Click here for PDF version of this article By Michael Rivero
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in BritainI know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this.
"The Bank, its property and assets and all deposits and other funds entrusted to it shall be immune in time of peace and in time of war from any measure such as expropriation, requisition, seizure, confiscation, prohibition or restriction of gold or currency export or import, and any other measure." -- Article 10, Instrument of Foundation, Bank of International Settlements
"When the world around the IMF goes downhill, we thrive. We become extremely active because we lend money, we earn interest and charges and all the rest of it, and the institution does well. When the world goes well and we've had years of growth, as was the case back in 2006 and 2007, the IMF doesn't do so well both financially and otherwise." -- Chrstine Lagarde
The United States fought the American Revolution primarily over King George III's Currency act, which forced the colonists to conduct their business only using printed bank notes borrowed from the Bank of England at interest.
Benjamin Franklin, acting as the colonies' representative to Britain, argued against this move in 1763.
"You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that [money] which circulates all bears the endless burden of unpayable debt and usury.....In the Colonies, we issue our own money. It is called Colonial Scrip [interest-free, wealth-based money issued by The Colonies 1750-1764 before Bank of England crooks made it illegal]. We issue it in proper proportion to make the products pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one."The following year, King George III passed the Currency act which outlawed all forms of money in the colonies, forcing them to conduct all commerce using bank notes borrowed at interest from the Bank of England!
King George III - Click for larger image
The Currency Act
The Bank of England - Click for larger image
Interest Bearing bank note from the Bank of England, 1764
"The bank hath benefit of interest on all moneys which it creates out of nothing." -- William Paterson, founder of the Bank of England in 1694After the revolution, the new United States adopted a radically different economic system in which the government issued its own value-based money, so that private banks like the Bank of England were not siphoning off the wealth of the people through interest-bearing bank notes.
"The refusal of King George 3rd to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the revolution." -- Benjamin Franklin, Founding Father
"Any person holding any office or any stock in any institution in the nature of a bank for issuing or discounting bills or notes payable to bearer or order, cannot be a member of the House whilst he holds such office or stock." -- Third Congress of the United States Senate, 23rd of December, 1793, signed by the President, George WashingtonThe First Bank of the United States
But bankers are nothing if not dedicated to their schemes to acquire your wealth, and know full well how easy it is to corrupt a nation's leaders.
Mayer Amschal Rothschild
Alexander Hamilton - Click for larger image
The First Bank of the United States - Click for larger image
Click for larger image of the Geneva Gazette for July 1, 1812, reporting on the assassination of Spencer Perceval together with the declaration of the War of 1812.
"If my sons did not want wars, there would be none." -- Gutle Schnaper, wife of Mayer Amschel Rothschild and mother of his five sonsFinanced at virtually no interest by the Rothschild controlled Bank of England, Britain then provoked the war of 1812 to recolonize the United States and force them back into the slavery of the Bank of England, or to plunge the United States into so much debt they would be forced to accept a new private central bank. And the plan worked. Even though the War of 1812 was won by the United States, Congress was forced to grant a new charter for yet another private bank issuing the public currency as loans at interest, the Second Bank of the United States. Once again, private bankers were in control of the nation's money supply and cared not who made the laws or how many British and American soldiers had to die for it.
The Second Bank of the United States - Click for larger image
Bank Note from the Second Bank of the United States
Once again the nation was plunged into debt, unemployment, and poverty by the predations of the private central bank, and in 1832 Andrew Jackson successfully campaigned for his second term as President under the slogan, "Jackson And No Bank!" True to his word, Jackson succeeded in blocking the renewal of the charter for the Second Bank of the United States.
"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!" -- Andrew Jackson, shortly before ending the charter of the Second Bank of the United States. From the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels
News report of Jackson shutting down the Second Bank of the United States, Geneva Gazette, October 2, 1833
Following the loss of its charter, the Second Bank of the United States tried to operate as a normal bank, but failed after just 5 years.
President Zachary Taylor
President Zachary Taylor opposed the creation of a new Private Central Bank, owing to the historical abuses of the First and Second Banks of the United States.
