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A Brief History of
Banking
"Let me issue and control a
nation's money and I care not who writes the laws" - Amshall Rothschild
In the
recent era, the story of "the elite" commences with the development of the
modern banking system in Middle Ages Europe. At that time, disposable wealth was
usually held in the form of gold or silver bullion. For safety, such assets were
kept in the safe of the local goldsmith, he usually being the only individual
who had a vault on his premises. The goldsmith would issue a receipt for the
deposit and, to undertake financial transactions, the buyer would withdraw his
gold and give it to the seller, who would then deposit it again, frequently with
the same goldsmith. As this was a time-consuming process, it became common
practice for people to simply exchange smiths' receipts when conducting
financial transactions.
As time
passed, the goldsmiths began to issue receipts for specific values of gold,
making buying and selling easier still. The smiths' receipts thus became the
first banknotes. The goldsmiths, now fledgling bankers, noticed that at any one
time only a small proportion of the gold held with them was being withdrawn. So
they hit upon the idea of issuing more of the receipt notes themselves, notes
that did not refer to any actual deposited wealth. By giving these receipts to
people seeking capital, in the form of loans, the goldsmiths could use the money
deposited with them by others to make money for themselves. It was found that,
for every unit of gold held by the goldsmith, ten times the sum could be safely
issued as notes without anyone usually becoming any the wiser. If a goldsmith
held, say, 100 pounds of other people's gold in his vaults, he could issue
banknotes to the value of 1000 pounds. As long as no more than 10 percent of the
holders of those notes wanted their gold at any one time, no one would realize
the fraud being perpetrated. This practice, known as "fractional reserve
lending," continues to this day and is actually the backbone of the modern
banking industry. Banks typically loan ten times their actual financial
holdings, meaning 90% of the money they lend does not now, never has, and never
will exist.
Loans
issued by the goldsmiths had to be paid back to them with interest, meaning
non-existent money slowly became converted to tangible assets in the form of
goods and labour. Should the loan be defaulted upon, the banker had the right to
seize the defaulter's property. As time passed, therefore, the goldsmiths became
wealthier and wealthier. They had devised a scheme to create money out of thin
air and then convert this money into real goods, labour, or property. A loan of
money at 12% interest recouped not merely 12% for the banker, but 112%, as it
does to this day.
As the
industrial era began, so the potential for furthering this scheme increased
exponentially. The goldsmiths were now fully-fledged bankers, and their ability
to create money out of thin air and then convert it into tangible assets enabled
them to begin to control whole industries to the point where the worlds of
banking and industry became, to all intents and purposes, seamless entities.
Extended family banking structures, such as the Rothschilds, acquired so much
power in this manner that the various monarchies and fledgling governments of
the time soon began to seem quite feeble by comparison.
To increase
their power and influence still further, these elite banking families would
subtly buy influence within governments or monarchies and utilise this influence
to strategically stir up unrest between nations. When the inevitable disputes
broke out, they would then lend vast sums of money, usually to both sides, so
that war could be waged. Any armaments purchased would be those manufactured by
the industrial wing of the banking-industrial cartel, and by regulating the loan
of money and the timing of the delivery of weapons, the outcome of any conflict
could effectively be controlled. If deemed necessary, monarchies and governments
could further be destabilized by generating poverty through regulating the money
supply, and by using agent-provocateur tactics to fuel any latent desire for
revolution. With such power it was easy to control the fledgling governments of
Europe and ensure that only those politicians who would do the will of the
banking families came to power.
As the
twentieth century dawned, the banking families hit upon a new means to
consolidate and increase their gains. They discovered that by periodically
restricting the money supply crashes within the emergent stock exchanges of the
world could easily be engineered. The most notable example of this was the
famous Wall Street Crash of 1929. What the history books usually fail to record
is that, in a crash, wealth is not actually destroyed, but merely transferred.
The "Crash of '29" allowed the most powerful of the banking and industrial
families to absorb the weaker elements, generating even greater levels of
centralized control.
As the
technological revolution progressed, so the buying up of TV stations and
newspapers allowed the creation and control of the mass media. This served to
ensure that only a portrayal of events that suited the interests of the elite
banking families would get to public attention - invariably one that all but
denied their very existence.
A Closer Look at Government
The vision
we're usually given of how political power is manifest in our society typically
runs something like this: government at the top, banking, industry, media and
military, beneath, and the people beneath this. However, an independent
examination of the development of modern political power is more likely to
reveal the following arrangement: extended family banking groups at the top,
government beneath, facilitating the wishes of this hierarchy, and the media
beneath portraying the work of the government to the people as "democracy in
action."
It can thus
be seen that, in truth, most governments are little more than front
organizations for the elite banking cartels. They interface with the public via
the media, acting to facilitate social change in a manner that maintains
relative social stability, while ensuring that our culture stays in line with
any course the elite wish it to pursue. Western governments do not usually allow
the public to actually pick who becomes their political representative, merely
to choose between individuals selected by the party hierarchy. Neither do the
public get to pick the policies the representative will pursue, this is also
under the control of the party. To say that this system is open to abuse is a
considerable understatement.
America
The
creation of the United States of America represents the pinnacle of the elite's
ambitions for world domination. America is, in essence, a prototype for world
consumer culture. By encouraging a broad base of racial groups to settle and
develop under their constant control, the banking families have been able to
slowly direct the natural evolution of a form of social order that humans from
any background can adapt to, without a significant number of them becoming
sufficiently dissociated to actually take up arms and overthrow the system. This
is aided by a highly repressive justice system and backed by the largest prison
population on the planet. Now that the technological revolution has facilitated
the expression of American cultural values across the world, America is, in
effect, expanding until the 50 states actually encompass the whole globe in all
but name. Our planet is slowly becoming America.
America is
the ultimate control fantasy - consensual incarceration - whole groups of people
slowly driven to believe that there exists no way of securely living together
other than by the giving up of personal freedom bit by bit.
World War II
The Second
World War, a conflict which cost the lives of tens of millions of people, was
entirely manipulated into being by the elite banking and industrial cartels.
Hitler rose
to power in a country so economically crippled by the reparations imposed after
the previous war that going into another should have been inconceivable. But the
banking elite agreed to the loan of billions of dollars, and furthermore set up
a vast industrial complex within Germany, (much of it the Standard Oil
subsidiary, I.G. Farben), to manufacture the tanks, planes, arms and munitions
necessary to wage another European war. Oil pipelines and factories were built,
lines of credit extended and the war machine spent nearly a whole decade
churning out weaponry while the rest of the country remained in abject poverty
thus fuelling the desire for war. The whole thing was a set up from start to
finish, as even a cursory independent examination will confirm. The millions of
deaths that resulted were looked upon by the banking families as being simply a
sacrifice necessary to achieve greater levels of European homogeny and control.
The Third World
"Conquered states.... can be held by the conqueror in three different ways. The
first is to ruin them, the second for the conqueror to go and reside there in
person and the third is to allow them to continue to live under their own laws,
subject to a regular tribute, and to create in them a government of the few who
will keep the country friendly to the conqueror." - Niccolo Machiavelli, The
Prince
I will now
look at the banking families' ambitions in the Southern Hemisphere, or so-called
"Third World." All across Africa, Southeast Asia and Latin America, the elite
banking families have again pursued unrelentingly the ambition of destabilizing
a multitude of traditional cultures and creating in their place a series of
homogenized trading blocks. In recent years this task has been undertaken
chiefly by the World Bank and the International Monetary Fund (IMF). But the
story commences many years before.
Colonization by the European empire builders from the sixteenth century onwards
and the later granting of "independence" to conquered territories led slowly to
the forging of individual nation states with monarchies and governments. To
ensure that these institutions remained subservient to the elite, agent
provocateurs and dubious Western government agencies worked behind the scenes to
displace any leaders who showed democratic tendencies and replace them with
elite puppets from local communities and their extended families.
To maintain these hated and corrupt regimes in power, the Western banking
institutions lent vast sums of money to these "governments" and monarchies to
enable them to form armies, frequently with foreign troops, and thus prevent the
people of the country from wresting power. Loans were further granted for the
purchase of weapons, to wage various regional conflicts stirred up by elite
agent provocateurs, and to build palatial homes in which the puppet monarchs and
their officials might reside.
In the
early 1970s, the elite-manipulated Yom Kippur war resulted in a massive rise in
oil prices. The whole world found itself paying vastly increased rates for
petroleum, and the massive profits made by the oil-producing nations were
invested back with the elite-controlled Western banks. Relying on the
ever-popular tactic of loaning at least ten times their reserves, the banks now
had insane sums of money to lend. With the "Third World" countries compelled to
pay vastly increased sums for their oil, as well as service the debts already
incurred by their puppet leaders, further massive loans were advanced to them in
a banking strategy that came to be known as "petrodollar recycling." The Western
banks would send youthful reps across the world offering gigantic loans to
anyone in power who wanted them.
These loans
were, of course, created out of thin air and tied to the recipient buying
weapons, machinery or goods from the industrial or military clients of the
banking cartel offering the money. In the 1980s, the bubbles began to burst,
with the Mexican debt crisis becoming the first of many "days of reckoning." The
World Bank and the IMF, elite-manufactured organizations created in the 1940s to
"stimulate the conditions of world trade," stepped in. They offered
"adjustments" - strategies for repayment that involved the countries concerned
adopting economic "austerity" programmes and commencing industrial production of
Western goods and consumer products.
To commence
industrial production, the countries had to take out further loans and buy plant
from - the industrial clients of the banking cartels. To generate sufficient
power for the new industries, they had to hire companies to build hydroelectric
power plants or nuclear reactors - companies that were again the heavy industry
clients of the banking cartels.
The IMF
debt-rescheduling practices enforced on the countries experiencing major
problems paying back their loans (problems entirely generated by the elite via
their control of world interest rates and oil prices) compelled the "Third
World" nations, one after another, to commence manufacturing goods, not for
themselves but for sale on the world markets. Here, in the emergent global
marketplace, they had to compete with each other in a highly competitive market
over which they had no control. The only factor in the IMF equation that the
Southern Hemisphere countries could control was the cost of labour. The result
was cheaper goods for Western consumers and greater poverty for workers in the
"Third World."
All across
the Southern Hemisphere, small farmers were driven away from planting crops for
themselves and compelled to plant crops for export, hoping they'd get paid
enough to survive. In the 1980s, runaway inflation stimulated by Reaganomics in
America (the arrangement of vast loans for US government spending on military
and space projects that sent world interest rates skyrocketing) began to force
many local people out of the countryside altogether. They were driven into the
newly created cities where they vied with each other for work in the newly built
factories.
This led to
the destruction of traditional ways of life for millions upon millions. Emergent
drug cartels, invariably under the direction of government agencies such as the
CIA, began to flood the cities and industrial areas with cheap drugs, hooking
those with jobs deeper into a life of wage slavery, and those without into
lifelong street-level delinquency.
In
addition, grain crops, previously used for bread, were diverted into producing
of alcohol for the relocated populations. Problems unheard of a generation
before - alcoholism, drug addiction, crime, unemployment, poverty and
malnutrition - became epidemic in proportion all across Africa, Latin America
and Southeast Asia. In Brazil, one of the biggest food exporters in the world,
approaching half a million children die annually from malnutrition or
hunger-related diseases.
In the
early 1990s, the spectre of capitalist greed proved increasingly disturbing for
the people buying the goods created in this manner.
So the
elite came up with "green-washing" - the media-driven means by which images of
change within the Southern Hemisphere are bombarded upon the Western viewer,
convincing them that "the system" is adapting to moral pressure from Western
citizens. News broadcasts accepted that previous practices had been exploitative
but that, post Live Aid and similar, things were changing and any residual
problems were entirely the fault of the poorer nations themselves or the
weather.
The
previous "evil capitalists," the Reagans and Thatchers, were removed from power
and replaced by consumer-friendly mouthpieces of the elite - the Clintons and
the Blairs. On UK TV at the time of writing (originally Spring 2000), one BBC
programme features former Spice Girl, Geri Halliwell, entering the world's
shanty towns and meeting crowds of poor but happy-looking children jumping up
and down, thus generally promoting the image of gradual change and improvement.
What the programme
neglected to reveal is that, in many of the "Third World's" shantytowns,
children now have less than a 50% chance of making it to their first birthday.
Infant mortality rates are rising steadily throughout the Southern Hemisphere,
despite the efforts of the United Nations (UN) and World Health Organization
(WHO) to massage the figures. For those lucky enough to reach the grand old age
of five, the only prospect to look forward to is a life of begging, street crime
or child prostitution.
The
population of the world is currently estimated at six billion. Three billion of
these are existing in poverty, one third of them at near-starvation level. For
the majority of the world's citizens, life is now demonstrably worse than at any
time in recorded history.
The Future - Chips with
Everything?
In the
passages above, I've looked at a few aspects of our recent history with the
intention of demonstrating that there may be a pattern of organization in the
background that could give many people grounds for concern. At this point, I
would now like to address the question: "If there really was a coherent body
organizing all of this, what would their motivation be, and where might all this
be leading?"
The primary
motivation behind all elite activities is the desire to acquire control. It is
the base desire to control everything, to take a vast and dynamic planet full of
people and drive them into a single cultural structure under their central
control. It is the fulfillment of this desire that truly motivates the elite. In
their attempt to bring about this highly negative state of affairs, the elite
need to be active on two fronts simultaneously - the world outside and the world
inside, the planet and the mind.
In the
"world outside," the objective the banking families are working towards is
globalization - the creation of three vast interlocked markets centred on
America, Europe and Asia, followed by their full integration into a single
trading block. A global marketplace peopled with consumer-workers and serviced
at the lower end via "Third World" debt.
In the
"world inside," the plan is to get all humanity microchipped. For, despite a
multiplicity of control tactics currently being imposed upon us - mortgages,
credit cards, street surveillance systems and antidepressants among them -
people still have a basic level of personal freedom. Although it's getting
harder to do so, we can still walk out of consumerism and embark on a new life.
But if we are 'chipped this won't happen.
This is because scientists' knowledge
of neuroscience is now such that, by having a tiny microchip implanted inside
our body, we can be regulated at an emotional level. By gaining control over our
body's receptor-ligand network, our emotional state can be manipulated by
electrical signals, either as a part of a 'chip's program or via remote
signalling, thus offering the possibility of the creation of a perfect consumer
workforce - a people whose only thoughts are those of working, eating,
procreating and sleeping.
However,
despite the progress our planet has made along the road of becoming a world
consumerist superstate, most people are still highly resistant to the idea of
having a 'chip put under their skin. There is therefore a progressive strategy
that will be gradually implemented to lead us, step by step, into permitting
this nightmare future to come about.
It will
unfold in three concurrent stages. Firstly, cash will be gradually eliminated.
Secondly, all personal and financial data will be placed on individual
"smartcards." And, thirdly smartcards will be themselves gradually eliminated to
be replaced by microchip implants. By first removing cash, then introducing
problems into electronic money systems while simultaneously promoting microchip
implants as a safe and acceptable alternative, the elite will lead us slowly
into accepting personal implant technology. I will look more closely at how
these three stages will likely unfold.
For the
past twenty years we have been slowly led towards giving up cash in favour of
electronic money, and in the last ten, the heat has been turned up. The
increased promotion of credit cards, phone banking, mail order and Internet
shopping have all helped to bring about a society where the need for cash
transactions is greatly reduced. Yet many people still like carrying cash,
meaning more will have to be done if it is to be eliminated completely.
One
strategy that will be employed will be the gradual implementation of "smart
citizenship" schemes across ever-widening sectors of our society. "Smart
citizenship" is one of a variety of euphemisms now emerging for "cashless
society" and, once one city has been signed up, the benefits can be extensively
promoted by the media to encourage others to follow suit. In April 2000 it was
announced that the UK city of Southampton and the Swedish city of Gothenberg
will host smart citizenship schemes commencing 2002, to be technically
facilitated by the French consortium, Schlumberger.
Another
strategy that might be utilised is the introduction of new, multinational
currencies not available as cash. The euro, the currency for the European Union,
may well be such a thing.
Another
possibility is that cash will be removed on the pretext of eliminating the
illicit drug trade. Many cities now have around 1% of their population using
heroin daily. This, along with crack cocaine addiction, is proving a near
intolerable social burden for many people who live in the areas affected.
If cash
were eliminated, anonymous illicit transactions for small sums would not be
possible. With electronic money, the identities of the buyer and seller of any
article are recorded on computer and, should a transaction be for an illicit
substance, it could be traced. Although illicit drugs come into our countries in
vast shipments, each load is ultimately sold in small amounts at or near street
level. Remove cash and the illicit drug trade would be finished.
If the
"drug war" is going to be used to assist in the outlawing of cash, one of the
first signs will likely be moves to legalize soft drugs like marijuana. The
smoking of cannabis is the primary cash-based illicit activity that people
indulge in, and the prospect of having this pleasure withdrawn from them would
inevitably create considerable opposition to any plan to outlaw cash. In
addition, marijuana legalization would create the appearance of policy-softening
on behalf of government, when the opposite is in fact taking place.
Whatever
tactics are eventually employed, while cash is being eliminated and the creation
of a global society pursued, an assortment of "softening-up" strategies are
likely to be deployed by the media. There will be a steady trickle of stories in
the papers and on TV relating the benefits of microchipping. Scientists will
make statements extolling the wonders of implant technology for treating and
monitoring illnesses and futuristic articles will relate how, in a few years
time, we won't have to carry wallets around. Such stories will invariably make
it seem that microchipping and globalization are not only desirable but also
inevitable - that they have already "been decided."
Once cash
has finally been eliminated from a region, what will next happen is that
problems will begin to mysteriously occur within the electronic money system.
People will occasionally find their money disappearing into thin air. Computer
errors, viruses and fraud, previously virtually unheard of, will increasingly
begin to manifest. Having your personal records placed on a microchip implant
will become renowned as the only safe way to keep personal data safe from
interference, likely because encryption technology available on the personal
'chip won't be available on the smartcard.
Whole
groups of people within society will likely have already been 'chipped by this
time. Criminals, the mentally ill, and military personnel are three likely
targets. The media will constantly portray 'chipping as the socially positive
thing to do. Small children will go missing in high profile cases on the daily
news, then be found, "because they were 'chipped." Young people's TV will be
especially targeted. Getting 'chipped will be seen as a cool thing to do, with a
vast array of different 'chip features available to order. Getting 'chipped will
be seen as synonymous with "getting ahead" and attracting members of the
opposite sex. The media will spare no effort ensuring that the negative aspects
of getting 'chipped, such as feeling like a robot, are driven from people's
minds.
