"The greatest advances of
whether in architecture or painting,
literature, industry or agriculture,
have never come from centralized
1800 Rothschilds hire
general Napoleon Bonaparte
of the French Revolutionary Army to restore order.
The privately owned
central bank of France, is founded.
owned its shares, and even Napoleon himself bought shares in the bank." -
Andrew Gavin Marshall
Eventually Napoleon Bonaparte decides France has
to break free of debt.
Napoleon Bonaparte declares that
when a government is dependent on bankers for money, it is bankers - not
government leaders - in control.
"The hand that gives is among the hand
Money has no motherland, financiers are without
patriotism and without
decency, their sole object is gain." - Napoleon Bonaparte
central bank is granted
a charter over the production and distribution of governement a financial
institution given privileged control of money and credit for a nation or a
group of nations.
bank formulates monetary policy and regulates member banks.
Central banks are referred to as
"lenders of last resort."
Central banks provide
liquidity to critical nodes -
choke points - in monetary supply
chains allowing "smooth circulation" of
banks are joint stock incorporations.
Napoleon Bonaparte strikes a deal with
the Louisiana purchase,
exchanging the Mississippi basin for $3,000,000 in gold which
Napoleon Bonaparte uses to hire
an army for the Napoleonic Wars:
the War of the Third Coalition (1805),
the War of the Fourth Coalition (1806-7),
the War of the Fifth
the War of the Sixth Coalition (1813),
the War of the Seventh Coalition (1815).
military forces are organized around "foraging" principles.
extensively interact with locals to acquire supplies in the conflict zone.
As they move forward they strip the land to continue the forward march.
This is how the Russian scorched earth policy worked to defeat
The Napoleonic Wars have profound consequences for global and
They lead to:
the spread of nationalism and
the rise of the British Empire as the premier world power;
the independence movements in Latin America;
the collapse of
the Spanish Empire;
the fundamental reorganization of German and
Italian territories into larger states;
and the establishment of
radically new methods in warfare.
Land warfare becomes
dependent on mechanized travel.
1806 Landgrave of
Hesse-Cassell, William IX flees to Denmark, leaving 600,000 lb (about
$3,000,000) with Mayer Amschel Bauer for safekeeping when Hesse-Kassel is
annexed by the Kingdom of Westphalia, ruled by Jérôme Bonaparte,
These funds were desginated to go to the
mercenaries or their dependants and not to the Landgrave as the
agreement-for-hire did not expire when peace was declared, but only one full
year after the peace was declared and only when the mercenaries have returned
Instead of the principal being sent to Cassel, the home of the
Landgrave, the money is retained in England where it is
Interest is paid to the Landgrave in drafts.
actually transferred to Cassel is used to provide high interest loans.
This results in a massive movement of funds in and out of Cassel with
substantial income for the Landgrave, who had taken up with the Thurn und Taxis
family (Grafschaft Thurn und Taxis, State of the
Holy Roman Empire) who hold the
postal monopoly for all of
The mercenaries, who had done
the most to earn the money, got nothing, but the bare promised amounts, as
they were not privy to the
"private" interest bearing side-agreements done behind their
Bank of England quickly rises to oppose Napoleon
Bonaparte and finances every nation in his path
profiteering off war.
and then finally Russia all go heavily into debt to
City of London Money
When Napoleon falls, there
remained but one grand imperialism in the world - the imperialism of massive
capital - Money Power in the City of London.
1810 William Brown establishes
William Brown & Co. in England.
1811 A bill
is put before Congress to renew the charter of the First Bank of the US.
The legislatures of both Pennsylvania and Virginia pass resolutions
asking Congress to kill the bank.
The national press openly attacks the
bank: a great swindle; a vulture; a viper; and a coiled cobra.
the application for renewal of the charter is granted, or the US will find
itself involved in a most disastrous war." -
The renewal bill clears the House of Represenatives by a
single vote and becomes deadlocked in the Senate.
