, which would eat into Rothschild’s profits.
1873 Ernest Seyd obviously spent his money wisely, as Congress pass the, “Coinage Act,” which results in the minting of silver dollars being abruptly stopped. Furthermore, Representative Samuel Hooper, who introduced the bill in the house, even admitted that Ernest Seyd had actually drafted the legislation.
1874 Ernest Seyd himself admitted who was behind the demonetizing of silver in America, when he makes the following statement,

“I went to America in the winter of 1872-1873, authorized to secure, if I could, the passage of a bill demonetizing silver. It was in the interests 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.”

1876 Due to the manipulation of the money supply in America, one third of the workforce is unemployed and unrest is growing. There are even calls for a return to Greenback money or silver money. As a result, Congress creates the, “United States Silver Commission,” to investigate the problem. 

This commission clearly understood that the national bankers were the cause of the problem, with their deliberate contraction of the money supply. An excerpt of their report reads as follows,

“The disaster of the Dark Ages was caused by decreasing money and falling prices … Without money, civilization could not have had a beginning, and 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 15th century it had shrunk to less than $200,000,000 … History records no other such disastrous transition as that from the Roman Empire to the Dark Ages …”

Despite this damning report from the commission, Congress took no action.

1877 Rioting breaks out from Pittsburgh to Chicago. The bankers get together to decide what to do and they decided to hang on, as they knew that despite the violence, they were now firmly back in control. At the meeting of the American Bankers Association, they urged their membership to do everything in their power, to put down any notion of a return to Greenbacks. 

The American Bankers Association secretary, James Buel, even wrote a letter to the members in which he blatantly called on the banks to subvert both Congress and the press. In this letter he stated,

“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 as oppose the Greenback issue of paper money and 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 issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders. See your Congressman at once and engage him to support our interests that we may control legislation.”

1878 James Buel’s letter clearly had some effect, as although pressure mounted in Congress for change, the press tried to turn the general public away from the truth. An example of this is from the New York Tribune in their 10th January edition in which is stated in a bankers propaganda piece,

“The capital of the country is organized at last and we will see whether Congress will dare to fly in its face.”

This early control of the media didn’t work entirely nevertheless, as on February 28th Congress passed the, “Sherman Law.” This law allowed the minting of a limited number of silver dollars, ending the 5 year hiatus. However this did not mean that anyone who brought silver to the United States Mint could have it struck into silver dollars, free of charge, as in the period prior to Ernest Seyd’s Coinage Act, in 1873. Gold backing of the American currency also remained.

However, this Sherman Law did ensure that some money began to flow into the economy again, and coupled with the fact that the bankers now realized that they were still firmly in control, they started issuing loans again and the post Civil War depression was finally over.

1881
James Garfield

The American people elect the Republican, James Garfield as the 20th President of the United States. This was a worry to the money changers, because as a Congressman, he had been Chairman of the Appropriations Committee, and was a member of Banking and Currency. The money changers were therefore aware that President Garfield was in full knowledge of their scam on the American people. Indeed following his inauguration, President Garfield stated,

“Whosoever 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.”

Strangely enough within a few weeks of making that statement, President Garfield was assassinated on 2nd July.

1891 The money changers spent the last decade creating economic booms followed by depressions, so that they could buy up thousands of homes and farms for pennies on the dollar. They were preparing to take the economy down again in the near future, and in a shocking memo sent out by the American Bankers Association, which would come out in the Congressional Record more than twenty years later, the following is stated,

“On September 1st 1894 we will not renew our loans under any consideration. On September 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 … Then the farmers will become tenants as in England … ,”

1891 American Bankers Association, as printed in the Congressional Record of April 29, 1913.

1896
William Jennings Bryan

The central issue in the Presidential campaign is the issue of more silver money. Senator William Jennings Bryan from Nebraska, a Democrat aged only 36, makes an emotional speech at the Democratic National Convention in Chicago, entitled, “Crown Of Thorns And Cross Of Gold.” Senator Bryan stated,

“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.”

The bankers naturally supported the Republican candidate, William McKinley who in return favored the gold standard. Furthermore those in the McKinley campaign, got manufacturers and industrialists to inform their employees that if Bryan were elected, all factories and plants would close and there would be no work.

This tactic succeeded, McKinley beat Bryan, albeit by a small margin.

1898
Pope Leo XIII

Pope Leo XIII stated the following on the subject of usury,

“On the one hand there is the party which holds the power because it holds the wealth, which has in its grasp all labor and all trade, which manipulates for its own benefit and its own purposes all the sources of supply, and which is powerfully represented in the councils of State itself. On the other side there is the needy and powerless multitude, sore and suffering.

Rapacious usury, which, although more than once condemned by the Church, is nevertheless under a different form but with the same guilt, still practiced by avaricious and grasping men … so that a small number of very rich men have been able to lay upon the masses of the poor a yoke little better than slavery itself.”

1907 During the early 1900’s, the money changers were anxious to advance their business of setting up another private Central Bank for America. Rothschild, Jacob Schiff, the head of Kuhn, Loeb and Co., in a speech to the New York Chamber of Commerce, stated, or rather threatened,

“Unless we have a Central Bank with adequate control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history.”

J. P. Morgan

They put Rothschild agent, J. P. Morgan at the forefront of their charge. Interestingly J. P. Morgan’s father, Julius Morgan, had been America’s financial agent to the British, and after Julius’ death, J. P. Morgan took on a British partner, Edward Grenville, who was a long time director of the Bank Of England.

This year was the year of the money changers attack. J. P. Morgan and his cohorts secretly crashed the stock market. They were aware that thousands of small banks were so vastly over extended, some only had reserves of 1% under the fraudulent fractional reserve principle. Within only a few days, bank runs became commonplace across the nation.

Morgan then stepped up and publicly announced that he would support these failing banks. What he failed to mention is that he would do this by manufacturing money out of nothing. And then what happened, surprise, surprise, Congress let him do it! So, Morgan manufactured $200,000,000 of this completely reserveless private money, purchased goods and services with it, and sent some of it to his branch banks to lend out at interest.

As a result, the general public regained confidence in money, but most importantly it meant the banking power was now further consolidated into the hands of a few large banks.

1908
Woodrow Wilson

With the widespread financial panic over, J. P. Morgan was hailed as a hero by the then President of Princeton University, Woodrow Wilson, who even crassly or arrogantly stated,

“All this trouble could be averted if we appointed a committee of six or seven public spirited men like J. P. Morgan, to handle the affairs of our country.”

President Theodore Roosevelt had also signed into law, following the financial panic, a bill creating the, “National Monetary Commission.”

This commission was supposed to study the banking problem and make recommendations to Congress. Naturally, the commission was packed with J. P. Morgan’s friends and cronies.

Nelson Aldrich
Nelson Aldrich

The chairman was Senator Nelson Aldrich from Rhode Island, and he 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 (including Nelson who would become Vice President in 1974 and David who would become Head of the Council on Foreign Relations).

Following the setting up of this National Monetary Commission, Senator Aldrich immediately embarked on a 2 year fact finding tour of Europe, where he consulted at length with the private central bankers in England, France, and Germany, or rather Rothschild, Rothschild, and Rothschild.

The total cost of this 2 year trip to the American taxpayer? $300,000. Yes, three hundred thousand dollars, that is not a misprint!

1910
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Jekyll Island

Senator Aldrich returns from his two year European fact finding mission on 22nd November. Shortly afterwards some of America’s most wealthy and powerful men boarded Senator Aldrich’s private railcar in the strictest secrecy. They journeyed to Jekyll Island off the coast of Georgia.

Paul Warburg
Paul Warburg

In this group were Paul Warburg, who was earning a $500,000 a year salary from Rothschild owned firm, Kuhn, Loeb & Company. This salary was for him to lobby for a privately owned central bank in America. Also present was Jacob Schiff, a Rothschild who had purchased Kuhn, Loeb and Company shortly after he arrived in America from England.

The Rothschilds, Warburgs and Schiffs, interconnected by marriage, were essentially the same family.

Secrecy at this meeting was so tight that all the participants were cautioned to use only first names, to prevent servants from learning their identities. Years later, one participant, Frank Vanderlip, President of National Citibank and a representative of the Rockefeller family, confirmed the Jekyll Island trip in a 9th February 1935 edition of the Saturday Evening Post in which he stated,

“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 whatever of passage by Congress.”

