was a quarter and you could get a new car for nine hundred ninety five are we headed into an economic crash of one president in proportions one of which will make the crash of one nine hundred twenty nine and the great depression which followed looked like a school picnic if so can we prevent it and what can we do to protect our families reliable experts say a crash is coming they also say but there are simple inexpensive things anyone can do to protect their families to keep food on the table and a roof over our heads even in the worst of times but to do that we have to understand why the crash is coming those behind it what they want and how the perpetrators plan on protecting their families are with this knowledge any of us can ride out the coming storm larry date's was a bank president for eleven years as a member of the tennessee house of representatives he chaired the committee on banking and commerce he's also a former professor of economics and the author of the bestselling book the new economic disorder i can tell you right now that there is going to be a high of unprecedented proportions a crash like we have never seen before in this country the greatest shock of this decade is that more people are about to lose more money than any time before in our history but the second great shock will be the incredible amount of money just a robot with a small group of people will make at exactly the same time you see in periods of economic or upheaval in economic crisis well it is not destroyed it is merely transfer presidential candidate charles collins is a lawyer who has owned banks and served as a bank director he believes we'll never get out of debt because the federal reserve is in control of our money right now is perpetuated by the federal reserve making your borrow money from them add interest to pay the interest this already if you believe so we can get out of the way we're going economist henry paskin a is a tenured instructor in economics he agrees the end is near for the u s economy not when you're ending you know roughly around curves a billion dollars a day we just can't go on we had less than one trillion dollars of national debt and nineteen eighty thousand projects in the way five trillion dollars five times greater fifteen years it doesn't take an changes to realize that this just can't go on forever the problem is that since eight hundred sixty four we've had a debt based banking system all our money is based on government debt we cannot extinguish government debt without extinguishing our money supply that's why talk of paying off the national debt without reforming our banking system isn't an possibility that's why the solution does not li discussing the size of the national debt rather it lies in reforming our banking system this is the federal reserve headquarters in washington it sits on this very impressive address right on constitution avenue right across from the lincoln memorial but is it several is it really heart of the united states government well what we're about to show you is that there is nothing federal about the federal reserve and there are no reserves the name is a deception created back before the federal reserve act was passed in one thousand thirteen to make americans think that america's central bank operates in the public interest the truth is that the federal reserve is a private bank owned by private stockholders and run purely for their private profit that's exactly correct the fed is a privately owned for profit operation passed the federal reserve act of one hundred thirteen but it was having difficulty getting out of the senate and most people have gone home but one of the things that i used to make sure and check is when we had a recess  to object and say and contest the absence of the form then it would not have passed if there still any doubt whether the federal reserve is a part of the u s government check your local telephone book in most cities it is not listed in the blue government pages it is listed in the business white pages right next to federal express another private company but more directly u ruled time and time again that the fed is a private corporation why can't congress do something about the fed most members of congress just don't understand the system and the few who do are afraid to speak up for example an issue i e a veteran congressman from chicago ask us if he could be interviewed for this video however both times our camera crew arrived at his office to do the interview this was all we were able to film the congressman never appeared and eventually decided he no longer wanted to participate but a few others in congress have been bolder over the years here are three quick examples hundred twenty three representative charles a lindbergh's a republican from minnesota and father of the famed aviator lucky landy put it this way the financial system has been turned over to the federal reserve board that board administers the finance system by authority of a purely profiteering group the system is private conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money one of the most outspoken critics in congress of the fed was the former chairman of the house banking and currency committee during the great depression years louis t mcfadden republican of pennsylvania s hundred thirty two we have in this country one of the most corrupt institutions the world has ever known i refer to the federal reserve board this evil institution has impoverished the people of the united states and has practically bankrupted our government it has done this through the corrupt practices of the moneyed vultures who control it senator barry goldwater was a frequent critic of the f most americans have no real understanding of the operation of the international money lenders the accounts of the federal reserve system have never been audited it operates outside the control of congress and manipulates the credit of the united states the federal reserve really even though it is not part of the federal government it is more powerful than the federal government it's more powerful than the congress and the courts a lot of people challenge me on that but let me prove my case the federal reserve determines what the average person's car payment is going to be their house payment is going to be and whether they have a job or not and i submit to you that that's total control and the federal reserve is the largest single creditor of the united states government what is proverbs tell us the bar or servant of the lender what one has to understand is that from the day the constitution was adopted right