James Madison, a staunch opponent of
the central bank, sends his Vice-President, George Clinton, to break the tie in
the Senate which kills the central bank.
The charter for the First Bank of the US is not renewed and
the British attack America.
As the British are still busy fighting
Napoleon Bonaparte they are unable to mount much of an assault and the war ends
with America undefeated.
1815 British Treasury owes a debt
of £ 885,000,000 due to the compounding of interest to the Bank of
1818 John Alexander Brown establishes
John A. Brown and Co. in Philadelphia.
James Brown establishes Brown
Brothers & Co. on Pine Street in New York.
Brothers & Co. relocates to
1837 Brown Brothers withdraws from the lending business to focus on
currency exchange and international trade.
Civil War Brown Brothers ships
carry 75% of the slave cotton from the
American South to British mill owners.
Moses Taylor, Chairman of the
Loan Committee to finance the Union in the Civil War, offers the government
another $5,000,000 at 12% to continue financing the war by shaving 33% off
Colonel Dick Taylor of Chicago suggests Abraham Lincoln have
Congress pass a bill authorizing the
printing of full legal tender treasury notes.
1862 Legal Tender Act of 1862, allows
the printing of $150 million Greenback with the US
Treasury acting as the Bank.
"The government should create, issue and
circulate all the currency and credit needed to satisfy the spending power of
the Government and the buying power of the people.
The privilege of
creating and issuing money is not only the supreme prerogative of government,
but it is in the government's greatest
By the adoption of these principles the taxpayers will
be saved immense sums of interest.
Money will cease to be master and
become the servant." - Abraham
July 11, 1862 Second Legal Tender
Act enacted allows another $150 million Greenback
to be printed.
"If that mischievous financial policy, which had its
origin in the North American Republic, should become indurated down to a
fixture, then that government will furnish its own money without cost.
It will pay off debts and be without a debt.
It will have all
the money necessary to carry on its commerce.
It will become prosperous
beyond precedent in the history of civilized governments of the world.
The brains and the wealth of all countries will go to North America.
That government must be destroyed or it will destroy every monarchy on
the globe." - The Times of London
1862 A letter from Napoleon III is published proposing that France,
Britain, and Russia acted as joint mediators in the American conflict.
Emperor cites three reasons for such an action the suffering of the
American people, the harmful economic impact of the war on Europe (notably the
cotton crisis), and the seeming impossibility of the two sides reaching a
resolution quickly and independently.
1862 General Order No. 11 decreed:
1. The Jews, as
a class violating every regulation
of trade established by the Treasury Department and also department orders,
are hereby expelled within twenty-four hours from the receipt of this order.
2. Post commanders will see to it that all of this class of people be
furnished passes and required to leave, and any one returning after such
notification will be arrested and held in confinement until an opportunity
occurs of sending them out as prisoners, unless furnished with permit from
3. No passes will be given these people to visit
headquarters for the purpose of making personal application of trade
they come in with their Carpet sacks in
spite of all that can be done.
The Jews seem to be a privileged class
that can travel any where.
They will land at any wood yard and make
their way through the country.
If not permitted to buy Cotton
themselves they will act as agents for someone else who will be at a Military
post, with a Treasury permit to receive Cotton and pay for it in Treasury notes
which the Jew will buy up at an agreed rate, paying gold
a curse to the Army
expelled." - Ulysses S. Grant to Christopher
Wolcott, the United States Assistant Secretary of War
1863 Third Legal Tender Act allows another $150 million
Greenback to be printed.
1864 Abraham Lincoln,
failing to garner congressional authority to print more Greenback signs the National Banking Act into law.
The North is being financed by the Rothschilds through their American
agent, August Belmont, while the South is being financed through the Erlangers,
"The agents of the banks fell upon the bill in
haste and disfigured it." - Thaddeus Stevens
Tsar Alexander II states
Russia would consider active British or French military action a declaration of
war and sends part of his Pacific Fleet to San Francisco.
