Banks Start Wars
Banks Start Wars
Banks Start Wars
"The modern banking system manufactures money out of nothing. The process is
perhaps the most astounding piece of sleight of hand that was ever invented.
Banking was conceived in iniquity and was born in sin. The Bankers own the
Earth. Take it away from them, but leave them the power to create deposits, and
with the flick of a pen they will create enough deposits to buy it back again.
However, take it away from them, and all the fortunes like mine will disappear,
and they ought to disappear, for this world would be a happier and better world to
live in. But if you wish to remain slaves of the Bankers and pay for the cost of
your own slavery, let them continue to create deposits." -- Sir Josiah Stamp,
President of the Bank of England in the 1920s, the second richest man in Britain
"The Bank, its property and assets and all deposits and other funds entrusted to it
shall be immune in time of peace and in time of war from any measure such as
expropriation, requisition, seizure, confiscation, prohibition or restriction of gold
or currency export or import, and any other measure." -- Article 10, Instrument of
Foundation, Bank of International Settlements
"When the world around the IMF goes downhill, we thrive. We become extremely
active because we lend money, we earn interest and charges and all the rest of it,
and the institution does well. When the world goes well and we've had years of
growth, as was the case back in 2006 and 2007, the IMF doesn't do so well both
financially and otherwise." -- Christine Lagarde
I know many people have a great deal of difficulty comprehending just how many wars
are started for no other purpose than to force private central banks onto nations, so let me
share a few examples, so that you understand why the US Government is mired in so
many wars against so many foreign nations. There is ample precedent for this.
The United States fought the American Revolution primarily over King George III's
Currency act, which forced the colonists to conduct their business only using printed
bank notes borrowed from the Bank of England at interest.
Benjamin Franklin, acting as the colonies' representative to Britain, argued against this
move in 1763.
"You see, a legitimate government can both spend and lend money into
circulation, while banks can only lend significant amounts of their promissory
bank notes, for they can neither give away nor spend but a tiny fraction of the
money the people need. Thus, when your bankers here in England place money in
circulation, there is always a debt principal to be returned and usury to be paid.
The result is that you have always too little credit in circulation to give the
workers full employment. You do not have too many workers, you have too little
money in circulation, and that [money] which circulates all bears the endless
burden of unpayable debt and usury.....In the Colonies, we issue our own money.
It is called Colonial Scrip [interest-free, wealth-based money issued by The
Colonies 1750-1764 before Bank of England crooks made it illegal]. We issue it
in proper proportion to make the products pass easily from the producers to the
consumers. In this manner, creating ourselves our own paper money, we control
its purchasing power, and we have no interest to pay to no one."
The following year, King George III passed the Currency act which outlawed all forms of
money in the colonies, forcing them to conduct all commerce using bank notes borrowed
at interest from the Bank of England!
"The bank hath benefit of interest on all moneys which it creates out of nothing."
-- William Paterson, founder of the Bank of England in 1694
After the revolution, the new United States adopted a radically different economic system
in which the government issued its own value-based money, so that private banks like the
Bank of England were not siphoning off the wealth of the people through interest-bearing
bank notes.
"The refusal of King George 3rd to allow the colonies to operate an honest money
system, which freed the ordinary man from the clutches of the money
manipulators, was probably the prime cause of the revolution." -- Benjamin
Franklin, Founding Father
Following the revolution, the US Government actually took steps to keep the bankers out
of the new government!
"Any person holding any office or any stock in any institution in the nature of a
bank for issuing or discounting bills or notes payable to bearer or order, cannot be
a member of the House whilst he holds such office or stock." -- Third Congress of
the United States Senate, 23rd of December, 1793, signed by the President,
George Washington
Just one year after Mayer Amschel Rothschild had uttered his infamous "Let me issue
and control a nation's money and I care not who makes the laws", the bankers succeeded
in setting up a new Private Central Bank called the First Bank of the United States,
largely through the efforts of the Rothschild's chief US supporter, Alexander Hamilton.
Founded in 1791, by the end of its twenty year charter the First Bank of the United States
had almost ruined the nation's economy, while enriching the bankers. Congress refused to
renew the charter and signaled their intention to go back to a state issued value based
currency on which the people paid no interest at all to any banker. This resulted in a
threat from Nathan Mayer Rothschild against the US Government, "Either the application
for renewal of the charter is granted, or the United States will find itself involved in a
most disastrous war." Congress still refused to renew the charter for the First Bank of the
United States, whereupon Nathan Mayer Rothschild railed, "Teach those impudent
Americans a lesson! Bring them back to colonial status!" The British Prime Minister at
the time, Spencer Perceval was adamently opposed to war with the United States,
primarily because the majority of England's military might was occupied with the
ongoing Napoleonic wars. Spencer Perceval was concerned that Britain might not prevail
in a new American war, a concern shared by many in the British government. Then,
Spencer Perceval was assassinated (the only British Prime Minister to be assassinated in
office) and replaced by Robert Banks Jenkinson, the 2nd Earl of Liverpool, who was
fully supportive of a war to recapture the colonies.
