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Resource Confiscation: Countries invaded by the
British Empire
1810 Supreme Court rules
in Fletcher v. Peck, the first ruling to
overturn
state law, that
the Contract Clause of the
Constitution could not be invalidated, even if the contract was illegally
secured.
1837 During
the Panic of 1837 Moses Taylor* doubles his
fortune when many Americans go bankrupt during an abrupt
contraction of credit - more than half the
business' in New York fail.
1844 Peel Banking Act
recognizes the Bank of England as the central note-issuing authority, and as
the lender of last resort.
"I have shown that our system is that of a
single bank keeping the whole reserve under no effectual penalty of failure." -
Walter Bagehot, Lombard Street: A Description of the Money Market,
1873
1846 In every country of the Temperate zone,
the demand for British manufactured goods is much greater than could be paid
for by exports.
The difference in the balance of trade is always
systematically arranged by lending money on mortgage for that amount, or
by spending the amount of the
deficit in starting some business enterprise in that country.
In
this way, the adverse balance of trade is not
felt by the country falling behind.
It purchases all it wants, and the
adverse balance of trade actually makes times better; for it causes the profits
of the Money Power to be invested in the country, stimulating business into
activity.
The only disadvantage was that the business investment does
not belong to the nation but to the Money Power.
The
prosperity created
is not national prosperity but the
bloated gains of the Money Power.
With profits
growing faster than needs for use surplus profit is 'invested' all over the
world, in lands, in city houses, in building new railroads; and in buying vast
bodies of lands in the Tropics to create immense plantations for the growth of
coffee,
tea, indigo,
rice,
opium,
spices, and all tropical productions; tea
plantations in China; coffee plantations in
Java and Ceylon; sheep ranches in Australia,
South Africa and South
America; sugar plantations in the West Indies and the Sandwich Islands;
gold and silver mines in California, the
Rocky Mountains, Australia,
Mexico, and South America; diamond mines
in India, and
South Africa and
Brazil;
ruby mines in
Burma ;
lumber mills in
Canada, the US, Norway, Sweden
and Poland; city building and
city buildings in all countries; railroads all over the world.
Founding new manufacturing corporations, new
shipping corporations, new trading corporations:
getting in all the
outside capital possible and then freezing out minority
stockholders and
throttling competitors;
getting peoples and countries all over the
world in debt and making parasite investments to the amount of the deficit of
the balance of
trade.
1848
AT Stewart "Marble Palace" at 280
Broadway opens with a thousand clerks behind the counters, and twenty million
dollars worth of goods upon the shelves.
1850 Construction on the Panama Railroad begins.
1853
Kansas
City is planted as the outpost of Chicago, to take away the American trade
of the Southwest from St. Louis and carry it to Chicago.
"If anyone
wishes to see how these grand capitalists build up cities by the might of
capital, such curiosity will be gratified by
observations in Chicago and
Kansas City. Every
suburb is planted, not by pioneers, as in other new towns, but by capitalists,
who spend millions before they invite a settler. A railroad is first built to
the prospective town, the streets are graded, gas and water pipes installed,
the sidewalks laid and then settlers are invited to make their homes in the new
suburb." - L.B. Woolfolk
1855 Moses Taylor becomes
president of National City
Bank.
Panama Railroad, inter-oceanic railroad, opens to traffic
allowing cargo from England to be shipped to the West coast of the Americas
without having to sail through the Cape of Good Hope.
1857
During the Panic of 1857,
National City
Bank profits by purchasing floundering competitors.
Moses Taylor
has an unlimited supply of cash for buying up distressed stocks as does
George Peabody and Junius Spencer
Morgan, John Pierpont Morgan's father.
Moses Taylor purchases nearly all
the stock of Delaware Lackawanna Railroad for $5 a share, seven years later, it
is selling for $240 a share.
