The History Of Soulless Money Changers – From the Pharisees to the FED

The History of the Soulless Money Changers

Happy Subserviency?

“Their perverted hearts plot evil,
and they constantly stir up trouble.”
– Proverbs 6:14

“So you think that money is the root of all evil.
Have you ever asked what is the root of all
money?” – Ayn Rand
(Alan Greenspan, an Ayn Rand disciple, flunked this pop quiz!)

“Bank-money exchange reflects and creates a system of elite control and human slavery.
Reciprocal credit exchange reflects and creates a democratic system
on a level monetary playing field.” – Richard C. Cook

“I will not say much about the international dimensions of the issue but will take as self-evident that, in light of the global nature of financial institutions and markets, the reform of financial regulation and supervision should be coordinated internationally to the greatest extent possible.”
– Ben S. Bernanke speaking to the Council on Foreign Relations 03/10/09

Past chairman of the Federal Reserve Ben S. Bernanke suggested that we turn over our sovereignty to the Bank of International Settlements. Ben S. Bernanke suggested we take the advise of the Financial Stability Forum a small secretariat housed at the Bank for International Settlements in Basel, Switzerland.

In the above address he mentioned “the currently decentralized system of financial regulation in the United States**” and stated, “Even with the sorts of actions I have outlined here today, it is unrealistic to hope that financial crises can be entirely eliminated,” which is most certainly true under the control of the soulless central bankers.
** bold lie – Ayn Rand’s take.

“The budget should be balanced,the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.” – Cicero, 55 BC

“Awareness of the hideous evil of the financiers’ plans to destroy the soul of humanity is growing.”
– Richard Cook

“Economists” continually try and sell the public the idea that recessions and/or depressions are a natural part of what they call the “business cycle”.

This is simply not the truth.

Recessions and depressions occur because the soulless central bankers manipulate the money supply. All central banks are privately owned and operated. Central banks refuse the scrutiny of regulators – no one knows whose money (if there actually is reserves) the central banks use and no one has ever been allowed to audit the fungible assets in their database spreadsheets.

Humanity must take on faith the pronouncements of the soulless central bankers.

“When you are dealing with a world chain of financial consulates, all of them linking up in a world system, none of them to be regarded as American banks, or British banks, or French banks, or Italian banks, or German banks, but all of them members of the World Banking System, you are obviously not dealing with individuals who are trying to make a living.
You are then dealing with a mighty force for good or ill, and thus far, sad truth to know, the ill is mountainous in comparison.

“The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few. ” – Henry Ford

In 48 BC Julius Caesar took the power to coin money, minting coins for the benefit of all. Julius Caesar established massive construction projects and built great public works winning the love of the common people. The soulless money changers assassinated Julius Caesar for taking the power to mint coin. After Julius Caesar’s 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 Roman citizen losing their lands and homes. Wealth became concentrated in the hands of a few soulless money changers.

Around 30 AD Jesus uses physical force – the only time throughout his ministry – to throw the soulless money changers out of the Temple. When Jews came to Jerusalem to pay their Temple tax, they could only pay it with a half-shekel, a half-ounce of pure silver, about the size of a quarter. The half-shekel was the only pure silver coin of assured weight at that time 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 as the soulless money changers had cornered the market on them. They used their currency monopoly to make exorbitant profits, forcing the Jews to pay the price demanded.

Jesus threw the soulless money changers out as their monopoly on these coins and the methods the soulless money changers used to extract wealth from their brethren totally violated the sanctity of God’s house.

“Many biblical scholars believe the single event that doomed Jesus was his scene in Jerusalem’s huge temple, turning over the moneychangers’ tables, trying to stop them from making an unnecessary profit off the people.”- Davidson Loehr

The soulless money changers were the Sadducees who together with the Pharisees called for Jesus’ death days later.

By 1024 AD the soulless money changers controlled Medieval England’s money supply as goldsmiths. The idea of paper money being used for trade arrived from China. Paper money was simply a receipt you would get after depositing gold with a goldsmith in their safe rooms or vaults. This paper promissory note replaced metal coins for trade as it was far more convenient than carrying around a lot of heavy gold and silver coins. Over time, to simplify the process and to hide the owner of the wealth, the receipts were made to the bearer, rather than to the individual depositor, making it readily transferable without the need for a signature. This broke the tie to any identifiable deposit of gold.

The soulless money changers, recognizing that only a fraction of the depositors of gold ever came in to demand their gold at any one time, began to loan out paper promissory notes made payable to the bearer. These “excess” paper promissory notes made payable to the bearer were not backed by gold held in depositories. No one was allowed to audit the gold deposited. The soulless money changers were able to collect interest on the excess notes.

Loaning out more money than one possesses, fractional reserves, is the same as printing money. This was the birth of the system we know today as Fractional Reserve Banking, and like this system of today this meant the soulless money changers were able to make astronomical amounts of money by loaning out, what was essentially fraudulent paper promissory notes made payable to the bearer, as they were receipts for gold the soulless money changers did not possess.

For example a soulless money changer would pay interest of 6 percent on gold to a depositor, and then charge 6 percent, or perhaps 10 percent, interest on the paper “payable to the bearer” borrowed. As they would lend out perhaps 10 times what had been deposited, while they are paying you 6% interest, they could be making 60 percent or 100 percent the value of the original gold in the interest they charged.

The soulless money changers wealth was built upon gold deposited with them that they did not own. Frederick Soddy defines banks as: “Institutions which pretend to lend money, and do not lend it, but create it, and when it is repaid to them, de-create it and have achieved the physically impossible miracle thereby, not only of getting something for nothing but also of getting perennial interest from it.”

“The truth is that no bank lends as much as a penny of the money deposited with it. Every bank loan or overdraft is a creation of entirely new money (credit) and is a clear addition to the amount of money in the community. It is no more than a record in a bank ledger or computer and is actually the creation of new money out of nothing.” – Jane Birdwood

“The bank-debt currency system we have today is founded upon interest. That’s the motivation for banks to create money in the first place. Creating money is only a side effect, irrelevant to the commercial bank, of their main purpose of earning a profit. Another side effect is the necessity of perpetual economic growth and, consequently, the conversion of all common wealth into private monetary wealth.

The phenomenon of interest boils down to the belief that “money costs money”. Interest is the price we pay, or extract, for the use of money, which in the present age of specialization equates to survival. Interest, therefore, encodes the belief that the means of survival are precious, rare, scarce, and therefore the objects of competition.

Lending money with interest amounts to, “I will help you survive, but only if you pay me.” Interest is also akin to fire, the foundation of modern technology. To keep it going requires the addition of ever more fuel, until the whole world is consumed, leaving but a pile of dollars – or ash.” – Charles Eisenstein

The soulless money changers soon discovered that their control of this fraudulent paper promissory note money supply, as there was more paper in circulation than in deposits, gave them control over the economy and the assets of many of those who had borrowed money. The soulless money changers exacted their control of the economy by manipulating the money supply – easy money and tight money – economic contraction and expansion.

The way the soulless money changers did this was to make money easy to borrow (low interest rates – refinance today! – home equity loans for any purpose! – cars: no down, 5 years at 1%) which increased the amount of money in circulation, then the soulless money changers suddenly tighten the money supply by making loans more difficult to get or by stopping the offering of loans altogether. As a certain percentage of the people are now unable to repay their previous loans by not being able to take out new loans, those people are forced to sell their assets to the soulless money changers for pennies on the dollar.

This is exactly what happens in the global economy of today, but is referred to with words like, “the business cycle,” “boom and bust,” “recession,” “depression”, the tech bubble” and the “the housing bubble” in order to confuse and distract.

In a fractional reserve banking system, such as the fiat paper money/fungible asset system used internationally, the debt has to continue to climb until, at some point, it must be forgiven. This is because the debtors can never acquire enough capital to fully pay off their debt.

Assume a closed system were money is only created through a loan exactly like the one in operation internationally today. In fractional reserve banking at a 10% fractional reserve when $10 is deposited $100 is loaned out. Assuming an annual interest rate of 10% the borrower is required to pay $110 back to the bank, but $10 is still held as reserves by the bank and only $100 has been put out into circulation. Where does the extra $10 to be paid as interest come from?

“Let’s trace how interest leads to scarcity, competition, and the necessity of perpetual growth. Since nearly all money in the economy is being lent out at interest through one mechanism or another (deposits, loans, etc.), it follows either (1) that some of these loans must end up in default, or (2) that the supply of money must continue to grow. If I am to pay back a loan with interest, I must obtain that extra amount beyond the principal from somewhere else. If the money supply is not growing, then a percentage of wealth-holders corresponding to the prevailing interest rate must go bankrupt. In other words, if there are one thousand dollars in the world, and they are lent out at ten percent interest to ten people, then one must go bankrupt to supply the other nine with the money to pay back their loans after one year. That is how interest sets us in competition. At any given moment, we collectively owe more money than exists at that time.” – Charles Eisenstein

“The present Federal Reserve System is a flagrant case of the federal government conferring a special privilege upon bankers. The federal government hands to the banks its credit, at virtually no cost to the banks, to be loaned out by the bankers for their own private profit. Still worse, however, is the fact that it gives the bankers practically complete control of the amount of money that shall be in circulation. Not one dollar of these Federal Reserve notes gets into circulation without being borrowed into circulation and without someone paying interest to some bank to keep it circulating. Our present money system is a debt money system. Before a dollar can circulate, a debt must be created. Such a system assumes that you can borrow yourself out of debt.” – Willis A. Overholser

“Economists respond to this fundamental question by fanning the flames: it obviously works in practice, so we should all keep using it. If we think about it too much, it may stop working. Traditional money systems depend on faith and general ignorance to stay afloat.” – Jason Rohrer}

In 1100 AD King Henry I took away the power of the soulless money changers to mint money by creating a completely new form of currency in the form of a “tally stick.” The tally stick lasted 726 years until 1826 even though other currencies came and went in that same period and ran alongside the tally sticks. The tally 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 circulated into the economy as money. The tally stick was the most successful money system in history, as the King demanded that all the King’s taxes had to be paid in, “tally sticks,” so this increased their circulation and acceptance as a legitimate form of money.

This system worked well in keeping the economic power away from the soulless money changers in England.

“If one who has borrowed from the Jews any sum, great or small, die before that loan be repaid, the debt shall not bear interest while the heir is under age, of whomsoever he may hold; and if the debt fall into our hands, we will not take anything except the principal sum contained in the bond. And if anyone die indebted to the Jews, his wife shall have her dower and pay nothing of that debt; and if any children of the deceased are left under age, necessaries shall be provided for them in keeping with the holding of the deceased; and out of the residue the debt shall be paid, reserving, however, service due to feudal lords; in like manner let it be done touching debts due to others than Jews.” – Magna Carta 1215 AD

In 1225 AD St. Thomas Aquinas argued that the charging of interest was 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 currency was to serve the members of the social culture by facilitating the exchange of goods and services. Interest was contrary to reason and justice because it put an unnecessary burden on the use of money simply a way to facilitate trade in resources or services. Church law in Middle Ages Europe forbade the charging of interest on loans making it a crime called, “usury.”

“Usury is the practice of lending money at excessive interest rates. This has for centuries caused great misery and poverty for Gentiles. It has brought strong condemnation of the Jews!” – Diodorus Siculus Greek historian

“The Jews should not be allowed to keep what they have obtained from others by usury; it were best that they were compelled to work so that they could earn their living instead of doing nothing but becoming avaricious.” – St. Thomas Aquinas

Christians were not allowed by their religion to charge interest on any money lent as this was considered usury. The Jews were not so encumbered.

In the Mishnah Torah of Moses Maimonides in the Book of Judgments Jews are required to not charge interest to other Jews but to charge interest to a Gentile and to press the Gentile for payment. “The Jewish usurers are fast-rooted even in the smallest villages, and if they lend five gulden they require a security of six times as much. They charge interest, upon interest, and upon this again interest, so that the poor man loses everything that he owns.” – Desiderius Erasmus

In Talmudism a Jew may not charge interest to another Jew – only a non-Jew. “Turn to the pages of the Talmud and you will find that they made an art of lending money. They were taught early to look for their chief happiness in the possession of money. They fathomed all the secrets that lay hid in money. They became Lords of Money and Lords of the World.” – Professor Werner Sombart

“Jewish usurers bleed the poor to death and grow fat on their substance.” – Bernardino de Feltro

In 1275 AD Edward I of England issues the Statute of the Jewry outlawing the practice of usury. “Jews have never, like other people, gone into a wilderness and built up a land of their own. In England in the 13th century, under Edward I, they did not take advantage of the offer by which Edward promised to give them the very opportunity Jews had been crying for, for centuries.” After imprisoning the entire Jewish population, in his domain for criminal usury, and debasing the coin of the realm; Edward, before releasing them, put into effect two new sets of laws. The first made it illegal for a Jews in England to loan money at interest. The second repealed all the laws which kept Jews from the normal pursuits of the kingdom. Under these new statutes Jews could even lease land for a period of 15 years and work it. Edward advanced this as a test of the Jews sincerity when he claimed that he wanted to work like other people. If they proved their fitness to live like other people inference was that Edward would let them buy land outright and admit them to the higher privileges of citizenship. Did the Jews take advantage of Edwards decree? To get around this law against usury, they invented such new methods of skinning the peasants and the nobles that the outcry against them became greater than ever. And Edward had to expel them to avert a civil war. It is not recorded that one Jew took advantage of the right to till the soil.” – Samuel Roth*

In 1509 King Henry VIII succeeds King Henry VII to the throne in England. Under King Henry VIII the Church of England separates from Roman Catholicism, whose law prevented the charging of interest on money. King Henry VIII relaxed the laws regarding usury and the soulless money changers waste no time in re-asserting themselves by flooding the economy with gold and silver coins.