"The idea of a national bank is dead, and will not be revived in my time." -- Zachary TaylorTaylor died on July 9, 1850 after eating a bowl of cherries and milk rumored to have been poisoned. The symptoms he displayed are consistent with acute arsenic poisoning.
President Zachary Taylor, ca 1850
President James Buchanan also opposed a private central bank. During the panic of 1857 he attempted to set limits on banks issuing more loans than they had actual funds, and to require all issued bank notes to be backed by Federal Government assets. He was poisoned with arsenic and survived, although 38 other people at the dinner died.
President James Buchanon
"The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." -- The Rothschild brothers of London writing to associates in New York, 1863President Abraham Lincoln
President Abraham Lincoln
Lincoln's Greenback - Click for larger image
"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." -- The London Times responding to Lincoln's decision to issue government Greenbacks to finance the Civil War, rather than agree to private banker's loans at 30% interest.In 1872 New York bankers sent a letter to every bank in the United States, urging them to fund newspapers that opposed government-issued money (Lincoln's greenbacks).
"Dear Sir: It is advisable to do all in your power to sustain such prominent daily and weekly newspapers... as will oppose the issuing of greenback paper money, and that you also withhold patronage or favors from all applicants who are not willing to oppose the Government issue of money. Let the Government issue the coin and the banks issue the paper money of the country... [T]o restore to circulation the Government issue of money, will be to provide the people with money, and will therefore seriously affect your individual profit as bankers and lenders." -- Triumphant plutocracy; the story of American public life from 1870 to 1920, by Lynn Wheeler
"It will not do to allow the greenback, as it is called, to circulate as money any length of time, as we cannot control that." -- Triumphant plutocracy; the story of American public life from 1870 to 1920, by Lynn Wheeler
"Slavery is likely to be abolished by the war power, and chattel slavery destroyed. This, I and my European friends are in favor of, for slavery is but the owning of labor and carries with it the care for the laborer, while the European plan, led on by England, is for capital to control labor by controlling the wages. THIS CAN BE DONE BY CONTROLLING THE MONEY." -- Triumphant plutocracy; the story of American public life from 1870 to 1920, by Lynn WheelerGoaded by the private bankers, much of Europe supported the Confederacy against the Union, with the expectation that victory over Lincoln would mean the end of the Greenback. France and Britain considered an outright attack on the United States to aid the confederacy, but were held at bay by Russia, which had just ended the serfdom system and had a state central bank similar to the system the United States had been founded on.
Tsar Alexander II of Russia, who prevented France and Britain from invading the US during the civil war.
With the end of Lincoln's Greenbacks, the US could no longer create its own interest free money and was manipulated during the term of President Ruthford B. Hayes into borrowing from the Rothschilds banking system in 1878, restoring to the Rothschilds control of the US economy they had lost under Andrew Jackson.
Messrs. Rothschild & Sons to Mr. Sherman.President James Garfield
[Cable message.]April 12,1878.
Hon. John Sherman,
Secretary of the Treasury, Washington D. C.:
Very pleased we have entered into relations again with American Government. Shall do our best to make the business successful.
ROTHSCHILDS.
James A. Garfield was elected President in 1880 on a platform of government control of the money supply.
"The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value. Grave doubts have been entertained whether Congress is authorized by the Constitution to make any form of paper money legal tender. The present issue of United States notes has been sustained by the necessities of war; but such paper should depend for its value and currency upon its convenience in use and its prompt redemption in coin at the will of the holder, and not upon its compulsory circulation. These notes are not money, but promises to pay money. If the holders demand it, the promise should be kept. -- James Garfield
"By the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system. Confusion has recently been created by variations in the relative value of the two metals, but I confidently believe that arrangements can be made between the leading commercial nations which will secure the general use of both metals. Congress should provide that the compulsory coinage of silver now required by law may not disturb our monetary system by driving either metal out of circulation. If possible, such an adjustment should be made that the purchasing power of every coined dollar will be exactly equal to its debt-paying power in all the markets of the world. --James Garfield
"Whoever controls the volume of money in our country is absolute master of all industry and commerce, and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." -- President James A. Garfield, two weeks before he was assassinated
President James Garfield
"There is too much loose talk nowadays about the danger of so much capital in the hands of a few men." -- Baron Alphonso Rothschild, 1892President William McKinley
In 1896, William McKinley was elected President in the middle of a depression-driven debate over gold-backed government currency versus bank notes borrowed at interest from private banks. McKinley favored gold-backed currencies and a balanced government budget which would free the public from accumulating debt.
