titanic sinks

The National Debt Scam

"Competition is sin!"

John D. Rockefeller

Titanic didn’t sail in ‘unlucky’ year for icebergs

The Public Bank Option - Safer, Local and Half the Cost

"Before passage of this Act, the New York bankers could only dominate the reserves of New York. Now we are able to dominate bank reserves of the entire country." - Nelson Wilmarth Aldrich

"The present Federal Reserve System is a flagrant case of the US government conferring a special privilege upon bankers. The US government hands to the banks its credit, at virtually no cost to the banks, to be loaned out by the bankers for their own private profit. Our present money system is a debt money system. Before a dollar can circulate, a debt must be forged. Such a system assumes that you can borrow yourself out of debt." - Willis A. Overholser

We can't grow ourselves out of debt,
no matter what the Federal Reserve does

1911 Corporations are starting to finance their own expansions out of profits instead of taking out huge loans. In the first ten years of the century, 70% of corporate funding came from profits.

Samuel Untermeyer delivers the speech "Is There a Money Trust?".

Charles August Lindbergh asserts that a banking trust existed within the United States and that it should be investigated.

An 'educational' fund of $5,000,000 is set up to finance academics at top universities to endorse the new central banking plan.

The new central bank would be very similar to the Bank of North America, in that it would be given a monopoly over US currency and create that money without collateral backing.

In order to make the public think the new central banking system was under control of the US government, the plan called for the central bank to be run by a board of governors appointed by the President and approved by the Senate.

"When that monetary bill was given to the country, it was but a few days previous to the meeting of the American Bankers Association in New Orleans in 1911. There was not one banker in a hundred who had read that bill. We had twelve addresses in favor of it." - Andrew Frame 1911

The Federal Reserve as an Instrument of War

The Federal Reserve Bought The Economics Profession

How the Federal Reserve boxed itself in

During the Pujo Money Trust investigation Samuel Untermeyer personally cross examines JP Morgan and other Wall Street investment bankers.

The Pujo Money Trust Committee concluded:

- Panic of 1907 started with the closing of the Knickerbocker Trust when its member clearing bank (National Bank of Commerce of New York) refused to act as its clearing agent anymore.

- that clearing house associations are discriminating via minimum capital requirements as well as predatory membership and discriminatory member policies.

- predatory listing practices were forcing restrictions on both members and non-members of the New York Stock Exchange as well as "unwholesome speculation" and price manipulation by large groups colluding for profit and ultimately running corporations out of business.

- consolidation of banks and interlocking directorates (small groups of the same men serving as directors on several different boards) has led to increased wealth accumulation of 42.9% of banking resources held by the twenty largest banks.

Investigators found that 180 individuals in 341 directorship positions in 112 corporations with $22,245,000,000 in aggregate resources of capitalization.

Pujo Committee Report concluded that a community of influential financial leaders had gained control of major manufacturing, transportation, mining, telecommunications and financial markets of the United States.

At least eighteen different major financial corporations were under the control of a cartel led by JP Morgan, George F. Baker and James Stillman.

These three men, through the resources of seven banks and trust companies (Bankers Trust, Guaranty Trust, Astor Trust, National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmer’s Loan and Trust) controlled an estimated $2.1 billion.

The report reveals that a handful of men hold manipulative control of the New York Stock Exchange.

The Pujo Report singled out individual bankers including Paul Warburg, Jacob Hirsch Schiff, Felix Warburg, Frank Peabody, William Avery Rockefeller and Benjamin Strong.


The Secret of Oz by Bill Still

The Federal Reserve Is Above The Law

Eustace Mullins - Secrets of The Federal Reserve

1912 The Aldrich Bill is presented to Congress for debate and quickly identified as a bill to benefit private central bankers.

"The Aldrich plan is the Wall Street plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the trusts instead." - Charles A. Lindbergh

"Under the Aldrich Plan the bankers are to have local associations and district associations, and when you have a local organization, central control is assured. When you have hooked the banks together, they can have the biggest influence of anything in this country, with the exception of the newspapers." - Leslie Shaw

Republican leadership never brought the Aldrich Bill to a vote as the Republican party had developed a schism.

During the Democratic presidential campaign, Woodrow Wilson and the leadership of the Democratic Party pretended to oppose the Aldrich Bill.

