End 2 Party Government

Monetary Reform

© Brooke Clarke 2011

Summary

This page is based on the video:
The Money Masters (Google Video)
http://www.themoneymasters.com/

Their key point is that the Federal Reserve system is not needed and in fact has caused and continues to cause economic instability and needs to be eliminated.
  • The federal government has the constitutional right to print money, but (on 23 December) gave it to a private business the Federal Reserve
  • The federal government pays interest on their debt because they borrow from the Federal Reserve, but that's not necessary (they can directly print money).
  • The Federal Reserve Act is the basis of Fractional Reserve Banking which should be eliminated

Questions for the Money Masters

In the video The Money Masters a case is made that after your monetary reform the money supply would be constant or grow with the population.  Why was population chosen rather than GDP?  I would think that if GDP grew faster than the 3%/year (section 7 of the reform act) there would be a need for money to finance business. 

The much bigger problem is the rate of government spending.  For example between 2000 and 2010:
the U.S. population grew from 281,421,906 to 308,745,538 which is 9.7% per decade growth.
the U.S. national debt grew from 5,674,178,209,886 to 13,561,623,030,891 which is 139% per decade growth.
Is it your intent to cap Federal spending?


Moved from the main End 2 Party Goverment web page

A strong case can be made that the central bank, in the case of the U.S. that would be the Federal Reserve bank.  The bank is private so the Federal in the name is false and since they have no reserves that part of the name is also false.  The movie:

The Money Masters (Google Video) is long at over 3 and a half hours (3:35:09).  It makes the case that the cause of the Civil war was money (although slavery was a factor, it was not THE reason).  Otto Von Bismark (Wiki), chancellor of Germany said:
"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 United States, 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."
No matter the outcome of the Civil war America would be heavily in debt to the money changers.  This would open up central and south America to European colonization and domination.  This was a violation of the Monroe Doctrine (Wiki).  Britian moved troops into Canada along the northern border of the U.S.   Lincon tried to borrow money for the war but the banks wanted 24% to 30%.  He refused.  Colonel Dick Taylor told him:
"Why Mr. Linclon, that is easy; just get Congress to pass a bill authorizing the printing of full legal tender treasury notes...and pay your soldiers with them and go ahead and win your war with them also."
When asked if the people would accept them he answered:
"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."
In 1862 - 1863 Linclon printed $450 million and the notes used green ink on the back side, hence "green backs" (Wiki).  The federal government paid no interest for this money.
Linclon said:
"The government should create, issue, and circulate all the curency and credit needed to satisfy the spending power of the Government and the buying power of the consumers.  The privilege of creating and issuing money is not only the supreme prerogative of the Government, but it is the Government's greatest creative opportunity.  By the adoption of these principles the taxpayers will be saved immense sums of interest.  Money will cease to be master and become the servant of hummanity."
In response the bankers in wrote in the London Times:
"If this mischievous financial policy, which has it's origin in North America, shall become endurated down to a fixture, then that Government will furnish it's own money without cost.  It will pay off it's debts and be without debt.  It will have all the money necessary to carry on it's 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."
When Linclon needed more money in 1863 he allowed banks to push through the National Bank Act (Wiki).  The new private banks would operate tax free with the monopoly power to create bank notes.  The entire U.S. money supply would be created out of debt by the banks buying U.S. government bonds and issuing them for reserves for bank notes. 
John Kenneth Galbraith (Wiki) said a few years after the end of the Civil war:
"In numerous years following the war, the Federal government ran a heavy surplus.  It could not [however] pay off it's debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes.  To pay off the debt was to destroy the money supply."