“No people under the sun are more greedy than they are, than they have been and always will be, as one can see from their accursed usury. The Princes and authorities sit and snore with open mouths and let the Jews take, steal and rob what they want out of their open purses and chests. That is, they permit themselves and their subjects to be skinned and sucked dry by the Jews’ usury, and make themselves, with their own money, beggars in their own State. The Jews have got our money and property, and are therefore our masters in our own land.” – Martin Luther 1543

In 1553 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, tightens the usury laws. The soulless money changers, not amused, hoard gold and silver coins thus creating economic contraction.

In 1558 Queen Elizabeth I succeeds Queen Mary I, her half sister, to the throne in England. During her reign Queen Elizabeth I takes control of the money supply by issuing gold and silver coin.

In 1609 The soulless money changers in the Netherlands establish the first central bank in history, in Amsterdam.

The central Bank of Amsterdam finances Oliver Cromwell.
Oliver Cromwell overthrows King Charles I putting him to death in 1649. Plunged into a costly series of wars over the next few decades Great Britain sinks deeper into debt. The soulless money changers foreclose on a square mile of property in the center of London which becomes known as the City of London, an international economic center.

Following a series of squabbles with the Stuart Kings, Charles II (1660 – 1685) and James II (1685 – 1688) the soulless money changers conspire with their far more successful counterparts in Amsterdam who finance an invasion led by William of Orange of the Netherlands. The invasion is successful and William of Orange ascends to the throne in England as King William III in 1689.
King William III orders the British Treasury to borrow £ 1,250,000. In return King William III issues the syndicate of the soulless money changers a Royal Charter for the new central Bank of England. This Royal Charter permits the syndicate of the soulless money changers to consolidate the British National debt just created by the £ 1,250,000 loan by securing payments of interest and principal through direct taxation of the people. The Royal Charter forbids private goldsmiths from storing gold and issuing paper promissory notes made payable to the bearer. The Bank of England was so named for the sole purpose of deceiving the general public into believing it was part of the government and not a chartered corporation.

Like any other privately chartered joint stock 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 central bank, but only £ 750,000 was ever received. Despite the £ 500,000 shortfall the central bank was duly chartered and began loaning out several times the money it supposedly had in reserves, all at interest.

“The Bank hath benefit of interest on all monies which it creates out of nothing.” – William Paterson founder Bank of England

The Bank of England amounted to nothing less than the legal counterfeiting of a national currency for private gain. Any country falling under a private central bank controlled system of government eventually amounts to nothing more than a plutocracy. Soon after the Bank of England was formed it attacked the tally stick system, as it was currency outside of the power of the soulless money changers, just as King Henry I had intended it to be.

By 1698 the debt to the soulless central bankers had grown to £16,000,000. By 1815, principally due to the compounding of interest, the British Treasury owed £ 885,000,000 to the Bank of England.

The soulless central bankers had gained control of the economy of England in the following way:

Suppose the money in circulation in a country is £5,000,000. A central bank is set up and prints another £15,000,000. This reduces the value of the initial £5,000,000 in circulation before the central bank was formed. This is because the initial £5,000,000 is now only 25% of the currency in circulation. It will also give the bank control of 75% of the currency in circulation with the £15,000,000 they lent out into the economy. This causes inflation, a reduction in value of money born by the common person, due to the economy being flooded with money. As the common person’s money is worth less so he has to go to the bank to get a loan to help run his business and when the soulless money changers are satisfied there are enough people with debt out there, the bank will tighten the supply of money by not offering loans or loan renewals. When the debtors are unable to repay their loans the debtors real wealth, businesses and property used as collateral for the loan, is turned over to the soulless money changers.

“Non-inflationary economic growth – an increase in the production of goods and services – is structurally necessary for the current money system to exist. That is what drives the relentless conversion of life into money.” – Charles Eisenstein

In 1760 Mayer Amschel Bauer*changes him name to Mayer Amschel Rothschild*, sets up the House of Rothschild and soon learns that loaning money to governments and royalty is far more profitable than loaning to individuals because the loans made are bigger and backed by their nations’ taxes. Mayer Amschel Rothschild trains his five sons – Amschel, Salomon, Nathan, Karl and Jakob – in the art of money creation. Amschel stayed in Frankfurt. Salomon was sent to Vienna. Nathan was sent to London. Karl went to Naples, and Jakob went to Paris. This marks the foundational establishment of the syndicate of the soulless’ international central banking cartel.

“The history of the House of Rothschild is of greater importance for world history than the domestic history of the State of Saxony; and is it a matter of indifference that it is the history of an Ashkenazi?” – Christian Matthias & Theodor Mommsen

“The major reason for the historical blackout on the role of the international bankers in political history is that the Rothschild were Ashkenazi, but a special kind of Ashkenazi – apostates. Nobody has a right to be more angry at the Rothschild than the true Semitic Jews. The Warburgs, part of the Rothschild empire, helped finance Adolph Hitler.” – Gary Allen

In 1764 Benjamin Franklin is asked by officials of the Bank of England to explain the prosperity of American colonies.
“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.” – Benjamin Franklin

As a result of Benjamin Franklin’s statement, the British Parliament hurriedly passed the Currency Act of 1764. The Currency Act of 1764 prohibits colonial officials from issuing their own money and orders them to pay all future taxes in gold or silver coins. Due to the prohibition on the issuance of paper money by the colonies under the Currency Act of 1764 – real estate owners who could not pay their debts lost their land. John Morton, a sheriff of Chester County in Pennsylvania who would sign the Declaration of Independence, seized 180 farms between 1766 and 1769.

“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. ” -Benjamin Franklin

“One of the primary motivations for the Revolution was the control of currency by a foreign imperial power, with the ability to control inflation and devaluation, essentially controlling the entire economic conditions of the colony from abroad. The Founding Fathers of the United States understood the necessity of controlling one’s own currency if one was to preserve sovereignty and independence.” – Andrew Gavin Marshall

Control of America’s monetary system has changed hands 8 times since 1764.

On April 19th, 1775 the revolutionary war starts in Lexington, Massachusetts. 10 years of British taxation had drained the colonies of silver and gold coins. As a result of this, the continental government has 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. This is an example of the danger of printing too much money. Colonial Scrip had worked well because just enough was used to facilitate trade.

The Constitution put control of America’s currency in the hands of Congress, and made no provisions for Congress to delegate that authority. The Constitution even established the basic currency unit, the dollar. The dollar was Constitutionally mandated to be a silver coin based on the Spanish pillar dollar and to contain 375 grains of silver. This single provision was designed to keep the American money supply out of the hands of the soulless international banking cartel.

By 1781 the Continental Congress was desperate for monetary balance, 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. Robert Morris, son of the wealthy drug pushing tobacco exporter Robert Morris Sr., 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. The Bank of North America 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 of North America’s charter called for private investors to put up $400,000 of initial hard capital, which Robert Morris Jr., the war profiteer, found himself unable to raise from American interests as all the gold and silver had been sent to England as taxes.

Robert Morris used his political influence to have gold, loaned to the new American government by France, deposited into the new Bank of North America to use as reserves – gold belonging to 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.

“The primary definition of a central bank is a banking system in which a single bank has either a complete or residuary monopoly in the note issue. A central bank is not a natural product of banking development. It is imposed from outside or comes into being as the result of government favors.” – Vera C. Smith , Committee for Monetary Research and Education

By 1785 despite the promises of Robert Morris that his privately owned Bank of North America would solve the problem with the monopolized money supply the economy continued to plummet forcing the Continental Congress not to renew the bank’s charter.

“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.” – William Findlay

Mayer Amschel Rothschild moves his family home to a five story home in Frankfurt, Germany, which he shares with the Schiff family, (a descendant of both Rothschild and Schiff, Jacob Hirsch Schiff 128 years later was instrumental in the setting up of the Federal Reserve).

In 1787 colonial leaders assemble in Philadelphia to replace the Articles of Confederation with the Constitution. Governor Morris headed the final draft of the Constitution and he knew the motivation of the soulless international 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.

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.”

James Madison was opposed to a privately owned central bank after seeing the exploitation of the people by the Bank of England.

“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 founded.” – Thomas Jefferson, letter to Albert Gallatin (Secretary of the Treasury) 1802

The words of wisdom of Governor Morris and Thomas Jefferson fell on deaf ears. Alexander Hamilton, Robert Morris and Thomas Wyling, convinced the bulk of the delegates to this Constitutional convention, not to give Congress the power to issue paper money. They were aware that most of these delegates were still reeling from the wild inflation of the paper money during the revolution. These delegates had short memories and didn’t remember how well Colonial Scrip had worked before the war, or Benjamin Franklin’s words of wisdom. As a result the Constitution was silent on the issue of paper money by the government for the citizens, leaving the door wide open for soulless money changers in the future.

In 1790 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.”

“It was Alexander Hamilton, the first secretary of the treasury, who compromised the new nation, through what he admitted was “corruption,” by giving the wealthy speculators in Revolutionary War bonds the benefit of federally-sponsored redemption and then by establishing the First Bank of the United States. This early drift toward elitist rule was opposed by Thomas Jefferson, James Madison, and others.” – Richard C. Cook

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. Baron James de Rothschild of Paris was the principal investor. Robert Morris controlled it, Thomas Willing was the Bank’s President, only the name had changed. The First Bank of the United States came into being after a year of intense debate and was given a 20 year charter. The First Bank of the United States 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 (fractional reserve), but this was not to give it any controlling rights, but to provide the capital for the private investors to purchase the other 80%. As with the Bank of England and the old Bank of North America, these private investors never paid the full agreed upon amount for their shares.

“The bill for establishing a national bank, in 1791, undertakes, among other things, –

1. To form the subscribers into a corporation.
2. To enable them, in their corporate capacities, to receive grants of lands; and, so far, is against the laws of mortmain.
3. To make alien subscribers capable of holding lands; and so far is against the laws of alienage.
4. To transmit these lands, on the death of a proprietor, to a certain line of successors changes the course of descents.
5. To put the lands out of the reach of forfeiture, or escheat; and so far, is against the laws of forfeiture and escheat.
6. To transmit personal chattels to successors, in a certain line; and so far, is against the laws of distribution.
7. To give them the sole and exclusive right of banking, under the national authority, is against the laws of monopoly.
8. To communicate to them a power to make laws, paramount to the laws of the states; for so they must be construed, to protect the institution from the control of the state legislatures; and so probably they will be construed.

I consider the foundation of the Constitution as laid on this ground – that all powers not delegated to the United States, by the Constitution, nor prohibited by it to the states, are reserved to the states, or to the people. To take a single step beyond the boundaries thus specially drawn around the powers of Congress, is to take possession of a boundless field of power, no longer susceptible of any definition.

The incorporation of a bank, and the powers assumed by this bill, have not, in my opinion, been delegated to the United States by the Constitution.” – Thomas Jefferson, February 15, 1791

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 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 and operated corporation. The names of the investors in this bank were never revealed, although it is now widely believed that the Rothschild’s 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.”

By 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 America 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.”

In 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 the soulless money changers international cartel there.

In France in 1800, the Bank of France is set up. Napoleon Bonaparte decides France has to break free of the debt and therefore never trusts this bank. Napoleon Bonaparte declares that when a government is dependent on bankers for money, it is the bankers and not the government leaders that are in control.

“The hand that gives is among the hand that takes. Money has no motherland, financiers are without patriotism and without decency, their sole object is gain.” – Napoleon Bonaparte

In 1803 Thomas Jefferson strikes a deal with Napoleon Bonaparte. The United States gives Napoleon Bonaparte$3,000,000 of gold in exchange for a huge chunk of territory west of the Mississippi River – the Louisiana purchase. Napoleon Bonaparte sells this immense tract of land so he does not have to deal with the soulless money changers.

Napoleon Bonaparte uses $3,000,000 of America’s gold to put together an army to conquer Europe.

Napoleon Bonaparte’s army to set off across Europe where he initially conquers everything in his path.

The Bank of England quickly rises to oppose Napoleon Bonaparte and finances every nation in his path, again profiteering from war.

Prussia, Austria, and then finally Russia all go heavily into debt to the soulless money changers in a futile attempt to stop Napoleon Bonaparte.

In 1807 Nathan Mayer Rothschild 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 Bonaparte.

In 1811 a bill is 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 attacks the bank calling it: a great swindle; a vulture; a viper; and a coiled cobra.

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

The renewal bill clears the House of Representatives by a single vote and becomes deadlocked in the Senate.

James Madison, a staunch opponent of the central bank, sends his Vice-President, George Clinton, to break the tie in the Senate which kills the central bank.

In 1812 as promised by Nathan Mayer Rothschild, as the charter for the First Bank of the United States is not renewed, thousands have to die and the British attack America. As the British are still busy fighting Napoleon Bonaparte, they are unable to mount much of an assault and the war ends in 1814 with America undefeated.
(The British have too many war fronts! This is the beginning of the end of the British Empire!)

“Under the surface, the Rothschild’s long had a powerful influence in dictating American financial laws. The law records show that they were powers in the old Bank of the United States.” – Gustavus Myers

“The Jews form laws, and, obeying their own laws, they evade those of their host country. The Jews always considered an oath regarding a Christian not binding. During the Campaign of 1812 the Jews were spies, they were paid by both sides, they betrayed both sides.”- Helmuth Karl Bernhard Graf von Moltke

In 1814 the Duke of Wellington’s attacks and eventually forces Napoleon Bonaparte to abdicate. Louis XVIII is crowned King of France. Napoleon Bonaparte is exiled to the tiny island of Elba, off the coast of Italy.