"For such qualities of conservatism and
purity,
George Peabody, the old tree out of which the
House of Morgan grew, was famous. In the Panic of
1857, when depreciated securities had been thrown on the market by
distressed investors in America, Peabody and the elder Morgan, being in
possession of cash, had purchased such bonds as
possessed real value freely, and then resold them at a large advance when
sanity was restored." - Matthew Josephson, The Robber Barons
1934
"One of the high water marks of the
successful Rothschild-Peabody Morgan business
venture was the Panic of 1857.
It had been twenty years since the Panic
of 1837: its lessons had been forgotten by hordes of eager investors who
were anxious to invest the profits of a developing America.
It was
time to fleece them again.
The stock market operates like a wave
washing up on the beach.
It sweeps with it many minuscule creatures who
derive all of their life support from the oxygen and water of the wave.
They coast along at the crest of the "Tide of Prosperity".
Suddenly the wave, having reached the high water mark on the beach,
recedes, leaving all of the creatures gasping on the
sand.
Another wave may come in time to save them, but in all likelihood it
will not come as far, and some of the sea creatures are doomed.
In
the same manner, waves of
prosperity, fed
by newly forged money, through an
artificial contraction of credit, recedes, leaving those it had borne high
to gasp and die without hope of salvation." - Eustice Mullins
The mines
of California, Australia, the Rocky Mountains, Mexico and South America add
hundreds of millions of dollars to the circulating currency of the world.
The newly mined gold and
silver currency circulation forged transportation building on a massive
scale.
1859 Discovery of oil in Pennsylvania.
Americans
embark in the new enterprise; spending millions in prospecting for oil, and
millions more in operating successful wells while engaged in active and healthy
competition in the oil market.
A railroad is built to the oil regions,
but not built to the oil wells.
Its terminus is fifteen miles away.
A few wells are purchased and a pipe line incorporation is organized.
A pipe line is laid from the wells purchased, out to the railroad, with
steam engines stationed at intervals, to force onward the sluggish flow of oil.
At that time, six thousand wagons were hauling oil over corduroy roads
out to the railroad.
The well owners hauling the oil in barrels on
wagons could not compete with the pipeline.
The profits of oil barely
covered expenses.
The individual well owners had to plug up their
wells, waiting for another railroad to be built into the oil regions, over
which they might ship.
No other railroad was built.
1860 Armed with the immense capital
derived from all its sources of wealth, the Money Power began investments in
mortgages in real estate and
began its career of monopolizing whole branches of industry and
vast lines of trade.
The
massive capital of the Money Power had become so vast that they were able to
expand into mortgaging and purchasing property including huge bodies of wild
lands and to begin the purchase of sustenance industries - improved
farms, breweries,
flour mills, meat packing and
lumber mills.
Two-thirds of the
shipping tonnage leaving New
York harbor is in American
ships.
American commercial marine received the fair market price in
the foreign port for American product.
The profits were divided between
the American producer, the American merchant who exported the product, and the
American ship owner who
carried it.
1862 The Homestead
Act
A homestead was a 160 acre rectangle, a quater section, of
public land in the West granted to any US citizen willing to settle on and farm
the land for at least five years.
How the Feds Botched the Frontier Homestead
Acts
1863 After the
Civil War the Money Power realized all profits beyond American shores.
Foreign shipping, especially
that of Great Britain, carries three-quarters of the trade.
"By the
time the CSS Shenandoah lowered its flag, 715 American vessels had been
transferred to the British flag to escape capture or
bankruptcy." - Lynn Schooler
1864
We know from the Irish famines,
that a modern famine is not a dearth of food, so much as the lack of means to
buy bread.
During one of the famines in Ireland, an American vessel
entering the harbor of Cork with provisions sent by American charity to the
starving Irish, met two vessels sailing out of the harbor laden with food sent
from Ireland to a foreign market.
The millions who have perished of
hunger since the founding of the East Indies Company were the victims of the
Money Power decreasing the value of labor and increasing the value of
commodities.
