Modern history is a cartel-sponsored myth
We're taught in school that the United States began as a unique experiment in laissez-faire capitalism and participatory democracy, but this is pure mythology.
By the time North America was colonized, private banking interests were largely in control of Europe, including Britain and, by default, its 13 American colonies. When the British bankers discovered--by way of Benjamin Franklin's testimony before Parliament--that the colonies printed their own money and that this practice was largely responsible for the low incidence of poverty in the colonies, the British bankers ordered Parliament to ban paper currencies in the colonies. This is corroborated by Franklin's later testimony that cites this prohibition against local script as one of the chief grievances of the colonists.
Given the pointed and well-funded Orwellian efforts of the international banking cartel to destroy any documentation that undermines their hegemony over money creation, it has become difficult to determine the genuineness of certain quotes attributed to various American revolutionaries and other key historical figures regarding their views on money and banking; but, it is clear from the comments and actions of the founders that the prohibition of the colonies printing their own currency caused a rapid shrinking of the money supply and a depression, and, in turn, became a cause célèbre for revolution.
Founders foundered in money matters
Yet, despite their adherence to paper currency, the nation's founders did not fully grasp how money worked and how the European usurers leveraged privately controlled money creation to gain control over corporations and governments. So, despite defeating the British bankers' Hessian mercenaries during the Revolutionary War, President Washington ignored Jefferson's objections and decided in favor of Alexander Hamilton's proposal to create the First Bank of the United States, which was modeled on and controlled by the Bank of England, a private central bank. Thus, the criminal bankers once again gained power over their former colonies, essentially usurping the short-lived sovereignty of the United States.
Although a series of Presidents and other public officials resisted the cartel's aggressions, private control over money creation endured and proved to be the bankers' lynchpin to power, enabling a handful of families to gain control over the central banks, large commercial and investment banks, corporations, and governments of the world.
President Madison's refusal to renew the 20-year charter of the First Bank of the United States in 1811 brought reprisals from Britain, ending in a declaration of war by the U.S. Essentially, the British bankers used British naval operations to sucker the U.S. into further debt, resulting in the misguided establishment of the Second Bank of the U.S., another shill for British and European bankers.
Debt as a weapon of mass destruction
President Andrew Jackson refused to renew the charter of the Second Bank of the U.S., thus precipitating a depression as threatened by Nicholas Biddle, who headed up the bank for the European parties that controlled it. Seven unsuccessful attempts were made on Jackson's life following his stand.
Following Jackson's successful stand, the banking cartel sought to drive the nation into debt via public works projects. After the very successful Erie Canal project, financed by bonds, a number of copycat public works projects were begun, primarily for canals and railroads.
In the decade running from 1820 to 1830, state governments had borrowed a total of just twenty-six million dollars. In the next five years, new borrowing rose to forty million dollars. And in the next three years--1836 to 1838--borrowing exceeded one hundred million dollars. In a very short period, American states had accumulated obligations roughly equal to the combined national debt of Russia, Prussia, and the Netherlands. --Alasdair Roberts, America's First Great Depression: Economic Crisis and Political Disorder after the Panic of 1837, Cornell University Press, 2012, ppg. 51-52, 63-66.
This strategy, of forcing nations into debt, has been employed worldwide by the banking cartel for centuries; for example, in Africa.
Assassinating presidents; creating wars; and destroying sovereignty
The Anglo-European bankers and their U.S. partners continued to press for another privately owned and operated national bank. When President Zachary Taylor made known his intention in 1850 to block any attempt at such a bank,[1] he was poisoned.
Fearing that the United States would remain sovereign, issue its own currency, and put them out of business, the banking cartel exacerbated the divisions between North and South, helped finance the Confederacy, and attempted to drive the U.S. into debt in order to fund the Union Army. President Lincoln was told by Wall Street that they would lend him the funds to fight the war--at 24 to 36% interest! On the suggestion of one of his advisers, Lincoln chose to use the Constitutional provisions of Article I, Section 8, to print real U.S. dollars (Greenbacks) to pay for the war.
This was the cartel's worst nightmare. As the London Times noted:
"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." --Hazard Circular - London Times 1865
The cartel responded by exerting control over the ever-corrupt U.S. Congress, which passed the National Banking Acts in 1863 and 1864, essentially forcing the U.S. government to issue treasury bonds, on which principal and interest must be paid, to receive the usurers private bank notes. Once again, sovereignty of the U.S. government had been usurped.
Selling the snake oil of "sound money" and the golden calf
Lincoln--who saw the wisdom in issuing Greenbacks, and was hoping to reverse the National Banking Acts and thwart the cartel's move to reinstate the gold standard and choke the money supply--was assassinated and, by 1866, the cartel's relentless life-threatening methods and bribes in pursuit of power managed to re-establish the gold standard, causing a drastic shrinking of the money supply and depression throughout the land, which continued to get worse. By 1871, riots broke out across the country, with many voters calling for the use of Greenbacks and silver.