"If my sons did not want wars, there would be none." -- Gutle Schnaper, wife of
Mayer Amschel Rothschild and mother of his five sons
Financed at virtually no interest by the Rothschild controlled Bank of England, Britain
then provoked the war of 1812 to recolonize the United States and force them back into
the slavery of the Bank of England, or to plunge the United States into so much debt they
would be forced to accept a new private central bank. And the plan worked. Even though
the War of 1812 was won by the United States, Congress was forced to grant a new
charter for yet another private bank issuing the public currency as loans at interest, the
Second Bank of the United States. Once again, private bankers were in control of the
nation's money supply and cared not who made the laws or how many British and
American soldiers had to die for it.
United States. I have had men watching you for a long time, and am convinced
that you have used the funds of the bank to speculate in the breadstuffs of the
country. When you won, you divided the profits amongst you, and when you lost,
you charged it to the bank. You tell me that if I take the deposits from the bank
and annul its charter I shall ruin ten thousand families. That may be true,
gentlemen, but that is your sin! Should I let you go on, you will ruin fifty
thousand families, and that would be my sin! You are a den of vipers and thieves.
I have determined to rout you out, and by the Eternal, (bringing his fist down on
the table) I will rout you out!" -- Andrew Jackson, shortly before ending the
charter of the Second Bank of the United States. From the original minutes of the
Philadelphia committee of citizens sent to meet with President Jackson (February
1834), according to Andrew Jackson and the Bank of the United States (1928) by
Stan V. Henkels
News report of Jackson shutting down the Second Bank of the United States, Geneva Gazette, October 2, 1833
Shortly after President Jackson (the only American President to actually pay off the
National Debt) ended the Second Bank of the United States, there was an attempted
assassination which failed when both pistols used by the assassin, Richard Lawrence,
failed to fire. Lawrence later said that with Jackson dead, "Money would be more plenty."
Following the loss of its charter, the Second Bank of the United States tried to operate as
a normal bank, but failed after just 5 years.
The public school system is as subservient to the bankers' wishes to keep certain history
from you, just as the corporate media is subservient to Monsanto's wishes to keep the
dangers of GMOs from you, and the global warming cult's wishes to conceal from you
that the Earth has actually been cooling for the last 16 years. Thus is should come as little
surprise that much of the real reasons for the events of the Civil War are not well known
When the Confederacy seceded from the United States, the bankers once again saw the
opportunity for a rich harvest of debt, and offered to fund Lincoln's efforts to bring the
south back into the union, but at 30% interest. Lincoln remarked that he would not free
the black man by enslaving the white man to the bankers and using his authority as
President, issued a new government currency, the greenback. This was a direct threat to
the wealth and power of the central bankers, who quickly responded.
"If this mischievous financial policy, which has its origin in North America, shall
become endurated down to a fixture, then that Government will furnish its own
money without cost. It will pay off debts and be without debt. It will have all the
money necessary to carry on its commerce. It will become prosperous without
precedent in the history of the world. The brains, and wealth of all countries will
go to North America. That country must be destroyed or it will destroy every
monarchy on the globe." -- The London Times responding to Lincoln's decision to
issue government Greenbacks to finance the Civil War, rather than agree to
private banker's loans at 30% interest.
In 1872 New York bankers sent a letter to every bank in the United States, urging them to
fund newspapers that opposed government-issued money (Lincoln's greenbacks).
"Dear Sir: It is advisable to do all in your power to sustain such prominent daily
and weekly newspapers... as will oppose the issuing of greenback paper money,
and that you also withhold patronage or favors from all applicants who are not
willing to oppose the Government issue of money. Let the Government issue the
coin and the banks issue the paper money of the country... [T]o restore to
circulation the Government issue of money, will be to provide the people with
money, and will therefore seriously affect your individual profit as bankers and
lenders." -- Triumphant plutocracy; the story of American public life from 1870 to
1920, by Lynn Wheeler
"It will not do to allow the greenback, as it is called, to circulate as money any
length of time, as we cannot control that." -- Triumphant plutocracy; the story of
American public life from 1870 to 1920, by Lynn Wheeler
"Slavery is likely to be abolished by the war power, and chattel slavery destroyed.