Russia would not allow a central bank and saw what they were doing in the Americas so made a declaration that if either the UK attacked from Canada or the French attacked from Mexico they would intervene.  The Russian fleet went to port in San Francisco.  Lincoln was reelected and he would have killed the central bank, but then he was assassinated.  He wrote to a friend:
"The money power preys upon the nation in times of peace and conspires against it in times of adversity.  It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy."
Salmon P. Chase bemoaned his part in getting the National Banking Act passed, he wrote:
"My agency in promoting the passage of the National banking Act was the greatest financial mistake in my life.  It has built up a monopoly which affects every interest in the country."
After the Linclon assanation Otto Von Bismark said:
The death of Lincoln was a disaster for Christendom.  There was no man in the United States great enough to wear his boots... I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America, and use it systematically to control modern civilization.  They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the earth should become thier inheritance."
Specie Payment Resumption Act (Wiki) fits into this somehow, but I don't think it was in the movie?
Because there was a lot of silver in the U.S. the European bankers promoted the Gold standard.  The Contraction Act was passed to start removing the green backs.  The National Banks started contracting the money supply causing the post Civil war depression.  The idea was to show that a strong central bank was required, i.e. they wanted the Federal Reserve banking system.
Year
Total Dollars
Per Capita
1866
1.8 billion
$50.46
1867
1.3 billion
$44.00
1876
0.6 billion
$14.60
1886
0.4 billion
$6.67

This was accomplished by calling in loans and no making new loans.  In this case there was no business cycle, rather a manipulation of the money supply.  Also silver coins were retired and melted.
In 1872 a man named  Ernest Syed (Google books) was given 100,000 pounds Sterling by the Bank of England and sent to the U.S. to bribe Congressman to get silver demonetized.   He was told if that wasn't enough he could draw as much more as was necessary.  The next year Congress passed the Coinage Act of 1873 (Wiki).  Milton Friedman called it the Crime of 1873 (Wiki)  It demonetized silver and promoted Gold as a standard.  Samuel Hooper (Wiki) was the Congressman who took the bribe and introduced the bill in the House of Representatives.  He admitted that Syed actually drafted the legislation.  In 1874 Syed addmitted how was behind the scheme:
"I went to America in the winter of 1872-1873, 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."
In 1876 the population was still hurting because of the tight money supply and wanted to return to the Greenbacks or silver money.  Congress created the United States Silver Commission (NYT Nov 6, 1877) (222 page Report).

The American Bankers Association (Wiki) secertary James Buel wrote to the members:
"It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the Agricultural and Religious Press, as will oppose the greenback issue of paper money and that you will also withhold patronage from all applicants who are not willing to oppose the government issue of money.   . . . To repeal the Act creating bank notes, or to restore to circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders.  See your Congressman at once and engage him to support our interests that we may control legislation."
Feb 28, 1878 Congress passed the Sherman Law (Wiki: Bland–Allison Act?)
James Garfield (Wiki) wrote:
"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."
A few weeks later he was assassinated.

In a letter sent out in 1891 from the American Bankers Association the asked for a depression three years in the future:
"On Sept. 1st, 1894, we will not renew our loans under any consideration.  on Sept 1st we will demand our money.  We will forclose and become mortgagees in possession.  We can take two-thirds of the farms west of the Mississippi, and thosuands of them East of the Mississippi as well at our own price.... Then the farmers will become tenants as in England..."
From the Congressional record April 29, 1933.
William Jennings Bryan (Wiki) ran for president on the Free Silver issue. Gave the "Crown of Thorns & Cross of Gold" speech which ended:
"We will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labor then crown of thorns, you shall not curcify mankind upon a cross of gold."
The bankers supported William McKinley (Wiki) who supported the Gold Standard and had factories tell their workers that if Bryan won the election they would be out of work.  McKinley won.

J.P Morgan (Wiki) may have been working for the Rothschild family (Wiki) created the panic of 1907 and then solved it by printing money with not reserve whatsoever.  He was praised by the president of Princeton University Woodrow Wilson (Wiki) who recommended that J.P Morgan and a small group of men head the U.S. in financial matters. This lead to the creation of the Federal Reserve system.
The Panic of 1907 (Wiki) was a scam according the C.A. Lindbergh (Wiki).  As a result of the 1907 panic the National Monetary Commission (Wiki) was created by the Aldrich-Vreeland Act (Wiki).  The commission was packed with Morgan's friends and cronies. 
Chairman: Nelson W. Aldrich (Wiki) -
In 1906 Aldrich sold his interest in the Rhode Island street railway system to the New York, New Haven and Hartford Railroad, whose president was J. P. Morgan's loyal ally, Charles Sanger Mellen.
As soon as the commission was setup Aldrich embarked on a 2 year tour of Europe where he consulted with the central bankers of England, France and Germany.  The trip cost the taxpayers $300,000.  Nov 27, 1910 just after he returned, a number of his friends took his private rail car to Jekyll Island (Wiki).
A. Piatt Andrew Asst Sec of Treasury

