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December
21
2018
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The History of Banking Control in the United States
This fight of the International Financiers to install their fraudulent debt-money system has been particularly vicious in the United States of America since its very foundation, and historical facts show that several American statesmen were well aware of the dishonest money system the Financiers wanted to impose upon America and of all of its harmful effects. These statesmen were real patriots, who did all that they possibly could to maintain for the USA an honest money system, free from the control of the Financiers. The Financiers did everything in their power to keep in the dark this facet of the history of the United States, for fear that the example of these patriots might still be followed today. Here are some facts that the Financiers would like the population NOT to know… The Happiest Population We are in 1750. The United States of America does not yet exist; it is the 13 Colonies of the American continent, forming "New England", a possession of the motherland, England. Benjamin Franklin wrote about the population of that time: "Impossible to find a happier and more prosperous population on all the surface of the globe." Going over to England to represent the interests of the Colonies, Franklin was asked how he accounted for the prosperous conditions prevailing in the Colonies, while poverty was rife in the motherland:
"That is simple," Franklin replied. "In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to make the products pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one." The English bankers, being informed of that, had a law passed by the British Parliament prohibiting the Colonies from issuing their own money, and ordering them to use only the gold or silver debt-money that was provided in insufficient quantity by the English bankers. The circulating medium of exchange was thus reduced by half. "In one year," Franklin stated, "the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed." Then the Revolutionary War was launched against England, and was followed by the Declaration of Independence in 1776. History textbooks erroneously teach that it was the tax on tea that triggered the American Revolution. But Franklin clearly stated:
The Founding Fathers of the United States, bearing all these facts in mind, and to protect themselves against the exploitation of the International Bankers, took good care to expressly declare, in the American Constitution, signed at Philadelphia in 1787, Article 1, Section 8, paragraph 5:
The Bank of the Bankers But the bankers did not give up. Their agent, Alexander Hamilton, was named Secretary of Treasury in George Washington’s cabinet, and advocated the establishment of a federal bank to be owned by private interests, and the creation of debt-money with false arguments like: "A national debt, if it is not excessive, will be to us a national blessing… The wisdom of the Government will be shown in never trusting itself with the use of so seducing and dangerous an expedient as issuing its own money." Hamilton also made them believe that only the debt-money issued by private banks would be accepted in dealing abroad. Thomas Jefferson, the Secretary of State, was strongly opposed to that project, but President Washington was finally won over by Hamilton’s arguments. A federal bank was thus created in 1791, the "Bank of the United States", with a 20 years’ charter. Although it was termed "Bank of the United States", it was actually the "bank of the bankers", since it was not owned by the nation, but by individuals holding the bank’s stocks, the private bankers. This name of "Bank of the United States" was purposely chosen to deceive the American population and to make them believe that they were the owners of the bank, which was not the case. The charter for the Bank of the United States ran out in 1811, and Congress voted against its renewal, thanks to the influence of Thomas Jefferson and Andrew Jackson:
"If Congress," Jackson said, "has a right under the Constitution to issue paper money, it was given them to use by themselves, not to be delegated to individuals or corporations." Thus ended the history of the first Bank of the United States. But the bankers did not play their last card. The Bankers Launch the War Nathan Rothschild, of the Bank of England, issued an ultimatum: "Either the application for the renewal of the charter is granted, or the United States will find itself involved in a most disastrous war." Jackson and the American patriots did not believe the power of the international moneylenders could extend so far. "You are a den of thieves-vipers," Jackson told them. "I intend to rout you out, and by the Eternal God, I will rout you out!" Nathan Rothschild issued orders: "Teach these impudent Americans a lesson. Bring them back to Colonial status." The British Government launched the War of 1812 against the United States. Rothschild’s plan was to impoverish the United States through this war to such an extent that the legislators would have to seek financial aid… which, of course, would be forthcoming only in return for the renewal of the charter for the Bank of the United States. Thousands were killed, but what does that matter to Rothschild? He had achieved his objective; the U.S. Congress granted the renewal of the Charter in 1816. NOTE: Some of the following representations of Lincoln are being told in a somewhat untruthful fashion as relates to "the War" – however the discussion regarding his dealings with the Internationally controlled Banking interests – are spot on. - Ed.