This, I and my European friends are in favor of, for slavery is but the owning of
labor and carries with it the care for the laborer, while the European plan, led on
by England, is for capital to control labor by controlling the wages. THIS CAN
BE DONE BY CONTROLLING THE MONEY." -- Triumphant plutocracy; the
story of American public life from 1870 to 1920, by Lynn Wheeler
Goaded by the private bankers, much of Europe supported the Confederacy against the
Union, with the expectation that victory over Lincoln would mean the end of the
Greenback. France and Britain considered an outright attack on the United States to aid
the confederacy, but were held at bay by Russia, which had just ended the serfdom
system and had a state central bank similar to the system the United States had been
founded on.
Tsar Alexander II of Russia, who prevented France and Britain from invading the US during the civil war.
Left free of European intervention, the Union won the war, and Lincoln announced his
intention to go on issuing greenbacks. Following Lincoln's assassination, the Greenbacks
were pulled from circulation and the American people forced to go back to an economy
based on bank notes borrowed at interest from the private bankers. Tsar Alexander II,
who authorized Russian military assistance to Lincoln, was subsequently the victim of
multiple attempts on his life in 1866, 1879, and 1880, until his assassination in 1881.
money and was manipulated during the term of President Ruthford B. Hayes into
borrowing from the Rothschilds banking system in 1878, restoring to the Rothschilds
control of the US economy they had lost under Andrew Jackson.
Messrs. Rothschild & Sons to Mr. Sherman.
[Cable message.]
April 12,1878.
Hon. John Sherman,
Secretary of the Treasury, Washington D. C.:
Very pleased we have entered into relations again with American Government.
Shall do our best to make the business successful.
ROTHSCHILDS.
Garfield was shot on July 2, 1881 and died of his wounds several weeks later. Chester A.
McKinley was shot by an out-of-work anarchist on September 14, 1901, in Buffalo, NY,
succumbing to his wounds a few days later. He was suceeded in office by Theodore
Roosevelt.
The Third Bank of the United States, aka The Federal Reserve
Following the defeat of the Aldrich Plan, in 1913, the Private Central Bankers of Europe,
in particular the Rothschilds of Great Britain and the Warburgs of Germany, met with
their American financial collaborators once again on Jekyll Island, Georgia to form a new
banking cartel with the express purpose of forcing the United States to accept a private
central bank, with the aim of placing complete control of the United States money supply
once again under the control of private bankers. Owing to hostility over the previous
banks, the name was changed from the Third Bank of the United States to "The Federal
Reserve" system in order to grant the new bank a quasi-governmental image, but in fact it
is a privately owned bank, no more "Federal" than Federal Express.
In the following video, former Chairman of the FED Allan Greenspan admits the Federal
Reserve is a private bank and answers to no government authority.
The Federal Reserve is also exempt from all taxation, except property tax.
In 2012, the Federal Reserve attempted to rebuff a Freedom of Information Lawsuit by
Bloomberg News on the grounds that as a private banking corporation and not actually a
part of the government, the Freedom of Information Act did not apply to the "trade
secret" operations of the Federal Reserve.
"When you or I write a check, there must be sufficient funds in our account to
cover the check; but when the Federal Reserve writes a check, there is no bank
deposit on which that check is drawn. When the Federal Reserve writes a check, it
is creating money." -- From the Boston Federal Reserve Bank pamphlet, "Putting
it Simply."
"Neither paper currency nor deposits have value as commodities. Intrinsically, a
'dollar' bill is just a piece of paper. Deposits are merely book entries." -- "Modern
Money Mechanics Workbook" - Federal Reserve of Chicago, 1975
"I am afraid the ordinary citizen will not like to be told that the banks can and do
create money. And they who control the credit of the nation direct the policy of
Governments and hold in the hollow of their hand the destiny of the people." -Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in
1924
"States, most especially the large hegemonic ones, such as the United States and
Great Britain, are controlled by the international central banking system, working
through secret agreements at the Bank for International Settlements (BIS), and
operating through national central banks (such as the Bank of England and the
Federal Reserve)... The same international banking cartel that controls the United
States today previously controlled Great Britain and held it up as the international
hegemon. When the British order faded, and was replaced by the United States,
the US ran the global economy. However, the same interests are served. States
will be used and discarded at will by the international banking cartel; they are
simply tools." -- Andrew Gavin Marshall
the Constitution explicitly vests Congress with the authority to issue the public currency,
does not authorize its delegation, and thus should have required a new Amendment to
transfer that authority to a private bank. But pass it Congress did, and President Woodrow
Wilson signed it as he promised the bankers he would in exchange for generous
campaign contributions.
News report of Wilson's signing the Federal Reserve Act. Under the Constitution, only a new Amendment could
transfer the government's authority to create the currency to a private party.