The bankers clearly felt threatened, which resulted in even more severe measures, including the demonetization of silver in 1873, and the use of loans as blackmail, as evidenced in this letter distributed to all members of the American Bankers Association:
"It is advisable to do all in your power to sustain such prominent daily and weekly newspapers, especially the Agricultural and Religious Press, as will oppose the greenback issue of paper money and that you will also withhold patronage from all applicants who are not willing to oppose the government issue of money. To repeal the Act creating bank notes, or to restore to circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders. See your congressman at once and engage him to support our interest that we may control legislation." --James Buel, Secretary, American Bankers Association, 1877
Four years later, in the midst of the continuing economic crunch precipitated by the bankers policies, President James Garfield declared:
"Whosoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realise 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."
Within weeks, Garfield was assassinated.
Using the ruse of "sound money," that is, currency supposedly backed by gold, the bankers continued to alternately expand and choke the money supply and steal the assets built by labor.
Plutocrats arrogantly declare their intentions
In the age of the robber barons, arrogance was fashionable:
"On Sept 1st, 1894, we will not renew our loans under any consideration. On Sept 1st we will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at our own price... Then the farmers will become tenants as in England..." --1891 American Bankers Association as printed in the Congressional Record of April 29, 1913
In the throes of this criminal scam, William Jennings Bryan, the Democratic candidate for President in 1896, sought to loosen the bankers grip on money creation by monetizing silver:
"We will answer their demand for a gold standard by saying to them: You shall not press down upon the brow of labour this crown of thorns, you shall not crucify mankind upon a cross of gold."
Part of the bankers' strategy against Bryan was for factory bosses to tell their workers that the business would shut down and everyone would lose their jobs if Bryan was elected. Bryan was narrowly defeated and ran again in 1900 and 1908, also coming up short.
The false flag of depression once again provides an excuse
The next major orchestrated contraction was in 1907, with the central bankers, behind J.P. Morgan, printing $200 million to loan to the illiquid banks. Woodrow Wilson was fooled just like most Americans:
"All this trouble could be averted if we appointed a committee of six or seven men like J.P.Morgan to handle the affairs of our country."
Not everyone fell for the scam:
"Those not favourable to the money trust could be squeezed out of business and the people frightened into demanding changes in the banking and currency laws which the Money Trust would frame." --Rep. Charles A. Lindbergh (R-MN)
Nevertheless, on December 23rd, 1913, with Congress in recess, WITH ONLY THREE MEMBERS PRESENT, the Senate passed the Federal Reserve Act on a technicality (the Senate had not properly adjourned). Despite this, Wilson signed the act, over the objections of a few brave men:
"The financial system has been turned over to ... the federal reserve board. That board administers the finance system by authority of ... a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other peoples money." --Rep Charles A, Lindbergh (R-MN)"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board ... This evil institution has impoverished ... the people of the United States ... and has practically bankrupted our Government. It has done this through ... the corrupt practice of the moneyed vultures who control it." --Rep. Louis T, McFadden (R-PA)
The printing press that bought the world
As we noted here, it's been all downhill for democracy ever since, with the Federal Reserve System acting as a backstop for the cartel's U.S. and foreign[2] commercial and investment banks, and their corporations, as they plundered the planet.
The result of this consolidation of power--over money creation, transnational corporations (including ownership over mass media and voting machines) and government--is, by definition, a fascist system; that is, corporate control over the state, capital over labor, and criminality over law.
As we have demonstrated, this power is a result of private control over money creation and, despite the manipulation of laws and control of massive armaments--including top secret electronic, chemical, and biologic weaponry capable of geological, meteorological, and biological warfare--the cartel remains dependent on its dominion over money. Without it, it could not bribe and bully the various levels of government, the military, and the police to serve at its will.
The sine qua non of democracy
There is an antidote for private control over money creation, which is, obviously, public control over money creation. Indeed, this has been the battle, particularly over the past five centuries, beginning in Europe, expanding to North America, and then the rest of the world: private versus public banking.
Understanding the difference is simple. Economics, stripped of obfuscation invented by the usurers to obscure their crimes, is not rocket science. Anyone with an elementary understanding of mathematics knows that money accumulates faster if one reinvests it rather than giving it away to those who use it in their personal interest, speculate with it, and spend it on luxuries. Public banking is simply a means of leveraging taxpayer dollars in the public interest. It's been practiced longer than private banking and left to its own devices--unfettered by the private cartel's assassins, counterfeiters, speculators, mercenaries, and lackeys--has shown its fiscal superiority on virtually every continent and in every age, including the original 13 American colonies, the Continental Congress, and the Lincoln presidency.
This does not mean that, in and of itself, public banking is sufficient to restore democracy. The use of public banking by Hitler and Stalin, though effective in accumulating capital and driving economic growth, shows that public banking alone is not enough to guarantee a just and progressive society; but, as we've shown here, a public banking network is the only way to create a stable currency and--if coupled with verifiable voting and decentralized media--is the only way to create a democratic economy and political system.
