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    1929 - The Crash Explained

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    frederic9866
    The document summarizes events leading up to and during the Great Depression of 1929. It states that international bankers, including Paul Warburg and the Rothschild family, had advance warning of the crash and moved their assets out of the stock market. It then describes how the Federal Reserve contracted the money supply, leading banks to call in loans and forcing the dumping of stocks, which caused the market crash. The crash consolidated even more wealth into fewer hands as planned, with some like Joseph Kennedy increasing their wealth tremendously. The document alleges this was done intentionally to transfer money out of many hands and into a few for the benefit of the bankers.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    1929 - The Crash Explained

    Uploaded by

    frederic9866
    215 views3 pages
    The document summarizes events leading up to and during the Great Depression of 1929. It states that international bankers, including Paul Warburg and the Rothschild family, had advance warning of the crash and moved their assets out of the stock market. It then describes how the Federal Reserve contracted the money supply, leading banks to call in loans and forcing the dumping of stocks, which caused the market crash. The crash consolidated even more wealth into fewer hands as planned, with some like Joseph Kennedy increasing their wealth tremendously. The document alleges this was done intentionally to transfer money out of many hands and into a few for the benefit of the bankers.

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    The Crash Explained

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    The document summarizes events leading up to and during the Great Depression of 1929. It states that international bankers, including Paul Warburg and the Rothschild family, had advance warning of the crash and moved their assets out of the stock market. It then describes how the Federal Reserve contracted the money supply, leading banks to call in loans and forcing the dumping of stocks, which caused the market crash. The crash consolidated even more wealth into fewer hands as planned, with some like Joseph Kennedy increasing their wealth tremendously. The document alleges this was done intentionally to transfer money out of many hands and into a few for the benefit of the bankers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    215 views3 pages

    1929 - The Crash Explained

    Uploaded by

    frederic9866
    The document summarizes events leading up to and during the Great Depression of 1929. It states that international bankers, including Paul Warburg and the Rothschild family, had advance warning of the crash and moved their assets out of the stock market. It then describes how the Federal Reserve contracted the money supply, leading banks to call in loans and forcing the dumping of stocks, which caused the market crash. The crash consolidated even more wealth into fewer hands as planned, with some like Joseph Kennedy increasing their wealth tremendously. The document alleges this was done intentionally to transfer money out of many hands and into a few for the benefit of the bankers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    The Crash of 1929 Explained…

    In April, Rothschild, Paul Warburg sends out a secret warning to his


    friends that a collapse and nationwide depression has been planned for
    later this year. It is certainly no coincidence that the biographies
    of all the Wall Street giants of that era: John D. Rockefeller; J. P.
    Morgan Jr.; Joseph Kennedy; Bernard Baruch; et al, all marvel at the
    fact these people got out of the stock-market completely, just before
    the crash and converted their assets into gold.

    So, as all the bankers and their friends already knew, in August the
    Federal Reserve began to tighten the money supply. Then on October
    24th the big New York bankers simultaneously called in their 24 hour
    broker call loans. This meant that both the stockbrokers and their customers
    had to dump their stocks on the stock-market to cover their loans,
    irrespective of what price they had to sell them for.
    As a result of this the stock-market crashed, a day that would go down
    in history as, “Black Thursday.” In his book, “The Great Crash 1929,”
    John Kenneth Gailbraith makes the following shocking statement,
    “At the height of the selling frenzy Bernard Baruch brought
    Winston Churchill into the visitors gallery of the New York Stock
    Exchange to witness the panic and impress him with his power over the
    wild events on the floor.”

    Republican Congressman, Louis T. McFadden, Chairman of the House


    Banking & Currency Committee, from 1920 to 1931, who was a staunch
    critic of the Zionist Bankers (then wrongly known as Jewish Bankers) is
    quite candid as to who was responsible when he states of this crash,
    “It was not accidental. It was a carefully contrived occurrence...
    The international bankers sought to bring about a condition of despair
    here so that they might emerge as rulers of us all.”
    Despite the claims of how the Federal Reserve would protect the
    country against depressions and inflation, they continued to further
    contract the money supply. Between 1929 and 1933, they would reduce
    the money supply by an additional 33%. Even Milton Friedman, the Nobel
    Peace Prize winning economist stated the following in a radio
    interview in January 1996, “The Federal Reserve definitely caused the
    Great Depression by contracting the amount of currency in circulation
    by one-third from 1929 to 1933.”