To still
further intensify the drive to get the public 'chipped, large corporations will
begin to make it a requirement for employment, likely under the guise of it
being their contribution to creating a positive society. By this time the
multinational corporations of today, big as they already are, will have been
transformed into transnational giants, astride the world like statues of
Colossus, controlling vast sectors of the earth's resources and meeting them out
according to their masters' schedule, and with a vast and continuous PR job
making it all appear completely consensual. Virtually everything purchased will
be from a multinational corporation, and nearly all employment opportunities
will involve working for one.
With cash
gone and no way of bringing it back, and the credit card, ID card, and even
smartcard systems increasingly falling into disrepair, life will begin to seem
pretty bleak for those persons not 'chipped. Pretty soon, not being 'chipped
will effectively mean you are not capable of working for a regular wage in any
but the most menial job. There will initially still be a large black market
operating at varying degrees outside the law and trading in a wide variety of
licit and illicit substances. But, as 'chipping proceeds all across Western
society, and becomes seen as being as natural as paying tax, so the State will
increasingly make moves to attack illicit activity. With the moral backing of
the microchipped population, engineered by the media, those persons not 'chipped
will increasingly be marginalized in the same way the homeless are now - forced
to the edges of society and left to fend for themselves in an environment of
poverty, drug addiction, sexual exploitation and crime.
Once
'chipping is finally accepted as being an integral part of life in the
twenty-first century, the next stage will be implemented - the promotion of
'chips that can regulate aspects of our body's function.
Self-regulation of our body and mind will be seen as a new and convenient means
of treating any number of complaints ranging from depression to minor flesh
wounds. No need to take tablets or call up the doctor, just program your 'chip
to do it for you. Scientists are now sufficiently knowledgeable of our body's
electrical system and ligand-receptor networks that they can superficially alter
many of our natural emotional functions. By changing the way our body
metabolizes serotonin, for example, the symptoms of depression can be relieved.
With 'chips
available capable of altering a whole range of neurochemical functions, we will
increasingly have the ability to emotionally regulate ourselves. Given that it
is now well recognized that negative emotions are mere symptoms of deeper needs
not being met, all sorts of health problems could easily go undiagnosed. But,
apart from health concerns, giving people the means to easily emotionally
self-regulate could lead to the "Prozac generation" becoming global. People will
become obsessed with feeling good about themselves all the time, ignoring
anything which threatens to interfere with that feeling. Wars, starvation,
political upheavals and global tyranny will all become just "other people's
problems." With implant technology accepted as being part of life in the
twenty-first century, who is going to notice if one day the 'chips seem to start
regulating themselves. Who is going to notice if they no longer require us to
actually program them, but seem to do it without our help, no longer allowing us
access to our true feelings even if we wanted them?
This
nightmare scenario seems like something out of science fiction but, in fact,
much of the technology has already been developed. The implantable microchip
with global tracking system and biomonitoring system, Digital Angel, is
scheduled to go into production in late 2000, (see later). It is powered by
human muscle movement and will be offered to people concerned that they or their
loved ones may go missing and to doctors wanting to monitor their patients.
Patents for implantable 'chips that release pharmaceuticals into the bloodstream
have already been issued and companies, such as ChipRx, have been set up to
develop them for the market. The technology is here, the only question is: how
much persuading will be necessary to make us accept it? One thing is certain -
everything will be done bit by bit. Step by step, we will be led into a place
where no one, if they thought about it, would ever willingly go - and without
means of escape.
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How Banks Work
The funny thing about how a bank works is that it functions
because of our trust. We give a bank our money to keep it safe for us, and then
the bank turns around and gives it to someone else in order to make money for
itself. Banks can legally extend considerably more credit than they have cash.
Still, most of us have total trust in the bank's ability to protect our money
and give it to us when we ask for it.
Why do we feel better about having our money in a bank than
we do having it under a mattress? Is it just the fact that they pay interest on
some of our accounts? Is it because we know that if we have the cash in our
pockets we'll spend it? Or, is it simply the convenience of being able to write
checks and use debit cards rather than carrying cash? Any and all of these may
be the answer, particularly with the conveniences of electronic banking today.
Now, we don't even have to manually write that check -- we can just swipe a
debit card or click the "pay" button on the bank's Web site.
Let us look into the world of banking and see how these
institutions work, what you would have to do to start your own bank, and why we
should (or shouldn't) trust them with our hard earned cash.
What is a bank?
According to Britannica, a bank is: an institution that deals
in money and its substitutes and provides other financial services. Banks accept
deposits and make loans and derive a profit from the difference in the interest
rates paid and charged, respectively.
Banks are critical to our economy. The primary function of
banks is to put their account holders' money to use by lending it out to others
who can then use it to buy homes, businesses, send kids to college...
When you deposit your money in the bank, your money goes into
a big pool of money along with everyone else's, and your account is credited
with the amount of your deposit. When you write checks or make withdrawals, that
amount is deducted from your account balance. Interest you earn on your balance
is also added to your account.
 Banks
create money in the economy by making loans. The amount of money that
banks can lend is directly affected by the reserve requirement set by the
Federal Reserve. The reserve requirement is currently 3 percent to 10 percent of
a bank's total deposits. This amount can be held either in cash on hand or in
the bank's reserve account with the Fed. To see how this affects the economy,
think about it like this. When a bank gets a deposit of $100, assuming a reserve
requirement of 10 percent, the bank can then lend out $90. That $90 goes back
into the economy, purchasing goods or services, and usually ends up deposited in
another bank. That bank can then lend out $81 of that $90 deposit, and that $81
goes into the economy to purchase goods or services and ultimately is deposited
into another bank that proceeds to lend out a percentage of it.
In this way, money grows and flows throughout the community
in a much greater amount than physically exists. That $100 makes a much larger
ripple in the economy than you may realize!
Why does it work?
Banking is all about trust. We trust that the bank
will have our money for us when we go to get it. We trust that it will honor the
checks we write to pay our bills. The thing that's hard to grasp is the fact
that while people are putting money into the bank every day, the bank is
lending that same money and more to other people every day. Banks
consistently extend more credit than they have cash. That's a little scary; but
if you go to the bank and demand your money, you'll get it. However, if everyone
goes to the bank at the same time and demands their money (a run on the bank),
there might be problem.
Even though the Federal Reserve Act requires that banks keep
a certain percentage of their money in reserve, if everyone came to
withdraw their money at the same time, there wouldn't be enough. In the event of
a bank failure, your money is protected as long as the bank is insured by the
Federal Deposit Insurance Corporation (FDIC). The key to the success of
banking, however, still lies in the confidence that consumers have in the bank's
ability to grow and protect their money. Because banks rely so heavily on
consumer trust, and trust depends on the perception of integrity, the banking
industry is highly regulated by the government.
Types of Banks
There are several types of banking institutions, and
initially they were quite distinct. Commercial banks were
originally set up to provide services for businesses. Now, most commercial
banks offer accounts to everyone.
Savings banks, savings and loans, cooperative banks and
credit unions are actually classified as thrift institutions. Each
originally concentrated on meeting specific needs of people who were not
covered by commercial banks. Savings banks were originally founded
in order to provide a place for lower-income workers to save their money.
Savings and loan associations and cooperative banks were
established during the 1800s to make it possible for factory workers and
other lower-income workers to buy homes. Credit unions were usually
started by people who shared a common bond, like working at the same
company (usually a factory) or living in the same community. The credit
union's main function was to provide emergency loans for people who
couldn't get loans from traditional lenders. These loans might be for
things like medical costs or home repairs.
Now, even though there is still a differentiation
between banks and thrifts, they offer many of the same services.
Commercial banks can offer car loans, thrift institutions can make
commercial loans, and credit unions offer mortgages!
How do banks make money?
 Banks
are just like other businesses. Their product just happens to be money. Other
businesses sell widgets or services; banks sell money -- in the form of loans,
certificates of deposit (CDs) and other financial products. They make money on
the interest they charge on loans because that interest is higher than the
interest they pay on depositors' accounts.
The interest rate a bank charges its borrowers depends
on both the number of people who want to borrow and the amount of money the bank
has available to lend. As we mentioned in the previous section, the amount
available to lend also depends upon the reserve requirement the Federal Reserve
Board has set. At the same time, it may also be affected by the funds rate,
which is the interest rate that banks charge each other for short-term loans to
meet their reserve requirements. Check out How the Fed Works for more on how the
Fed influences the economy.
Loaning money is also inherently risky. A bank never really
knows if it'll get that money back. Therefore, the riskier the loan the higher
the interest rate the bank charges. While paying interest may not seem to be a
great financial move in some respects, it really is a small price to pay for
using someone else's money. Imagine having to save all of the money you needed
in order to buy a house. We wouldn't be able to buy houses until we retired!
Banks also charge fees for services like checking, ATM
access and overdraft protection. Loans have their own set of fees that go along
with them. Another source of income for banks is investments and
securities.
How do you start your own bank?
What if you wanted to start your own bank? Do you just rent
some space, put out a sign and started taking deposits? Not exactly. Let's look
at the steps you have to go through in order to start your own bank. The rules
and requirements vary from state to state, so in this article we'll use the
requirements from the state of Florida.
The organizing group
Just as with any business, you'll first have to make some
pre-planning decisions -- like who your partners (called the organizing group)
will be. You'll also have to write a business plan. All of these things will be
taken into consideration when you apply for a state or federal charter.
A charter is an agreement that governs the manner in
which the bank is regulated and operates. It authorizes the organization of the
bank by either the state or federal agency. The agency that charters the bank is
primarily responsible for protecting the public from unsafe banking practices.
It conducts on-site examinations to make sure the bank's financial condition is
good and that the bank is complying with banking laws. State charters and
federal charters typically do not differ too much in the way the bank conducts
business. They do, however, differ in other areas. For example, in Florida, a
state bank is not required to be a member of the Federal Reserve System, while
federally chartered banks are. Also, state-chartered banks are regulated by
state agencies, while federally chartered banks are regulated by federal
agencies.
The organizing group has to identify directors, a chief
executive officer (who usually has to have past experience running a bank) and
other executives. The integrity, past business histories and credit histories of
these people will greatly affect the acceptance or denial of the bank's charter.
The important thing is to carefully select these partners and make sure they are
team players, have the experience and know-how to help you make the bank work,
and can withstand (both professionally and personally) the close scrutiny of the
regulatory investigation.
The number of directors you must have varies from state to
state. In Florida, you must have at least five, and there is no maximum number.
These partners have to put up money as an initial offering that shows their
level of commitment and helps get the bank going. The required amount in Florida
is 25 percent. In other states it may be as low as 10 percent to 15 percent of
the total capital needed to start the bank. This group then becomes
shareholders in the bank. In most cases, there is a limit of 24.9 percent to
how much stock an individual or company may have, unless the company is a
holding company.
The bank's market and location
The location of your bank is also a very important decision.
You have to do some market research to determine how well a new bank will do in
a particular area, or where the best spot in a large geographic region might be.
This information is also required for your application for a charter. You may be
competing against others who are also trying to charter a bank in that area!
Even though competition is healthy for business and consumers, there is still
the need to make sure a stable and safe financial environment is maintained. The
economy will also be taken into consideration in locations where there are lots
of competing banks.
The specific physical location of your bank is chosen by the
organizing group and is just as important as finding the right market. You want
the bank's location to be convenient for customers and in a heavily trafficked
area. You also need to decide whether to buy or lease a building.
Raising money to start your bank
 The
capital requirements to start a bank often vary greatly from state to state. In
Florida, the suggested capital requirement is $6 million for a bank in a
metropolitan area and $4 million for a bank in a rural area. In other states,
such as New York, that amount might be $10 million or more for metropolitan
areas. Those capital requirements are usually determined by your strategic plan
and pro forma financial statements for the market you've selected.
As mentioned above, the organizing group may be responsible
for 10 percent to 15 percent of that amount. The remainder is sold to
shareholders. Organizing groups may shoot for 400 to 750 or more shareholders in
order to raise the money needed to start the bank. Usually, the more
shareholders a bank has, the better its chance of succeeding.
The charter application and other details
There are still some details that have to be determined
before you can submit your charter application. For instance, what are you going
to call your bank? You have to come up a with a name that is different
enough from other bank names to avoid confusion. You also need to think about
whether you want the word "bank" in the name, and whether you want the
geographic region in the name. Regardless of the name you choose, you have to
verify that the name is not being used by any other corporations -- which leads
us to the fact that you have to become incorporated.
Before you actually file your application, it is recommended
that you set up a pre-filing meeting with the state's department of
finance and banking. This will help make sure that you have all of the
information you need to file. Usually, the biggest delays come from incomplete
background and/or financial information.
Once you have all of the details ironed out, you fill out the
charter application and submit it (along with a lot of other information) to the
state's board of finance and banking -- or, if you're applying for a federal
charter, you'll send it to the Office of the Comptroller of the Currency. Here
is the list of items you have to include in Florida:
As you can see, there is a lot of information that has
to be gathered and submitted with your charter application. Leaving out any of
this information, or having some of it incomplete, will slow down the review
process considerably. There will also be a filing fee, which in Florida is
$15,000. Most other states require a similar amount.
If your application is deemed complete, then a decision will
be given within 180 days. If your charter is granted, you will usually have up
to one year to open your bank. In all states, you are required to apply for
deposit insurance with the FDIC before you can accept deposits from the public.
How safe is your money in a bank?
The 12 regional Reserve Banks act as the service division of
the Federal Reserve -- they carry out the monetary policy set by the Federal
Reserve Board and regulate and supervise financial institutions. The agency that
charters the bank is also responsible for conducting on-site examinations to
make sure the bank is complying with banking laws. In addition to this
supervision, your money is also protected by insurance.
 That
"FDIC" logo you see as you walk in the door means that you hold insurance on
your deposits. Depositors are typically protected for up to $100,000.
Deposit insurance came about because of rumors of
banking trouble that lead to panics and everyone running to the bank to withdraw
all of their money. It didn't take much to make people uneasy about the security
of their money in the bank. If they heard of the slightest hint of trouble, they
ran to the bank to withdraw. This lead to the failure of many banks and huge
losses of savings for many people. This roller coaster of personal finance
lasted for many years and throughout the Great Depression of the 1930s. Finally,
in 1934, Congress established the Federal Deposit Insurance Corporation
(FDIC), which initially provided deposit insurance coverage of $2,500 per
depositor. This greatly improved the security of banks and reduced the number of
bank failures by almost 4,000 from 1933 to 1934.
Public confidence in the banking system has improved
tremendously since the FDIC was established. The trust that depositors need in
order to make the system work is maintained, and the economy keeps humming.
Banks also carry private banking insurance --
specially designed private coverage to protect deposits in the case of
burglaries, robberies, vandalism, etc.
Loans, Checks and Savings
Banks offer lots of financial products for their depositors.
They offer checking accounts, loans, certificates of deposits and money market
accounts, not to mention traditional savings accounts. Some also allow you to
set up individual retirement accounts (IRAs) and other retirement or education
savings accounts. There are, of course, other types of accounts being offered at
banks across the country, but these are the most common ones. What are the
differences in these most common types of accounts?
