"There is evidence that strongly suggests that President John F. Kennedy was on the verge of attacking the debt/usury problem head on with a repudiation of Federal Reserve Notes - and that he paid for it with his life.
Immediately after Kennedy's assassination, the issuance of non-interest bearing United States Notes [greenbacks] was banned. Within weeks, undisputed control of our nation's financial affairs was handed over to the privately owned Federal Reserve Corporation by the new Johnson administration ."
Immediately after Kennedy's assassination, the issuance of non-interest bearing United States Notes [greenbacks] was banned. Within weeks, undisputed control of our nation's financial affairs was handed over to the privately owned Federal Reserve Corporation by the new Johnson administration ."
Des Griffin in his book "Descent Into Slavery?"
"The Congress handed over all monetary powers to the Federal Reserve in 1913. The Fed is a private bank, owned by banks, and pays dividends on its shares owned only by banks. The Fed is a private Bankers Bank.
... The Fed has a legal monopoly of money granted by Congress in 1913 proceedings that were unconstitutional and fraudulent.
... The Congress has never investigated the Federal Reserve and is highly unlikely to do so. No one sees Fed accounts; they are not audited. No balance sheets are issued. No one, but no one, ever criticizes the Fed and survives."
... The Fed has a legal monopoly of money granted by Congress in 1913 proceedings that were unconstitutional and fraudulent.
... The Congress has never investigated the Federal Reserve and is highly unlikely to do so. No one sees Fed accounts; they are not audited. No balance sheets are issued. No one, but no one, ever criticizes the Fed and survives."
Antony Sutton in his book "The Federal Reserve Conspiracy", 1995
World Economic Forum (Davos)
World Economic Forum (Davos)
FINANCIAL CAPITALISM GLOBAL SUPRA-GOVERNMENT AND WEAPON OF MASS DESTRUCTION
"The powers of financial capitalism [international bankers] had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements [BIS] in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations."
Carroll Quigley "Tragedy and Hope"
"There is a transnational power elite which has centralized the control of global capital around the world. This Global Power Elite - less than 400 individuals - are at the core of the policy planning nongovernmental networks that manage, facilitate, and protect the continued concentration of global capital. They are the activist core of the Transnational Capitalist Class (TCC) - 1 percent of the world's wealthy people.
...The TCC cannot find outlets to profitably reinvest the trillions of dollars that it has accumulated. In recent years it has turned to wild financial speculation in the global casino, raiding and sacking of public budgets, war making, and the extension of systems of social control and repression to sustain accumulation and contain the real or potential rebellion of the poor and the marginalized.
... The Global Power Elites of the TCC (Transnational Capitalist Class) make every effort to protect their interests through global organizations like the World Bank, World Trade Organization, International Monetary Fund, the G20, G7, World Economic Forum, Trilateral Commission, Bilderberg Group, Bank for International Settlements, and other transnational associations... Within this system, nation-states become little more than population containment zones, and the real power lies with the decision makers who control global capital."
...The TCC cannot find outlets to profitably reinvest the trillions of dollars that it has accumulated. In recent years it has turned to wild financial speculation in the global casino, raiding and sacking of public budgets, war making, and the extension of systems of social control and repression to sustain accumulation and contain the real or potential rebellion of the poor and the marginalized.
... The Global Power Elites of the TCC (Transnational Capitalist Class) make every effort to protect their interests through global organizations like the World Bank, World Trade Organization, International Monetary Fund, the G20, G7, World Economic Forum, Trilateral Commission, Bilderberg Group, Bank for International Settlements, and other transnational associations... Within this system, nation-states become little more than population containment zones, and the real power lies with the decision makers who control global capital."
Peter Phillips in his book "Giants"
"Financial markets acting like a global supra-government oust entrenched regimes where normal political processes could not do so. They force austerity, banking bail-outs and other major policy changes. Their influence dwarfs multilateral institutions such as the International Monetary Fund. Indeed, leaving aside unusable nuclear weapons, they have become the most powerful force on earth. They oust entrenched regimes where normal political processes could not do so. They force austerity, banking bail-outs and other major policy changes. Their influence dwarfs multilateral institutions such as the International Monetary Fund. Indeed, leaving aside unusable nuclear weapons, they have become the most powerful force on earth."
Roger Altman, former Deputy Secretary of the Treasury under the Clinton administration, 2011
"American history over the 19th century had been driven an increasingly powerful cartel of financial elites and the large industrial trusts they controlled [The Money Trust]. Their interests, rather than the interests of the nation and the population as a whole, defined the strategic priorities of that powerful cartel. Their overwhelming control of the national media allowed their propaganda experts to portray their interests as 'America's interests.' Most Americans, wanting to think the best of their country, bought the propaganda.
... Their economic model was that of the British East India Company or, more accurately, of the Barbary pirates, looting and plundering to exhaustion one region after the next to prop up their empire, leaving behind as little of value as possible. For the Rockefellers ... the entire world was considered their 'frontier.' By portraying their mission after 1948 as a Cold War fought by 'American democracy' against 'Godless Communism' they gave the cause of advancing American interests a messianic religious cover that was astonishingly effective for decades."
... Their economic model was that of the British East India Company or, more accurately, of the Barbary pirates, looting and plundering to exhaustion one region after the next to prop up their empire, leaving behind as little of value as possible. For the Rockefellers ... the entire world was considered their 'frontier.' By portraying their mission after 1948 as a Cold War fought by 'American democracy' against 'Godless Communism' they gave the cause of advancing American interests a messianic religious cover that was astonishingly effective for decades."
F. William Engdahl in his book "Gods of Money: Wall Street and the Death of the American Century"
"People, governments and economies of all nations must serve the needs of multinational banks and corporations."
Zbigniew Brzezinski
"A global financial cabal engineered a fraudulent housing and debt bubble [2008], illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder. Clearly, there was a global financial coup d'état underway."
Catherine Austin Fitts, former Assistant Secretary of Housing and Federal Housing Commissioner
"Today it is widely recognized that, faced with an asset bubble, the capitalist state has little choice but to do what it can to maintain the bubble for as long as possible, and to keep asset prices rising. In a stagnating economy, financialization is the name of the game, and a financial meltdown is conceived as the worst eventuality. Pricking the bubble is seldom considered by the financial authorities, and then never seriously. The job of the Fed in this respect is thus restricted to preventing a bursting bubble from becoming a major meltdown, by speeding to the rescue of speculative capital whenever there is a risk of system-wide instability."
John Bellamy Foster and Hannah Holleman
"The power elite of free-market global capitalism is remarkably easy to describe. Although it looks like a hierarchy, it is in fact a network. At the network's centre are the people who run banks, insurance companies, investment banks and hedge funds, including those who sit on the boards and those who have passed through them at the highest level ... Closely overlapping with this network is the military-diplomatic establishment. Another tight circle comprises those companies in the energy and civil engineering business."
Paul Mason, economics editor of BBC Newsnight, 2009
"Since 2008, bad debt from banks, corporations, and private investors was transferred from the balance sheets of private banks to the balance sheets of the central banks as a result of nine years of bailout via QE (quantitative easing), zero interest rate free money, and other policies of the central banks. The central banks bailed out the capitalist system in 2008-09 by shifting the bad debts to themselves. In the course of the last 9 years, the private system loaded itself up on still more debt than it had in 2007. Can the central banks, already bloated with $20 trillion bail out bankers and friends once again? That's the question. Attempting to unload the $20 trillion to make room for the next bailout-as the central banks now propose to do-may result, however, in precipitating the next crisis.
... After eight years of treating symptoms and not the disease, the global financial system has become addicted to super-low rates and to continued central bank excess liquidity provisioning. What started in 2008 as a massive, somewhat coordinated central bank lender of last resort experiment - i.e. global bank bailout - has over the past eight years evolved into a more or less permanent subsidisation of the private banking and financial systems by central banks. The system has become addicted to free money.
... What happened was an unprecedented acceleration in financial asset markets as equity and bond prices surged for eight years, high end real estate prices rose to prior levels, derivatives boomed, gold and crypto-currencies escalated in value, and income inequality soared to record levels - all fueled by the massive $10 trillion central bank liquidity injections that drove interest rates to zero or below."
... After eight years of treating symptoms and not the disease, the global financial system has become addicted to super-low rates and to continued central bank excess liquidity provisioning. What started in 2008 as a massive, somewhat coordinated central bank lender of last resort experiment - i.e. global bank bailout - has over the past eight years evolved into a more or less permanent subsidisation of the private banking and financial systems by central banks. The system has become addicted to free money.
... What happened was an unprecedented acceleration in financial asset markets as equity and bond prices surged for eight years, high end real estate prices rose to prior levels, derivatives boomed, gold and crypto-currencies escalated in value, and income inequality soared to record levels - all fueled by the massive $10 trillion central bank liquidity injections that drove interest rates to zero or below."
Jack Rasmus , 2017
"The history of the Group of Thirty goes back to the Rockefeller Foundation, which provided the organization's initial funding. The Rockefeller Foundation represents the interests of highly centralized corporate and financial power.
The Group of Thirty, originally named the "Consultative Group on International Economic and Monetary Affairs," was to function as a think tank, lobby, and a consensus-building institution for the global elites.
... What makes the G30 and its recommendations so important is not only the fact that they are taken seriously by policymakers and market participants - but that the very individuals making the recommendations are in positions of power to directly implement or support those same recommendations.
... The G30 can be thought above all as an exclusive club of financial crisis kingpins. And it is a club that will continue to play a significant and not altogether helpful role in global financial management for years to come."
The Group of Thirty, originally named the "Consultative Group on International Economic and Monetary Affairs," was to function as a think tank, lobby, and a consensus-building institution for the global elites.
... What makes the G30 and its recommendations so important is not only the fact that they are taken seriously by policymakers and market participants - but that the very individuals making the recommendations are in positions of power to directly implement or support those same recommendations.
... The G30 can be thought above all as an exclusive club of financial crisis kingpins. And it is a club that will continue to play a significant and not altogether helpful role in global financial management for years to come."
Andrew Gavin Marshall, 2013
"Countries that do not follow the dictates of the "financial market" are punished with lower credit ratings, higher interest, speculative attacks, and in the cases of Greece and Italy in November of 2011, their democratically-elected governments are simply removed and replaced with technocratic administrations made up of bankers and economists who then push through austerity and adjustment policies that impoverish and exploit their populations... and if your elected governments do not succumb to "market discipline," they will be removed and replaced in what _ under any other circumstances _ is referred to as a 'coup.'"
Roger Altman, former Deputy Secretary of the Treasury, Financial Times, 2011
"The U.S. monetary system is supported by the most powerful military power on earth. The dollar is backed by U.S. military might, which constitutes a means for displacing national currencies and imposing the U.S. dollar. In this regard, the Federal Reserve's overwhelming powers of money creation constitute an essential lever of an imperial monetary agenda.