Abraham Lincoln is assassinated Abraham Lincoln was elected President of the United States in 1860, under the promise of abolishing the slavery of the blacks. Eleven southern States, favorable to the human slavery of the black race, then decided to secede from the Union, to withdraw from the United States of America: that was the beginning of the Civil War (1861-1865). Lincoln, being short of money to finance the North’s war effort, went to the bankers of New York, who agreed to lend him money at interest rates varying from 24 to 36 percent. Lincoln refused, knowing perfectly well that this was usury and that it would lead the United States to ruin. But his money problem was still not settled! His friend in Chicago, Colonel Dick Taylor, came to his rescue and put the solution to him:
This is what Lincoln did, and he won the war: between 1862 and 1863, in full conformity with the provisions of the U.S. Constitution, Lincoln caused $450 million of debt-free Greenbacks to be issued, to conduct the Civil War. (These Treasury notes were called "Greenbacks" by the people because they were printed with green ink on the back.) Lincoln said:
Lincoln called the Greenbacks "the greatest blessing the American people have ever had." A blessing for all, except for the bankers, since it was putting an end to their racket, to the theft of the nation’s credit and issuing interest-bearing money. So they did everything possible to destroy these Greenbacks and sabotage Lincoln’s work. Lord Goschen, spokesman of the Financiers, wrote in the London Times (Quote taken from Who Rules America by C. K. Howe, and reproduced in Lincoln Money Martyred by Dr. R. E. Search):
First, in order to cast discredit on the Greenbacks, the bankers persuaded Congress to vote, in February of 1862, the "Exception Clause", which said that the Greenbacks could not be used to pay the interest on the national debt, nor to pay taxes, excises, or import duties. Then, in 1863, having financed the election of enough Senators and Representatives, the bankers got the Congress to revoke the Greenback Law in 1863, and enact in its place the National Banking Act. (Money was then to be issued interest-bearing by privately-owned banks.) This Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes. Lincoln heatedly protested, but his most urgent objective was to win the war and save the Union, which obliged him to put off till after the war the veto he was planning against this Act and the action he was to take against the bankers. Lincoln nevertheless declared:
Lincoln was re-elected President in 1864, and he made it quite clear that he would attack the power of the bankers, once the war was over. The war ended on April 9, 1865, but Lincoln was assassinated five days later, on April 14. A tremendous restriction of credit followed, organized by the banks: the currency in circulation in the country, which was, in 1866, $1,907 million, representing $50.46 for each American citizen, had been reduced to $605 million in 1876, representing $14.60 per capita. The result: in ten years, 56,446 business failures, representing a loss of $2 billion. And as if this was not enough, the bankers reduced the per capita currency in circulation to $6.67 in 1887! NOTE: Ninety-eight years after the assassination of Mr. Lincoln, another united States President was assassinated by representatives of the International Banking Cartel - one John Fitzgerald Kennedy - for having the audacity to sign Executive Order 11110, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. Of course, the fact that both JFK and Lincoln met the the same end is a mere coincidence. - Ed.