up to today the folks who profit from privately central banks as madison call them the money changers have a running battle for control over who gets to print america's money why is who prints the money so important think of money as just another commodity if you have a monopoly on a commodity that everyone needs everyone wants and nobody has enough of there are lots of ways to make a profit and also exert tremendous political influence and that's what this battle is all about go out the history of the united states the money power has gone back and forth between congress and some sort of privately owned central bank founding fathers knew the evils of a privately owned central bank first of all they had seen how the privately owned ready central bank the bank of england had run up the british national debt to such an extent that parliament had been forced to place unfair taxes on the american colonies in fact as we'll see later ben franklin claimed that this was the real cause of the american revolution most of the founding fathers realized the potential dangers of banking and feared bankers accumulation of wealth and power jefferson put it this way i sincerely believe the banking institutions are more dangerous to our liberties than standing it bears repeating the issuing power should be taken from the banks and resort to the people to whom it properly belongs james madison the main author of the constitution agreed interestingly he called those behind the central bank scheme money changers madison strongly criticized their actions history records that the money changers have used every form of abuse issue throughout the history of the united states wars are fought over it depressions are caused to acquire it yet after world war one this battle was rarely mention the newspapers or history books why by world war one the money changers with their dominant well had seized control of most of the nation's press throughout us history this battle over who gets the power to issue our money has raged in fact it's changed hands back and forth eight times since seventeen sixty four yet this fact has virtually vanished from public view for over three generations behind a smokescreen and knitted by  cheerleaders in the media until we stop talking about deficits and government spending and start talking about who controls how much money we have it's all just a big shell game a complete and utter deception it won't matter if you pass an ironclad amendment to the constitution mandating a balanced budget our situation is only going to get worse until we rode out the cause at its source what the solution for our national problem first of all education that's what this video presentation is all about but secondly we must act we must take back the power to issue our own money issuing our own money is not a radical solution i want to stress that it's the same solution used at different points in u s history by men like benjamin franklin thomas jefferson andrew jackson martin van buren and abraham lincoln so to sum it up in one nine hundred thirteen congress gave an independent central bank deceptively named the federal reserve not fully over issuing america's money and the debt generated by this squad private corporation is what is killing the american economy though the federal reserve is now the most powerful central bank in the world it was not the first so where does this idea come from to really understand the magnitude of the problem we have to travel back to  europe who are the money changers james madison spoke of in the bible thousand years ago and drove the money changers from the temple it was the only time jesus used force during his ministry what were money changers doing in the temple when jews came to jerusalem to pay their temple tax they could only pay it with a special coin the half shekel of the sanctuary this was a half ounce of pure silver about th size it was the only coin around at that time which was pure silver and of assured weight without the edge of a pagan emperor therefore the jews to have shackle was the only coin acceptable to god but these coins were not plentiful the money changers had cornered the market on them then they raise the price just like any other commodity to what ever the market would bear in other words money changers were making exorbitant profits because they held a virtual monopoly on money the jews had to pay whatever they demanded to jesus this totally violated the sanctity of god's house but the money changing scam did not originate in jesus's day two hundred years before christ rome was having trouble with money changers too early roman emperors had tried to diminish the power of the money changers by reforming usury laws and limiting the land ownership to five hundred acres they were both assassinated in forty eight b c julius caesar took back the power to coin money from the money changers and minted coins for the benefit of all with this new plentiful supply of money he built a great public works projects by making money plentiful caesar won the love of the common man but the money changers hated him some believe this was an important factor in caesar's assassination one thing is for sure with the death of caesar came the demise of plentiful money in rome taxes increased as did corruption just as in the case of america today usury and debased coin became the rule eventuality the roman money supply was reduced by ninety percent as a result the common people lost their lands and their homes just as is about to happen soon in america with the demise of plentiful money the masses lost confidence in the roman government and refused to support it rome plunged into the gloom of the a thousand years after the death of christ money changers those who loan out and manipulate the quantity of money were active in medieval england in fact they were so active that acting together they could manipulate the entire anguish economy these were not bankers per se the money changers generally were the goldsmith's they were the first bankers because they started keeping other people's gold for safe keeping vaults the first paper money was merely a receipt for gold left that the goldsmith paper money caught on because it was more convenient than carrying around a lot of heavy gold and silver coins eventually goldsmiths noticed that only a small fraction of the depositors ever came in and demanded their gold at any one time goldsmith started cheating on the system they discovered that they could print more money than they had gold and usually no one would be the wiser then they can loan out this extra money and collect