... The Western banking system controls a worldwide electronic banking network. The control of money creation at a world level constitutes the ultimate instrument of economic and social domination. The creation of fiat money provides a command over the real economies of countries worldwide. The ultimate lever of the U.S.-NATO imperial design is to override and destroy national currencies."
... The Western banking system controls a worldwide electronic banking network. The control of money creation at a world level constitutes the ultimate instrument of economic and social domination. The creation of fiat money provides a command over the real economies of countries worldwide. The ultimate lever of the U.S.-NATO imperial design is to override and destroy national currencies."
Michel Chossudovsky in his book "The Global Economic Crisis"
"The small, but politically powerful, minority of financiers and industrialists is interested in various forms of economic imperialism. By a judicious use of their resources, the capitalists of highly industrialized countries stake out claims for themselves within nominally independent countries. Those claims are then represented as being the claims of the respective nations, and the quarrels between the various financial interests concerned become quarrels between states. The peace of the world has frequently been endangered, in order that oil magnates might grow a little richer."
Aldous Huxley, 1937
"After 1971, a White House policy was initiated, under the effective control of Henry Kissinger, to control the economies of the nations and to reduce their populations, rather than to facilitate technology transfer and industrial growth. The strategy was to force the price of the cartelized world oil up by about a factor of four, recover the Arab oil receipts back into the British and American central banks, and lend them to the Third World to acquire control over those countries. To this end, the Bilderberg group, containing the world's top financial and political insiders, met privately in Saltsjoebaden, Sweden in May 1973 to discuss how the coming flood of oil dollars was to be handled.
... The great bulk of the petro-dollars were repatriated in purchasing U.S. government debt and in deposit accounts in Chase Manhattan, Citibank, et al. From there they were loaned to the Third World, which could not otherwise buy the fuel they needed to survive, whence many of those countries became enslaved to the bankers, and forced to follow their edicts on how to run their countries.
... The great bulk of the petro-dollars were repatriated in purchasing U.S. government debt and in deposit accounts in Chase Manhattan, Citibank, et al. From there they were loaned to the Third World, which could not otherwise buy the fuel they needed to survive, whence many of those countries became enslaved to the bankers, and forced to follow their edicts on how to run their countries.
F William Engdahl in his book "A Century of War"
"Globalization can be seen as the triumph of capitalism: the ascendancy of economics over politics, of corporate demands over public policy, of the private over the public interest, of the transnational corporation and its global framework over the national state."
John Bellamy Foster and Hannah Holleman
"Financial manipulation is an integral part of the New World Order. It constitutes a powerful means to accumulate wealth. It has contributed to destabilizing the U.S. fiscal structure. Under the present political arrangement, those responsible for monetary policy are quite deliberately serving the interests of the financiers, to the detriment of working people, leading to economic dislocation, unemployment and mass poverty.
What we are dealing with is the fraudulent confiscation of lifelong savings and pension funds and the appropriation of tax revenues to finance the bank bailouts... What is at stake is then outright criminalization of the financial system, financial theft on an unprecedented scale."
What we are dealing with is the fraudulent confiscation of lifelong savings and pension funds and the appropriation of tax revenues to finance the bank bailouts... What is at stake is then outright criminalization of the financial system, financial theft on an unprecedented scale."
Michel Chossudovsky
"Seventeen asset management firms, each with an excess of one trillion dollars of investment capital under management, have a total capital under management in excess of $ 41 trillion. These firms are the giants of international capitalism. The wealth they manage comes from many thousands of millionaires, billionaires, and corporations, who allow asset management firms to invest their money in the market with the expectation of above-average returns on their capital. They are the central institutions of the financial capital that powers the global economic system. Western governments and international policy bodies tend to work in the interests of these financial giants to protect the free flow of capital investment and insure debt collection everywhere in the world.
... The top asset management companies are the most superconnected firms in the world."
... The top asset management companies are the most superconnected firms in the world."
Peter Phillips in his book "Giants"
"Modern democracies have been around for long enough for neo-liberal capitalists to learn how to subvert them. They have mastered the technique of infiltrating the instruments of democracy - the "independent" judiciary, the "free" press, the parliament - and molding them to their purpose. The project of corporate globalization has cracked the code. Free elections, a free press, and an independent judiciary mean little when the free market has reduced them to commodities on sale to the highest bidder."
"Our global system is one of state-capitalism, where the state and corporate interests are interdependent and mutually beneficial, at least for those in power."
Roger Altman, former Deputy Secretary of the Treasury, Financial Times, 2011
"By allowing capital to flow unchecked from one end of the world to the other, globalization and abandon of sovereignty have together fostered the explosive growth of an outlaw financial market. It is a coherent system closely linked to the expansion of modern capitalism and based on an association of three partners: governments, transnational corporations and Mafias. Business is business: financial crime is first and foremost a market, thriving and structured, ruled by supply and demand. Big business complicity and political laisse faire is the only way that largescale organized crime can launder and recycle the fabulous proceeds of its activities. And the transnational corporations need the support of governments and the neutrality of regulatory authorities in order to consolidate their positions, increase their profits, withstand and crush the competition, pull off the 'deal of the century' and finance their illicit operations. Politicians are directly involved and their ability to intervene, depends on the backing and the funding that keep them in power."
"By early 2000, the process of global financial deregulation was in many regards a fait accompli. Wall Street routinely invaded country after country. The domestic banking system was put on the auction block and reorganized under the surveillance of external creditors. National financial institutions were systematically destabilized and driven out of business; mass unemployment and poverty are the invariable results."
Michel Chossudovsky
... It is a coherent system closely linked to the expansion of modern capitalism and based on an association of three partners: governments, transnational corporations, and mafias.
... Big business complicity and political laissez faire is the only way that large-scale organized crime can launder and recycle the fabulous proceeds of its activities. And the transnationals need the support of governments and the neutrality 0f the regulatory authorities in order to consolidate their positions, increase their profits, withstand or crush the competition, pull off the "deal of the century" and finance their illicit operations. Politicians are directly involved, and their ability to intervene depends on the backing and the funding that keep them in power.
... The only objective of the anti-corruption campaigns taken up by international organizations (World Bank, IMF, and OECD) is the "good governance" of a financial crime that is now an integral part of market globalizations under the leadership of the American democracy, the most corrupt on the planet."
The capitalists owned everything in the world, and everyone else was their slave. They owned all the land, all the houses, all the factories, and all the money. If anyone disobeyed them they could throw him into prison, or they could take his job away and starve him to death."
"Britain and the US, the two leaders of modern global finance, are now among the most unequal societies in the developed world. In Britain 0.3 per cent of the population owns two-thirds of the land... In a UNICEF league of twenty-one industrialised nations measuring child well-being, the UK came last, marginally behind the USA."
Nicholas Shaxson in his book "Treasure Islands: Tax Havens and the Men Who Stole the World"
"Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus by discreet action we can secure for ourselves that which has been so well planned and so successfully accomplished."
American's Banker Association, 1924
"There is a transnational ruling class, a "Superclass", that agrees on establishing a world government. The middle class is targeted for elimination, because most of the world has no middle class, and to fully integrate and internationalize a middle class, would require industrialization and development in Africa, and certain places in Asia and Latin America. The goal of the Superclass is not to lose their wealth and power to a transnational middle class, but rather to extinguish the notion of a middle class, and transnationalize a lower, uneducated, labor oriented class, through which they will secure ultimate wealth and power.
The global economic crisis serves these ends, as whatever remaining wealth the middle class holds is in the process of being eliminated, and as the crisis progresses, the middle clas
The global economic crisis serves these ends, as whatever remaining wealth the middle class holds is in the process of being eliminated, and as the crisis progresses, the middle clas
Andrew Gavin Marshall, 'The Global Economic Crisis: The Great Depression of the XXI Century'
"The total result of the manipulation of society by the Establishment elite has been four major wars in sixty years, a crippling national debt, abandonment of the Constitution, suppression of freedom and opportunity, and creation of a vast credibility gulf between the man in the street and Washington, D.C. While the transparent device of two major parties trumpeting artificial differences, circus-like conventions, and the cliché of "bipartisan foreign policy" no longer carries credibility, and the financial elite itself recognizes that its policies lack public acceptance, it is obviously prepared to go it alone without even nominal public support."
Antony C. Sutton in his book "Wall Street and the Rise of Hitler"
"Ruling elites are deadly serious about seeing that any renovation of the international system is in their interest. They use a variety of carrot and stick tactics to maintain political and economic control - domestically and internationally. Control techniques will be more vicious or less, depending on a combination of factors involving the state of the economy and, more importantly, the state of popular opposition. The more threatening and persistent the moves to counter their plans and build alternative models, the more violent will be their tactics of repression."
Holly Sklar, Trilateralism
FOUNDATIONSWEALTHY, TAX-EXEMPT AND VERY INFLUENTIAL
"The global financial elite of the Ford, Carnegie and Rockefeller foundations are making the plans [for a one world government]. The real name of the game is 1984. We will have systematic population reduction, forced sterilization or anything else which the planners deem necessary to establish absolute control in their humanitarian utopia. But to enforce these plans, you must have an all-powerful world government. You can't do this if individual nations have sovereignty. And before you can facilitate the Great Merger, you must first centralize control within each nation, destroy the local police and remove the guns from the hands of the citizenry. You must replace our once free Constitutional Republic with an all-powerful central government."
Gary Allen in his book "None Dare Call It Conspiracy"
"The organization of tax-exempt fortunes of international financiers into foundations was to be used for educational, scientific, and other public purposes... The inheritance tax drove the great private fortunes dominated by Wall Street into tax-exempt foundations, which became a major link in the Establishment network between Wall Street, the Ivy League, and the federal government... The foundations managed to acquire control over the primary Ivy League colleges, including Harvard, Yale, Columbia, and Princeton."
Carroll Quigley, historian and Georgetown University professor, in his book "Tragedy and Hope"
"One of the leading devices by which the wealthy dodge taxes is the channeling of their fortunes into tax-free foundations. The major foundations, though commonly regarded as charitable institutions, often use their grant-making powers to advance the interests of their founders."
James Perloff in his book "The Shadows of Power"
"Can anyone honestly believe that the tax-exempt Foundations, which are based on the great American fortunes and administered by the present-day captains of American industry and finance, will systematically underwrite research which tends to undermine the pillars of the status quo, in particular the illusion that the corporate rich who benefit most from the system do not run it?"
Ramparts magazine
"The Rockefeller Foundation, the Carnegie Corporation of New York, and the Carnegie Endowment for International Peace, are using their enormous public funds to finance a one-sided approach to foreign policy and to promote it actively by propaganda, and in the Government through infiltration. The power to do this comes out of the power of the vast funds employed."
