Moneychangers - Secrets of the Temple
(Editor's Note: In 1913 the most powerful banking group in Europe bribed Woodrow Wilson, who was running for president, with enough money for him to be elected president. They also bribed congress and all of this was with the understanding that if Wilson won he would sign into law two things. First the (unconstitutional) Federal Reserve Banking Act which would create the Federal Reserve Banking System which would control the money of the U.S. Treasury. Second was the (never ratified) Income Tax Act. The IRS was set up as the collection agency to insure that the American people would pay the bogus interest on the bogus loans that the Federal Reserve would then make to the government. Previously, the treasury would simply print the money that the government needed at no interest. Everyone involved in this scam, Wilson, the congress, the banksters, were all criminals, and those that have taken their places today are criminals as well.)
The Battle of Silver and Gold
Nelson Aldrich was financially well off when he left the wholesale grocery business. He then turned his attention to the political arena. Election to the United States Senate quickly followed. Within a few short years, Aldrich became a multi-millionaire of powerful influence. He was the father-in-law of John D. Rockefeller, and his grandson, Nelson Aldrich Rockefeller, later became Vice President of the United States.
Plans for a central bank had been on the drawing board long before 1900. A complex task of such intricate detail required vast amounts of time and effort to construct; the work performed behind the scenes, out of the public view, waiting for the perfect moment to be unveiled. The sensitive demeanor of public opinion demanded that the subject be revealed in the most convincing and acceptable manner possible, avoiding all suspicion or doubt.
Charles A. Conant provided the initial groundwork for both a central bank and a gold exchange system. From 1902 to 1906, Conant was the treasurer of the Morgan controlled Morton Trust Company of New York. He also worked for the Federal government as one of the three members of Roosevelt's Commission On International Exchange, and for Brown Brothers Harriman. Conant was the guiding hand behind Mexico's, Panama's, and the Philippine's change from a silver standard to a gold exchange system. China and Cuba were his only failures to convert to a gold standard.
In 1900, the United States, Britain, and Japan intervened in the Boxer Rebellion in China. After hostilities had ended, China was ordered to pay war reparations of $300 million. The United States demanded payment in gold. At the time, China was on a depreciated silver standard and wanted to pay in silver. Fortunately, the Chinese had centuries of experience in monetary affairs, and had learned their lessons well. They knew a ruse when they saw one, refusing to pay in gold. Silver was finally accepted.
Why did the elite money powers push Roosevelt, as well as the rest of the world, away from a silver standard, towards a gold standard? Might it be for the same reasons we have seen our own monetary system flip back and forth from silver to gold?
Our history provides clear evidence that first one metal was over-valued and then the other, creating imbalances in the price structure that could be manipulated in the domestic home market, and then sold abroad in a foreign market, where the rate of exchange was completely different. Gold and silver coins were driven out of circulation several times by the money powers employing these tactics.
Such adjustments in foreign exchange are one of the international banker's favorite mechanisms to redistribute the wealth of the Nations - the wealth of "We The People". Often appearing to be surreal, in the fullness of its absurdity - it is, in reality, the very real life game the rulers of the universe live by; and suffer upon the people.
Perhaps this explains the oversight in our bimetallic exchange system, where the price of silver had been fixed as the standard, but the price of gold was allowed to float, providing the means for manipulation and redistribution. Perhaps this explains Jefferson's "blot". The evidence has been presented; justice will decide the verdict.
And this was only the beginning of their wealth transference scheme. More cards remained hidden, waiting to be played: the Federal Reserve Act of 1913; the 1922 Genoa Gold Exchange Accord; Roosevelt's infamous Gold Reserve Act of 1934; the 1944 Bretton Woods Agreement that declared the U.S. Dollar to be the reserve currency of the world; the 1944 creation of the International Monetary Fund (IMF), the General Agreement on Tariff and Trade (GATT) and the World Bank (WB) - all to promote a new socialistic world order, by slowly but methodically eliminating gold from world finance; Nixon's closing of the Gold Window in 1971, which basically amounted to a national declaration of bankruptcy from the United States; and many more acts too numerous to list.
In 1911 the following excerpt appeared in McClure's Magazine:
Pressure for a Central Bank
In 1906, Jacob H. Shiff, who was the head of the prestigious banking firm of Kuhn, Loeb and Company, gave a speech to the New York Chamber of Commerce. His main goal was to stress the urgent need of an elastic currency, issued by a national bank system.
Nonetheless, it was Shiff's partner at Kuhn, Loeb and Company, Paul M. Warburg, who had planted the seed for a central bank. Schiff and Warburg were elite international bankers from Germany, and both had years of experience with the Central Bank of Germany - the Reichsbank. The time was fast approaching for the fruit to bare witness to the nature of the seed.
George Sylvester Viereck's book "The Strangest Friendship in History" is about the most unusual relationship between Woodrow Wilson and Colonel Mandell House. Although a private citizen, the Colonel often stayed at The White House, privileged with unlimited access to President Wilson, for whom he unofficially functioned as chief advisor. The following quote sums up a very strange friendship indeed:
The banking crisis of 1907 added fuel to the fire for a central bank. During the panic, the banks were once again allowed to suspend redemption of bank notes in specie. There was widespread talk and discussion on the need of a central bank to provide support to the banking system, especially during financial panics, as had just occurred.