History of the Federal Reserve System (Wiki) quote from Wiki page:
"Centralized banking was met with much opposition from politicians, who were suspicious of a central bank and who charged that Aldrich was biased due to his close ties to wealthy bankers such as J.P. Morgan and his daughter's marriage to John D. Rockefeller, Jr.[5] In 1910, Aldrich and executives representing the banks of J.P. Morgan, Rockefeller, and Kuhn, Loeb & Co., secluded themselves for 10 days at Jekyll Island, Georgia.[5]
The executives included
Frank A. Vanderlip,
president of the National City Bank of New York, associated with the Rockefellers; Henry Davison, senior partner of J.P. Morgan Company; Charles D. Norton, president of the First National Bank of New York; and Col.
Edward House,
who would later become President Woodrow Wilson's closest adviser and founder of the Council on Foreign Relations.[6] There,
Paul Warburg (Kuhn, Loeb, & Co. (Wiki) paid him $5000,000 per year salery to lobby for the passage of a privatley owned central bank in America)
of Kuhn, Loeb, & Co. directed the proceedings and wrote the primary features of what would be called the Aldrich Plan. Warburg would later write that "The matter of a uniform discount rate (interest rate) was discussed and settled at Jekyll Island." Vanderlip wrote in his 1935 autobiography From Farmboy to Financier :

"I was as secretive, indeed I was as furtive as any conspirator. Discovery, we knew, simply must not happen, or else all our time and effort would have been wasted. If it were to be exposed that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress…I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.”

Jacob Schiff (Wiki) was Warburg's partner in Loeb & Co.  He was the grandchild of the Schiff who shared the Green Field house as the first Rothschild.  Schiff was to spend $20 million to overthrow the Czar of Russia. (because of their poor treatment of Jews).
Three banking families: Rothschild, Warburg & Schiff were interconnected by marriage over generations just as the American banking families of the: Morgans, Rockefeller & Aldrich were connected. 
At the Jekyll Island meeting all 7 men were cautioned to only address each other by their first names so the servants would not know who they were.  Later one of the participents in the meeting Frank A. Vanderlip (Wiki), pres of Citi Bank of NY and a representive of the Rockefeller family, wrote about the meeting in the Saturday Evening Post Feb 9, 1935.

Nelson Aldrich wrote in a magazine:
"Before passage of this Act, the New York Bankers could only dominate the reserves of New York.  Now, we are able to dominate the bank reserves of the entire country."
Industry was financing expansion from profits rather than making loans, something the bankers did not like.  The biggest problem for the meeting was choosing a name for the new privatly owned central bank.  The idea was to give the impression that the purpose was to stop bank runs and to conceal it's monopoly character.  Aldrich insisted that it be called the Aldrich Bill.  The new central bank would be given a monopoly to create money out of nothing. 

Bonds are promises to pay or IOUs.  At the due date the government pays back the principle plus interest and then the bond is destroyed.  Here's how the money making process works:
1. The Federal Open Market Committee (Wiki) approves the purchase of U.S. Bonds on the open market.
2. The bonds are purchased by the Fed. from whoever is offering them for sale.
3. The Fed pays for the bonds with electronic credits to the seller's bank, these credits are based on nothing.
4. The banks use these deposits as reserves.  They can loan out over ten times the amount of their reserves to new borrowers, all at interest.
To reduce the money supply the Fed sells bonds to the public.

Problems created at the Jekyll Island meeting:
1. Misdirected banking reform,
2. Prevented Greenbacks from making a comeback,
3. Delegated to the bankers the right to create 90% of our money supply. (Fractional Reserve Banking (Wiki),
4. Centralized overall control of our nation's money supply in the hands of a few men.
5. Established a Central Bank with a high degree of independence from effective political control. (the banks contraction caused the great depression of the 1930s. (Wiki)

The bank is run by a board of governors appointed by the president and approved by the Senate.  The bankers just buy the politicians to get their friends on the board.