Jacob Schiff
Jacob Schiff

It was not just the setting up of a Central Bank that was on the agenda. Other problems for these bankers were that the market share of these big national banks was shrinking fast. In the first ten years of the century the number of United States banks had more than doubled to over 20,000. By 1913 only 29% of all banks were national banks and they held only 57% of all deposits. As John D. Rockefeller put it,

“Competition is Sin!”

Senator Aldrich later admitted in a magazine article,

“Before passage of this Act, the New York Bankers could only dominate the reserves of New York. Now we are able to dominate bank reserves of the entire country.”

Frank Vanderlip

So one of the aims of these conspirators was to bring these new banks under their control. Secondly the nations economy was so strong that corporations were starting to finance their own expansions out of profits instead of taking out huge loans from large banks. Indeed, in the first ten years of the century, 70% of corporate funding came from profits.

Basically, American Industry was becoming independent of the money changers, and the money changers were not about to let that happen.

There was also much discussion regarding the name of the new bank, which took place in a conference room in the Jekyll Island Club Hotel. Aldrich believed the word, “bank,” should not even appear in the name. Warburg wanted to call the legislation, the, “National Reserve Bill,” or the, “Federal Reserve Bill.” The idea was not only 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 Senator Aldrich, the egomaniac, who insisted it be called the, “Aldrich Bill.” So, after nine days at Jekyll Island, the group dispersed. This group of conspirators immediately set up an educational fund of $5,000,000 to finance Professors at top universities to endorse the new bank.

The new central bank would be very similar to the old Bank Of The United States, in that it would be given a monopoly over United States currency and create that money out of nothing. Also in order to make the public think it was under control of the Government, the plan called for the central bank to be run by a board of governors appointed by the President and approved by the Senate.

This would not cause any undue problems for the bankers, as they knew they could use their money to buy influence over the politicians, in order to ensure the men they wanted got appointed to the board of governors.

1912
Charles A. Lindbergh
Charles A. Lindbergh

The Aldrich bill is presented to Congress for debate. This was very quickly identified as a bill to benefit the bankers, or an expression for them which was coined at the time, “The Money Trust.” During the debate, the Republican, Charles A. Lindbergh stated,

“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.”

As this debate continued on, the bankers realized they didn’t have enough support, so the Republican leadership never brought the Aldrich bill to a vote. Instead the bankers decided to switch their attention to the Democrats and started heavily financing Woodrow Wilson, the Democratic Presidential nominee. The Wall Street banker, Bernard Baruch, was put in charge of the Wilson project, and as historian, James Perloff, stated,

“Baruch brought Wilson to the Democratic Party headquarters in New York in 1912, ‘leading him like one wood a poodle on a string.’ Wilson received an, ‘indoctrination course,’ from the leaders convened there … “

Bernard Baruch

During the Democratic Presidential campaign, Wilson and the rulers of the Democratic Party pretended to oppose the Aldrich bill. As Republican representative, Louis T. McFadden, explained twenty years later, when he was was Chairman Of The House Banking And Currency Committee,

“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 they were returned to power there would be no central bank established here while they held the reins of government.

Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free 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.”

On November 5th, Woodrow Wilson was elected, and J. P. Morgan, Paul Warburg, Bernard Baruch et al, advanced a new plan which Warburg called the Federal Reserve System. The leadership of the Democratic Party hailed this new bill called the, “Glass-Owen Bill,” as totally different to the Aldrich bill, when in fact it was virtually identical.

Louis T. McFadden

Funnily enough the Democrats were so vehement in their denial of the similarity of the, “Glass-Owen Bill,” to the, “Aldrich Bill,” that Paul Warburg, the creator of both bills, had to inform his paid friends in Congress, that the two bills were virtually identical and therefore they must vote to pass it. Warburg stated,

“Brushing aside the external differences affecting the, ‘shells,’ we find the, ‘kernels,’ of the two systems very closely resembling and related to one another.”

However this admission by Warburg was not made public. Instead, Senator Aldrich, and Frank Vanderlip, the President of Rockefeller’s National Citibank of New York, were to publicly state their opposition to the bill in order to make people think that the bill proposed was radically different to the Aldrich bill. Indeed, Frank Vanderlip stated years later in the Saturday Evening Post,

“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.”

1913 With Congress nearing a vote on the Glass-Owen Bill, they called Ohio Attorney, Alfred Crozier, to testify. However, Crozier noticed the similarities between the Aldrich Bill and the Glass-Owen Bill, and subsequently stated, 

“The … bill grants just what Wall Street and the big banks for twenty-five years have been striving for – private instead of public control of currency. It (the Glass-Owen bill) does this as completely as the Aldrich bill. Both measures rob the government and the people of all effective control over the public’s money, and vest in the banks exclusively the dangerous power to make money among the people scarce or plenty.”

The debate on this bill was not going well for the banks, with many Senators intimating the bill was corrupt and deceitful, however the bill was approved through the Senate on December 22nd. How did this happen? Because most of the Senators had left town to return home for the Christmas holidays. Furthermore, these Senators had been assured by the leadership, that nothing would be done regarding this bill until long after the Christmas recess.

Representative Charles A Lindbergh Sr. stated,

“This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government of 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 and currency bill.”

Interestingly, only a few weeks earlier, in October, Congress finally passed a bill legalizing direct income tax of the people. This was in the form of a bill pushed through by Senator Aldrich, which is now commonly known as the 16th amendment. The income tax law was fundamental to the Federal Reserve. This is because the Federal Reserve was a system which would run up, essentially, an unlimited Federal debt.

The only way to guarantee the payment of interest on this debt was to directly tax the people, as they had done with the Bank Of England. If the Federal Reserve had to rely on contributions from the States, they would be dealing with bigger entities, who could revolt and refuse to pay the interest on their own money, or at least bring political pressure to bear in order to keep the debt small.

Actually, this 16th amendment was never ratified, and therefore many American citizens do not pay their income tax and there is nothing the United States Government can do about it. For further information on this go to thelawthatneverwas.com. Also, back in 1895, the Supreme Court had also found an income tax law similar to the 16th amendment, as unconstitutional. The Supreme Court also found a Corporate Tax Law unconstitutional in 1909.

Another important amendment that was put through this year is the 17th amendment. This provided for the direct election by the people of two Senators from each state as oppose to the original system of having state legislatures elect United States Senators. More democratic, you would think, until you realize these bankers could now provide the funds for their hand picked people to run for the Senate, and thus avoid future problems like getting the Federal Reserve through the Senate.

Anyway, back to the Federal Reserve, if you are in any doubt as to whether the Federal Reserve is a private company, a basic check the public can carry out is in their phone book. Look under the government pages and it is not listed, but you will find it listed within the business pages.

Actually some recent evidence has come forward as to who really owns the Federal Reserve, and they are the following banks:

  • Rothschild Bank of London
  • Warburg Bank of Hamburg
  • Rothschild Bank of Berlin
  • Lehman Brothers of New York
  • Lazard Brothers of Paris
  • Kuhn Loeb Bank of New York
  • Israel Moses Seif Banks of Italy
  • Goldman, Sachs of New York
  • Warburg Bank of Amsterdam
  • Chase Manhattan Bank of New York

Also some argue that the Federal Reserve is a quasi-governmental agency, yet the President appoints only 2 of the 7 members of the Federal Reserve Board of Governors, every four years, and he appoints them to 14 year terms, which is far longer than any term he could possibly serve as President. The Senate confirms these appointments, but as we have seen, that is the idea, because these are the very people hand picked by the bankers who also finance their campaigns, ensuring loyalty to them, not the people.

Let’s summarize how the Federal Reserve creates money out of nothing. It is a four step process:

  1. The Federal Open Market Committee approves the purchase of United States Bonds*.
  2. The bonds are purchased by the Federal Reserve.
  3. The Federal Reserve pays for these bonds with electronic credits to the seller’s bank, these credits are based on nothing.
  4. The banks use these deposits as reserves. They can loan out over ten times the amount of their reserves to new borrowers, all at interest.* Bonds are simply promises to pay or Government IOU’s. People purchase bonds in order to get a secure rate of interest. At the end of the term of the bond, the government repays the bond, plus interest and the bond is destroyed.

Let’s look at an example of how this works with a Federal Reserve purchase of $1,000,000 of bonds. This then gets turned into over $10,000,000 in bank accounts. The Federal Reserve in effect creates 10% of this totally new $10,000,000 and the banks create the other 90%.