Congressman Carroll Reece, chairman of the Reece Committee - investigating tax-exempt foundations, 1953-1955
"The Reece Committee went out of existence on January 3, 1955, having proven that the mammoth tax-exempt foundations have such power in the White House, in Congress, and in the press, that they are quite beyond the reach of a mere committee of the Congress of the United States."
Dan Smoot in his book "The Invisible Government" , 1962
"Can anyone honestly believe that the tax-exempt Foundations, which are based on the great American fortunes and administered by the present-day captains of American industry and finance, will systematically underwrite research which tends to undermine the pillars of the status quo, in particular the illusion that the corporate rich who benefit most from the system do not run it?"
"The Rockefeller Foundation, the Carnegie Corporation of New York, and the Carnegie Endowment for International Peace, are using their enormous public funds to finance a one-sided approach to foreign policy and to promote it actively by propaganda, and in the Government through infiltration. The power to do this comes out of the power of the vast funds employed."
"The Round Table Group wanted to control the people by having the government tax people and deposit the peoples money in a central bank. The Group would take control of the bank and therefore have control of the money. The Group would take control of the State Department and formulate government policy, which would determine how the money was spent. The Group would control the CIA which would gather information about people, and script and produce psycho-political operations focused at the people to influence them to act in accord with Round Table Group State Department policy decisions. The Group would work to consolidate all the nations of the world into a single nation, with a single central bank under their control, and a single International Security System. Some of the first legislation of the Wilson Administration was the institution of the graduated income tax (1913) and the creation of a central bank called the Federal Reserve. An inheritance tax was also instituted. These tax laws were used to rationalize the need for legislation that allowed the establishment of tax-exempt foundations. The tax-exempt foundations became the link between the Group member's private corporations and the university system. The Group would control the universities by controlling the sources of their funding. The funding was money sheltered from taxes that was channeled in ways which would help achieve Round Table Group aims."
Colonel Edward Mandell House
"A very powerful complex of foundations and affiliated organizations has developed over the years to exercise a high degree of control over education. Part of this complex, and ultimately responsible for it, are the Rockefeller and Carnegie groups of foundations."
Rene Wormser in his book "Foundations: Their Power and Influence"
"The Carnegie Endowment supported U.S. entry into the war {WW I], not for any patriotic purpose, but so that the war would provide an excuse for, if not necessitate, Andrew Carnegie's goal of British-American regional government."
William H Mcllhany II, from an article "Tax Exempt Foundations", 1980
"The folks at the Rockefeller Foundation were deadly serious about wanting to solve the world hunger problem through the worldwide proliferation of GMO seeds and crops... They were out to limit population by going after the human reproductive process itself."
F. William Engdahl in his book "Seeds of Destuction"
"Foundations such as Ford, Rockefeller and Carnegie were considered the best and most plausible kind of CIA funding cover. A CIA study of 1966 argued that this technique was `particularly effective for democratically run membership organizations, which need to assure their own unwitting members and collaborators, as well as their hostile critics, that they have genuine, respectable, private sources of income.' Certainly, it allowed the CIA to fund`a seemingly limitless range of covert action programs affecting youth groups, labor unions, universities, publishing houses, and other private institutions from the early 1950s."
Frances Stoner Saunders from her book "The Cultural Cold War"
"The very rich avoided most taxation by protecting their wealth in new tax-exempt 'charitable' foundations such as the Rockefeller Foundation, created the same year as the income tax. The passage of a broad-based tax on income would allow Wall Street to finance the war [WWI] through issuance of US Treasury bonds, so-called 'Liberty Bonds' whose debt service would be assured by the taxpayer."
Ferdinand Lundberg in his book "The Rich And The Super-Rich"
"By the time the income tax Amendment had been approved by the states, the Rockefellers and Carnegie foundations were in full operation... These monopolists could now compound their wealth tax-free while competitors had to face a graduated income tax which made it difficult to amass capital.
... The conspirators now had created the mechanisms to run up the debt, to collect the debt, and to avoid the taxes required to pay the yearly interest on the debt."
... The conspirators now had created the mechanisms to run up the debt, to collect the debt, and to avoid the taxes required to pay the yearly interest on the debt."
Gary Allen in his book "None Dare Call It Conspiracy"
"By 1956 the Ford Foundation had spent more than one billion dollars in contributions to 'education' and had thereby become a well-nigh all-encompassing influence over hundreds of colleges and universities."
Rene Wormser in the book "Foundations: Their Power and Influence"
"Powerful elite circles of the United States ... backed the introduction of genetically modified seeds into the world food chain as a strategic priority. That elite included not only the Rockefeller and Ford foundations and most other foundations tied to the large private family fortunes of the wealthiest American families. It also included the US State Department, the National Security Council, the US Department of Agriculture, as well as the leading policy circles of the International Monetary Fund, the World Bank, along with agencies of the United Nations including WHO and FAO."
F. William Engdahl
"The World Health Organization, the World Bank, the UN environmental department, the UN Population Fund, and the Bill and Melinda Gates Foundation are closing in on all of humanity with mass-scale vaccination programmes and genetically engineered food."
Jurriaan Maessen, 2012
"Foundations use their funds to subvert and control American education."
Rene Wormser in the book "Foundations: Their Power and Influence"
INCOME TAX
"ONLY THE LITTLE PEOPLE PAY TAXES"
"ONLY THE LITTLE PEOPLE PAY TAXES"
"The federal income tax was instituted specifically to coerce taxpayers to pay the interest due to the banks on the federal debt."
"The federal income tax was instituted specifically to coerce taxpayers to pay the interest due to the banks on the federal debt."
Ellen Hodgson Brown in her book "Web of Debt"
"Through their front man E. Mandell House ... Jacob Schiff, the top Rothschild front in the United States, and Bernard Baruch, the Jewish Wall Street manipulator, the Money Monopolists selected Woodrow Wilson and financed his campaign for the presidency of the United States in 1912.
... On December 23, 1913, when most of our nation's lawmakers had left Washington for their Christmas vacations, the Money Monopolists rammed through the nationally destructive and totally unconstitutional Federal Reserve Act which left our nation's money and credit supply firmly in the hands of the Rothschild-controlled international bankers.
... The same "money power" also financed the campaign for the introduction of the income tax. This Act was not designed to make the wealthy pay for the running of the country. Its specific purpose ... was to become "a siphon ... inserted in the pocketbooks of the general public"."
... On December 23, 1913, when most of our nation's lawmakers had left Washington for their Christmas vacations, the Money Monopolists rammed through the nationally destructive and totally unconstitutional Federal Reserve Act which left our nation's money and credit supply firmly in the hands of the Rothschild-controlled international bankers.
... The same "money power" also financed the campaign for the introduction of the income tax. This Act was not designed to make the wealthy pay for the running of the country. Its specific purpose ... was to become "a siphon ... inserted in the pocketbooks of the general public"."
Des Griffin in his book "Descent Into Slavery?"
"World War I forced the development of the income-tax principle. Aiming, as it did, at the one great untaxed source of revenue, the income-tax law had been enacted in the nick of time to meet the demands of war. And the conflict also assisted the putting into effect of the Federal Reserve System."
Eustace Mullins in his book "The Secrets of the Federal Reserve"
"The Federal Reserve Act of 1913 authorized the Federal Reserve to lend money to the United States government at interest, and the Revenue Act of 1913 created the IRS and authorized the United States government to establish an income tax on the people to pay for it all."
Charlie Robinson, in his book "The Octopus of Global Control", 2017
"What the income tax became, finally, was a siphon gradually inserted into the pocketbooks of the general public. Imposed to popular huzzas as a class tax, the income tax was gradually turned into a mass tax in a jiujitsu turnaround.
... The escape hatch for the insiders to avoid paying tax was ready. By the time the income tax Amendment had been approved by the states, the Rockefellers and Carnegie foundations were in full operation... These monopolists could now compound their wealth tax-free while competitors had to face a graduated income tax which made it difficult to amass capital.
... The conspirators now had created the mechanisms to run up the debt, to collect the debt, and to avoid the taxes required to pay the yearly interest on the debt. Then all that was needed was a reason to escalate the debt. Nothing runs up a national debt like a war. And World War I was being brewed in Europe."
... The escape hatch for the insiders to avoid paying tax was ready. By the time the income tax Amendment had been approved by the states, the Rockefellers and Carnegie foundations were in full operation... These monopolists could now compound their wealth tax-free while competitors had to face a graduated income tax which made it difficult to amass capital.
... The conspirators now had created the mechanisms to run up the debt, to collect the debt, and to avoid the taxes required to pay the yearly interest on the debt. Then all that was needed was a reason to escalate the debt. Nothing runs up a national debt like a war. And World War I was being brewed in Europe."
Ferdinand Lundberg in his book "The Rich And The Super-Rich"
"The United States did just fine for well over a hundred years without a national income tax. But about the same time the Federal Reserve was created [1913] a national income tax was instituted as well. The whole idea was that the wealth of the American people would be transferred to the U.S. government by force and then transferred into the hands of the ultra-wealthy in the form of interest payments."
http://theeconomiccollapseblog.com
"The very rich avoided most taxation by protecting their wealth in new tax-exempt 'charitable' foundations such as the Rockefeller Foundation, created the same year as the income tax. The passage of a broad-based tax on income would allow Wall Street to finance the war [WWI] through issuance of US Treasury bonds, so-called 'Liberty Bonds' whose debt service would be assured by the taxpayer."
Ferdinand Lundberg in his book "The Rich And The Super-Rich"
"One quite naturally assumes that the graduated income tax would be opposed by the wealthy. The fact is that many of the wealthiest Americans supported it. Some, no doubt, out of altruism and because, at first, the taxes were very small. But others backed the scheme because they already had a plan for permanently avoiding both the income tax and the subsequent inheritance tax."
Gary Allen in his book "None Dare Call It Conspiracy"
"When the US government needs money, it either collects it in taxes or it issues bonds. These bonds are sold to the Federal Reserve , and the Fed, in turn, makes book entry deposits. This "debt money" created out of thin air is then made available to the US government. But if the US government can issue Treasury bills, notes and bonds, it can also issue currency, as it did prior to the formation of the Federal Reserve. If the U.S. issued its own money, that money could cover all its expenses, and the income tax wouldn't be needed. So what's the objection to getting rid of the Fed and letting the US government issue its own currency? Easy, it cuts out the bankers and it eliminates the income tax."
Richard Russell, Dow Theory Letter, April 2005
"The 16th Amendment let Congress levy an income tax so bankers could be paid interest on federal debt. If America controlled its own money, it would be interest-free, and taxing people to pay it wouldn't be necessary."
Stephen Lendman
"With two-thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government."
Ellen Hodgson Brown in her book "Web of Debt"
"The best way for the global financial elite insiders to eliminate growing competition was to impose a progressive income tax on their competitors while writing the laws so as to include built-in escape hatches for themselves.