interest on it this was the birth of fractional reserve banking that is loaning out many times more money than you have assets on the pot so you have thousand dollars in gold were deposited with them they can loan out about ten thousand dollars in paper money and draw interest payments on it and no one would ever discover the deception by this means goldsmith's gradually accumulated more and more wealth and use this wealth to accumulate more and more gold today this practice of loaning out more money than there are reserves is known as fractional reserve banking every bank in the united states is allowed to loan out at least ten times more money than they actually have that's why they get rich on charging let's say eight percent interest it's not really eight percent per year which is their income it's eighty percent that's why bank buildings are always the largest in town but does that mean that all interest or all banking should be illegal hardly in the middle ages canon law the law of the catholic church forbade charging interest on loans this concept fall of the teachings of aristotle and st thomas aquinas they taught that the purpose of money was to serve the members of society to facilitate the exchange of goods needed to lead a virtuous life interest in their belief hindered this purpose by putting an unnecessary burden on the use of money in other words interest was contrary to reason and justice reflecting church law in the middle ages europe forbade charging interest on loans and made it a crime called usury as commerce grew and therefore opportunities for investment arose in the late middle ages it came to be recognized to loan money had a cost for the lender both in risk and in lost opportunity so some charges were allowed but not interest per se but all more or less no matter what religion condemns fraud oppression of the poor and injustice is clearly immoral as we will see fractional reserve lending is rooted in a fraud results in widespread poverty and reduces the value of everyone else's money goldsmith discovered that extra profits could be made by rolling the economy between easy money and tight money when they made money easier to borrow then the amount of money in circulation expanding money was plentiful people took out more loans to expand their businesses but then the money changers went heighten the money supply they would make loans more difficult to guess what would happen just what happens today a certain percentage of people could not repay their previous loans and could not take out new loans to repay the old ones therefore they went bankrupt and had to sell their assets to the goldsmith's for pennies on the dollar the same thing is still going on today on the today we call this rolling of the economy up and down the business cycle like julius caesar king henry the first of england finally resolved to take the money power away from the goldsmith about eleven hundred a day henry could have used anything as money seashells feathers or even yak d as is often done in remote tibet and provinces but he invented one of the most unusual money systems in history it was called the tally stick system where i have one of the few surviving examples of this form british money which lasted seven hundred twenty six years until eighteen twenty six a tally stick the tally system was adopted to avoid the monetary manipulation of the snus tally sticks were money fabricated out of sticks of polished wood not just were cut along one edge of the stick to indicate that the nominations then the stick was split lengthwise through the notches so that both pieces still had a record of the notches the king kept the one half to protect against counterfeiting then he would spend the other half into the economy and they would circulate as money this particular tally stick is huge it represented twenty five thousand pounds one of the original stock holders in the bank of england purchased his original shares with this stick in other words he bought shares in the world's richest and most powerful corporation with a stick of wood it's ironic that after its formation and six hundred ninety four the bank of england attacked the tally stick system because it was money outside the power of the money changers just as king henry had wanted it to be why do people accept the word for money that's a great question throughout history people traded anything they thought have value and used as money you see the secret is that money is only what people agree on as money or paper money today it's really just paper but here's the trick king henry ordered the tally sticks had to be used to pay the king's taxes this built in demands for tally sticks immediately made them circulate and be accepted as money when they were in fact no other form of money has worked so well sticks keep in mind the british empire was built under the tally stick system the palace stick system succeeded despite the fact that the money changers constantly attacked it by offering the metal coin system as competition in other words metal callings never went completely out of circulation but tally sticks on because they were good for the payment of finally in the fifteen hundreds king henry the eighth relaxed the laws concerning usury and the money changers wasted no time reasserting themselves they quickly made their gold and silver money plentiful for a few decades but when queen mary took the throne and tightened the usury laws again the money changers renewed the hoarding of gold and silver coins forcing the economy to plummet when queen mary sister queen elizabeth the first took the throne she was determined to regain control over english money her solution was to issue gold and silver coins from the public treasury and take the control over the money supply away from the money change although control over money was not the only cause of the english revolution and sixteen forty two religious differences fueled the conflict monetary policy played a major role financed by the money  changers our krom well finally overthrew king charles purge the parliament and put the king to death the money changers were immediately allowed to consolidate their financial power the result was that for the next fifty years the money changers plunged great britain into a series of costly wars they took over a square mile of property in the center of london known as the city of london this area today is still known as one of the three predominant financial centers of the world conflicts with the stuart king led the money changers in england to combine with those in the netherlands to finance the