As Republican representative, Louis T. McFadden, explained twenty years later, when he was Chairman of the House Banking and Currency Committee, "The Aldrich Bill was condemned in the platform when Woodrow Wilson was nominated. The men who ruled the Democratic Party promised the people that if they were returned to power there would be no central bank established here while they held the reins of government. Thirteen months later that promise was broken, and the Woodrow Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Edward Mandell House, established here in our free country the worm-eaten monarchical institution of the, 'King's Bank,' to control us from the top downward, and to shackle us from the cradle to the grave."

"We object to the Aldrich Bill on the following points:

Its entire lack of adequate government or public control of the banking mechanism it sets up.

Its tendency to throw voting control into the hands of the large banks of the system.

The extreme danger of inflation of currency inherent in the system.

The insincerity of the bond funding plan provided for by the measure, there being a barefaced pretense that this system was to cost the government nothing.

The dangerous monopolistic aspects of the bill." - Carter Glass

Woodrow Wilson is selected.

robbing you since 1913

Bank Ownership and Efficiency

Federal Reserve Explained In 7 Minutes

The Federal Reserve, Wall Street and the Laundering of Drug Money

Century of Enslavement: The History of The Federal Reserve

1913 John Pierpont Morgan, Paul Warburg, Bernard Mannes Baruch, Edward Mandell House advanced a new plan Paul Warburg calls the Federal Reserve system.

The leadership of the Democratic Party hail this new bill, the "Glass-Owen" bill, as totally different to the Aldrich Bill, when in fact it was virtually identical.

"Paul Warburg is the man who got the Federal Reserve Act together after the Aldrich Plan aroused such nationwide resentment and opposition. The mastermind of both plans was Baron Alfred de Rothschild of London." - Col. Garrison, an agent of Brown Brothers, later Brown Brothers Harriman

"Without Paul Warburg there would have been no Federal Reserve Act. The banking house of Warburg and Warburg in Hamburg has always been strictly a family business. None but a Warburg has been eligible for it, but all have been born into it. In 1895 Paul Warburg married the daughter of the late Solomon Loeb of Kuhn, Loeb & Company. Paul Warburg became a member of Kuhn, Loeb & Company in 1902." - Harold Kelloch

"Brushing aside the external differences affecting the, 'shells,' we find the, 'kernals,' of the two systems very closely resembling and related to one another." - Paul Warburg

Nelson Wilmarth Aldrich, and Frank Vanderlip of National City Bank, publicly state their opposition to the bill in order to make people believe that the bill proposed is radically different from the Aldrich Bill.

Frank Vanderlip stated years later in the Saturday Evening Post, "Although the Aldrich Federal Reserve Plan was defeated when it bore the name Aldrich, nevertheless its essential points were all contained in the plan that finally was adopted."

"Congress should go slow on currency legislation. The recent artificial panic was to scare the country into forcing Congress to act quickly and blindly. They are unwilling to have the peoples government have any say."- Alfred Owen Crozier

With Congress near a vote on the Glass-Owen Alfred Crozier testified:

"The bill should prohibit the granting or calling in of loans for the purpose of influencing quotation prices of securities and the contracting of loans or increasing interest rates in concert by the banks to influence public opinion or the action of any legislative body. The so-called administration currency bill grants just what Wall Street and the big banks for twenty-five years have been striving for, that is, PRIVATE INSTEAD OF PUBLIC CONTROL OF CURRENCY. It does this as completely as the Aldrich Bill. Both measures rob the government and the people of all effective control over the public's money, and vest in the banks exclusively the dangerous power to make money among the people scarce or plenty. The Aldrich Bill puts this power in one central bank. The Administration Bill puts it in twelve regional central bank, all owned exclusively by the identical private interests that would have owned and operated the Aldrich Bank. President Garfield shortly before his assassination declared that whoever controls the supply of currency would control the business and activities of the people." - Alfred Crozier 1913

"Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly." - Point 5 Communist Manifesto, Karl Heinrich Marx

October Congress passes a bill, authored by Nelson Wilmarth Aldrich, legalizing a direct income tax of the people - the 16th amendment.

The income tax law is fundamental to the Federal Reserve as the Federal Reserve system would run up an unlimited US bond debt which needed a source of income to retire.

The only way to guarantee the payment of interest on this debt was to directly tax the people, like the Bank of England.