... The escape hatch for the Insiders to avoid paying taxes was ready. By the time the income tax Amendment had been approved by the states, the Rockefellers and Carnegie foundations were in full operation. The monopolists could now compound their wealth tax-free while competitors had to face a graduated income tax which made it difficult to amass capital."
... The escape hatch for the Insiders to avoid paying taxes was ready. By the time the income tax Amendment had been approved by the states, the Rockefellers and Carnegie foundations were in full operation. The monopolists could now compound their wealth tax-free while competitors had to face a graduated income tax which made it difficult to amass capital."
Gary Allen in his book "None Dare Call It Conspiracy"
Lloyd Blankfein / J. P. Morgan
Lloyd Blankfein / J. P. Morgan
INVESTMENT BANKERSIMMENSE FINANCIAL POWER ON A GLOBAL SCALE
"Hundreds of years ago, bankers began to specialize, with the richer and more influential ones associated increasingly with foreign trade and foreign-exchange transactions. Since these were richer and more cosmopolitan and increasingly concerned with questions of political significance, such as stability and debasement of currencies, war and peace, dynastic marriages, and worldwide trading monopolies, they became the financiers and financial advisers of governments.
Moreover, since their relationships with governments were always in monetary terms and not real terms, and since they were always obsessed with the stability of monetary exchanges between one country's money and another, they used their power and influence to do two things: (1) to get all money and debts expressed in terms of a strictly limited commodity-ultimately gold; and (2) to get all monetary matters out of the control of governments and political authority, on the ground that they would be handled better by private banking interests."
Moreover, since their relationships with governments were always in monetary terms and not real terms, and since they were always obsessed with the stability of monetary exchanges between one country's money and another, they used their power and influence to do two things: (1) to get all money and debts expressed in terms of a strictly limited commodity-ultimately gold; and (2) to get all monetary matters out of the control of governments and political authority, on the ground that they would be handled better by private banking interests."
Carroll Quigley, in his book "Tragedy and Hope"
"The one aim of these financiers is world control by the creation of inextinguishable debt."
Henry Ford, Founder, Ford Motors
"There is a special breed of international financiers whose success typically is built upon certain character traits. Those include cold objectivity, immunity to patriotism, and indifference to the human condition. That profile is the basis for proposing a theoretical strategy, called the Rothschild Formula, which motivates such men to propel governments into war for the profits they yield... As long as the mechanism of central banking exists, it will be to such men an irresistible temptation to convert debt into perpetual war and war into perpetual debt."
G. Edward Griffin in his book "The Creature from Jekyll Island"
"The dominant element in our financial oligarchy is the investment banker. Associated banks, trust companies and life insurance companies are his tools.The development of our financial oligarchy followedlines with which the history of political despotism has familiarized us: usurpation, proceeding by gradual encroachment rather than violent acts, subtle and often long-concealed concentration of distinct functions.It was by processes such as these that Caesar Augustus became master of Rome."
Pujo Committee - House Committee on Banking and Currency, 1912
"The power of investment bankers over governments rests on a number of factors, of which the most significant, perhaps, is the need of governments to issue short-term treasury bills as well as long-term government bonds. Just as businessmen go to commercial banks for current capital advances to smooth over the discrepancies between their irregular and intermittent incomes and their periodic and persistent outgoes (such as monthly rents, annual mortgage payments, and weekly wages), so a government has to go to merchant bankers (or institutions controlled by them) to tide over the shallow places caused by irregular tax receipts."
Carroll Quigley in his book "Tragedy & Hope"
"We must keep the people busy with political antagonisms... By dividing the electorate ... we'll be able to have them spend their energies at struggling amongst themselves on questions that, for us, have no importance whatsoever.
... Let us make use of the courts... When through the law's intervention, the common people shall have lost their homes, they will be more easy to control and more easy to govern, and they shall not be able to resist the strong hand of the Government acting in accordance with ... the control of the leaders of finance."
... Let us make use of the courts... When through the law's intervention, the common people shall have lost their homes, they will be more easy to control and more easy to govern, and they shall not be able to resist the strong hand of the Government acting in accordance with ... the control of the leaders of finance."
United States Bankers magazine, 1892
"World bankers, by pulling a few simple levers that control the flow of money, can make or break entire economies. By controlling press releases of economic strategies that shape national trends, the power elite are able to not only tighten their stranglehold on this nation's economic structure, but can extend that control world wide. Those possessing such power would logically want to remain in the background, invisible to the average citizen."
Aldous Huxley
"Three of Wall Street's major financial consortiums, those controlled by the J.P. Morgan, Rothschild, and Rockefeller interests, agreed to split the 1912 Republican vote by backing former President Teddy Roosevelt against the isolationist incumbent, William Howard Taft. The plan was to help Democratic nominee Woodrow Wilson. The understanding was Wilson would help create a Federal Reserve bank system and an income tax after his election, listen to his backers in creating his cabinet, and be mindful of the importance of intervention on behalf of the United Kingdom in case of world war with Germany.
... Once in office, Wilson implemented each of the four Wall Street goals in ways that resonate through history to the present. In essence, a Democratic presidential candidate did Wall Street's bidding through his top aide, Colonel Edward Mandel House.
... Once in office, Wilson implemented each of the four Wall Street goals in ways that resonate through history to the present. In essence, a Democratic presidential candidate did Wall Street's bidding through his top aide, Colonel Edward Mandel House.
Andrew Kreig
"The substantive financial powers of the world were in the hands of investment bankers (also called "international" or "merchant" bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks. This dominance of investment bankers was based on their control over the flows of credit and investment funds in their own countries and throughout the world. They could dominate the financial and industrial systems of their own countries by their influence over the flow of current funds through bank loans, the discount rate, and the re-discounting of commercial debts; they could dominate governments by their control over current government loans and the play of the international exchanges. Almost all of this power was exercised by the personal influence and prestige of men who had demonstrated their ability in the past to bring off successful financial coupes to keep their word, to remain cool in a crisis, and to share their winning opportunities with their associates. In this system the Rothschilds had been preeminent during much of the nineteenth century, but, at the end of that century, they were being replaced by J. P. Morgan whose central office was in New Yok, although it was always operated as if it were in London."
Carroll Quigley, in his book "Tragedy and Hope"
"The world's money-lenders became experts at parasitic high finance and got rich through the explosive growth of fractional reserve banking. These people have dominated the economies of nations through such institutions as the Bank of England, the Federal Reserve System, the Bank of International Settlements (BIS), and other central and commercial banks, currency and commodity exchanges, and stock and bond markets."
Richard C. Cook, 2008
"In 1899, J. Pierpont Morgan and Anthony Drexel went to England to attend the International Bankers Convention. When they returned, J.P. Morgan had been appointed head representative of the Rothschild interests in the United States.
As the result of the London Conference, J.P. Morgan and Company of New York, Drexel and Company of Philadelphia, Grenfell and Company of London, Morgan Harjes Cie of Paris, M.M. Warburg Company of Germany and America, and the House of Rothschild, were all affiliated."
As the result of the London Conference, J.P. Morgan and Company of New York, Drexel and Company of Philadelphia, Grenfell and Company of London, Morgan Harjes Cie of Paris, M.M. Warburg Company of Germany and America, and the House of Rothschild, were all affiliated."
William Guy Carr in his book "Pawns In The Game"
"The merchant bankers of London had already at hand in 1810-1850 the Stock Exchange, the Bank of England, and the London money market... In time they brought into their financial network the provincial banking centers, organized as commercial banks and savings banks, as well as insurance companies, to form all of these into a single financial system on an international scale which manipulated the quantity and flow of money so that they were able to influence, if not control, governments on one side and industries on the other."
Carroll Quigley in his book "Tragedy and Hope"
"Banks aren't interested in lending money to businesses that they think are going to pay them back immediately and not borrow any more. They prefer to lend to businesses that they know are going to grow and need more and more money, and become bigger and better customers, and pay more and more interest. They are interested in keeping their money out and earning interest. Their motive is profit."
Des Griffin in his book "Descent Into Slavery?"
"The real menace of our republic is the invisible government, which, like a giant octopus, sprawls its slimy length over our city, state and nation. At the head is a small group of banking houses generally referred to as 'international bankers.' This little coterie of powerful international bankers virtually run our government for their own selfish ends."
John F. Hylan, 1922, Mayor of New York, in a speech
"The history of the last century shows that the advice given to governments by bankers [who control the governments) like the advice they gave to industrialists, was consistently good for the bankers, but often disastrous for governments, businessmen, and the people generally. Such advice could be enforced if necessary by manipulation of exchanges, gold flows, discount rates, and even levels of business activity."
Carroll Quigley in his book "Tragedy and Hope"
"International bankers make money by extending credit to governments. The greater the debt of the political state, the larger the interest returned to lenders. The national banks of Europe are also owned and controlled by private interests. We recognize in a hazy sort of way that the Rothschilds and the Warburgs of Europe and the houses of JP Morgan, Kuhn Loeb & Co., Schff, Lehman and Rockefeller possess and control vast wealth. How they acquire this vast financial power and employ it is a mystery to most of us."
Senator Barry M. Goldwater in his memoirs "With No Apologies"
"A handful of investment banks exerts an enormous amount of control over the global economy. Their activities include advising Third World debt negotiations, handling mergers and breakups, creating companies to fill a perceived economic void through the launching of initial public stock offerings, underwriting all stocks, underwriting all corporate and government bond issuance, and pushing the bandwagon down the road of privatization and globalization of the world economy."
Dean Henderson in his book "Big Oil & Their Bankers in the Persian Gulf"
"{The goal of a cabal of global financiers linked to J.P. Morgan and Company was] nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. 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 in the business world."
Carroll Quigley in his book "Tragedy and Hope"
"J. P. Morgan, with the assistance and cooperation of a few of the interlocking corporations which reach all over the United States in their influence, controls every railroad in the United States. They control practically every public utility, they control literally thousands of corporations, they control all of the large insurance companies. Mr. President, we are gradually reaching a time, if we have not already reached that point, when the business of the country is controlled by men who can be named on the fingers of one hand, because those men control the money of the Nation, and that control is growing at a rapid rate."
US Senator Norris, in a speech, Congressional Record of November 30, 1941
"Because of its dominant position in Wall Street, the [J. P.] Morgan firm came also to dominate other Wall Street powers, such as Carnegie, Whitney, Vanderbilt, Brown-Harriman, or Dillon-Reed. Close alliances were made with Rockefeller, Mellon, and Duke interests but not nearly so intimate ones with the great industrial powers like du Pont and Ford. [Because] ... of the great influence of this "Wall Street" alignment, an influence great enough to merit the name of the "American Establishment," this group could ... control the Federal government and, in consequence, had to adjust to a good many government actions ... [which they had secretly supported ]. The chief of these were in taxation law, beginning with the graduated income tax in 1913, but culminating, above all else, in the inheritance tax. These tax laws drove the great private fortunes dominated by Wall Street into tax-exempt foundations, which became a major link in the Establishment network between Wall Street, the Ivy League, and the Federal government."
