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The Federal Reserve Cartel: Part IV: A Financial Parasite

Eat the Rich by Jill Henderson www.showmeoz.wordpress.com

Eat the Rich by Jill Henderson www.showmeoz.wordpress.com

(Part four of a five-part series excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers…)

United World Federalists founder James Warburg’s father was Paul Warburg, who financed Hitler with help from Brown Brothers Harriman partner Prescott Bush. [1]

Colonel Ely Garrison was a close friend of both President Teddy Roosevelt and President Woodrow Wilson.  Garrison wrote in Roosevelt, Wilson and the Federal Reserve, “Paul Warburg was the man who got the Federal Reserve Act together after the Aldrich Plan aroused such nationwide resentment and opposition.  The mastermind of both plans was Baron Alfred Rothschild of London.”

The Aldrich Plan was hatched at a secret 1910 meeting at JP Morgan’s private resort on Jekyl Island, SC between Rockefeller lieutenant Nelson Aldrich and Paul Warburg of the German Warburg banking dynasty.  Aldrich, a New York congressman, later married into the Rockefeller family.  His son Winthrop Aldrich chaired Chase Manhattan Bank.  While the bankers met, Colonel Edward House, another Rockefeller stooge and close confidant of President Woodrow Wilson, was busy convincing Wilson of the importance of a private central bank and the introduction of a national income tax. A member of House’s staff was British MI6 Permindex insider General Julius Klein. [2]

Wilson didn’t need much convincing, since he was beholden to copper magnate Cleveland Dodge, whose namesake Phelps Dodge became one of the biggest mining companies in the world.  Dodge bankrolled Wilson’s political career. Wilson even wrote his inaugural speech on Dodge’s yacht. [3]

Wilson was a classmate of both Dodge and Cyrus McCormick at Princeton.  Both were directors at Rockefeller’s National City Bank (now Citigroup).  Wilson’s main focus was on overcoming public distrust of the bankers, which New York City Mayor John Hylan echoed in 1922 when he argued, “The real menace to 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 the international bankers”. [4]

But the Eight Families prevailed.  In 1913 the Federal Reserve Bank was born, with Paul Warburg its first Governor.  Four years later the US entered World War I, after a secret society known as the Black Hand assassinated Archduke Ferdinand and his Hapsburg wife.  The Archduke’s friend Count Czerin later said, “A year before the war he informed me that the Masons had resolved upon his death.”[5]

That same year, Bolsheviks overthrew the Hohehzollern monarchy in Russia with help from Max Warburg and Jacob Schiff, while the Balfour Declaration leading to the creation of Israel was penned to Zionist Second Lord Rothschild.

In the 1920’s Baron Edmund de Rothschild founded the Palestine Economics Commission, while Kuhn Loeb’s Manhattan offices helped Rothschild form a network to smuggle weapons to Zionist death squads bent on seizing Palestinian lands.  General Julius Klein oversaw the operation and headed the US Army Counterintelligence Corps, which later produced Henry Kissinger.  Klein diverted Marshall Plan aid to Europe to Zionist terror cells in Palestine after WWII, channeling the funds through the Sonneborn Institute, which was controlled by Baltimore chemical magnate Rudolph Sonneborn.  His wife Dorothy Schiff is related to the Warburgs. [6]

The Kuhn Loebs came to Manhattan with the Warburgs. At the same time the Bronfmans came to Canada as part of the Moses Montefiore Jewish Colonization Committee.  The Montefiores have carried out the dirty work of Genoese nobility since the 13th Century.  The di Spadaforas served that function for the Italian House of Savoy, which was bankrolled by the Israel Moses Seif family for which Israel is named.  Lord Harold Sebag Montefiore is current head of the Jerusalem Foundation, the Zionist wing of the Knights of St. John’s Jerusalem.  The Bronfmans (the name means “liquorman” in Yiddish) tied up with Arnold Rothstein, a product of the Rothschild’s dry goods empire, to found organized crime in New York City.  Rothstein was succeeded by Lucky Luciano, Meyer Lansky, Robert Vesco and Santos Trafficante.  The Bronfmans are intermarried with the Rothschilds, Loebs and Lamberts. [7]

The year 1917 also saw the 16th Amendment added to the US Constitution, levying a national income tax, though it was ratified by only two of the required 36 states.  The IRS is a private corporation registered in Delaware. [8]  Four years earlier the Rockefeller Foundation was launched, to shield family wealth from the new income tax provisions, while steering public opinion through social engineering.  One of its tentacles was the General Education Board.