"Our financial system needs some revision; our money is all good now, but its value must not further be threatened. It should all be put upon an enduring basis, not subject to easy attack, nor its stability to doubt or dispute. Our currency should continue under the supervision of the Government. The several forms of our paper money offer, in my judgment, a constant embarrassment to the Government and a safe balance in the Treasury." -- William McKinley
President William McKinley
The Aldrich Plan
In 1910, Senator Nelson Aldrich, Frank Vanderlip of National City (Citibank), Henry Davison of Morgan Bank, and Paul Warburg of the Kuhn, Loeb Investment House met secretly on Jekyll Island, Georgia, to formulate a plan for a US central bank, and created the Aldrich Plan, which called for a system of fifteen regional central banks, openly and directly controlled by Wall Street commercial banks. These banks would have the legal ability to create mnoney out of thin air and represented an attempt to create a new Bank of the United States. Public reaction was swift.
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Do to the intense public opposition to the Aldrich Plan, the measure was defeated in the House of Representaives in 1912. One year later the bankers would be back!
The Third Bank of the United States, aka The Federal Reserve
Following the defeat of the Aldrich Plan, in 1913, the Private Central Bankers of Europe, in particular the Rothschilds of Great Britain and the Warburgs of Germany, met with their American financial collaborators once again on Jekyll Island, Georgia to form a new banking cartel with the express purpose of forcing the United States to accept a private central bank, with the aim of placing complete control of the United States money supply once again under the control of private bankers. Owing to hostility over the previous banks, the name was changed from the Third Bank of the United States to "The Federal Reserve" system in order to grant the new bank a quasi-governmental image, but in fact it is a privately owned bank, no more "Federal" than Federal Express.
In the following video, former Chairman of the FED Allan Greenspan admits the Federal Reserve is a private bank and answers to no government authority.
The Federal Reserve is also exempt from all taxation, except property tax.
The Federal Reserve; it is neither "Federal" nor does it have any actual "Reserves", creating as it does money out of thin air. - Click for larger image
"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." -- From the Boston Federal Reserve Bank pamphlet, "Putting it Simply."
"Neither paper currency nor deposits have value as commodities. Intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries." -- "Modern Money Mechanics Workbook" - Federal Reserve of Chicago, 1975
"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
"States, most especially the large hegemonic ones, such as the United States and Great Britain, are controlled by the international central banking system, working through secret agreements at the Bank for International Settlements (BIS), and operating through national central banks (such as the Bank of England and the Federal Reserve)... The same international banking cartel that controls the United States today previously controlled Great Britain and held it up as the international hegemon. When the British order faded, and was replaced by the United States, the US ran the global economy. However, the same interests are served. States will be used and discarded at will by the international banking cartel; they are simply tools." -- Andrew Gavin MarshallThe 16th Amendment and the Income Tax
1913 proved to be a transformative year for the nation's economy, first with the passage of the 16th "income tax" Amendment and the false claim that it had been ratified.
"I think if you were to go back and and try to find and review the ratification of the 16th amendment, which was the internal revenue, the income tax, I think if you went back and examined that carefully, you would find that a sufficient number of states never ratified that amendment." - U.S. District Court Judge James C. Fox, Sullivan Vs. United States, 2003.Later that same year, and apparently unwilling to risk another questionable amendment, Congress passed the Federal Reserve Act over Christmas holiday 1913, while members of Congress opposed to the measure were at home. This was a very underhanded deal, as the Constitution explicitly vests Congress with the authority to issue the public currency, does not authorize its delegation, and thus should have required a new Amendment to transfer that authority to a private bank. But pass it Congress did, and President Woodrow Wilson signed it as he promised the bankers he would in exchange for generous campaign contributions.
News report of Wilson's signing the Federal Reserve Act. Under the Constitution, only a new Amendment could transfer the government's authority to create the currency to a private party.
President Woodrow Wilson
President Woodrow Wilson
Woodrow Wilson later regretted that decision.