In 1815 Napoleon Bonaparte escapes exile and returns to Paris. French troops are sent to capture him, but Napoleon Bonaparte uses his charisma to convince the soldiers to rally round him. The soldiers subsequently hail him as their Emperor once again. In March, Napoleon Bonaparte assembles an army which the Duke of Wellington defeats in less than 90 days later at Waterloo. Nathan Mayer Rothschild sends a trusted courier, Rothworth, to Waterloo where he stays on the edge of the battlefield. Once the battle appears decided, Rothworth crosses the Channel, and delivers the news of Wellington’s victory to Nathan Mayer Rothschild a full 24 hours before Wellington’s own courier.

Nathan Mayer Rothschild hurried to the London Stock market and stood in his usual position. All eyes were on him as the Rothschild’s had a legendary communications network. Nathan Mayer Rothschild stood there looking forlorn (what an actor!) and suddenly started selling. The other traders believed that this meant he had heard that Napoleon Bonaparte had won so they all started selling frantically. The market subsequently plummets as everyone is selling their Consuls (British Government Bonds). Nathan Mayer 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 are converted to Bank of England stock. This is how Nathan Mayer Rothschild takes control of the Bank of England and the British money supply. Nathan Mayer Rothschild married Hannah Barent-Cohen and was related by marriage to Karl Marx.

100 years later, the New York Times ran a story stating that Nathan Mayer Rothschild’s grandson had attempted to secure a court order to suppress a book with this “insider trading” story in it. The Rothschild family claimed the story was untrue and libelous, but the court denied the Rothschild’s request and ordered the family to pay all court costs. Nathan Mayer Rothschild openly bragged 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 the soulless money changers want war? Simple, the soulless money changers finance both sides in a war. The soulless money changers do this because war is the biggest debt generator of them all. A nation will borrow any amount for victory, even though the soulless money changers have already predetermined the outcome, because they fail to believe that the soulless money changers have the capability to predetermine 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.

{Note this clause in the Constitution: All debts contracted and engagements entered into, before the adoption of this Constitution, shall be as valid against the United States under this Constitution. This assured repayment of loans if America lost the revolutionary war or in the event of a change of government. Note this clause in the Section 4 of the 14th Amendment to the Constitution: The validity of the public debt of the United States, authorized by law, … shall not be questioned.}

How does the international central banking cartel ensure they get all their money back? 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 the fight is for the honor of their respective nations. During the period between the founding of the Bank of England in 1694 and Napoleon Bonaparte’s defeat at Waterloo, England had been at war for 56 years, with much of the remaining time spent preparing for war. (Eerily parallel to America after World War I – only in America it has been nearly one hundred years!)

“If you will look back at every war in Europe during the Nineteenth Century, you will see that they always ended with the establishment of a ‘balance of power.’ With every re-shuffling there was a balance of power in a new grouping around the House of Rothschild in England, France, or Austria. They grouped nations so that if any king got out of line a war would break out and the war would be decided by which way the financing went.” – Stuart Crane

“Economics Professor Stuart Crane notes that there are two means used to collateralize loans to governments and kings. Whenever a business firm borrows big money its creditor obtains a voice in management to protect the investment. Like a business, no government can borrow big money unless willing to surrender to the creditor some measure of sovereignty as collateral. Certainly international bankers who have loaned hundreds of billions of dollars to governments around the world command considerable influence in the policies of such governments.” – Gary Allen

In 1814 the heavy government borrowing to finance the War of 1812 lead to a shortage of capital reserves in existing banks which lead to the establishment of new banks, thus greatly expanding the money in circulation.

This unregulated expansion leads Congress in 1816 to pass a bill permitting yet another privately owned central bank to regulate the money supply. This bank is called the, “Second Bank of the United States,” and it’s charter is a carbon copy 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 new central bank and thanks to fraudulent fractional reserve lending, this is 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 are kept a secret.

The Second Bank of the United States calls a halt to its expansion of the monetary supply and launches the painful process of contraction which in turn creates the Panic of 1819. The Panic of 1819 , the first major financial crisis in the United States after the depression of the late 1780s, resulted in widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing.

The Panic of 1819 marked the end of the economic expansion that had followed the War of 1812.

In 1826 the tally stick is taken out of circulation in England.

In 1828 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 the soulless money changers, the American people had, unsurprisingly, had enough. Opponents of this central bank nominated Senator Andrew Jackson of Tennessee to run for President. To the dismay of the soulless money changers, Andrew Jackson won the Presidency and made it quite clear he intended to kill the Second Bank of the United States at his first opportunity. Andrew Jackson started out during his first term in office, to root out the banks many minions from government service (much as Adolf Hitler did when he came into power in Germany). To illustrate how deep this cancer was rooted in government, Andrew Jackson fired 2,000 of the 11,000 employees of the Federal government. (Later Ulysses S. Grant fired the soulless money changers from the Treasury Department.)

“The wicked arrogantly hunt down the poor.
Let them be caught in the evil they plan for others.” – Psalm 10:2

In 1832 the Second Bank of the United States, asks Congress to pass a renewal of the bank’s charter, four years early. Congress complies and sends the bill to Andrew Jackson for signing.

Andrew Jackson vetoes the 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 our liberty and independence in a bank that in its nature has so little to bind it to our country?

Controlling our currency, receiving our public monies, and holding thousands of our citizens in dependence … would be more formidable and dangerous than a military power of the enemy. If government would confine itself to equal protection, and, as Heaven does its rains, shower 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 is unable to override Andrew Jackson’s veto. Andrew 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!”

The soulless money changers pour over $3,000,000 into Andrew Jackson opponent’s campaign Senator Henry Clays’ campaign. Andrew Jackson is re-elected by a landslide.

Andrew Jackson knew the battle was only beginning however, and following his victory he stated, “The hydra of corruption is only scotched, not dead!”

In 1833 Andrew 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. Andrew Jackson’s previous two Secretaries of State for the Treasury, William J. Duane and Louis McLane had both refused to comply with Andrew Jackson’s request and were fired as a result. However the head of the Second Bank of the United States, Nicholas Biddle, uses his influence to get the Senate to reject Roger B. Taney’s nomination and even threatens to cause a depression if the Bank was not re-chartered.

“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.”- Nicholas Biddle

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

“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 proves to the world what central banks and the soulless money changers are really about.

Nicholas Biddle makes good on his word, and the Second Bank of the United States, sharply contracts 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 depression.

Nicholas Biddle then unashamedly blames Andrew Jackson for the crash, claiming that it was Andrew Jackson’s withdrawal of federal funds that had caused it. This crash plunged wages and prices, unemployment soars along with business bankruptcies. The United States is in uproar. Newspaper editors blast Andrew Jackson in editorials.

“In the fall of 1833 the removal of the deposits was made, and the Panic of 1834 followed. The bank, by October, 1834, had contracted it circulation nearly 20 per cent. When its attempt to coerce a restoration of the deposits and a renewal of the charter failed it commenced an expansion. The great expansion produced the disastrous excesses of 1835 and 1836. The bank is justly responsible for the for the whole amount of the expansion from the lowest point of contraction in 1834.” – Samuel Jones Tilden

In 1835 Congress assembles what was called the, “Panic Session,” and on March 27 Andrew 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 Andrew Jackson stated of the soulless money changers, “You are a den of thieves and vipers, and I intend to rout you out, and by the eternal God, I will rout you out.”

Pennsylvania Governor, George Wolf, came out in support of Andrew Jackson and strongly criticized the Second Bank of the United States. 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 Andrew Jackson’s action. In a complete about turn on April 4, the House of Representatives voted 134 to 82 against re-chartering the Second Bank of the United States. This was followed by another strong vote which established a special committee to investigate whether the Second Bank of the United States 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. Nicholas Biddle also refused to testify before the committee back in Washington.

In 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. Nicholas Biddle was tried and acquitted but died in 1844 still battling civil suits.

In 1837 the Bank of England increases the interest rate paid to depositors effectively curtailing investment in America in response to Andrew Jackson refusing to renew the central bank charter. Lack of liquidity in the credit market due to the withdrawal of funds creates the Panic of 1837(Fractional reserves are depleted thus depositors can not withdraw their deposited funds). Out of 850 banks in the United States, 343 closed entirely, 62 failed partially, and the system of state banks received a shock from which it never fully recovered. Contraction of the currency immediately followed.

“The Panic of 1837 was aggravated by the Bank of England when it in one day threw out all the paper connected with the United States.” – Henry Clews

On January 8th, 1838 Andrew Jackson pays off the final installment of the national debt, which had been necessitated by allowing the central bank to issue currency for government bonds, rather than simply issuing treasury notes without such debt. Andrew Jackson becomes the only President to ever pay off the national debt. On January 30th the assassin Richard Lawrence attempts to shoot Andrew Jackson, but both pistols misfire. Richard Lawrence openly bragged that powerful people in Europe hired him and promised to protect him. Richard Lawrence is found not guilty by reason of insanity.

When asked what his most important accomplishment had been in life, Andrew Jackson stated without hesitation, “I killed the Bank!”

It took the soulless central bankers 75 years to establish the next central bank, the Federal Reserve. This time they took no chances using Jacob Hirsch Schiff from the Rothschild bloodline.

By 1842 only $64,000,000 of currency, a little over three dollars per capita, was in circulation. A tide of bankruptcy without precedent swept the country. From 1837 to 1850 the scarcity of money depressed prosperity and the wheat, cotton, pork and beef of the American farmer was purchased at depressed prices.

There was no expansion of the currency after 1837 until the discovery of the gold mines of California in 1849 and the silver mines in Nevada in 1859. In 1850, the state banks again began to expand, and once more America had fair prices for produce and prosperous times. The expansion continued until 1857. There was no inflation, the currency was not in excess of the legitimate needs of business and prices were not too high.

In 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.

In 1852 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.”

The Panic of 1857 was set in motion by the failure on August 24 of the New York City branch of the Ohio Life Insurance and Trust Company when the Bank of England called all loans to British investors in American banks. Grain prices fell with the end of the Crimean War and Russian re-entry into global markets and land speculation based on forecasts of new railroads collapsed. More than 5,000 American businesses failed within a year.

“Ashkenazi are the great moneylenders and loan contractors of the world. The consequence is that the nations of the world are groaning under heavy systems of taxation and national debt. They have ever been the greatest enemies of freedom.” – Lord Harrington, July 12, 1858

In 1861 one month after the inauguration of 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.

“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.” -Abraham Lincoln

The truth is 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. The South was being forced to pay more for goods while having their income slashed. This is when the soulless central bankers saw the opportunity to divide and conquer America by plunging it into Civil War.

“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.” – Otto Von Bismark when he was Chancellor of Germany (1871 – 1890)

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

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.

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 United States would view such action as hostile toward itself.

While the French were breaching the, Monroe Doctrine in Mexico, the British followed suit by moving 11,000 troops into Canada and positioning them along the Canadian border.

Abraham Lincoln went with his Secretary to the Treasury, Salomon P. Chase, to New York to apply for the loans necessary to fund America’s defense. In August, 1861, Moses Taylor, Chairman of the Loan Committee to finance the Union Government in the Civil War, offered the government $5,000,000 at 12% to finance the war.

Abraham Lincoln refused the usurious offer. Colonel Dick Taylor of Chicago suggested to Abraham Lincoln to get Congress to pass a bill authorizing the printing of full legal tender treasury notes.

When Abraham Lincoln asked Colonel Taylor if the people of the United States would accept the notes, Colonel Taylor replied, “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.”

In 1862 Abraham Lincoln, the last president to issue debt free United States notes, 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.”

“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 the people. 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.” – Abraham Lincoln

“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.” – The Times of London

In 1863 Abraham Lincoln, needing further congressional authority to issue more Greenbacks, was forced to accept the “National Banking Act.” The most important part of the National Banking 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. While the North was being financed by the Rothschild’s through their American agent, August Belmont, the South was being financed through the Erlangers, Rothschild relatives.

“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.” – John Kenneth Galbraith

Czar Alexander II stated Russia would consider active British or French military action a declaration of war and sent part of his Pacific Fleet to San Francisco.

Czar Alexander II, like Otto Von Bismarck in Germany, could clearly see what the soulless central bankers were up to, indeed he had already refused to let them set up a central bank in Russia. Czar Alexander II understood that once America was under the control of the soulless central bankers they would eventually threaten Russia.

Abraham Lincoln is re-elected on November 8th, 1864. On November 21 Abraham Lincoln 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 Abraham 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.”

“While boasting of our noble deeds we’re careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.” – Horace Greeley

On April 14th, 1865 41 days after his second inauguration, 5 days after General Lee surrendered to General Grant at Appomattox, Abraham Lincoln was assassinated by John Wilkes Booth, at Ford’s Theater. Subsequent allegations that international bankers were responsible for Abraham Lincoln’s assassination surfaced in the Canadian House of Commons in 1934.

The person who revealed this was a Canadian attorney, Gerald G. McGeer. Gerald G. McGeer 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. Gerald G. McGeer stated that it showed that John Wilkes Booth was a mercenary working for the soulless central bankers.

“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 Abraham 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, Vancouver Sun, May 2, 1934

Abraham Lincoln’s assassination was not purely because the soulless central bankers wanted to re-establish a central bank in America, but because they wanted to base America’s currency on gold which they of course controlled. This was in direct opposition to Abraham Lincoln’s policy of issuing Greenbacks, based solely on the good faith and credit of the people of United States of America.

“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 Abraham 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 Abraham Lincoln’s assassination, silver was de-monetized and the Gold Standard system set up in the United States.” – Gerald G. McGee, Vancouver Sun

The soulless central bankers wanted the reinstitution of a central bank under their control and an American currency backed by gold. Gold was chosen as gold had always been relatively scarce, was a lot easier to monopolize (or pretend to have more!), than silver – now plentifully found in huge quantities in Aspen, Caribou, Telluride and Leadville Colorado, Virginia City Nevada and the Calico Mountains of California.