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controlling the world's monetary system the bank for international settlements
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/controlling%20the%20world%27s%20monetary%20system%20the%20bank%20for%20interna.htm
August 26, 2003
NewsWithViews.comWhile most people understand what took place when the American Revolution was fought, many are not aware of the permanent financial revolution that is being fought over the world's monetary system since 1694 when the Bank of England was created. At that time, a group of private individuals decided that they could make a great deal of money if they changed the laws of the land to shift control of the country's finances from the government to them. The Bank of England, which is England's "central bank," is a private corporation which earns a continuous stream of income when the British government borrows from them to run the country. England was the ingenious country that recognized they could run the world's finances if they established private corporations in all the countries of the world. The combined debt of all the world's country's would create an income stream of unbelievable amounts.In 1913, Congress passed the Federal Reserve Act creating our central bank. Most Americans don't know that this organization is a private corporation established to control America's monetary system through the banking industry.In the last several years, our central bank has helped to push through two major pieces of legislation expanding its power over not only the banking system, but the stock market, insurance and real estate industries as well. Let me explain. When the stock market crashed in 1929, to safe guard our financial system Congress passed the Glass-Steagall Act separating the commercial activities of banks (savings, checking, deposits and loans) from that of investment banks that bring new stocks and bonds to market, offering them to investor through their in-house stockbrokers. Our Federal Reserve worked very hard with the Clinton Administration to pass the Banking Modernization Act in 1999 which erased the Glass-Steagall Act. Furthermore this law expanded the functions of commercial banks to not only syndicate securities but to also sell both personal and commercial insurance as well as real estate, thus creating what is termed, "financial conglomerates."Now let's understand what really took place. When Congress passed the Federal Reserve Act in 1913, this private group of bankers only got control of our monetary system via the banking system. They did not have control over the insurance industry and stock markets. By passing the Banking Modernization Act 86 years later, they now have control over ALL of these areas worth trillions of dollars.That same year, Congress also passed the Gramm-Leach-Bliley Act with very little fanfare. Former Treasury Secretary Robert Rubin, now a co-Chairman at Citigroup which is a financial conglomerate, praised this bill as being necessary and critical. What it really did was amend key banking laws such as the Banking Act of 1933, the Bank Holding Company Act of 1956, the Federal Deposit Institutions Act, the Community Reinvestment Act of 1977 and the International Banking Act of 1978 to substitute the Federal Reserve as being responsible for our financial system instead of Congress! The permanent financial revolution that has been waged in America has been without any bullets being fired and with very little explanation from the main stream press.While the Federal Reserve is a private corporation, it is also one of the owners of the Bank for International Settlements-BIS which America helped establish in 1930. Bill Clinton's mentor at Georgetown University, Dr. Carroll Quigley, said the BIS was to "serve as a 'Central Bankers' Bank'". The BIS is where all of the world's central banks meet to analyze the global economy and determine what course of action they will take next to put more money in their pockets since they control the amount of money in circulation and how much interest they are going to charge governments and banks for borrowing from them. Quigley further explained, "[T]he powers of financial capitalism had another far-reaching aim, 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 private meetings and conferences. The apex of the system was to be the Bank for International Settlements, a private bank owned and controlled by the world's central banks which were themselves private corporations."There is not a whole lot of press about its activities, hence it is not a household name. The boot like structure of the BIS is only apparent from the backside. There is nothing about it that indicates it is the most important bank (and building) in the world. When the BIS holds its two-hour annual meeting, those who control the monetary system of their country-the central bank ministers walk to it from nearby hotels.Once you enter the front doors of the BIS, you are confronted with two sets of glass doors that are circular. The only way to go beyond them is to have permission. Those who enter are escorted at all times. In order to be admitted to the middle of the circular doors, the two back glass panels slide open to let you in. When you are in the middle they close and the two front glass panels then slide open to allow you to enter into the tower where the offices are. Because it is rather unique, a fellow reporter remarked, "Masonic looking isn't it."The great security makes you wonder why all the secrecy. Only once in all the years of holding annual meetings has the BIS given a tour for "outsiders" such as me. Of the various meetings rooms, two stand out: the special room where the Group of Ten* central bank ministers meet which has a round table positioned in the middle of the room with some kind of round halo hanging from the ceiling over it, giving the impression of the "Knights of the Round Table". Then there is the "green" room which is shaped like an almond, reminding you of an "eye" because of its shape and color. I gasped when I first entered the room, for the illusion could not be missed.Over the years, the Bank for International Settlements has amassed more power over the global financial infrastructure then most people are aware of. They have a number of very powerful committees which include: the Basel Committee on Banking Supervision which has been working on how to regulate not only international banks of the world, but eventually those rules will pertain to every national bank as well, the Committee on the Global Financial System which monitors financial markets around the world with the objective of identifying potential risks for financial stability, and the Committee on Payment and Settlement Systems looks to strengthen the infrastructure of financial markets with regard to rules on how to transfer monies and how to make payments between member banks.One very important committee is Financial Stability Forum-FSF which was created as a result of the Asian Crisis. Their mandate is to help set up safeguards for the entire global economic system (notice that this responsibility no longer belongs to the individual nation-states). It should be noted that Federal Reserve Vice Chairman Roger Ferguson is Committee Chairman of both the Committee on Global Financial Systems and the FSF. This Forum is comprised of the G7 Central Bank Governors, G7 Finance Ministers and the G7 Regulatory Agencies (in the US they are the Comptroller of the Currency and Federal Deposit Insurance Corporation). In addition, a number of international organizations take active part: the World Bank, International Monetary Fund, the Organization for Economic Cooperation and Development, the International Association of Insurance Supervisors, the International Organization of Security Commissioners and the newly formed International Accounting Standards Board. Besides the G7 countries, there are a number of emerging market countries such as India and China that participate. Dr. Knight concurred with my assessment that the FSF represents "greater cohesiveness and harmonization among countries."Over the years, I have watched as the BIS has continued to push the envelope further in a borderless world. Some of their growing powers have come directly from governments like ours that have transferred the regulatory power they used to have over the banking system to the central bank while the rest comes from the simple fact that they do indeed control the monetary system of the world.In an exclusive interview with the new BIS Managing Director Dr. Malcolm Knight , he went on record when he said, "We are not a central bank. We are the bank for the central bankers." This is extremely important for this fact has not been written about in books on the BIS. Furthermore, to my knowledge, no one at the BIS has explained that they are the "central banks' bank."Dr. Knight, who received his post-graduate degrees from the London School of Economics explained that "Central banks need to operate in independence." This means no control by government which is pretty clear by the above changes to American law. When Alan Greenspan goes to Congress, they ask him what he thinks and what he will do. It should be noted that he is not elected, he is appointed and his word literally moves markets. Interestingly enough since 1997 the Bank of England and the Bank of Japan have been given more power to determine monetary policy which includes the freedom to set interest rates apart from government opinion and to intervene in foreign exchange markets. These are the same powers as what the Federal Reserve has.When you understand that the BIS pulls the strings of the world's monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency. So when Dr. Knight talks about controlling the "financial centers where a lot of hot money could be placed," he is explaining that as a result of the work of the FSF, they are "implementing rules on financial behavior all over the world" which means they positioning the BIS to be able to control hot money.Lastly, one very important aspect of my interview with Dr. Knight is that of a harmonization of global currencies. In an interview 18 months ago with noted economist Dr. Jacob Frenkel who does not hide his view that all of the currencies of the world need to be harmonized, I asked him when he thought that would occur. He told me then it would occur after the economies were harmonized. When I posed this question to Dr. Knight, he only addressed that fact that many central banks have a consistency of objectives that harmonize their policies. Interestingly enough, the Wall Street Journal reported on a meeting which included Dr. Frenkel, former U.S. Fed Chairman Paul Volcker and Dr. Robert Mundell that took place on June 30, the same day I was interviewing Dr. Knight. Their theme was "Does the Global Economy Need a Global Currency?" The thesis was that if the euro can replace the franc, mark and lira, why can't a new world currency merge the dollar, euro and yen? I submit to you that this is the next agenda of the central bankers. When this change occurs, I can assure you, they will make money on a new global currency. Time will tell if we do.The difference between Dr. Knight's view of the BIS and mine are diametrically opposed. I believe, as Dr. Quigley said, that the central banks have the financial power over both markets and governments versus Dr. Knight who believes they are fixing the markets.*G7: U.S., Canada, Germany, Japan, Italy, France, Great Britain; G10 is G7 plus Switzerland, Sweden, the Netherlands and Belgium.© 2003 Joan Veon - All Rights Reserved
Proof of the Banking Conspiracy A Message from the Past
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/Proof%20of%20the%20Banking%20Conspiracy%20A%20Message%20from%20the%20Past.htm
By Randy Lavello
Our nation, these United States were born from defiance of the thievery of bankers- it is both our heritage and obligation. We’ve grown up with many of the inherent rights American Patriots fought for and won more than two hundred years ago; we Americans have an obligation to stand against the current fruition of three hundred years of a banking conspiracy. If we do not stand against this plot, there will be nothing left for our future generations. This plot is real - can you disbelieve those original American Patriots who guaranteed your freedoms in the Constitution?
Every dollar printed by a bank requires a payment of interest in return. Before the Federal Reserve printed the money, private banks were given charters to print the money - these private banks have always been paid interest. The only two Presidents in the history of this nation who printed U.S. Notes, a debt free currency outlined in the U.S. Constitution (Article 1, Section 8, Clause 5,) are Abraham Lincoln and John F. Kennedy. Kennedy printed U.S. Notes for the purpose of paying off the Federal debt… a feat only accomplished by Andrew Jackson. J.F.K planned to abolish the Federal Income Tax, which merely goes to pay interest to the Federal Reserve, rendering the IRS irrelevant. The IRS is merely a collection agency operating out of Puerto Rico, which was created by the Federal Alcohol Administration, which in turn was absolved shortly after the revocation of Prohibition. Furthermore, the Federal Reserve's top seven majority owners are all families of Europe! In the words of fellow writer Christopher Mark, “The Federal Reserve is about as federal as Federal Express.” It’s a huge extortion scam!
In order to pay for the Civil War, President Abraham Lincoln issued a debt-free U.S. Note nicknamed a ‘greenback.’ This prevented the banking institutions from reaping the huge benefits of wartime borrowing- the major lever of accumulating banker’s wealth for nearly three hundred years. President Lincoln was quoted as stating, “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than beaurocracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.” Lincoln was, of course, assassinated, as John F. Kennedy would be; is it mere coincidence that both of them printed a debt-free form of currency? Lincoln made a startling prediction, “Corporations have been enthroned and an era of corruption in high places will follow, and the money powers of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic destroyed.”
Another adversary of the bankers, President Garfield explained, “Whoever controls the volume of money in any country is absolute master of all industry and commerce.” It seems a man possessing this knowledge would have tried to remove the bank’s power and give it back to our nation. It also seems likely this is why President Garfield was shot dead.
Andrew Jackson, upon entry into the Oval Office, called a delegation of bankers into the White House and told them, “You are a den of vipers and thieves! I intend to rout you out, and by the grace of the Eternal God, will rout you out!” This was not a man to sidestep issues - Andrew Jackson was a rambunctious man who took problems head-on. What’s more: he solved them! This was the only President in U.S. history to ever reduce the Federal debt to zero. He may not have been exaggerating when he said, “The bank is trying to kill me! But I will kill it!” After he dissolved the Second National Bank of America (back then banks were granted twenty year charters to print money) there was an attempt on his life. The would-be assassin pointed his pistol at President Jackson and pulled the trigger- the gun jammed. An enraged sixty-seven-year-old President attacked him with his cane as the gunman pulled a second pistol out and pulled the trigger- again, this gun jammed! It seems ‘the grace of the Eternal God’ was with President Jackson!
The international bankers have been combating Americans since before the Revolutionary War. Benjamin Franklin explains, “The Colonies would gladly have borne the little tax on tea and other matters had it not been for the poverty created by the bad influence of the English Bankers on the Parliament, which has caused the Colonies hatred of England and the Revolutionary War… the inability of the Colonists to get the 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.” Once the Colonial Scrip was outlawed, the bankers didn’t keep enough money in circulation; this caused widespread indigence throughout the Colonies.
Thomas Jefferson knew of the great evils done by these bankers: “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government in defiance. The issuing power should be taken from the banks, and restored to the people, to whom it properly belongs.” Jefferson also made predictions as to the goals of the international bankers; their goal has always been to dominate all governments, and he knew this nation would be under constant attack from their subversive tactics. Thomas Jefferson foresaw, “This is the tendency of all human governments: A departure from the principle becomes a precedent for a second (principle); that second for a third (principle); and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering…” That about sums up our decadent society! “And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” Who else could have a stranglehold on our Federal Government other than these international bankers? If their power were ever taken away from them, there would have been a great war against them… how else could their power have been reduced? Of course we know, the power of the international bankers has grown exponentially over time- and so we’re alive now at the pinnacle of their achievements… and height of our danger. President Jefferson predicted, “If the American People ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around (the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” Well, a private bank has controlled the issue of our currency for nearly a century, and we’re nearing the globalist/international bankers crowning achievement. What can result other than their total control over all property and money? We are truly in dire straights.
Through groups such as the Bilderbergs, the Counsel on Foreign Relations, and David Rockefeller’s Trilateral Commission, the wealthiest men of the earth have joined together to command every aspect of our lives. Through their control of education and mass media, they’ve promoted decadence of all sorts. In my school they taught us the theory of evolution during fifth grade; they were mandated federally to teach eleven year olds that they came from monkeys! The fact is, a system of self-governance is only operable when people follow a code of ethics- erode the conscience of our nation, and it will implode. This is the reason Christianity has given way to false churches which claim to be Christian; this is the reason MTV constantly shows men kissing; it’s also the reason the media shows men to be concerned exclusively with fornication, and the reason women are mostly shown cheating on their mates. All of this contributes to the decay of the family- leaving sole loyalty to a corrupt system of government. Author of Common Sense, Thomas Paine noticed, “A long habit of not thinking a thing wrong, gives it a superficial appearance of being right.” Add to the equation a sixty-hour workweek, and the people are enslaved without the sloppiness of physical shackles. Thomas Jefferson said it well: “Our liberty cannot be guarded but by the freedom of the press, nor that be limited without danger of losing it.” The solution for the bankers to overcome freedom of the press: consolidate until we can count the media corporations on one hand.
FEMA has built internment camps for Americans; incinerators have been constructed in Colorado. When will the madness end? The FBI recently handed out pamphlets to police which classified possible terrorists: homeschoolers, Christians, and those who frequently reference the Constitution… describes me pretty well. President Jefferson said also, “Experience hath shown, that even under the best form (of government) those entrusted with power have, in time, and by slow operations, perverted it into tyranny.” Every time we glance at a dollar bill we should remember what George Washington had to say: “Government is not reason. It is not eloquence. It is a force, like fire: a dangerous servant and terrible master.”
Our government has passed the Patriot Act and Homeland Security Act; these have negated much of our Bill of Rights. We are supposed to accept unconstitutional laws- restrictions on liberty- in the name of ‘security.’ Benjamin Franklin said it best when he said, “They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” These unconstitutional acts are now the law of the land- but the laws mean nothing except to sound an alarm… the problems will arise when these ‘laws’ are executed by local and federal police. The Constitution is, and will continue to be the law of this land- greased politicians can alter it any way they wish, it doesn’t mean we’re going to follow it!
As a Republican Congress and President ready themselves to reinstate the 1993 Assault Weapons Ban- this time without a sunset clause- we should revisit the reasons the writers of the Constitution made the Second Amendment the right to keep and bear arms. Jefferson spoke brilliantly (as usual), “The beauty of the Second Amendment is that it will not be needed until they try to take it.” He didn’t say ‘if’ they try and take the guns; he knew this was inevitable. One thing’s definite, the day an attempt is made to confiscate American’s guns, is the day all hell breaks loose! The reason this Amendment was so important as to be second only to freedom of speech was explained by Jefferson, “The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.” This wasn’t guaranteed in the Bill of Rights for the sake of hunters! This is our ‘last resort,’ and intended for desperate times! Is the world such a civilized place that American citizens no longer need to protect themselves from enemies foreign or domestic? Or is this just another symptom of a government on the verge of blatant tyranny?
The idea that we are so civilized is absurd! As a world, we’ve descended to a level of decadence likely thought impossible in past centuries! It seems ironic to me that as technology increases, society has suffered a meltdown. “Enlighten the people generally, and tyranny and oppressions of body and mind will vanish like evil spirits at the dawn of day,” again, Jefferson. We have made great strides to this end- our numbers continue to grow- the world has reached a state so destitute that people are taking initiative to discover the truth. Citizens have grown tired of the ‘news’ and are turning to alternative media. A full page add ran in the Washington Post for Fromthewilderness.com, which mentioned a dozen other news sites. It’s the old analogy of a hand around one’s neck- as the grip tightens, a reaction is imminent. As Alex Jones says, “We’re on the march, the Empire is on the run!” To those who will not stand up for future generations of Americans, Samuel Adams spoke thus, “If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
The same families of international bankers who plagued the original colonies have grown stronger and more bold- I doubt they’ll stop until they have all the possessions on earth… the very earth itself. The spirit of this nation must rise up again! What would the patriots who wrote our Constitution do? What advise can they send us from the past? Patrick Henry advises us, “Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it Almighty God! I know not what course others may take, but as for me, give me liberty or give me death!” Is there any more noble way to die? I cannot fathom one. He went on to say, “There is no retreat but in submission and slavery! Our chains are forged! Their clanking may be heard on the plains of Boston! The war is inevitable; and let it come! I repeat, sir, let it come!” The FEMA camps are in place, global positioning is in place, and implantable microchips have been nearly perfected.
John Dickinson realized, “We have counted the costs of this contest, and find nothing so dreadful as voluntary slavery. Honor, justice, and humanity forbid us tamely to surrender that freedom which we received from our gallant ancestors, and which our innocent posterity have a right to receive from us.” The Founding Fathers advise us to fight! They advise us to stand up against tyranny- of course, after all peaceful routes have been exercised. Though, if the spirit of these valiant men had always been present in this nation, we wouldn’t be facing this current predicament… they would have never let things get this bad!
I will not be a slave! I will not see the new generation of my family be as slaves! The only way to prevent this slavery is to defeat these international bankers who’ve nurtured themselves as parasites on Americans and the world for hundreds of years. They are but a few dozen men tormenting the earth, and all the technology in the world cannot defeat us if the men who’ve sold their souls would just steal them back by standing up for what’s right. There may not be a better creed than Jefferson’s, “I swear upon the altar of God, eternal hostility to every form of tyranny over the mind of man.” The reality of the situation is also best summed up by him, “The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants.” It’s a shame that sick and corrupted men have brought this upon the people of the world, and we can only hope a solution will arise before all peaceful attempts have been exhausted.
Americans, people of faith and conscience, and U.S. soldiers- we must stand up to these globalists before it’s too late. They believe the earth is their possession! We must prove them wrong! In the immortal words of George Washington, “Let us therefore animate and encourage each other, and show the world that a free man, contending for his liberty on his own ground, is superior to any slavish mercenary on earth.”
The Federal Reserve and the National Debt
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/The%20Federal%20Reserve%20and%20the%20National%20Debt.htm
FACT#1. The Federal
Reserve is a private corporation, owned and controlled mostly by foreign
bankers.
FACT#2. How the Federal Reserve banks work (using a 10% reserve requirement).
1. F.R. "creates" $1,000,000 worth of "debt certificates" with no assets behind the creation, just the "OK" of Congress, and distributes it to banks.
2. The bank "Holds" the 10%
reserve as operating capital ($100,000) and loans the rest out at 10% interest.FACT#2. How the Federal Reserve banks work (using a 10% reserve requirement).
1. F.R. "creates" $1,000,000 worth of "debt certificates" with no assets behind the creation, just the "OK" of Congress, and distributes it to banks.
3. The bank pockets $90,000 in interest, and accepts the $900,000 back as a deposit.
4. The bank retains 10% of the $900,000 deposit as a reserve, and loans out the $810,000 at 10% interest.
5. The process is repeated over and over, with "hard" assets pledged as collateral for these "loans". Thus, it starts with "no money" and ends up with houses, cars, land, silver, gold...real assets...and all it took was some ink, some paper, and the cooperation of Congress.
FACT#3. The BIRTH of money #1...Congress authorizes the F.R. to purchase U.S.Notes from the U.S. Bureau of Engraving for 2.5 cents per bill (no difference between $1 and $1000 bills). The F.R. then issues an equal amount of "debt certificate" Federal Reserve Notes which they use to purchase U.S. Treasury Bonds. Taxpayers are, supposedly, obligated to pay off these bonds at FULL FACE VALUE, plus the debt of the original currency purchased at 2.5 cents per bill!
FACT#4. The BIRTH of money #2...All credit is hypothecated upon the faith and worthiness of the "United States". Congress authorizes various corporations to extend the credit of the United States (as a privilege, not a right) to finance mortgages and other types of credit. You and I could not set up shop to extend credit to others, except we be licensed and approved by the government.
Thus, it is not the mortgage company, with whom you sign a contract, who extends you credit...they are only an "agent"... it is the United States who is the party with standing, and the only entity which can sue or foreclose for breech of the contract. BET YOU DIDN'T KNOW THAT! Then there is the credit contract itself...a fraud perpetrated upon the buyer everytime. It is another means of "creation" of money.
There is no "money" exchanged in the mortgage transaction. It is a book entry made by the "agent" which "monetizes" the value of the real thing, the property involved. No contract is valid except both parties bring something of value, called "consideration", to seal the contract. You are bringing the property, and the promise of future payments...they bring nothing but the ability to create credit...a congressional "okie-dokie"...to the contract. Thus the government fraudulently claims superior ownership rights to the property involved, and the ability to charge the "tenant" rent (called property taxes) for the privilege of using paper credit.