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." -- Woodrow Wilson 1919Thomas Edison
Thomas Edison, arguably the most brilliant man of the age, was also well aware of the fraud of private central banks.
Thomas Edison
"People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest ...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. "Look at it another way. If the Government issues bonds, the brokers will sell them. The bonds will be negotiable; they will be considered as gilt edged paper. Why? Because the government is behind them, but who is behind the Government? The people. Therefore it is the people who constitute the basis of Government credit. Why then cannot the people have the benefit of their own gilt-edged credit by receiving non-interest bearing currency on Muscle Shoals, instead of the bankers receiving the benefit of the people's credit in interest-bearing bonds?" -- Thomas A. Edison, New York Times, December 4, 1921
The War to End All Wars - WW1
The next year, World War One started, and it is important to remember that prior to the creation of the Federal Reserve, there was no such thing as a world war.
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Archduke Franz Ferdinand, whose assassination triggered World War One
WW2
When the Weimar Republic collapsed economically, it opened the door for the National Socialists to take power. Their first financial move was to issue their own state currency which was not borrowed from private central bankers. Freed from having to pay interest on the money in circulation, Germany blossomed and quickly began to rebuild its industry. The media called it "The German Miracle". TIME magazine lionized Hitler for the amazing improvement in life for the German people and the explosion of German industry, and even named him TIME Magazine's Man Of The Year in 1938.
Hitler as TIME's Man Of The Year
"Should Germany merchandise (do business) again in the next 50 years we have led this war (WW1) in vain." - Winston Churchill in The Times (1919)Germany's state-issued value based currency was also a direct threat to the wealth and power of the private central banks, and as early as 1933 they started to organize a global boycott against Germany to strangle this upstart ruler who thought he could break free of private central bankers!
"We will force this war upon Hitler, if he wants it or not." - Winston Churchill (1936 broadcast)
"Germany becomes too powerful. We have to crush it." - Winston Churchill (November 1936 speaking to US - General Robert E. Wood)
"This war is an English war and its goal is the destruction of Germany." - Winston Churchill (- Autumn 1939 broadcast)
"Not the political doctrine of Hitler has hurled us into this war. The reason was the success of his increase in building a new economy. The roots of war were envy, greed and fear." -- Major General J.F.C. Fuller, historian, England
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"The war wasn't only about abolishing fascism, but to conquer sales markets. We could have, if we had intended so, prevented this war from breaking out without doing one shot, but we didn't want to."- Winston Churchill to Truman (Fultun, USA March 1946)Smedley Butler
"Germany's unforgivable crime before WW2 was its attempt to loosen its economy out of the world trade system and to build up an independent exchange system from which the world-finance couldn't profit anymore. ...We butchered the wrong pig." -Winston Churchill (The Second World War - Bern, 1960)
Marine Corps Major General Smedly Butler.
Albeft Einstein was of the opinion that the late entry of the US into the war against Germany was because the US was controlled by bankers who were making money off of Hitler.
The Wall Street bankers decided that a fascist dictatorship in the United States based on the one on Italy would be far better for their business interests than Roosevelt's "New Deal" which threatened massive wealth re-distribution to recapitalize the working and middle class of America. So the Wall Street tycoons recruited General Butler to lead the overthrow of the US Government and install a "Secretary of General Affairs" who would be answerable to Wall Street and not the people, would crush social unrest and shut down all labor unions. General Butler pretended to go along with the scheme but then exposed the plot to Congress. Congress, then as now in the pocket of the Wall Street bankers, refused to act. When Roosevelt learned of the planned coup he demanded the arrest of the plotters, but the plotters simply reminded Roosevelt that if any one of them were sent to prison, their friends on Wall Street would deliberatly collapse the still-fragile economy and blame Roosevelt for it. Roosevelt was thus unable to act until the start of WW2, at which time he prosecuted many of the plotters under the Trading With The Enemy act. The Congressional minutes into the coup were finally declassified in 1967, but rumors of the attempted coup became the inspiration for the movie, "Seven Days in May" but with the true financial villains erased from the script.