To reduce the amount of money in circulation this process is simply reversed. The Federal Reserve sells these bonds to the public and the money flows out of the purchaser’s local bank. Loans must be reduced by ten times the amount of the sale, so a Federal Reserve sale of $1,000,000 in bonds, results in $10,000,000 less money in the economy. How does this benefit the bankers, whose representatives met at Jekyll Island?

  1. It prevented any future banking reform efforts, as the Federal Reserve was to be the only producer of money.
  2. This in turn prevented a proper debt free system of government finance, like President Lincoln’s Greenbacks, from making a comeback. Instead, the bond based system of government finance, forced on Lincoln after he created Greenbacks, was now cast in stone.
  3. It delegated to the bankers the right to create 90% of our money supply based on a fraudulent system of fractional reserve banking and allowed them to loan out that 90% at interest.
  4. It centralized overall control of our nations money supply in the hands of and for the profits of a few men.
  5. It established a private central bank with a high degree of independence from effective political control.
1914 The start of World War I. In this war, the German Rothschilds loaned money to the Germans, the British Rothschilds loaned money to the British, and the French Rothschilds loaned money to the French. 

One year after the passage of the Federal Reserve Bill, Representative Charles A Lindbergh Sr., outlined how The Federal Reserve created the, “business cycle,” and how they manipulated that to their own advantage. He stated,

“To cause high prices, all the Federal Reserve Board will do will be to 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 financial conditions and advance knowledge of the coming change, either up or down. This is the strongest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.

The 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 panic. Inflation and deflation work equally well for them when they control finance.”

1915 J. P. Morgan became the sales agent for the, “War Materials Board,” to both the British and the French engaged in World War I, and becomes the biggest consumer on the planet, spending 10 million dollars a day. Furthermore, President Woodrow Wilson appointed banker, Bernard Baruch, to head the “War Industries Board.” 

According to historian, James Perloff, both Bernard Baruch and the Rockefellers profited by approximately 200 million dollars during World War I.

A lot of people believe the key to an effective money supply is to ensure it is backed by something of worth such as gold. However, who do you think would control that gold? As Republican, Charles A. Lindbergh stated this year,

“Already the Federal Reserve Banks have cornered the gold and gold certificates.”

1916 President Wilson began to realize the gravity of the damage he had done to America, by unleashing the Federal Reserve on the American people. He stated,

“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, no longer a government by … a vote of the majority, but a government by the opinion and duress of a small group of dominant men.

Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know 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.”

1917 The money changers never forgave the Tsars of Russia for both continually opposing their request to set up a central bank in Russia, as well as their support of President Lincoln during the Civil War. Therefore, Jacob Schiff, a Rothschild, spent 20 million dollars through his firm, Kuhn, Loeb & Co., in financing the Russian Revolution

It is commonly believed that Communism is the opposite of Capitalism, so why would these capitalists support it? Respected researcher, Gary Allen, explains it as follows,

“If one understands that socialism is not a share-the-wealth program, but it is in reality a method to consolidate 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 megalomaniacs. Communism, or more accurately socialism, is not a movement of the downtrodden masses, but of the economic elite.”

1919 In January the Paris Peace Conference takes place following the end of World War I. The bankers put World Government at the top of their agenda, and Paul Warburg and Bernard Baruch attend this conference with President Wilson. To the bankers dismay, the world was not yet ready to dissolve national boundaries and accept World Government, so that part of their plan had failed. 

The plan for World Government was called the, “League Of Nations,” and although many nations accepted this proposal, the United States Congress would not support it, and thus without the support of money from the United States Treasury, the bankers had failed and the League Of Nations died.

1920
Warren G. Harding

Warren G. Harding is elected President of the United States, and succeeds Woodrow Wilson in 1921. This will be the start of a period which became known as the, “roaring twenties.” Despite the fact that World War I had saddled America with a debt that was ten times larger than its civil war debt, the United States economy grew in abundance. Also, gold had poured into America during the war and continued during the 1920’s.

The reason for this growth is that President Harding reduced taxes domestically, and increased tariffs on imports to record levels.

1921
Thomas Edison

The Inventor of the electric light, Thomas Edison, said in an article published in the New York Times, on December 6,

“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 … It is absurd to say that our country can issue 30 million dollars in bonds and not 30 million dollars in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people.”

1922
Theodore Roosevelt

President Theodore Roosevelt who died in 1919 was quoted in the March 27th edition of the New York Times with the following statement,

“These International bankers and Rockefeller-Standard Oil interests control the majority of newspapers and the columns of these newspapers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.”

John Hylan
John Hylan

The reason the New York Times ran this article, was due to the Mayor of New York, John Hylan, who had been reported in the same paper the previous day, March 26th, with the following statement,

“The warning of Theodore Roosevelt has much timeliness today, for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state, and nation … It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection …

To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interest and a small group of powerful banking houses generally referred to as international bankers. This little coterie of powerful international bankers virtually run the United States Government for their own selfish purposes.

They practically control both parties, write political platforms, make cats paws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business … these International Bankers and Rockefeller-Standard Oil interests control the majority of newspapers and magazines in this country.”

1923
Calvin Coolidge

On August 2nd, President Warren Harding died on a train in mysterious circumstances. The cause was given as either food poisoning or a stroke although no autopsy was performed. He was succeeded by his Vice-President Calvin Coolidge. President Coolidge continued Harding’s tax cutting and tariff raising policies.

This policy was so successful that the economy still continued to grow, and the huge Federal Debt built up during World War I, under Harding and Coolidge was reduced by 38% down to 16 billion dollars. This was when the Federal Reserve started flooding the country with money, increasing the money supply by 62%.

Representative Charles A Lindbergh Sr. stated,

“The financial system … has been turned over to … the Federal Reserve Board. That board administers the finance 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.”

1924 Shortly before his death this year, President Woodrow Wilson made the following statement in relation to his support for the Federal Reserve,

“I have unwittingly ruined my country.”

1927
Montagu Norman

In July, in Europe, Bank of England Governor Montagu Norman, Benjamin Strong of the Federal Reserve Bank, and Dr. Hjalmar Schacht of the Reichsbank, met in conference.

No public reports were ever made of these conferences, which happened on numerous occasions and were wholly informal, but which covered many important questions of gold movements, the stability of world trade, and world economy.

Benjamin Strong
Benjamin Strong

Montagu Norman was obsessed with getting back the gold that England had lost to America during World War I and returning the Bank of England to its former position of dominance in world finance.

Republican Congressman, Louis T. McFadden, Chairman of the House Banking & Currency Committee, from 1920 to 1931, would comment on this Bank of England plan in the midst of the Great Depression in February 1931 when he stated,

Hjalmar Schacht

“I think it can hardly be disputed that the statesmen and financiers of Europe are ready to take almost any means to reacquire rapidly the gold stock which Europe lost to America as a result of World War I.”

1929
John D. Rockefeller

In April, Paul Warburg sent out a secret warning to his friends that a collapse and nationwide depression had been planned for later that year. It is certainly no coincidence that the biographies of all the Wall Street giants of that era: John D. Rockefeller; J. P. Morgan; Joseph Kennedy; Bernard Baruch; et al, all marveled at the fact these people got out of the stock market completely just before the crash and put their assets into cash or gold.

So, as all the bankers and their friends already knew, in August the Federal Reserve began to tighten the money supply. Then on 24th October the big New York bankers called in their 24 hour broker call loans. This meant that both the stockbrokers and their customers had to dump their stocks on the stock market to cover their loans, irrespective of what price they had to sell them for.

As a result of this the stock market crashed on a day that would go down in history as, “Black Thursday.” In his book, The Great Crash 1929, John Kenneth Gailbraith makes the following shocking statement,

“At the height of the selling frenzy, Bernard Baruch brought Winston Churchill into the visitors gallery of the New York Stock Exchange to witness the panic and impress him with his power over the wild events on the floor.”

Republican Congressman, Louis T McFadden, Chairman of the House Banking & Currency Committee, from 1920 to 1931, was as usual quite candid as to who was responsible. He stated of this crash,

“It was not accidental. It was a carefully contrived occurrence … The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.”

 

Joseph Kennedy

Curtis B. Dall, the son-in-law of Franklin Delano Roosevelt, who was working for Lehmann Brothers as a broker, on the floor of the New York Stock Exchange, on the day of the crash, stated in his 1967 book, F. D. R. My Exploited Father-In-Law,

“Actually, it was the calculated ‘shearing’ of the public by the World-Money powers triggered by the planned sudden shortage of call money in the New York Money Market.”