Carroll Quigley, historian and Georgetown University professor, in his book "Tragedy and Hope"
"More than fifty years ago the [J. P.] Morgan firm decided to infiltrate the Left-wing political movements in the United States. This was relatively easy to do, since these groups were starved for funds and eager for a voice to reach the people. Wall Street supplied both. The purpose was not to destroy, dominate, or take over but was really threefold: (1) to keep informed about the thinking of Left-wing or liberal groups; (2) to provide them with a mouthpiece so that they could 'blow off steam,' and (3) to have a final veto on their publicity and possibly on their actions, if they ever went 'radical.' There was nothing really new about this decision, since other financiers had talked about and even attempted it earlier."
Carroll Quigley, historian and Georgetown University professor, in his book "Tragedy and Hope"
"President Theodore Roosevelt was a political steward of the J.P. Morgan interests which dominated Wall Street."
Webster Griffin Tarpley and Anton Chaitkin in theri book "George Bush : The Unauthorized Biography"
"Sixty or more years ago, public life in the West was dominated by the influence of "Wall Street."... This group, which in the United States, was completely dominated by J. P. Morgan and Company from the 1880's to the 1930's was cosmopolitan, Anglophile, internationalist, Ivy League, eastern seaboard, high Episcopalian, and European-culture conscious. Their connection with the Ivy League colleges rested on the fact that the large endowments of these institutions required constant consultation with the financiers of Wall Street and was reflected in the fact that these endowments, even in 1930, were largely in bonds rather than in real estate or common stocks. As a consequence of these influences, as late as the 1930's, J. P. Morgan and his associates were the most significant figures in policy making at Harvard, Columbia, and to a lesser extent Yale, while the Whitneys were significant at Yale, and the Prudential Insurance Company dominated Princeton."
Carroll Quigley, historian and Georgetown University professor, in his book "Tragedy and Hope"
MILITARY-INDUSTRIAL COMPLEXHUGE PROFITS FROM DEATH AND DESTRUCTION
"I spent thirty-three years in the Marines, most of my time being a hlgh class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer for capitalism.
I helped purify Nicaragua for the international banking house of Brown Brothers in 1910-1912. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I brought light to the Dominican Republic for American sugar interests in 1916. I helped make Haiti and Cuba a decent place for the National City [Bank] boys to collect revenue in. I helped in the rape of half a dozen Central American republics for the benefit of Wall Street.
In China in 1927 l helped to see to it that Standard Oil went its way unmolested.
I had a swell racket. l was rewarded with honors, medals, promotions. l might have given Al Capone a few hints. The best he could do was to operate a racket in three city districts. The Marines operated on three continents."
I helped purify Nicaragua for the international banking house of Brown Brothers in 1910-1912. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I brought light to the Dominican Republic for American sugar interests in 1916. I helped make Haiti and Cuba a decent place for the National City [Bank] boys to collect revenue in. I helped in the rape of half a dozen Central American republics for the benefit of Wall Street.
In China in 1927 l helped to see to it that Standard Oil went its way unmolested.
I had a swell racket. l was rewarded with honors, medals, promotions. l might have given Al Capone a few hints. The best he could do was to operate a racket in three city districts. The Marines operated on three continents."
General Smedley Butler, former US Marine Corps Commandant, 1935
"There are factions in many governments that crave a state of endless war because that is when power is least constrained and profit most abundant."
www.washingtonsblog.com
"The global elite have consistently used a strategy of arming and funding both sides of armed conflicts. While opposing populations kill each other off, they make off with their natural resources. When they confront a government that cannot be bribed or provoked into civil or regional war, they fund brutal death squads, attempt military coups and intimidate them by giving weapons to undemocratic neighboring regimes. If all that doesn't work, they are declared a threat to national security and the US military, private contractors and NATO forces invade and occupy the country."
David Degraw in his book "Revolution or World War III"
"The war against a foreign country only happens when the moneyed classes think they are going to profit from it."
George Orwell
"WaIl Street financed the German cartels in the mid-1920s which in turn proceeded to bring Hitler to power.
The financing for Hitler and his S.S. street thugs came in part from affiliates or subsidiaries of U.S. firms, including Henry Ford in 1922, payments by I. G. Farben and General Electric in 1933, followed by the Standard Oil of New Jersey and I.T.T. subsidiary payments to Heinrich Himmler up to 1944.
U.S. multi-nationals under the control of Wall Street profited handsomely from Hitler's military construction program in the 1930s and at least until 1942.
International bankers used political influence in the U. S. to cover up their wartime collaboration."
The financing for Hitler and his S.S. street thugs came in part from affiliates or subsidiaries of U.S. firms, including Henry Ford in 1922, payments by I. G. Farben and General Electric in 1933, followed by the Standard Oil of New Jersey and I.T.T. subsidiary payments to Heinrich Himmler up to 1944.
U.S. multi-nationals under the control of Wall Street profited handsomely from Hitler's military construction program in the 1930s and at least until 1942.
International bankers used political influence in the U. S. to cover up their wartime collaboration."
Antony C. Sutton in his book "Wall Street and the Rise of Hitler", 1976
"[The trustees of the Carnegie Endowment for International Peace, at a 1911 meeting] ... discussed the question ... 'Is there any means known to man more effective than war, assuming you wish to alter the life of an entire people?' And they discussed this and at the end of a year they came to the conclusion that there was no more effective means to that end known to man. So, they raised question number two, and the question was, 'How do we involve the United States in a war?"
Norman Dodd, the Research Director of the 1954 House of Representatives' Special Committee to Investigate Tax Exempt Foundations (the Reece Committee)
"Since the keystone of the international banking empires has been government bonds it has been in the interest of these international bankers to encourage government debt. The higher the debt the more the interest. Nothing drives government deeply into debt like a war; and it has not been an uncommon practice among international bankers to finance both sides of the bloodiest military conflicts."
Gary Allen in his book "None Dare Call It Conspiracy"
"During a war you will never see the Vatican, City of London or Switzerland get attacked. On the grand chessboard these are considered neutral ground because it is where all the money flows. Without money to fund war, there is no war."
from an article "Bank of England, City of London and The Queen" http://wideshut.co.uk
"Central banks have utilized and promoted wars for their own profit, starting with the Rothschild involvement with the Napoleonic wars, and continuing up to the present day."
G. Edward Griffin in his book "The Creature from Jekyll Island"
"Wars should be directed so that the nations on both sides should be further in our debt."
Amschel Mayer Rothschild, 1774
"Endless war has ruined our economy. It benefits a handful of elites, while levying a tax on the vast majority of Americans.
Congress members - part of the super-elite which has made money hand over fist during this economic downturn - are heavily invested in the war industry, and routinely trade on inside information perhaps even including planned military actions.
No wonder the American government is making the state of war permanent, and planning to unleash new, widespread wars in the near future."
Congress members - part of the super-elite which has made money hand over fist during this economic downturn - are heavily invested in the war industry, and routinely trade on inside information perhaps even including planned military actions.
No wonder the American government is making the state of war permanent, and planning to unleash new, widespread wars in the near future."
www.washingtonsblog.com, 2014
"The division of the United States into federations of equal force [The North & The South] was decided long before the Civil War. These bankers were afraid that the United States would upset their financial domination over the world. The voice of the Rothschilds prevailed."
German Chancellor Otto von Bismarck
"The Carnegie Endowment supported U.S. entry into the war {WW I], not for any patriotic purpose, but so that the war would provide an excuse for, if not necessitate, Andrew Carnegie's goal of British-American regional government."
William H Mcllhany II, from an article "Tax Exempt Foundations", 1980
"The Carnegie Endowment supported U.S. entry into the war {WW I], not for any patriotic purpose, but so that the war would provide an excuse for, if not necessitate, Andrew Carnegie's goal of British-American regional government."
"There are few historians who would challenge the fact that the funding of World War I, World War II, the Korean War, and the Vietnam War was accomplished ... through the Federal Reserve System. An overview of all wars since the establishment of the Bank of England in 1694 suggests that most of them would have been greatly reduced in severity, or perhaps not even fought at all, without fiat money. It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a central bank has become the preferred method of accomplishing that."
G. Edward Griffin in his book "The Creature from Jekyll Island"
"For over 150 years it has been standard operating procedure of the Rothschilds and their allies to control both sides of every conflict. You must have an "enemy" if you are going to collect from the King."
Gary Allen in his book "None Dare Call It Conspiracy"
"World War I created astronomical debts in the nations that participated. These debts were held by the international bankers who organized and stage-managed the whole show from start to finish.
... Although the American people were clearly the losers in World War I, as were the people of the other participating nations, there was one group for which World War I was an unqualified success: The Big Bankers."
... Although the American people were clearly the losers in World War I, as were the people of the other participating nations, there was one group for which World War I was an unqualified success: The Big Bankers."
Des Griffin in his book "Descent Into Slavery?"
"International bankers make money by extending credit to governments. The greater the debt of the political state, the larger the interest returned to lenders."
Senator Barry M. Goldwater in his memoirs "With No Apologies"
"Without war, no government has ever been able to obtain acquiescence in its 'legitimacy,' or right to rule its society... Obviously, if the war system were to be discarded, new political machinery would be needed at once to serve this vital subfunction. Until it is developed, the continuance of the war system must be assured, if for no other reason, among others, than to preserve whatever quality and degree of poverty a society requires as an incentive, as well as to maintain the stability of its internal organization of power."
Report from Iron Mountain, 1967
"The primary aim of modern warfare is to use up the products of the machine without raising the general standard of living... the essential act of war is destruction, not necessarily of human lives, but of the products of human labor. The two aims ... are to conquer the whole surface of the earth and to extinguish once and for all the possibility of independent thought."
George Orwell in his book "1984"
"Every country suspended the gold standard at the outbreak of the war [WWI]... This removed the automatic limitation on the supply of paper money. Then each country proceeded to pay for the war by borrowing from the banks. The banks created the money which they then lent by merely giving the Government a deposit of any size against which the Government could draw checks. The banks were no longer limited in the amount of credit they could create because they no longer had to pay out gold for checks on demand. Thus the creation of money in the form of credit by the banks was limited only by the demands of its borrowers.
... The middle classes of European society, with their bank savings, checking deposits, mortgages, insurance and bond holdings ... were injured or even ruined by the wartime inflation."
... The middle classes of European society, with their bank savings, checking deposits, mortgages, insurance and bond holdings ... were injured or even ruined by the wartime inflation."