On April 12th, 1866 Congress went back to work at the bidding of the European central bankers. Congress passed the, “Contraction Act,” which authorized the Secretary of the Treasury to contract the money supply by retiring some of the Greenback in circulation.

“The hard times which occurred after the Civil War could have been avoided if the Greenback legislation had continued as Abraham 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. ” – Theodore R. Thoren and Richard F. Walker

“The Jews are a class violating every regulation of trade established by the Treasury Department, and also department orders and are herein expelled from the department within 24 hours from receipt of this order.”
– Ulysses S. Grant (Hiram Ulysses Grant)

With the “Contraction Act” passed by Congress the money supply goes down purely because currency is withdrawn from circulation.
1866 – $1,800,000,000 in circulation – approximately $50.46 per capita

1867 – $1,300,000,000 in circulation – approximately $44.00 per capita

1876 – $600,000,000 in circulation – approximately $14.60 per capita

1886 – $400,000,000 in circulation – approximately $6.67 per capita

Therefore in the twenty years from 1866 two thirds of the American money supply had been called in. This represented a 760% reduction in purchasing power. Money became scarce because bank loans were called and no new loans were made.

“How then was it that the American government, several years after the war was over, found itself owing in London and Wall Street several hundred million dollars to men who never fought a battle, who never made a uniform, never furnished a pound of bread, who never did an honest day’s work in all their lives? The facts is, that billions owned by the sweat, tears and blood of American laborers have been poured into the coffers of these men for absolutely nothing. This ‘sacred war debt’ was only a gigantic scheme of fraud, concocted by European capitalists.” – Mary E. Hobard, The Secrets of the Rothschild’s

“Rothschild’s war profits from the Napoleonic Wars financed their later stock speculations. Under Metternich, Austria after long hesitation, finally agreed to accept financial direction from the House of Rothschild.” – Richard Lewinsohn,The Profits of War

The root cause of the Panic of 1873 originated in the first private joint stock corporate bank authorized by Austrian government and set up on the initiative of the House of Rothschild. The “K.K. Privilegierte Creditanstalt für Handel und Gewerbe” (a credit institution catering to trade and industry) intended to practice its business activity primarily in the field of railroad construction companies (Lombardian-Venetian state-owned railway) and the iron industry (Prague Iron Industry Company).

On December 27, 1863 the Austrian central bank became entirely independent from government. TheBodencreditanstalt was founded in 1863 and the Anglo-Oesterreichische Bank followed in 1864. During the “Grundentlastung,” many members of the high nobility had a substantial amount of liquid funds at their disposal and were among the major shareholders of the new joint stock corporate banks. These banks made the financial resources of the Viennese financial center increase rapidly.

In 1866 Alexander II of Russia narrowly escaped an assassination attempt in the city of Kiev and Ferdinand Cohen-Blind failed to assassinate Otto von Bismarck in Unter den Linden in Berlin. On June 14 the Austro-Prussian Warbegins.

The Austrian public administration relies on central bank funding during the war. Due to a breach of the provisions of the central banks sole issuing right the public administration was obliged to pay compensation in the form of interest.

As early as 1863 the policymakers at the Austrian central bank were unhappy with the premium which had to be paid when exchanging Austrian banknotes for silver.

Ernest Seyd was sent to America on a mission from the Rothschild controlled Bank of England. Ernest Seyd was given $100,000 which he is to use to bribe as many Congressmen as necessary, for the purposes of getting silver demonetized.

“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.” – Ernest Seyd

On February 12, 1873 Ulysses S. Grant signs the Coinage Act(H. R. 2934 written in 67 sections filling 35 pages of the House Journal on May 27, 1872) which results in the minting of silver dollars being abruptly stopped. Representative Samuel Hooper, who introduced the bill in the house, admitted Ernest Seyd drafted the legislation. Western mining interests and others who wanted silver in circulation labeled this measure the “Crime of ’73.”

Due to large expenditures on the World Exposition, held in 1873 in the Austrian-Hungarian capital of Vienna, and the resulting speculation on future trade, along with the previous debt amassed fighting the Austro-Prussian War, on May 9th, 1873, around two dozen insurance undertakings went into liquidation or became bankrupt with the meltdown of the Vienna Stock Exchange in Austria.

On September 19, due to the meltdown of the Vienna Stock Exchange, Jay Cooke and Company, a major component of the America’s banking establishment, was unable to market several million dollars in Northern Pacific Railroad bonds which precipitates Jay Cooke and Company’s bankruptcy. Panic sweeps the New York Stock Exchange precipitating the Panic of 1873. Only the American branch of Jay Cooke and Company went bankrupt – the London branch suffered no ill effects. Remember the soulless central bankers must facilitate busts, crashes and panics in order to ensure collective indebtedness interest payments which facilitates control.

In 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 states that the deliberate contraction of the money supply created the current “monetary crisis.”

“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.” – United States Silver Commission

Despite this report no action is taken.

In 1877 rioting breaks out from Pittsburgh to Chicago. The soulless central bankers hang tight, despite the violence they are 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, writes a letter to the members in blatantly calling on the banks to subvert both Congress and the press.

“It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the Agricultural and Religious Press, as well 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.” – Secretary James Buel of the Associated Bankers of New York, Philadelphia, and Boston

The press tries to turn the general public away from the truth.

On February 28th, 1878 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 Syed’s Coinage Act in 1873. Gold backing of the American currency also remained. The Sherman Law ensures that some money began to flow into the economy again. Firmly in control the soulless central bankers start issuing loans and the post Civil War depression is over.

In 1881 the American people elect James Abram Garfield as the 20th President of the United States. This was a worry to the soulless central bankers, because as a Congressman, he had been Chairman of the Appropriations Committee, and was a member of Banking and Currency. The soulless central bankers were therefore aware that James Abram Garfield was in full knowledge of their scam on the American people.

“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.” – James Abram Garfield

James Abram Garfield was assassinated on July 2nd.

“We are authorizing our loan officers from the Western States to loan on properties, monies repayable by September 1st, 1894. No fatal date is to exceed this date. On September 1st, 1894, we shall categorically refuse all loan renewals. On that day, we shall demand the repayment of our money, under penalty of foreclosure on collaterals. The mortgaged properties will become ours. (Money will have become scarce beforehand, and the repayments will have become generally impossible.) We’ll thus be able to acquire, at a price agreeable to us, two-thirds of the farms west of the Mississippi and thousands more east of this great river. We’ll even be able to possess three quarters of the western farms as well as all the money in the country. The farmers will then become land tenants only, just like in England.” – confidential banker’s leaflet 1891

By 1880, 25 percent of all farms were rented by tenants. Many tenants finally did not have the money to rent and by 1900 there was 4.5 million farm laborers.

The farmer is the man
The farmer is the man
Lives on credit till the fall
With the interest rates so high
It’s a wonder he don’t die
And the mortgage man’s the one that gets it all
– Populist Movement poem
“Let us make use of the courts. Let us go forward as fast as possible at perceiving debts, at foreclosing (depriving of recourse to justice when a certain time limit has been transgressed) on debentures and mortgages. When, through the law’s intervention, the common people shall have lost their homes, they will be more easy to control and more easy to govern, and they shall not be able to resist the strong hand of the government acting in accordance with the orders of the central power of imperial wealth, under the control of the leaders of finance. Our top leaders are perfectly aware of the truth. They are presently working at establishing an imperialism of capital to rule the world. But while they are implementing this plan, they must keep the people busy with political antagonisms.” – United States Bankers’ Magazine 1892

“The interests of national banks require immediate financial legislation by Congress (the United States Government). Silver, silver certificates, and Treasury bonds (that is to say, all the Government’s money) must be retired, and National Bank Notes made the only money. This will require the authorization of $500 million to $1 billion of new bonds as the basis of circulation. You will at once retire one-third of your circulation (your paper money) and call in one-half of your loans. Be careful to make a monetary stringency among your patrons, especially among influential businessmen. Advocate an extra session of Congress to repeal the purchasing clause of the Sherman Law, and act with other banks of your city in securing a large petition to Congress for its unconditional repeal per accompanying form. Use personal influence with your Congressmen, and particularly let your wishes be known to your Senators. The future life of national banks depends upon immediate action, as there is an increasing sentiment in favor of government legal-tender notes and silver coinage.”- “The Panic Circular”, American Bankers’ Association 1893

“The year 1893 saw the biggest economic crisis in the country’s history. After several decades of wild industrial growth, financial manipulation, uncontrolled speculation and profiteering, it all collapsed: 642 banks failed and 16,000 businesses closed down. Out of the labor force of 15 million, 3 million were unemployed.” – Howard Zinn

In 1895 the Supreme Court finds an income tax law similar to the 16th amendment unconstitutional.

“Taxation of earnings from labor is on a par with forced labor. Seizing the results of someone’s labor is equivalent to seizing hours from him and directing him to carry on various activities.” – Robert Nozick

In 1896 the central issue in the Presidential campaign is the issue of more silver money. Senator William Jennings Bryan from Nebraska makes an emotional speech at the Democratic National Convention in Chicago, entitled, “Crown Of Thorns And Cross Of Gold.”

“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.” – Senator Jennings Bryan

William McKinley favored the gold standard. Manufacturers and industrialists inform their employees that if William Jennings Bryan is elected, all factories and plants would close and there will be no work. William McKinley beats William Jennings Bryan by a small margin.

“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.” – Pope Leo XIII 1898

The United States annexes Guam, the Philippines, Puerto Rico and gains temporary control over Cuba. The Anti-Imperialist League opposed annexation on economic, legal, and moral grounds. Propaganda identifies William McKinley as an imperialist.

William McKinley is re-elected in 1900 this time with imperialist foreign policy paramount. William Jennings Bryan did not want war with Spain, opposed the annexation of the Philippines and still campaigned for silver money but after the passage of the Gold Standard Act of 1900 William McKinley easily won re-election. William McKinley claimed to want American producers supreme in world markets.

Leon Frank Czolgosz assassinates William McKinley. Leon Frank Czolgosz was heavy influenced by the anarchists Emma Goldman and Ovsei Osipovich Berkman who were deported under the Anarchist Exclusion Act of 1903.

Shortly before the Panic of 1907 Jacob Hirsch Schiff, the head of Kuhn, Loeb & Company, speaking to the New York Chamber of Commerce forewarned, “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.” (It is likely that Kuhn, Loeb & Company resources were running low after financing the Russian revolution of 1905 and the Japanese in their war with Russia.)

“A study of the panics of 1873, 1893, and 1907 indicates that these panics were the result of the international bankers’ operations in London.” – Eustace Mullins

Paul Warburg began spending almost all of his time writing and lecturing on the need for “bank reform.” Kuhn, Loeb & Company kept him on salary at $500,000 per year while for the next six years he donated his time to “the public good.”

Two stock market crashes then occurred in March 1907 and then again in October 1907 with the stock market falling nearly 50% from its peak in 1906, there were numerous runs on banks and trust companies leading to the closings of many banks and businesses.

John Pierpont (JP) Morgan, threatened by the developing trusts, refused to help Knickerbocker Trust which was experiencing a run on deposits because of Charles T. Barney’s (Knickerbocker Trust president) connection to Charles Morse and his partners Otto and Augustus Heinze, who had failed in a hostile takeover attempt of United Copper Company.

On October 21 the National Bank of Commerce announced that it would stop accepting cheques for the Knickerbocker Trust and Knickerbocker Trust collapsed.

Next to the front-page article describing the run on the Knickerbocker Trust in the Wednesday, October 23, edition of the New York Times was a headline describing the Trust Company of America, the second largest trust company in New York City, as the current “sore point” in the panic. By attracting attention to the Trust Company of America, the newspaper article greatly exacerbated the serious run on it. This ‘sore point’ statement was made by George W. Perkins, a senior Morgan partner.

“Oakleigh Thorne testified before a congressional committee that his bank had been subjected to only moderate withdrawals … that he had not applied for help, and that it was the [Morgan’s] ‘sore point’ statement alone that had caused the run on his bank. From this testimony, plus the disciplinary measures taken by the Clearing House against the Heinze, Morse and Thomas banks, plus other fragments of supposedly pertinent evidence, certain chroniclers have arrived at the ingenious conclusion that the Morgan interests took advantage of the unsettled conditions during the autumn of 1907 to precipitate the panic, guiding it shrewdly as it progressed so that it would kill off rival banks and consolidate the preeminence of the banks within the Morgan orbit.” – Frederick Lewis Allen, Life Magazine April 25, 1949

“All this trouble could be averted if we appointed a committee of six or seven public-spirited men like John Pierpont Morgan to handle the affairs of our country.” – Woodrow Wilson statement made during Panic of 1907

John Pierpont Morgan then publicly announced that he would provide liquidity to the Trust Company of America, staving off its collapse. (Super corporatist to the rescue!)

“Capital must protect itself in every way. Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd.” – John Pierpont Morgan

John Pierpont Morgan retakes control of many smaller New York banks by manufacturing over $40,000,000 completely reserveless private money (fungible instruments), purchasing goods and services with it while sending some of it to his branch banks to be lent out at interest.

{J.P. Morgan Company began as George Peabody and Company. George Peabody began business in Georgetown, D.C. in 1814 as Peabody, Riggs and Company operating the Georgetown Slave Market. In 1815, to be closer to their source of supply, they moved to Baltimore, where they operated as Peabody and Riggs, from 1815 to 1835. George Peabody found himself increasingly involved with business originating from London, and in 1835, he established the firm of George Peabody and Company in London. Nathan Mayer Rothschild funded George Peabody’s ascension in London society.