Despite the claims of how the Federal Reserve would protect the country against depressions and inflation, they continued to further contract the money supply. Between 1929 and 1933, they reduced the money supply by an additional 33%. Even, Milton Friedman, the Nobel Peace Prize winning economist stated the following in a radio interview in January 1996,

“The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933.”

Milton Friedman

In only a few weeks from the day of the crash, 3 billion dollars of wealth vanished. Within a year, 40 billion dollars of wealth vanished. However, it did not simply disappear, it just ended up consolidated in fewer and fewer hands, as was planned. An example of this is Joseph P. Kennedy, John F. Kennedy’s father. In 1929 he was worth 4 million dollars, in 1935 that had increased to over 100 million dollars.

This is why depressions are caused. As stated previously the top bankers and their friends got out of the stock market and purchased gold just before the crash, which they shipped over to London. This meant that the money lost by most Americans during the crash didn’t just vanish, it just ended up in these people’s hands.

It also was spent overseas, as whilst the Great Depression was occurring, millions of American dollars was being spent on rebuilding Germany from damage sustained during World War I, in preparation for the bankers World War II. Republican Louis T. McFadden, Chairman of the House Banking & Currency Committee from 1920 to 1931, stated the following in relation to this,

“After World War I, Germany fell into the hands of the German International Bankers. Those bankers bought her and now they own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities.

The international German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolph Hitler has used in his lavish campaign to build up a threat to the government of Bruening. When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission …

Through the Federal Reserve Board over 30 billion of dollars of American money … has been pumped into Germany … You have all heard of the spending that has taken place in Germany … modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories.

All this was done on our money. All this was given to Germany through the Federal Reserve Board. The Federal Reserve Board … has pumped so many billions of dollars into Germany that they dare not name the total.”

The money pumped in to Germany to build her up in preparation for World War II, was into the German Thyssen banks which were affiliated with the Harriman interest in New York.

1930
Bank for International Settlements

The Bank for International Settlements (BIS) was established by Charles G. Dawes (Rothschild agent and Vice President under President Calvin Coolidge from 1925-1929), Owen D. Young (Rothschild agent, founder of RCA and Chairman of General Electric from 1922 until 1939), and Hjalmar Schacht of Germany (President of the Reichsbank).

The BIS is referred to the bankers as the, “Central bank for the central banks.” Whereas the IMF and the World Bank deal with governments, the BIS deals only with other central banks. All its meetings are held in secret and involve the top central bankers from around the world. For example the former head of the Federal Reserve, Alan Greenspan, would go to the BIS headquarters in Basel, Switzerland, ten times a year for these private meetings.

Charles G. Dawes

The BIS also has the status of a sovereign power and is immune from governmental control. A summary of this immunity is listed below:

  1. Diplomatic immunity for persons and what they carry with them (i.e., diplomatic pouches).
  2. No taxation on any transactions, including salaries paid to employees.
  3. Embassy-type immunity for all buildings and/or offices operated by the BIS worldwide including China and Mexico.
  4. No oversight or knowledge of operations by any government authority, they are not audited.
  5. Freedom from immigration restrictions.
  6. Freedom to encrypt any and all communications of any sort.
  7. Freedom from any legal jurisdiction, they even have their own police force.
Owen D. Young
Owen D. Young

BIS’ current board of directors, only five of which are elected and the rest of which are permanent, are:

  • Nout H E M Wellink, Amsterdam (Chairman of the Board of Directors)
  • Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)
  • Axel Weber, Frankfurt am Main
  • Vincenzo Desario, Rome
  • Antonio Fazio, Rome
  • David Dodge, Ottawa
  • Toshihiko Fukui, Tokyo
  • Timothy F Geithner, New York
  • Alan Greenspan, Washington
  • Lord George, London
  • Hervé Hannoun, Paris
  • Christian Noyer, Paris
  • Lars Heikensten, Stockholm
  • Mervyn King, London
  • Guy Quaden, Brussels
  • Jean-Pierre Roth, Zürich
  • Alfons Vicomte Verplaetse, Brussels
Carroll Quigley
Carroll Quigley

Georgetown Professor and historian, Carroll Quigley, commented on the creation of this central bank in his 1975 book, Tragedy And Hope, as follows,

“The powers of financial capitalism had (a) far reaching (plan), nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.

The apex of the system was to be the Bank For International Settlements in Basel, Switzerland*, a private bank owned and controlled by the world’s central banks which were themselves private corporations.

Each central bank … sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the Country, and to influence cooperative politicians by subsequent economic rewards in the business world.”

* Home of first World Zionist Congress, chaired by Theodor Herzl in 1897.

Henry Cabot Lodge

A handful of United States Senators led by Henry Cabot Lodge, fought to keep the United States out of the Bank for International Settlements. However, even thought the United States rejected this World Central Bank, the Federal Reserve still sent members to participate in its meetings in Switzerland, right up until 1994 when the United States was, “officially,” dragged into it.

1932
Herbert Hoover

Republican Representative Louis T. McFadden of Pennsylvania, the Former Chairman of the House Banking & Currency Commission during the great depression, states,

“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.”

In his final year in office, President Herbert Hoover puts forward a plan to bail out the failing banks, he seemed to feel that they took priority over millions of starving Americans, however this plan did not receive support from the Democratic Congress. Hoover’s Presidency failing, Franklin D. Roosevelt is elected President later this year.

1933 On March 4th, during his inaugural address, President Roosevelt made the following statement,

“Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men … The money changers have fled from their high seats in the temple of our civilization.”

However, later that year, President Roosevelt outlawed private ownership of all gold bullion and all gold coins with the exception of rare coins. Most of the gold in the hands of the average American was in the form of gold coins and this decree by Roosevelt was effectively a confiscation.

William H. Woodin
William H. Woodin

In small town America, the people did not trust Roosevelt. However, the people were given a simple choice. Either turn in your gold and be paid the official price for it of, $20-66 an ounce, or you will be liable for a $10,000 fine and a ten year prison sentence.

This confiscation order was so unpopular, it’s author has never been discovered. No Congressman ever claimed having written it, President Roosevelt stated he had not written it, nor had he even read it. Roosevelt’s Secretary of the Treasury, William H. Woodin, claimed he’d never read it either, but that it was, he stated,

“What the experts wanted.”

I wonder to what, “experts,” he refers!

1934
David Lloyd George
David Lloyd George

In its 20th June issue, New Britain magazine of London published a statement made by former British Prime Minister David Lloyd George that,

“Britain is the slave of an international financial bloc.”

Also in the article was the following words written by Lord Bryce,

“Democracy has no more persistent and insidious foe than money power … questions regarding Bank of England, its conduct and its objects, are not allowed by the Speaker (of the House of Commons).”

Lord Bryce
Lord Bryce

Louis T. McFadden, Republican Congressman and Chairman of the House Banking & Currency Committee from 1920 to 1931 stated,

“Through the Fed the people are losing their rights guaranteed to them by the Constitution … common decency requires us to examine the public accounts of the government and see what kind of crimes against the public welfare have been committed … the people of these United States are being greatly wronged …

Every effort has been made by the Fed to conceal its powers-but truth is-the Fed has usurped the Government … the sack of these United States by the Fed is the greatest crime in history … what King ever robbed his subject to such an extent as the Fed has robbed us … it is a monstrous thing for this great nation of people to have its destinies presided over by a traitorous government board acting in secret concert with international usurer.

When the Fed was passed, the people of these United States did not perceive that a world system was being set up here … a super state controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure.”

1935 All the gold held by American citizens had finally been turned in under President Roosevelt’s 1933 confiscation order at the price of $20-66 an ounce. Without explanation the official price of gold was then raised to $35 per ounce. The only catch was that only foreigners could sell their gold at the new higher price. Where is the world price of gold set? Since 1919, in the same room of private bank N. M. Rothschild & Sons in London, at 11:00 a.m., on a daily basis. 

Therefore Warburg and his banking friends who put their money into gold at $20-66 before the stock market crash and shipped it to London, could now ship it back and sell it to the United States Government for the new higher price. The money changers have a golden rule,

“He who has the gold, makes the rules.”

President Roosevelt orders the building of a new gold bullion depository to hold the vast amount of gold the United States government had illegally confiscated. That depository was Fort Knox.

Fort Knox

Fort Knox

1936 On October 3, Republican Congressman, Louis T McFadden, Chairman of the House Banking & Currency Committee, from 1920 to 1931, is poisoned to death. This was the third assassination attempt on his life, he had suffered an earlier poisoning and had had shots fired at him. 