Carroll Quigley in his book "Tragedy and Hope"
"The contribution made by American capitalism to German war preparations before 1940, can only be described as phenomenal. It was certainly crucial to German military preparations. Evidence suggests that not only was an influential sector of American business aware of the nature of Nazism, but for its own purposes aided Nazism whenever possible - with full knowledge that the probable outcome would be war involving Europe and the United States."
Antony C. Sutton in his book "Wall Street and the Rise of Hitler"
"The thoroughly documented evidence regarding the heavy involvement of leading American banking and industrial interests in the rise of Hitler's Third Reich is a matter of public record. It is to be found in the records and reports from government hearings."
Des Griffin in his book "Descent Into Slavery?"
"The House of Morgan financed half the US World War II war effort. Morgan had also financed the British Boer War in South Africa and the Franco-Prussian War."
Dean Henderson in his book "Big Oil & Their Bankers in the Persian Gulf"
"There is a special breed of international financiers whose success typically is built upon certain character traits. Those include cold objectivity, immunity to patriotism, and indifference to the human condition. That profile is the basis for proposing a theoretical strategy, called the Rothschild Formula, which motivates such men to propel governments into war for the profits they yield... As long as the mechanism of central banking exists, it will be to such men an irresistible temptation to convert debt into perpetual war and war into perpetual debt."
G. Edward Griffin in his book "The Creature from Jekyll Island"
"The essential act of war is destruction, not necessarily of human lives, but of the products of human labour. War is a way of shattering to pieces, or pouring into the stratosphere, or sinking in the depths of the sea, materials which might otherwise be used to make the masses too comfortable, and hence, in the long run, too intelligent. Even when weapons of war are not actually destroyed, their manufacture is still a convenient way of expending labour power without producing anything that can be consumed.
... War accomplishes the necessary destruction, but accomplishes it in a psychologically acceptable way. In principle it would be quite simple to waste the surplus labour of the world by building temples and pyramids, by digging holes and filling them up again, or even by producing vast quantities of goods and then setting fire to them. But this would provide only the economic and not the emotional basis for a hierarchical society."
... War accomplishes the necessary destruction, but accomplishes it in a psychologically acceptable way. In principle it would be quite simple to waste the surplus labour of the world by building temples and pyramids, by digging holes and filling them up again, or even by producing vast quantities of goods and then setting fire to them. But this would provide only the economic and not the emotional basis for a hierarchical society."
George Orwell in his book "1984"
"The first step in having a Central Bank established in a country is to get them to accept an outrageous loans, which puts the country in debt of the Central Bank and under the control of the Rothschilds. If the country does not accept the loan, the leader of this particular country will be assassinated and a Rothschild aligned leader will be put into the position, and if the assassination does not work, the country will be invaded and have a Central Bank established with force all under the name of terrorism."
www.godlikeproductions.com, 10/23/11
"Western textbooks have gigantic gaps. For example, after World War II the Tribunals set up to investigate Nazi war criminals were careful to censor any materials recording Western assistance to Hitler. By the same token, Western textbooks on Soviet economic development omit any description of the economic and financial aid given to the 1917 Revolution and subsequent economic development by Western firms and banks."
Antony Sutton in his book "America's Secret Establishment", 1983
"The principal link between Hitler and the Wall Street money barons was Hjalmar Horace Greely Schacht, the president of the Reichsbank whose family for many years were closely aligned to the international financial elite. Schacht was the man who masterminded the plan to rebuild Germany and create the Bank of International Settlements."
Des Griffin in his book "Descent Into Slavery?"
"The House of Rothschild financed the Prussian War, the Crimean War and the British attempt to seize the Suez Canal from the French. Nathan Rothschild made a huge financial bet on Napoleon at the Battle of Waterloo, while also funding the Duke of Wellington's peninsular campaign against Napoleon. Both the Mexican War and the Civil War were goldmines for the family."
Dean Henderson
"I spent 33 years in the Marines, most of my time being a high-class muscle man for big business, for Wall Street and the bankers. In short, I was a racketeer for Capitalism... The general public shoulders the bill. This bill renders a horrible accounting. Newly placed gravestones, Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Back-breaking taxation for generations and generations."
General Smedley D. Butler, 1935
"Both fascist and communist systems are based on naked, unfettered political power and individual coercion. Both systems require monopoly control of society. While monopoly control of industries was once the objective of J.P. Morgan and J.D. Rockefeller, by the late nineteenth century the inner sanctums of Wall Street understood that the most efficient way to gain an unchallenged monopoly was to 'go political' and make society go to work for the monopolists," and that, "the totalitarian socialist state is a perfect captive market for monopoly capitalists, if an alliance can be made with the socialist powerbrokers."
Antony C. Sutton in his book "Wall Street and the Rise of Hitler", 1976
"Central banks have utilized and promoted wars for their own profit, starting with the Rothschild involvement with the Napoleonic wars, and continuing up to the present day."
G. Edward Griffin in his book "The Creature from Jekyll Island"
"I. G. Farben and Standard Oil of New Jersey suppressed development of the synthetic rubber industry in the United States, to the advantage of the German Wehrmacht and to the disadvantage of the United States in World War II."
Antony C. Sutton in his book "Wall Street and the Rise of Hitler", 1976
"The Western Powers continued their unrelenting assault on German cities during World War II... Day after day, week after week they criss-crossed these urban areas laying down a thick blanket of bombs which blasted Germany's cities into oblivion. Civilian casualties were enormous, numbering in the hundreds of thousands. Strategically, such 'blanket bombing' served no useful purpose; it contributed little to the war effort. If concentrated elsewhere, on targets of vital significance, this colossal fire-power could have appreciably shortened the duration of the war.
The official 'reason given for this wanton destruction of civilian lives and property was that the raids would undermine the morale of the German population. The real reason was that the international bankers and their cohorts were using the Allies' awesome air power as their unofficial wrecking crew - their bulldozers and demolition crews - to prepare Germany for their planned urban renewal project at the conclusion of hostilities. The airborne 'bulldozers' did the preparation work free. The 'Big Boys' were relieved of the huge expense of having it demolished. With most German cities 90% demolished in the war, this cost was kept to a minimum! After the war much of this vacant ground was picked up for a few cents on the dollar by the international urban renewers."
The official 'reason given for this wanton destruction of civilian lives and property was that the raids would undermine the morale of the German population. The real reason was that the international bankers and their cohorts were using the Allies' awesome air power as their unofficial wrecking crew - their bulldozers and demolition crews - to prepare Germany for their planned urban renewal project at the conclusion of hostilities. The airborne 'bulldozers' did the preparation work free. The 'Big Boys' were relieved of the huge expense of having it demolished. With most German cities 90% demolished in the war, this cost was kept to a minimum! After the war much of this vacant ground was picked up for a few cents on the dollar by the international urban renewers."
Des Griffin in his book "Descent Into Slavery?"
"Henry Ford and Edsel Ford respectively contributed money to Hitler and profited from German wartime production. Standard Oil of New Jersey, General Electric, General Motors, and I.T.T ... made financial or technical contributions which comprise prima facie evidence of "participating in planning or carrying out Nazi enterprises."
Antony C. Sutton in his book "Wall Street and the Rise of Hitler", 1976
"In the latter half of the 1800s European financiers were in favor of an American Civil War that would return the United States to its colonial status.
The Civil War, lasted from 1861 until 1865, during which, Congress also set up a national bank, putting the government into partnership with the banking interests, guaranteeing their profits."
The Civil War, lasted from 1861 until 1865, during which, Congress also set up a national bank, putting the government into partnership with the banking interests, guaranteeing their profits."
Andrew Gavin Marshall, G
"The so-called establishment in the U.S. uses "managed conflict." The practice of "managing" crises to bring about a favorable outcome - favorable to the elite."
Antony Sutton in his book "America's Secret Establishment", 1983
"The Rothschild family accumulated its vast wealth issuing war bonds to Black Nobility for centuries, including the British Windsors, the French Bourbons, the German von Thurn und Taxis, the Italian Savoys and the Austrian and Spanish Hapsburgs."
Dean Henderson in his book "Big Oil & Their Bankers In The Persian Gulf"
"College textbooks present war and revolution as more or less accidental results of conflicting forces. The decay of political negotiation into physical conflict comes about, according to these books, after valiant efforts to avoid war. Unfortunately, this is nonsense. War is always a deliberate creative act by individuals."
Antony Sutton in his book "America's Secret Establishment", 1983
"If you look back at every war in Europe... you will see that they always ended up with the establishment of a balance of power. With every reshuffling there was a balance of power in a new grouping around the House of Rothschild in England, France or Austria. They grouped nations so that if any King got out of line, a war would break out and the war would be decided by which way the financing went. Researching the debt positions of warring nations will usually indicate who was being punished."
Professor Stuart Crane from Dean Henderson's book "Big Oil & Their Bankers in the Persian Gulf"
"The preparation for war is useful to the holders of centralized political power. When things go badly at home, when popular discontent becomes inconveniently articulate, it is always possible, in a world where war-making remains an almost sacred habit, to shift the people's attention away from domestic to foreign and military affairs. A flood of xenophobic or imperialistic propaganda is released by the government-controlled instruments of persuasion, a "strong policy" is adopted toward some foreign power, an appeal for "national unity" (in other words, unquestioning obedience to the ruling oligarchy) is launched, and at once it becomes unpatriotic for anybody to voice even the most justifiable complaints against mismanagement or oppression. It is difficult to see how any highly centralized government could afford to dispense with militarism and the threat of foreign war."
Aldous Huxley in his book " Science, Liberty and Peace", 1946
TheThe modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented.
... Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again. Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in.
But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit."
But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit."
Sir Josiah Stamp, president of the Bank of England in the 1920s, the second richest man in Britain, speaking at the Commencement Address of the University of Texas in 1927
"The United States can print its own money for nothing, but it doesn't. Instead, it pays interest to the Federal Reserve."
Charlie Robinson, in his book "The Octopus of Global Control", 2017
"When the US government needs money, it either collects it in taxes or it issues bonds. These bonds are sold to the Federal Reserve , and the Fed, in turn, makes book entry deposits. This "debt money" created out of thin air is then made available to the US government. But if the US government can issue Treasury bills, notes and bonds, it can also issue currency, as it did prior to the formation of the Federal Reserve. If the U.S. issued its own money, that money could cover all its expenses, and the income tax wouldn't be needed. So what's the objection to getting rid of the Fed and letting the US government issue its own currency? Easy, it cuts out the bankers and it eliminates the income tax."
Richard Russell, Dow Theory Letter, April 2005
"The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default."
Alan Greenspan, former Director, Federal Reserve
"The Federal Reserve Act of 1913 was a coup that authorized a private cartel to create money out of nothing, lend it to the government with interest and control the national money supply, expanding or contracting it at will."
Nikki Alexander, 2009
"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
"The ultimate control over the world economy is achieved through command over money creation: through fiat money, by creating money from nothing."
