THE HISTORY OF MONEY PART
WORLD WAR I
The Germans borrowed money from the German
Rothschilds bank, the British from the British Rothschilds bank, and the
French from the French Rothschilds.
American super banker J.P.
Morgan was amongst other things also a sales agent for war materials. Six
months into the war his spending of $10 million a day made him the largest
consumer on the planet.
The Rockefeller's and the head of
president Willson's War Industries Board, Bernard Baruch each made some
200 million dollars while families contributed their sons to the bloody
front lines, but profit was not the only motive for involvement.
Russia had spoiled the money changers plan to split America in
two, and remained the last major country not to have its own central bank.
However, three years after the start of the war the entire Russian
Royal Family was killed and Communism began.
You might find it
strange to learn that the Russian Revolution was also fuelled with British
money. Capitalist businessmen financing Communism?
Allen gives his explanation:
"If one understands that socialism is
not a share-the-wealth programme, but 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, Author
W.Cleon Skousen wrote in his book 'The Naked Capitalist'.
"Power from any source tends to create an appetite for additional
power... It was almost inevitable that the super-rich would one day aspire
to control not only their own wealth, but the wealth of the whole world.
To achieve this, they were perfectly willing to feed the ambitions
of the power-hungry political conspirators who were committed to the
overthrow of all existing governments and the establishments of a central
groups were controlled by being financed when they complied and cut off,
with money sometimes being given to their opposition, when they didn't.
If you find this hard to believe, listen to what the so called
dictator of the new Soviet Union had to say.
"The state does not
function as we desired. The car does not obey. A man is at the wheel and
seems to lead it, but the car does not drive in the desired direction. It
moves as another force wishes."
Vladimir Lenin 1
Rep. Louis T. McFadden, chairman of
the House Banking and Currency Committee throughout the 1920-30s explained
it this way.
"The course of Russian history has, indeed, been
greatly affected by the operations of international bankers... The Soviet
Government has been given United States Treasury funds by the Federal
Reserve Board... acting through the Chase Bank. ...
drawn money from us through the Federal Reserve Banks and has re-lent it
at high rates of interest to the Soviet Government... The Dnieperstory Dam
was built with funds unlawfully taken from the United States Treasury by
the corrupt and dishonest Federal Reserve Board and the Federal Reserve
Banks." Rep. Louis T.McFadden (D-PA) 2
Even when Communism collapsed in the Soviet Union, Boris Yeltsin
revealed that most of the foreign aid was ending up, we quote. "straight
back into the coffers of western banks in debt service."
1. Wurmbrand, "Marx and Satan," p. 49
Congressional Record, June 15, 1934
With Russia down the
money changers now had control of every major national economy. Like a
steam roller moving and a wolf gathering its pack, there was only one
thing left to do and that was to go global. The first attempt was the
proposal at the Paris Peace Conference after WWI to set up the League of
Nations. Old habits die hard, and even what they called 'the war to end
all wars' was not enough to convince nations to dissolve their boundaries.
The League died.
If politicians really were being controlled, you
would think at least one would break ranks and cry out against it. Many
did. One was no less than former New York City Mayor John Haylan
"These international bankers and Rockefeller-Standard Oil
interests control the majority of the newspapers and magazines in this
country. They use the columns of these papers to club into submission or
drive out of office public officials who refuse to do the bidding of the
powerful corrupt cliques which compose the invisible government....
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
generalisations, 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 the international bankers. The little
coterie of powerful international bankers virtually run the United States
government for their own selfish purposes.
control both parties, write political platforms, make catspaws of party
leaders, use the leading men of private organisations, 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."
Hylan, Mayor of New York 1927, 1
These warnings fell on deaf ears, drowned out by the music and
excitement of the roaring 20's. People don't tend to complain much in
times of prosperity, so the money changers used this boom time they had
created to defuse any complaints about their growing
1. (Former New York City Mayor John
Haylan speaking in Chicago and quoted in the March 27, 1927, New York
DEPRESSION IN 1929
Stack in front of you the biographies of all the Wall Street
giants, J.P. Morgan, Joe F. Kennedy, J.D Rockefeller, Bernard Baruch, and
you'll find they all marvel at how they got out of the stock market and
put their assets in gold just before the crash.
Non mention a
secret directive, since revealed, sent by the father of the Federal
Reserve, Paul Warburg, warning of the coming collapse and depression.
With control of the press and the education system, few Americans
are aware that the Fed caused the depression. It is however a well known
fact among leading top economists.
"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, Nobel
Prize winning economist
"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
Rep. Louis T.McFadden (D-PA)
"I think it can hardly be
disputed that the statesmen and financiers of Europe are ready to take
almost any means to re-acquire rapidly the gold stock which Europe lost to
America as the result of World War I."