If the Federal Reserve had to rely on contributions from the States (like the UN), they would be dealing with bigger entities, who could revolt and refuse to pay the interest on their own money (like the US), or at least bring political pressure to bear in order to keep the debt small.

The 16th amendment was never legally ratified according to evidence presented by Bill Benson.

How One Woman Tried - and Failed -
to Stop the Fed From Driving the US Into Recession

How Goldman Controls The New York Fed:
47.5 Hours of Secret Recordings and a Culture Clash

Inside the New York Fed: Secret Recordings and a Culture Clash

December 19 Senate passed a version by a vote of 54-34. Over forty important differences in the House and Senate versions remain to be settled.

"The bill as it stands seems to me to open the way to a vast inflation of currency. I do not like to think that any law can be passed which will make it possible to submerge the gold standard in a flood of irredeemable paper currency." - Henry Cabot Lodge Sr.

Opponents of the bill in both houses of Congress were led to believe that many weeks would elapse before the the Federal Reserve Act conference bill would be ready for consideration and left town for Christmas.

December 22 Federal Reserve Act is passed by the House 282-60 and the Senate 43-23.

December 23, 1913

Woodrow Wilson signs the Federal Reserve Act.

A comparative print of the Federal Reserve Act of 1913 as passed by the House of Representatives and amended by the Senate shows the following change:

The Senate struck out, "To suspend the officials of Federal Reserve banks for cause, stated in writing with opportunity of hearing, require the removal of said official for incompetency, dereliction of duty, fraud or deceit, such removal to be subject to approval by the President of the United States."

Changed by the Senate to read "To suspend or remove any officer or director of any Federal Reserve bank, the cause of such removal to be forthwith communicated in writing by the Federal Reserve Board to the removed officer or director and to said bank."

"In practice, the Federal Reserve Bank of New York became the fountainhead of the system of twelve regional banks, for New York was the money market of the nation. The other eleven banks were so many expensive mausoleums erected to salve the local pride and quell the Jacksonian fears of the hinterland. Benjamin Strong, president of the Bankers Trust was selected as the first Governor of the Federal Reserve Bank of New York. Adept in high finance, Benjamin Strong for many years manipulated the country's monetary system at the discretion of directors representing the leading New York banks. Under Benjamin Strong, the Reserve System was brought into interlocking relations with the Bank of England and the Bank of France. Benjamin Strong held his position as Governor of the Federal Reserve Bank of New York until his sudden death during a Congressional investigation of the secret meetings in 1928 between Reserve Governors and heads of European central banks which brought on the Great Depression of 1929-31." - Ferdinand Lundberg

The signing of the Federal Reserve Act by Woodrow Wilson represents the culmination of years of collusion with his intimate friends, Edward Mandell House, Bernard Mannes Baruch, Paul Warburg, et al.

"This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government of the monetary power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed." - Charles A Lindbergh Sr.

"Since the Federal Reserve Act was passed almost 100 years ago, powerful private interests have slowly consumed our Federal Government. Their monopoly power over our monetary system has allowed them to seize all the other powers of government which they used to impose their will onto every area of our lives, from education, to industry, to healthcare . . . all of it."- Bruce McDonald

"The establishment of the Federal Reserve ensured that the US would become indebted to and owned by international banking interests, and thus, act in their interest. The Fed financed the US role in World War I, provided the credit for speculation, which led to the Great Depression, and massive consolidation for the interests that own the Federal Reserve System. It then financed US entry into World War II." - Andrew Gavin Marshall

December 24 Jacob Hirsch Schiff to Edward Mandell House:

"My dear Colonel House. I want to say a word to you for the silent, but no doubt effective work you have done in the interest of currency legislation and to congratulate you that the measure has finally been enacted into law. I am with good wishes, faithfully yours, Jacob Schiff."

modern banking 101

All Federal Reserve banks are privately owned!

The Federal Open Market Committee creates money out of nothing!

"Bankers are in the debt business, and if governments are allowed to create enough money to keep themselves and their constituents out of debt, lenders will be out of business. The central banks charged with maintaining the banking business therefore insist on a stable currency at all costs, even if it means slashing services, laying off workers, and soaring debt and interest burdens. For the financial business to continue to boom, governments must not be allowed to create money themselves, either by printing it outright or by borrowing it into existence from their own government-owned banks." - Ellen Brown

Most "currency" is now in the form of electronic records, rather than paper records such as banknotes.