    In only a few weeks from the day of the crash, 3 billion dollars of
    wealth vanished. Within a year, 40 billion dollars of wealth vanished.
    However, it did not simply disappear, it just ended up consolidated in
    fewer and fewer hands, as was planned. An example of this is Joseph P.
    Kennedy, John F. Kennedy's father. In 1929 he was worth 4 million
    dollars, in 1935 following the greatest depression in America’s
    history, that had increased to over 100 million dollars.

    This is why depressions are caused. To take money out of the hands of
    the many for the benefit of a few. On this occasion the money would be
    largely spent overseas, as whilst this Great Depression was occurring,
    millions of American dollars was being spent on rebuilding Germany
    from damage sustained during World War 1, in preparation for the
    Rothschilds’ next war, World War 2. Republican Louis T. McFadden,
    Chairman of the House Banking & Currency Committee from 1920 to 1931,
    would state the following in relation to this,

    “After World War 1, Germany fell into the hands of the German
    International Bankers. Those bankers bought her and now they own her,
    lock, stock, and barrel. They have purchased her industries, they have
    mortgages on her soil, they control her production, they control all its public utilities.

    The international German bankers have subsidized the present


    Government of Germany and they have also supplied every dollar of the
    money Adolf Hitler has used in his lavish campaign to build up a
    threat to the government of Heinrich Brüning. When Brüning fails to obey the
    orders of the German International Bankers, Hitler is brought forth to
    scare the Germans into submission...

    Through the Federal Reserve Board over 30 billion of dollars of


    American money...has been pumped into Germany...You have all heard of
    the spending that has taken place in Germany...modernistic dwellings,
    her great planetariums, her gymnasiums, her swimming pools, her fine
    public highways, her perfect factories… and its incredible army, navy, and
    Air Force financed by a totally bankrupted state.

    All this was done on US money. All this was given to Germany
    through the Federal Reserve Board. The Federal Reserve Board...has
    pumped so many billions of dollars into Germany to sustain WWII, that
    they dare not name the total.”

    1930

    Thirty-three years after the first World Zionist Congress


    was held in Basle, Switzerland, the first Rothschild “World Bank,”
    the, “Bank for International Settlements (BIS),” is established in the
    same place, Basle, Switzerland.

    It is established by Charles G. Dawes (Rothschild agent and Vice


    President under President Calvin Coolidge from 1925-1929), Owen D.
    Young (Rothschild agent, founder of RCA and Chairman of General
    Electric from 1922 until 1939), and Hjalmar Schacht of Germany
    (President of the Reichsbank).

    The BIS is referred to by the bankers as the, “Central bank for the
    central banks.” To put this bank into perspective today, whereas the
    International Monetary Fund (IMF) and the World Bank deal with
    governments, the BIS deals only with other central banks. All its
    meetings are held IN SECRET and involve the top central bankers from
    around the world. For example the former head of the Federal Reserve,
    Alan Greenspan, would go to the BIS headquarters in Basel,
    Switzerland, ten times a year for these private meetings.

    The BIS also has the status of a sovereign power and is immune from
    governmental control. A summary of this immunity is listed below:

    1. Diplomatic immunity for persons and what they carry with them
    (i.e., diplomatic pouches).
    2. No taxation on any transactions, including salaries paid to
    employees.

    3. Embassy-type immunity for all buildings and/or offices operated


    by the BIS worldwide including China and Mexico.

    4. No oversight or knowledge of operations by any government


    authority.

    5. The Bank for International Settlement is never audited.

    6. Freedom from immigration restrictions.

    7. Freedom to encrypt any and all communications of any sort.

    8. Freedom from any legal jurisdiction,

    9. The Bank for International Settlements even have its own police force.

    Georgetown Professor and historian, Carroll Quigley, commented on the


    creation of this central bank in his 1975 book, “Tragedy and Hope,” as
    follows,

    “The powers of financial capitalism had (a) far reaching (plan),


    nothing less than to create a world system of financial control in
    private hands able to dominate the political system of each country
    and the economy of the world as a whole. This system was to be
    controlled in a feudalist fashion by the central banks of the world
    acting in concert, by secret agreements arrived at in frequent
    meetings and conferences.”

    Ben Peri’s comment 2009: DONE…

    The apex of the system was to be the Bank For International


    Settlements in Basel, Switzerland, a private bank owned and controlled
    by the Rothschild through most of the Wold’s Central Banks which were
    themselves private corporations.

    Each central bank...sought to dominate its government by its


    ability to control treasury loans, to manipulate foreign exchanges, to
    influence the level of economic activity in the Country, and to
    influence cooperative politicians by subsequent economic rewards.”
    (Substantial ongoing bribery to the people in charge and the official opposition)

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