In Occasional Letter #1 the Board states, “In our dreams we have limitless resources and the people yield themselves with perfect docility to our molding hands. The present education conventions fade from their minds and, unhampered by tradition, we will work our own good will upon a grateful and responsive rural folk.  We shall try not to make these people or any of their children into philosophers or men of learning or men of science…of whom we have ample supply.”[9]

Though most Americans think of the Federal Reserve as a government institution, it is privately held by the Eight Families.  The Secret Service is employed, not by the Executive Branch, but by the Federal Reserve. [10]

An exchange between Sen. Edward Kennedy (D-MA) and Fed Chairman Paul Volcker at Senate hearings in 1982 is instructive.  Kennedy must have thought of his older brother John when he told Volcker that if he were before the committee as a member of US Treasury things would be much different.  Volcker, puffing on a cigar, responded cavalierly, “That’s probably true. But I believe it was intentionally designed this way”. [11]  Rep. Lee Hamilton (D-IN) put it to Volcker that, “People realize that what that board of yours does has a very profound impact on their pocketbooks, and yet it is a group of people basically inaccessible to them and unaccountable to them.”

President Wilson spoke of, “a power so organized, so complete, so pervasive, that they had better not speak above their breaths when they speak in condemnation of it.” Rep. Charles Lindberg (D-NY) was more blunt, railing against Wilson’s Federal Reserve Act, which had cleverly been dubbed the “People’s Bill”.  Lindberg declared that the Act would, “…establish the most gigantic trust on earth…When the president signs this act, the invisible government by the money power will be legitimized.  The law will create inflation whenever the trusts want inflation.  From now on, depressions will be scientifically created.  The invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized.  The whole central bank concept was engineered by the very group it was supposed to strip of power”. [12]

The Fed is made up of most every bank in the US, but the New York Federal Reserve Bank controls the Fed by virtue of its enormous capital resources.  The true center of power within the Fed is the Federal Open Market Committee (FOMC), on which only the NY Fed President holds a permanent voting seat.  The FOMC issues directives on monetary policy which are implemented from the 8th Floor of the NY Fed, a fortress modeled after the Bank of England. [13]

In the fifth sub-basement of the 14-story stone hulk lie 10,300 tons of mostly non-US gold, 1/3 of the world’s gold reserves and by far the largest gold stock in the world. [14]

The world of money is increasingly computerized.  With the introduction by the Eight Families of complicated financial instruments like derivatives, options, puts and futures; the volume of inter-bank transactions took a quantum leap.  To handle this the fed built a superhighway eerily known as CHIPS (Clearing Interbank Payment System), which is based in New York and modeled after Morgan’s Belgium-based Euro-Clear – also known as The Beast.

When the Fed was created five New York banks- Citibank, Chase, Chemical Bank, Manufacturers Hanover and Bankers Trust- held a 43% stake in the New York Fed.  By 1983 these same five banks owned 53% of the NY Fed.  By year 2000, the newly merged Citigroup, JP Morgan Chase and Deutsche Bank combines owned even bigger chunks, as did the European faction of the Eight Families. Collectively they own majority stock in every Fortune 500 corporation and do the bulk of stock and bond trading.  In 1955 the above five banks accounted for 15% of all stock trades.  By 1985 they were involved in 85% of all stock transactions. [15]

Still more powerful are the investment banks which bear the names of many of the Eight Families. In 1982, while Morgan bankers presided over negotiations between Britain and Argentina after the Falklands War, President Reagan pushed through SEC Rule 415, which helped consolidate securities underwriting in the hands of six large investment houses owned by the Eight Families: Goldman Sachs, Merrill Lynch, Morgan Stanley, Salomon Brothers, First Boston and Lehman Brothers.  These banks further consolidated their power via the merger mania of 1980s and 1990s.