President Woodrow Wilson
Thomas Edison
Thomas Edison, arguably the most brilliant man of the age, was also well aware of the
fraud of private central banks.
Thomas Edison
"People who will not turn a shovel full of dirt on the project nor contribute a
pound of material, will collect more money from the United States than will the
People who supply all the material and do all the work. This is the terrible thing
about interest ...But here is the point: If the Nation can issue a dollar bond it can
issue a dollar bill. The element that makes the bond good makes the bill good
also. The difference between the bond and the bill is that the bond lets the money
broker collect twice the amount of the bond and an additional 20%. Whereas the
currency, the honest sort provided by the Constitution pays nobody but those who
contribute in some useful way. It is absurd to say our Country can issue bonds and
cannot issue currency. Both are promises to pay, but one fattens the usurer and the
other helps the People. If the currency issued by the People were no good, then
the bonds would be no good, either. It is a terrible situation when the Government,
to insure the National Wealth, must go in debt and submit to ruinous interest
charges at the hands of men who control the fictitious value of gold.
"Look at it another way. If the Government issues bonds, the brokers will sell
them. The bonds will be negotiable; they will be considered as gilt edged paper.
Why? Because the government is behind them, but who is behind the
Government? The people. Therefore it is the people who constitute the basis of
Government credit. Why then cannot the people have the benefit of their own gilt-
Although the war started between Austria-Hungary and Serbia , it quickly shifted to focus
on Germany, whose industrial capacity was seen as an economic threat to Great Britain,
who saw the decline of the British Pound as a result of too much emphasis on financial
activity to the neglect of agriculture, industrial development, and infrastructure (not
unlike the present day United States). Although pre-war Germany had a private central
bank, it was heavily restricted and inflation kept to reasonable levels. Under government
control, investment was guaranteed to internal economic development, and Germany was
seen as a major power. So, in the media of the day, Germany was portrayed as the prime
opponent of World War One, and not just defeated, but its industrial base flattened.
Following the Treaty of Versailles, Germany was ordered to pay the war costs of all the
participating nations, even though Germany had not actually started the war. This
amounted to three times the value of all of Germany itself. Germany's private central
bank, to whom Germany had gone deeply into debt to pay the costs of the war, broke free
of government control, and massive inflation followed (mostly triggered by currency
speculators) , permanently trapping the German people in endless debt.
WW2
When the Weimar Republic collapsed economically, it opened the door for the National
Socialists to take power. Their first financial move was to issue their own state currency
which was not borrowed from private central bankers. Freed from having to pay interest
on the money in circulation, Germany blossomed and quickly began to rebuild its
industry. The media called it "The German Miracle". TIME magazine lionized Hitler for
the amazing improvement in life for the German people and the explosion of German
industry, and even named him TIME Magazine's Man Of The Year in 1938.
Once again, Germany's industrial output became a threat to Great Britain.
"Should Germany merchandise (do business) again in the next 50 years we have
led this war (WW1) in vain." - Winston Churchill in The Times (1919)
"We will force this war upon Hitler, if he wants it or not." - Winston Churchill
(1936 broadcast)
"Germany becomes too powerful. We have to crush it." - Winston Churchill
(November 1936 speaking to US - General Robert E. Wood)
"This war is an English war and its goal is the destruction of Germany." Winston Churchill (- Autumn 1939 broadcast)
"Not the political doctrine of Hitler has hurled us into this war. The reason was the
success of his increase in building a new economy. The roots of war were envy,
greed and fear." -- Major General J.F.C. Fuller, historian, England
Germany's state-issued value based currency was also a direct threat to the wealth and
power of the private central banks, and as early as 1933 they started to organize a global
boycott against Germany to strangle this upstart ruler who thought he could break free of
private central bankers!
As had been the case in World War One, Great Britain and other nations threatened by
Germany's economic power looked for an excuse to go to war, and as public anger in
Germany grew over the boycott, Hitler foolishly gave them that excuse. Years later, in a
spirit of candor, the real reasons for that war were made clear.
"The war wasn't only about abolishing fascism, but to conquer sales markets. We
could have, if we had intended so, prevented this war from breaking out without
doing one shot, but we didn't want to."- Winston Churchill to Truman (Fultun,
USA March 1946)
"Germany's unforgivable crime before WW2 was its attempt to loosen its
economy out of the world trade system and to build up an independent exchange
system from which the world-finance couldn't profit anymore. ...We butchered the
wrong pig." -Winston Churchill (The Second World War - Bern, 1960)
Smedley Butler
Marine Corps Major General Smedly Butler.