With unlimited funds from "profitable investments" the
Money Power made immense land investments in India purchasing the very rich
delta lands along the streams of the alluvial plains of the Ganges and the
Brahmaputra rivers which stretched from the sea to the foot of the Himalaya
Mountains.
Offering the alternative of emigration to the new plantations
or starvation the Indian
populace was turned into a race of serfs who would till the soil for wages
barely sufficient for subsistence.
Produce grown at starvation wages
flooded world markets forcing down the price of products all over the Earth to
the pauper standard of labor.
"The current
money system obliges us to incur debt collectively, and to
compete with others in the
community, just to obtain the means to perform exchanges between us." -
Bernard Lietaer
"The man at whose house I boarded
told me one day he had been rich, but had failed in business: he obtained
support by taking boarders .
"Misery loves company and the
only consolation I have is that all the tall trees of the forest fell, when I
went down.
Why sir, not more than three or four business men in New
York, who were prominent in business before the War, are in business now.
They all failed.
Nobody
knew what hurt them, business took new channels, their business left them and
they went broke.
How business changed in New York since the War is
incomprehensible to everybody." - L.B. Woolfolk
"If things go on, in a few years more
the Money Kings will own a wider empire of
farming lands in the US than in India; and the American
farmer will be reduced to the condition
of the Hindoo peasant laborer working for a few cents a day, or he may look on
and see the lands he has lost cultivated by Chinese and Hindoo (or Mexican). We
shall be reduced to the
condition of slaves. There is a bottomless pit before us. The Money Power
is preparing to plunge us into it." - L.B. Woolfolk
"There they are ceaselessly
storing up the wealth that flows to them from the rest of the world .
Men in strange climes, and in strange dresses, and
speaking all manner of
tongues, are seen preparing produce and luxuries of all kinds for the
Temple, which flow thither in long streams across land and sea.
And
still the work of storing goes on: gold, silver, and all precious things, the
delights of life, the cream of the earth's good things accumulate higher and
higher in the chambers of the Temple." - City of London, Blackwood,
1864
1870
John D. Rockefeller incorporates
Standard Oil in Ohio.
John D. Rockefeller is
financed by the Kuhn
&Loeb.
Chicago is rapidly becoming a railroad and business
center for the Northwest.
It is the city best adapted to become the
trade center of the country with the exception of St. Louis which is being
operated by well establishediAmerican capitali.
1871 Nobody ever knew how the fire originated.
The fire started at about 9 p.m. on Sunday, October 8, in or around a
small shed that bordered the alley behind 137 DeKoven Street.
The
mythical origin of the fire is that it was started by a cow kicking over a
lantern in the barn owned by Patrick and Catherine O'Leary.
Michael
Ahern, the Chicago reporter who penned the cow myth, admitted in 1893 that he
had made it up because he thought it would make colorful copy.
A high
wind prevailing at the time swept the flames through the center of the city,
leaving a path of desolation three-fourths of a mile wide.
The business
center of Chicago was reduced to ashes.
The business community had been doing
business in cheap two-story houses.
The capital for building public improvements on
a large scale could only be found in the City of London.
The Money
Power then dictated the style of buildings to be erected - splendid structures,
from six to ten stories high, the upper stories of which could only be rented
for offices or lodgings.
When the Panic of 1873 occurred business was
prostrate, renters were lacking for the upper stories, payments could not be
made, mortgages were foreclosed,
and the most of the grand Chicago business blocks became the property of the
Money Power mortgage holders.
1872
Standard Oil absorbs
or destroyes most of its competition in Cleveland in less than two months and
later throughout the northeastern US.
Standard Oil crushed all competitors and
takes possession of the entire oil industry of America establishing a
monopoly.
The only group to survive outside the
Standard Oil Trust at that
time were the Texas oilmen as the state of Texas issued
an injunction against
Standard Oil doing business in Texas.
1873 The New England Mill owners had to
sell their goods as cheap as the English goods were offered in the custom
house, at one-tenth of a cent a yard below the cost of production.