Congressman Charles Lindbergh, who spent most of his life fighting against the "money trust", had the following to say while testifying before the Committee on Rules (191l):
Senator Nelson Aldrich pushed the Aldrich-Vreeland Act through Congress in 1908. The main purpose of the bill was to establish a National Monetary Commission to study the prospects of national banking reform, including a central bank and an elastic money supply.
In 1910, Senator Aldrich organized the infamous meeting at Jekyll Island - to construct a plan for a central banking system. The system was introduced as the Aldrich Plan to Congress in 1912. Surprisingly, the bill was defeated. Woodrow Wilson was elected as the Democratic President that same year. Bertie Charles Forbes was a financial writer at the time - he later founded Forbes Magazine. He wrote the following article about the Jekyll Island meeting:
Not mentioned by Forbes was Charles D. Norton, president of J.P. Morgan's First National Bank of New York, and Benjamin Strong, head of J.P. Morgan's Trust Company. Frank Vanderlip later wrote in his autobiography, "From Farmboy to Financier":
The change from Republican to Democratic control of the White House, affected the Aldrich Plan, as Aldrich was a Republican. Now the plan had to be sold to the Democrats. The elite international bankers called upon Senator Carter Glass to lend his influence and guiding hand. Making very little changes in the actual context of the Aldrich Plan, aside from removing Aldrich's name from the plan, Glass introduced and passed the Federal Reserve Act in December of 1913. The following news clip on Senator Aldrich, appeared in Harpers Weekly:
The Federal Reserve Act
On December 22 the Federal Reserve Act was passed. President Wilson signed the bill on Christmas Eve, the 24th of December 1913. The New York Times carried a front-page article that stated "Prosperity To Be Free". Congressman Lindbergh had a somewhat different view:
"This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress. . . If we had a people's Congress, there would be stability. The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government."
Often it is asked, what is the purpose of the Federal Reserve. The original act states:
Doesn't get much clearer than: "other purposes" - whatever the hell that means; kind of leaves it open to the interpretation of a most fertile imagination. Perhaps the article that W.H. Allen wrote in Moody's Magazine, in 1916 had a clearer perspective:
And how is the Federal Reserve supposed to supply an elastic currency. The Act answers that as well:
Federal Notes "to be issued by the discretion of the Board of Governors" - would that be the same as whenever they want, however they want, in whatever amount they choose? "Federal Notes to be issued for the purpose of making advances to Federal reserve banks and for no other purposes." Nice work if you can get it.
And by what policy is the Federal Reserve to attain its stated purpose. Once again, the Act provides a most clear explanation:
One can search the Federal Reserve Act and the United States Code forever without finding a definition of what is meant by: "the economy's long run potential to increase production", or "to promote effectively the goals of maximum employment", or "stable prices", or "moderate long-term interest rates"; and God only knows what it means to "maintain long run growth of the monetary and credit aggregates commensurate with"; and so far He hasn't chosen to tell us mere mortals.
Life After the Fed
Others have written on the creation of the Federal Reserve and the monetary history that followed. We will save examining such history in detail for a future work. Suffice it to say that the Genoa Accord, Roosevelt's Gold Reserve Act, as well as the Bretton Woods Agreement and Nixon's closing of the gold window - were not any more honest then the earlier gold standards we have examined. If anything, the latter monetary history is more blatantly dishonest and unsound then what had come before.
Such history lends credence to the view that our monetary policy has not evolved, but has instead - devolved. Our present Federal Reserve Notes have become little more than a revolving tax payment voucher, and even that may be too kind. Present Federal Reserve Notes are according to the U.S. Code "redeemable in lawful money"; which implies that our currency is not lawful money, otherwise why would or how could it be, redeemed in lawful money, if it were such to begin with?
Federal Reserve Notes function as the ultimate wealth transference mechanism. When paper obligations of government debt are allowed to circulate as legal tender, the resulting debasement of the currency and loss of purchasing power siphons wealth away from "We The People" who hold and owe the debt, towards the elite few who issue the debt. The tail is wagging the dog.
Even the Federal Reserve admits that the dollar has lost 95% of its purchasing power since 1913, the year it took control - a most infamous distinction for a central banker's resume. Within 20 years of the Fed's creation, our economy experienced the most severe financial crisis in history. Neither event seems to be in keeping with its stated purpose: "to establish a more effective supervision of banking in the United States."
Many believe the Federal Reserve banks are government institutions - they are not. They are private credit monopolies that prey upon the people for the benefit of themselves and their greedy handlers: the international moneychangers. These are the same global money powers that hire lobbyists to garnish votes to control our legislation - for their own special interests; and who maintain international propaganda machines for the purpose of deceiving us into granting new concessions that permit them to cover up their past misdeeds, and to set again in motion the gigantic wheels of wealth transference and bonded debt - the feudal yoke of bondage and servitude.
The would be rulers of the universe would be wise to heed the words of those who yoke and unyoke the horses from the chariots of the gods:
life passed in power and great fortune and
© 2011 Douglas V. Gnazzo