The NY banks put up a $5 million "educational fund" to finance professors at respectable universities (shades of the 2008 meltdown where the same thing was done) to endorse the new bank.  It didn't work, the Aldrich Bill was knows as the Money Trust bill by bankers.

Charles A. Lindbergh said in Congress:
"The Aldrich Plan is the Wall Street Plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the trusts instead."
The Republicans never brought the bill to a vote.  So the bankers changed to the Democrats and financed Woodrow Wilson's campaign for president.  (Note: the idea of this page is that there's no difference between Democrats and Republicans on key issues, and this is another example of that.)  "Bernard Baruch (Wiki) brought Wilson to the Democratic Party Headquarters in New York in 1912, 'leading him like one would a poodle on a string.'  Wilson receiveed an 'indoctrination course' from the leaders convened there..." - James Perloff
The Jacksonians became the Greenbackers who became the hard core supporters of William Jennings Bryan (Wiki).  They didn't know about the Baruch meeting with Wilson and supported Wilson.  The Democrats pretended to oppose the Aldrich bill during the campaign. 
Louis McFadden (D-PA) (Wiki) commented on this 20 years later:
"The Aldrich bill was condemned in the platform...when Woodrow Wilson was nominated...The men who ruled the Democratic party promised the people that if they were returned to power there would be no central bank established here while they held the reins of government.  Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House (Wiki), established here in our country the worm-eaten monarchical institution of the 'king's bank' to control us from the top downward, and to shackle us from the cradle to the grave."
The new plan was called the Federal Reserve System.  It was put forward as the Glass Owen Bill (aka: Federal Reserve Act) (Wiki)
Paul Warburg explained to Congress:
"Brushing aside the external differences affecting the "shells", we find the "kernals" of the two systems very closely resembling and related to one another."  This was a private message, the public message was different.
Frank Vanderlip said later in a magazine article:
"Although the Aldrich Federal Reserve Plan was defeated when it bord the name Aldrich, neverless its essential points were all contained in the plan that finally was adopted."
Alfred Crozier (Ohio attorney) told Congress:
"The . .  bill grants just what Wall Street and the big banks for twenty-five yreas have been striving for - private instead of public control of currency.  It [the Glass-Owen bill] does this as completely as the Aldrich Bill.  Both measures rob the government and the people of all effective control over the public's money, and vest in the banks exclusively the dangerous power to make money amoung the people scarce or plenty."
The bill was passed on 23 December 1913 when most Senators were on Christmas break.  They had been assured by the leadership that nothing would be done until they returned. 
Charles A. Lindbergh (R-MN) said in Congress:
"This Act establishes the most gigantic trust on earth.  When the President signs this bill, the invisible government by the Monetary Power will be legalized.  The people may not know it immediately, but the day of reckoning is only a few yeard removed... The worst legislative crime of the ages is perpetrated by this banking bill."
To guarantee the interest payments a federal  income tax was needed.  In  1895 the supreme court had ruled that a similar federal income tax was unconstitutional. In 1909 they found a corporate income tax law unconstitutional.  To get around this Nelson Aldrich used a constitutional admendemnt to put the income tax in place.  [Note: the leglislative branch has the power to override the supreme court] The proposed 16th Adamendmant (Wiki) was sent to the states for approval.  But it was not ratified by the necessary 2/3 of the states, so there may be a legal problem with it.  Senator Aldrich got the 16th Amendment passed by Congress.
Charles A. Lindbergh (R-MN) said in Congress:
"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when...business men are adjusted to these conditions, it can check...prosperity in mid-career by arbitrarily raising the rate of interest.  It can sause the pendulum of a rising and falling market to swing back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation, and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down.  This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.  The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.  They know in advance when to create panics to their advantage.  They also know when to stop panic.  Inflation and deflation work equally well for them when they contrl finance..."