Rep. Louis T.McFadden (D-PA)
40 billion dollars somehow vanished in the crash.
didn't really vanish, it simply shifted into the hands of the money
changers. This is how Joe Kennedy went from having 4 million dollars in
1929 to having over 100 million in 1935.
During this time the Fed
caused a 33% reduction of the money supply, causing deeper depression.
HOW THE FED CREATES MONEY
We've been talking about how the privately owned Federal
Reserve can produce money from thin air. Here's how it's done.
The purchase of bonds is approved by the Federal Open Market Committee.
2. The Fed buys the bonds which it pays for with electronic
credits made to the sellers bank. These credits are based on nothing.
3. The receiving banks then use these credits as reserves from
which they can loan out ten times the amount.
To reduce the amount
of money in the economy they simply reverse the process.
sells bonds to the public and money is drawn from the purchasers bank to
pay for them.
Each million withdrawn lowers the banks ability to
loan by 10 million.
The Federal bank in this way has overall
control of the US money supply, as each country's central bank does in the
same way. The bankers, through the magic of fractional reserve banking
have been delegated the right to create 90% of the money supply. This
control makes a mockery of any elected government. It places so called
leaders behind a toy steering wheel, like the plastic ones, set up to
amuse small children.
Or as Rep.Charles Lindbergh father of famous
aviator Lucky Lindy puts it when commenting on the Federal Reserve Act:
"This act establishes the most gigantic trust on earth. When the
President signs this bill, the invisible government by the Monetary Power
will be legalised.
The people may not know it immediately, but the
day of reckoning is only a few years removed... The worst legislative
crime of the ages is perpetrated by this banking bill."
Or as Woodrow Wilson put it:
come to be one of the worst ruled, one of the most completely controlled
governments in the civilised 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 that there is
a power somewhere so organised, 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."
to clearly establish that this is not a conspiracy theory, but is actually
how things are controlled, we further quote Charles Lindbergh. From the
house of representatives, Lindbergh was well placed to see exactly what
was happening back then and continues to happen today.
high prices all the federal reserve board will do will be to lower the
re-discount 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
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 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
strangest, 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
Rep. Charles Lindbergh (R-MN)
Most all will be aware of
Hitler's rise to power. What they probably don't know is that he was
almost completely financed by money drawn from the privately owned
American Federal Reserve.
"After WWI, Germany fell into the hands
of the international bankers. Those bankers bought her and they now 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
subsidised the present Government of Germany and they have also supplied
every dollar of the money Adolph Hitler has used in his lavish campaign to
build up threat to the government of Bruening.
When Bruening fails
to obey the orders of the German International Bankers, Hitler is brought
forth to scare the Germans into submission...
Through the Federal
Reserve Board over $30 billion of American money has been pumped into
Germany. You have all heard of the spending that has taken place in
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."
Congressman Louis T.McFadden (D-PA) who served twelve years as
Chairman of the Committee on Banking and Currency.
In 1933 new President Franklin
D. Roosevelt signed a bill forcing all the American people, to hand over
all their gold at base rate. With the exception of rare coins. He disowned
himself from the bill claiming to not have read it and his secretary of
the treasury claimed this was "what the experts wanted".
bargain basement price with money produced from nothing by the Federal
Reserve, the gold was melted down and stacked in the newly built bullion
depository called Fort Knox. Once collected in 1935 the price of gold was
raised from $20.66 up to $35 per ounce, but only non American gold
qualified to be sold. This meant those who had avoided the crash by
investing in gold they had shipped to London could now nearly double their
money while the rest of America starved.
But that's not all folks.
By the end of WWII Fort Knox did hold 70% of the world's gold, but over
the years it was sold off to the European money changers while a public
audit of Fort Knox reserves was repeatedly denied.
about missing gold.
"Allegations of missing gold from our Fort
Knox vaults are being widely discussed in European 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."
Finally in 1981 President Ronald Reagan was convinced to have a
look into Fort Knox with a view to re-introducing the Gold Standard. He
appointed a group called The Gold Commission. They found that the US
Treasury owned no gold at all.
All the Fort Knox gold remaining is
now being held as collateral by the Federal Reserve against the national
debt. Using credits made from nothing. The Fed had robbed the largest
treasure of gold on earth.
WORLD WAR II
World War II saw the US debt increased by
598%, while Japan's debt went up by 1,348%, with France up by 583% and
Canada up by 417%.
When you hear this, what is your first
impression? Do you automatically think this is bad or this is good? Most
of us feel a well programmed sense of desperation when we hear figures
like this, but remember, to the money changers, this is music to their
With the hot war over, the cold war began, the arms race
causing more and more borrowing. Now the money changers could really
concentrate on global domination.