As a side note, we need to step back before WW2 and recall Marine Major General
Smedley Butler. In 1933, Wall Street bankers and financiers had bankrolled the successful
coups by both Hitler and Mussolini. Brown Brothers Harriman in New York was
financing Hitler right up to the day war was declared with Germany.
Albeft Einstein was of the opinion that the late entry of the US into the war against
Germany was because the US was controlled by bankers who were making money off of
Hitler.
The Wall Street bankers decided that a fascist dictatorship in the United States based on
the one on Italy would be far better for their business interests than Roosevelt's "New
Deal" which threatened massive wealth re-distribution to recapitalize the working and
middle class of America. So the Wall Street tycoons recruited General Butler to lead the
overthrow of the US Government and install a "Secretary of General Affairs" who would
be answerable to Wall Street and not the people, would crush social unrest and shut down
all labor unions. General Butler pretended to go along with the scheme but then exposed
the plot to Congress. Congress, then as now in the pocket of the Wall Street bankers,
refused to act. When Roosevelt learned of the planned coup he demanded the arrest of the
plotters, but the plotters simply reminded Roosevelt that if any one of them were sent to
prison, their friends on Wall Street would deliberatly collapse the still-fragile economy
and blame Roosevelt for it. Roosevelt was thus unable to act until the start of WW2, at
which time he prosecuted many of the plotters under the Trading With The Enemy act.
The Congressional minutes into the coup were finally declassified in 1967, but rumors of
the attempted coup became the inspiration for the movie, "Seven Days in May" but with
the true financial villains erased from the script.
"I spent 33 years and four months in active military service as a member of our
country's most agile military force -- the Marine Corps. I served in all
commissioned ranks from second lieutenant to Major General. And during that
period I spent more of my time being a high--class muscle man for Big Business,
for Wall Street and for the bankers. In short, I was a racketeer, a gangster for
capitalism. "I suspected I was just a part of a racket at the time. Now I am sure of
it. Like all members of the military profession I never had an original thought
until I left the service. My mental faculties remained in suspended animation
while I obeyed the orders of the higher-ups. This is typical with everyone in the
military service. Thus I helped make Mexico and especially Tampico safe for
American oil interests in 1914. I helped make Haiti and Cuba a decent place for
the National City Bank boys to collect revenues in. I helped in the raping of half a
dozen Central American republics for the benefit of Wall Street. The record of
racketeering is long. I helped purify Nicaragua for the international banking house
of Brown Brothers in 1909-12. I brought light to the Dominican Republic for
American sugar interests in 1916. In China in 1927 I helped see to it that the
Standard Oil went its way unmolested. During those years, I had, as the boys in
the back room would say, a swell racket. I was rewarded with honors, medals and
promotion. Looking back on it, I feel I might have given Al Capone a few hints.
The best he could do was to operate his racket in three city districts. I operated on
three continents." -- General Smedley Butler, former US Marine Corps
Commandant,1935
Louis T. McFadden
Louis T. McFadden
Louis T. McFadden was a member of the House of Representatives in the twenties and
thirties. He was the chair of the House Banking and Currency Committee during the
twenties. He used his position in Congress occasionally to crusade against the Federal
Reserve.
"Mr. Chairman, we have in this country one of the most corrupt institutions the
world has ever known. I refer to the Federal Reserve Board and the Federal
reserve banks. The Federal Reserve Board, a Government board, has cheated the
Government of the United States out of enough money to pay the national debt.
The depredations and the iniquities of the Federal Reserve Board and the Federal
reserve banks acting together have cost this country enough money to pay the
national debt several times over. This evil institution has impoverished and ruined
the people of the United States; has bankrupted itself, and has practically
bankrupted our Government. It has done this through defects of the law under
which it operates, through the maladministration of that law by the Federal
Reserve Board and through the corrupt practices of the moneyed vultures who
control it." -- Louis T. McFadden, June 10, 1932
At one point McFadden started impeachment proceedings against the entire board of the
federal reserve. Not too surprisingly, there were three attempts on McFadden's life, one
shooting and two poisonings, the second of which was cuccessful. Although still
officially declared as heart failure, newspapers of the time reported ...
"Now that this sterling American patriot has made the Passing, it can be revealed
that not long after his public utterance against the encroaching powers of Judah, it
became known among his intimates that he had suffered two attacks against his
life. The first attack came in the form of two revolver shots fired at him from
ambush as he was alighting from a cab in front of one of the Capital hotels.
Fortunately both shots missed him, the bullets burying themselves in the structure
of the cab.
"He became violently ill after partaking of food at a political banquet at
Washington. His life was only saved from what was subsequently announced as a
poisoning by the presence of a physician friend at the banquet, who at once
procured a stomach pump and subjected the Congressman to emergency
treatment."