FACT#5. The taxes paid by Americans never provide ANY services to our country...all collected income tax money goes DIRECTLY to the F.R. Board (check the back of ANY check sent to the IRS...it is true).
FACT #6. All U.S currency is "Federal Reserve Notes" of debt, owed to the Federal Reserve, and is borrowed into existence. How can you pay the debt when you have to "borrow" the currency to pay the debt, FROM THE GUYS YOU ALREADY OWE? It is like paying off your VISA card using THE SAME VISA CARD...the interest just keeps growing, and no principal is ever paid! It is a ponzi scheme....a scam...and America is the mark!
Thus, the national debt can never be repaid. It is not meant to be repaid. It is meant to bring Americans to ruin without bloodshed. It is the legal takeover of the country, piece-by-piece, and the voluntary enslaving of the sovereign people, who will ULTIMATELY be asked to accept the demise of the Constitution, and their sovereign status under that Constitution, to become "subjects" of the benevolent ruling class.
THE SOLUTION
This debt is owed by a "corporation" called "THE UNITED STATES"...A true LEGAL ENTITY...just like AT&T or any other company. It was formed, under Article IV powers of the Constitution, to do, in the territories what the U.S. Constitution said the Federal Government could NOT do in the states of the union, and I'm not talking just about income taxes, although that is certainly the case!
This whole scheme is based upon Congress' "sovereign rights" over the territories (Article IV) they established a "corporation", a central bank, and a paper money supply for those areas and peoples of the territories and areas over which the "FEDS" were Sovereign (see Article IV, Section 3 of the national constitution).... this was NOT done for or apply within the jurisdictions of the 50 union states, mind you, since it would have been openly Unconstitutional to do so. Only the "territories", the subject peoples within those territories or the 50 union states, and those 14th Amendment "citizens of the United States, and subject to the jurisdiction thereof"(see the 14th amendment, the tax code, the voter registration cards, etc) who possess only the inferior legal status of "subjects of the United States" (according to the Supreme Court), and do NOT have Bill of Rights protections, guarantees, or unalienable rights from God (only civil rights from government, who created them in law) ...
They are Federal (U.S.) citizens. The "federal" banks were set up to provide services to only federal citizens and other "subjects" of the United States. Free American Citizens began accepting the fake money (not backed by any substance of value), along with the genuine (redeemable at par for a set quantity of gold or silver), until 1964, when redemption of "paper" into real money (silver and/or gold coin) was terminated, and we all began to exchange only the fake stuff!!
This corporate US makes laws which apply ONLY to those areas and peoples over which the Constitution gives the federal government sovereignty (See US Constitution, Art 1, Sec. 8, and Art. IV, Sec. 3, and Downes Vs. Bidwell, 182 U.S. 244). The ignorant sovereign people (the free natural American Citizen of the constitutional united States of America), began to submit to and obey laws which were legally applicable only to "subjects" of the corporate federal US. We were also tricked into legally volunteering to all become "federal persons" by the promise of old age security... that's right...Social Security...the ever tightening noose around the throat of We the People. This explains why Congress can pass laws about guns and other "protected" topics, and not have such laws declared unconstitutional. They are not legislating for the 50 states or the Citizen of one of those 50 states. If you submit to a law, however, you are judged to be under that law. If you become a "federal person" through application for a social security number, or other federal benefit program, you have traded your birthright for a bowl of pottage (see Esau in the Bible). WE THE SHEEPLE have been voluntarily sheered by our own ignorance! Notice that there is still gold and silver coin being minted today (constitutional money)...but its value is calculated in federal reserve notes, falsely called "dollars".
WE MUST NOW reassert our sovereignty! It is time for "We the People" to declare the corporate US to be bankrupt, remove the Federal Reserve from the U.S.of A., and require Congress to turn on the presses and begin minting lawful coins (or Silver and Gold Certificates) which have no debt attached to their creation. Lawful money which is backed by gold, silver, and the productivity of Sovereign Americans. If you have understood how the debt is created, you know that it has been a fraud from the outset. It is no more a legal debt than Federal Reserve Notes are legal money. It is a "Corporate debt" of the federal corporation known as the "UNITED STATES", which is NOT the constitutional entity established in 1791.
The "Jewish-zoinist" Conspiracy is British Imperialism
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/The%20Jewish%20Conspiracy%20is%20British%20Imperialism.htm
By Henry Makow Ph.D.
May 30, 2004
Conspiracy theorists like myself believe modern history reflects a long-term conspiracy by an international financial elite to enslave humanity.
Like blind men examining an elephant, we attribute this conspiracy to Jews, Illuminati, Vatican, Jesuits, Freemasons, Black Nobility, and Bildersbergs etc.
The real villains are at the heart of our economic and cultural life. They are the dynastic families who own the Bank of England, the US Federal Reserve and associated cartels. They also control the World Bank and IMF. Their identity is secret but Rothschild is certainly one of them. The Bank of England was "nationalized" in 1946 but the power to create money remained in the same hands.
England is in fact a financial oligarchy run by the "Crown" which refers to the "City of London" not the Queen. The City of London is run by the Bank of England, a private corporation. The City is a sovereign state located in the heart of greater London. The Vatican of the financial world, the City is not subject to British law.
On the contrary, the Bank of England dictates to the British Parliament. In 1886, Andrew Carnegie wrote that, "six or seven men can plunge the nation into war without consulting Parliament at all." Vincent Vickers, a director of the Bank of England from 1910-1919 blamed the City for the wars of the world. ("Economic Tribulation" (1940) cited in Knuth, The Empire of the City, 1943, p 60)
The British Empire was an extension of bankers' financial interests. Indeed, all the non-white colonies (India, Hong Kong, Gibraltar) were "Crown Colonies." They belonged to the City and were not subject to British law although Englishmen were expected to conquer and pay for them.
The Bank of England assumed control of the U.S. during the T.R. Roosevelt administration (1901-1909) when its agent J.P. Morgan took over 25% of American business.
According to the "American Almanac," the bankers are part of a network called the "Club of the Isles" which is an informal association of predominantly European-based royal households including the Queen. The Club of the Isles commands an estimated $10 trillion in assets. It lords over such corporate giants as Royal Dutch Shell, Imperial Chemical Industries, Lloyds of London, Unilever, Lonrho, Rio Tinto Zinc, and Anglo American DeBeers. It dominates the world supply of petroleum, gold, diamonds, and many other vital raw materials; and deploys these assets at the disposal of its geopolitical agenda.
Its goal: to reduce the human population from its current level of over 5 billion people to below 1 billion people within the next two to three generations; to literally ``cull the human herd'' in the interest of retaining their own global power and the feudal system upon which that power is based.
Historian Jeffrey Steinberg could be referring to the US, Canada and Australia when he writes, "England, Scotland, Wales, and, especially, Northern Ireland, are today little more than slave plantations and social engineering laboratories, serving the needs of ...the City of London...
These families constitute a financier oligarchy; they are the power behind the Windsor throne. They view themselves as the heirs to the Venetian oligarchy, which infiltrated and subverted England from the period 1509-1715, and established a new, more virulent, Anglo-Dutch-Swiss strain of the oligarchic system of imperial Babylon, Persia, Rome, and Byzantium....
The City of London dominates the world's speculative markets. A tightly interlocking group of corporations, involved in raw materials extraction, finance, insurance, transportation, and food production, controls the lion's share of the world market, and exerts virtual ``choke point'' control over world industry."
Steinberg belongs to a group of historians associated with economist Lyndon Larouche. They have traced this scourge to the migration of the Venetian mercantile oligarchy to England more than 300 years ago.
Although the Larouche historians do not say so, it appears that many members of this oligarchy were Jews. Cecil Roth writes: "The trade of Venice was overwhelmingly concentrated in the hands of the Jews, the wealthiest of the mercantile class." (The History of the Jews in Venice, 1930)
The Jewish banking families made it a practice to marry their female offspring to spendthrift European aristocrats. In Jewish law, the mixed offspring of a Jewish mother is Jewish. (The male heirs always marry Jews.) Louis Monbatten, grandson of Queen Victoria and uncle of Prince Philip married the daughter of banker Alfred Cassel.
If they aren't Jewish by intermarriage, many European aristocrats consider themselves descendents of Biblical Hebrews. The Hapsburgs are related by marriage to the Merovingians who claim to be descendents of the Tribe of Benjamin.
In addition, many aristocrats belong to the "British Israel" Movement that believes the Anglo Saxon races are the lost tribes of Israel and Jesus was king of England.
According to Barbara Aho, Rosicrucians and Freemasons, who believe in British Israelism, have a plan to place one of their bloodline on the throne of the rebuilt Temple in Jerusalem. This positioning of a false messiah whom the world will worship as Christ has been carefully planned and executed over many centuries.
According to Barry Chamish, "there would be no modern state of Israel without British Freemasonry. In the 1860s, the British-Israelite movement was initiated from within Freemasonry. Its goal was to establish a Jewish-Masonic state in the Turkish province of Palestine...Initially, British Jewish Masonic families like the Rothschilds and Montefiores provided the capital to build the infrastructure for the anticipated wave of immigration. However, luring the Jews to Israel was proving difficult. They, simply, liked European life too much to abandon it. So Europe was to be turned into a nightmare for the Jews."
CONCLUSION
I wasted much of my life getting a conventional education, so I feel I am beginning my education anew.
It appears that a vampire-like clique directs the world. This secretive cabal is represented by our dominant political, economic and cultural institutions. Western society has been subverted and western culture is bankrupt. Democracy is a form of social control and the mass media/ education are systems for indoctrination.
Essentially the problem boils down to whether we believe man was made in God's image and has an obligation to lift himself to a higher level of truth, beauty and justice. Naturally monopolists have no use for this and want to define reality to suit their own interests. They have taught us that God is dead and man is defined by physical rather than spiritual appetites. Culture today tends to deny standards, ideals and goals of any kind. We are fed an endless diet of trivia and debauchery.
Certain elite Jews are an integral part of this elite neo feudal conspiracy. Throughout history they have had a symbiotic relationship with the aristocracy. But ordinary Jews like the serfs were manipulated and persecuted by their leaders.
True Judaism like Islam and Christianity affirms the supremacy of God as a moral force. A real Jew, like a true Christian or Muslim cannot perform an immoral act. It's time to reaffirm our belief in God.
The united states Of America is a corporation owned by foreign interests
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/The%20united%20states%20Of%20America%20%20is%20a%20corporation%20owned%20by%20fore.htmConspiracy theorists like myself believe modern history reflects a long-term conspiracy by an international financial elite to enslave humanity.
Like blind men examining an elephant, we attribute this conspiracy to Jews, Illuminati, Vatican, Jesuits, Freemasons, Black Nobility, and Bildersbergs etc.
The real villains are at the heart of our economic and cultural life. They are the dynastic families who own the Bank of England, the US Federal Reserve and associated cartels. They also control the World Bank and IMF. Their identity is secret but Rothschild is certainly one of them. The Bank of England was "nationalized" in 1946 but the power to create money remained in the same hands.
England is in fact a financial oligarchy run by the "Crown" which refers to the "City of London" not the Queen. The City of London is run by the Bank of England, a private corporation. The City is a sovereign state located in the heart of greater London. The Vatican of the financial world, the City is not subject to British law.
On the contrary, the Bank of England dictates to the British Parliament. In 1886, Andrew Carnegie wrote that, "six or seven men can plunge the nation into war without consulting Parliament at all." Vincent Vickers, a director of the Bank of England from 1910-1919 blamed the City for the wars of the world. ("Economic Tribulation" (1940) cited in Knuth, The Empire of the City, 1943, p 60)
The British Empire was an extension of bankers' financial interests. Indeed, all the non-white colonies (India, Hong Kong, Gibraltar) were "Crown Colonies." They belonged to the City and were not subject to British law although Englishmen were expected to conquer and pay for them.
The Bank of England assumed control of the U.S. during the T.R. Roosevelt administration (1901-1909) when its agent J.P. Morgan took over 25% of American business.
According to the "American Almanac," the bankers are part of a network called the "Club of the Isles" which is an informal association of predominantly European-based royal households including the Queen. The Club of the Isles commands an estimated $10 trillion in assets. It lords over such corporate giants as Royal Dutch Shell, Imperial Chemical Industries, Lloyds of London, Unilever, Lonrho, Rio Tinto Zinc, and Anglo American DeBeers. It dominates the world supply of petroleum, gold, diamonds, and many other vital raw materials; and deploys these assets at the disposal of its geopolitical agenda.
Its goal: to reduce the human population from its current level of over 5 billion people to below 1 billion people within the next two to three generations; to literally ``cull the human herd'' in the interest of retaining their own global power and the feudal system upon which that power is based.
Historian Jeffrey Steinberg could be referring to the US, Canada and Australia when he writes, "England, Scotland, Wales, and, especially, Northern Ireland, are today little more than slave plantations and social engineering laboratories, serving the needs of ...the City of London...
These families constitute a financier oligarchy; they are the power behind the Windsor throne. They view themselves as the heirs to the Venetian oligarchy, which infiltrated and subverted England from the period 1509-1715, and established a new, more virulent, Anglo-Dutch-Swiss strain of the oligarchic system of imperial Babylon, Persia, Rome, and Byzantium....
The City of London dominates the world's speculative markets. A tightly interlocking group of corporations, involved in raw materials extraction, finance, insurance, transportation, and food production, controls the lion's share of the world market, and exerts virtual ``choke point'' control over world industry."
Steinberg belongs to a group of historians associated with economist Lyndon Larouche. They have traced this scourge to the migration of the Venetian mercantile oligarchy to England more than 300 years ago.
Although the Larouche historians do not say so, it appears that many members of this oligarchy were Jews. Cecil Roth writes: "The trade of Venice was overwhelmingly concentrated in the hands of the Jews, the wealthiest of the mercantile class." (The History of the Jews in Venice, 1930)
The Jewish banking families made it a practice to marry their female offspring to spendthrift European aristocrats. In Jewish law, the mixed offspring of a Jewish mother is Jewish. (The male heirs always marry Jews.) Louis Monbatten, grandson of Queen Victoria and uncle of Prince Philip married the daughter of banker Alfred Cassel.
If they aren't Jewish by intermarriage, many European aristocrats consider themselves descendents of Biblical Hebrews. The Hapsburgs are related by marriage to the Merovingians who claim to be descendents of the Tribe of Benjamin.
In addition, many aristocrats belong to the "British Israel" Movement that believes the Anglo Saxon races are the lost tribes of Israel and Jesus was king of England.
According to Barbara Aho, Rosicrucians and Freemasons, who believe in British Israelism, have a plan to place one of their bloodline on the throne of the rebuilt Temple in Jerusalem. This positioning of a false messiah whom the world will worship as Christ has been carefully planned and executed over many centuries.
According to Barry Chamish, "there would be no modern state of Israel without British Freemasonry. In the 1860s, the British-Israelite movement was initiated from within Freemasonry. Its goal was to establish a Jewish-Masonic state in the Turkish province of Palestine...Initially, British Jewish Masonic families like the Rothschilds and Montefiores provided the capital to build the infrastructure for the anticipated wave of immigration. However, luring the Jews to Israel was proving difficult. They, simply, liked European life too much to abandon it. So Europe was to be turned into a nightmare for the Jews."
CONCLUSION
I wasted much of my life getting a conventional education, so I feel I am beginning my education anew.
It appears that a vampire-like clique directs the world. This secretive cabal is represented by our dominant political, economic and cultural institutions. Western society has been subverted and western culture is bankrupt. Democracy is a form of social control and the mass media/ education are systems for indoctrination.
Essentially the problem boils down to whether we believe man was made in God's image and has an obligation to lift himself to a higher level of truth, beauty and justice. Naturally monopolists have no use for this and want to define reality to suit their own interests. They have taught us that God is dead and man is defined by physical rather than spiritual appetites. Culture today tends to deny standards, ideals and goals of any kind. We are fed an endless diet of trivia and debauchery.
Certain elite Jews are an integral part of this elite neo feudal conspiracy. Throughout history they have had a symbiotic relationship with the aristocracy. But ordinary Jews like the serfs were manipulated and persecuted by their leaders.
True Judaism like Islam and Christianity affirms the supremacy of God as a moral force. A real Jew, like a true Christian or Muslim cannot perform an immoral act. It's time to reaffirm our belief in God.
The united states Of America is a corporation owned by foreign interests
Below are two articles covering the fact that, since the Act of 1871 which established the District of Columbia, we have been living under the UNITED STATES CORPORATION which is owned by certain international bankers and aristocracy of Europe and Britain.
In 1871 the Congress changed the name of the original Constitution by changing ONE WORD -- and that was very significant as you will read.
Some people do not understand that ONE WORD or TWO WORDS difference in any "legal" document DO make the critical difference. But, Congress has known, and does know, this.
I'm told this corporation, established in
1871, will be cancelled by NESARA and NESARA will also restore the ORIGINAL
Constitution which assists in restoring our Constitutional Rights and the Bill
of Rights and our rights as described in the Declaration of Independence.
|
1871, February 21: Congress Passes
an Act to Provide a Government for the District of Columbia, also known as
the Act of 1871*
With no
constitutional authority to do so, Congress creates a separate form of
government for the District of Columbia, a ten mile square parcel of
land (see, Acts of the Forty-first Congress," Section 34, Session III,
chapters 61 and 62).The act -- passed when the country was weakened and financially depleted in the aftermath of the Civil War -- was a strategic move by foreign interests (international bankers) who were intent upon gaining a stranglehold on the coffers and neck of America. Congress cut a deal with the international bankers (specifically Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation without serious stipulations, they devised a way to get their foot in the door of the United States. The Act of 1871 formed a corporation called THE UNITED STATES. The corporation, OWNED by foreign interests, moved in and shoved the original Constitution into a dustbin. With the Act of 1871, the organic Constitution was defaced -- in effect vandalized and sabotage -- when the title was capitalized and the word "for" was changed to "of" in the title.
* Info from yet unpublished
book, "Pentimento: Freedom Revisited." As you will see when reading, just as
much of my knowledge of the Trading with the Enemy Act came from Gene
Schroder, et al. this, too, came from elsewhere -- from Lisa Guilian of
Babel Magazine, whom I first "met" by way of an article by Patrick
Bellringer. So, we cooperate as we study and learn the truth. C. E.
|
It operates in an economic capacity and has been used to fool the People into thinking it governs the Republic. It does is not!