Open market operations are conducted simply by electronically increasing or decreasing ('crediting' or 'debiting') the amount of currency that a bank has in its reserve account at the central bank in exchange for a fungible instrument, an entry in an electronic spreadsheet.

Currency is forged when the balance in a reserve account is increased.

The newly forged currency is then used by the central bank to buy in the open market other fungible instruments which may or may not be backed with tangible financial assets, such as US bonds, foreign currency, or gold.

When the central bank sells these fungible instruments in the open market, the amount of currency that the purchasing bank holds decreases, effectively destroying currency.

The US Treasury sells marketable securities - T-Bills, Promissary Notes, Bonds, and Treasury Inflation-Protected Securities (TIPS) to the public through regular public auctions to raise the cash needed to operate the US government and to refund maturing securities.

purchasing power

Marketable securities can be bought, sold or transferred after they are originally issued.

Marketable securities are simply government IOU's.

Marketable securities are purchased in order to get a secure rate of interest.

At the end of the term of the marketable security, the US Treasury repays the principle, plus interest and the marketable security is destroyed - ie. the fungible instrument is deleted from the electronic speadsheet.

For example the Federal Reserve system exchanges a fungible instrument for $1,000,000 of marketable securities with the US Treasury.

When the fractional reserve is 10% - $10,000,000 can then be loaned on a $1,000,000 purchase of marketable securities.

The Federal Reserve, in effect, has forged 10% of this totally new $10,000,000 by 'purchasing' government IOU's with fungible instruments.

The Federal Reserve then issues loans to member banks to create the other 90%.

To reduce the amount of money in circulation this process is simply reversed.

The Federal Reserve sells marketable securities to the public and the money flows out of the local bank.

When the fractional reserve is 10% - loans must be then reduced by ten times the amount of the sale.

Selling the Federal Reserve $1,000,000 in marketable securities results in a $10,000,000 reduction of currency in the local economy when fractional reserve rules are observed.

The Federal Reserve controls the amount of currency in circulation in two ways.

The first way the Federal Reserve controls the amount of currency in circulation is through the purchase and sale of marketable securities.
The second way the Federal Reserve controls the amount of currency in circulation is through the interest rate it charges its member banks to borrow.
But the Federal Reserve also controls the interest rate on the marketable securities through the purchase and sale of marketable securities.
When the US Treasury offers more marketable securities than the rate of demand of those marketable securities then the Federal Reserve can step in and purchase the excess capacity to keep interest rates low or the Federal Reserve can refuse to purchase those marketable securities and the interest rate on those marketable securities will increase to draw in needed capital.

When interest rates go up less currency is loaned out and less currency in the system creates contraction - recession or depression.

"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." - Charles A Lindbergh Sr.

"Half a dozen men at the top of the Big Five Banks could upset the whole fabric of government finance by refraining from renewing Treasury Bills." - London Financial Times 1921

The Federal Reserve has authority over the currency in circulation.

Monetary policy, set by the privately owned and operated Federal Reserve, is highly independent of effective political control.

The Federal Reserve is subservient only to the Bank of International Settlements.

"The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation forged by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially forged." - Eustice Mullins

1914 At the start of World War I the German Rothschilds loaned money to the Germans, the British Rothschilds loaned money to the British, and the French Rothschilds loaned money to the French while the Federal Reserve provided liquidity with cash infusions.

"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate, producing an expansion of credit and a rising stock market, then when business men are adjusted to these conditions, it can check prosperity in mid-career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation, and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strongest, most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage. They also know when to stop panic. Inflation and deflation work equally well for them when they control finance." - Charles A Lindbergh Sr.

Federal Reserve banks began operations on November 16 with total assets listed at $143,000,000 garnered from the sale of shares in the Federal Reserve banks to stockholders of the national banks which subscribe. It seems most likely that from the very outset, the Federal Reserve operations were "paper issued against paper", that fungible bookkeeping entries in a datatbase comprised the only values which actually "changed hands."

The stock in the original twelve regional Federal Reserve banks was purchased by national banks in twelve regions. The Federal Reserve Bank of New York set the interest rates and directed open market operations, thus controlling the daily supply and value of money throughout America.