He had been trying for years to get the Federal Reserve, and as you will have read thus far, had made very revealing statements about the Federal Reserve. He had been warned to back off, but this great American Patriot, put the people he represented before himself, as all elected officials are supposed to do, and was killed by the bankers as a result.

1937 With Fort Knox having been completed only the previous year, the gold now began to flow into it.
1938 With the Federal Reserve having been in control of the United States economy for 25 years under the pretext of promoting monetary stability, it has caused three major economic downturns including the Great Depression. As Nobel Prize winning economist Milton Friedman put it,

“The stock of money, prices and output was decidedly more unstable after the establishment of the Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe (monetary) contractions of 1920-21, 1929-33, and 1937-38. No other 20 year period in American history contains as many as three such severe contractions.

This evidence persuades me that at least a third of the price rise during and just after World War I is attributable to the establishment of the Federal Reserve System … and that the severity of each of the major contractions – 1920-21, 1929-33, and 1937-38 – is directly attributable to acts of commission and omission by the Reserve authorities …

Any system which gives so much power and so much discretion to a few men, (so) that mistakes – excusable or not – can have such far reaching effects is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic – this is the key political argument against an independent central bank … To paraphrase Clemenceau money is much too serious a matter to be left to the central bankers.”

Milton Friedman would also state,

“I know of no severe depression, in any country or any time that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.”

1941 Sir Josiah Stamp, director of the Bank of England during the years 1928-1941, made the following statement with regard to banking,

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again …

Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”

1944
Harry Dexter White

The United States income is running at 183 billion dollars, yet 103 billion dollars is being spent on World War II. This was thirty times the spending rate during World War I. Actually, it was the American taxpayer that picked up 55% of the total allied cost of the war.

In Bretton Woods, New Hampshire, the International Monetary Fund (IMF), and the World Bank (initially called the International Bank for Reconstruction and Development or IBRD – the name, “World Bank,” was not actually adopted until 1975), were approved with full United States participation.

The principal architects of the Bretton Woods system, and hence the IMF, were Harry Dexter White and John Maynard Keynes. Interestingly Harry Dexter White who died in 1946, was identified as a Soviet spy whose code name was, “Jurist,” on October 16, 1950, in an FBI memo. Also, John Maynard Keynes was a British citizen.

John Maynard Keynes

What these two bodies essentially did, was repeat on a world scale what the National Banking Act of 1864, and the Federal Reserve Act of 1913 had established in the United States. They created a banking cartel comprising the world’s privately owned central banks, which gradually assumed the power to dictate credit policies to the banks of all nations.

In the same way the Federal Reserve Act authorized the creation of a new national fiat currency called, Federal Reserve Notes, the IMF has been given the authority to issue a world fiat money called, “Special Drawing Rights,” or SDR’s. Member nations were subsequently pressured into making their currencies fully exchangeable for SDR’s.

The IMF is controlled by its board of governors, which are either the heads of different central banks, or the heads of the various national treasury departments who are dominated by their central banks. Also, the voting power in the IMF gives the United States and the United Kingdom (the Federal Reserve and the Bank of England), effective control of it.

1945 The second, “League Of Nations,” now renamed the “United Nations,” was approved. The bankers, World War II, had been a success this time as a result of the physical, emotional, and mental exhaustion the world had felt after yet another World War. This blueprint for world government would soon have its own international court system as well.

United Nations
United Nations
1946 The Bank of England was nationalized, which might seem at first sight to be a far reaching measure, but actually made little difference in practice. Yes, the state did acquire all the shares in the Bank of England, they now belong to the Treasury and are held in trust by the Treasury Solicitor. 

However, the government had no money to pay for the shares, so instead of receiving money for their shares, the shareholders were issued with government stocks. Although the state now received the operating profits of the bank, this was offset by the fact that the government now had to pay interest on the new stocks it had issued to pay for the shares.

So, although the Bank of England is now state-owned, the fact is that the British money supply is once again almost entirely in private hands, with 97% of it being in the form of interest bearing loans of one sort or another, created by private commercial banks.

As a result of this, the bank is largely controlled and run by those from the world of commercial banking and conventional economics. The members of the Court of Directors, who set policy and oversee its functions, are drawn almost entirely from the world of banks, insurance, economists and big business.

Bank of England
Bank of England

Although the Bank of England is called a central bank it is now essentially a regulatory body that supports and oversees the existing system. It is sometimes referred to as “the lender of last resort,” in so far as one of its functions as the bankers’ bank is to support any bank or financial institution that gets into difficulties and suffers a run on its liquid assets.

Interestingly, in these circumstances, it is not obliged to disclose details of any such measures, the reason being so as to avoid a crisis in confidence.

1950 Every nation involved in World War II greatly multiplied their debt. Between 1940 and 1950, United States Federal Debt went from 43 billion dollars to 257 billion dollars, a 598% increase. During that same period Japanese debt increased by 1,348%, French debt increased by 583%, and Canadian debt increased by 417%. 

James Paul Warburg appearing before the Senate on 7th February states,

“We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”

This is when the central bankers got to work on their plan for global government which started with a three step plan to centralize the economic systems of the entire world. These steps were:

  1. Central Bank domination of national economies worldwide.
  2. Centralized regional economies through super states such as the European Union, and regional trade unions such as NAFTA.
  3. Centralize the World Economy through a World Central Bank, a world money, and ending national independence through the abolition of all tariffs by treaties like GATT.
1953
President Eisenhower

President Eisenhower orders an audit of Fort Knox. Fort Knox is found to contain over 700 million ounces of gold, 70% of all the gold in the world.

Although Federal Law requires an annual physical audit of Fort Knox’s gold, it is under Eisenhower’s presidency that the last audit is carried out, for reasons that will soon become clear.

1963
President Kennedy

President Kennedy issues dollar bills carrying a red seal, and called United States Note. A lot of people believe he was already printing his own debt free money and that is why he was killed, in much the same way as President Lincoln. However, these United States Notes carrying the red seal were merely a reissue of the Greenbacks introduced by President Lincoln.

What could have been motive though, is that on June 4, President Kennedy signed Executive Order No. 11110 that returned to the United States government the power to issue currency, without going through the Federal Reserve. This order gave the Treasury the power to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury. This meant that for every ounce of silver in the United States Treasury’s vault, the government could introduce new debt free money into circulation.

1967
Wright Patman
Wright Patman

Congressman Wright Patman, then the Chairman Of The House Banking And Currency Committee, stated in Congress,

“In the United States today, we have in effect two governments … We have the 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.”

1969 Congress approves laws authorizing the Federal Reserve to accept the IMF’s, “SDR’s,” as reserves in the United States and to issue Federal Reserve Notes in exchange for SDR’s.
1971 All the pure gold had been secretly moved from Fort Knox, sold to international money changers for the $35 per ounce price, and is believed to now be kept in London. This is also when President Nixon repeals Roosevelt’s Gold Reserve Act of 1934, allowing Americans to once again buy gold. As a result of this gold prices began to soar. In fact, 9 years later, in 1980, gold sold for $880 per ounce, a staggering 25 times what the gold in Fort Knox was sold to the international bankers for.
1974
Nelson Rockefeller
Nelson Rockefeller

A New York periodical publishes an article claiming that the Rockefeller family were manipulating the Federal Reserve for the purpose of selling off Fort Knox gold at bargain basement prices to anonymous European speculators.

3 days after the publication of this story, its anonymous source, long time secretary to Nelson Rockefeller, Louise Auchincloss Boyer, mysteriously fell to her death from the window of her ten storey apartment block in New York.

1975
Edith Roosevelt
Edith Roosevelt

Edith Roosevelt, the grand-daughter of President Theodore Roosevelt questioned the actions of the government in a March 1975 edition of the New Hampshire Sunday News, in which she stated,

“Allegations of missing gold from our Fort Knox vaults are being widely discussed in European financial circles. But what is puzzling is that the Administration is not hastening to demonstrate conclusively that there is no cause for concern over our gold treasure, if indeed it is in a position to do so.”

The United States government still did not undertake an audit of the gold in Fort Knox to quell this speculation.

1981
Ronald Reagan
Ronald Reagan

When President Ronald Reagan took office, his conservative friends suggested to him that he return to a gold standard, as a means to curbing government spending.

