Submitted by Tyler Durden on 06/14/2015 14:22 -0400http://www.zerohedge.com/news/2015-06-14/cornering-earth-how-rothschilds-controlled-least-one-third-global-wealth-over-100-yeOne week ago
we presented the prophetic work of Alfred Owen Crozier who in 1912 penned "
U.S. Money vs Corporation Currency"
in which, together with 30 illustrations that captured Wall Street
precisely as it would turn out some 103 later year, he explained why the
the "Aldrich Plan" proposal, infamously crafted in secrecy by a small
group of bankers and their bought politicians on Jekyll Island to
establish a National Reserve Association, a money printing-predecessor
to the Federal Reserve, would lead to untold pain, suffering ans war.
The Aldrich Plan was defeated only to bring the Federal Reserve Act
of 1913, and the most deadly 30-year period of warfare in human history.
And while we urge everyone to read the Crozier's book for its
profound insight, and its painful reminder that even in the "New Normal"
there is absolutely nothing new, as everything that has happened was
foretold over a century ago, we wish to bring readers' attention on one
segment in the book.
A segment dealing with the Rothschild family.
Below are select excerpts of a text written precisely 103 years ago by Alfred Owen Crozier, in "U.S. Money vs Corporation Currency."
* * *
[The Rothschild] descendants comprise the four great banking houses
of that name in Europe—in London, Paris, Berlin and Vienna. In 1863 the
wealth of this one family was conservatively estimated at
$3,200,000,000, over three billions of dollars. This huge total
compounded during the past fifty years and increased by incidental
investments in mines, timber and many other things, may now amount to
fifty or one hundred billions. No one outside knows the amount.
With
alliances controlled by this family it surely directly or indirectly
controls a large portion of all government bonds and at least one-third
of the world's estimated total wealth of $377,000,000,000.
But suppose the Rothschilds themselves only own $39,000,000,000, an
amount equal to the bonded debt of all the governments of the world,
with an annual income of $2,300,000.000 or two-thirds what their total
wealth was in 1863. Any change either way in these figures will be a
variation only in degree.
In no way does it materially change
the acknowledged potent fact that in all great national and
international monetary and financial affairs the Rothschilds always play
the ruling hand. They possess masterful genius and financial intellect.
But
it is the sheer weight of liquid or ready wealth held in such large
quantity that all the nations of the world must go to the Rothschilds
for financial assistance in time of peace, or before they can go to war
whatever the provocation or emergency, that gives them supreme power in
the world's affairs. No war can be waged without money, and no large nation can get adequate money to finance a war from anyone but the Rothschilds.
Therefore it is reasonable to assume that whenever any war is begun the Rothschilds have consented thereto. They
may finance both sides, because it is immaterial whether the interest
profits they crave come from one or both countries. In fact the war
furnishes an excuse recognized as legitimate for charging both nations
higher interest rates not only on the new debts but on old obligations
maturing and being refunded. Increase to 4 per cent from 3 per cent is a
25 per cent increase in the total income and in the value of bonds,
measured by their earning power.
It is known, of course, that after the nations have fought for a
while and murdered tens of thousands and wounded and permanently maimed
hundreds of thousands of human beings on both sides, pressure exerted by
other governments instigated by the financiers will force a quick
compromise, leaving the nations both in approximately the same condition
as before except that each has vastly increased its debt and the annual
interest burden on its people while the financiers have gotten rid of
accumulated capital in exchange for high interest gold bonds that can
not be paid for perhaps thirty or fifty years.
This surely is the result if not the deliberate plan.
Then again, the debt of the principal European countries has been
doubled or vastly increased during the long period of "armed peace."
Frequent rumors of war or warlike preparations each year have been
ping-ponged back and forth between the countries in the public press.
These have tended to excite popular fear, hate and patriotism and cause
the people to consent and even to urge the governments to swell vastly
the mortgage burden upon the peoples for funds to increase and equip
still larger standing armies and to build greater and more expensive
navies. By withdrawing millions of men. into armies and idleness it
reduces production and the earning power of the people, increases the
burden on those employed, and makes it more certain that existing bonds
will not be paid but will be refunded and increased. Why not have bigger
armies, navies, forts, guns, idleness of millions of soldiers, rumors
of war or even occasional war, when such things are so fruitful, so
necessary to cause the issuance of more bonds to provide profitable
investment for the $5,000,000,000 of excess income derived yearly from
interest paid on existing issues of gold bonds?
These conditions explain at least a substantial portion of the bonded debt and yearly interest of these countries.
Peaceful and quiet little Netherlands (the home of the dove of peace,
the Hague) and Belgium together have a larger debt than the United
States, although their aggregate wealth is but $13,000,000,000, as
against $125,000,000,000 for this country. Belgium has 7,074,910
population and a debt of $93.77 per capita. Evidently they have been
frightened into hopeless, permanent debt by the menacing actions of
their neighbors towards each other.