A year later he said:  "Already the Federal Banks have already cornered Gold and Gold certificates."
Louis McFadden (D-PA) (Wiki) chair of the House Banking and Currency committee (1920-1931) remarked that the Federal Reserve act brought about:
"A super-state controlled by international bankers and international industrialists acting toghther to enslave the world for their own pleasure."
Wrigtht Patman (D-TX) (Wiki):
"In the United States today we have in effect two governments... We have the duly constituted Government... Then we have an independent, uncomtrolled and uncoordinated government in the Federal Reserve System, operating the money power which are reserved to Congress by the Constitution."
Thomas A. Edison said:
"If our 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 bill is the bond lets money brokers collect twice the amount of the bond and an additional 20% , where as the currency pays nobody but those who contribute directly in some useful way.  It is absurd to say that our country can issue $30 million in bonds and not #30 million in currency.  Both are promises to pay, but the one promise fattens the usurers and the other helps the people."
Widrow Wilson later said:
"We have come to be one of the worst ruled, one of the most completely controlled governments in the civilized world - no longer a government of free opinion, no longer a government by... a vote of the majority, but a government by the opinion and duress of a small group of dominant men.  Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something.  They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it."  1924: "I have unwittenly ruined my government."

Nothing creates debts like warfare.  In W.W. I the German Rothschild family loaned money to the Germans, the British Rothschild family loaned money to the British and the French Rothschild family loaned money to the French.  In America J.P. Morgan was the sales agent for war materials to both the British and French.  Six months into the war Morgan became the largest consumer on Earth spending $10 million per day.  His offices at 23 Wall St were mobbed by salesmen.  Wilson appointed Bernard Baruch (Wiki) to head the War Industries Board (Wiki) in 1917.  Both Baruch and the Rockefeller made $200 million from W.W.I.

Another motive for the war was revenge.  Garry Allen explains why the banks would back Communism:
"If one understands that socialism is not a share-the-wealth program, but is in reality a method to consolidate and control the wealth, then the sccming paradox of super-rich men promoting socialism becomes no paradox at all.  Instead, it becomes logical, even the perfect tool of power-seeking megalomanicacs.  Communism, or more accuratley, socialism, is not a movement of the downtrodden masses, but of the economic elite."
Willard Cleon Skousen (Wiki) in Willard Cleon Skousen said:
"Power from any source tends to create an appetite for additional power... It was almost inevitable that the super-rich would one day aspire to control not only their own wealth, but the wealth of the whole world.  To achieve this, they were perfectly willing to feed the ambitions of the power-humgry political conspirators who were committed to the overthrow of all existing governments and the establishments of a central world-wide dictatorship." [Sure sounds like the PNAC]
Vladimir Lenin (Wiki) recognized that he was not in control of something:
"The state does not function as we desired.  The car does not obey.  A man is at the wheel and seems to lead it, but the car does not drive in the desired direction.  It moves as another force wishes."
Louis McFadden (D-PA) (Wiki) chair of the House Banking and Currency committee (1920-1931) explained it this way:
"The course of Russian history has, indeed, been greatly affected by the operations of international bankers...  The Soviet Government has been given United States Treasury funds by the Federal Reserve Board... acting through the Chase Bank.  England has drawn money from us through the Federal Reserve banks and has re-lent it at high rates of interest to the Soviet Government... The Dnieperstory Dan (Wiki) was built with funds unlawfully taken from the United States Treasury by the corrupt and dishonest Federal Reserve Board and the Federal Reserve bnaks."
In 1992 the Washington Times reported that Boris Yeltsin (Wiki) said that most of the incoming foreign aid was being siphoned off "straight back to the coffers of western banks in debt service."

Next the money changers went after world government as in The League of Nations (Wiki).  It was not popular and died in Congress.
Warren Harding (R-) (Wiki) won the election in by a landslide and became president in 1921.  He was aginst both Bolshevism and the League of Nations,  This was the start of "The Roaring Twenties" (Wiki). 

The head of the Federal Reserve Bank, Benjimen Strong (Wiki) met in secret with the governor of the Bank of England, Montague Norman (Wiki).  Norman was determined to replace the Gold that England had lost to the U.S. during W.W. I. to return the Bank of England to it's former dominance of world finance.  Under the presidencies of Harding and Coolidge (Wiki) the federal debt was cut down by 38% down to $16 billion.  Taxes were cut, tariffs were raised and revenue grew.  It was time to crash the American economy.  The Federal Reserve began flooding the country with money, increasing the money supply by 62%. 
In the March 27, 1927 edition of the NYT Teddy Roosevelt (Wiki) wrote:
"These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government."