President Reagan was on board with this idea and so he appointed a group of men called the, “Gold Commission,” to undertake a feasibility study and report their findings back to Congress.

1982 President Reagan’s, “Gold Commission,” reports back to Congress and makes the following shocking statement concerning gold, 

“The U. S. Treasury owned no gold at all. All the gold that was left in Fort Knox was now owned by the Federal Reserve, a group of private bankers, as collateral against the National Debt.”

1983 In order that Ecuador‘s government be allowed a loan of 1.5 billion dollars from the IMF, they were forced to take over the unpaid private debts Ecuador’s elite owed to private banks. Furthermore in order to ensure Ecuador could pay back this loan, the IMF dictated price hikes in electricity and other utilities. When that didn’t give the IMF enough cash they ordered Ecuador to sack 120,000 workers. 

Ecuador were required to do a variety of things under a timetable imposed by the IMF. These included: raising the price of cooking gas by 80% by 1st of November 2000; transferring the ownership of its biggest water system to foreign operators; granting British Petroleum the rights to build and own an oil pipeline over the Andes; and eliminating the jobs of more workers and reducing the wages of those remaining by 50%.

1985 In order to illustrate that the great majority of money is not even printed these days, please see the following speech by the late Lord Beswick which appeared in HANSARD, 27th November 1985, vol. 468, columns 935-939, under the title, “Money Supply and the Private Banking System,” which states,

“Lord Beswick rose to call attention to the statement made by the Chancellor of the Duchy of Lancaster on 23rd July 1985 that the 96.9 per cent increase in money supply over a five-year period has been created by the private banking system and without Government authority.

The noble Lord said, ‘My Lords, on 10th June this year I asked Her Majesty’s Government by what amount the money supply had increased in the five-year period to mid-April 1985. Interestingly, they gave me the answer in percentages and not in pounds. Having given him prior notice, perhaps the Minister would be good enough later to give me the answer in money terms.

The Government reply on 10th June was that the increase had been by 101.9 per cent, and that of that very large amount only 5 per cent was accounted for by the state minting of more coins and the printing of more notes. That 96.9 per cent increase represented not only an enormous sum of money but also a crucially important factor in our economy.

I wanted to know by whom it had been created, and on 23rd July I again asked Her Majesty’s Government to what extent this increase had Government approval. I was told by the Chancellor of the Duchy, speaking for the Government, ‘The 96.9 per cent represented new bank deposits created in the normal course of banking business and no Government authority is necessary for this.’

Had he said that some counterfeiter of coins or forger of notes had been at work there would of course have been an immediate and indignant outcry, yet here we have a government statement that private institutions have created this enormous amount of extra purchasing power and we are expected to accept that it is normal practice and that the government authority does not come into it.

When I asked whether we ought not to consider more deeply who was benefiting from this money-creating power, the Minister said that the implications, though interesting, were maybe too far reaching for Question Time, and so I raise the matter again in debate and hope to get more enlightenment.

The issues are important, they are certainly under-discussed, perhaps not adequately understood, and I hope that I am not being unduly unfair if I say that those who understand the mechanisms often do very well out of them. I make no party point; it is all much bigger and wider than that.”

Notice how the Chancellor of the Duchy gave the game away when he said that no government authority was needed for this present system of credit creating.

1987 Edmond de RothschildEdmond de Rothschild creates the World Conservation Bank which is designed to transfer debts from third world countries to this bank and in return those countries would give land to this bank.

This is designed so the Rothschilds can gain control of the third world which represents 30% of the land surface of the Earth.

1988 The three arms of the World Central Bank, the World Bank, the BIS and the IMF, now generally referred to as the World Central Bank, through their BIS arm, require the world’s bankers to raise their capital and reserves to 8% of their liabilities by 1992. This increased capital requirement put an upper limit on fractional reserve lending. 

To raise the money, the world’s bankers had to sell stocks which depressed their individual stock markets and began depressions in those countries. For example in Japan, one of the countries with the lowest capital in reserve, the value of its stock market crashed by 50%, and its commercial real estate crashed by 60%, within two years.

The idea is for the IMF to create more and more SDR’s backed by nothing, in order for struggling nations to borrow them. These nations will then gradually come under the control of the IMF as they struggle to pay the interest, and have to borrow more and more. The IMF will then decide which nations can borrow more and which will starve. They can also use this as leverage to take state owned assets like utilities as payment against the debt until they eventually own the nation states.

1991
David Rockefeller
David Rockefeller

At the Bilderberg Conference on June 6 to 9, in Baden-Baden, Germany, David Rockefeller made the following statement,

“We are grateful to the Washington Post, the New York Times, Time Magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years. It would have been impossible for us to develop our plan for the world, if we had been subjected to the lights of publicity during those years.

But the world is now more sophisticated and prepared to march towards a world government. The super-national sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”

Note: Click here for a Microsoft Excel spreadsheet with a list of people at the Bilderberg Conferences.

1992
Boris Yeltsin
Boris Yeltsin

The third world debtor nations who had borrowed from the World Bank, pay 198 million dollars more to the central banks of the developed nations for World Bank funded purposes than they receive from the World Bank. This only goes to increase their permanent debt in exchange for temporary relief from poverty which is caused by the payments on prior loans, the repayments of which already exceed the amount of the new loans.

This year Africa’s external debt had reached 290 billion dollars, which is two and a half times greater than its level in 1980, which has resulted in deterioration of schools, deterioration of housing, sky-rocketing infant mortality rates, a drastic downturn in the general health of the people, and mass unemployment.

The Washington Times reports that Russian President, Boris Yeltsin, was upset that most of the incoming foreign aid was being siphoned off, and he stated,

“Straight back into the coffers of Western Banks in debt service.”

This year American taxpayers pay the Federal Reserve 286 billion dollars in interest on debt the Federal Reserve purchased by printing money virtually cost free.

1994 GreenbackThe Regal Act is introduced in the United States to authorize the replacement of President Lincoln’s Greenbacks with debt based notes. They had lasted for 132 years.
1996 ChinaEver wondered why all the world’s production seems to be moving to China? In a report entitled, “China’s Economy Toward the 21st Century,” released this year, it predicts that the per capita income in China in 2010, will be approximately 735 dollars. This is less than 30 dollars higher than the World Bank definition of a low income country.
1997
Tony Blair

Less than two months before Tony Blair came to power in England, another interesting entry can be found in HANSARD, 5th March 1997, volume 578, No. 68, columns 1869-1871, in which the Earl of Caithness is recorded as having stated,

“The next government must grasp the nettle, accept their responsibility for controlling the money supply and change from our debt-based monetary system. My Lords, will they? If they do not, our monetary system will break us and the sorry legacy we are already leaving our children will be a disaster.”

Gordon Brown

On 6 May, only four days after Tony Blair’s election as Prime Minister, his Chancellor of the Exchequer, Gordon Brown, announces he is going to give full independence from political control to the Bank of England.

In his 1997 book, The Grand Chessboard, Zbigniew Brzezinski reveals that Germany is the largest shareholder in the World Bank. When you bear in mind that bankers of the Rothschild bloodline were said to own Germany, “lock, stock and barrel,” at the end of World War I, it is not difficult to see who controls the World Bank now.

1998 IndonesiaThe IMF eliminate food and fuel subsidies for the poor in Indonesia. At the same time the IMF soaked up tens of billions of dollars to save Indonesia’s financiers or rather the international banks from whom they had borrowed. 

BrazilA document leaks out of the World Bank, called, “Master Plan for Brazil.” In it it spells out five requirements to ensure a flexible public sector workforce. These are as follows:

  • Reduce Salary/Benefits
  • Reduce Pensions
  • Increase Work Hours
  • Reduce Job Stability
  • Reduce Employment
1999 In Brazil, Rio’s privatized electric company named, “Rio Light,” is responsible for repeated blackouts in neighborhoods. The company blames the weather in the Pacific Ocean for the blackouts, when Rio is on the Atlantic. The blackouts wouldn’t have anything to do with the fact that after privatization Rio Light axed 40% of the company’s workforce would it? No problem for Rio Light, as a result of that their share price went up 33%.
2000 ArgentinaThe IMF require Argentina to cut the government budget deficit from its current $5.3 billion to $4.1 billion the following year, 2001. At that point unemployment was running at 20% of the working population. They then upped the ante and demanded an elimination of the deficit. The IMF had some ideas of how this could be achieved. Cut the government’s emergency employment program from $200 a month to $160 a month.