II, like Otto Von
Bismarck in Germany, could clearly see what the soulless central bankers
were up to, indeed he had already refused to let them set up a central bank in
Abraham Lincoln is re-elected.
"The money power preys
upon the nations in times of peace and conspires against it in times of
It is more
despotic than monarchy,
more insolent than
autocracy, more selfish than
Abraham Lincoln, November 21
"My agency in promoting the passage of the
National Banking Act was the greatest financial mistake in my life. It
has built up a monopoly which affects
every interest in the country." -
"While boasting of our
noble deeds we're careful to conceal the ugly fact that by an iniquitous
money system we have nationalized a system of
oppression which, though more refined, is not less cruel than
the old system of chattel slavery." -
"Importers were obliged to go to Wall Street bankers to buy
gold to pay duties on their goods, and the Wall Street gamblers held the power to fix
Gold went to a premium.
Had the greenbacks been
permitted to retain their full legal tender quality, there would have been no
need for gold to pay import duties.
The price of gold rapidly rose and
before the war closed had reached the price of $2.85, measured in greenbacks.
Thus during the entire war these
speculated in gold, making fortunes from
the blood and tears of the
This 'sacred war debt' was only a gigantic of
fraud, concocted by European capitalists and enacted into American law with the
aid of congressmen, who were their paid hirelings or their ignorant dupes." -
Mrs M. E. Hobart
Lincoln is assassinated by John Wilkes Booth, at Ford's Theater.
Allegations that international bankers
were responsible for Lincoln's assassination surfaced in the Canadian House of
Commons in 1934.
Gerald G. McGeer obtained evidence deleted from the
public record provided by Secret Service agents
that stated John Wilkes Booth was a mercenary working for Rothschild.
"They were the men opposed to his national currency program and who had
fought him throughout the whole Civil War on his policy of the
They were the men interested in
the establishment of the Gold Standard and the right of the bankers to manage
the currency and credit of every nation.
With Abraham Lincoln out of
the way they were able to proceed with that plan and did proceed with it in the
8 years after Lincoln's assassination,
silver was demonetized and the
Gold Standard set up in the US." - Gerald G.
McGee, Vancouver Sun, May 2, 1934
"It was during the Civil
War that the conspirators launched their first concrete efforts.
know that Judah Benjamin, chief advisor of Jefferson Davis, was a Rothschild
We also know that there were Rothschild agents planted in
Abraham Lincoln's cabinet who tried to sell him into a financial dealing with
the House of Rothschild.
Old Abe saw through the scheme and bluntly rejected it thereby
incurring the undying enmity of the Rothschilds; exactly as the
Russian Tsar did when he torpedoed their
first League of Nations at the Congress in Vienna.
the assassination of Lincoln revealed that the assassin
Booth was a member of a
secret conspiratorial group. " -
soulless central bankers wanted the reinstitution of a central bank under their
control and an American currency backed by gold.
Gold was chosen as
gold had always been relatively scarce, was a lot easier to monopolize , than
silver - now plentifully found in huge quantities in Aspen, Caribou, Telluride
and Leadville Colorado, Virginia City Nevada and the Calico Mountains of
Congress passes the, "Contraction Act," which authorizes the Secretary
of the Treasury to contract the money supply by retiring some of the
Greenback in circulation.
hard times which occurred
after the Civil War could have been avoided if the Greenback legislation had continued as
Abraham Lincoln had intended.
Instead there were a series of
money panics, what we
call recessions, which put pressure on Congress to enact legislation to place
the banking system under centralized control. " - Theodore R. Thoren and
Richard F. Walker
Congress passes the "Contraction
Act"The money supply falls as currency is withdrawn
1866 - $1,800,000,000 in
circulation - approximately $50.46 per capita
1867 - $1,300,000,000 in circulation - approximately $44.00
1876 - $600,000,000 in circulation -
approximately $14.60 per capita
1886 - $400,000,000 in circulation -
approximately $6.67 per capita
1872 Ernest Seyd appears in America with
$100,000 to bribe as many
Congressmen as necessary for the purposes of getting silver
Grant signs the Coinage Act (H. R. 2934 written in 67 sections
filling 35 pages of the House Journal on May 27, 1872) which results in the
minting of silver dollars being abruptly stopped.