Step one, the European Monetary
Union and NAFTA.
Step two, centralise the global economy via the
World Bank, the IMF and GATT (now the WTO).
THE WORLD CENTRAL BANK (1948 - Present)
In Washington, the headquarters of both the World Bank and the
IMF (International Monetary Fund) face each other on the same street. What
are these organisations, and who controls them?
To find out we
need to look back to just after WWI. At this point the money changers were
attempting to consolidate the central banks under the guise of
peacemaking. To stop future wars they put forward the formation of a world
central bank named the Bank of International Settlements, a world court
called the World Court in the Hague, and a world executive for legislation
called the League of Nations.
In his 1966 book entitled Tragedy
and Hope, president Clinton's mentor Carroll Quigley writes about this.
"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
The apex of the system was to be the Bank for
International Settlements in Basel, Switzerland, a private bank owned and
controlled by the world's central banks which were themselves private
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
Carroll Quigley, Professor, Georgetown University
They got 2 out of 3. The league of nations failed largely owing to
the suspicions of the people and while opposition concentrated on this,
the other two proposals snuck their way through.
It would take
another war to wear the public resistance down. Wall street invested
heavily to rebuild Germany, as the Chase bank had propped up the Russian
Now the Chase merged with the Warburg's Manhattan Bank
to form the Chase Manhattan which would later merge with the Chemical Bank
to become the largest bank on Wall Street.
In 1944 the US approved
its full participation in the IMF and the World Bank. By 1945 the second
League of Nations was approved under the new name 'The United Nations'.
The war had dissolved all opposition. The methods used in the National
Banking Act of 1864 and the Federal Reserve Act of 1913 were now simply
used on a Global scale.
The Federal Reserve Act allowing the
creation of Federal Reserve notes is mirrored by the IMF's authority to
produce money called Special Drawing Rights (SDR's). It is estimated the
IMF has produced $30 billion dollars worth of SDR's so far. In the United
States SDR's are already accepted as legal money, and all other member
nations are being pressured to follow suit. With SDR's being partially
backed by gold, a world gold standard is sneaking its way in through the
back door, which comes with no objection from the money changers who now
hold two-thirds of the worlds gold and can use this to structure the
worlds economy to their further advantage.
We have gone from the
goldsmith's fraud being reproduced on a national scale through the Bank of
England and the Federal Reserve, to a Global level with the IMF and the
World Bank. Unless we together stop giving these exchange units their
power by our collective faith in them, the future will probably see the
Intergalactic Bank and the Federation of Planets Reserve set up in much
the same way.
This radical transfer of power has taken place with
absolutely no mandate from the people.
Nations borrow Special
Drawing Right from the International Monetary Fund in order to pay
interest on their mounting debts. With these SDR's produced at no cost,
the IMF charges more interest. This contrary to bold claims does not
alleviate poverty or further any development. It just creates a steady
flow of wealth from borrowing nations to the money changers who now
control the IMF and the World Bank.
The permanent debt of Third
World Countries is constantly being increased to provide temporary relief
from the poverty being caused by previous borrowing.
repayments already exceed the amount of new loans. By 1992 Africa's debt
had reached $290 billion dollars, which is two and a half times greater
than it was in 1980. A noble attempt to repay it has caused increased
infant mortality and unemployment, plus deteriorating schools, and general
health and welfare problems.
As world resources continue to be
sucked into this insatiable black hole of greed, if allowed to continue
the entire world will face a simular fate.
As one prominent
Brazilian politician, Luis Ignacio Silva, put it.
being radical or overly bold, I will tell you that the Third World War has
already started - a silent war, not for that reason any the less sinister.
This war is tearing down Brazil, Latin America and practically all the
Third World. Instead of soldiers dying there are children, instead of
millions of wounded there are millions of unemployed; instead of
destruction of bridges there is the tearing down of factories, schools,
hospitals, and entire economies . . . It is a war by the United States
against the Latin American continent and the Third World. It is a war over
the foreign debt, one which has as its main weapon interest, a weapon more
deadly than the atom bomb, more shattering than a laser beam . ."1
If a group or organisation had used
its hard earned money to help these developing nations, then we might
sympathise that there should be a real effort to repay these loans. But
the money used was created from fractional reserve banking. The money
loaned to the Third World came from the 90% the banks allow themselves to
loan on the 10% they actually held. It didn't exist, it was created from
nothing, and now people are suffering and dying in an effort to pay it
This has gone beyond clever financing, it's whole sale
murder and it's time we stopped it. We can!
If you haven't already,
read XAT3 to see how.
1. Luis Ignacio Silva, at
the Havana Debt Conference in August 1985, quoted by Susan George, A Fate
Worse Than Death p 238
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