American Express swallowed up both Lehman Brothers-Kuhn Loeb – which had merged in 1977 – and Shearson Lehman-Rhoades.  The Israel Moses Seif’s Banca de la Svizzera Italiana bought a 7% stake in Lehman Brothers. [16]  Salomon Brothers nabbed Philbro from the South African Oppenheimer family, then bought Smith Barney. All three then became part of Traveler’s Group, headed by Sandy Weill of the David-Weill family, which controls Lazard Freres through senior partner Michel David-Weill.  Citibank then bought Travelers to form Citigroup. S.G. Warburg, of which Oppenheimer’s Chartered Consolidated owns a 9% stake, joined the old money Banque Paribas- which merged into Merrill Lynch in 1984.  Union Bank of Switzerland acquired Paine Webber, while Morgan Stanley ate up Dean Witter and purchased Discover credit card operations from Sears.

Kuhn Loeb-controlled First Boston merged with Credit Suisse, which had already absorbed White-Weld, to become CS First Boston- the major player in the dirty London Eurobond market.  Merrill Lynch – merged into Bank of America in 2008 – is the major player on the US side of this trade.  Swiss Banking Corporation merged with London’s biggest investment house S.G. Warburg to create SBC Warburg, while Warburg became more intertwined with Merrill Lynch through their 1998 Mercury Assets tie up.  The Warburg’s formed another venture with Union Bank of Switzerland, creating powerhouse UBS Warburg.  Deutsche Bank bought Banker’s Trust and Alex Brown to briefly become the world’s largest bank with $882 billion in assets.  With repeal of Glass-Steagal, the line between investment, commercial and private banking disappeared.

This 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 (IPOs), underwriting all stocks, underwriting all corporate and government bond issuance, and pulling the bandwagon down the road of privatization and globalization of the world economy.

A recent president of the World Bank was James Wolfensohn of Salomon Smith Barney.  Merrill Lynch had $435 billion in assets in 1994, before the merger frenzy had really even gotten under way.  The biggest commercial bank at the time, Citibank, could claim only $249 billion in assets.

In 1991 Merrill Lynch handled 26.8% of all global bank mergers.  Morgan Stanley did 16.8%, Goldman Sachs 16.3%, Lehman Brothers 16.1% and Credit Suisse First Boston 14.5%.  Morgan Stanley did $60 billion in corporate mergers in 1989.  By 2007, reflecting the repeal of Glass-Steagel, the top ten NMA advisers in order were: Goldman Sachs, Morgan Stanley, Citigroup, JP Morgan Chase, Lehman Brothers, Merrill Lynch, UBS Warburg, Credit Suisse, Deutsche Bank and Lazard. In the IPO stock underwriting field for 1991 the top four were Goldman Sachs, Merrill Lynch, Morgan Stanley and CS First Boston.  In the arena of global privatization for years 1985-1995, Goldman Sachs led the way doing $13.3 billion worth of deals.  UBS Warburg did $8.2 billion, BNP Paribas $6.8 billion, CS First Boston $4.9 billion and Paribas-owner Merrill Lynch $4.4 billion. [17]

In 2006 BNP Paribas bought the notorious Banca Nacionale de Lavoro (BNL), which led the charge in arming Saddam Hussein. According to Global Finance, it is now the world’s largest bank with nearly $3 trillion in assets.

The leading US debt underwriters for the first nine months of 1995 bore the same familiar names.  Merrill Lynch underwrote $74.2 billion in the US debt markets, or 15.3% of the total.  Lehman Brothers handled $52.5 billion, Morgan Stanley $47.4 billion, Salomon Smith Barney $45.6 billion.  CS First Boston, Chase Manhattan and Goldman Sachs rounded out the top seven.  The top three municipal debt underwriters that year were Goldman Sachs, Merrill Lynch and UBS Paine Webber.  In the euro-market the top four underwriters in 1995 were UBS Warburg, Merrill Lynch, Deutsche Bank and Goldman Sachs. [18]  Deutsche Bank’s Morgan Grenfell branch engineered the corporate takeover binge in Europe.