George Peabody operated in stock markets with a half million pounds on hand, and became very astute in his buying and selling on both sides of the Atlantic. Junius Spencer Morgan, father of John Pierpont Morgan, acted as George Peabody’s American agent. The Bank of England (Nathan Mayer Rothschild) lent George Peabody and Company five million pounds during the Panic of 1857.

George Peabody was succeeded by Junius Spencer Morgan. To continue the rape of the North American continent Junius Spencer Morgan agreed to continue the sub rosa relationship with Nathan Mayer Rothschild, and soon expanded the firm’s activities by shipping large quantities of railroad iron to the United States.}

“In 1907 nature responded most beautifully and gave this country the most bountiful crop it had ever had. Other industries were busy too, and from a natural standpoint all the conditions were right for a most prosperous year. Instead, a panic entailed enormous losses upon us. Wall Street speculation brought on the Panic of 1907. The depositors funds were loaned to gamblers and anybody the Money Trust wanted to favor. Then when the depositors wanted their money, the banks did not have it.” – Charles A. Lindbergh, Sr.

In 1908 Theodore Roosevelt signed into law, following the financial panic, a bill creating the, “National Monetary Commission.” This commission, packed with John Pierpont Morgan’s friends and cronies included chairman Senator Nelson Wilmarth Aldrich from Rhode Island. Senator Nelson Wilmarth Aldrich represented America’s richest banking families from Newport Rhode Island. {Nelson Wilmarth Aldrich’s daughter Abby 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. Nelson Wilmarth Aldrich’s son Winthrop Aldrich became chairman of the Chase National Bank.}

Following the setting up of this National Monetary Commission, Nelson Wilmarth Aldrich immediately embarked on a 2 year ‘fact finding’ tour of Europe, where he consulted at length with the soulless 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 was the astoundingly decadent sum of $300,000. [In 2006 $1.00 from 1908 was worth: $22.60 using the Consumer Price Index; $16.87 using the gross domestic product deflator; $51.21 using the value of consumer bundle; $97.43 using the unskilled wage indicator; $129.56 using the nominal gross domestic product per capita indicator; and $437.89 using the relative share of gross domestic product indicator].

Nelson Wilmarth Aldrich returns from his two year European “fact finding” mission on November 22nd, 1910. (Two years of wining and dining with international central bankers

“Finance and the tariff are reserved by Nelson Aldrich as falling within his sole purview and jurisdiction. Mr. Aldrich is endeavoring to devise, through the National Monetary Commission, a banking and currency law. A great many are firmly of the opinion that Mr. Aldrich sums up in his personality the greatest and most sinister menace to the popular welfare of the United States.” – Harper’s Weekly, May 7, 1910

Shortly after Nelson Wilmarth Aldrich return America’s most wealthy and powerful men board Nelson Wilmarth Aldrich’s private railcar in the strictest secrecy. They journey to Jekyll Island off the coast of Georgia. In this group was Paul Warburg, who was earning a $500,000 a year salary from Rothschild controlled firm, Kuhn, Loeb & Company to lobby for a privately owned central bank in America.

Also present was Jacob Hirsch Schiff, a Rothschild descendant who had purchased control of Kuhn, Loeb & Company shortly after he arrived in America from England. The Rothschild’s, Warburgs and Schiffs, interconnected by marriage, were essentially the same family. Paul Warburg married Nina Loeb, daughter of Solomon Loeb of Kuhn, Loeb & Company. Felix Warburg married Frieda Schiff, daughter of Jacob Hirsch Schiff. 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.”

It was not just the setting up of a central bank that was on the agenda. Another problem for the soulless central bankers was that their market share of these big national banks was shrinking fast. In the first ten years of the century the number of American banks had more than doubled to over 20,000. By 1913 only 29% of all banks were national banks and the soulless central bankers held only 57% of all deposits.

“Competition is sin!” – John D. Rockefeller

“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.” – Nelson Wilmarth Aldrich

The aim of these conspirators was to bring these new banks under their control. America’s 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. The power levered by the dictatorship of debt was shrinking fast and the syndicate of the soulless was losing control.

American industry was becoming independent of the soulless central bankers and they were not about to let that happen.

There was a discussion regarding the name of the new bank. Nelson Wilmarth Aldrich believed the word, “bank,” should not even appear in the name. Paul Warburg wanted to call the legislation, the, “National Reserve Bill,” or the, “Federal Reserve Bill.” The idea was to give the impression that the purpose of the new central bank was to stop bank runs and to conceal its monopolistic character. Nelson Wilmarth Aldrich insisted it be called the “Aldrich Bill.” 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 academics at top universities to endorse the new central banking plan. 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 without collateral backing. In order to make the public think the new central banking system was under control of the United States 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. The soulless central bankers knew they could use their money to buy politicians thus ensuring their agents were appointed to the board of governors.

“When that monetary bill was given to the country, it was but a few days previous to the meeting of the American Bankers Association in New Orleans in 1911. There was not one banker in a hundred who had read that bill. We had twelve addresses in favor of it.” – Andrew Frame 1911

1912: The Aldrich Bill, presented to Congress for debate, is very quickly identified as a bill to benefit the soulless central bankers, or an expression for them that was coined at the time, “The Money Trust.”

“The Aldrich plan is the Wall Street plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the trusts instead.” – Charles A. Lindbergh

“Under the Aldrich Plan the bankers are to have local associations and district associations, and when you have a local organization, the centered control is assured. When you have hooked the banks together, they can have the biggest influence of anything in this country, with the exception of the newspapers.” – Leslie Shaw

As this debate raged on, the soulless central bankers realized they didn’t have enough support, so the Republican leadership never brought the Aldrich bill to a vote as the Republican Party had developed a schism. The soulless central bankers switched their attention to the Democrats and started heavily financing Woodrow Wilson, the Democratic presidential nominee.

During the Democratic presidential campaign, Woodrow Wilson and the leadership of the Democratic Party pretended to oppose the Aldrich bill.

As Republican representative, Louis T. McFadden, explained twenty years later, when he 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 Woodrow Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Edward Mandell 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.”

“We object to the Aldrich Bill on the following points:
Its entire lack of adequate government or public control of the banking mechanism it sets up.
Its tendency to throw voting control into the hands of the large banks of the system.
The extreme danger of inflation of currency inherent in the system.
The insincerity of the bond-funding plan provided for by the measure, there being a barefaced pretense that this system was to cost the government nothing.
The dangerous monopolistic aspects of the bill.” – Carter Glass

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

“Paul Warburg is the man who got the Federal Reserve Act together after the Aldrich Plan aroused such nationwide resentment and opposition. The mastermind of both plans was Baron Alfred Rothschild of London.” – Col. Garrison, an agent of Brown Brothers bankers, later Brown Brothers Harriman

“Without Paul Warburg there would have been no Federal Reserve Act. The banking house of Warburg and Warburg in Hamburg has always been strictly a family business. None but a Warburg has been eligible for it, but all Warburg shave been born into it. In 1895 Paul Warburg married the daughter of the late Solomon Loeb of Kuhn, Loeb & Company. Paul Warburg became a member of Kuhn, Loeb & Company in 1902.” – Harold Kelloch

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

However this admission by Paul Warburg was not made public. Instead, Nelson Wilmarth Aldrich, and Frank Vanderlip, the president of John D. Rockefeller’s National Citibank of New York, publicly stated their opposition to the bill in order to make people believe that the bill proposed was radically different to the Aldrich Bill.

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.”

Wilmington, Delaware attorney Alfred Owen Crozier wrote United States Money Vs. Corporation Currency, “Aldrich Plan” in which he stated, “Congress should go slow on currency legislation. The recent artificial panic was to scare the country into forcing Congress to act quickly and blindly. Selfishness instead of patriotism seems to be the inspiration of every proposition emanating from the banking sources. They want elasticity, a rubber currency. This means simply the power to expand and contract the volume of money. But in every plan the banks demand the exclusive right to exercise this dangerous power. They are unwilling to have the peoples government have any say.”

With Congress nearing a vote on the Glass-Owen Bill they call Alfred Owen Crozier to testify.

“The bill should prohibit the granting or calling in of loans for the purpose of influencing quotation prices of securities and the contracting of loans or increasing interest rates in concert by the banks to influence public opinion or the action of any legislative body. Within recent months, William McAdoo, Secretary of the Treasury of the United States was reported in the open press as charging specifically that there was a conspiracy among certain of the large banking interests to put a contraction upon the currency and to raise interest rates for the sake of making the public force Congress into passing currency legislation desired by those interests. The so-called administration currency bill grants just what Wall Street and the big banks for twenty-five years have been striving for, that is, PRIVATE INSTEAD OFPUBLIC CONTROL OF CURRENCY. It 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 Aldrich Bill puts this power in one central bank. The Administration Bill puts it in twelve regional central bank, all owned exclusively by the identical private interests that would have owned and operated the Aldrich Bank. President Garfield shortly before his assassination declared that whoever controls the supply of currency would control the business and activities of the people.” – Alfred Crozier 1913

“Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” – Point 5 Communist Manifesto, Karl Heinrich Marx aka Karl Heinrich Mordechai

On December 19, 1913, the Senate passed their version by a vote of 54-34. More than forty important differences in the House and Senate versions remained to be settled.

“The bill as it stands seems to me to open the way to a vast inflation of currency… I do not like to think that any law can be passed which will make it possible to submerge the gold standard in a flood of irredeemable paper currency.” – Henry Cabot Lodge Sr.

Opponents of the bill in both houses of Congress were led to believe that many weeks would elapse before the Federal Reserve Act conference bill would be ready for consideration and they left town for the holiday. In a single day the differences were ironed out and the bill was quickly brought to a vote. On Monday, December 22, 1913, the House 282-60 and the Senate 43-23 passed the Federal Reserve Act.

Woodrow Wilson signed the Federal Reserve Act on December 23, 1913.

{A comparative print of the Federal Reserve Act of 1913 as passed by the House of Representatives and amended by the Senate shows the following change:

The Senate struck out, “To suspend the officials of Federal Reserve banks for cause, stated in writing with opportunity of hearing, require the removal of said official for incompetency, dereliction of duty, fraud or deceit, such removal to be subject to approval by the President of the United States.”

Changed by the Senate to read “To suspend or remove any officer or director of any Federal Reserve Bank, the cause of such removal to be forthwith communicated in writing by the Federal Reserve Board to the removed officer or director and to said bank.”

This completely alters the conditions under which an officer or director might be removed. The power is taken from the President and given to the soulless bankers of the Federal Reserve Board.

We no longer know what the conditions for removal are, or the cause. Apparently incompetency, dereliction of duty, fraud or deceit do not matter to the Federal Reserve Board. Also, the removed officer does not have the opportunity of appeal to the President. In answer to written inquiry, the Assistant Secretary of the Federal Reserve Board replied that only one officer has been removed “for cause” in the thirty-six years, the name and details of this matter being a “private concern” between the individual, the Reserve Bank concerned, and the Federal Reserve Board. }

“In practice, the Federal Reserve Bank of New York became the fountainhead of the system of twelve regional banks, for New York was the money market of the nation. The other eleven banks were so many expensive mausoleums erected to salve the local pride and quell the Jacksonian fears of the hinterland. Benjamin Strong, president of the Bankers Trust (J.P. Morgan) was selected as the first Governor of the Federal Reserve Bank of New York. Adept in high finance, Benjamin Strong for many years manipulated the country’s monetary system at the discretion of directors representing the leading New York banks. Under Benjamin Strong, the Reserve System was brought into interlocking relations with the Bank of England and the Bank of France. Benjamin Strong held his position as Governor of the Federal Reserve Bank of New York until his sudden death during a Congressional investigation of the secret meetings in 1928 between Reserve Governors and heads of European central banks which brought on the Great Depression of 1929-31.” – Ferdinand Lundberg

The signing of the Federal Reserve Act by Woodrow Wilson represented the culmination of years of collusion with his intimate friends, Edward Mandell House, Bernard Mannes Baruch, Paul Warburg, et al.

“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.” – Charles A Lindbergh Sr.

“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.” – Representative Wright Patman, Chairman of the House Banking Committee

In October of 1913 Congress passed a bill, authored by Nelson Wilmarth Aldrich, legalizing the direct income tax of the people which is now commonly known as the 16th amendment. The income tax law was fundamental to the Federal Reserve as the Federal Reserve system 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, like 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. The 16th amendment was never legally ratified according to Bill Benson’s evidence.

“Since the Federal Reserve Act was passed almost 100 years ago, powerful private interests have slowly consumed our Federal Government. Their monopoly power over our monetary system has allowed them to seize all the other powers of government which they used to impose their will onto every area of our lives, from education, to industry, to healthcare . . . all of it.”- Bruce McDonald

“The establishment of the Federal Reserve ensured that the United States would become indebted to and owned by international banking interests, and thus, act in their interest. The Fed financed the US role in World War I, provided the credit for speculation, which led to the Great Depression, and massive consolidation for the interests that own the Federal Reserve System. It then financed US entry into World War II.” – Andrew Gavin Marshall

“A heavy progressive or graduated income tax.” – Point 2 Communist Manifesto, Karl Heinrich Marx aka Karl Heinrich Mordechai

“Socialism as dreamed by Karl Marx called for a graduated income tax and a central bank providing “a flexible [inflatable paper] currency.” – Edward Mandel House

On December 24, 1913, Jacob Hirsch Schiff wrote to Edward Mandell House, “My dear Colonel House. I want to say a word to you for the silent, but no doubt effective work you have done in the interest of currency legislation and to congratulate you that the measure has finally been enacted into law. I am with good wishes, faithfully yours, Jacob Schiff.”