James Wolfensohn

They also asked for an across the board 12 – 15% cut in salaries for civil servants and the cutting of pensions to the elderly by 13%. By December of 2001, middle class Argentineans sick of literally hunting the streets for garbage to eat, started burning down Buenos Aires. In January Argentina devalued the Peso wiping out the value of many common people’s savings accounts. Dismayed that they can’t rape that country further, James Wolfensohn, President of the World Bank, states,

“Almost all major utilities have been privatized.”

How do they control the unrest within the population? Let me see, an Argentinean bus driver, a thirty seven year old father of five, lost his job as a bus driver from a company that owed him 9 months pay. During a demonstration against this and other injustices perpetrated upon him and the population, the military police shot him dead with a bullet through the head.

TanzaniaIn Tanzania with approximately 1.3 million people dying of AIDS, the World Bank and the IMF decided to require Tanzania to charge for what were previously free hospital appointments. They also ordered Tanzania to charge school fees for their previously free education system then expressed surprise when school enrolment dropped from 80% to 66%.

The IMF and World Bank have been in charge of Tanzania’s economy since 1985 during which time Tanzania’s GDP dropped from $309 to $210 per capita, standards of literacy fell and the rate of abject poverty increased to envelop 51% of the population.When the IMF and World Bank took charge in 1985, Tanzania was a socialist nation. In June 2000 the World Bank reported arrogantly,

“One legacy of socialism is that most people continue to believe the State has a fundamental role in promoting development and providing social services.”

BoliviaThere is rioting in Bolivia after the World Bank drastically increase the price of water. The World Bank claim this is necessary to provide for desperately needed repairs and expansion. This is poppycock, my own water supplier is Wessex Water, a privatized water company that was actually owned by Enron! Since privatization (England was the first country to privatize the public water supply), the quality dropped and the prices exploded.

Almost all privatized water companies in Britain have consistently failed to meet government targets on leakages.

2001
Joseph Stiglitz
Joseph Stiglitz

Professor Joseph Stiglitz, former Chief Economist of the World Bank, and former Chairman of President Clinton’s Council of Economic Advisers, goes public over the World Bank’s, “Four Step Strategy,” which is designed to enslave nations to the bankers. I summarize this below,

Step One: Privatization.
This is actually where national leaders are offered 10% commissions to their secret Swiss bank accounts in exchange for them trimming a few billion dollars off the sale price of national assets. Bribery and corruption, pure and simple.

Step Two: Capital Market Liberalization.
This is the repealing any laws that taxes money going over its borders. Stiglitz calls this the, “hot money,” cycle. Initially cash comes in from abroad to speculate in real estate and currency, then when the economy in that country starts to look promising, this outside wealth is pulled straight out again, causing the economy to collapse.

The nation then requires IMF help and the IMF provides it under the pretext that they raise interest rates anywhere from 30% to 80%. This happened in Indonesia and Brazil, also in other Asian and Latin American nations. These higher interest rates consequently impoverish a country, demolishing property values, savaging industrial production and draining national treasuries.

Step Three: Market Based Pricing.
This is where the prices of food, water and domestic gas are raised which predictably leads to social unrest in the respective nation, now more commonly referred to as, “IMF Riots.” These riots cause the flight of capital and government bankruptcies. This benefits the foreign corporations as the nations remaining assets can be purchased at rock bottom prices.

Step Four: Free Trade.

This is where international corporations burst into Asia, Latin America and Africa, whilst at the same time Europe and America barricade their own markets against third world agriculture. They also impose extortionate tariffs which these countries have to pay for branded pharmaceuticals, causing soaring rates in death and disease

There are a lot of losers in this system, but a few winners – bankers. In fact the IMF and World Bank have made the sale of electricity, water, telephone and gas systems a condition of loans to every developing nation. This is estimated at 4 trillion dollars of publicly owned assets.

In September of this year, Professor Joseph Stiglitz is awarded the Nobel Prize in economics.

2002
Hugo Chavez
Hugo Chavez

On April 12th every major paper in the USA runs a story that Venezuelan President Hugo Chavez had resigned as he was, “unpopular and dictatorial.” In fact he had been kidnapped under a coup, where he was imprisoned on an army base. Following sympathy from the guards, the coup falls apart and President Chavez is back in his office one day later. Interestingly he has video evidence that whilst he was imprisoned on that base a United States military attaché entered the base.

President Chavez, demonized by the controlled western media, gives milk and housing to the poor, and gives land not used for production by big plantation owners for more than two years, to those without land. His big crime however, was in passing a petroleum law that doubled the royalty taxes from 16% to 30% on new oil discoveries, which affected Exxon Mobil and other international oil operators.

He also took full control of the state oil company, PDVSA, which before was nominally owned by the government, but in actual fact was in thrall to these international oil operators. Not only that but President Chavez is also the President of OPEC (Organization of Petroleum Exporting Countries). The main reason is, however, that President Chavez fully rejects the World Bank’s, “Four Step Strategy,” and plan to reduce wages of the people for the benefit of the bankers.

Indeed President Chavez has increased the minimum wage by 20%, which has increased the purchasing power of the lower paid workers and strengthened the economy. His minister, Miguel Bustamante Madriz, fully aware of the danger Venezuela poses to the bankers when people contrast the fact it wouldn’t let them in, for example, with Argentina who did, stated,

“America can’t let us stay in power. We are an exception to the new globalization order. If we succeed, we are an example to all the Americas.”

2006 America and Britain is now at war in both Afghanistan and Iraq, and looking toward an invasion of Iran. As I mentioned before the greatest debt generator of them all is war. This has pushed America to the brink of financial collapse. This timeline is intended as a record of the past, but before you look at the conclusions, you may like to look at one person’s prediction for the near future in this mind-blowing article.

Conclusions

 

In my research, I have discovered those critics who currently condemn the monetary system almost universally suggest that the only solution is to restore a gold backed currency. I don’t think any readers of this timeline can be in any doubt, that such a system will be open to abuse by those very people who abuse it today. Indeed if we introduced a currency backed by chairs, I believe we would find ourselves with nothing to sit on!

The only monetary system that seems to have worked in history is one which is backed by the goodwill of a government and is debt free, such as President Lincoln’s, “Greenbacks.” Fortunately, the Nobel Peace Prize winning economist, Milton Friedman came up with an ingenious solution of wresting back control of the money supply from the bankers, paying off all outstanding debt, and preventing inflation or deflation whilst this process is completed. I summarize this below.

Using America as the example here, Friedman suggests that debt free United States notes be issued to pay off the United States Bonds (debts) on the open market. In conjunction with this, the reserve requirements of the day to day bank the regular person banks with, be proportionally raised so the mount of money in circulation remains constant.

As those people holding bonds are paid off in United States notes, they will deposit the money in the bank they bank with, thus making available the currency then needed by these banks to increase their reserves. Once all these United States bonds are paid off with United States notes, the banks will be at 100% reserve banking instead of the fractional reserve system and then fractional reserve banking can be outlawed.

If necessary, the remaining liabilities of financial institutions could be assumed or acquired by the United States government in a one-off operation. Therefore these institutions would eventually be paid off with United States notes for the purpose of keeping the total money supply stable.

The Federal Reserve Act of 1913 and the National Banking Act of 1864 must also be repealed and all monetary power transferred back to the Treasury Department. The effects of this will be seen very soon by the average person as their taxes would start to go down as they would no longer be paying interest on debt based money to a handful of central bankers.

A law must be passed to ensure that no banker or any person in any way affiliated with financial institutions, be allowed to regulate banking. Also the United States must withdraw from all international debt based central banking operations ie. the IMF; the BIS; and the World Bank.

If all the countries of the world adopted the conclusions above, then humanity will at last be free of these central bankers and their debt based currency. It’s a lovely idea, but first we have to get it past our corrupt politicians many of whom are quite aware of the scam that plays us on a daily basis, however rather than do the job we have elected them to do, they keep their mouths shut and instead look after themselves and their families, whilst the rest of us continue to be exploited.

“For what will it profit men that a more prudent distribution and use of riches make it possible for them to gain even the whole world, if thereby they suffer the loss of their own souls? What will it profit to teach them sound principles in economics, if they permit themselves to be so swept away by selfishness, by unbridled and sordid greed, that, ‘hearing the Commandments of the Lord, they do all things contrary.”