Federal and State Governments are Owned and Operated
Beginning late in the first decade of the 21st Century, a public banking movement arose in the United States. Since 2010, bills to study public banking or implement a public bank have entered the legislative process from bi-partisan sources in 20 states, in turn, germinating discussions at the county and city level. Even the U.S. Congress has faced bi-partisan bills to nationalize the Federal Reserve from Rep. Dennis Kucinich, D-OH (National Emergency Employment Defense [NEED] Act of 2011) and audit the Federal Reserve from Rep. Ron Paul, R-TX ("Federal Reserve Sunshine Act of 2009") and Sen. Bernie Saunders, I-VT ("Federal Reserve Transparency Act of 2009").
It is a testament to the ubiquitous power of the banking cartel that no matter how far along any of these efforts make it through the legislative process, the cartel always has a means to prevent implementation; for example, in 2011 when both branches of the California legislature approved a measure (AB 750) to study a public bank and Gov. Jerry Brown vetoed it.
In Colorado, from 2012 through 2014, Colorado Public Banking brought 4 different initiatives, back-to-back-to-back-to-back, for a ballot measure regarding a publicly owned state bank. Over the course of these initiatives, the legislative, executive, and judicial branches of the state government all made clear their disdain for the bill and for permitting the electorate to vote on the bill, as we have detailed here, here, here, here, and here. Not content with stopping the electorate from voting on matters of vital concern, both the red and blue of the Party have continued to seek further limitations on initiatives, beginning with requiring more and more signatures, as well as limiting subject matters, so that related issued cannot be dealt with holistically. Here are the latest proposed obstacles.
All politics are local
If the public is going to take back control over money--and use it as a means of accounting for and supporting its labor, rather than as a commodity to devalue labor and be manipulated by the bankers' various rigged casino games--then this movement must begin in the U.S. at the city and county level, where folks can go down to the municipal building or county courthouse, look their so-called representatives in the eye, and ask them, "Whom do you represent, the banks or the people?"
Of course, there are more facets to a people-oriented system than just money. As noted earlier, in addition to the money and credit system, the international banking cartel controls all key corporations, governments, and natural resources; but there remains much that is still in play that could begin to turn around this state of affairs, including local power generation, food, health care, and education--as long as we remain clear that the root cause of global dysfunction is private control over money creation, and tie back each initiative to this primary issue.
Just as we have seen at the federal and state level, many of the statutory local laws on the books were written by the cartel to secure their monopoly over money creation, thus it may be necessary, where possible, to re-write local laws through the adoption of a home rule charter or through ballot amendments. Here, too, the cartel uses its control over the states to override the will of the people, as we have seen recently:
Hawaii's GMO Battle: Federal Judge Strikes Down Kauai's Pesticide Regulations
"If there is hope, it lies in the proles." --George Orwell, Nineteen Eighty Four
Another necessary restoration is local control over the police. Part of the cartel's objectives in creating the 9-11 event--in addition to their attempt to shred the Constitution, shut down public banks around the world, steal natural resources, and secure geo-political advantage--is the establishment of international control over military and police units. A good example of the implementation of this is the manner in which the Occupy Wall Street movement was dismantled around the world. Here in the U.S., the orders came from the FBI, yet the same orders were also carried out around the world. Another example is the NYPD slowdown (December, 2014--January, 2015) in an attempt to shift the blame from themselves, for police brutality and racism, onto the protesters and the mayor, for "lack of support. What's come to light over this shameless tactic is that much of the police's work is making up for deficiencies in tax collections, because their masters have choked the money supply; in other words, the police are used to further pillage the populace. Any persons or public officials that oppose the police face their wrath (and here).
Given the growing lawlessness of local police--murdering unarmed citizens, sexual assaults, etc.--it's time that their operations were returned to local civilian control and monitoring, including the mandatory use of video cameras on all personnel, monitored by independent community boards.
While the power of the cartel appears more monolithic than any previously recorded earthly empire, it's important to remember that we are actually talking about a very small group of top controllers--approximately .00001% of the world's population. This is the reason that the cartel is so obsessed with lock-step obedience from its military and police troops, along with the cultivation of advanced weaponry and surveillance, as well as with constant war: this is the only way for such a small group of people to maintain control over the world. When the police wake up to their use as cannon fodder for the cartel, all bets are off, and democracy will, once again, be possible.
FOOTNOTES:
[1] The idea of a national bank "is dead, and will not be revived in my time." Holt, Michael F (1999). The Rise and Fall of the American Whig Party: Jacksonian Politics and the Onset of the Civil War. Oxford University Press. ISBN 978-0-19-505544-3, p. 272.
[2] Federal Reserve Notes became the world's reserve currency in 1944, during a conclave of the Allied forces at Bretton Woods, New Hampshire.
Copyright, Robert Bows, 2014
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http://www.monticello.org/site/jefferson/private-banks-quotation
ReplyDeleteThomas Jefferson never said that.
Thank you. I corrected this according to the Monticello archives.
DeleteExcellent presentation. Thank you very much.
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Catherine Morrison November 25, 2017 at 8:50 AM
ReplyDeleteMost interesting presentation. My gratitude to you and to the PBI. I hope to understand all this sufficiently well to promote a Public Bank in Vermont where much work has already begun, but is currently languishing as the State Treasurer seems disaffected (under lobbying pressure from Private Banks) and she has great influence in Montpellier.