Hooper, who introduced the bill in the house, admits Ernest Seyd drafted the
Western mining interests and others who want silver in
circulation labeled this measure the "Crime of '73."
1873 "I went to America in the winter of
1872 - 1873, authorized to secure, if I could, the passage of a bill
It was in the interests of those I
represented, the governors of the
Bank of England, to have it
By 1873, gold coins
were the only form of coin money." - Ernest Seyd
1⁄3 of the workforce is unemployed and
unrest is growing.
There are even calls for a return to Greenback or silver.
Congress creates the US
Silver Commission to investigate the problem.
This commission states
that the deliberate contraction of
the money supply created the current "monetary crisis."
disaster of the Dark Ages was
caused by decreasing money and falling prices. Without money, civilization
could not have had a beginning, and with a diminishing supply, it must
languish, and unless relieved, finally perish. History records no other such
disastrous transition as that from the
Roman Empire to the Dark Ages."
- US Silver Commission
Despite this report no action is
1877 Rioting breaks out
from Pittsburgh to Chicago.
American Bankers Association urges
membership to do everything in their power to put down any notion of a return
The American Bankers
Association secretary, James Buel, writes a letter to the
"It is advisable to do all in your power to sustain such
prominent daily and weekly newspapers, especially the
Agricultural and Religious Press, as well as 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 issue of money will be to provide the people with money
and will therefore seriously affect our individual profits as bankers and
See your Congressman at once and engage him to support our
interests that we may control legislation." - Secretary James Buel of the
Associated Bankers of New York, Philadelphia, and Boston
1878 Congress passes the Sherman Law.
allows the minting of a limited number of silver dollars, ending the 5 year
However this did not mean that anyone who brought silver to the
US Mint could have it struck into silver dollars, free of charge, as in the
period prior to Ernest Seyd's Coinage Act in 1873.
Gold backing of the American
currency also remains.
The Sherman Law ensures that some money begans
to flow into the economy again.
James Abram Garfield, Chairman of the Appropriations Committee and a member of
Banking and Currency, is elected President.
"Whosoever controls the
volume of money in any 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." - James Abram
July 2, 1881 James Abram Garfield is
shot by the assassin Charles J. Guiteau.
1892 "Let us make use of the courts.
Let us go forward as fast as possible at foreclosing on debentures and
the intervention of law, the common people shall have lost their homes,
they will be more easy to control and
more easy to govern.
not be able to resist the strong hand of the government acting in accordance
with the orders of the central power of imperial wealth, under the control of
the leaders of finance.
Our top leaders are presently working at
establishing an imperialism of capital to rule the world.
are implementing this plan, they must keep the people busy with political
antagonisms." - United States Bankers' Magazine 1892
1893 "The year 1893 saw the biggest economic crisis in the
country's history. After several decades of wild industrial growth, financial
speculation and profiteering, it all collapsed: 642 banks failed and 16,000
businesses closed down. Out of the labor force of 15 million, 3 million were
unemployed." - Howard Zinn
"Were the Government to establish banks as depositories for all the money in
the country it is safe to presume that nearly all the money in the country
would come into these banks.
We cannot enumerate in an hour all the
benefits of government ownership of the banking system but you will recognize
I. Absolute safety of the bank as a place for depositing
from anxiety to all persons who deposit money in the banks.
inducement for the common people to acquire and save money that they may place
it in the bank and get 3 per cent interest on their deposits.
constant abundance of money in the bank by which any person can always borrow
who has security.
V. The absolute impartiality by which the poor can
borrow as cheaply as the rich, the man in Idaho borrow as cheaply as the man in
VI. Freedom from broken banks, which precipitate the
financial panic, which shut down business, which starves out the laboring man,
which compels the poor to sell for what they can get in order to have something
VII. Freedom from the hard times, resulting from bank failures,
in which period the rich take advantage of the poor, who are out of work, to
buy that which they are compelled to sell at a quarter of the value.