Each member bank of the Federal Reserve system owns nonnegotiable shares of stock in its regional Federal Reserve Bank. A 6% dividend is paid on the stock to member banks which are all privately owned and operated through joint stock incorporations.

Federal Reserve Board of Governors must approve Federal Regional Bank presidents.

At one point the Board of Governors were:

* Ben Salom Bernanke, Chairman
* Donald Kohn, Vice-Chairman
* Frederic Mishkin
* Kevin Warsh (married to Jane Lauder*)
Randall Kroszner* affiliated with American Enterprise Institute

"The Federal Reserve was forged to promote price stability, prevent financial panics and smooth out the amplitude of the business cycle. Ironically, and unbeknownst to most Americans, Federal Reserve policy is enormously responsible for the boom-and-bust economic metric. Interest rate reductions, money supply manipulation, currency intervention, and interference in the private sector are not the marks of a free-market economy." - Drew Klein 04/08

JP Morgan

1915 John Pierpont Morgan becomes the sales agent for the, War Materials Board, to both the British and the French engaged in World War I.

Woodrow Wilson appointed Bernard Mannes Baruch to head the War Industries Board.

According to historian, James Perloff, Bernard Mannes Baruch profited by approximately 200 million dollars during World War I.

1916 "We have come to be one of the worst ruled, one of the most completely controlled governments in the civilized world - no longer a government of free opinion, no longer a government by a vote of the majority, but a government by the opinion and duress of a small group of dominant men. Some of the biggest men in the US, in the field of commerce and manufacture, are afraid of something. They know there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it."- Woodrow Wilson

1917 Woodrow Wilson calls for war on Germany.

With the entry of the US into the World War I, Julius H. Barnes, a grain salesman, and Prentiss Gray, a lumber shipping clerk, were given important posts in the newly forged US Food Administration under Herbert Hoover's direction.

Julius H. Barnes became President of the Grain Corporation of the US Food Administration and Prentiss Gray was chief of Marine Transportation. G. A. Zabriskie, was named head of the US Sugar Equalization Board.

All three - Julius H. Barnes, G. A. Zabriskie, Prentiss Gray - were agents for J. Henry Schroder Banking Corporation in New York

After the World War I, the partners of J. Henry Schroder owned most of Cuba's sugar industry.

M.E. Rionda was president of Cuba Cane , director of Manati Sugar and American British and Continental Corporation, and other firms.

Baron Bruno von Schroder, senior partner of the firm, was a director of North British and Mercantile Insurance Company.

His father, Baron Rudolph von Schroder of Hamburg, was a director of Sao Paulo Coffee Ltd., one of the largest Brazilian coffee companies, with F.C. Tiarks, also of the Schroder firm.

The Czars of Russia continually opposed a central bank in Russia and supported Abraham Lincoln during the Civil War.

Jacob Hirsch Schiff finances the Bolshevik Revolution through Kuhn & Loeb.

It is commonly believed that communism is the opposite of capitalism, so why would these capitalists support it?

"If one understands that socialism is not a share-the-wealth program, but it is in reality a method to consolidate and control the wealth, then the seeming paradox of super-rich men promoting socialism becomes no paradox at all. Instead it becomes logical, even the perfect tool of power seeking meglomaniacs. Communism, or more accurately socialism, is not a movement of the downtrodden masses, but of the economic elite." - Gary Allen

1919 Paris Peace Conference takes place following the end of World War I.

1921 Warren G. Harding is elected President of the United States, and succeeds Woodrow Wilson. This will be the start of a period which became known as the, "roaring twenties." Despite the fact that World War I had saddled America with a debt that was ten times larger than its Civil War debt, the US economy grew in abundance. Also, gold had poured into America during the war and continued during the 1920's.

Warren G. Harding reduced taxes domestically, and increased tariffs on imports to record levels.