If you doubt the Federal Reserve is a private corporation check the phone book. The Federal Reserve is listed in the business pages not the government pages.

Some claim that the Federal Reserve is a quasi-governmental agency. A President appoints only 2 of the 7 members of the Federal Reserve Board of Governors, every four years, to 14 year terms. A President is limited to an eight year term. The Senate confirms these appointments as the soulless central bankers finance their campaigns.

The federal government/American people have never owned a single share of stock in any Federal Reserve bank!

All Federal Reserve banks are privately owned!

The Federal Open Market Committee creates money out of nothing!

Most “currency” is now in the form of electronic records, rather than paper records such as banknotes. Open market operations are conducted simply by electronically increasing or decreasing (‘crediting’ or ‘debiting’) the amount of currency that a bank has in its reserve account at the central bank in exchange for a fungible instrument. (Fungible instruments are simply entries in an electronic spreadsheet.)

Currency is created when the balance in a reserve account is increased. The newly created currency is then used by the central bank to buy in the open market other fungible instruments which may or may not be backed with tangible financial asset, such as government bonds, foreign currency, or gold. When the central bank sells these fungible instruments in the open market, the amount of currency that the purchasing bank holds decreases, effectively destroying currency.

The United States Department of the Treasury sells marketable securities (Bills, Notes, Bonds, and Treasury Inflation-Protected Securities (TIPS) to the public through regular public auctions to raise the cash needed to operate the federal government and to refund maturing securities.

Marketable securities can be bought, sold or transferred after they are originally issued.

Marketable securities are simply government IOU’s. People purchase marketable securities in order to get a secure rate of interest. At the end of the term of the marketable security, the United States Department of the Treasury repays the principle, plus interest and the marketable security is destroyed – i.e. the fungible instrument is deleted from the electronic spreadsheet.

For example the Federal Reserve system exchanges a fungible instrument for $1,000,000 of marketable securities from the United States Department of the Treasury. When the fractional reserve is 10% – $10,000,000 can then be loaned on a $1,000,000 purchase of marketable securities.

The Federal Reserve, in effect, has created 10% of this totally new $10,000,000 by ‘purchasing’ government IOU’s with fungible instruments (which in this case is simply a Federal Reserve entry in an electronic spreadsheet). The Federal Reserve then issues loans to member banks to create the other 90%.

To reduce the amount of money in circulation this process is simply reversed. The Federal Reserve sells marketable securities to the public and the money flows out of the purchaser’s local bank. When the fractional reserve is 10% – loans must be then reduced by ten times the amount of the sale, so a Federal Reserve sale of $1,000,000 in marketable securities, results in a $10,000,000 reduction of currency in the economy when fractional reserve rules are observed.

The Federal Reserve controls the amount of currency in circulation in two ways.

The first way the Federal Reserve controls the amount of currency in circulation is through the purchase and sale of marketable securities. (The Federal Reserve also controls the interest rate on the marketable securities through it’s purchasing and sales of marketable securities. When the United States Department of the Treasury offers more marketable securities than the rate of demand of those marketable securities then the Federal Reserve can step in and purchase the excess capacity to keep interest rates low or the Federal Reserve can refuse to purchase those marketable securities and the interest rate on those marketable securities will increase to draw in needed capital. This is why China owns so many T-bills(marketable securities)!)

The second way the Federal Reserve controls the amount of currency in circulation is through the interest rate it charges its member banks to borrow. (When interest rates go up less currency is loaned out and less currency in the system creates contraction – recession or depression.)

“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.” – Charles A Lindbergh Sr.

“Half a dozen men at the top of the Big Five Banks could upset the whole fabric of government finance by refraining from renewing Treasury Bills.” – London Financial Times 9/26/1921

“I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.” – Richard McKenna

How does the Federal Reserve system benefit the soulless central bankers?

As the Federal Reserve has a absolute authority over the currency in circulation any future monetary reform must take place within the system as designed which is owned through the stock of member banks by the syndicate of the soulless. Since the only system in place is the Federal Reserve all deposits are made for the benefit of the Federal Reserve system which can loan up to 9 times the deposit when fractional reserves are set at 10%. Monetary policy, set by the privately owned and operated Federal Reserve, is highly independent of effective political control. To assure that the soulless central bankers retain control of international finance the Federal Reserve is subservient only to the Bank of International Settlements which is controlled by the syndicate of the soulless!

“The great banks for years have sought to have and control agents in the Treasury to serve their purposes. There are bankers of this country who are enemies of the public welfare. In the past, a few great banks have followed policies and projects that have paralyzed the industrial energies of the country to perpetuate their tremendous power over the financial and business industries of America.” – Senator Stone, Senate debate on the Federal Reserve Act December 12, 1913

“The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for “rearmament” and “defense”, in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the “interest” on the debt which the bankers have artificially created.” – Eustice Mullins

In 1914 at the start of World War I the German Rothschild’s loaned money to the Germans, the British Rothschild’s loaned money to the British, and the French Rothschild’s loaned money to the French while the Federal Reserve provided liquidity with cash infusions. (Interestingly the soulless central bankers always seem to have plenty of money to lend for war purposes!)

“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 business men 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.” – Charles A Lindbergh Sr.

The Federal Reserve banks began operations on November 16, 1914 with total assets listed at $143,000,000 garnered from the sale of shares in the Federal Reserve banks to stockholders of the national banks which subscribed to it. It seems most likely that from the very outset, the Federal Reserve operations were “paper issued against paper”, that fungible bookkeeping entries in a database comprised the only values which actually “changed hands.”

The stock in the original twelve regional Federal Reserve banks was purchased by national banks in twelve regions. The Federal Reserve Bank of New York set the interest rates and directed open market operations, thus controlling the daily supply and value of money throughout America.

The original organization certificates of the twelve Federal Reserve banks gave the ownership of shares by the national banks in each district. The Federal Reserve Bank of New York issued 203,053 shares, and, as filed with the Comptroller of the Currency May 19, 1914, the large New York City banks took more than half of the outstanding shares. The Kuhn, Loeb & Company controlled National City Bank took the largest number of shares of any bank, 30,000 shares. J.P. Morgan’s First National Bank took 15,000 shares. When these two banks merged in 1955, they owned in one block almost one fourth of the shares in the Federal Reserve Bank of New York, which controlled the entire system, and thus they could name Paul Volcker*, Alan Greenspan*, Ben S. Bernanke* or anyone else they chose to be Chairman of the Federal Reserve Board of Governors. Chase National Bank took 6,000 shares. The Marine Nation Bank of Buffalo, later known as Marine Midland, took 6,000 shares. This bank was owned by the Schoellkopf family, which controlled Niagara Power Company and other large interests. National Bank of Commerce of New York City took 21,000 shares.

Even as the original sale was made it became impossible to trace who owned the stock in the corporate banks that owned shares of the Federal Reserve as shareholds are protected from disclosure. (What are they trying to hide!)

Each member bank of the Federal Reserve system owns nonnegotiable shares of stock in its regional Federal Reserve Bank. A 6 percent dividend is paid on the stock to member banks which are all privately (through a joint stock corporation) owned and operated.

Federal Reserve Board of Governors must approve Federal Regional Bank presidents.

The current members of the Board of Governors are:
* Ben Bernanke, Chairman
* Donald Kohn, Vice-Chairman
* Frederic Mishkin
* Kevin Warsh (married to Jane Lauder*)
* Randall Kroszner affiliated with American Enterprise Institute

“The Federal Reserve was created to promote price stability, prevent financial panics and smooth out the amplitude of the business cycle. Ironically, and unbeknownst to most Americans, Federal Reserve policy is enormously responsible for the boom-and-bust economic metric. Interest rate reductions, money supply manipulation, currency intervention, and interference in the private sector are not the marks of a free-market economy.” – Drew Klein 04/08

In 1915 John Pierpont Morgan became the sales agent for the, “War Materials Board,” to both the British and the French engaged in World War I. Woodrow Wilson appointed Bernard Mannes Baruch to head the “War Industries Board.” According to historian, James Perloff, both Bernard Mannes Baruch profited by approximately 200 million dollars during World War I.

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

“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.”- Woodrow Wilson

In 1917 Woodrow Wilson calls for war on Germany, which Congress declares on April 6, 1917.

With the entry of the United States into the World War I, Julius H. Barnes, a grain salesman, and Prentiss Gray, a lumber shipping clerk, were given important posts in the newly created United States Food Administration under Herbert Hoover’s direction. Julius H. Barnes became President of the Grain Corporation of the United States Food Administration and Prentiss Gray was chief of Marine Transportation. G. A. Zabriskie, was named head of the United States Sugar Equalization Board. All three – Julius H. Barnes, G. A. Zabriskie, Prentiss Gray – were agents for J. Henry Schroder Banking Corporation in New York

After the World War I, the partners of J. Henry Schroder Company owned most of Cuba’s sugar industry. M.E. Rionda was president of Cuba Cane Corporation, director of Manati Sugar Company and American British and Continental Corporation, and other firms. Baron Bruno von Schroder, senior partner of the firm, was a director of North British and Mercantile Insurance Company. His father, Baron Rudolph von Schroder of Hamburg, was a director of Sao Paulo Coffee Ltd., one of the largest Brazilian coffee companies, with F.C. Tiarks, also of the Schroder firm.

The Czars of Russia continually opposed a central bank in Russia and supported Abraham Lincoln during the Civil War. Jacob Hirsch Schiff spent 20 million dollars through his firm, Kuhn, Loeb & Company, to finance the Bolshevik Revolution.

It is commonly believed that communism is the opposite of capitalism, so why would these capitalists support it?

“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.” – Gary Allen

In January 1919 the Paris Peace Conference takes place following the end of World War I. The soulless central bankers put World Government at the top of their agenda, and Paul Warburg and Bernard Mannes Baruch attend this conference with Woodrow Wilson. To the soulless central bankers dismay, the world was not yet ready to dissolve national boundaries and accept World Government, so that part of their plan 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 soulless central bankers had failed and World Government was put on hold for the time being.
{The League Of Nations existed from 1919 – 1946. The League Of Nations was replaced by the first World Government – the United Nations after World War II.}

In 1920 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 Warren G. Harding reduced taxes domestically, and increased tariffs on imports to record levels.

“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.” – Thomas Edison, December 6, 1921New York Times

“People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account.” – Thomas Edison

“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.” – Theodore Roosevelt (made previously)

“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.” – John Hylan, Mayor of New York, March 26, 1922New York Times

“The Jews are responsible for Bolshevism in Russia, and Germany too. I was far too indulgent with them during my reign, and I bitterly regret the favors I showed the prominent Jewish bankers.”- German Kaiser Wilhelm II Chicago Tribune July 2, 1922

On August 2nd, 1923 Warren G. Harding dies on a train under mysterious circumstances. The cause was given as either food poisoning or a stroke although no autopsy was performed. Warren G. Harding was succeeded by his Vice-President Calvin Coolidge. Calvin Coolidge continued Warren G. 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 Warren G. Harding and Calvin 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%.

Shortly before his death in 1924, Woodrow Wilson made the following statement in relation to his support for the Federal Reserve, “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

In Europe in July 1927 Bank of England Governor Montagu Norman, Benjamin Strong of the Federal Reserve Bank of New York, 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. 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.

In 1927 the Federal Reserve bailed out the Bank of England by increasing the money supply through cheap loans, cheap loans used to purchase stock on margin, which allowed the gold to flow back into the coffers of the Bank of England by reducing the value of the American dollar in relation to the British pound(£).

“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it.” – Ben Shalom Bernanke, 2002 birthday tribute to Milton Friedman

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

“In the 1920s, the United States experienced a stock market boom, which was a result of the commercial banks providing funds for the purchase of stock and took the latter as collateral, creating a massive wave of underwriting and purchasing of securities. The stock market speculation that followed was the result of the banks borrowing substantially from the Federal Reserve. The Federal Reserve System financed the great stock market boom.” – Andrew Gavin Marshall

1929: In April, Paul Warburg sent out a secret warning to his soulless apostate associates that a collapse and nationwide depression had been planned for later that year. In August the Federal Reserve began to tighten the money supply.

On 24th October the big New York bankers called in their 24 hour broker call loans.

“When everything was ready, the New York financiers started calling 24 hour broker call loans. This meant that the stockbrokers and the customers had to dump their stock on the market in order to pay the loans. This naturally collapsed the stock market and brought a banking collapse all over the country because the banks not owned by the oligarchy were heavily involved in broker call claims at this time, and bank runs soon exhausted their coin and currency and they had to close. The Federal Reserve system would not come to their aid, although they were instructed under the law to maintain an elastic currency.” – William Jennings Bryan

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.”

“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.” – John Kenneth Galbraith, The Great Crash 1929

“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.” – Louis T. McFadden

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.”

Between 1929 and 1933, despite the claims of how the Federal Reserve would protect the country against depressions and inflation, the money supply was reduced by an additional 33%.

“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, radio interview January 1996

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.

As soon as massive loan defaults occurred the Federal Reserve, in concert with the other central banks, started printing money through loans that were given to agents of the syndicate of the soulless who purchased assets, assets which had been used for loan collateral that had been seized on defaulted loans, for pennies on the dollar of actual market value consolidating more wealth in the hands of the syndicate of the soulless.

{An example of this is Joseph P. Kennedy, John F. Kennedy’s father. In 1929 Joseph P. Kennedy was worth 4 million dollars, in 1935 that had increased to over 100 million dollars. Joseph P. Kennedy smuggled scotch whiskey during prohibition. Joseph P. Kennedy was an illegal drug dealer who reaped a fortune and then bought his son the presidency!