The dominant players in the oil futures markets at both the New York Mercantile Exchange and the London Petroleum Exchange are Morgan Stanley Dean Witter, Goldman Sachs (through its J. Aron & Company subsidiary), Citigroup (through its Philbro unit) and Deutsche Bank (through its Banker’s Trust acquisition).  In 2002 Enron Online was auctioned off by a bankruptcy court to UBS Warburg for $0.  UBS was to share monopoly Enron Online profits with Lehman Brothers after the first two years of the deal. [19] With Lehman’s 2008 demise, its new owner Barclays will get their cut.

Following the Lehman Brothers fiasco and the ensuing financial meltdown of 2008, the Four Horsemen of Banking got even bigger. For pennies on the dollar, JP Morgan Chase was handed Bear Stearns and Washington Mutual. Bank of America commandeered Merrill Lynch and Countrywide. And Wells Fargo seized control over the reeling #5 US bank Wachovia. Barclays got a sweetheart deal for the remains of Lehman Brothers.

Former House Banking Committee Chairman Wright Patman (D-TX), declared of Federal Reserve Eight Families owners, “The United States today has in effect two governments.  We are the duly constituted government.  Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution”. [20]

Since the creation of the Federal Reserve, US debt (mostly owed to the Eight Families) has skyrocketed from $1 billion to nearly $14 trillion today.  This far surpasses the total of all Third World country debt combined, debt which is mostly owed to these same Eight Families, who own most all the world’s central banks.

As Sen. Barry Goldwater (R-AZ) pointed out, “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., Schiff, 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.”[21]

[1] Behold a Pale Horse. William Cooper. Light Technology Press. Sedona, AZ. 1991. p.81

[2] Dope Inc.: The Book that Drove Kissinger Crazy. The Editors of Executive Intelligence Review. Washington, DC. 1992.

[3] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.67

[4] Descent into Slavery. Des Griffin. Emissary Publications. Pasadena 1991

[5] The Robot’s Rebellion: The Story of the Spiritual Renaissance. David Icke. Gateway Books. Bath, UK. 1994. p.158

[6] The Editors of Executive Intelligence Review. p.504

[7] Ibid

[8] Ibid

[9] Ibid. p.77

[10] “Secrets of the Federal Reserve”. Discovery Channel. January 2002

[11] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.26

[12] Icke. p.178

[13] Solomon. p.63

[14] Ibid. p.27

[15] The Corporate Reapers: The Book of Agribusiness. A.V. Krebs. Essential Books. Washington, DC. 1992. p.166

[16] The Editors of Executive Intelligence Review. p.79

[17] “Playing the Middle”. Anita Raghavan and Bridget O’Brian. Wall Street Journal. 10-2-95

[18] Securities Data Corporation. 1995

[19] CNN Headline News. 1-11-02

[20] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977. p.156

[21] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.77

Dean Henderson is the author of five books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve, Stickin’ it to the Matrix & The Federal Reserve Cartel.  You can subscribe free to his weekly Left Hook column @ www.deanhenderson.wordpress.com

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Discussion

16 thoughts on “The Federal Reserve Cartel: Part IV: A Financial Parasite

  1. So with America owing the banks 14 trillion, and now the debt crisis, which if I understand it right, the USA may default on its loans and thus the actual country of the USA will belong to the banks. If that is so then WHOA!!! scary!

    Posted by Short Left | July 23, 2011, 3:48 pm
  2. May I simply just say what a relief to uncover a person that really understands what they are talking about over the internet. You certainly understand how to bring an issue to light and make it important. A lot more people really need to check this out and understand this side of the story. It’s surprising you aren’t more popular because you definitely possess the gift.

    Posted by financial resolutions | March 30, 2012, 4:40 pm
  3. Hmmm

    On the other hand; given that only a handful of “families” own all the “debt” it will only be a handfull of “families” that suffer the financial pain when the American people tell them to take their phony Debt, phony Federal reserve and phony IRS and shove it…….It is their own greed, like so many megalomaniacs before them, will be their undoing.