They
had to keep on running, even at a loss; for the delicate machinery, if suffered
to lie idle for six months, would become lopsided and worthless.
The
New England Mill owners continued to run on at a loss until they all failed.
"It was in its devouring the
mills of New England that I first came
upon the track of the Money Power.
I knew that the Money Power had
brought on the Panic of 1873, by the failure of
Jay Cooke, and I was sure that they were
engineering it to suit their own interests." - L.B. Woolfolk
When A. & W. Sprague fails
a tide of bankruptcy sweeps
over New England.
The newspapers at the time are filled, not with
business
advertisements but, with bankruptcy
notices.
For five years all business is
crushed and lifeless.
As
iron works fail the Money Power buys
up iron mines, and foundries and machine shops;
as lumber
companies go broke from the long stagnation of business they buy the mills and
the forested lands; the Money Power bought American products at extremely
low prices, and made unusually large profits; and they had
a grand harvest foreclosing
mortgages and taking possession of mortgaged property.
1877 Supreme Court decision of Munn vs. Illinois
approves state laws to regulate prices charged to farmers for the use of the
grain elevators.
After the Civil War the fluctuation in the
price of lumber, and the cuts in prices between different dealers was evidence
of the war of the Money Power upon all independent lumber men.
The
ownership of the railroads gave such an advantage to the Money Power in
shipping their lumber to
market that all competitors were crushed.
1878 If a
gold or silver mine proves to be
rich, only the poorer levels nearer the surface are worked, till the
outside
stockholders become discouraged and sell out their
stock cheap.
If on the other hand, the mine proves to be a pocket, like
the Emmy Mine in Utah, it is puffed in the newspapers until outsiders have
bought the stock; then the true state of things is revealed.
1885
The "Cotton Seed Oil Trust" takes possession of the small American producers to
manufacture
bogus lard and cooking oils.
The American producers had sold cotton
seed oil as light weight lubricating oil.
National Linseed Oil Trust of
St. Louis is formed to protect linseed interests in the US.
A "Sugar
Trust" takes possession of
the sugar production and traffic.
A "Whiskey Trust"
monopolized the manufacture and sale
of distilled liquors.
How Jews Gained American Liquor Control
A "Cattle
Trust" took possession of the cattle ranches, the raising of cattle and
production of beef.
Trusts, each with millions of capital, began
monopolizing production and
traffic in salt, lead, cordage, nails, coke, lumber, sheet zinc, copper,
crucible steel, and other products.
"Trusts" depress prices until
competition is destroyed and increase the price of the articles they monopolize
to whatever the market can bear.
Trusts do not merely war upon
individual competitors they war upon
national prosperity.
Trusts are a conspiracy
against the prosperity of any nation as they destroy individually enterprising
men, one by one, through the slow torture of financial ruin.
Cumulative individual loss
strikes a blow into the center of national prosperity and national
life.
1886 Supreme Court decision of Wabash
vs. Illinois abolishes 230 state laws passed to regulate rates charged
by the railroads, rates for use of the grain elevator and other
laws passed to regulate
corporations.
1888 Southern cotton
syndicate is formed to subsidize
the cotton
market.
Southern cotton is delivered to the syndicate at the price
offered until syndicate capital is spent, then cotton sinks to one and one-half
cents a pound.
57% of the cattle companies are broke. In order to
destroy these American cattle companies, and also to crush the farmers raising
cattle, the Money Power forced down the price of cattle in defiance of
the law of supply and
demand.
Although cattle was bought for reduced prices those reduced
prices never reached the consumer who continued to pay top dollar.
A
"Coffee Trust" set to work to destroy all the coffee merchants.
The
Money Power reduced the price of coffee to break competitors of the trust and
as soon as this was accomplished the trust doubles the original
price.
1889 British Crown charters
British South Africa incorporation to Cecil Rhodes.
1911 The Standard Oil Trust is ruled
illegal by the Supreme Court and
fined $29,000,000 which
is never paid. |
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