invasion of william of orange who over by the end of the six hundred and one was in financial ruin fifty years of more or less continuous wars with france and holland had exhausted her frantic government officials met with the money changers to beg for the loans necessary to pursue their political purposes the price was high a government sanctioned privately owned bank which could issue money created out of nothing it was to be the modern world's first privately owned central bank the bank of england although it was deceptively called the bank of england to make the general population think it was part of the government it was not like any other private corporation the bank of england sold shares to get started the investors whose names were never revealed were supposed to put up one and a quarter million british pounds in gold coins to buy their shares in the bank but only seven hundred fifty thousand pounds was ever received despite that the bank was duly chartered in sixteen ninety four and started out in the business of loaning out several times the money it supposedly in reserves all at interest in exchange for the new bank with a loan of british politicians as luck of the new currency as they want it as long as they secure and the debt by direct taxation of the british people so legalisation of the bank of england amounted to nothing less than legal counterfeiting of a national currency for private gain unfortunately nearly every nation now has a privately controlled central bank using the bank of england as the basic model such is the power of these central banks that they soon take total control over a nation's economy it soon amounts to nothing but a  ruled by the rich it would be like putting control of the army in the hands of the mafia the danger of tyranny would be extreme yes we need central banks no we do not need them in private hands the central banks scam is really a hidden tax the nation sells bonds to the central bank to pay for things that there is not have the political will to raise taxes to pay for but the bonds are purchased with money the central bank creates out of nothing more money in circulation makes your money worth less the government gets as much money as it needs and the people pay for inflation the beauty of the plan is that not one person in the thousand can figure it out because it's usually hidden behind complex sounding economics jibberish with the formation of the bank of england the nation was soon awash and money prices throughout the country doubled massive loans were granted for just about any wild scheme one venture proposed to drain the red sea to recover gold supposedly lost when the egyptian army drowned pursuing moses and the israel lights by sixteen ninety eight government debt grew from the initial one and a quarter million pounds to sixteen million pounds naturally taxes were increased and then increased again to pay for all of this with the british money supply firmly in their grip the british economy began a wild rollercoaster series of booms and depressions exactly the sort of thing a central bank claims it is determined to prevent there are two things which i think are intrinsic not just to the bank of england central banking generally the first is an involvement in the formulation of monetary policy was the specific subject to the t v monitor stability however since the bank of england took control the british pound has rarely been stable now let's take a look at the role of the rothschild family the family sent to be the wealthiest in the world this is frankfurt germany fifteen years after the bank of england opened its doors a goldsmith named and shell moses power opened the coin shop a counting house in seventeen forty three and over the door he placed a sign depicting a roman eagle on a red shield the shop became known as the red shield firm or in german rothschild when his son and show  inherited the business and decided to change his name to rothschild and shall soon learn that loaning money to governments and king was more profitable than loaning to private individuals not only were the loans bigger but they were secured by the nation's taxes they are rothschild had five sons he trained them all in the skills of money creation then sent them out to the major capitals of europe to open branch offices of the family banking business is first and show mayor state in frankfurt to mind the hometown bank his second son solomon was sent to vienna his third son nathan was clearly the most clever he was sent to london at age twenty one and seventeen ninety eight one hundred years after the founding of the bank of england his fourth son carl went to naples and his fifth son jacob went to paris and seventeen eighty five mayor rahm shell moved his entire family to this larger house a five story dwelling he shared with the shift family this house was known as the green shield the rothschilds and the shifts would play a central role in the rest of european financial history and  that of the united states the rothschilds broke into dealings with european royalty here at way you know all the palace of the wealthiest man in germany and back to the wealthiest monarch in all europe prince a gigantic some at that time to nathan rothschild in london with instructions for him to buy console's british government bonds also called government stock but rothschild used the money for his own purposes with napoleon on the loose the opportunities of war time investments were nearly limitless well then retiring here some time prior to the battle of waterloo and eighteen fifteen  and demanded his money back the rothschilds returned williams money with the interest the british consuls would have paid him had the investment actually been made but the rothschilds kept all the past profits they had made using william's money nathan rothschild later bragged that in the seventeen years he'd been in england he didn't creased his original twenty thousand pounds stake given to him by his father by twenty five hundred times by cooperating within the family the rothschild soon grew unbelievably wealthy by the met eighteen hundred they dominated all european banking and were certainly the wealthiest family and the world they financed cecil rhodes making it possible for him to establish a monopoly over the diamond and gold fields of south africa in america they financed the heroine's and railroads the vanderbilt's and railroads in the press and carnegie in the steel industry among many others in fact during world war one j p morgan was thought to be the richest man in america but after his death it was discovered