    Posted by DDearborn | October 8, 2012, 8:16 am
    • We who know the Truth can hope, pray and try to help enlighten others. Maybe “the American people” will accrue a critical mass who will actually tell the feral “Fed” and their IRS street-thugs to “shove it”.

      Realistically, that seems to be a pipe dream that’ll never happen because too many residing in the former USA choose to be ignoramuses, zombified by ‘reality TV’, craving and angling for their ’15 minutes of [celebrity] fame’. They revel in being willful fools. Too many of them love being stupid; a tragic truth.

      Posted by Chris | October 19, 2012, 7:48 pm
  4. Germany was hopelessly broke when Adolf Hitler came to power in 1933 . The Treaty of Versailles (le Traité de Versailles) had imposed crushing reparations on the German people, demanding that Germans repay every nation’s costs of the war. These costs totaled three times the value of all the property in Germany.

    Private currency speculators caused the German currency to plummet, precipitating one of the worst runaway inflations in modern times. A wheelbarrow full of 100 billion-mark banknotes could not buy a loaf of bread. The national treasury was empty. Countless homes and farms were lost to speculators and to private Zionist controlled banks. Germans lived in hovels. They were starving.

    Nothing like this had ever happened before – the total destruction of the national currency – German mark, plus the wiping out of German’s savings and businesses. On top of this came a global depression. Germany had no choice but to succumb to debt slavery under international Zionist bankers until 1933, when the National Socialists came to power. At that point the German government thwarted the Zionist international banking cartels by issuing its own money. Zionist bankers responded by declaring a global boycott against Germany.

    Adolf Hitler began a national credit program by devising a plan of public works that included flood control, repair of public buildings and private residences, and construction of new roads, bridges, canals, and port facilities. All these were paid for with money that no longer came from the private international Zionist bankers.

    The projected cost of these various programs was fixed at one billion units of the national currency. To pay for this, the German government (not the international Zionist bankers) issued bills of exchange, called Labor Treasury Certificates. In this way the National Socialists put millions of people to work, and paid them with Treasury Certificates.

    Under the National Socialists, Germany’s money wasn’t backed by gold which was owned by the international Zionist bankers. It was essentially a receipt for labor and materials delivered to the government. Adolf Hitler said, “For every mark issued, we required the equivalent of a mark’s worth of work done, or goods produced.” The government paid workers in Certificates. Workers spent those Certificates on other goods and services, thus creating more jobs for more people. In this way the German people climbed out of the crushing debt imposed on them by the international Zionist bankers.

    Within two years, the unemployment problem in Germany had been solved, and Germany was back on its feet. It had a solid, stable currency, with no debt, and no inflation, at a time when millions of people in the United States and other Western countries controlled by international Zionist bankers were still out of work. Within five years, Germany went from the poorest nation in Europe to the richest.

    Germany even managed to restore foreign trade, despite the international Zionist bankers’ denial of foreign credit to Germany, and despite the global boycott by Zionist-owned industries. Germany succeeded in this by exchanging equipment and commodities directly with other countries, using a barter system that cut the private Zionist bankers out of the picture. Germany flourished, since barter eliminates national debt and trade deficits. Today Venezuela does the same thing today when it trades oil for commodities, plus medical help, and so on. Hence the Zionist bankers are trying to squeeze Venezuela.

    Hjalmar Schacht, a Rothschild agent who was temporarily head of the German central bank, summed it up thus… An American banker had commented, “Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking.” Schacht replied, “You should come to Berlin. We don’t have money. That’s real banking.”

    Schacht, the Rothschild agent, actually supported the private international Zionist bankers against Germany, and was rewarded by having all charges against him dropped at the Nuremberg trials.

    This economic freedom made Adolf Hitler extremely popular with the German people. Germany was rescued from English economic theory, which says that all currency must be borrowed against the gold owned by a private and secretive Zionist banking cartel — such as the Federal Reserve, or the Central Bank of Europe — rather than issued by the government for the benefit of the people.