John J. McCloy, President of the Chase Manhattan Bank, and President of the World
Bank, was named to the Warren Commission, presumably to make certain the banking
dimensions behind the assassination were concealed from the public. Kennedy's E.O.
11110 has never been repealed and is still in effect, although no modern President dares
to use it. Almost all of the current national debt has been created since 1963.
As we enter the eleventh year of what future history will most certainly describe as World
War Three, we need to examine the financial dimensions behind the wars.
Towards the end of World War Two, when it became obvious that the allies were going to
win and dictate the post war environment, the major world economic powers met at
Bretton Woods, a luxury resort in New Hampshire in July of 1944, and hammered out the
Bretton Woods agreement for international finance. The British Pound lost its position as
the global trade and reserve currency to the US dollar (part of the price demanded by
Roosevelt in exchange for the US entry into the war). Absent the economic advantages of
being the world's "go-to" currency, Britain was forced to nationalize the Bank of England
in 1946. The Bretton Woods agreement, ratified in 1945, in addition to making the dollar
the global reserve and trade currency, obligated the signatory nations to tie their
currencies to the dollar. The nations that ratified Bretton Woods did so on two conditions.
The first was that the Federal Reserve would refrain from over-printing the dollar as a
means to loot real products and produce from other nations in exchange for ink and
paper; basically an imperial tax. That assurance was backed up by the second
requirement, which was that the US dollar would always be convertible to gold at $35 per
ounce.
The Bretton Woods resort, New Hampshire
The Federal Reserve, being a private bank and not answerable to the US Government, did
start overprinting paper dollars, and much of the perceived prosperity of the 1950s and
1960s was the result of foreign nations' obligations to accept the paper notes as being
worth gold at the rate of $35 an ounce. Then in 1970, France looked at the huge pile of
paper notes sitting in their vaults, for which real French products like wine and cheese
had been traded, and notified the United States government that they would exercise their
option under Bretton Woods to return the paper notes for gold at the $35 per ounce
exchange rate. The United States had nowhere near the gold to redeem the paper notes.
By 1966, the IMF estimated foreign central banks held $14 billion U.S. dollars, however
the United States had only $3.2 billion in gold to redeem those paper notes! So on August
15th, 1971, Richard Nixon "temporarily" suspended the gold convertibility of the US
Federal Reserve Notes.
Nixon announces the end of gold convertability
Later termed the "Nixon shock", this move effectively ended Bretton Woods and many
global currencies started to delink from the US dollar.
Worse, since the United States had collateralized their loans with the nation's gold
reserves, it quickly became apparent that the US Government did not in fact have enough
gold to cover the outstanding debts. Foreign nations began to get very nervous about their
loans to the US and understandably were reluctant to loan any additional money to the
United States without some form of collateral. So Richard Nixon started the
environmental movement, with the EPA and its various programs such as "wilderness
zones", Roadless areas", Heritage rivers", "Wetlands", all of which took vast areas of
public lands and made them off limits to the American people who were technically the
owners of those lands. But Nixon had little concern for the environment and the real
purpose of this land grab under the guise of the environment was to pledge those pristine
lands and their vast mineral resources as collateral on the national debt. The plethora of
different programs was simply to conceal the true scale of how much American land was
being pledged to foreign lenders as collateral on the government's debts; eventually
almost 25% of the nation itself. All of this is illegal as the Enclave Clause of the
Constitution limits the Federal Government to owning the land under Federal
Government buildings and military bases, and that Enclave Clause was written into the
Constitution by the Founding Fathers specifically to prevent the Federal Government
simply seizing the land belonging to the people to sell off, pledge as collateral, or rent!
With open lands for collateral already in short supply, the US Government embarked on a
new program to shore up sagging international demand for the dollar. The United States
approached the world's oil producing nations, mostly in the Middle East, and offered
them a deal. In exchange for only selling their oil for dollars, the United States would
guarantee the military safety of those oil-rich nations. The oil rich nations would agree to
spend and invest their US paper dollars inside the United States, in particular in US
Treasury Bonds, redeemable through the slave labor of future generations of US
taxpayers. The concept was labeled the "petrodollar". In effect, the US, no longer able to
back the dollar with gold, was now backing it with oil. Other peoples' oil. And that
necessity to keep control over those oil nations to prop up the dollar has shaped America's
foreign policy in the region ever since.
But as America's manufacturing and agriculture has declined, the oil producing nations
faced a dilemma. Those piles of US Federal Reserve notes were not able to purchase
much from the United States because the United States had little (other than real estate)
anyone wanted to buy. Europe's cars and aircraft were superior and less costly, while
experiments with GMO food crops led to nations refusing to buy US food exports.