"If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also...It is absurd to say that our country can issue 30 million dollars in bonds and not 30 million dollars in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people." - Thomas Edison, December 6, 1921 New York Times

"The warning of Theodore Roosevelt has much timeliness today, for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state, and nation. It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency forged for the public protection... To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interest and a small group of powerful banking houses generally referred to as international bankers. This little coterie of powerful international bankers virtually run the US Government for their own selfish purposes. They practically control both parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business … these international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and magazines in this country." - John Hylan, Mayor of New York, March 26, 1922 New York Times

"The Jews are responsible for Bolshevism in Russia, and Germany too. I was far too indulgent with them during my reign, and I bitterly regret the favors I showed the prominent Jewish bankers."- German Kaiser Wilhelm II Chicago Tribune July 2, 1922

1923 Warren G. Harding dies on a train under mysterious circumstances. The cause was given as either food poisoning or a stroke although no autopsy was performed. Warren G. Harding is succeeded by his Vice-President Calvin Coolidge. Calvin Coolidge continued Warren G. Harding's tax cutting and tariff raising policies. This policy was so successful that the economy still continued to grow, and the huge Federal debt built up during World War I, under Warren G. Harding Calvin Coolidge reduced by 38% down to 16 billion dollars. Federal Reserve start flooding the country with money, increasing the money supply by 62%.

1924Woodrow Wilson made the following statement in relation to his support for the Federal Reserve, "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world 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 the duress of small groups of dominant men."

1927 Bank of England Governor Montagu Norman, Benjamin Strong of the Federal Reserve Bank of New York, and Hjalmar Schacht of the Reichsbank, meet in conference.

Federal Reserve bails out the Bank of England by increasing the money supply through cheap loans, cheap loans used to purchase stock on margin, which allowed the gold to flow back into the coffers of the Bank of England by reducing the value of the American dollar in relation to the British pound(£).

Louis T. McFadden, Chairman of the House Banking & Currency Committee would comment on this Bank of England plan in the midst of the Great Depression in February 1931 when he stated, "I think it can hardly be disputed that the statesmen and financiers of Europe are ready to take almost any means to reacquire rapidly the gold stock which Europe lost to America as a result of World War I."

"In the 1920s, the US experienced a stock market boom, which was a result of the commercial banks providing funds for the purchase of stock and took the latter as collateral, creating a massive wave of underwriting and purchasing of securities. The stock market speculation that followed was the result of the banks borrowing substantially from the Federal Reserve. The Federal Reserve System financed the great stock market boom." - Andrew Gavin Marshall

1929 Paul Warburg sends out a warning that a collapse and nationwide depression have been planned for later that year.

In August the Federal Reserve begins to tighten the money supply.

On 24th October the big New York bankers call in their 24 hour broker call loans.

"When everything was ready, the New York financiers started calling 24 hour broker call loans. This meant that the stockbrokers and the customers had to dump their stock on the market in order to pay the loans. This naturally collapsed the stock market and brought a banking collapse all over the country because the banks not owned by the oligarchy were heavily involved in broker call claims at this time, and bank runs soon exhausted their coin and currency and they had to close. The Federal Reserve system would not come to their aid, although they were instructed under the law to maintain an elastic currency." - William Jennings Bryan

"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it." - Ben Shalom Bernanke, 2002 birthday tribute to Milton Friedman

"At the height of the selling frenzy Bernard Baruch brought Winston Churchill into the visitors gallery of the New York Stock Exchange to witness the panic and impress him with his power over the wild events on the floor." - John Kenneth Galbraith, The Great Crash 1929

"It was not accidental. It was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all." - Louis T. McFadden

Curtis B. Dall, the son-in-law of Franklin Delano Roosevelt, who was working for Lehman Brothers as a broker, on the floor of the New York Stock Exchange, on the day of the crash, stated in his 1967 book, F. D. R. My Exploited Father-In-Law, "Actually, it was the calculated 'shearing' of the public by the World-Money powers triggered by the planned sudden shortage of call money in the New York Money Market."

1931 Brown Brothers merged with two other business entities, Harriman Brothers and W. A. Harriman.

1929 to 1933 Despite claims of the Federal Reserve protecting the country against depressions and inflation, the money supply is reduced by an additional 33%.

"The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933." - Milton Friedman, radio interview January 1996

In only a few weeks from the day of the crash, 3 billion dollars of wealth vanished. Within a year, 40 billion dollars of wealth vanished. It did not simply disappear, it just ended up consolidated in fewer and fewer hands, as was planned.

Joseph P. Kennedy, John F. Kennedy's father, was worth 4 million dollars, by 1935 that had increased to over 100 million dollars. Joseph P. Kennedy smuggled scotch whiskey during prohibition.

Andrew William Mellon, Herbert Hoover's Secretary of the Treasury, spent much of the time overseas between 1929-31 purportedly negotiating for repayment of European war debts from World War I. Andrew William Mellon served as a director of the Pittsburgh National Bank of Commerce.