    Canadian researcher Dr. Henry Makow who is Jewish himself says the main reason why the Zionist bankers arranged for a world war against Germany was that Hitler sidestepped the Zionist bankers by creating his own money, thereby freeing the German people. Worse, this freedom and prosperity threatened to spread to other nations. Adolf Hitler had to be stopped!

    Makow quotes from the 1938 interrogation of Christian Rakovsky, one of the founders of Soviet Bolsevism and a Lev Davidovich Bronshtein (Trotsky) intimate. Christian Rakovsky was tried in show trials in the USSR under Joseph Vissarionovich Stalin. According to Christian Rakovsky, Adolf Hitler was at first funded by the international Zionist bankers, through the bankers’ agent Hjalmar Schacht. The bankers financed Adolf Hitler in order to control Joseph Stalin, who had usurped power from their agent Lev Davidovich Bronshtein (Trotsky). Then Adolf Hitler became an even bigger threat than Joseph Stalin when Hitler started printing his own money.

    Joseph Stalin came to power in 1922, which was eleven years before Adolf Hitler came to power.

    Christian Rakovsky said:
    “Adolf Hitler took over the privilege of manufacturing money, and not only physical moneys, but also financial ones. He took over the machinery of falsification and put it to work for the benefit of the people. Can you possibly imagine what would have come if this had infected a number of other states?” (Henry Makow, “Hitler Did Not Want War”).

    Economist Henry C K Liu writes of Germany’s remarkable transformation:
    “The Nazis came to power in 1933 when the German economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Through an independent monetary policy of sovereign credit and a full-employment public-works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies, into the strongest economy in Europe within four years, even before armament spending began.”
    (Henry C. K. Liu, “Nazism and the German Economic Miracle”).

    In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:
    “Germany issued debt-free and interest-free money from 1935 on, which accounts for Germany’s startling rise from the depression to a world power in five years. The German government financed its entire operations from 1935 to 1945 without gold, and without debt. It took the entire Capitalist and Communist world to destroy the German revolution, and bring Europe back under the heel of the Bankers.”

    These facts do not appear in any textbooks today, since Zionist own most publishing companies. What does appear is the disastrous runaway inflation suffered in 1923 by the Weimar Republic, which governed Germany from 1919 to 1933. Today’s textbooks use this inflation to twist truth into its opposite. They cite the radical devaluation of the German mark as an example of what goes wrong when governments print their own money, rather than borrow it from private Zionist cartels.

    In reality, the Weimar financial crisis began with the impossible reparations payments imposed at the Treaty of Versailles. Hjalmar Schacht – the Rothschild agent who was currency commissioner for the Republic — opposed letting the German government print its own money… “The Treaty of Versailles is a model of ingenious measures for the economic destruction of Germany. Germany could not find any way of holding its head above the water, other than by the inflationary expedient of printing bank notes.”

    Schacht echoes the textbook lie that Weimar inflation was caused when the German government printed its own money. However, in his 1967 book The Magic of Money, Schacht let the cat out of the bag by revealing that it was the PRIVATELY-OWNED Reichsbank, not the German government, that was pumping new currency into the economy. Thus, the PRIVATE BANK caused the Weimar hyper-inflation.

    Like the U.S. Federal Reserve, the Reichsbank was overseen by appointed government officials, but was operated for private gain. What drove the wartime inflation into hyperinflation was speculation by foreign investors, who sold the mark short, betting on its decreasing value. In the manipulative device known as the short sale, speculators borrow something they don’t own, sell it, and then “cover” by buying it back at the lower price.

    Speculation in the German mark was made possible because the PRIVATELY OWNED Reichsbank (not yet under Nazi control) made massive amounts of currency available for borrowing. This currency, like U.S. currency today, was created with accounting entries on the bank’s books. Then the funny-money was lent at compound interest. When the Reichsbank could not keep up with the voracious demand for marks, other private banks were allowed to create marks out of nothing, and to lend them at interest. The result was runaway debt and inflation.