Israel's constant belligerence against its neighbors caused them to wonder if the US could
actually keep their end of the petrodollar arrangement. Oil producing nations started to
talk of selling their oil for whatever currency the purchasers chose to use.
Iraq, already hostile to the United States following Desert Storm, demanded the right to
sell their oil for Euros in 2000 and in 2002, the United Nations agreed to allow it under
the "Oil for food" program instituted following Desert Storm. One year later the United
States re-invaded Iraq under the lie of Saddam's nuclear weapons, lynched Saddam
Hussein, and placed Iraq's oil back on the world market only for US dollars.
The clear US policy shift following 9-11, away from being an impartial broker of peace
in the Mideast to one of unquestioned support for Israel's aggressions only further eroded
confidence in the Petrodollar deal and even more oil producing nations started openly
talking of oil trade for other global currencies.
Over in Libya, Muammar Gaddafi had instituted a state-owned central bank and a value
based trade currency, the Gold Dinar.
Gaddafi announced that Libya's oil was for sale, but only for the Gold Dinar. Other
African nations, seeing the rise of the Gold Dinar and the Euro, even as the US dollar
continued its inflation-driven decline, flocked to the new Libyan currency for trade. This
move had the potential to seriously undermine the global hegemony of the dollar. French
President Nicolas Sarkozy reportedly went so far as to call Libya a threat to the
financial security of the world. So, the United States invaded Libya, brutally murdered
Qaddafi ( the object lesson of Saddam's lynching not being enough of a message,
apparently), imposed a private central bank, and returned Libya's oil output to dollars
only. The gold that was to have been made into the Gold Dinars, 144 tons of it, is as of
last report, unaccounted for.
UPDATE: Emails surfacing as part of the investigation into Hilary Clinton's use of a
private email server for classified information CONFIRM that the real reason for the US
invasion of Libya was to destroy the threat of the Gold Dinar becoming a pan-African
currency, displacing the dollar!
General Wesley Clark blows the whistle on US plans to conquer the oil-rich Middle East
According to General Wesley Clark, the master plan for the "dollarification" of the
world's oil nations included seven targets, Iraq, Syria, Lebanon, Libya, Somalia, Sudan,
and Iran (Venezuela, which dared to sell their oil to China for the Yuan, is a late addition).
What is notable about the original seven nations originally targeted by the US is that none
of them are members of the Bank for International Settlements, the private central
bankers private central bank, located in Switzerland. This meant that these nations were
deciding for themselves how to run their nations' economies, rather than submit to the
international private banks.
UPDATE: Emails from Secretary of State Hillary Clinton released as part of the
Benghazi investigation confirm that the true motive for the attack on Libya was to control
the Libyan oil reserves and to destroy Libya's gold-backed currency.
Now the bankers' gun sights are on Iran, which dares to have a government central bank
and sell their oil for whatever currency they choose. The war agenda is, as always, to
force Iran's oil to be sold only for US dollars and to force them to accept a privately
owned central bank. Malaysia, one of the few remaining nations without a Rothschild
central bank, is now being invaded by a force claimed to be "Al Qaeda" and has suffered
numerous suspicious losses of its commercial passenger jets.
With the death of President Hugo Chavez, plans to impose a US and banker friendly
regime on Venezuela are clearly being implemented.
So, just where is the gold? The German government recently asked for the return of
some of their gold bullion from the Bank of France and the New York Federal Reserve.
France has said it will take 5 years to return Germany's gold. The United States has said
they will need 8 years to return Germany's gold. This suggests strongly that the Bank of
France and the NY Federal Reserve have used the deposited gold for other purposes,
most likely to cover gold futures contracts used to artificially suppress the price of gold to
keep investors in the equities markets, and the Central Banks are scrambling to find new
gold to cover the shortfall and prevent a gold run. So it is inevitable that suddenly France
invades Mali, ostensibly to combat Al Qaeda, with the US joining in. Mali just happens to
be one of the world's largest gold producers with gold accounting for 80% of Mali
exports. War for the bankers does not get more obvious than that!
Mexico has demanded a physical audit of their gold bullion stored at the Bank of
England, and along with Venezuela's vast oil reserves (larger than Saudi Arabia),
Venezuela's gold mines are a prize lusted after by all the Central Banks that played fast
and loose with other peoples' gold bullion. So we can expect regime change if not
outright invasion soon.
Can a bank foreclose on your house if they have provided nothing of real
value in the mortgage?