Pope Pius XI

Sources

The Life Of William Ewart Gladstone John Morley 1903
Secrets Of The Federal Reserve Eustace Mullins 1952
The Great Crash 1929 John Kenneth Gailbraith 1955
F. D. R. My Exploited Father-In-Law Curtis B. Dall 1967
Collective speeches of Congressman Louis T. McFadden Louis T. McFadden 1970
A Monetary History of the United States, 1867-1960 Milton Friedman and Anna J. Schwartz 1971
None Dare Call It Conspiracy Gary Allen 1972
Tragedy & Hope: A History of the World in Our Time Carroll Quigley 1975
The Truth in Money Book Theodore R. Thoren and Richard F. Warner 1984
The Grand Chessboard Zbigniew Brzezinski 1997
The Creature from Jekyll Island: A Second Look at the Federal Reserve – 3rd Edition G. Edward Griffin 1998
The Money Changers Patrick S. J. Carmack 1998
The Shadows of Power: The Council on Foreign Relations and the American Decline – 2002 Edition James Perloff 2002
Globalization and Its Discontents Joseph E. Stiglitz 2003

Source: I am the witness.com.

By Andrew Hitchcock, 26 Feb 2006.

Andrew also wrote the Rothschild timeline and The Synagogue of Satan.


The Protocols of the Learned Elders of ZION

Do more @ Scribd.com

Is it too Late? I say “THE FIGHT IS ON STAND UP AND BE COUNTED”

Source: Overlords Of Chaos

Unfortunately for the people of the world everything is going according to the New World Order Plan. But what is this New World Order Plan? In a nutshell the Plan is this. The Dark Agenda of the secret planners of the New World Order is to reduce the world’s population to a “sustainable” level “in perpetual balance with nature” by a ruthless Population Control Agenda via Population and Reproduction Control. A Mass Culling of the People via Planned Parenthood, toxic adulteration of water and food supplies, release of weaponised man-made viruses, man-made pandemics, mass vaccination campaigns and a planned Third World War. Then, the Dark Agenda will impose upon the drastically reduced world population a global feudal-fascist state with a World Government, World Religion, World Army, World Central Bank, World Currency and a micro-chipped population. In short, to kill 90% of the world’s population and to control all aspects of the human condition and thus rule everyone, everywhere from the cradle to the grave.

DONT TAKE PSY DRUGS Citizens Commission on Human Rights

Source: Citizens Commission on Human Rights

 Has your child or grandchild suffered severe side effects from psychiatric treatment? (Like the boy put on psychotropic drugs who then lost his appetite, suffered headaches, tired easily and pleaded with his mother, “Do I have to take this drug, Mom? I’m smart enough on my own!”)

Have you seen your child or grandchild worsen under psychiatric treatment, or suffer real harm or even death?

Psychiatry can destroy a child’s education, life and future. If you have witnessed or experienced this, you are not alone. Through psychiatry’s false explanations, easy-seizure (commitment) laws and depersonalizing “treatments,” thousands across the globe unwittingly fall into psychiatry’s coercive system every day.

If your child or a child you know has been victimized by false psychiatric diagnoses such as “attention deficit disorder” and then forced to undergo harmful or degrading psychiatric treatment by a psychiatrist, psychologist or other mental health practitioner, CCHR is willing to listen and assist you.

To protect yourself and those you love from criminal psychiatric abuse, the abuses must be reported to proper law enforcement agencies so effective action can be taken.

QUESTION: WHAT SHOULD BE REPORTED?

ANSWER: Report any crime or act which you believe endangers the health, safety and well-being of a child, family member or friend, including neglect, acts of physical or sexual assault, abusive physical or chemical restraints, false imprisonment (wrongful detention in a psychiatric facility), fraud or misdiagnosis.

QUESTION: HOW SHOULD THIS BE REPORTED?

ANSWER: Write up all known details about the abuse, including dates, places, names of psychiatrists, psychologists or others involved, ensuring patient confidentiality is respected. Send this to the nearest CCHR chapter. Following are some guidelines:

1. Provide answers to these questions:
What led to the child or other person being diagnosed with a psychiatric “disorder,” treated and/or hospitalized by a mental health practitioner?
What was the diagnosis given? Was this given after a thorough medical examination for underlying physical problems that could look like “mental illness”?
Was there health insurance involved? Did it seem the diagnosis was based on what insurance coverage was held? Was length of hospitalization increased or decreased based on insurance coverage?
Was full, written, informed consent given for the treatment received?
If the abuse involved physical or chemical restraints, do you know who ordered the restraints and under what circumstances?
What damage, if any, was suffered?
2. Support your information with as much documentation as possible. Remember, do not do anything illegal. Use only evidence that is acquired legally to substantiate the abuse.
3. Call CCHR at 1-(800)-869-2247 to further discuss your case and make an appointment.

All information will be held in strict confidence.
CLICK HERE TO REPORT PSYCHIATRIC ABUSE

 

Who was Albert Pike? Tell Me More About Albert Pike

Albert Pike’s Background

Jump to Albert Pike & Three World Wars.

Very few outsiders know about the intimate plans of Albert Pike and the architects of the New World Order.   In the 19th Century Albert Pike established a framework for bringing about the One World Order.  Based on a vision revealed to him, Albert Pike wrote a blueprint of events that would play themselves out in the 20th century, with even more of these events yet to come.  It is this blueprint which we believe unseen leaders are following today, knowingly or not, to engineer the planned Third and Final World War.

About Albert Pike

Picture of Albert PikeAlbert Pike was born on December 29, 1809, in Boston, and was the oldest of six children born to Benjamin and Sarah Andrews Pike.  He studied at Harvard, and later served as a Brigadier-General in the Confederate Army. After the Civil War, Pike was found guilty of treason and jailed, only to be pardoned by fellow Freemason President Andrew Johnson on April 22, 1866, who met with him the next day at the White House. On June 20, 1867, Scottish Rite officials conferred upon Johnson the 4th to 32nd Freemasonry degrees, and he later went to Boston to dedicate a Masonic Temple.

Pike was said to be a genius, able to read and write in 16 different languages, although I cannot find a record anywhere of what those languages were.  In addition, he is widely accused of plagiarism, so take with a pinch of salt.   At various stages of his life we was a poet, philosopher, frontiersman, soldier, humanitarian and philanthropist.  A 33rd degree Mason, he was one of the founding fathers, and head of the Ancient Accepted Scottish Rite of Freemasonry, being the Grand Commander of North American Freemasonry from 1859 and retained that position until his death in 1891. In 1869, he was a top leader in the Knights of the Ku Klux Klan.

Incidentally, Freemasonry itself is a fascinating subject and I could devote an entire website to it. Simon Gray, a Freemason, has compiled a stunning amount of information on Freemasonry that I recommend for anyone who wants to learn more about it.

Pike was said to be a Satanist, who indulged in the occult, and he apparently possessed a bracelet which he used to summon Lucifer, with whom he had constant communication. He was the Grand Master of a Luciferian group known as the Order of the Palladium (or Sovereign Council of Wisdom), which had been founded in Paris in 1737.

Palladism had been brought to Greece from Egypt by Pythagoras in the fifth century, and it was this cult of Satan that was introduced to the inner circle of the Masonic lodges. It was aligned with the Palladium of the Templars. In 1801, Issac Long, a Jew, brought a statue of Baphomet (Satan) to Charleston, South Carolina, where he helped to establish the Ancient and Accepted Scottish Rite. Long apparently chose Charleston because it was geographically located on the 33rd parallel of latitude (incidentally, so is Baghdad), and this council is considered to be the Mother Supreme Council of all Masonic Lodges of the World.

Pike was Long’s successor, and he changed the name of the Order to the New and Reformed Palladian Rite (or Reformed Palladium). The Order contained two degrees:

  • Adelph (or Brother), and
  • Companion of Ulysses (or Companion of Penelope).

Pike’s right-hand man was Phileas Walder, from Switzerland, who was a former Lutheran minister, a Masonic leader, occultist, and spiritualist. Pike also worked closely with Giusseppe Mazzini of Italy (1805-1872) who was a 33rd degree Mason, who became head of the Illuminati in 1834, and who founded the Mafia in 1860. Together with Mazzini, Lord Henry Palmerston of England (1784-1865, 33rd degree Mason), and Otto von Bismarck from Germany (1815-1898, 33rd degree Mason), Albert Pike intended to use the Palladian Rite to create a Satanic umbrella group that would tie all Masonic groups together.

Albert Pike died on April 2, 1891, and was buried in Oak Hill Cemetery, although the corpse of Pike currently lies in the headquarters of the Council

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