VIII. Freedom from the distressed conditions
from time to time in which the
millionaire so rapidly
doubles and trebles his fortune.
IX. The abolition of the chattel
mortgage shark that gets his 5 per cent a month when banks are failing and
money is hidden.
X. The abolition of the money broker who gets his
living through the simple finding of places where money can be borrowed during
the continual period of hard times.
XI. The settled financial
conditions by which people can know what to depend upon when they engage in
XII. The immense revenue to the Government - a clear profit
over and above all present means of revenue.
XIII. Freedom from the
expense borne by people who pay annually hundreds of thousands of dollars to
save manufacturers and the proprietors of depositories for the custody of money
in these hiding places.
XIV. The convenience and safety from
robbery of doing business with
checks instead of being compelled to carry and use money in all business,
XV. The low rate of interest to borrowers by which the
money expended in interest can be saved and put into general circulation
instead of going into rich money loaner's hands at the great financial
centers." - Thomas E. Hill
1895 Supreme Court
finds an income tax law similar to the 16th amendment
1896 The central issue in the Presidential campaign is the
issue of more silver money.
Senator William Jennings Bryan from
Nebraska makes an emotional speech at the Democratic National Convention in
Chicago, labeled, "Crown Of Thorns And Cross Of Gold."
"We will answer
their demand for a Gold Standard by saying to
them, you shall not press down upon the brow of labor this crown of thorns,
you shall not crucify
mankind upon a cross of gold." - Senator Jennings Bryan
McKinley favors the Gold Standard.
Manufacturers and industrialists
inform their employees that if William Jennings Bryan is elected all factories
and plants would close.
William McKinley beats William Jennings
Bryan by a small margin.
one hand there is
the party which holds the power because it holds the wealth, which has in its
grasp all labor and all trade, which manipulates for its own benefit and its
own purposes all the sources of supply, and which is powerfully represented in
the councils of State itself.
On the other side there is the needy and
powerless multitude, sore
usury, which, although more than once condemned by the Church, is
nevertheless under a different form but with the same guilt, still practiced by
avaricious and grasping men so that
a small number of very rich
men have been able to lay upon the masses of the poor a yoke little better than
slavery itself." - Pope Leo XIII
The US annexes Guam,
the Philippine Islands, Puerto Rico
and gains temporary control over Cuba.
Anti-Imperialist League opposed annexation on economic, legal, and
William McKinley as an imperialist.
William McKinley is re-elected with imperialist
foreign policy paramount.
William Jennings Bryan did not want war with Spain, opposed the
annexation of the Philippines and
campaigned for silver money.
William McKinley claimed to want American
producers supreme in global
markets and after the passage of the Gold
Standard Act of 1900 William McKinley easily won re-election.
1901 Leon Frank Czolgosz
assassinates William McKinley.
Leon Frank Czolgosz is heavy influenced
by the anarchists Emma
Goldman and Ovsei Osipovich Berkman who are deported under the Anarchist
Exclusion Act of 1903.
1907 Two stock market
In March 1907 and then again in October 1907 with the
stock market falling nearly 50% from its peak in 1906.
numerous runs on banks and trust companies leading to the closings of many
banks and businesses.
Shortly before the
Panic of 1907
Jacob Hirsch Schiff, the head of
Kuhn & Loeb, speaking to the New York Chamber of Commerce:
"Unless we have a central bank with adequate control of credit
resources, this country is going to undergo the most severe and far reaching
money panic in its history."
"If the Tsar will not accord our people
desired liberties, then a revolution will bring about a republic which will
assure us our rights." - Jacob Schiff
John Pierpont Morgan, threatened
by the developing trusts, refuses to help Knickerbocker Trust which is
experiencing a run on deposits.