Businesses were borrowing and there was speculation in the stock market.  Then in April 1929, Paul Warburg, the father of the Federal Reserve, sent out a secret advisory warning his friends that a collapse and a nation wide depression was certain.  In August of 1929 the Fed began to tighten money.  It is not a conceidence that the biographys of all the Wall Street giants of that era: John D. Rockefeller, J.P. Morgan, Joseph Kennedy, Bernard Baruch, etc. all marveled that they got out of the stock market just before the crash and put all their assets in cash or Gold. 

On Oct 24, 1929 the big New York bankers called in their 24 hour broker loans.  This meant that both brokers and customers had to dump their stocks no matter what price they would get.  It became known as Black Thursday (Wiki).  At the peak of the selling Bernard Baruch brought Winston Churchill in to see (Wiki)the panic to impress him with his power. 
Louis McFadden knew who to blame.  He accused the Fed and international bankers of orchestrating the crash.
"It was not accidental.  It was a carefully contrived occurence... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all."
In Feb 1931 McFadden put it this way:
"I think it can hardly be disputed that the statesman and financiers of Europe are ready to take almost any means to reacquire rapidly the gold stock which Eurpoe lost to America as the result of Wolrd War I."
In the book "FDR, my exploited father-in-law" by Col. Curtis B. Dall writes:
"Actually, it was the calculated 'shearing' of the public by the World-Money powers triggered by the planned sudden shortage of call money in the New York Money Market."

Within a year $40 billion had been lost.  Joseph Kennedy's worth grew from $4 million in 1929 to over $100 million by 1935.  Instead of loosening the money supply to help, the Fed contracted the money supply thereby deepening the depression.  Milton Friedman (Wiki) said in Jan 1996 on NPR:
"The Federal Reserve definitely caused the Great depression by contracting the amount of currency in circulation by one-third from 1929 to 1933."
Louis McFadden warned Congress:
"After WWI, German fell into the hands of the German international bankers.  Those bankers bought her and they now own her, lock, stock and barrel.  They have purchased her industries, they have mortages on her soil, they control her production, they control all her public utilities.  The international German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolph Hitler has used in his lavish camaign to build up a threat to the government of Bruening.  When Bruening fails to obey the orders of the German international Bankers, Hitler is brought forth to scare the Germans into submission...  Through the Federal Reserve Board over $30 billions 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 plaetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories.  All this was done on our money.  All this was given to Germany through the Federal Reserve Board.  The Federal Reserve Board ... has pumped so many billions of dollars into Germany that they dare not name the total."
When FDR was elected he put through bills that gave the Fed more power, then they eased off on the money supply.  On March 4, 1933 FDR said:
Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men... The money changers have fled from their high seats in the temple of our civilization."
Two days later FDR declared a bank holiday and closed all banks.  Later that year FDR outlawed private ownership of gold bullion and gold coins with the exception of rare coins.  This amounted to a confiscation.  Those who turned in their gold were paid $20.66 per ounce. 
No one would claim authorship of the confiscation bill.  FDR sold the idea that it was necessary to get out of the depression.  By 1936 Fort Knox starting to fill with gold.  By 1935 the price of gold went to $35 per ounce for foreigners.
W.W. II caused the U.S. dept to increase from $43 billion in 1940 to  $257 billion in 1950, up 598%.  A similar thing happened in all the other countried involved in the war.  After the war there were two economic camps: Communist command vs. monopoly capitalists.  Next comes the global government or new world order. 
1. Central bank domination of the national economics worldwide.
2. Centralize regional economies--Eurpoean Monetary Union, NAFTA.
3. Centralize the world economy--World Central Bank, GATT (Wiki) (abolish tariffs)
The IMF (Wiki) is the largest holder of gold.  The treasury has consistantly refused to conduct an audit of the gold.  It hasn't been done since 1953.  By 1971 all the gold had been removed from Fort Knox.  Once it was gone, Nixon repealed the gold act of 1934 allowing Americans to own gold and unregulating it's price.  In 1974 a story came out that the Rockeffeler family was selliing gold, the source of the story died by going out a 10th story window. 
in the March 1975 New Hampshire Sunday News Edith Roosevelt wrote:
"Allegations of missing gold from our Fort Knox vaults are being widely discussed in European financial circles.  But what is puzzling is that the Administration is not hastening to demonstrate conclusively that there is no cause for concern over our gold treasure - if indeed it is in a position to do so."
In 1971 Ronald Reagan's friends urged him to study returning to a gold standard as a way to curb government spending.  Regan appointed the Gold Commission (The Case for Gold.pdf)to study the idea.  The commission reported back in 1982 that there was no gold.  It was all owned by the Federal Reserve as colateral aginst the national debt. 