Poor exploited Congo, whose
ignorant natives do not know a bond from a hole in the ground or
interest and the gold standard from the milky way and the Aurora
Borealis, has been given a hot dose of the "blessings of
Christian civilization" by being saddled with a debt of $20,000,000 on
which annually they must pay $1,260,306 interest profits to the
exploiters. Unwelcome British rule has imposed upon India a yoke of
mortgage debt 40 per cent larger than the total bonded debt of the
United States.
Portugal with $2,500,000,000 wealth has a government debt of
$864,561,212, or 35 per cent. No wonder it tired of royalty and sought
relief as a republic. The tombs of Pharaohs of Egypt now groan under a
public debt half that of the United States.
China may be the next debt victim.
Is hopeless debt and perpetual interest slavery forever to be the price of Christian civilization and civil liberty?
Large portions of most of these vast bond issues are in the strong boxes of the Rothschilds. No doubt they are satisfied with their clever work in Europe,
their
manipulation of Governmental policies, their control of state and
private finances through great private central banks dominated by them
in the principal countries, and their mastery, through the purse, over
kings, czars and emperors. They have seen the average
government debt of European nations grow until it has become about equal
to one-tenth of the entire wealth of those countries.
But they must be sorely disappointed and dissatisfied with
the work and progress of their direct personal representatives in the
United States. Here we have the richest and most substantial
country, the best security, on the globe and the financiers have
succeeded in keeping it in debt only about three-fourths of 1 per cent
of its $125,000,000,000 of wealth. And worse than that, the Government
has kept control of its monetary system and currency supply and so
conducted its finances that most of the bonds bear only 2 per cent
interest, or 40 to 60 per cent less interest annually than is paid by
other governments
that have turned monetary control over to the
same private interests that buy and own the bonds issued by themselves
for the Government to themselves for their individual profit.
Then no doubt they have been worried over another serious problem.
Their financial ascendency and control over governments and maintenance
of relatively high interest rates is possible only so long as they own
or at least control all large loanable funds seeking such investments;
only while there is no important competition.
The wonderful natural resources of the United States and the
boundless energy of its people has greatly increased the liquid capital
of the country. Hundreds of millions of American debts to European
investors have been paid off or bought up by Americans. This has tended
to increase the supply of idle capital in Europe.
And now the
United States has invaded Rothschild's exclusive melon patch by bidding
for large issues of the new or of refunding bonds of various
governments. This is a serious situation. If this competition
goes on it is certain to lower the rates of interest not only on new
issues but ultimately on the entire 39 billion dollars of present bonds,
to say nothing of state, county, city, district and corporation bonds.
Genuine competition, such as the United States could furnish with the
available investment capital it now commands or soon will have, might
easily lower the average bond interest of other governments to the 2 per
cent basis enjoyed by our Government. This would cut down by one-half
the annual income of the owners of the fixed income or bond wealth of
the world. They would lose thereby $2,500,000,000 annually. This in
effect would be the equivalent of a direct shrinkage of so per cent in
the value of the 39 billions of bonds, an immediate loss of nearly 20
billion dollars, for the value of bonds is measured by their rate of
interest, the annual income they yield, their earning power.
And we now see the stealthy hand of these foreign bond-holders in one
of the most clever and far-reaching schemes ever devised by the mind of
man, driving American sentiment and politics rapidly toward the
adoption of a plan that will instantly remove the one menace to the
supremacy and profits of the Rothschilds, viz.: competition for bonds.
It is believed that the scheme now called "Aldrich plan" was
originally conceived and worked out in Europe by the Rothschild
interests, and that it was put out here or pushed by Jacob H. Schiff and
Paul M. Warburg of the firm of Kuhn, Loeb & Co., said to represent
here or do business with the Rothschilds of Europe. It is at least
certain that Mr. Schiff of that firm was actively advocating a central
bank as far back as 1906, when the New York Chamber of Commerce on
October 4, 1906, officially adopted the plan after sending its
representatives to Europe for several months to meet and personally
discuss the matter with the big financiers of Europe.
The official records of the Chamber, printed elsewhere in this volume, show these facts.
Since then Mr. Warburg has been the most active of the Wall
Street financiers in promoting the central bank or National Reserve
Association plan by way of articles, speeches, conferences, and in
persuading bankers and the American Bankers' Association to join in
promoting the scheme through Congress, and in thereafter participating
in its benefits. He has been greatly aided from the outset by
the Standard Oil interests, officials of the National Bank of Commerce
and National City Bank of New York (Mr. Schiff being a director of both
of these banks), and affiliated banks in that and other cities and by
many of the powerful financiers of Wall Street.
We show
elsewhere conclusive documentary proof that the Aldrich plan is
identical with what we could call the Rothschilds' plan, but have named
"New York Chamber of Commerce's first plan," adopted in 1906,
except that the original plan at least made a pretense of Government
control, while the Aldrich plan is strictly for a private corporation.
At the currency conference of the National Civic Federation in New
York on December 16, 1907, Mr. Spyer presided, and Mr. Seligman
introduced the prepared resolutions. Both are Hebrew Wall Street
international bankers said to do business for or with the great
financiers of Europe. August Belmont, who then was president of the
National Civic Federation, is said also to represent or do business with
the Rothschilds.