"I spent 33 years and four months in active military service as a member of our country's most agile military force -- the Marine Corps. I served in all commissioned ranks from second lieutenant to Major General. And during that period I spent more of my time being a high--class muscle man for Big Business, for Wall Street and for the bankers. In short, I was a racketeer, a gangster for capitalism. "I suspected I was just a part of a racket at the time. Now I am sure of it. Like all members of the military profession I never had an original thought until I left the service. My mental faculties remained in suspended animation while I obeyed the orders of the higher-ups. This is typical with everyone in the military service. Thus I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-12. I brought light to the Dominican Republic for American sugar interests in 1916. In China in 1927 I helped see to it that the Standard Oil went its way unmolested. During those years, I had, as the boys in the back room would say, a swell racket. I was rewarded with honors, medals and promotion. Looking back on it, I feel I might have given Al Capone a few hints. The best he could do was to operate his racket in three city districts. I operated on three continents." -- General Smedley Butler, former US Marine Corps Commandant,1935
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Louis T. McFadden
"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board and through the corrupt practices of the moneyed vultures who control it." -- Louis T. McFadden, June 10, 1932At one point McFadden started impeachment proceedings against the entire board of the federal reserve. Not too surprisingly, there were three attempts on McFadden's life, one shooting and two poisonings, the second of which was cuccessful. Although still officially declared as heart failure, newspapers of the time reported ...
"Now that this sterling American patriot has made the Passing, it can be revealed that not long after his public utterance against the encroaching powers of Judah, it became known among his intimates that he had suffered two attacks against his life. The first attack came in the form of two revolver shots fired at him from ambush as he was alighting from a cab in front of one of the Capital hotels. Fortunately both shots missed him, the bullets burying themselves in the structure of the cab. "He became violently ill after partaking of food at a political banquet at Washington. His life was only saved from what was subsequently announced as a poisoning by the presence of a physician friend at the banquet, who at once procured a stomach pump and subjected the Congressman to emergency treatment."President John F. Kennedy
President John F. Kennedy
Kennedy's United States Note - Click for larger
John J. McCloy
John J. McCloy, President of the Chase Manhattan Bank, and President of the World Bank, was named to the Warren Commission, presumably to make certain the banking dimensions behind the assassination were concealed from the public. Kennedy's E.O. 11110 has never been repealed and is still in effect, although no modern President dares to use it. Almost all of the current national debt has been created since 1963.
As we enter the eleventh year of what future history will most certainly describe as World War Three, we need to examine the financial dimensions behind the wars.
Towards the end of World War Two, when it became obvious that the allies were going to win and dictate the post war environment, the major world economic powers met at Bretton Woods, a luxury resort in New Hampshire in July of 1944, and hammered out the Bretton Woods agreement for international finance. The British Pound lost its position as the global trade and reserve currency to the US dollar (part of the price demanded by Roosevelt in exchange for the US entry into the war). Absent the economic advantages of being the world's "go-to" currency, Britain was forced to nationalize the Bank of England in 1946. The Bretton Woods agreement, ratified in 1945, in addition to making the dollar the global reserve and trade currency, obligated the signatory nations to tie their currencies to the dollar. The nations that ratified Bretton Woods did so on two conditions. The first was that the Federal Reserve would refrain from over-printing the dollar as a means to loot real products and produce from other nations in exchange for ink and paper; basically an imperial tax. That assurance was backed up by the second requirement, which was that the US dollar would always be convertible to gold at $35 per ounce.
The Bretton Woods resort, New Hampshire
Nixon announces the end of gold convertability
The "Nixon Shock"
click for full size imageBut as America's manufacturing and agriculture has declined, the oil producing nations faced a dilemma. Those piles of US Federal Reserve notes were not able to purchase much from the United States because the United States had little (other than real estate) anyone wanted to buy. Europe's cars and aircraft were superior and less costly, while experiments with GMO food crops led to nations refusing to buy US food exports. Israel's constant belligerence against its neighbors caused them to wonder if the US could actually keep their end of the petrodollar arrangement. Oil producing nations started to talk of selling their oil for whatever currency the purchasers chose to use.
Saddam Hussein and the lie of Iraq's nuclear weapons
Saddam Hussein
The clear US policy shift following 9-11, away from being an impartial broker of peace in the Mideast to one of unquestioned support for Israel's aggressions only further eroded confidence in the Petrodollar deal and even more oil producing nations started openly talking of oil trade for other global currencies.