William Jennings Bryan:
Lincoln’s example nevertheless remained in several minds, as far along as 1896. That year, the Presidential candidate for the Democrats was William Jennings Bryan, and once again, history textbooks tell us that it was a good thing that he did not succeed in his bid for the Presidency, since he was against the bankers’ "sound money", the money issued as a debt, and against the gold standard. Bryan said:
The Fed: The Most Gigantic Trust Finally, on December 23, 1913, the U.S. Congress voted in the Federal Reserve Act, which took away from Congress the power to create money, and which handed over this power to the Federal Reserve Corporation. One of the rare Congressmen who had understood all the issue at stake in this Act, Representative Charles A. Lindbergh Sr. (Rep-Minnesota), father of the famous aviator, said:
The ‘Education‘ of the People What allowed the bankers to finally obtain the complete monopoly of the control of credit in the United States? The ignorance among the population of the money question. John Adams wrote to Thomas Jefferson, in 1787:
Lincoln’s Secretary of Treasury, Salmon P. Chase, stated publicly, shortly after the passage of the National Banking Act, in 1863: "My agency in promoting the passage of the National Banking Act was the greatest financial mistake of my life. It has built up a monopoly which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side, and the banks on the other, in a contest such as we have never seen before in this country." Automobile manufacturer Henry Ford said: "If the people of the nation understood our banking and monetary system, I believe there would be a revolution before tomorrow morning." The education of the people, that’s the solution! It is precisely the method advocated to build a force in the people through education, so that the sovereign government of each nation will have the courage to stand up to the bankers and issue its own money, as President Lincoln did. …. As Louis Even wrote in 1960:
In short, it is our refusal to take on our responsibilities that delays the implementation of Social Credit, of an honest money system. "Much will be asked of the man to whom much has been given" (Luke 12:48). Examine your consciences, dear Social Crediters; personal conversion, one more step, let us take on our responsibilities: the victory has never been so close! Our responsibility is to make Social Credit known to others. Social Credit Bill passed by the US Congress in 1932 It is the education of the people that is necessary. Once the pressure from the public is strong enough, all the parties will agree with it. A fine example of this can be found in the Goldsborough bill of 1932, which was described by an author as a "Social Credit bill" and "the closest near-miss monetary reform for the establishment of a real sound money system in the United States":
Even the dividend and the compensated discount, two essential parts of Social Credit, were mentioned in this bill, which was the "Goldsborough bill", after the Democratic Representative of Maryland, T. Allan Goldsborough, who presented it in the House for the first time on May 2, 1932. Two persons who supported the bill especially hold our attention: Robert L. Owen, Senator of Oklahoma from 1907 to 1925 (a national bank director for 46 years), and Charles G. Binderup, Representative of Nebraska. Owen published an article, in March of 1936, in J. J. Harpell’s publication, "The Instructor", of which Louis Even was the assistant editor. As for Binderup, he gave several speeches on radio in the USA during the Depression, explaining the damaging effects of the control of credit by private interests.
Robert Owen testified in the House, April 28, 1936:
Once again, education is the main issue: Republicans and Democrats alike supported it, so there was no need for a third party or any sort of "Social Credit" party. Moreover, Owen admitted that the only thing that was lacking was the education of the population, a force among the people. The Goldsborough bill was titled:
The bill also made provision for a discount on prices to be compensated to the retailer, and for a national dividend to be issued, beginning at $5 a month (in 1932) to every citizen of the nation. Several groups testified in support of the bill, stressing the bill provided the means of controlling inflation. Ignorance among the population The most ardent opponent in the Senate was Carter Glass, a fierce partisan of the Federal Reserve (private control of money) and a former Secretary of the Treasury. Besides, Henry Morgenthau, then Roosevelt’s Secretary of Treasury, who was strongly opposed to any monetary reform, said that Roosevelt’s New Deal should be given a trial first. What mostly helped the opponents to the bill was the near ignorance of the money question among the population… and even in the Senate. Some Senators, knowing nothing about the creation of money (credit) by banks, exclaimed: "The Government cannot create money like that! That will cause runaway inflation!" And others, while admitting the necessity for debt-free money, questioned the necessity for a dividend, or the compensated discount. But all these objections actually disappear after a serious study of Social Credit.
Quotes on money "Let me issue and control a nation’s money and I care not who writes its laws." - Mayer Amschel Rothschild (1744-1812), founding father of international finance "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - US President James Madison "The money power denounces, as public enemies, all who question its methods or throw light upon its crimes." - William Jennings Bryan
Thomas Edison and Henry Ford Let us bring an end to this lesson with the quotations of two great American citizens.
Thomas Edison: "Throughout our history some of America’s greatest men have sought to break the Hamiltonian imprint(Alexander Hamilton’s debt-money policy) on our monetary policy in order to substitute a stable money supply measured to the nation’s physical requirements. Lack of public and official understanding, combined with the power of banking interests who have imagined a vested interest in the present chaotic system, have so far thwarted every effort. "Don’t allow them to confuse you with the cry of `paper money.’ The danger of paper money is precisely the danger of gold — if you get too much it is no good. There is just one rule for money and that is to have enough to carry on all the legitimate trade that is waiting to move. Too little and too much are both bad. But enough to move trade, enough to prevent stagnation, on the one hand, not enough to permit speculation, on the other hand, is the proper ratio…
And a call from Henry Ford:
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