Jacob H. Schiff seems to have led the movement that has caused the
abrogation of the commercial treaty with Russia. The action taken was
right, for obedience to the provisions of all treaties must be enforced.
But we wonder if the only object was to punish Russia for denying
passports to a mere handful of American Jews?
Was there back of it in Europe a Rothschild scheme to embroil the two
nations so that each would increase its bonded debt, sell more bonds,
to be prepared for possible complications if not actual hostilities?
[ZH: all this is written 2 years before World War I erupted]
Several attempts looking to a vast increase of the bonded
debt of the United States have been made, other attempts will be made. But this Government should pay every dollar of its bonded debt and then stay out of debt. It would be a wholesome example to the world. It would show to all nations
the advantages of self-government and human liberty.
With the Standard Oil, the Morgan and the Kuhn, Loeb & Co. groups
linked by ties of mutual interest and profit with the Rothschilds and
their affiliations abroad, there would be complete harmony and
co-operation and practically no competition between America and Europe
for big government loans. All danger of lowering interest rates has been
removed and an effective plan adopted that will enable substantial
increases from time to time in the bond interest rate the world over.
There will be no adequate market for such bonds except with this
international money combine.
Truly, the United States proposes
to become a "financial world power" by this merger, but it will be
controlled from the other side because Europe, the Rothschilds, will
furnish 90 per cent of the cash. Wall Street seems to be
willing to play second fiddle and permanently sell out the interests of
the United States and the welfare of all the people for the mere hope
that by thus
getting near the money throne of the Rothschilds some crumbs from their table will fall within the reach of our high financiers.
This Rothschild scheme if adopted will ultimately plunge the United States into the slavery of debt like the European nations. They
do not want 2 per cent bonds. So it is proposed to increase the
interest 30 to 50 per cent, make the rate 3 per cent, refund the present
United States debt and make it payable in fifty years. That is the
Aldrich plan, the provisions of the pending bill. Then it will be
proposed to so change the tariff and increase expenditures that each
year will show a deficit that can be converted into long time bonds. No
doubt it is expected that in time the mort-gage debt of this country
will be increased to $2,000,000,000, or even more, which with interest
at 3 per cent instead of 2 per cent would- be the equivalent of a bonded
debt of $3,000,000,000 so far as the yearly interest burden is
concerned.
The only way the human race can get the benefit, or its due because
of the rapid increase of the world's wealth, is to have free and
unrestricted competition for loans maintained, so that as wealth
increases the rate of interest will decrease.
A billion of public currency now is to be taken away from the
Government and given outright and free to a private corporation owned by
the banks,
and ultimately the National Reserve Association is
to control the entire three billions of money heretofore issued by the
United States Government. The association will gather up the
United States money, hold it as a "reserve" and issue thereon two or
three times its amount in corporation currency. Then by contraction and
expansion of the money supply it will rule every bank and manipulate the
supply of $20,000,000,000 of business credit and all prices and
dominate everything in America for the profit of the world-wide money
trust of which the National Reserve Association will be the American
branch.
This is the game, the program. If it succeeds the
republic and all its people will find themselves permanently enslaved by
the bondage of debt, chained helplessly to a system that takes
everything and gives nothing, the victims of a soulless and sordid
conspiracy that is moral if not legal treason against the welfare and
perhaps the life of the nation.
* * *
A few notes:
- As noted previously, this text was written in 1912.
- The Aldrich Plan in its proposed form was rejected, only for the
bankers behind it to refine it and present it as the Federal Reserve Act
which subsequently passed in 1913, months before the start of World War
I. The premise behind the Act was that the US nation, and not
commercial banks, that decides the fate of US money. As the events of
2008 showed, this is completely false, and the US Federal Reserve is
nothing more than the US Central Bank, working on behalf - and printing
at the bidding - of a few major banks.
- The Rothschild name is far less prominent these days; instead the
family which has kept a very low profile since the two world wars, has
remained active in determining policy through the control of financial
interests in the prominent commercial banks of the day, either in
Europe, the US or, most recently, Asia.
- Contrary to 1912, US debt is no longer paltry, in fact quite the
opposite. Depending on one's definition of debt, total US debt is
anywhere between 100% of GDP to many times that if one accounts for
underfunded entitlements and public sector liabilities.
- Unlike in 1912 when the rate of interest on debt is what mattered,
under a ZIRP and then NIRP regime, the mere issuance of debt is what is
critical now that virtually zero-cost debt is the functional equivalent
of preferred (or even common) equity. Upon an event of default, the
transfer of equity ownership falls in the hands of the debt holder which
means the last decade has been nothing but a preparation for the
biggest debt for equity exchange in the history of the human race, with
the new equity holders of virtually all global assets set to be a select
group of financial oligarchs.
- The enslavement through debt bondage of the American people turned out just as the author had predicted.
- "Let us control the money of a nation, and we care not who makes its laws"
- the maxim of the house of Rothschild and is the foundation principle of European banks (source).