Gaddafi and the Gold Dinar
Gaddafi
The Gold Dinar
UPDATE: Emails surfacing as part of the investigation into Hilary Clinton's use of a private email server for classified information CONFIRM that the real reason for the US invasion of Libya was to destroy the threat of the Gold Dinar becoming a pan-African currency, displacing the dollar!
General Wesley Clark blows the whistle on US plans to conquer the oil-rich Middle East
UPDATE: Emails from Secretary of State Hillary Clinton released as part of the Benghazi investigation confirm that the true motive for the attack on Libya was to control the Libyan oil reserves and to destroy Libya's gold-backed currency.
Now the bankers' gun sights are on Iran, which dares to have a government central bank and sell their oil for whatever currency they choose. The war agenda is, as always, to force Iran's oil to be sold only for US dollars and to force them to accept a privately owned central bank. Malaysia, one of the few remaining nations without a Rothschild central bank, is now being invaded by a force claimed to be "Al Qaeda" and has suffered numerous suspicious losses of its commercial passenger jets.
With the death of President Hugo Chavez, plans to impose a US and banker friendly regime on Venezuela are clearly being implemented.
So, just where is the gold?
Germany's gold bullion. Where is it?
Mexico has demanded a physical audit of their gold bullion stored at the Bank of England, and along with Venezuela's vast oil reserves (larger than Saudi Arabia), Venezuela's gold mines are a prize lusted after by all the Central Banks that played fast and loose with other peoples' gold bullion. So we can expect regime change if not outright invasion soon.
Can a bank foreclose on your house if they have provided nothing of real value in the mortgage?
A little remembered footnote in banking history occurred in December 1968. A bank was moving to foreclose on a house, and the homeowner decided to fight the foreclosure in court, arguing that contract law requires two contracting parties to agree to swap two items of value, legally called the "consideration." In the case of First National Bank of Montgomery vs. Jerome Daly, Daly argued that since the bank simply wrote a number in a ledger to create the loaned money out of think air, there was no real value and therefore no legally binding consideration. The lawyers for the bank admitted that this is how the bank works. They create money out of thin air as a ledger or computer entry, which you must repay with your labor. And there was no law in 1968 that specifically gave banks the legal right to do that. Daly argued that because there was no equal consideration, the mortgage was null and void and the attempt to foreclose invalid. The jury agreed! So did Judge Mahoney, who resisted demands to over-rule the jury in favor of the bank, and wrote a simple streightforward decision that stated that there was no question that the mortgage contract was void because the claim that the bank simply made up the money out of thin air was not disputed by the bank itself.
Judge Mahoney was murdered with poison less than six months later, and the lawyer representing Daly was debarred. The decision in favor of Daly was then nullified on procedural grounds and the entire matter forgotten!
You are BRAINWASHED!
You have been raised by a public school system and media that constantly assures you that the reasons for all these wars and assassinations are many and varied. The US claims to bring democracy to the conquered lands (they haven't; the usual result of a US overthrow is the imposition of a dictatorship, such as the 1953 CIA overthrow of Iran's democratically elected government of Mohammad Mosaddegh and the imposition of the Shah, or the 1973 CIA overthrow of Chile's democratically elected government of President Salvador Allende, and the imposition of Augusto Pinochet), or to save a people from a cruel oppressor, revenge for 9-11, or that tired worn-out catch all excuse for invasion, weapons of mass destruction. Assassinations are always passed off as "crazed lone nuts" to obscure the real agenda.
The real agenda is simple. It is enslavement of the people by creation of a false sense of obligation. That obligation is false because the Private Central Banking system, by design, always creates more debt than money with which to pay that debt. Private Central Banking is not science, it is a religion; a set of arbitrary rules created to benefit the priesthood, meaning the owners of the Private Central Bank. The fraud persists, with often lethal results, because the people are tricked into believing that this is the way life is supposed to be and no alternative exists or should be dreamt of. The same was true of two earlier systems of enslavement, Rule by Divine Right and Slavery, both systems built to trick people into obedience, and both now recognized by modern civilizatyion as illegitimate. Now we are entering a time in human history where we will recognize that rule by debt, or rule by Private Central Bankers issuing the public currency as a loan at interest, is equally illegitimate. It only works as long as people allow themselves to believe that this is the way life is supposed to be.