Andrew William Mellon, Herbert Hoover’s Secretary of the Treasury, spent much of the time overseas between 1929-31 purportedly negotiating for repayment of European war debts from World War I. Andrew William Mellon served as a director of the Pittsburgh National Bank of Commerce.

Andrew William Mellon advised Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.”

Andrew William Mellon was thought to be the third wealthiest man in America after John D. Rockefeller and Henry Ford”}

This is how depressions are engineered.

As stated previously agents of the syndicate of the soulless of the 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 the hands of the soulless central bankers. It also was spent overseas, while 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 soulless central bankers World War II.

“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 Adolf 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, Adolf 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.” – Louis T. McFadden, Chairman of the House Banking & Currency Committee

“Those who controlled private capital largely walked away from the US economy for the entire 1930s, refusing to pump in enough new investment even to replace the machinery and goods-in-process that were consumed during the decade.” – Robert P. Murphy

General Motors, General Electric, DuPont – controlled by the international bankers J. P. Morgan, Rockefeller, Chase, and Warburg – were intimately related to the growth of the Nazi war armaments industry. The money pumped into Germany to build her up in preparation for World War II, was pumped into German banks affiliated with the Harriman interest in New York. That money was supplied by the the international bankers J. P. Morgan, Rockefeller, Chase, and Warburg. Basically much of the money printed through loans by the Federal Reserve went to rebuild Germany and the Nazi war armaments industry.

The Bank for International Settlements (BIS) is established in 1930 by Charles G. Dawes (Rothschild agent and Vice President under 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 by the soulless central bankers as the, “Central Bank for the central banks.” Whereas the International Monetary Fund 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 soulless 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. 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.

At one point in time the BIS’ board of directors, five elected – the rest permanent, were:

# 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

“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 (home of first World Zionist Congress, chaired by Theodor Herzl in 1897), 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.”- Carroll Quigley Tragedy And Hope

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 though 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.

“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 bankrupt our government. It has done this through…the corrupt practices of the moneyed vultures who control it.” – Louis T. McFadden, 1932, Chairman of the House Banking & Currency Commission

“The World today, however provides a spectacle of a great concentration of Jewish power. In New York there is a concentration of Jewish financial power dominating the entire world in its material affairs, and side by side with it is the greatest physical concentration of the Jews ever recorded. On the other side of the globe, there has taken place in Russia the greatest concentration of the Jewish revolutionary activity in all history… The enormously significant thing in the world today is that both this power of the purse and revolutionary activity are working in the direction of destroying the entire existing order of things, and not only are they working in a common direction, but there is a mass of evidence that they are working in unison.” – Arthur Nelson Field, The Truth About the Slump

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

On March 4th, 1933 during his inaugural address, Franklin Delano 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.”

The liar Franklin Delano Roosevelt outlaws 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 Franklin Delano Roosevelt was effectively a confiscation of all the American peoples gold. In small town America, the people did not trust Franklin Delano Roosevelt. However, the people were given a simple choice. Either turn in your gold and be paid the official price of $20.67 an ounce or you will be liable for a $10,000 fine and a ten year prison sentence(police state tactics). No one knows who was responsible for this gold confiscation order. No Congressman ever claimed having written it, Franklin Delano Roosevelt stated he had not written it, nor had he even read it.

Franklin Delano 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.”

In its 20th June, 1934 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.”

“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, James Bryce, 1st Viscount Bryce

“Through the Federal Reserve 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 Federal Reserve to conceal its powers – the truth is this – the Federal Reserve has usurped the Government…the sack of these United States by the Federal Reserve is the greatest crime in history…what King ever robbed his subject to such an extent as the Federal Reserve 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 Federal Reserve was passed, the people of these United States did not perceive that a world system was being set up … a super state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” – Louis T. McFadden, Chairman of the House Banking & Currency Committee

Once all the gold held by American citizens had been turned in under Franklin Delano Roosevelt’s 1933 confiscation order at the price of $20.67 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.

The world price of gold had been set since 1810 in the private bank of N. M. Rothschild & Sons in London, at 11:00 a.m., on a daily basis. Paul Warburg and his soulless money changing partners who put their money into gold at $20.67 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. (Baron David de Rothschild withdrew NM Rothschild from the gold market in 2005. Expecting an economic meltdown perhaps?)

The soulless central bankers have a golden rule, “He who has the gold, makes the rules.”

Franklin Delano 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.

On October 3, 1936 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 Louis T. McFadden’s life, he had suffered an earlier poisoning and had shots fired at him. Louis T. McFadden had been trying for years to nationalize the Federal Reserve. Louis T. McFadden had been warned to back off, but this truly great American patriot, put the people he represented before himself, as all elected officials are supposed to do, and was killed by the soulless money changers as a result.

In 1937 the gold now began to flow into Fort Knox.

By 1938 with the Federal Reserve, having been in control of the United States economy for 25 years under the pretext of promoting monetary stability, has created three major economic downturns including the Great Depression.

“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 systemIt 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 banks …To paraphrase Clemenceau money is much too serious a matter to be left to the soulless central bankers.” – Milton Friedman, Riksbank Prize winning economist

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.”

“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 was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes such as mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create money and control credit.” – Sir Josiah Stamp, director of the Bank of England 1941

In July 1944 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), are approved with full United States participation. The principal architects of the Bretton Woods system, and hence the International Monetary Fund, were Harry Dexter White and John Maynard Keynes. Harry Dexter White was identified as a Soviet spy, code name “Jurist,” in an FBI memo on October 16, 1950.John Maynard Keynes was a socialist and British citizen.

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 increased the reach of the international banking cartel’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 International Monetary Fund 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 International Monetary Fund 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. The voting power in the International Monetary Fund gives the Federal Reserve and the Bank of England effective control.

In 1945 the second, “League Of Nations,” now renamed the, “United Nations,” was approved. For the soulless central bankers, World War II, had been a resounding 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.

In 1946 the Bank of England is 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.

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 the soulless central bankers. 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 international corporations.

Although the Bank of England is called a central bank it is now essentially a regulatory body that supports and oversees the existing banking 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.

{If there was any question of central banks creating money by a fungible accounting entry then that question has been answered. In March 2009 the Bank of England gave itself 75 billion pounds, with a fungible entry and a click of the mouse, to purchase its own outstanding bonds. This is printing money plain and simple. So if you are a central banker you can print all the money you want but if you are a citizen and you print money you will be imprisoned – for a lengthy period of time. The overlords of the syndicate of the soulless win again while the citizens just keep bleeding.}

By 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; Japanese debt increased by 1,348%; French debt increased by 583% and Canadian debt increased by 417%.

James Paul Warburg, Paul Warburg’s son, appearing before the Senate on 7th February, 1950 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.”

For a World Government to function the economic systems of the entire world must be centralized. Three steps were taken:

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 global economy through the Bank of International Settlements, create a world currency, and end national independence through the abolition of all tariffs by treaties like NAFTA and GATT.

“NAFTA is a major stepping stone to the New World Order.” – Henry Kissinger, campaigning for the passage of NAFTA

Dwight D. Eisenhower orders an audit of Fort Knox. Fort Knox is found to contain over 700 million ounces of gold, 70% of all the known gold in the world. Although Federal law requires an annual physical audit of Fort Knox’s gold, it is under Dwight D. Eisenhower’s presidency that the last audit is carried out.

In 1963 John F. Kennedy issues dollar bills carrying a red seal called a United States Note. John F. Kennedy United States Notes were merely a reissue of the Greenbacks introduced by Abraham Lincoln.

On June 4, John F. 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. By signing Executive Order No. 11110 John F. Kennedy signed his death warrant and was assassinated by agents of the syndicate of the soulless on November 22, 1963.

As of October 2009 the Central Intelligence Agency continued to refused to release documents ,by continuing to fight a six-year court battle, related to the assassination of John F. Kennedy.

Why does the Central Intelligence Agency not want the American people to know what is written in those documents and who are they still protecting?

“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.” – Congressman Wright Patman, Chairman Of The House Banking And Currency Committee, 1967

In 1968 the “Nobel Prize” in economics is established to celebrate the 300th anniversary of the Riksbank, the Swedish central bank. Peter Nobel, a human rights lawyer and the great-grandson of Alfred Nobel’s brother Ludwig, along with three of his cousins, have questioned the legitimacy of the economics prize and demanded that the Nobel name be dropped from the award. Peter Nobel and his cousins claim the economics prize was “never in Alfred Nobel’s will and is not in the spirit of his prizes”. Peter Nobel and his cousins argue that it should be named the Riksbank Prize to reflect its heritage.

Between 1969-2007, 53 Noble prizes in economics were awarded. Ashkenazi economists received more than half. The following Ashkenazi were awarded the Riksbank Prize: George Arthur Akerlof Kenneth Arrow, Robert Aumann, Gary Becker, Robert Fogel, Milton Friedman, John Harsanyi, Daniel Kahneman, Leonid Kantorovich, Lawrence Klein, Simon Kuznets, Wassily Leontief, Harry Markowitz, Robert Merton, Merton Miller, Franco Modigliani, Paul Samuelson, Myron Scholes, Reinhard Selten, Herbert Simon, Robert Solow, Joseph Stiglitz, Leonid Hurwicz, Eric Stark Maskin, Roger Myerson and Paul Krugman. (Of course this makes sense as the prize is awarded by the Ashkenazi controlled Swedish central bank – the Riksbank.) (The official prize name is now the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.) In 2008 the prize was awarded to the Ashkenazi Paul Robin Krugman.

In 1969 Congress approves laws authorizing the Federal Reserve to accept the International Monetary Fund’s, “SDR’s,” as reserves in the United States and to issue Federal Reserve Notes in exchange for SDR’s.

By 1971 all the pure gold has been sold to soulless central bankers for the $35 per ounce price. Richard Nixon repeals Franklin Delano 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 1980, gold sold for $880 per ounce, a staggering 25 times what the gold in Fort Knox was sold to the international bankers for.

In 1974 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 falls to her death from the window of her ten story apartment block in New York.

In 1975 Edith Roosevelt, the grand-daughter of 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.” No audit of the gold in Fort Knox to quell this speculation is taken.

In 1981 when Ronald Reagan took office, his conservative friends suggested to him that he return to a gold standard, as a means to curbing government spending. Ronald 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.

In 1982 Ronald 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 soulless central bankers, as collateral against the National debt.”

“The stock of the Federal Reserve banks is held entirely by commercial banks that are members of the Federal Reserve system.” – Donald J. Winn, Assistant to the Board of Governors in response to an inquiry by a Congressman, the Honorable Norman D. Shumway, on March 10, 1983

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” – Alan Greenspan

“This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.” – Robert Hemphill

“Members of the Council on Foreign Relations played a key role in getting America into World War II.

They played the role in creating the basic policies which this nation has followed since the end of World War II.

These policies are accomplishing:
(1) the redistribution to other nations of America’s reserve of gold which made our dollar the strongest currency in the world;
(2) the building up of the industrial capacity of other nations, at our expense, thus eliminating our pre-eminent productive superiority;
(3) the taking away of world markets from American producers (and even much of their domestic market) until America will no longer dominate world trade;
(4) the entwining of American affairs – economic, political, cultural, social, educational, and even religious – with those of other nations until America will no longer have an independent policy, either domestic or foreign: until we can not return to our traditional foreign policy of maintaining national independence, nor to free private capitalism as uneconomic system.” – Dan Smoot, The Invisible Government 1962

“It is in the pecuniary interests of the international bankers to centralize political power – and this centralization can best be achieved within a collectivist society, such as socialist Russia, national socialist Germany, or a Fabian socialist United States.

There can be no full understanding and appreciation of twentieth-century American politics and foreign policy without the realization that this financial elite effectively monopolizes Washington policy.

In case after case, newly released documentation implicates this elite and confirms this hypothesis. The revisionist versions of the entry of the United States into World Wars I and II, Korea, and Vietnam reveal the influence and objectives of this elite.

For most of the twentieth century the Federal Reserve System, particularly the Federal Reserve Bank of New York (which is outside the control of Congress, unaudited and uncontrolled, with the power to print money and create credit at will), has exercised a virtual monopoly over the direction of the American economy.

In foreign affairs the Council on Foreign Relations, superficially an innocent forum for academics, businessmen, and politicians, contains within its shell, perhaps unknown to many of its members, a power center that unilaterally determines U.S. foreign policy. The major objective of this submerged – and obviously subversive – foreign policy is the acquisition of markets and economic power (profits, if you will), for a small group of giant multi-nationals under the virtual control of a few banking investment houses and controlling families.

Through foundations controlled by this elite, research by compliant and spineless academics, “conservatives” as well as “liberals,” has been directed into channels useful for the objectives of the elite essentially to maintain this subversive and unconstitutional power apparatus. Through publishing houses controlled by this same financial elite unwelcome books have been squashed and useful books promoted. Through control of a dozen or so major newspapers, run by editors who think alike, public information can be almost orchestrated at will.” – Anthony Sutton

“In the 1970’s and the 1980’s, Congressman Lawrence Patton McDonald was the one who spearheaded the efforts against the Bush version of the New World Order. As a sovereigntist and Constitutionalist, a mortal foe of the Council on Foreign Relations and Trilateral Commission, of which so many in Washington are a part – then State Department Secretary George P. Schultz and President George Herbert Walker Bush both prime-movers in the rush to globalism – it is as if it was decided, by the powers-that-be, that Lawrence Patton McDonald and the 61 other Americans aboard Korean Airlines flight 007 might better to be put to rest. In 1976 Lawrence Patton McDonald wrote the introduction to the “Rockefeller File”, a book exposing the Rockefeller’ financial holdings and secret intentions. The book revealed that the Rockefeller had as many as two hundred trusts and foundation type organizations, and that the actual number of such foundations controlled by the family might well number into the thousands. Such control IS possible because Rockefeller banks, such as Chase Manhattan, have become the trustees for many other United States foundations as well; possessing the right to invest and to vote the capital and common stock of these institutions – through the trust department of the bank.” – Alexander James

“The drive of the Rockefellers and their allies is to create a one-world government combining super capitalism and communism under the same tent, all under their control…. Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” – Congressman Lawrence Patton McDonald, killed in the Korean Airlines 747 that was shot down by the Soviets

“Lawrence Patton McDonald was a cousin of George S. Patton, Jr., the famous general who was killed in an automobile accident at the conclusion of World War II. According to Conspiracies of World War II by J.S. Craig, “The common rumor in Germany at the time was that Patton was assassinated due to his wish to join forces with Germany and attack Russia. Patton had openly admitted that the Allies had defeated ‘the wrong enemy’ and repeatedly praised German industry and the discipline of its people.” – Alexander James

In June, 1989 Representative Henry Gonzalez, of Texas, introduced House Resolution 1469, calling for the abolition of the Open Market Committee of the Federal Reserve system. He also introduced House Resolution 1470, calling for the repeal of the Federal Reserve Act of 1913. During the same session, Representative Phil Crane of Illinois, introduced H.R. 70, calling for an annual audit of the Federal Reserve. However, all of these efforts, like those of others before them, failed.