    Thus, according to Schacht himself, the German government did not cause the Weimar hyperinflation. On the contrary, the government (under the National Socialists) got hyperinflation under control. The National Socialists put the Reichsbank under strict government regulation, and took prompt corrective measures to eliminate foreign speculation. One of those measures was to eliminate easy access to funny-money loans from private banks. Then Adolf Hitler got Germany back on its feet by having the public government issue Treasury Certificates.

    Schacht , the Rothschild agent, disapproved of this government fiat money, and wound up getting fired as head of the Reichsbank when he refused to issue it. Nonetheless, he acknowledged in his later memoirs that allowing the government to issue the money it needed did not produce the price inflation predicted by classical economic theory, which says that currency must be borrowed from private cartels.

    What causes hyper-inflation is uncontrolled speculation. When speculation is coupled with debt (owed to private Zionist banking cartels) the result is disaster. On the other hand, when a government issues currency in carefully measured ways, it causes supply and demand to increase together, leaving prices unaffected. Hence there is no inflation, no debt, no unemployment, and no need for income taxes.

    Naturally this terrifies the Zionist bankers, since it eliminates their powers. It also terrifies Zionists, since their control of banking allows them to buy the media, the government, and everything else.

    Posted by Nalliah Thayabharan | October 12, 2012, 7:04 pm
  5. Thank you for all of that information. I will bookmark it and memorize some of the stats that I knew, but only vaguely.

    I do want to know your source for how the 16th amendment was ratified without the requisite 36 votes. I thought that it made it through the amendment process with many ratifications to spare.

    Posted by Gail | October 13, 2012, 7:39 am
    • to Gail:
      A man named Bill Benson researched state archives to see the documents related to the fraudulent and never-ratified 16th [income tax] Amendment. He painstakingly compiled copies of the records. If I recall correctly, they are in “The Law That Never Was”.

      If still alive, Bill Benson is extremely old. His work has been popularized somewhat by the “We The People Foundation” for Education about the Constitution. They have a website. Bob/Robert Schulz was their #1 patriot. He’d be well into his 70s by now. http://www.wethepeoplefoundation.org and http://www.givemeliberty.org

      Forewarning:
      Both of these true-American patriots have suffered severe character assassination by zionist bankster lackeys & shills who’ve smeared them as “tax protesters”, “tax evaders”, “tax dodgers” and “tax avoidance scammers”. These are lies. The liars/sources promulgating these lies, slander and outright propaganda spew their evil-intent rhetoric with impunity because they’re proxies, mere mouthpieces for feral Federal Reserve Banksters and the dynastic funny-money crime clans (i.e., “‘horsemen’ families”) that own “the Fed”. (so accurately reported by Dean Henderson)

      Super parasite bankster thugs and their sycophants don’t want Truth becoming Public Domain knowledge, or else their counterfeit houses could fall.

      Another patriot (and super American, in my opinion) is Devvy Kidd. Her website is http://www.devvy.com She is a walking encyclopedia of true American values -vs- treasons, crimes, unjust “laws” and thugs-in-suits (my words, not Devvy’s) in the USSSSSA federal-mafia, criminal godvernment. (USSSSSA = Un-free Soviet Socialist Satanic Slave States of Amerikka — again, my words) It is owned and controlled by fascist zionist banksters and their proxies. Via Devvy’s website you can most likely track down source references for the fraudulent, never-ratified 16th and 17th Amendments.

      You probably already heard this, but to copy George Orwell: “In a world of universal deceit and lies, telling the Truth is revolutionary.”

      The true-American patriots mentioned (above) are basically voices of Truth in the wilderness; especially Devvy.
      Best wishes on your awakening and self education on real Truth.

      Posted by Chris | October 19, 2012, 5:23 pm
  6. The landing strip layout of this article is appropriate considering the discussion is about the banker-ravens.

    Posted by Ra Banker | October 18, 2012, 8:19 am
  7. to Dean Henderson:
    Thanks for the amazing compilation of names (not to mention dates and crimes/treasons). It’s a great list of inhuman, inhumane garbage.

    Time for “trash to cash”. Incinerate the garbage. Produce positive energy and maybe some profit/benefit for humankind.