Andrew William Mellon advised Herbert Hoover to "liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate, it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."

Andrew William Mellon was thought to be the third wealthiest man in America after John D. Rockefeller and Henry Ford.

This is how depressions are engineered.

"After World War I, Germany fell into the hands of the German International Bankers. Those bankers bought her and now they own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities. The international German bankers have subsidized the present government of Germany and they have also supplied every dollar of the money Adolf Hitler has used in his lavish campaign to build up a threat to the government of Bruening. The Federal Reserve Board has pumped so many billions of dollars into Germany that they dare not name the total." - Louis T. McFadden, Chairman of the House Banking & Currency Committee

"Those who controlled private capital largely walked away from the US economy for the entire 1930s, refusing to pump in enough new investment even to replace the machinery and goods-in-process that were consumed during the decade." - Robert P. Murphy

General Motors, General Electric, DuPont - controlled by the international bankers John Pierpont Morgan, Rockefeller, Chase, and Warburg - were intimately related to the growth of the Nazi war armaments industry.

The money pumped into Germany to build her up in preparation for World War II, was pumped into German banks affiliated with the Harriman interest in New York.

That money was supplied by the the international bankers John Pierpont Morgan, Rockefeller, Chase, and Warburg.

Much of the money printed through loans by the Federal Reserve went to rebuild Germany and the Nazi war armaments industry.

monopoly money

1989 Representative Henry Gonzalez, of Texas, introduces House Resolution 1469, calling for the abolition of the Open Market Committee of the Federal Reserve system. He also introduced House Resolution 1470, calling for the repeal of the Federal Reserve Act of 1913. During the same session, Representative Phil Crane of Illinois, introduced H.R. 70, calling for an annual audit of the Federal Reserve. These efforts fail.

Americans are told to believe that the deaths of Senator John Heinz (outspoken Vietnam War critic), Senator John Tower (investigated the Reagan/Bush era Iran-Contra scandal), and Senator Paul Wellstone (against repeal of Glass-Steagall) in separate airplane crashes were "pure" coincidence.

1991 "Senator John Tower had been an outspoken critic of the Eastern Establishment. John Tower had a very strong sense of right and wrong, particularly on matters concerning national security. He was well known for "bucking" the tide. This backfired on him with deadly results when certain members of Congress, loyal to the Reagan and Bush faction of the Intelligence Community, banded together against him in a smear campaign which resulted in the denial of Tower's confirmation as US Secretary of Defense. Outraged over the undocumented allegation made to slander his name, Tower began the book writing process so feared in Washington circles. His controversial book heavily criticizes his old crony pals in Congress. His death in a plane crash on April 5, 1991 came very shortly after the book was released. One day earlier on April 4, 1991, Senator John Heinz died in a blazing plane crash near Philadelphia. The official reports state that the plane's landing gear had suddenly malfunctioned. A helicopter was sent up to check out the gear, only to end up (allegedly) crashing into the plane itself." - Alexander James

"Scores of banks failed in the Great Depression as a result of unsound banking practices, and their failure only deepened the crisis. Glass-Steagall was intended to protect our financial system by insulating commercial banking from other forms of risk. It was one of several stabilizers designed to keep a similar tragedy from recurring. Now Congress is about to repeal that economic stabilizer without putting any comparable safeguard in its place." - Senator Paul Wellstone

2002 "Since the beginning of the last decade, required reserve balances have fallen dramatically. The decline stems in part from regulatory action: the Federal Reserve eliminated reserve requirements on large time deposits in 1990 and lowered the requirements on transaction accounts in 1992. But a far more important source of the decline in required reserves has been the growth of sweep accounts. In the most common form of sweeping, funds in bank customers' retail checking accounts are shifted overnight into savings accounts exempt from reserve requirements and then returned to customers' checking accounts the next business day. Largely as a result of this practice, today only 30% of banks are bound by a reserve balance requirement." - Federal Reserve Bank of New York, 2002

Senator Paul Wellstone dies a plane crash on 25 October 2002, 11 days before he was to stand in the midterm US senate election.

Wellstone's upset victory in 1990 and subsequent re-election in 1996 was credited to a massive grassroots campaign, which inspired college students, poor people and minorities to get involved in politics for the very first time.