Capitalization is NOT insignificant when one is referring to a legal document. This seemingly "minor" alteration has had a major impact on every subsequent generation of Americans.
What Congress did by passing the Act of 1871 was create an entirely new document, a constitution for the government of the District of Columbia, an INCORPORATED government. This newly altered Constitution was not intended to benefit the Republic. It benefits only the corporation of the UNITED STATES OF AMERICA and operates entirely outside the original (organic) Constitution.
Instead of having absolute and unalienable rights guaranteed under the organic Constitution, we the people now have "relative" rights or privileges. One example is the Sovereign's right to travel, which has now been transformed (under corporate government policy) into a "privilege" that requires citizens to be licensed.
By passing the Act of 1871, Congress committed TREASON against the People who were Sovereign under the grants and decrees of the Declaration of Independence and the organic Constitution.
[Information courtesy of Lisa Guliani, www.babelmagazine.com. The Act of 1871 became the FOUNDATION of all the treason since committed by government officials.]
The UNITED STATES Isn't a Country - It's a Corporation!
In preparation for stealing America, the puppets of Britain's banking cabal had already created a second government, a Shadow Government designed to manage what the common herd believed was a democracy, but what really was an incorporated UNITED STATES. Together this chimera, this two-headed monster, disallowed the common herd all rights of sui juris. [sovereignty]
Congress, with no authority to do so, created a separate form of government for the District of Columbia, a ten-mile square parcel of land. WHY and HOW did they do so? First, Lisa Guliani of Babel Magazine, reminds us that the Civil War was, in fact, "little more than a calculated front
with fancy footwork by backroom players." Then she adds:
"It was also a strategic maneuver by British and European interests (international bankers) intent on gaining a stranglehold on the coffers of America. And, because Congress knew our country was in dire financial straits, certain members of Congress cut a deal with the international bankers (in those days, the Rothschilds of London were dipping their fingers into everyone's pie). . . . . There you have the WHY, why members of Congress permitted the international bankers to gain further control of America. . . . . .To fully understand how our rights of sovereignty were ended, you must know the full meaning of sovereign:
"Then, by passing the Act of 1871, Congress formed a corporation known as THE UNITED STATES. This corporation, owned by foreign interests, shoved the organic version of the Constitution aside by changing the word 'for' to 'of' in the title. Let me explain: the original Constitution drafted by the Founding Fathers read: 'The Constitution for the united states of America.' [note that neither the words 'united' nor 'states' began with capital letters] But the CONSTITUTION OF THE UNITED STATES OF AMERICA' is a corporate constitution, which is absolutely NOT the same document you think it is. First of all, it ended all our rights of sovereignty [sui juris]. So you now have the HOW, how the international bankers got their hands on THE UNITED STATES OF AMERICA."
|
SOVEREIGN
"Chief or highest, supreme power, superior in position to all others; independent of and unlimited by others; possessing or entitled to; original and independent authority or jurisdiction." --Webster-- |
sovereign. The Declaration of Independence says, "government is subject to the consent of the governed." That's us -- the sovereigns. When did you last feet like a sovereign? As Lisa Guliani explained:
"It doesn't take a rocket scientist or a constitutional historian to figure out that the U.S. Government has NOT been subject to the consent of the governed since long before you or I were born. Rather, the governed are subject to the whim and greed of the corporation, which has stretched its tentacles beyond the ten-mile-square parcel of land known as the District of Columbia. In fact, it has invaded every state of the Republic. Mind you, the corporation has NO jurisdiction beyond the District of Columbia. You just think it does.
"You see, you are 'presumed' to know the law, which is very weird since We the People are taught NOTHING about the law in school. We memorize obscure facts and phrases here and there, like the Preamble, which says, 'We the People. establish this Constitution for the United States of America.' But our teachers only gloss over the Bill of Rights. Our schools (controlled by the corporate government) don't delve into the Constitution at depth. After all, the corporation was established to indoctrinate and 'dumb-down' the masses, not to teach anything of value or importance.
"Certainly, no one mentioned that America was sold-out to foreign interests, that we were beneficiaries of the debt incurred by Congress, or that we were in debt to the international bankers. Yet, for generations, Americans have had the bulk of their earnings confiscated to pay a massive debt that they did not incur. There's an endless stream of things the People aren't told. And, now that you are being told, how do you feel about being made the recipient of a debt without your knowledge or consent?
"After passage of the Act of 1871, Congress set a series of subtle and overt deceptions into motion, deceptions in the form of decisions that were meant to sell us down the river.
"Over time, the Republic took it on the chin until it was knocked down and counted out by a technical KO [knock out]. With the surrender of the people's gold in 1933, the 'common herd' was handed over to illegitimate law. (I'll bet you weren't taught THAT in school.)
"Our corporate form of governance is based on Roman Civil Law and Admiralty, or Maritime, Law, which is also known as the 'Divine Right of Kings' and the 'Law of the Seas' -- another fact of American history not taught in our schools. Actually, Roman Civil Law was fully established in the colonies before our nation began, and then became managed by private international law. In other words, the government -- the government created for the District of Columbia via the Act of 1871 -- operates solely under Private International Law, not Common Law, which was the foundation of our Constitutional Republic.
"This fact has impacted all Americans in concrete ways. For instance, although Private International Law is technically only applicable within the District of Columbia, and NOT in the other states of the Union, the arms of the Corporation of the UNITED STATES are called 'departments' --i.e., the Justice Department, the Treasury Department. And those departments affect everyone, no matter where (in what state) they live. Guess what? Each department belongs to the corporation -- to the UNITED STATES.
"Refer to any UNITED STATES CODE (USC). Note the capitalization; this is evidence of a corporation, not a Republic. For example, In Title 28 3002 (15) (A) (B) (C), it is unequivocally stated that the UNITED STATES is a corporation. Translation: the corporation is NOT a separate and distinct entity; it is not disconnected from the government; it IS the government -- your government. This is extremely important! I refer to it as the 'corporate EMPIRE of the UNITED STATES,' which operates under Roman Civil Law outside the original Constitution. How do you like being ruled by a
corporation? You say you'll ask your Congressperson about this? HA!!
"Congress is fully aware of this deception. So it's time that you, too, become aware of the deception. What this great deception means is that the members of Congress do NOT work for us, for you and me. They work for the Corporation, for the UNITED STATES. No wonder we can't get them to do anything on our behalf, or meet or demands, or answer our questions.
"Technically, legally, or any other way you want to look at the matter, the corporate government of the UNITED STATES has no jurisdiction or authority in ANY State of the Union (the Republic) beyond the District of Columbia. Let that tidbit sink in, then ask yourself, could this deception have occurred without full knowledge and complicity of the Congress? Do you think it happened by accident? If you do, you're deceiving yourself.
"There are no accidents, no coincidences. Face the facts and confront the truth. Remember, you are presumed to know the law. THEY know you don't know the law or, for that matter, your history. Why? Because no concerted effort was ever made to teach or otherwise inform you. As a Sovereign, you are entitled to full disclosure of all facts. As a slave, you are entitled to nothing other than what the corporation decides to 'give' you.
"Remember also that 'Ignorance of the law is no excuse.' It's your responsibility and obligation to learn the law and know how it applies to you. No wonder the corporation counted on the fact that most people are too indifferent, unconcerned, distracted, or lazy to learn what they need to know to survive within the system. We have been conditioned to let the government do our thinking for us. Now's the time to turn that around if we intend to help save our Republic and ourselves -- before it's too late.
"As an instrument of the international bankers, the UNITED STATES owns you from birth to death. It also holds ownership of all your assets, of your property, even of your children. Think long and hard about all the bills taxes, fines, and licenses you have paid for or purchased. Yes, they had you by the pockets. If you don't believe it, read the 14th Amendment. See how 'free' you really are. Ignorance of the facts led to your silence. Silence is construed as consent; consent to be beneficiaries of a debt you did not incur. As a Sovereign People we have been deceived for hundreds of years; we think we are free, but in truth we are servants of the corporation.
"Congress committed treason against the People in 1871. Honest men could have corrected the fraud and treason. But apparently there weren't enough honest men to counteract the lust for money and power. We lost more freedom than we will ever know, thanks to corporate infiltration of our so-called 'government.'
"Do you think that any soldier who died in any of our many wars would have fought if he or she had known the truth? Do you think one person would have laid down his/her life for a corporation? How long will we remain silent? How long will we perpetuate the MYTH that we are free? When will we stand together as One Sovereign People? When will we take back what has been as stolen from the us?
"If the People of America had known to what extent their trust was betrayed, how long would it have taken for a real revolution to occur? What we now need is a Revolution in THOUGHT. We need to change our thinking, then we can change our world. Our children deserve their rightful legacy -- the liberty our ancestors fought to preserve, the legacy of a Sovereign and Fully Free People." [Posted 8/27/02, www.babalmagazine.com/]
From a speech in Congress in The Bankruptcy of The United States United States Congressional Record, March 17, 1993 Vol. 33, page H-1303. Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:
"Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) "Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve - in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14th Amendment U.S. citizen, to the Federal Reserve System.
In return, the Federal Reserve System agreed to extend THE FEDERAL United States CORPORATION [emphasis added] all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn't have any assets, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.
Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another. ."
United states of America History and international bankers
history
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/United%20states%20of%20America%20and%20intentional%20Bankers%20History.htm
World Revolution and World War
If you were extremely clever and worldly wise and you
wished to invade another country and gain control of that nation's wealth ,what
would be the most effective way to accomplish that end?
A military invasion is too crude. In the first place, The
country may be largely destroyed and it's wealth generating productivity
severely impaired. In the second place, an occupation army would be expensive to
maintain and would spend most of it's time fighting national patriot guerilla
armies. This continual fighting would further diminish the wealth generating
ability of the conquered nation. The military approach would be like killing the
goose that laid the golden egg.
The best invasion is one that no one is aware has
taken
place! If you could quietly infiltrate your agents into the target
country and
place them in positions to tap that country's wealth unbeknown to that
country's
citizens, you could carry out a gigantic hold up with out firing a shot.
Of course you probably couldn't get away with it for long
without being discovered unless you could also gain control of that
country's
news media sources. As you continued in your grand deception and larceny
you
would probably consider it expedient to gradually gain control of that
country's
other governing agencies like the military and the civilian government.
And,
that task would be made easier by the vast sums of money that you
siphoned from
the target country's national coffers.
The founder of the Banking House of Rothschild stated "Give
me the power to control the issue of a nation's currency and I care not who
makes that nation's laws."
The International Banking House of Rothschild had already
gained controlling influence over France and England by the early 1800's and was
extending it's influence into the newly independent United States through their
agents, notably Alexander Hamilton from New York. New York was originally called
New Amsterdam and was largely a settlement of Colonists from Holland. Some of
these settlers were related to the Money lenders of Amsterdam. The first
Illuminati stronghold in the United States was in New York with the inauguration
of the Columbian Lodge!
Benjamin Franklin understood the dangers of a privately
owned Central Bank controlling the issue of the Nation's currency and resisted
the charter of a central bank until his death. Then Hamilton prevailed and the
First Bank of America was chartered for a 20 year period. In this 20 year period
the Central Bank caused financial havoc through its policies of creating cycles
of inflation and tight money. During times of inflation the economy would boom,
there would be high employment, and people would borrow money to buy houses and
farms. Then tight money would cause a depression and unemployment. People who
could not pay their mortgages would have their homes and farms repossessed by
the bank for a fraction of their true value. These policies caused the banks to
profit greatly at the expense of the people.
For these reasons, the charter for the First Bank of
America was not renewed. This angered the Rothschilds who used their influence
in the British Parliament to attempt to retake the Colonies in the War of 1812.
The first military attempt failed. The second strategy was to divide and
conquer. The serious historian will find that the Civil War was largely stirred
up by Rothschild's illuminati agents in the United States.
One of these prominent Illuminati Orders was the secret
"Order of Skull & Bones", Chapter 322, founded at Yale University in 1833 by
William Huntington Russell and Alphonso Taft. The Order was incorporated as the
Russell Trust in 1856. William Russel became a member of the Connecticut State
Legislature in 1846 and a General in Connecticut National Guard in 1862.
Alphonso Taft became Secretary of War in the Grant Administration in 1876, U.S.
Attorney General in 1876 and U.S. Ambassador to Russia in 1884. Alphonso Taft's
son later became Chief Justice and United States President.
One researcher claims that this secret order originated in
Germany about the time the Bavarian Illuminati was outlawed in 1786 by the
Bavarian Elector. William Russell brought the Secret order to Yale from his
student days in Germany in 1831 to 1832. As an ancient tradition the gravestones
of Master Masons would have a skull and crossbones engraved on them. The name of
this secret society probably is derived from this tradition.
Yale is the only University with societies open exclusively
to seniors. Only 15 Junior Class members are selected to be initiated during
commencement week each year. The candidates are always male white Protestant and
usually from wealthy and powerful families, often their fathers were also
members of the Order. During the Senior Year, members are called "Knights", then
they become "Patriarchs" for life.
A number of "Skull and Bones" Patriarchs were to become
leaders in the Sucessionist movements of various Southern States. Thus, setting
the stage for events leading up to the Civil War. The Rothschild Banks loaned
money to both sides during the war. This strategy greatly weakened our nation,
but failed with the Union victory. After the civil war, the more clever method
was used to take over the United States. The Rothschilds financed August
Belmont, Khun Loeb and the Morgan Banks. Then they financed the Harrimans
(Railroads), Carnegie (Steel) and other industrial Titans. Agents like Paul
Warburg, Jacob Schiff, Bernard Baruch were then sent to the United States to
effect the next phase of the takeover.
At the end of the 19th. Century, Czarist Russia was the
last roadblock to total Global control. England ruled most of the world. The
Rothschilds had controlling influence in England, U.S., France, Germany, Austria
and Italy. Jacob Schiff, president of Khun Loeb Bank in New York was appointed
by B'nai B'rith (A secret Jewish Masonic Order meaning "Bothers of the Convenent")
to be the Revolutionary Leader of the Revolution in Russia. On January 13, 1917,
Leon Trotsky arrived in the United States and received a U.S. Passport. He was
frequently seen entering the palatial residence of Jacob Schiff. At these
meetings the Zionist organized agitations of 1905 in Russia were discussed as
well as the lessons to be
Jacob Schiff financed the training of Trotsky's Rebel Band,
comprised mainly of Jews from New York's East Side, on Rockefeller's Standard
oil Company property in New Jersey. When sufficiently trained in the techniques
of guerrilla warfare and terror, Trotsky's rebel band departed with twenty
million dollars worth of gold, also provided by Jacob Schiff, on the ship S.S.
Kristianiafjord bound for Russia to wage the Bolshevik revolution. 6
After the Bolshevik Revolution, Standard Oil of New Jersey
brought 50% of the huge Caucasus oil field even though the property had
theoretically been nationalized. In 1927, Standard Oil of New York built a
refinery in Russia. Then Standard Oil concluded a deal to market Soviet Oil in
Europe and floated a loan of $75 million to the Bolsheviks. Jacob Schiff and
Paul Warburg at the Kuhn Loeb Bank started a campaign for a central bank in the
United States. They then helped the Rothschild's to manipulate the financial
Panic of 1907.
Then, the panic of 1907 was used as an argument for having
a central bank to prevent such occurrences. Paul Warburg told the Banking and
Currency Committee: "In the Panic of 1907. The first suggestion I made was 'Let
us have a national clearing house'."
The Federal Reserve Act was the brainchild of Baron Alfred
Rothschild of London. The final version of the Act was decided on at a secret
meeting at Jekyll Island Georgia, owned by J.P. Morgan. Present at the meeting
were; A. Piatt Andrew, Assistant secretary of the Treasury, Senator Nelson
Aldrich, Frank Vanderlip, President of Kuhn Loeb and Co., Henry Davidson, Senior
Partner of J.P. Morgan Bank, Charles Norton, President of Morgan's First
National of New York, Paul Warburg, Partner in Khun Loeb and Co. and Benjamin
Strong, President of Morgan's Bankers Trust Co.
The Federal Reserve Act of 1913 was the determining act of
the international financiers in consolidating financial power in the United
States. Pierre Jay, Initiated into the "Order of Skull and Bones" in 1892,
became the first Chairman of the New York Federal Reserve Bank. A dozen members
of the Federal Reserve can be linked to the same "Order." 7
The 16th. Amendment allowing Congress to tax personal
income quickly followed the Federal Reserve Act (but it never has been ratified
in all states.) This was a natural consequence, since the U.S. government could
no longer create it's own money to finance it's operations as provided by the
Constitution. For the first time in U.S. history people thought they had to pay
income tax. (In fact, filing with the IRS is purely voluntary.) Congressman
Charles Lindbergh described the newly created Federal Reserve Bank as "the
invisible government by the money power."
On Nov, 2, 1917 in England, Lord Author James Balfour wrote
a significant letter to an international banker that had been elevated to the
level of a peer of the realm, Lord Rothschild:
At the time of this letter, Turkey still held Palestine but
nevertheless One Nation was promising land held by another Nation to the people
of a third! This became known as the Balfour Declaration that created Modern
Israel. A few years later, Turkey was defeated and England gained control of
Egypt and Palestine while France gained control of Lebanon and Syria.
Lord Rothschild's part of the bargain was to use his
influence in the United States to get her involved in the World War I on the
side of the Allies. This at a time when the Allies were doing very poorly in the
war against Germany and Turkey. The Zionist headquarters in Berlin was moved to
New York under the leadership of Justice Louis D. Brandeis. The "Zionist
Transfer Department" was used to finance the Zionist cause wherever needed.
Other significant agents for the Rothschild Bank were
Edward M. House and Bernard Baruch. Bernard Baruch was instrumental in Woodrow
Wilson's successful presidential campaign. Colonial Edward M. House became
President Wilson's closest advisor, selecting the president's cabinet and
virtually running the State Department. There is little doubt that, under the
influence of Colonial House, Woodrow Wilson became an invaluable puppet to the
Rothschilds in not vetoing the Federal Reserve Act and asking Congress for a
declaration of war against Germany.
During 1916, Colonial Edward M. House used his considerable
influence with the financial institutions (many which held stock in the Federal
Reserve Bank) represented by Felix and Paul Warburg, Otto H. Kahn, Louis Marburg,
Henry Morganthau, Herbert Lehman, Mortimer and Jacob Schiff to convince
Americans that it was their sacred duty to make the "World safe for democracy."
Soon thereafter The U.S. entered World War I. The Illuminati sold Wilson to the
American people under the slogan that he represented "the New Freedom." "The War
to End all Wars" ended up being vary profitable to the Illuminati Bankers and
their associates.