    Posted by Chris | October 19, 2012, 5:31 pm
  8. U.S. economy is struggling and the U.S. government is absolutely drowning in debt. Unfortunately, the Federal Reserve has decided to recklessly print money out of thin air, and in the short-term some positive things have come out of it. But quantitative easing worked for Gernany almost 100 years ago.. At first, more money caused economic activity to increase and unemployment was low. But all of that money printing destroyed faith in German currency and in the German financial system and ultimately Germany experienced an economic meltdown that the world is still talking about today. This is the path that the Federal Reserve is taking the USA down, but most Americans have absolutely no idea what is happening.

    It is really easy to start printing money, but it is incredibly hard to stop. Like any addict, the Federal Reserve is promising that they can quit at any time, but they refuse to even start tapering their money printing a little bit. Federal Reserve seems to be convinced that any “tapering” could result in the bursting of the massive financial bubbles that it has created. Federal Reserve beleives as the market seems not to, that the current “recovery” could not survive without continuation of massive monetary stimulus. Federal Reserve is usually very careful not to do anything which will hurt the short-term interests of the financial markets and the big banks. If Federal Reserve continues to pump, the financial bubbles that it has created will get even worse. If Federal Reserve stops, those bubbles will burst. But it is inevitable that these financial bubbles will burst at some point one way or another. The Federal Reserve is trapped and can’t end tapering or else the bond and stock markets will blow up. The longer this continues the bigger the inevitable burst. While the Federal Reserve has been recklessly printing money out of thin air, household incomes have actually been going down for five years in a row… The employment to population ratio fell from about 63% before the last recession down to underneath 59% at the end of 2009 and it has stayed there ever since. So if quantitative easing has not been good for average Americans, who has it been good for? The wealthy, of course. This is fantastic for every rich person – This is the biggest redistribution of wealth from the middle class and the poor to the rich ever.
    The implication of the Federal Reserve’s policy is that the rich will spend their wealth and create jobs—essentially betting on “trickle-down economics.” But it hasn’t worked for five years. We have now entered a money printing spiral from which there is no easy exit. Federal Reserve has “crossed the Rubicon” and we are now “in the End Game”… If tapering even $10-15 billion per month from $85 billion month quantitative easing programs would damage the economy, then we’re all up you know what creek without a paddle. Here we are, five years after 2008, and the Federal Reserve is stating point blank that the economy would absolutely collapse if it spent any less than $85 billion per month. This admission has proven just how long ago we crossed the Rubicon. We’re already in the End Game. Period. Most Americans don’t really understand what quantitative easing is, and most don’t really try to understand it because “quantitative easing” sounds very complicated. But it really isn’t that complicated. The Federal Reserve is creating gigantic mountains of money out of thin air every month, and the Federal Reserve is using all of that newly created money to buy government debt and mortgage-backed securities. Over the past several years, the value of the financial securities that the Federal Reserve has accumulated is greater than the total amount of publicly held debt that the U.S. government accumulated from the presidency of George Washington though the end of the presidency of Bill Clinton…

    US dollar supply is beginning to grow at an exponential pace. So far, complete and total disaster has not struck, so most people think that everything must be okay. But it is not.
    It is simply not rational for other nations to continue to lend USA money at less than 3% a year when reckless money printing by the Federal Reserve threatens to greatly accelerate the devaluation of our currency.

    Right now, the Federal Reserve is buying roughly half a trillion dollars worth of U.S. Treasuries a year, but the U.S. government issues close to a trillion dollars of new debt and must roll over about 3 trillion dollars of existing debt each year. If the Federal Reserve eventually decides to buy all of the debt, then interest rates won’t be a major problem. But if the Fed goes that far our financial system would be regarded as a total joke by the remainder of the globe and we would reach hyperinflation much more rapidly. If the Federal Reserve stops buying debt completely, the financial bubbles that they have created will burst and we will rapidly be facing a financial crisis even worse than what we experienced back in 2008. The Federal Reserve is systematically destroying what was once the strongest financial system in the world, and in the end we are all going to pay the price

    Posted by Nalliah Thayabharan | January 31, 2014, 1:53 pm

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