Americans are told to believe that the deaths of Senator John Heinz and former Senator John Tower, in two separate crashes were “pure” coincidence.

“Senator John Tower had been an outspoken critic of the “Eastern Establishment.” John Tower had a very strong sense of right and wrong, particularly on matters concerning national security. He was well known for “bucking” the tide. This backfired on him with deadly results when certain members of Congress, loyal to the Reagan and Bush faction of the Intelligence Community, banded together against him in a smear campaign which resulted in the denial of Tower’s confirmation as United States Secretary of Defense. Outraged over the undocumented allegation made to slander his name, Tower began the book writing process so feared in Washington circles. His controversial book heavily criticizes his old crony pals in Congress. His death in a plane crash on April 5, 1991 came very shortly after the book was released. One day earlier (April 4, 1991), Senator John Heinz died in a blazing plane crash near Philadelphia. The official reports state that the plane’s landing gear had suddenly malfunctioned. A helicopter was sent up to check out the gear, only to end up (allegedly) crashing into the plane itself.” – Alexander James

Senator John Heinz and Senator John Tower had both been members of the Council on Foreign Relations and realized its manipulation in plans for world tyranny. Both had served on powerful Senate banking and finance committees. Both were very astute when it came to matters of monetary policy and the implementation of foreign policy.

In November 2005 Treasury Department figures show that from 1776 – 2000, all the previous American Presidents borrowed a total of $1.01 trillion dollars. Between 2001 and 2005 the Bush administration has borrowed $1.05 trillion.

By March 2008, all of the major United States investment banks had either merged with commercial banks, failed, or voluntarily placed themselves under Federal Reserve control.

Witness the conversion of corporatism into full blown communism!

We can thank our comrades on Wall Street for our new communist government!

“It could be argued that the Fed appears to be rescuing those who caused the problem at the expense of others who had nothing to do with it. If institutions believe they will be rescued from insolvency, they will take imprudent risks: the calculus becomes ‘Heads, I win; tails, the taxpayers lose.’ Federal bank agencies addressed securitization and off-balance sheet finance more than a decade ago, but characterized them as useful risk management tools. Opposition to forms and degrees of regulation that would have seemed excessive before the crisis may be muted because the government has already established a major ownership position in the financial services industry.” – Mark Jickling, November 24, 2008

“Even though the Federal Reserve is now the biggest single participant in the financial system, the myth of a “free market” still lingers on. It’s mind boggling. The Fed has expanded its balance sheet by $2 trillion, guaranteed $8.3 trillion of dodgy mortgage-backed paper, provided a backstop for bank deposits, money markets, commercial paper, and created 8 separate lending facilities to ensure that underwater financial institutions can still appear to be solvent. The whole system is a state subsidized operation buoyed on a taxpayer-provided flotation device which bears no resemblance to an invisible hand. More astonishing, is the massive power grab engineered by the Fed which has taken place without the slightest protest from 535 shell-shocked congressmen and senators. Elected officials have either kept their finger in the air to see which way the political wind is blowing or timidly caved in to Treasury’s every multi-billion dollar demand. It’s flagrant blackmail and everyone knows it.

This is why Bernanke has launched his radical intervention, buying bonds, stocks and anything else that will keep asset-prices from crashing. It’s an attempt to reignite spending by goosing the market. When businesses and consumers can’t sustain demand, the government has to step in and take their place. The real worry is that Bernanke’s pet theory is merely an academic pipe-dream which is doing more harm than good. After all, his strategy is based on a controversial reading of history that is only accepted by disciples of Milton Friedman.

The financial crisis is not an accident of nature, like a tornado or an avalanche. It’s a self-inflicted wound that can be traced back to particular policies that were put in place to shift wealth from one class to another. The low interest rates, the massive leveraging, the undercapitalized institutions, the off-balance sheets operations were all concocted with the same objective in mind. The Fed’s repertoire may change, but the results are always the same; they reflect the deeply-held class bias which orders the economy according to the interests of rich and powerful.” – Mike Whitney December 9, 2008

the squeeze of 2008

Until September 2008, the month of the Lehman Brothers collapse, the Federal Reserve had held the expansion of the Monetary Base virtually flat. Between September and December 2008, just 3 months, the Federal Reserve allowed the Monetary Base to increase from $836 billion to $1,479 billion.
Ben Gisin a former banker who has long been tracking the Fed’s statistical releases says he has never seen anything like it. Assets magically appeared on the Fed’s balance sheet, and they are not coming from any traditional source.

In May 2007 the Federal Reserve reported assets of about $836 billion, 92% of them were the federal securities (government I.O.U.s).

By the spring of 2008 the values of federal securities had dropped to $500 billion and total asset value had remained level until September of 2008.

By January of 2009 the Federal Reserve reported assets of $2.1 trillion, an increase of $1.2 trillion from September 2008 (fungible asset data-base entry). That increase represents loans worth $1.2 trillion – a startling increase which more than doubled the size of the Monetary Base from September 2008 to January 2009.

“The Federal Reserve’s Open Market Committee authorized $300 billion in purchases of long term treasury bonds for six months. The central bank’s latest efforts may help swell its balance sheet to more than $4 trillion this year.” – Scott Lanman, March 25, 2009

Some people call this printing money!

Others call this creating “credit” simply by double-entry bookkeeping!

The soulless central bankers put on the squeeze just a little too hard!

“To understand the real cause of the credit crisis and how it can be reversed, we first need to understand credit itself what it is, where it comes from, and what the real tourniquet is that has limited its flow. Banks actually create credit; and if private banks can do it, so could public banks or public treasuries. The crisis is not one of “liquidity” but of “solvency.” It has been caused, not by the banks’ inability to get credit (something they can create with fungible accounting entries), but by their inability to meet the capital requirement imposed by the Bank for International Settlements, the private foreign head of the international banking system. What actually constrains bank lending is the capital adequacy requirement, something that is imposed not by our own central bank but by the Bank for International Settlements (BIS). Called “the central bankers” central bank, the BIS pulls the strings of the private international banking system from Basel, Switzerland.” – Ellen Brown

“Under a misguided set of international rules that took hold toward the end of the 1990s, banks were allowed use their own internal risk measurements to set their capital requirements.” – Joe Nocera

“The banks have exchanged $2 trillion of presumed toxic waste securities consisting of Asset-Backed Securities in sub-prime mortgages, stocks and other high-risk credits in exchange for Federal Reserve cash and United States Treasury bonds or other Government securities rated (still) AAA, i.e. risk-free. The result is that the Federal Reserve is holding some $2 trillion in largely junk paper from the financial system. Borrowers include Lehman Brothers,Citigroup and JPMorgan Chase, the United States’ largest bank by assets.

These banking conglomerates oppose any release of information because that might signal ‘weakness’ and spur short-selling or a run by depositors.

The Federal Reserve does not want to discuss this. That is clearly also behind their blunt refusal to reveal the nature of their $2 trillion assets acquired from member banks and other financial institutions. Simply put, were the Fed to reveal to the public precisely what ‘collateral’ they held from the banks, the public would know the potential losses that the government may take.” – F. William Engdahl 12/17/08

!!! 95% of the Federal Reserve “assets” are now toxic collateralized debt obligations!!!

On December 16, 2008 the Federal Reserve cut its interbank lending rate to a range of 0% to .25%.

The interest tab to finance federal government expenditures was $412 billion in fiscal year 2008, or about one-third of the federal government’s total income from personal income taxes which was $1,220 billion in 2008.

“The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question, i.e., what kind of international reserve currency do we need to secure global financial stability and facilitate world economic growth, which was one of the purposes for establishing the International Monetary Fund?

There were various institutional arrangements in an attempt to find a solution, including the Silver Standard, the Gold Standard, the Gold Exchange Standard and the Bretton Woods system. The above question, however, as the ongoing financial crisis demonstrates, is far from being solved, and has become even more severe due to the inherent weaknesses of the current international monetary system.

Theoretically, an international reserve currency should first be anchored to a stable benchmark and issued according to a clear set of rules, therefore to ensure orderly supply; second, its supply should be flexible enough to allow timely adjustment according to the changing demand; third, such adjustments should be disconnected from economic conditions and sovereign interests of any single country.

The acceptance of credit-based national currencies as major international reserve currencies, as is the case in the current system, is a rare special case in history.

The crisis again calls for creative reform of the existing international monetary system towards an international reserve currency with a stable value, rule-based issuance and manageable supply, so as to achieve the objective of safeguarding global economic and financial stability.

Issuing countries of reserve currencies are constantly confronted with the dilemma between achieving their domestic monetary policy goals and meeting other countries’ demand for reserve currencies. On the one hand, the monetary authorities cannot simply focus on domestic goals without carrying out their international responsibilities, on the other hand, they cannot pursue different domestic and international objectives at the same time. They may either fail to adequately meet the demand of a growing global economy for liquidity as they try to ease inflation pressures at home, or create excess liquidity in the global markets by overly stimulating domestic demand.

The Triffin Dilemma, i.e., the issuing countries of reserve currencies cannot maintain the value of the reserve currencies while providing liquidity to the world, still exists.

The frequency and increasing intensity of financial crises following the collapse of the Bretton Woods system suggests the costs of such a system to the world may have exceeded its benefits.

The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.

The International Monetary Fund created the Special Drawing Rights(SDR) in 1969, when the defects of the Bretton Woods system initially emerged, to mitigate the inherent risks sovereign reserve currencies caused.

A super-sovereign reserve currency managed by a global institution could be used to both create and control the global liquidity. When a country’s currency is no longer used as the yardstick for global trade and as the benchmark for other currencies, the exchange rate policy of the country would be far more effective in adjusting economic imbalances. This will significantly reduce the risks of a future crisis and enhance crisis management capability.

Special consideration should be given to giving the SDR a greater role.

The SDR has the features and potential to act as a super-sovereign reserve currency. Moreover, an increase in SDR allocation would help the Fund address its resources problem and the difficulties in the voice and representation reform. Therefore, efforts should be made to push forward a SDR allocation. The scope of using the SDR should be broadened, so as to enable it to fully satisfy the member countries’ demand for a reserve currency.

The SDR, which is now only used between governments and international institutions, could become a widely accepted means of payment in international trade and financial transactions.

The allocation of the SDR can be shifted from a purely calculation-based system to a system backed by real assets, such as a reserve pool, to further boost market confidence in its value.

Entrusting part of the member countries’ reserve to the centralized management of the IMF will not only enhance the international community’s ability to address the crisis and maintain the stability of the international monetary and financial system, but also significantly strengthen the role of the SDR. With its universal membership, its unique mandate of maintaining monetary and financial stability, and as an international “supervisor” on the macroeconomic policies of its member countries, the IMF, equipped with its expertise, is endowed with a natural advantage to act as the manager of its member countries’ reserves.” – Zhou Xiaochuan, governor of the People’s Bank of China 03/23/09
Zhou Xiaochuan suggests the American people turn over their sovereignty and allow control of the American banking system by an internationally controlled International Monetary Fund.

One World Government here we come!

“The International Monetary Fund’s Articles of Agreement prevent countries from restoring the “dual exchange rate” systems that many retained down through the 1950s and even into the 60s. It was widespread practice for countries to have one exchange rate for goods and services (sometimes various exchange rates for different import and export categories) and another for “capital movements.”

Under American pressure, the IMF enforced the pretense that there is an “equilibrium” rate that just happens to be the same for goods and services as it is for capital movements. Governments that did not buy into this ideology were excluded from membership in the IMF and World Bank  or were overthrown.

The implication today is that the only way a nation can block capital movements is to withdraw from the IMF, the World Bank and the World Trade Organization (WTO). For the first time since the 1950s this looks like a real possibility, thanks to worldwide awareness of how the U.S. economy is glutting the global economy with surplus “paper” dollars  and U.S. intransigence at stopping its free ride. From the U.S. vantage point, this is nothing less than an attempt to curtail its international military program.” – Michael Hudson



6 Responses to The History Of Soulless Money Changers – From the Pharisees to the FED

  1. Dianne says:

    Amazing and very informative — a lot of good work to bring the truth forward. Thank YOU.

    A pretty good rock is being thrown here:

    It really is time to eject the soulless money changers from the life of our world.


  2. Dianne says:

    Amazing and very informative — a lot of good work to bring the truth forward. Thank YOU.

    A pretty good rock is being thrown here:

    It really is time to eject the soulless money changers from the life of our world.


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  4. Pingback: Globalization/NWO | Prophecy of Noah

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