Bernard Baruch who was placed as Chairman of the War
Industries Board, went from a being worth about one million dollars before the
war to being worth about two hundred million after the war. Benard Baruch
created what was later called the "U.S. Military Industrial Complex."
Acting again on the influence of Colonial House, on January
8, 1918 Woodrow Wilson addressed Congress and asked for the formation of the
League of Nations, one further step towards the Illuminati Goal of World
Government.
While at the Paris Peace conference of 1919, House called
together the dedicated intellectuals of Wilson's "Brain Trust" which he had
innovated, including John and Allen Dulles, Christian A. Herter and Tasker H.
Bliss to form a group to study international affairs.
This study group returned to New York from Paris and formed
the "Council on Foreign Relations". The British counterpart is the "Royal
Institute for International Affairs" (RIIA). The RIIA and CFR policies are now
coordinated by the secret Bilderberger Group which was created in 1954. Prince
Ferdinand of the Netherlands was the original chairman of the secret
Bilderberger Group which largely decides the fate of the world in their secret
meetings.
On February 6, 1929 Montagu Morgan, head of the Bank of
England came to Washington to confer with U.S. Secretary of the treasury, Andrew
Mellon. Next, the Fed raised the Prime interest rate. On March 9, Paul Warburg
was quoted in "Financial Chronicle" as saying "If orgies of unrestricted
speculation are permitted to spread too far...the ultimate collapse is certain."
Those in the know, quietly got out of stock and invested in
gold and silver. Then when everything was ready, the New York financiers started
calling 24 hour broker call loans. Investors had to dump their stock on the
market to pay the loans and this naturally caused a collapse of the market. The
Illuminati controlled banks had now set into motion a series of events that
would eventually bring on World War II. The desperation caused by the great
depression could be manipulated by the Illuminati to drastically alter the
Constitutional government of the United States. "New Deal Policies" were a
drastic change from the past. Many distressed properties were brought up for
pennies on the dollar by International Banker insiders.
The Council on Foreign Relations created by Mandell House
was increasing it's influence in the United States, gradually recruiting
powerful government leaders, managers of the press, military and industrial
leaders into it's membership. Averell and his brother, Roland Harriman
(initiated into the "order of Skull and Bones" in 1917) financially assisted the
Nazis. This financing was through the Union Bank in which they with other
members of the "Order", E.S. James and Knight Woolly, had major holdings.
After financial crash of 1931, German industry was on the
brink of bankruptcy. Fritz Thyssen, the German steel baron, openly joined the
Nazi party and threw his financial support behind Hitler. The flow of funds went
through the Bank Voor Handel, which controlled the Union Bank in New York. The
Union Bank was a joint Thyssen-Harriman operation. A look at the directors in
1932 show that of the 8 directors, 4 were members of the "Order" and 2 were
members of the Nazi party. 7
Harriman also funnelled financing to both the Soviets and
the Nazis through the Brown Bros, Harriman Bank. One of his close associates was
Prescott Bush, father of U.S. President, George Bush. Both Prescott and George
Bush are members of "Skull and Bones."
By 1936, more than 100 United States Company's, including
General Motors, Ford, International Harvester and Du Pont had subsidiaries in
Germany or cooperative agreements with that country, helping to build Germany's
war machine. However, the motive was other than profit since the companies were
not allowed to take any money outside of Germany. Member of the Council on
Foreign Relations and Freemason Grand Master, Franklin Delano Roosevelt had
powerful connections, including Bernard Baruch and Mandel House, which led to
his presidency. After 1936, FDR placed into effect Pacific trade policies with
Japan that forced Japan to choose between capitulation or war. For her economic
survival, Japan chose war.
World War II was guaranteed by the Terms of the Treaty of
Versailles which dictated the terms of surrender of Germany following World War
I. This treaty kept the German people at a near starvation level as most of
their production was used to pay war reparation payments to the Victors. It was
the extreme desperation of the German people that allowed a demagogue like
Hitler and his Nazi Party to raise up in power.
The Second World War was deemed a necessary part of
Illuminati strategy which was expressed by the political scientist, Hegel:
"To synthesize a new order, it is first
necessary to create opposites sides and then bring them into conflict."
This is why Illuminati bankers financed both the Soviets and the Nazis. In fact,
the Illuminati really favour neither Capitalism or Communism or Nazism. Their
purpose is to create opposite forces and bring them into conflict. The modern
world is a result of the drastic changes wrought by World War II.
I.G. Farben Co. had discovered a method of recovering
petroleum from Coal and had entered into a licensing agreement with Standard Oil
on the process, receiving 546,000 shares of Standard Oil Stock, worth about
Thirty million dollars. I.G. Farben also entered into an agreement with Alcoa
Aluminium. The I.G. Farben Cartel produced about half of Germany's petroleum.
Paul Warburg's brother, Max Warburg sat on I.G. Farben's board of Directors.
Later, I.G. Farben Co. located plants outside the concentration camps and used
the prisoners for slave labour while supplying the gas for the gas chambers.
One question often asked is "why would the Rothschilds help
to finance the Nazis, the mortal enemy of the Jews?" The answer to that question
is perhaps given by Rabbi Emanuel Rabinovich in a speech at the Emergency
Council of European Rabbis in Budapest, Hungary on January 12, 1952:
"Greetings my children: You have been called here to recapitulate the principal steps of our new programme. As you know we had hoped to have 20 years between the wars to consolidate the great gains that we made from World War II... We may have to repeat the Grim days of world War II when we were forced to let the Hitlerite Bands sacrifice some of our people... The death of a few thousand jews in exchange for world leadership is indeed a small price to pay... To convince you of the certainty of that leadership, let me point out to you how we have turned all the inventions of the white man against him. His printing presses and radios are mouthpieces of our desires. And his heavy industry manufactures the instruments which he sends out to Asia and Africa against him...And so with the vision of world victory before you, go back to your countries and intensify your good work, until that approaching day when Israel will reveal herself in all her glorious destiny as the Light of the World."
This speech gave added verification of the Illuminati's
long range goals as outlined in the letter between Illuminati leaders Mazzini
and Albert Pike in 1871 and the methods described in the "Protocols." Poland was
to be divided up between Germany and the Soviet union according to a
predetermined agreement between Hitler and Stalin. Germany attacked first and
occupied the agreed upon section. Then Russia invaded and occupied her agreed
upon section.
England was required by the Versailles Treaty to declare
war against Germany after this move. However, the horrors of WWI were still
fresh in the minds of most Europeans. No one wanted to fire the first shot
between England and Germany. For this reason, England's Prime Minister
Chamberland was called an appeaser.
It is certain that Hitler did not want war with England. In
1933, he pointed out that Communism in order to reach it's final objective would
eventually destroy Britain's Empire. In that event he stated: "I would be
willing to help defend the British Empire by force if called upon."
Winston Churchill was a good acquaintance of Bernard
Baruch, the man who helped Woodrow Wilson become President and who profited so
handsomely by the U.S. entry into World I. In one letter, Churchill wrote to Mr.
Baruch: "War is coming very soon. You will be running to show over there, But I
will be on the sidelines over here." Bernard Baruch convinced Winston Churchill,
who had been relegated to the political backwaters because of his views on
Palestine, to change his policy toward support of the Zionist cause.
After reversing his previous stance in a speech to the
House of Commons, Mr. Churchill became Prime Minister in a few short months. The
"Phony War" suddenly turned hot as the new Prime Minister of England ordered air
bombing of civilian population centers in Germany forcing Hitler to retaliate.
The majority of Americans did not want to get involved in
another European war. But the Illuminati had other plans. They had already
installed their man, Franklin D. Roosevelt into the highest office of the land.
Roosevelt soon repaid the favours owed those who placed him in office. Roosevelt
issued an Unconstitutional Presidential Executive order that all privately held
gold be turned in to the Banks before the end of April 1933 under maximum
penalty of $10,000 or 10 years in prison or both!
The gold was turned in at $20.67 per Oz. After the majority
of the gold was turned in, the gold price was fixed at $35 per Oz. Insiders
merely held their gold in foreign banks and later, sold it back at the higher
price!
Publicly FDR stated to the American people: "Your boys are
not going to be sent into any foreign wars." There is a good body of evidence
that Roosevelt repeatedly deceived the American public in the period proceeding
Pearl Harbor. The fact is that FDR would not have been re-elected on a war
platform in 1940.
Top government officials in Washington D.C. had plenty
advanced warning of the attack on Pearl Harbor. On January 27, 1941, U.S.
Ambassador to Tokyo, Joseph Grew wrote a letter to FDR's State Department
warning "That in the event of trouble breaking out between the U.S. and Japan,
the Japanese intended in making an attack against Pearl Harbor." By August of
1941 Congressman Dies personally submitted evidence of Japan's planned attack on
Pearl Harbor, including a strategic map prepared by the Japanese Imperial
Military Intelligence Department to Roosevelt. So, the attack was no surprise to
Roosevelt. Dies was told not to release this information to the public!
On November 26, 1941 FDR sent a war ultimatum to Japan:
"Withdraw all troops from Indo China and Manchuria - or else." Most Asian
experts agree that this ultimatum allowed Japan no choice but to attack the U.S.
Navel fleet at Pearl Harbor. The Japanese ambassador to the U.S., Prince Kenoye
tried to seek other alternatives to war with the U.S.. But, FDR continually
refused to speak with the Ambassador because war with Japan was already planned.
FDR had already given approval to General Chanault to launch air attacks against
Japan from China with the "Flying Tigers."
The Japanese "Purple Code" had been broken with deciphering
machines which were supplied to all important commanders except at Pearl Harbor.
By the early morning of Dec. 7, Japanese messages indicating that the attack was
impending were decoded and forwarded to Washington D.C.. On Dec. 7, at 9:30 AM
EST, Admiral Stark met with General George C. Marshall at the Navy Department.
Stark wanted to radio Admiral Kimmel at Pearl Harbor. Marshall said he was
afraid that the Japs would intercept the message and complicate matters.
Marshall said that he would personally wire a message to Kimmel. Marshall
finally sent a telegram to Kimmel warning of the Japanese attack. But, it was
delayed sufficiently to arrive after the attack was over.
The American Forces at Pearl Harbor were not prepared for
the attack. Ammunition for the anti-aircraft guns was stored in warehouses not
beside the guns where it was needed for immediate response.
Air craft were parked in circles with their propellers
facing inward. Since the planes had to be pushed backwards by hand to get out of
this position and airborne they were "sitting ducks" for the Japanese aircraft.
It was reported that Roosevelt had ordered the planes grouped in this fashion
because he feared sabotage to the planes. After the U.S was attacked at Pearl
Harbor, our main war effort was directed towards Europe. By 1943, the tide of
war had changed to the Allies favour. North Africa had been secured. Sicily and
Italy had been invaded. Then, the Allied advance paused as preparations for the
invasion of France were being prepared.
Another figure making tremendous strides in his carrier was
Dwight D. Eisenhower. In March 1941, he was promoted from a Lt. Colonel to a
full Colonel. Three months later, he was promoted to Chief of Staff of the U.S.
Third Army. In another three months, he became a Brigadier General. Proving once
again that it is not what you know - but who you know that really counts.
Eisenhower was a friend of Bernard Baruch!
By December 1941, he was called to Washington by General
Marshall and brought into war planning at the highest level. Following this,
Eisenhower enjoyed a series of promotions until on December 24, 1942, he was
made Supreme Allied Commander of Europe. After Germany's army was pushed out of
Rome by the allied advance, General Mark Clark stated: "After the fall of Rome,
Kesserling's army could have been destroyed - If we had been allowed to shoot
the works in a final offensive." The Allies could have then easily advance
across the Adriatic into Yugoslavia and then into Vienna, Budapest and Prague.
But instead, Mark Clark's army was halted and weakened by
removing men to be used in the Normandy invasion. This strange tactic prolonged
the war by at least one year, cost the Allies the lives of about 100,000 men and
drastically changed the political nature of Eastern Europe in the following
decades. To understand why Supreme Allied Commander Eisenhower did this, it is
necessary to consider the Quebec Conference of the Allies in 1943. The policy
which was insisted upon by General George C. Marshall, was based on a document
called "Russia's Position." The document stated that Russia's post-war position
in Europe will be a dominant one.
Commander George Earl, former American Minister to Austria
from 1935-1939 and to Bulgaria from 1940 -1942, was Roosevelt's personal Naval
attache in Istanbul in the spring of 1943. He had been approached by the head of
the German secret service, Admiral Wilhelm Canaris with a proposal for the
surrender of Germany. The German Generals had a more realistic picture of the
war than Hitler and wanted a truce with England and the United States so that
they could concentrate on a defense against the Russians. They also proposed
turning Hitler over to the Allies.
Later, the German Ambassador, Friz von Paper made a similar
proposal to George Earl. Earl promptly sent a coded message via diplomatic pouch
to president Roosevelt. The proposals of surrender were never answered by the
president!
Obviously, an honourable surrender of Germany was not part
of the plan to create the Soviet "social experiment" by the Illuminati bankers
who influenced President Roosevelt, General Marshall, General Eisenhower,
Churchill and Stalin. Meanwhile, operation "Lend Lease", to offer U.S. military
aid to the Soviets, was in full swing. Major Racey Jordan was appointed liaison
officer with Soviets. Jordan was amazed to learn that Russian Colonel Anatoli
Kotikov had considerable influence with Roosevelt's aid, Harry Hopkins.
Whenever Kotikov couldn't get items the Russians needed, he
would call Mr. Hopkins in Washington and get results! Often, items needed by our
own forces in the battlefield were diverted to Russia. In one incident, major
Jordan inspected a diplomatic pouch headed for Russia, over the objections of
the Russians. Inside, he saw papers describing atomic fission. A list of
materials on the plane included two pounds of uranium. He did not realize the
significance of what he had seen at the time because atomic weapons research was
classified top secret!
Major Jordan kept a dairy with detailed notes of all that
he observed of the Lend Lease operations. Later, he wrote a book, "From Major
Jordon's Diaries", describing many little known aspects of Lend Lease.
Not only were the Germans not allowed to surrender, neither
were the Japanese at least not at first! They issued a formal unconditional
surrender in March 1945. Their offer was ignored!
The fire bombing of Tokyo proceeded next, destroying
sixteen square miles of Tokyo and leaving millions homeless. Then came the use
of the atomic bombs against Nagasaki and Hiroshima!
The Aftermath
The massive rebuilding of Germany and Japan after the war
was a source of astronomical profits to the International Bankers. The Japanese
and German people are excellent workers and managers. But, the International
Bankers are the shadowy figures behind the scenes that provide the true
leadership of Japan and Germany and the New World Order.
The Council on Foreign Relations (CFR), started to get some
real influence. Old national sovereignties were dissolved while new
international organizations like the CFR's creation, the United Nations were
organized and strengthened. The United Nations took on some post war governing
functions. Later, The CFR and it's affiliates like the "Institute of the Pacific
Rim" (IPR) and Foreign Policy Association (FPA) would virtually direct all U.S.
foreign policy. Notably, the IPR is credited with handing over China to the
Communists under the guidance of General George C. Marshall and later,
formulating our Vietnam War Policy. The CFR helped considerably to create the
Soviet Empire.
The Illuminati's control over the Soviet Union was
strengthened by the war. Lend Lease and the secret agreements at Yalta between
Roosevelt, Churchill and Stalin also strengthened the Soviet Empire. The ensuing
and well engineered "Cold War" between the Soviet empire and the West
strengthened the Illuminati's position in the rest of the world.
The hot wars like Korea and Vietnam were engineered so as
not to actually bring the U.S. and Soviets into conflict while providing
justification for the existence of "national security" secret agencies like the
CIA, NSA and NSC. The covert operations arm of the CIA was used extensively
since the 1950's to subvert non-aligned governments not already controlled. Then
military strongmen were placed in power that would adopt policies that were
favorable to the multinational corporations directed by the Illuminati.
In one incident, U.S. President, John F. Kennedy, not
willing to "to be a good team player," was preparing to withdraw U.S. "Advisors"
from Vietnam. The withdrawal order was issued in October of 1963, He was
assassinated in November and, as soon as his successor was sworn in, a massive
escalation of the war developed.
Investigative attorney, Mark Lane developed court evidence
that CIA paymaster, E. Howard Hunt met with Jack Ruby and later paid CIA hit men
in a Dallas Motel the evening before the assassination. This is described in
Lane's book "Plausible Denial." This shows a connection between the
international bankers and the CIA and the Mafia. Woe unto anyone who gets in the
way of their plans!
New international financial institutions like the
International Monetary Fund (IMF) the World Bank and the Bank of International
Settlements were created to extend economic hegemony through the planet.
The outrageous national membership fees of the IMF runs
into billions of dollars per year per nation. When nations have problems
repaying their loans, strict austerity programs are imposed which cause
considerable hardship on the poorer citizens of that nation.
In 1986 for example, Brazil stripped her rain forests,
mined her gold, forced low cost labour onto her people and had a $10 billion
trade surplus. This was the year that the U.S. suffered a $50 billion trade
deficit. But, the interest payment on Brazil's foreign loans also came to $10
Billion, so it was all for nothing!
When Brazil decided to default on the payments, her credit
rating dropped to zero. Without short term credit, Brazil was unable to conduct
normal international business transactions and lost even more in trade than the
interest payments had amounted to. Within six months, Brazil had reconsidered
her position and started negotiations with the bankers. A lesser rate of
interest was finally agreed upon. But, Brazil was persuaded to borrow $13
billion more! The lenders don't really want the debt paid back. The debt gives
them leverage and the debt servicing or interest payments gives the "cash flow".
Often, "austerity measures" are imposed on nations that
have a difficult time repaying their loans. Social programs like health,
education or basic food subsidies for the people of the nation are reduced
drastically. A recent epidemic of cholera in Latin America is directly related
to these "austerity programs" and the reduction of health and sanitary programs
carried out by the government. These social evils are a result of ignorance of
the true nature of money, it's purpose and it's creation. Honorable leaders of
nations would not borrow until their countrymen were in bondage.
Knowledgable leaders would insure that their country
controlled the currency rather than international bankers. A national law ought
to be passed forbidding Congress from borrowing money. Also, Congress should
nationalise the Federal Reserve Bank to regain it's Constitutional authority to
mint currency then the borrowing would be unnecessary!
Money is nothing more than a way of keeping score - it has
no more intrinsic value than notches on a stick or binary on/off states in a
computer memory bank. The productivity of a people is where true wealth lies.
