HISTORY OF MONEY II

 


 

The 19th century the Rothschild's controlled half of the world's wealth.
That the Rothschild's had not only taken over the Bank of England

In 1816 they backed a new privately owned Central Bank in America

 


ANDREW JACKSON

 

 

The American congress voted to renew the charter of The Second Bank of The U S.

Jackson responded by using his veto to prevent the renewal bill from passing

 

Andrew Jackson = "It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners... is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country?... Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence... would be more formidable and dangerous than a military power of the enemy."


Nicholas Biddle (Head of Second Banks)

Threatened with the intention of the bank if the bank was not re-chartered

 

Nicholas Biddle = "Nothing but widespread suffering will produce any effect on Congress... Our only safety is in pursuing a steady course of firm restriction - and I have no doubt that such a course will ultimately lead to restoration of the currency and the re-charter of the bank."


By calling in existing loans and refusing to issue new loans he did cause a depression

In 1836 when the charter ran out, the Second Bank ceased to function. After this

 

Andrew Jackson said = "The Bank is trying to kill me - but I will kill it!" and later "If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning..."

 


ABRAHAM LINCOLN


 

Otto von Bismark chancellor of Germany 1876
"The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the US, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the world."
 
Predictably Lincoln, needing money to finance his war effort

He & Secretary of the Treasury went to New York to apply for the loans

The money changers wishing the Union to fail offered loans at 24% to 36%

Lincoln declined the offer


Colonel Dick Taylor of Chicago was put in charge of finding a solution

Colonel Dick Taylor = "Just get Congress to pass a bill authorising the printing of full legal tender treasury notes... and pay your soldiers with them and go ahead and win your war with them also."
 
Lincoln = will the people accept the notes

Colonel Dick Taylor = "The people or anyone else will not have any choice in the matter, if you make them full legal tender. They will have the full sanction of the government and be just as good as any money; as Congress is given that express right by the Constitution."
 
Lincoln printed 450 million dollars with green ink on the back to distinguish them


The solution worked so well Lincoln was considering making the measure permanent

1863, Lincoln needed a little more money to win the war

 

Knowing Lincoln could not get the congressional authority to issue more greenbacks

 

The Bankers proposed the passing of the National Bank Act. The act went through.

From this point on the entire US money supply would be created out of debt

 

U.S. economy has been based on government debt since 1864 & is locked in this system.

 

Talk of paying off the debt without first reforming the banking system is an impossibility

Turns out the Tsar of Russia, Alexander II, was well aware of the money changers scam.

 

The Tsar was refusing to allow them to set up a central bank in Russia.

The Tsar declared that if France or Britain help the South, Russia would consider it war

 

Britain and France would instead wait in vain to have the wealth of the colonies returned

 

While they waited Lincoln won the civil war.

Election coming next year, Lincoln waited for support to reverse the National Bank Act
 


Return to the Gold Standard (1866 - 1881)


 

April 1866, congress passed the Contraction Act, retiring some of Lincoln's greenbacks

 

With only the banks to gain from this, it's not hard to work out the source of this action

the Bankers used the control they had to cause economic instability and panic the people
By calling in loans & refusing new ones (proven method of causing depression)

They then spread the word through the media they largely controlled

 

That the lack of a single gold standard was the cause of the hardship

 

while all this time using the Contraction Act to lower the amount of money in circulation

 Contraction


$1.8 billion in circulation in 1866 allowing $50.46 per person
to $1.3 billion in 1867 allowing $44.00 per person,
to $0.6 billion in 1876 allowing only $14.60 per person and down
to $0.4 billion only ten years later leaving only $6.67 per person

 

(Through the entire period the population continued its rapid growth)

1872 the public was feeling the squeeze, so the Bank of England, sent Ernest Seyd

 

Seyd bribed congress into passing the Coinage Act which he drafted himself

 

Ernest Seyd = "I went to America in the winter of 1872-73, authorized to secure, if I could, the passage of a bill demonetizing silver. It was in the interest of those I represented - the governors of the Bank of England - to have it done. By 1873, gold coins were the only form of coin money."
 
 President James Garfield 1881 ="Whosoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

Within weeks of this statement Garfield was assassinated

 Fleecing the flock = Bankers term for the process of booms and depressions

(make it possible for them to repossess property at a fraction of its worth)

 

International Bankers = "On Sept 1st, 1894, we will not renew our loans under any consideration. On Sept 1st we will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at our own price... Then the farmers will become tenants as in England..."
 


J.P. Morgan and the Crash of 1907

 


The stock market slump caused most of the over extended banks to falter

In steps J.P. Morgan offering to save the day. Morgan was authorized to print $200 million from nothing, which he then used to help the economy

Some of the troubled banks with less than 1% in reserve had no choice

It was accept this solution or go under

Even if they figured out the ones helping them where also the cause their problems

There is not a lot they could have done about it.

J.P. Morgan was hailed a hero.  

This instability served to encourage the public to want Central Bank and a Gold Standard

Federal Reserve Headquarters in Wash. D.C.
It is not Federal and it has no reserves. The name is a deception designed to give this private bank the appearance of a Government Agency, in fact it is run solely to gain private profit for its select stock holders.

 

Slickest moves in financial history
On 23rd December 1913 the house of representatives had past the Federal Reserve Act, but it was still having difficulty getting it out of the senate. Most members of congress had gone home for the holidays, but unfortunately the senate had not adjourned, so they were technically still in session. There were only three members still present. Lead by Congressmen Nelson Aldrich (Grandfather of the Rockefellers) On a unanimous consent voice vote the 1913 Federal Reserve Act was passed. No objection was made, because there was no one there to object.
 


WAR = MONEY


 

War uses up more materials more quickly than most anything else on earth

There it was, the newly formed Federal Reserve

 

Poised to produce money the U.S. Government might need from thin air (healthy interest)
 

Now all the bankers need is a war, a World War

 

After the war every modern country will be run into unimaginable debt

 

 

Continues: in History of Money III

 

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