Behind all these wars, all these assassinations, the hundred million horrible deaths from all the wars lies a single policy of dictatorship. The private central bankers allow rulers to rule only on the condition that the people of a nation be enslaved to the private central banks. Failing that, said ruler will be killed, and their nation invaded by those other nations enslaved to private central banks.
The so-called "clash of civilizations" we read about on the corporate media is really a war between banking systems, with the private central bankers forcing themselves onto the rest of the world, no matter how many millions must die for it. Indeed the constant hatemongering against Muslims lies in a simple fact. Like the ancient Christians (prior to the Knights Templars private banking system) , Muslims forbid usury, or the lending of money at interest. And that is the reason our government and media insist they must be killed or converted. They refuse to submit to currencies issued at interest. They refuse to be debt slaves.
So off to war your children must go, to spill their blood for the money-junkies' gold. We barely survived the last two world wars. In the nuclear/bioweapon age, are the private central bankers willing to risk incinerating the whole planet just to feed their greed?
Apparently so.
This brings us to the current situation in the Ukraine, Russia, and China.
The European Union had been courting the government of the Ukraine to merge with the EU, and more to the point, entangle their economy with the private-owned European Central Bank. The government of the Ukraine was considering the move, but had made no commitments. Part of their concern lay with the conditions in other EU nations enslaved to the ECB, notably Cyprus, Greece, Spain, and Italy. So they were properly cautious. Then Russia stepped in with a better deal and the Ukraine, exercising the basic choice all consumers have to choose the best product at the best price, dropped the EU and announced they were going to go with Russia's offer. It was at that point that agents provocateurs flooded into the Ukraine, covertly funded by intelligence agency fronts like CANVAS and USAID, stirring up trouble, while the western media proclaimed this was a popular revolution. Snipers shot at people and this violence was blamed on then-President Yanukovich. However a leaked recording of a phone call between the EU's Catherine Ashton and Estonia's Foreign Minister Urmas Paet confirmed the snipers were working for the overthrow plotters, not the Ukrainian government. Urmas Paet has confirmed the authenticity of that phone call.
This is a classic pattern of covert overthrow we have seen many times before. Since the end of WW2, the US has covertly tried to overthrow the governments of 56 nations, succeeding 25 times. Examples include the 1953 overthrow of Iran's elected government of Mohammed Mossadegh and the imposition of the Shah, the 1973 overthrow of Chile's elected government of Salvador Allende and the imposition of the Pinochet dictatorship, and of course, the current overthrow of Ukraine's elected government of Yanukovich and the imposition of the current unelected government, which is already gutting the Ukraine's wealth to hand to the western bankers.
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Flag waving and propaganda aside, all modern wars are wars by and for the private bankers, fought and bled for by third parties unaware of the true reason they are expected to gracefully be killed and crippled for. The process is quite simple. As soon as the Private Central Bank issues its currency as a loan at interest, the public is forced deeper and deeper into debt. When the people are reluctant to borrow any more, that is when the Keynesian economists demand the government borrow more to keep the pyramid scheme working. When both the people and government refuse to borrow any more, that is when wars are started, to plunge everyone even deeper into debt to pay for the war, then after the war to borrow more to rebuild. When the war is over, the people have about the same as they did before the war, except the graveyards are far larger and everyone is in debt to the private bankers for the next century. This is why Brown Brothers Harriman in New York was funding the rise of Adolf Hitler.
As long as Private Central Banks are allowed to exist, inevitably as the night follows day there will be poverty, hopelessness, and millions of deaths in endless World Wars, until the Earth itself is sacrificed in flames to Mammon.
The path to true peace on Earth lies in the abolishment of all private central banking everywhere, and a return to the state-issued value-based currencies that allow nations and people to become prosperous.
"Banks do not have an obligation to promote the public good." -- Alexander Dielius, CEO, Germany, Austrian, Eastern Europe Goldman Sachs, 2010
"I am just a banker doing God's work." -- Lloyd Blankfein, CEO, Goldman Sachs, 2009
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