Money keeps track of that productivity and allows the facile transfer of that
productivity. The central banks that print currency and lend it at interest is
the prime culprit. This money that was created from nothing is lent out. But at
a later time, the central bankers end up owning the entire productivity of
nations. There can be little doubt that foreign debt is the way the
international bankers drain the wealth from nations or that the IMF is the
greatest legalized racket on the planet. A different means of keeping score is
clearly needed.
Control of Information
The Illuminati started disseminating their propaganda
through Reading Clubs prior to the French Revolution in order to mould public
opinion in a favourable disposition towards the goals of the Illuminati. Later,
during the nineteenth century after the Rothschilds controlled the Bank of
England, a controlling interest was also purchased in the Jewish operated
Reuters Newspaper in London. Also, controlling interests were purchased in Wolff
and the French Havas newspapers, creating a virtual international news monopoly.
In 1942, the general manager of Associated Press, Kent Cooper, spoke of this
international news monopoly in his book "Barriers Down:"
"..the news of the world was it's own
private property to be withheld, to be discoloured to it's own purposes, or to
be sold to whom and to where they directed."
The Council on Foreign Relations (CFR) was created in 1921
as the American branch of the British Royal Institute on International Affairs (RIIA).
The RIIA was the brainchild of Cecil Rhodes as a means to expand British
hegemony globally and to regain Britain's control of the United States. The CFR
was responsible for the creation of the United Nations and presently directs all
U.S. foreign policy.
The world news sources and wire services have members of
the Council on Foreign Relations (CFR) directing and working for them. These
include; Reuters, Associated Press, United Press International, Wall Street
Journal, Boston Globe, New York Times, Los Angeles Times and Washington Post,
ABC, NBC, CBS, and RCA. Most national and international news is derived from
these sources. The CFR is also heavily entrenched in the major energy companies,
the military and the U.S. Government. So, with the CFR managing the news and
moulding public opinion about world affairs, they are in a key position to
influence the direction of our democratic government.
The Illuminati's order of "Skull and Bones" forms an inner
circle of the CFR and has control of other forms of public information:
Henry Luce of the "Time-Life" syndicate, William Buckley of
"National Review", Alfred Cowles of "Minneapolis Star", Emmert Bates of Litton
Educational Systems, Richard Ely Danielson of "Atlantic Monthly", Russell
Davenport of "Fortune" and Nieman Fellowship's first director, Archibald McLeash
are all members of the Order Of Skull and Bones. 7
In 1880, Members of the Order created both the American
Economic Association and The American Historical Association. Andrew Dickson
White was the first president of American Historical Association. By the turn of
the century the "Order of Skull and Bones" had already made significant
penetration into the educational establishment. Timothy Dwight was president of
Yale, later to be followed by Arthor T. Hadly. Andrew Dickson White was
president of Cornell. Daniel C. Gilman was president of John Hopkins University.
All men were members of the Order. Later Daniel Gilman became president of
Carnegie Institute. The philosophy and practice of the present public school
system is due to the massive infusion of funds and grants from private
foundations which are directed by Illuminati organizations. These same
foundations, can virtually dictate which textbooks can be used in the public
school system.
This one reason most people don't know the true history of
the 20th century. Any history that goes against the official line of the
American Historical Association will find it impossible to obtain research
funding or publication in "acceptable" forms.
On the other hand, in 1946, the Rockefeller Foundation
allotted $139,000 to create an official version of World War Two that hid the
massive U.S. corporate assistance in building the Nazi war machine. One major
contributor to the Nazi effort was Rockefeller's own Standard Oil Co. The Ford
Foundation, was originally created from Henry Ford's Auto Manufacturing fortune.
But eventually, members of the "Order of Skull and Bones" infiltrated the
foundation and used it's financial power to influence the nature of public
education.
For example, McGeorge Bundy (a member of the Order of Skull
and Bones) was the National Security Advisor during the Vietnam debacle. In 1966
he became the president of the Ford Foundation. Bundy then appointed another
member of the Order, Harold Howe II, as Vice President in charge of the
Education and Research Department. Their flagrant misuse of foundation money
caused the remaining Ford Family members to resign in disgust. 7
The official history of the John F. Kennedy assassination
reflects the Warren Commission Report. Ie, the president was killed by a lone
assassin, Lee Harvey Oswald. The true account will demonstrate that the CIA
worked in conjunction with DISCO, organized crime and Cuban Exiles to have the
president assassinated in a large scale conspiracy. DISCO is an acronym for the
super secret Defence Industrial Security Cooperation Organization. Some of the
names of the conspirators are Orlando Bosch, E. Howard Hunt, Frank Sturgis, (all
CIA employees) and Jack Rubenstein (alias Jack Ruby of organized crime.) The CIA
paid off some large gambling debts that Jack Rubenstein owed organized crime
figures to enlist his aid in the Dallas Shooting.
Lee Harvey Oswald was also a one time employee of the CIA,
but at the time of the shooting was working for Jack Ruby and was set up to be
the "fall guy". Jack Ruby had to kill him before he talked. Many of these facts
were brought out in the House Special Committee on Assassinations hearings in
1976. But, most of the information was sequestered in the National Archives and
not to be made public until 2029! After the hearings, congress did pass a
resolution forbidding the CIA from carrying out covert operations within the
territorial boundaries of the United States. What is most interesting is that
the official media had already determined that the presidential assassination
had not been a conspiracy within 9 hours of the shooting at Dealy Plaza.
Headlines stated "Oswald acted alone!"
This blatant statement was made even though an actual
investigation had barely started. Obviously, these media statements were also a
prepared part of the conspiracy. Which is a typical demonstration of how the
Illuminati uses the media to mould public opinion. The Illuminati wanted J.F.
Kennedy out of the way because he had his own agenda which were in conflict with
Illuminati plans. For similar reasons they had his brother killed in 1968 after
he had won the Democratic Presidential Nomination. Sirhan Sirhan, another
assassin acting alone, was actually subjected to sophisticated narcohypnosis
techniques developed by the CIA in their MK ULTRA mind control program..
To insure that Sirhan Sirhan did not miss, Howard Hughes
private body guard was also present. He was hired as a rental security guard to
replace one who had called in sick. His gun fired the extra bullets that
couldn't be accounted for during the later investigation. He disappeared right
after the shooting, never to be seen again!
And once again, these facts will never appear in the
"official" media reports, although some of them may appear in the small
independent publications that have not been taken over by the Illuminati
organizations like the Council on Foreign Relations and the Order of Skull and
Bones.
Bibliography:1. Michael Baigent, Richard Leigh, & Henery Lincoln "Holy Blood, Holy Grail." Dell Publishing
2. Michael Baigent, Richard Leigh, & Henery Lincoln "The Messianic Legacy." Dell Publishing
3. John J. Robinson "Born In Blood" M.Evans and Co., 216 E. 49 St. New York, NY 10017
4. Albert Pike "Morals and Dogma" a secret manual of the Freemasons.
5. Des Griffin "The Fourth Reich of the Rich" Emissary Publications, P.O. Box 642, S. Pasadena, CA 91030
6. Des griffin "Decent into Slavery" Emissary Publications
7. Antony C. Sutton, "America"s Secret Establishment" Liberty House Press, 2027 Iris, Billings Montana 59102.
Additional information for this work came from the following sources: Prevailing Winds Research, Nexus, Spotlight.
Recommended Articles
on the topic
Canada's Central Bank Scam Prime Minister Paul Martin's Badly Kept Secret
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/Articles%20on%20Interesting%20Banking/Canada%27s%20Central%20Bank%20Scam%20Prime%20Minister%20Paul%20Martin%27s%20Badl.htm
money supply in Canada and abroad, lost rack of what their left hands was up to. That led to a major financial crisis in Mexico that would have brought down the entire financial system had the Clinton government in Washington not at the last moment patched together a $50 billion plus standby program.
And meanwhile
Mr. Martin as Finance Minister during the Chretien
government was beating his own drum as a financial
expert who merited ten years in power as PM.
As further proof
of his "fiscal responsibility", he stashed away
government revenue to "hide against a rainy day". It was
in fact the part cost of keeping the sun shining on our
banks' excursions into the US financial wild west. Not
only were these incompatible with their banking
activities, but not particularly successful. They have
already cost them a small fortune.
But that was not
enough, Mr. Martin got himself into an awful row behind
closed doors with the Auditor-General of that day, Denis
Desautels, on the government's practice of ignoring
double entry bookkeeping. When it built a bridge, a
school, or a penitentiary, it wrote off the spending in
a single year while keeping the debt incurred on its
books as a liability. After weeks of wrangling a
compromise was reached in which this accrual accountancy
(also known as `capital budgeting') would be introduced
with respect only to the aboriginal peoples' accounts
and the environment. That resulted in the discovery of
an unrecognized surplus, that he wore like a Purple
Heart Cross. Yet under the terms of his settlement with
the Auditor-General, the final balance sheets of the
government would be subject to approval by the
Auditor-General. Until that approval is forthcoming, Mr.
Martin is as much in the dark about the government's
balance-sheets as the general public. Accordingly it
falls to the electorate to decide whether he really has
been a prudent administrator, or has just bullied his
auditor.. In the US intimidating or bribing a company's
auditor has earned high executives jail sentences. Could
it be that in Canada we reward them with 10-year runs as
head of state? . That was the grand illusion of Mr.
Martin's career. The time has come to prove him wrong.
But surely, all
these things are far too complicated for the ordinary
elector to understand. Hence how did the public pierce
the mystery and grasp the essential fact that Mr. Martin
has been up to no great good. For that is the view that
has taken over.
Thus Roy
MacGregor (The Globe & Mail 7/06/04 ) sums up the
situation.:" With voters putting the boots to Martin so
early, it means the public attention span has ample time
to wander over to those who might take his place. Two
weeks ago the election was Paul Martin's to lose, and it
appears he lost it almost instantly; today, it is
Stephen Harper's to lose."
This adds up to
a crisis of our democratic system. The need for
proportional representation, so that minority groups at
present unrepresented in parliament will be able to
demand vital information that is at present denied the
major parties, or who simply fail to fight for it. Being
a mjoar party involves a massive dependence on major
finances for TV ads, the attaches major parties to our
banks with nose-rings.
How then did Mr.
Martin's secret get through to them despite its
complexity that left Mr. Martin himself confused?
The answer is
simple. There has been a massive redistribution of the
national income , and with the increasing break-down of
or our infrastructure and the ongoing voracity of our
banks, it continues, day and night. Heather Scoffield (
The Tories' $90-billion question" Globe and Mail 7/06)
sums it up : "Both Tim O'Neill, chief economist of the
Bank of Montreal and Dale Orr, managing director at
Global Insight (Canada) recognize a scenario such as
Conservatives as a viable option, as long as spending is
frozen. On the other hand, most economists agree that
keeping spending in check will involve cuts to some
programs."
That is the
great secret that Mr. Martin could only add to, but not
hide.
The last bailout
of our banks was no one-shot affair, but an ongoing
entitlement. When two of our major banks have had fines
imposed on them by the regulatory authorities in the US
$80 million - quite apart from likely class actions for
which they are setting aside reserves - that comes out
of the hides of Canadian taxpayers or consumers.
Vital
information about Mr. Martin's fiscal prudence comes to
voters whenever they go into a store and pay the GST
that Mr. Martin as Liberal Finance Minister was supposed
to do away with. You can fool the public three times
with tales of self-aggrandizement, but the fourth time
is a toughie these days.
Fed and the world Government
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/Fed%20and%20the%20world%20Government.htm
By John Anast
12/29/03
Like one of the vanishing acts of Houdini, the intrinsic value of the US dollar seems to have disappeared. Similar to the fate of that famous illusionist the unquestioned unparalleled strength and preference of the US dollar in World markets is also unlikely to reappear. It is only fitting to thank, on its birthday, the one private organization, which has governed the US dollar and its direction, since its existence was codified into US law some ninety years ago in 1913. Since that time the Federal Reserve Bank "Fed" has operated as a quasi "National" bank of the United States of America accepting all of the benefits the terms "full faith and credit" and "for all debts public and private" and none of the debt obligations that they themselves create.
That said it is not a government institution or managed by government officials, but a private corporation operating in secret for profit and setting economic, foreign and trade policies for the United States beyond the purview or scrutiny of the US Congress or the American people. While Professor Greenspan presents himself before the Congressional banking committee, he speaks in a language few understand and actually deliberately says very little. The reliance of M1 and M2 in your daily lives seems nonessential and as long as interest rates remain low the Fed seems to be doing its job. It might surprise many Americans to learn that in fact in the aggregate the ownership of the alleged "US" Fed is actually foreign. The money changers did not leave the Temple for long and despite the best efforts of "Rocky and Bullwinkle" and other American heroes foreign control groups have taken root. Patriots like Jefferson and McFadden, et al, spoke out vociferously against both the creation of the Fed and its proposed policies. Yet for the last 90 years through graft, bribes, corruption, and assassinations, the Fed has remained open for business controlling not only the credit and currency of the United States but in many cases the direction and trade and foreign policies of our Nation.
The Fed is the Federal Reserve Bank Note printing office at the center of the American consumption economy. You do not own the money in your pocket, it belongs to the Fed, not you or the US Government for that matter. The so-called "US" dollar is in reality a Fed bank note owned by a private corporation merely guaranteed by the US Government -- meaning you and the tax revenue you pay each year. It is no coincidence that some ninety years ago in that same year 1913 the Internal Revenue Service "IRS" was born of the same father. For the honor of being the sole private entity to print the bank notes you lease as currency and a means of exchange the Fed charges you interest for that privilege. You might have heard of the technical term used to define the amount of borrowings, interest and principle you pay through your tax revenues -- its called the "National debt." In actuality there is no National debt, merely a scheme of vipers to control the US economy first and then a new world economy. You have heard the terms, like "new world order", et cetera, which are somehow supposed to connote a new era of world cooperation and commerce.
In reality however its about capital flows and capital seems to go in the direction of cheap labor, steep learning curves, lax environmental standards and corrupt politicians. The phenomenon has even hit China whereas capital flows are now moving inland to find even cheaper labor and materials. What most of my fellow Americans have not figured out yet is that those capital flows in Fed bank note dollars have a cost well beyond unemployment, inflation, deflation growth or recession. Every Fed bank note which goes overseas to build an Italian widget factory in China is actually subsidized by you the American taxpayer. You are actually leasing those Fed bank notes and paying interest and principle for every single one of those Fed bank note dollars sent to China. The widgets produced by the factory then end up on American store shelves selling at a price which is perceived well below the cost to produce the same item in the US. But the actual cost of that item taking into account the accruing principle and interest you owe to the Fed is likely multiples of the perceived widget sales price.
There is no justification for it, the money you use as a means of exchange should be free for every American to use as a currency of the United States, but it is not. Likewise the American people should decide for themselves if they wish to build a widget factory in China with their tax dollars and not some mysterious foreign bankers who then put the cost the entire venture on the ledger of the American people. Me thinks the American people would prefer to build factories and schools right here in the US of A, unless of course that includes ebbing the flow of cheap goods from the selves of Wal-Mart which may result in mass rioting.
The thought of depriving child labor and salve labor the opportunity to work on the assembly line is likely an anathema if that also includes denying Americans the right to buy a $1 tee-shirt in an American retail outlet. Like a drug dealer the Fed has you hooked on cheap goods that are perceived to be inexpensive or free at first when in realty the costs of those goods on economic and moral grounds are very high in deed. That is why it is disingenuous for people like representative Gephardt to discuss trade or employment issues without discussing the Fed. As Fed policies obtain and are predicated on Fed directed capital flows not the political speak of Mr. Gephardt.
A few years ago President Clinton and Vice President Gore took a few bold steps to reduce the debt burden on the American people. While they did not go far enough and eliminate the Fed entirely they do deserve credit for taming the debt beast. Under President Bush the Fed debt has again become so unruly that now foreign "investors" are needed to infuse hundreds of billions of dollars every month to keep the system in balance.
America has again become a debtor nation which cannot finance its own "perceived" National debt or trade. Perceived because it is actually the Feds debt not yours and they should be responsible to pay it. The American people should not accept the fact that the Fed has saddled them with the enormous trading debt of a private corporation and for printing and using the US dollar. President Bush received some criticism recently with respect to Taiwan (Formosa) warning the Island not to seek to declare independence from China via a planned referendum. The President on that call had the best interests of America and the Fed at heart.
Currently China is almost single-handedly financing the Fed's trade business buying up huge amounts of US Treasuries. That said the Chinese have made noise recently that "they" cannot continue to buy US securities at the current level or rates of return -- translation: interest rates are going up. While the Fed has been selling repurchase agreements to finance purchases of the S&P Index to prop-up the market its intervention is not sustainable. In a recent financial industry report more than eight billion dollars have been moved out of the market in a recent week meaning that individual investors are still heading in the other direction -- a dilemma for the Fed and the trade sensitive dollar. Keeping that in mind as short and long interest rates rise in 2004 the European Central Banks are likely to move in tandem to maintain their current hegemony over US markets and the dollar.
To put all this in perspective, foreign countries are currently financing US trade through their dollar purchases of US Treasuries, which not coincidently, are also "full faith and credit" instruments of the US Government meaning that in reality you the American taxpayer are financing the Fed borrowings necessary to pay the interest on US Treasuries sold to foreign countries to pay for the trade imbalances. But wait a minute the Fed is also the operating private entity which is owed the National debt and also the entity authorized to issue the very same currency which is guaranteeing foreign trade, which is used to buy US Treasuries which are denominated in the same currency you pay interest for, which supports the trade imbalance through he issuance of new currency which you pay interest on, which contributes to and also pays the interest on the National debt, and so on, and so on. We in America have become Sisyphus and as slaves to the beast continually roll an oblong rock of debt up an endless hill of interest.
Naturally when the interests of the Fed conflict with those of the US Government or the American people the interests of the Fed prevail. This is not a new concept and was likely best exemplified in October 1929 when the Fed's deliberate actions precipitated the 1929 market crash and the Great Depression through control of the money supply and capital liquidity or the lack thereof. In the years just prior to and just after the 1929 market crash the Zionist Fed's capital and gold flows headed across the Atlantic to finance Germany and its military industrial complex. The paper and notes issued by the Fed to back international commerce in Europe, Asia and South America in US dollars were called in for payment by the Bank of England, et al, which controlled the major trading hubs of that period.