Michel Chossudovsky
"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."
"Putting it simply" Boston Federal Reserve Bank
"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."
Robert H. Hemphill, former Credit Manager of Federal Reserve Bank, Atlanta, Ga., 1935
"The creation of paper claims greater than the reserves available means that bankers were creating money out of nothing. The same thing could be done in another way, not by note-issuing banks but by deposit banks. Deposit bankers discovered that orders and checks drawn against deposits by depositors and given to third persons were often not cashed by the latter but were deposited to their own accounts. Thus there were no actual movements of funds, and payments were made simply by bookkeeping transactions on the accounts. Accordingly, it was necessary for the banker to keep on hand in actual money (gold, certificates, and notes) no more than the fraction of deposits likely to be drawn upon and cashed; the rest could be used for loans, and if these loans were made by creating a deposit for the borrower, who in turn would draw checks upon it rather than withdraw it in money, such "created deposits" or loans could also be covered adequately by retaining reserves to only a fraction of their value. Such created deposits also were a creation of money out of nothing."
Carroll Quigley, historian and Georgetown University professor, in his book "Tragedy and Hope"
"A private bank, the Federal Reserve, charges the United States government interest to create the money."
Charlie Robinson, in his book "The Octopus of Global Control", 2017
"The counterfeit option is available only if a country happens to be in the unique position of having its currency accepted as the medium of international trade, as has been the case for the United States. In that event it is possible to create money out of nothing, and other nations have no choice but to accept it... The result is that America has continued to finance its trade deficit with fiat money - counterfeit, if you will - a feat which no other nation in the world could hope to accomplish."
G. Edward Griffin
"It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning."
Henry Ford, founder of the Ford Motor Company
"The organizational structure for creating means of payment out of nothing, we call credit."
Carroll Quigley, historian and Georgetown University professor, in his book "Tragedy and Hope"
"The U.S. bailout shows that countries do not need to borrow credit from foreign banks at all. The government could have created its own money and credit system rather than leaving foreign creditors to accrue interest charges that now represent a permanent and seemingly irreversible balance-of-payments drain. The United States has shown that any country can monetize its own credit, at least domestic credit."
Michael Hudson and Jeffrey Sommers, 2008
"The Western banking system controls a worldwide electronic banking network. The control of money creation at a world level constitutes the ultimate instrument of economic and social domination. The creation of fiat money provides a command over the real economies of countries worldwide. The ultimate lever of the U.S.-NATO imperial design is to override and destroy national currencies."
Michel Chossudovsky
"I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain's money supply controls the British Empire and I control the British money supply."
Nathan Mayer Rothschild
"In 1861 the Civil War began, resulting in a monetary as well as a political crisis. Congress imposed the first U.S. income tax and sharply increased excise taxes. New York bankers, also acting as agents for British and European financiers, demanded extortionist rates of interest from President Abraham Lincoln to purchase government bonds, but he refused these terms.
Congress, in emergency legislation, authorized $450 million in Greenbacks, not immediately redeemable in specie, which were spent into circulation in payment of government war obligations. Greenbacks constituted eleven percent of the circulating currency at this time and were no more inflationary than would be expected from the usual wartime price increases.
Again, Congress had decided to treat credit as a public utility, not the property of private bankers. Ordinary citizens recognized at the time that it was the Greenbacks, a true democratic currency, which saved the Union. Also at this time the federal government began to market war bonds directly to citizens, again bypassing the banks."
Congress, in emergency legislation, authorized $450 million in Greenbacks, not immediately redeemable in specie, which were spent into circulation in payment of government war obligations. Greenbacks constituted eleven percent of the circulating currency at this time and were no more inflationary than would be expected from the usual wartime price increases.
Again, Congress had decided to treat credit as a public utility, not the property of private bankers. Ordinary citizens recognized at the time that it was the Greenbacks, a true democratic currency, which saved the Union. Also at this time the federal government began to market war bonds directly to citizens, again bypassing the banks."
Richard C. Cook
"Once the government reclaims the power to create money from the banks, it will no longer need to sell its bonds to investors. It will not even need to levy income taxes... government-issued money would actually be less inflationary than the system we have now; and it is precisely because power and money corrupt that money creation needs to be done by a public body, exercised in full view and with full accountability... what has allowed government to be corrupted today is that it is actually run by the money cartel. Big business holds all the cards, because its affiliated banks have monopolized the business of issuing and lending the national money supply, a function the Constitution delegated solely to Congress."
Ellen Brown in her book "Web Of Debt"
fractional reserve banking
"Beginning in 16th century, savers looking to keep their valuables in safekeeping depositories deposited gold and silver at goldsmiths, receiving in exchange a note for their deposit. These notes gained acceptance as a medium of exchange for commercial transactions and thus became as an early form of circulating paper money.
As the notes were used directly in trade, the goldsmiths observed that people would not usually redeem all their notes at the same time, and they saw the opportunity to invest their coin reserves in interest-bearing loans and bills. This generated income for the goldsmiths but left them with more notes on issue than reserves with which to pay them. A process was started that altered the role of the goldsmiths from passive guardians of bullion, charging fees for safe storage, to interest-paying and interest-earning banks. Thus fractional-reserve banking was born."
As the notes were used directly in trade, the goldsmiths observed that people would not usually redeem all their notes at the same time, and they saw the opportunity to invest their coin reserves in interest-bearing loans and bills. This generated income for the goldsmiths but left them with more notes on issue than reserves with which to pay them. A process was started that altered the role of the goldsmiths from passive guardians of bullion, charging fees for safe storage, to interest-paying and interest-earning banks. Thus fractional-reserve banking was born."
Wikipedia
MONETARY SYSTEMDEBT-BASED MONEY MONOPOLY
"All money is created in the form of debt to the privately owned banking cartel. Imagine if you could create money out of thin air. Imagine you have the credit cards of all the nations in your pocket. Your first impulse is to lend money to your nominees so they can buy most of the world's real wealth for you. Your second impulse is to establish a totalitarian system ("world government" globalization) to prevent any nation from challenging this system or defaulting on their "debt" to you. To make them accept "world government," you need to weaken them by having them fight among themselves, run up huge debts for armaments (which you will sell them), kill off the cream of their manhood, and become demoralized and decadent. You accomplish this through your ownership of politicians and the press and your control of MI-6, CIA who will carry out assassinations and acts of terror. This is the real history of the last 300 years."
Henry Makow
" America is the largest debtor nation, and at the same time it is the world's creditor. "Creating money out of thin air", while at the same time imposing the U.S. dollar as a global currency constitutes the ultimate instrument of conquest and imperial domination.
The U.S. monetary system is supported by the most powerful military power on earth. The dollar is backed by U.S. military might, which constitutes a means for displacing national currencies and imposing the U.S. dollar. In this regard, the Federal Reserve's overwhelming powers of money creation constitute an essential lever of an imperial monetary agenda.
... The Western banking system controls a worldwide electronic banking network. The control of money creation at a world level constitutes the ultimate instrument of economic and social domination. The creation of fiat money provides a command over the real economies of countries worldwide. The ultimate lever of the U.S.-NATO imperial design is to override and destroy national currencies."
Michel Chossudovsky in the book "The Global Economic Crisis"
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Henry Ford
The U.S. monetary system is supported by the most powerful military power on earth. The dollar is backed by U.S. military might, which constitutes a means for displacing national currencies and imposing the U.S. dollar. In this regard, the Federal Reserve's overwhelming powers of money creation constitute an essential lever of an imperial monetary agenda.
... The Western banking system controls a worldwide electronic banking network. The control of money creation at a world level constitutes the ultimate instrument of economic and social domination. The creation of fiat money provides a command over the real economies of countries worldwide. The ultimate lever of the U.S.-NATO imperial design is to override and destroy national currencies."
"All the banks are broke because we have a system called "Fractional Reserve Banking", which means that banks can loan money that they don't actually have. It's a criminal scandal and it has been going on for too long".. Most of the problems start in politics and central banks, which are part of the same political system. We have counterfeiting, sometimes called "quantitative easing", but counterfeiting by any other name. The artificial printing of money, which if any ordinary person did they'd go to prison for a very long time, and yet governments and central banks do it all the time. Central banks repress interest rates so we don't know the real cost of money... It's central banks that manipulate interest rates... When banks go broke through their own incompetence and chicanery, the taxpayer picks up the tab! It's theft from the taxpayer, and until we start sending bankers, including central bankers and politicians to prison for this outrage, it will continue!"
Godfrey Bloom, MEP, speaking at the European Parliament, 2013
"With fractional reserve banking, the law says that banks only need to keep 10% of value of their loans on hand, so if the bank loans someone $100,000, all they need to do is put $10,000 aside and then create the $100,000 as an entry in their ledger, borrow money from the Federal Reserve, and give it to the borrower. Where the bank makes their money is that they borrow the $100,000 from the Federal Reserve at a rate of 3% ($3,000) interest per year, as an example, then loan it to their banking customers at 6% ($6,000) interest per year."
Charlie Robinson, in his book "The Octopus of Global Control", 2017
"Fractional Reserve Banking is inherent fraud. Our monetary system is a 'Ponzi scheme' because it can only survive when you continually infuse it with newly conjured money. It is an entirely fraudulent system... We will never see things get better entirely until this system blows up completely."
Jeff Nielson, Bullion Bulls Canada
"When you deposit your money into an American bank, that money becomes the property of the bank. You became an unsecured creditor of the bank, meaning that you have given up your first position of ownership of that money. "
Charlie Robinson, in his book "The Octopus of Global Control", 2017
Throughout the Third World, currency devaluations ordered by the IMF have triggered hyperinflation and the collapse of national monetary systems."
Michel Chossudovsky in the book "The Global Economic Crisis"
"The real business [of the Bank of International Settlements (BIS)] gets done in "a sort of inner club made up of the half dozen or so powerful central bankers who find themselves more or less in the same monetary boat" - those from Germany, the United States, Switzerland, Italy, Japan and England... The prime value, which also seems to demarcate the inner club from the rest of the BIS members, is the firm belief that central banks should act independently of their home governments... A second and closely related belief of the inner club is that politicians should not be trusted to decide the fate of the international monetary system."
Edward Jay Epstein, 1983
"Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest"
Napoleon Bonaparte
[Napoleon cancelled debt and interest in France - hence the Battle of Waterloo with Britain.]
"In the United States, the "independent" banking system is known as the Federal Reserve System, a privately owned bank system interlocked with the Bilderbergers. In Europe, the independent banking system is run through the European Central Bank, whose monetary policies are put together by the leading members of the Bilderberg elite."
Daniel Estulin in his book "The Bilderberg Group"
[Napoleon cancelled debt and interest in France - hence the Battle of Waterloo with Britain.]