The money changers promoted a peace making plan for world government that has three parts:
1. A world central bank called the  Bank of International Settlements (Wiki)
2. A world judicary to be called the World Court aka International Court of Justice (Wiki)
3. A world executive and legislature to be called the League of Nations.

In the book Tragedy and Hope by Carroll Quigley (Wiki) wrote:
"The powers of financial capitalism had (a) far-reaching (plan), nothing less than to create a world system of financial control n 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.  The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private 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 reqwards in the business world."

Henry Cabot Lodge (Wiki) and others kept the U.S. out of this scheme.  Another war to wear to wear down resistance.  The Chase-Manhatten Bank has merged with Chemical bank to make the largest Wall St. bank.  In 1945 the U.S. joined the now the named United Nations (Wiki).  The IMF has the right to create Special Drawing Rights (SDRs) (Wiki).  The US and the UK have effective control of the IMF.  
"The Third World Was has already started.  It is a silent war.  Not, for that reason, any less sinister.  The war is tearing down Brazil, Latin America, and practically all the Third World.  instead of soldiers dying, there are children.  It is a war over the Third World debt, one which has as its main weapon, interest, a weapon more deadly than the atombomb, more shattering than a laser beam."
Both the Bank of England and France have been nationalized and nothing has changed.  The corrupt banking system is the problem.  No use in looking to individuals, it's a system.  Monetary reform is the most important issue. 

  • Why are we over our heads in debt?  Because we are laboring under a debt money system that's designed and controlled by private bankers. The president appoints only two of the seven members for 14 year terms.  Only people that Wall St. approves of can be appointed.  The Fed's record shows it's a miserable failure at stablizing the economy.  The Fed has caused three major economic downturns.  Milton Friedman said:
"The stock of money, prices and output was decidedly more unstable after the establishment of the Reserve System than before.  The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe [monetary] contractions of 1920-21, 1929-33 and 1937-38.  No other 20-year period inAmerican history contains as many as three such severe contractions.  This evidence persuades me that at least a third of the price rese during and just after World War I is attributable to the establishment of the Federal Reserve System...and that the severity of each of the major contractions--1920-21, 1929-33 and1937-38 --is directly attributable to the acts of commsiision and ommission by the Reserve authorities... Any system which gives so much power and so much discretion to a few men,[so] that mistakes... excusable or not... can have such far reaching effect, is a bad system.  It is a bad system to believers in freedom just because it gives a few men such power without any affective check by the body politic--this is the key political argument aginst an independent central bank... To paraphrase Clemencea: money is much too serious a matter to be left to the central bankers."
  • What can we do about all this?
Pay off the U.S. bonds with government issued notes.  As the treasury buys up it's bonds with U.S. notes the reserve requirements of banks will be proportionately raised so the amount of money in circulation remains constant.  When the Federal Reserve notes have all been retired the banks will be at 100% reserves.   Eliminating the existing fractional reserve system.  The Federal Reserve Act could be repealed. Taxes would begin to go down.

Monetary Reform Act

1. Pay off the debt with debt-free U.S. Notes.
2. Abolish Fractional Reserve Banking.  As the debt is paid off, the reserve requirements of all banks and financial institutions would be raised proportionally at the same time...
3. Repeal the Federal Reserve Act (and the National Banking Act)
4. Withdraw the U.S. from the IMF, BIS and World Bank.
5. All deliberations would be open to the public, not secret.

Sovereignty

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