The only recourse for the Fed then was to print dollars to send them overseas to pay for the debt which the American people did not create, but were then too ignorant to term. Today we have become eminently more sophisticated regardless of the fact we toil in the same manner as we are keen enough now to be able to define the phenomenon as the "trade deficit." What you may have missed is that with the stroke of the pen the American taxpayer was saddled with the Fed's foreign debt and Britannia again ruled the waves. American patriots and 1776 not withstanding the Revolutionary War was decided centuries after it was fought. This is a very old story for Biblical and Torah scholars it goes back to Christ and even before that recorded history to Kannan and Abel (a "type" of Christ, hence the name), whereas the carnage and brand of Kannan continues in the land of Kannan to this very day.
It may be time to give back to Caesar what belongs to Caesar and replace the Fed system with a new monetary system backed by something tangible say for the sweat and toil pouring off the backs of the American public. Some years ago a proposal was made by President Kennedy to again issue a currency of the United States backed by silver.
While the untimely death of our American patriot president prevented the implementation of that plan, the plan itself was limited to only the proposed "new" one dollar and two dollars bills respectively which were actually printed by the US Treasury but never brought into circulation. It has again become "necessary in the course of human events" when free men and women must issue a "new" and sovereign American silver backed currency. In fact it may be our only hope. It would certainly be a fine tribute to one of the finest presidents in our history to put President Kennedy's picture on a new sovereign currency of the United States of America -- say a new silver backed US twenty dollar bill. So that "we the people" may gain control of our own country, our own economy, our own future and our own destiny, the destruction of the Fed and its money is essential. No more inflation or deflation, no more ad hoc monetary or trade policy for the benefit of foreign interests or the interests of a private corporation and its shareholders. No more National debt or the need to raise public money in the public markets to pay the Fed interest to print our money.
Just prior to the Iraq war a plan was floated to create a hybrid dollar/euro currency exclusively for oil transactions. The plan was set forth to preclude replacement of the petro-dollar by the euro as the currency of choice for oil transactions and provide time to fix the dollar problems caused by inane Fed actions.
The plan was fanatically opposed by the foreign owners of the Zionist Fed in favor of the invasion of Iraq. Unbeknownst to many Americans, in a slap against the Zionist Fed and its American supporters, Iraq mandated that all oil sold from Iraq be priced in euros and not dollars. Remember the Fed makes a profit on every dollar in use. Notwithstanding the hyped claims of weapons of mass destruction "WMD" and other wild claims, Iraq was about oil and more importantly to the United States the pricing of oil. Remembering the infamous "domino effect" on the one hand and perceived self interests on the other, the players joined the bandwagon of perceived or common interests to topple a regime no one would miss. Each lined up for either their pound of flesh or thirteen (or 1913) pieces of silver.
Be that as it may, as for the petro-dollar it seems destined to go the way of the eight track player as the Iraq escapade does not seem able to stop that momentum or help the Fed stem the tide. The United States cannot continue to attack every country which elects to purchase or sell crude oil in euros, which one day may include OPEC, Russia and even China. Meaning that those countries would no longer find it necessary to buy US securities or keep the US dollar as a reserve currency at present levels.
The Fed strategy of clinging to the petro-dollar as an artificial basis to prop-up the dollar has not worked despite the fact that oil prices have remained near the $30 level. Not coincidently OPEC, Russia and China have been increasing their euro reserves recently. It would have been better if President Bush stayed on the constant "economy" theme as the reasons to invade Iraq. I believe that a majority of the American public would have understood and accepted that notion. He did mention it in one speech, but thereafter the WMD issue took the forefront as did vague unsubstantiated allegations of some 9/11 connection. The President received ill advice on the political approach to war using the Pearle Harbor scenario over the truth which would have been an easier sale to the American people -- the truth usually is. The errors were compounded by the notion that America not only could but was going to build a "democracy" in Iraq, thereby preventing the inevitable Islamic Iraqi government from forming, costing in excess of $150 Billion Fed Bank Notes thus far, plus accrued interest payable by the American people for the right to use the Fed bank notes to rebuild Iraq. In human terms some 500 Americans have died and more than 10,000 have been wounded, the toll on the Iraqi population has been much much higher. But all of that is just cannon fatter to the Fed.
It may have been easier and less costly to have just mandated the hybrid dollar/euro currency but much less profitable to the Fed on the one hand and less secure for the Fed's plans for Israel on the other. In the end though not much has changed for the good as the euro is still on schedule to replace the dollar in international oil transactions as pressure is growing exponentially on oil producers in economic terms with the dollar slump taking its toll and in political terms with the US occupation of Iraq growing more brutal as the US presidential election approaches. As usual the Fed was playing its own game for its own purposes with regard to Iraq. This is a point that American officials should begin to examine more closely.
US intelligence became the laughing stock of the world community and took the blame for the lies of others having been fed morsels of false intelligence from around the globe most of it created or massaged by Israel and then sent through the now defunct Office of Special Plans at Pentagon to give it the aura of respectability. The only intelligence "outfit" easier to fool was the Italian service which thought it had the Crown Jewels -- the now infamous African "yellow-cake" connection -- again a product of a special Israeli unit. Mossad would not have made that error unless perhaps deliberate. What were the Israelis doing? They were following in lockstep with the Zionist Fed community seeking their self interest with their pound of flesh being access to relatively cheap Iraqi oil. While that does not excuse their actions it does put them in the context of a bigger picture. The Fed owners are likely the single largest supporters of Israel, not Eber per say, just the idea of Israel as the hub of a new world government seated in a new satanically inspired blasphemous third Temple in Jerusalem to be governed by a Zionist Fed appointee. The Fed owners have actually donated entire structures in Israel, financed Israel's nuclear and WMD programs and built the Israeli Supreme Court complex.
The Fed's owners have no particular affection for the Jewish people, as Zionist Fed bankers financed the Nazi's on the one hand with US gold stocks and refused Germany's ovations to deport some one million German Jews into their care on the other. So why does a tiny country like Israel get so much Fed attention and have need so many nuclear weapons and its growing variety of delivery systems rivaling the old US Triad strategy? The numbers and types of WMD in the Israeli arsenal are well beyond regional deterrent needs and speaks to a much larger issue of moving away from and beyond the US protective umbrella. Israeli land based and submarine launched nuclear missiles now threaten not just Arab capitals but the United Kingdom, Europe, Russia, China and even the United States. The idea promoted by the Zionist Fed is for Israel to maintain a world nuclear deterrent capability in order to protect the proposed hub of a new satanic world government without the US.
As for the current board of Fed governors, its open market policy making committee and even Professor Greenspan most of them are good people who have accepted the current system as students and apprentices of the Fed as a fait au compli when it is not. When the next financial crisis hits the markets remember the blame for the event lies with the Fed, not your elected officials to the extent presidents and members of Congress do not govern fiscal policy and have less influence on the direction of interest rates or the National debt than you might expect. Yet their collective inaction against the Fed system is reason enough to vote them out of office. I wonder where Mr. Dean stands on the issue of the Fed? The other candidates on the Democrat ticket have already expressed their opinions through their utter silence on the Fed issue never addressing a word towards the Fed or its workings in all of their distinguished careers.
So happy birthday Fed your 90 years old baby you deserve it.
Questions & Answers
Global Credit Crunch and wider implications
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/oct08/Q&A%20Global%20Credit%20Crunch%20and%20wider%20implications.htm
10-10-08
Adnan Khan
1. What is the financial crisis termed the ‘credit crunch’? What are the potential implications of the financial crisis for the economy?
The credit crunch crisis is the term given to the crisis which led to banks to stop lending to each other creating a freeze on the financial markets, leading to the collapse of Northern Rock, as one example. There are a number of implications as various aspects of the economy are directly or indirectly linked to the crisis:
• Both the US and the Britain have witnessed debt driven growth other the last decade, this is now coming to an abrupt end.
• In Britain the economy is worth £1.3 trillion whilst consumer debt is £1.4 trillion
• The easy availability of credit drove the housing bubble, now the main engine for that - debt is running out of fuel
2. What are the main causes of the financial crisis?
There are a number of causes which caused the crisis some a result of other factors and some more important then others:
• The lending of money to high risk customers, with very little chance of them being able to meet the obligations i.e. sub-prime loans.
• Banks then turning such debt into ‘tradable commodities,’ CDO’s, MBS’s etc. i.e. debt became a product that was brought and sold.
3. Is the main problem poor homeowners in the USA who couldn’t pay their mortgages or are there more fundamental reasons in the way the financial system works?
• The financial side of the economy is now the largest sector in Western economies, this has resulted in governments giving huge concessions e.g. the non-regulation of hedge funds, tax breaks and cuts as well as bailouts.
• The ability of banks and Western governments to continually print money at will, will always create bubbles. For example the US only has $1.4 trillion in circulation, its banks have used that to create a further $11 trillion through fractional reserve banking.
• The philosophy of Capitalism of perpetual economic growth is actually unsustainable and is what causes the periodic crash, recession and crisis when people’s excesses reach boiling point.
• Capitalism believes if all people pursue their self-interests/Greed then the right things will get to the people who want them. Greed is seen as a good thing and necessary for Capitalism to work, hence predatory mortgage lending, exuberant interest rates, dodgy credit ratings all show greed.
4. What has been the response of the governments to address the crisis, is it enough and has it worked?
• Central banks around the world poured money into the markets to shore up the freezing of funds
• The British govt nationalised Northern Rock which was on the verge of collapse
• The US govt arranged the eventual sale of Bear Stearns, the 5th largest investment bank in the US when it was on the verge of collapse
• The US plans on tax rebates in September to a large chunk of the population in the hope the US economy can ‘spend its way’ out of the crisis.
• The British government cut a deal with the banking sector to the tune of £50 billion where it would swap their bad debts for government money, and then use this as collateral in lending.
Government actions have lead to the halting of complete economic collapse as was seen with Northern Rock, However with debt having driven the economies in the West in the last decade, this will have series repercussions - potentially a recession
5. Does the government bailouts not contradict non-interventionist capitalist thought and potentially accentuate the crisis through ‘Moral Hazard.’
The free market has once again been brought into question; there are many that believe the government should intervene due to market failure. Banks most certainly would not have created toxic products if they knew they would have to face the full consequences of their actions.
6. Some have suggested greater regulation and transparency will this work?
This is the standard answer after every crisis; regulation on lending was brought in after the great depression, the stock market crash of 1987 brought in more regulation. No amount of regulation can deal with something which goes down to the very belief of Capitalism - Greed
7. What lessons can we take from this crisis about how western financial markets are fundamentally flawed?
The financial markets in essence is a parallel economy, rather than work in the real world, participants gamble on what is going to happen in the real world - by betting on how businesses are performing and by betting on their profits. This is the fundamental problem with financial markets, they produce nothing real
8. The economist magazine faithfully defended western financial markets, while acknowledging the flaws in the system, by dogmatically stating ‘bubbles, excess and calamity are part of the package of western finance, and still worth it,’ Is it still worth it.
No, and this avoids any discussion on free markets, Financial markets played a miniscule role in the economic development of Britain, US, Germany, Japan and France. They are not necessary to have for the development of nations and are not part and parcel of modern life; they are part and parcel of Capitalism. Communism and Islamic history did not suffer from such crisis (or more at such regular occurrence).
9. What alternatives does Islam offer, given that the Islamic financial system is not based on interest?
• Islamic system is based on the real economy, not parallel economy
• Investment in Islam is in real goods and services not on the value of a business etc
• Finance can be raised through banks who will pool deposits, and invest them around the economy and share in the risk of ventures.
• This is actually what lead to the development of the first corporations
• State grants
10. How will Islamic companies raise finance in order to start up and grow which is important for a thriving and vibrant economy
Through state grants and loans and as stated above through banks. The economic development of the British Empire and the US was primarily thorough state intervention in key sectors of the economy, protecting those markets through tariffs and providing cheap loans and grants and monopoly rights i.e. economic development is generally always centrally driven.
1. What is the financial crisis termed the ‘credit crunch’? What are the potential implications of the financial crisis for the economy?
The credit crunch crisis is the term given to the crisis which led to banks to stop lending to each other creating a freeze on the financial markets, leading to the collapse of Northern Rock, as one example. There are a number of implications as various aspects of the economy are directly or indirectly linked to the crisis:
• Both the US and the Britain have witnessed debt driven growth other the last decade, this is now coming to an abrupt end.
• In Britain the economy is worth £1.3 trillion whilst consumer debt is £1.4 trillion
• The easy availability of credit drove the housing bubble, now the main engine for that - debt is running out of fuel
2. What are the main causes of the financial crisis?
There are a number of causes which caused the crisis some a result of other factors and some more important then others:
• The lending of money to high risk customers, with very little chance of them being able to meet the obligations i.e. sub-prime loans.
• Banks then turning such debt into ‘tradable commodities,’ CDO’s, MBS’s etc. i.e. debt became a product that was brought and sold.
3. Is the main problem poor homeowners in the USA who couldn’t pay their mortgages or are there more fundamental reasons in the way the financial system works?
• The financial side of the economy is now the largest sector in Western economies, this has resulted in governments giving huge concessions e.g. the non-regulation of hedge funds, tax breaks and cuts as well as bailouts.
• The ability of banks and Western governments to continually print money at will, will always create bubbles. For example the US only has $1.4 trillion in circulation, its banks have used that to create a further $11 trillion through fractional reserve banking.
• The philosophy of Capitalism of perpetual economic growth is actually unsustainable and is what causes the periodic crash, recession and crisis when people’s excesses reach boiling point.
• Capitalism believes if all people pursue their self-interests/Greed then the right things will get to the people who want them. Greed is seen as a good thing and necessary for Capitalism to work, hence predatory mortgage lending, exuberant interest rates, dodgy credit ratings all show greed.
4. What has been the response of the governments to address the crisis, is it enough and has it worked?
• Central banks around the world poured money into the markets to shore up the freezing of funds
• The British govt nationalised Northern Rock which was on the verge of collapse
• The US govt arranged the eventual sale of Bear Stearns, the 5th largest investment bank in the US when it was on the verge of collapse
• The US plans on tax rebates in September to a large chunk of the population in the hope the US economy can ‘spend its way’ out of the crisis.
• The British government cut a deal with the banking sector to the tune of £50 billion where it would swap their bad debts for government money, and then use this as collateral in lending.
Government actions have lead to the halting of complete economic collapse as was seen with Northern Rock, However with debt having driven the economies in the West in the last decade, this will have series repercussions - potentially a recession
5. Does the government bailouts not contradict non-interventionist capitalist thought and potentially accentuate the crisis through ‘Moral Hazard.’
The free market has once again been brought into question; there are many that believe the government should intervene due to market failure. Banks most certainly would not have created toxic products if they knew they would have to face the full consequences of their actions.
6. Some have suggested greater regulation and transparency will this work?
This is the standard answer after every crisis; regulation on lending was brought in after the great depression, the stock market crash of 1987 brought in more regulation. No amount of regulation can deal with something which goes down to the very belief of Capitalism - Greed
7. What lessons can we take from this crisis about how western financial markets are fundamentally flawed?
The financial markets in essence is a parallel economy, rather than work in the real world, participants gamble on what is going to happen in the real world - by betting on how businesses are performing and by betting on their profits. This is the fundamental problem with financial markets, they produce nothing real
8. The economist magazine faithfully defended western financial markets, while acknowledging the flaws in the system, by dogmatically stating ‘bubbles, excess and calamity are part of the package of western finance, and still worth it,’ Is it still worth it.
No, and this avoids any discussion on free markets, Financial markets played a miniscule role in the economic development of Britain, US, Germany, Japan and France. They are not necessary to have for the development of nations and are not part and parcel of modern life; they are part and parcel of Capitalism. Communism and Islamic history did not suffer from such crisis (or more at such regular occurrence).
9. What alternatives does Islam offer, given that the Islamic financial system is not based on interest?
• Islamic system is based on the real economy, not parallel economy
• Investment in Islam is in real goods and services not on the value of a business etc
• Finance can be raised through banks who will pool deposits, and invest them around the economy and share in the risk of ventures.
• This is actually what lead to the development of the first corporations
• State grants
10. How will Islamic companies raise finance in order to start up and grow which is important for a thriving and vibrant economy
Through state grants and loans and as stated above through banks. The economic development of the British Empire and the US was primarily thorough state intervention in key sectors of the economy, protecting those markets through tariffs and providing cheap loans and grants and monopoly rights i.e. economic development is generally always centrally driven.
Submitted by a Muja
Banking & federal reserve
http://www.theunjustmedia.com/Banking%20&%20Federal%20Reserve/Banking%20&%20federal%20reserve%20%20Home%20Page.htm
Banking & federal reserve
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A Brief History of Banking As time passed, the goldsmiths began to issue receipts for specific values of gold, making buying and selling easier still. The smiths' receipts thus became the first banknotes. The goldsmiths, now fledgling bankers, noticed that at any one time only a small proportion of the gold held with them was being withdrawn. So they hit upon the idea of issuing more of the receipt notes themselves, notes that did not refer to any actual deposited wealth.
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How Banks Work Why do we feel better about having our money in a bank than we do having it under a mattress? Is it just the fact that they pay interest on some of our accounts? Is it because we know that if we have the cash in our pockets we'll spend it?
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controlling the world's monetary system the bank for international settlements While the Federal Reserve is a private corporation, it is also one of the owners of the Bank for International Settlements-BIS which America helped establish in 1930.
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Proof of the Banking Conspiracy A Message from the Past Every dollar printed by a bank requires a payment of interest in return. Before the Federal Reserve printed the money, private banks were given charters to print the money - these private banks have always been paid interest.
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The Federal Reserve and the National Debt The process is repeated over and over, with "hard" assets pledged as collateral for these "loans". Thus, it starts with "no money" and ends up with houses, cars, land, silver, gold...real assets...and all it took was some ink, some paper, and the cooperation of Congress.
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The Federal Reserve is Privately owned The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison.
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The "Jewish" Conspiracy is British Imperialism The real villains are at the heart of our economic and cultural life. They are the dynastic families who own the Bank of England, the US Federal Reserve and associated cartels. They also control the World Bank and IMF.
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The united states Of America is a corporation owned by foreign interests "It was also a strategic maneuver by British and European interests (international bankers) intent on gaining a stranglehold on the coffers of America. And, because Congress knew our country was in dire financial straits, certain members of Congress cut a deal with the international bankers.
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United states of America History and international bankers history The International Banking House of Rothschild had already gained controlling influence over France and England by the early 1800's and was extending it's influence into the newly independent United States through their agents, notably Alexander Hamilton from New York.
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