Charles T. Barney, the president of
Knickerbocker Trust, Charles Morse and his partners Otto and Augustus
Heinze, have failed in a hostile
takeover attempt of United Copper .
21 National Bank of
Commerce announces it will stop accepting cheques from Knickerbocker
Trust and Knickerbocker Trust collapses.
October 23 New York
Times runs front-page article describing the run on the Knickerbocker
Trust with a companion article describing the Trust Company of
America, the second largest trust in New York City, as the current "sore
point" in the panic according to George W. Perkins, a senior Morgan
"Oakleigh Thorne testified before a congressional committee
that his bank had been subjected to only moderate withdrawals
had not applied for help, and that it was the [Morgan's] 'sore point' statement
alone that had caused the run on his bank.
Morgan interests took
advantage of the unsettled conditions during the autumn of 1907 to precipitate
the panic, guiding it shrewdly as it progressed so that it would kill off rival
banks and consolidate the preeminence of the banks within the Morgan orbit." -
Frederick Lewis Allen, Life Magazine April 25, 1949
John Pierpont Morgan publicly announces
he will provide liquidity
to the Trust Company of America to stave off collapse.
Morgan takes control of many smaller New York banks by manufacturing over
$40,000,000 completely reserveless private money (fungible instruments),
purchasing goods and services with it while sending some of it to his branch
banks to be lent out at interest.
"A study of the panics of
1907 indicates that these
panics were the result of the
operations in London." - Eustace Mullins
signs into law a bill creating the, National Monetary Commission.
This commission is packed with friends and cronies of John Pierpont
Morgan including chairman Senator Nelson Wilmarth Aldrich representing
America's richest banking families from Newport Rhode Island.
Wilmarth Aldrich's daughter Abby marries
John D. Rockefeller Jr., and
together they have five sons including Nelson who would become Vice
President in 1974 and David who would become Head of the
Council on Foreign Relations.
Nelson Wilmarth Aldrich's son Winthrop Aldrich became chairman of the
Chase National Bank.
Following the setting up of this National Monetary Commission,
Nelson Wilmarth Aldrich immediately embarks on a 2 year 'fact finding' tour of
Europe, where he consulted at length with the central bankers in England,
France, and Germany, or rather Rothschild, Rothschild, and
"Finance and the tariff are reserved by Nelson Aldrich as
falling within his sole purview and jurisdiction.
Mr. Aldrich is
endeavoring to devise, through the National Monetary Commission, a
banking and currency law.
A great many are firmly of the opinion that
Mr. Aldrich sums up in his personality the greatest and most sinister menace to
the popular welfare of the US." - Harper's Weekly, May 7,
Shortly after Nelson Wilmarth Aldrich return the most wealthy and
powerful men in America board his private railcar in the strictest secrecy and
journey to Jekyll Island off the coast of Georgia.
In this group is Paul
Warburg who has been lobbying for over five years for a privately owned central
bank in America and Jacob Hirsch
Schiff who has recently purchased control of
Kuhn & Loeb shortly after he
arrives in America from England.
Rothschilds, Warburgs and
Paul Warburg married
Nina Loeb, daughter of Solomon
Loeb of Kuhn & Loeb.
Felix Warburg married
Frieda Schiff, daughter of
Max and Paul are sons of
Charlotte Esther (Oppenheimer) Warburg and Moritz Moses Warburg.
Kuhn is a Germanized version of
"I was as secretive indeed,
as furtive as any
Discovery we knew, simply must not happen, or else all
our time and effort would be wasted.
If it were to be exposed that our
particular group had got together and written a banking bill, that bill would
have no chance whatever of passage by Congress." -
Frank Vanderlip, Saturday Evening
Post, February 9, 1935
"In the US today we have in effect two
We have the duly constituted Government.
have an independent, uncontrolled and uncoordinated government in the
Federal Reserve system, operating the
money powers which are reserved to
Congress by the Constitution." - Represenative Wright Patman, Chairman
of the House Banking Committee
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