Paul David Wellstone was accussed of being apostate for marrying a Gentile and not raising his children in the Jewish faith.

His death came just 11 days before his potential re-election in a crucial race to maintain Democratic control of the Senate.

Senator John Heinz and Senator John Tower had both been members of the Council on Foreign Relations and realized its manipulation in plans for world tyranny. Both had served on powerful Senate banking and finance committees. Both were very astute when it came to matters of monetary policy and the implementation of foreign policy.

2005 Treasury Department figures show that from 1776 - 2000, all the previous American Presidents borrowed a total of $1.01 trillion dollars.

Between 2001 and 2005 the Bush administration borrowed $1.05 trillion.

2008 Chairman of the Federal Reserve Board, Ben Salom Bernanke, testified: "A recession is probably not on the horizon, but quick passage of an economic-stimulus package plus aggressive action by the Federal Reserve are the appropriate prescription for the ailing economy."

By March 2008, all of the major US investment banks had either merged with commercial banks, failed, or voluntarily placed themselves under Federal Reserve control.

"It could be argued that the Fed appears to be rescuing those who caused the problem at the expense of others who had nothing to do with it. Opposition to forms and degrees of regulation that would have seemed excessive before the crisis may be muted because the government has already established a major ownership position in the financial services industry." - Mark Jickling, November 24, 2008

"Even though the Federal Reserve is now the biggest single participant in the financial system, the myth of a "free market" still lingers on. It's mind boggling. The Fed has expanded its balance sheet by $2 trillion, guaranteed $8.3 trillion of dodgy mortgage backed paper, provided a backstop for bank deposits, money markets, commercial paper, and forged 8 separate lending facilities to ensure that underwater financial institutions can still appear to be solvent. The whole system is a state subsidized operation buoyed on a taxpayer-provided flotation device which bears no resemblance to an invisible hand. It's flagrant blackmail and everyone knows it.

This is why Bernanke has launched his radical intervention, buying bonds, stocks and anything else that will keep asset-prices from crashing. It's an attempt to reignite spending by goosing the market. When businesses and consumers can't sustain demand, the government has to step in and take their place. The real worry is that Bernanke's pet theory is merely an academic pipe-dream which is doing more harm than good. After all, his strategy is based on a controversial reading of history that is only accepted by disciples of Milton Friedman." - Mike Whitney December 9, 2008

2009 Bank of England gives itself 75 billion pounds, with a fungible entry and a click of the mouse, to purchase its own outstanding bonds.

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This website defines a new perspective with which to engage reality to which its author adheres. The author feels that the falsification of reality outside personal experience has forged a populace unable to discern propaganda from reality and that this has been done purposefully by an international corporate cartel through their agents who wish to foist a corrupt version of reality on the human race. Religious intolerance occurs when any group refuses to tolerate religious practices, religious beliefs or persons due to their philosophical ideology. This web site marks the founding of a system of philosophy named The Truth of the Way of Life - a rational gnostic mystery religion based on reason which requires no leap of faith, accepts no tithes, has no supreme leader, no church buildings and in which each and every individual is encouraged to develop a personal relation with the Creator and Sustainer through the pursuit of the knowledge of reality in the hope of curing the spiritual corruption that has enveloped the human spirit. The tenets of The Truth of the Way of Life are spelled out in detail on this web site by the author. Violent acts against individuals due to their religious beliefs in America is considered a "hate crime."

This web site in no way condones violence. To the contrary the intent here is to reduce the violence that is already occurring due to the international corporate cartels desire to control the human race. The international corporate cartel already controls the world central banking system, corporate media worldwide, the global industrial military entertainment complex and is responsible for the collapse of morals, the elevation of self-centered behavior and the destruction of global ecosystems. Civilization is based on cooperation. Cooperation does not occur at the point of a gun.

American social mores and values have declined precipitously over the last century as the corrupt international cartel has garnered more and more power. This power rests in the ability to deceive the populace in general through corporate media by pressing emotional buttons which have been preprogrammed into the population through prior corporate media psychological operations. The results have been the destruction of the family and the destruction of social structures that do not adhere to the corrupt international elites vision of a perfect world. Through distraction and coercion the direction of thought of the bulk of the population has been directed toward solutions proposed by the corrupt international elite that further consolidates their power and which further their purposes.

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