"The lifeblood of our economy, indeed the whole world's economy, is based on money. Without a currency that can be trusted, the entire structure of economics, the division of labor itself, falls apart. Our wealth, our well being and our very lives are dependent on the continuation of this highly complex structure called the economy and it in turn is dependent on sound money. We have placed our trust for the management of this money on a gang of thieves called the Federal Reserve. They have now clearly demonstrated their inability to restrain themselves from the excesses that can be perpetrated within a paper money system. If we want to survive as a nation, we need to eliminate both the Federal Reserve and paper money."
Lou Poumakis, "Economic Disaster, its Cause and Cure", 2009
"To allow the bankers to erect a monetary system on gold [gold standard] is to subject the producer to the money-broker and measure deferred payments by a yardstick that lengthens or shortens from year to year. The only safe and rational currency is a national currency based on the national credit, sponsored by the state, flexible, and controlled in the interests of the people as a whole."
Vernon Parrington summarized Greenbackers' position in the 1920s
"Sovereign nations do not have to borrow their money into existence., yet the United States has been deceived into doing this since 1913. The compounding interest on this debt is now growing exponentially, and cannot be sustained. Unfortunately, we cannot just pay down the national debt. All our money - except for coins - is created out of debt. Under this debt money system, to reduce the debt is to reduce the national money. The only solution is to restructure our monetary system to forbid government borrowing. Fortunately, this is nothing new. The U.S. and other nations have done it before.
The problem with the economy of every nation on earth has the same root - national debt - debt that is totally unnecessary... All nations can get out of debt and not incur any more debt. Any nation that did this would immediately stabilize their economic situation - that is, incur neither significant inflation, nor deflation - by design. Human societies run best on stability - a stable economic platform - one that can be predicted in the long term. Once the money power is taken away from the big banks and returned into the hands of we, the people, then economic common sense can return, and the nation's legislature can once again become responsive to the voting electorate instead of the bankers...In other words, what we need is a new human rights movement for the next generation based upon No More National Debt.
The economic problems that most people became aware of in the fall of 2008 are not reversing. Unemployment is still rising. Foreclosures are still rising. The world's economic death spiral into a deflationary depression must continue until the real problem is addressed. Our entire global economic system is at a tipping point."
Bill Still, No More National Debt
"The IMF, acting on behalf of Wall Street, calls the shots on the reform of national monetary systems. National currencies in Latin America, Africa, the Middle East and South East Asia are in large part controlled by Western financial institutions."
Michel Chossudovsky in the book "The Global Economic Crisis"
"The Federal Reserve was a privately-owned and controlled central banking system like the Bank of England. In creating it, Congress had ceded its constitutional authority over the nation's monetary system to the private financiers."
Richard C. Cook, 2007
"The U.S.-NATO military alliance supports the hegemony of both the U.S. dollar and the Euro. These two dominant global currency systems are intricately related. They are controlled and regulated by overlapping financial interests. The U.S.-Euro monetary arrangement and its imposition as a global currency system are protected by the Atlantic Alliance, which constitutes the military arm of the Western corporate establishment."
Michel Chossudovsky in the book "The Global Economic Crisis"
"Right after the Civil War there was considerable talk about reviving Lincoln's brief experiment with the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt become an established institution."
W. Cleon Skousen from the documentary "The Money Masters"
"The First World War changed the status of the United States ... from that of a debtor nation to the world's greatest creditor nation, a role filled formerly by England.
... One major aim of the backers of the Federal Reserve - displacing London as world money market - had been achieved.
The gold standard was still the basis of foreign exchange. The small group of international bankers - now led by New York banks - who owned the gold, controlled the monetary system of Western nations."
F. William Engdahl in his book "Gods of Money"
"The Bank of International Settlements (BIS) is where all of the world's central banks meet to analyze the global economy and determine what course of action they will take next to put more money in their pockets, since they control the amount of money in circulation and how much interest they are going to charge governments and banks for borrowing from them.
... When you understand that the BIS pulls the strings of the world's monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency."
Joan Veon, 2003
"If the key to controlling a nation is to run its central bank, one can imagine the potential of a global central bank, able to dictate the world's credit and money supply. The roots for such a system were planted when the International Monetary Fund (IMF) and World Bank were formed at the Bretton Woods Conference of 1944. These UN agencies were both CFR [Council on Foreign Relations] creations."
James Perloff
"There should be no such thing as "sovereign debt." Currency (credit) is just a medium of exchange like a coupon. Governments can create as much as they need debt-free to make the economy hum. Markets will determine their value relative to other currencies. But the Illuminati bankers have created all currency in the form of a debt to them. Our society is wholly complicit in this fraud."
Henry Makow
"Following the American Civil War, right up to the end of the 19th Century, the United States Treasury recognized silver as well as gold as monetary metal. The monetary system was, in effect, a bi-metallic system. Silver existed in abundance in the Western United States.
However, the influential New York bank syndicate, headed in the 1890s by the House of Morgan, took the opposite position. They saw gold, especially in light of their close ties to leading London banks, as their best road to dominant power over the money supply of the United States. Supplies of monetary gold were controlled by a handful of New York banks and by the financial powers of the City of London - above all, by the banking group of Lord Rothschild.
The New York bankers wanted no competition from silver. Their banking allies in the City of London, the heart of the world gold standard at the time, wanted America exclusively on a gold standard where their influence would be vastly greater. London's New York banking allies - J.P. Morgan, along with Rothschild's US banking agent, August Belmont, and others in New York finance - shrewdly used their London banking associates to control American credit markets to their own exclusive advantage and to the distinct disadvantage of the general American public."
F. William Engdahl in his book "Gods of Money"
"Economic policy quite deliberately serves the interests of the financial elites, who in turn control the political process. Meaningful policies cannot be achieved without radically reforming the workings of the international banking system. What is required is an overhaul of the monetary system."
Michel Chossudovsky in the book "The Global Economic Crisis"
"Bank of International Settlements (BIS) regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. The IMF and the international banks regulated by the BIS are a team: the international banks lend recklessly to borrowers in emerging economies to create a foreign currency debt crisis, the IMF arrives as a carrier of monetary virus in the name of sound monetary policy, then the international banks come as vulture investors in the name of financial rescue to acquire national banks deemed capital inadequate and insolvent by the BIS."
economist Henry CK Lui
"The global monetary system is tightly controlled and coordinated at the top by the leaders of the central banks who work for the world's richest people.
... Instrumental in control of economics by the rich has been the debt-based monetary system, where credit is treated as the monopoly of private financial interests who in turn control governments, intelligence services and military establishments. Politicians are bought and sold, elected or removed, or aven assassinated for this purpose. The global monetary system is tightly controlled and coordinated at the top by the leaders of the central banks who work for the world's richest people.
... Within the U.S., [monetary reform] proposals have ranged from complete takeover of the Federal Reserve System by the federal government to the replacement of fractional reserve banking and the debt-based monetary system by one where the government spends money directly into existence as was done through the 19th century U.S. Greenbacks.
The Greenback system, which provided up to a third of the U.S. money supply through 1900, was highly successful. The bankers opposed it because it meant fewer loans and less profits."
Andrew Gavin Marshall in his book "The Global Economic Crisis"
"Today the U.S. presides over a more or less fully closed global monetary system based on the dollar. In practice this means that those countries within the system must exchange real value in the form of natural resources like oil and gas, manufactured items and commodities with the U.S. cartel in exchange for dollars, which are no more than an accounting entry created out of thin air.
... The Federal Reserve is a privately held business owned by the very interests that it nominally regulates. Thus the control of federal credit and the U.S. monetary system and the rich flow of insider information that results from that control are veiled from public view and are privately controlled in secret."
John Coleman in his book "Beyond The Conspiracy: Unmasking the Invisible World Government - The Committee of 300", 2007
The problem with the economy of every nation on earth has the same root - national debt - debt that is totally unnecessary... All nations can get out of debt and not incur any more debt. Any nation that did this would immediately stabilize their economic situation - that is, incur neither significant inflation, nor deflation - by design. Human societies run best on stability - a stable economic platform - one that can be predicted in the long term. Once the money power is taken away from the big banks and returned into the hands of we, the people, then economic common sense can return, and the nation's legislature can once again become responsive to the voting electorate instead of the bankers...In other words, what we need is a new human rights movement for the next generation based upon No More National Debt.
The economic problems that most people became aware of in the fall of 2008 are not reversing. Unemployment is still rising. Foreclosures are still rising. The world's economic death spiral into a deflationary depression must continue until the real problem is addressed. Our entire global economic system is at a tipping point."
... One major aim of the backers of the Federal Reserve - displacing London as world money market - had been achieved.
The gold standard was still the basis of foreign exchange. The small group of international bankers - now led by New York banks - who owned the gold, controlled the monetary system of Western nations."
... When you understand that the BIS pulls the strings of the world's monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency."
"If the key to controlling a nation is to run its central bank, one can imagine the potential of a global central bank, able to dictate the world's credit and money supply. The roots for such a system were planted when the International Monetary Fund (IMF) and World Bank were formed at the Bretton Woods Conference of 1944. These UN agencies were both CFR [Council on Foreign Relations] creations."
However, the influential New York bank syndicate, headed in the 1890s by the House of Morgan, took the opposite position. They saw gold, especially in light of their close ties to leading London banks, as their best road to dominant power over the money supply of the United States. Supplies of monetary gold were controlled by a handful of New York banks and by the financial powers of the City of London - above all, by the banking group of Lord Rothschild.
The New York bankers wanted no competition from silver. Their banking allies in the City of London, the heart of the world gold standard at the time, wanted America exclusively on a gold standard where their influence would be vastly greater. London's New York banking allies - J.P. Morgan, along with Rothschild's US banking agent, August Belmont, and others in New York finance - shrewdly used their London banking associates to control American credit markets to their own exclusive advantage and to the distinct disadvantage of the general American public."
... Instrumental in control of economics by the rich has been the debt-based monetary system, where credit is treated as the monopoly of private financial interests who in turn control governments, intelligence services and military establishments. Politicians are bought and sold, elected or removed, or aven assassinated for this purpose. The global monetary system is tightly controlled and coordinated at the top by the leaders of the central banks who work for the world's richest people.
... Within the U.S., [monetary reform] proposals have ranged from complete takeover of the Federal Reserve System by the federal government to the replacement of fractional reserve banking and the debt-based monetary system by one where the government spends money directly into existence as was done through the 19th century U.S. Greenbacks.
The Greenback system, which provided up to a third of the U.S. money supply through 1900, was highly successful. The bankers opposed it because it meant fewer loans and less profits."
... The Federal Reserve is a privately held business owned by the very interests that it nominally regulates. Thus the control of federal credit and the U.S. monetary system and the rich flow of insider information that results from that control are veiled from public view and are privately controlled in secret."
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