A little remembered footnote in banking history occurred in December 1968. A bank was
moving to foreclose on a house, and the homeowner decided to fight the foreclosure in
court, arguing that contract law requires two contracting parties to agree to swap two
items of value, legally called the "consideration." In the case of First National Bank of
Montgomery vs. Jerome Daly, Daly argued that since the bank simply wrote a number in
a ledger to create the loaned money out of think air, there was no real value and therefore
no legally binding consideration. The lawyers for the bank admitted that this is how the
bank works. They create money out of thin air as a ledger or computer entry, which you
must repay with your labor. And there was no law in 1968 that specifically gave banks
the legal right to do that. Daly argued that because there was no equal consideration, the
mortgage was null and void and the attempt to foreclose invalid. The jury agreed! So did
Judge Mahoney, who resisted demands to over-rule the jury in favor of the bank, and
wrote a simple streightforward decision that stated that there was no question that the
mortgage contract was void because the claim that the bank simply made up the money
out of thin air was not disputed by the bank itself.
Judge Mahoney was murdered with poison less than six months later, and the lawyer
representing Daly was debarred. The decision in favor of Daly was then nullified on
procedural grounds and the entire matter forgotten!
So off to war your children must go, to spill their blood for the money-junkies' gold. We
barely survived the last two world wars. In the nuclear/bioweapon age, are the private
central bankers willing to risk incinerating the whole planet just to feed their greed?
Apparently so.
This brings us to the current situation in the Ukraine, Russia, and China.
The European Union had been courting the government of the Ukraine to merge with the
EU, and more to the point, entangle their economy with the private-owned European
Central Bank. The government of the Ukraine was considering the move, but had made
no commitments. Part of their concern lay with the conditions in other EU nations
enslaved to the ECB, notably Cyprus, Greece, Spain, and Italy. So they were properly
cautious. Then Russia stepped in with a better deal and the Ukraine, exercising the basic
choice all consumers have to choose the best product at the best price, dropped the EU
and announced they were going to go with Russia's offer. It was at that point that agents
provocateurs flooded into the Ukraine, covertly funded by intelligence agency fronts like
CANVAS and USAID, stirring up trouble, while the western media proclaimed this was a
popular revolution. Snipers shot at people and this violence was blamed on thenPresident Yanukovich. However a leaked recording of a phone call between the EU's
Catherine Ashton and Estonia's Foreign Minister Urmas Paet confirmed the snipers were
working for the overthrow plotters, not the Ukrainian government. Urmas Paet has
confirmed the authenticity of that phone call.
This is a classic pattern of covert overthrow we have seen many times before. Since the
end of WW2, the US has covertly tried to overthrow the governments of 56 nations,
succeeding 25 times. Examples include the 1953 overthrow of Iran's elected government
of Mohammed Mossadegh and the imposition of the Shah, the 1973 overthrow of Chile's
elected government of Salvador Allende and the imposition of the Pinochet dictatorship,
and of course, the current overthrow of Ukraine's elected government of Yanukovich and
the imposition of the current unelected government, which is already gutting the
Ukraine's wealth to hand to the western bankers.
Brazil, Russia, India, China, and South Africa have formed a parallel financial system
called BRICS, scheduled to officially launch on January 1, 2015. As of this writing some
80 nations are ready to trade with BRICS in transactions that do not involve the US
dollar. Despite US economic warfare against both Russia and China, the Ruble and Yuan
are seen as more attractive for international trade and banking than the US dollar, hence
the US attempt to fan the Ukraine crisis into war with Russia, and attempts to provoke
North Korea as a back door to war with China.
Flag waving and propaganda aside, all modern wars are wars by and for the private
bankers, fought and bled for by third parties unaware of the true reason they are expected
to gracefully be killed and crippled for. The process is quite simple. As soon as the
Private Central Bank issues its currency as a loan at interest, the public is forced deeper
and deeper into debt. When the people are reluctant to borrow any more, that is when the
Keynesian economists demand the government borrow more to keep the pyramid scheme
working. When both the people and government refuse to borrow any more, that is when
wars are started, to plunge everyone even deeper into debt to pay for the war, then after
the war to borrow more to rebuild. When the war is over, the people have about the same
as they did before the war, except the graveyards are far larger and everyone is in debt to
the private bankers for the next century. This is why Brown Brothers Harriman in New
York was funding the rise of Adolf Hitler.
As long as Private Central Banks are allowed to exist, inevitably as the night follows day
there will be poverty, hopelessness, and millions of deaths in endless World Wars, until
the Earth itself is sacrificed in flames to Mammon.
The path to true peace on Earth lies in the abolishment of all private central banking
everywhere, and a return to the state-issued value-based currencies that allow nations and
people to become prosperous.
"Banks do not have an obligation to promote the public good." -- Alexander
Dielius, CEO, Germany, Austrian, Eastern Europe Goldman Sachs, 2010
"I am just a banker doing God's work." -- Lloyd Blankfein, CEO, Goldman Sachs,
2009