that he was actually only a lieutenant of the rothschilds once morgan's will was made public it was discovered that he owned only nineteen  percent of j p morgan companies by eight hundred fifty james rothschild the heir of the french branch of the family was said to be worth six hundred million french francs one hundred fifty million more than all the other bankers in france put together he built this mansion called area just east of paris vilhelm the first on scene it exclaimed kings couldn't afford this it could only belong to a rothschild another nineteenth century french commentator put it this way there is but one power in europe and that is rothschild there is no evidence that their predominant standing in european or world finance has changed now let's take a look at the results the bank of england had produced on the british economy and how that later was the root cause of the american revolution by the mid seventeen hundreds the british empire was nearing its height the power around the world but britain and fought for costly wars in europe since the creation of their privately owned central bank the bank of england the cost high finance these wars the british parliament here had bought heavily from the bank by the mid seventeen hundreds the government debt here in britain was one hundred forty million pounds a staggering s those days consequently the british government embarks on a program of trying to raise revenues from their american colonies in order to make their interest payments to the banks but in america it was a different story the scourge of a privately owned central bank had not yet yes this is independence hall in philadelphia where the declaration of independence and constitution were in the mid seventeen hundreds pre revolutionary america was still relatively poor there was a severe shortage of precious metal coins to trade for good so the early colonists were forced to experiment with printing their own homegrown paper money some of these experiments were successful franklin was a big supporter of the colonies printing their own paper money in seven hundred fifty seven franklin was sent to london he ended up staying for the next eighteen years here nearly until the start of the american revolution during this period the american colonies began to issue their own money called colonial scrip the endeavor was very successful it provided a reliable medium of exchange and it also helped to provide a feeling of unity between the colonies remember colonial scrip was just paper money debt free money printed in the public interest and not backed by gold or silver coin in other words it was a totally currency one day officials of the bank of england asked franklin how he would account for the newfound prosperity of the producers to the consumers in this manner creating for ourselves our own paper money we control its purchasing power and we have no interest to pay to know whether this was just common sense to franklin but you can imagine the impact it had on the bank of england america had learned the secret of money and that genie had to be returned to its bottle as soon as possible as a result parliament hurriedly passed the currency act to seven hundred sixty four this prohibited colonial officials from issuing their own money and ordered them to pay off future taxes in gold or silver coins in other words it forced the colonies on a gold or silver standard for those who still believe that a gold standard is the answer for america's current monetary problems look what happened to america after that rioting in his autobiography franklin said in one year the conditions were so reversed that the era of prosperity and depressions to such an extent that the streets of the colonies were filled with unemployed franklin claims that this was even the basic cause for the american revolution as franklin put it in his autobiography the colonies would own money permanently out of the hands of george the third the international bankers was the prime reason for the revolutionary war by the time the first shots were fired in lexington massachusetts on april nineteenth seventeen seventy five the colonies had been drained of gold and silver coined by british taxation as a result the continental government had no choice but to print money to finance the war at the start of the revolution the us money supplies to the twelve million dollars by the end of the war it was nearly five hundred million as a result the currency was virtually worthless shoes sold for five thousand dollars a pair colonial scrip had worked because just enough was issued to facilitate trade as george washington lamented a wagon load of money will scarcely purchase a wagon load of provisions today those who support a gold backed her and see point to this period during the revolution to demonstrate the evils of the currency but remember the same currency had worked so well twenty years earlier during times of peace that the bank of england had parliament outlaw towards the end of the revolution of the continental congress meeting here and dependent hall grew desperate for money in seventeen eighty one they allowed robert morris their financial superintendent to open a privately owned central bank practice fractional reserve banking that is it could lend out money it didn't have then charge interest on it if you were i were to do that we would be charged with fraud  the banks charter calls for private investors to put up four hundred thousand dollars worth of initial capital but when morris was unable to raise the money he brazenly use his political influence to have gold deposited in the bank which had been  loan to america by friends he then loan this money to himself and his friends to reinvest in shares of the bank and like the bank of england the bank was given a monopoly over the national currency soon the dangers became clear the value of american currency continued to plummet so four years later in seventeen eighty five the banks charter was not renewed the leader of the effort to kill the bank william findlay of pennsylvania explained the problem this way quote this institution having no principle but that of avarice will never be varied in its object to and grows all the wealth power and influence of the state the men behind the bank of north america alexander hamilton robert morris and the banks president thomas whiling did not give up only six years later hamilton then secretary of the treasury and his mentor morris rammed a new privately owned central bank through the new congress called the first bank of the united states thomas a while and again as the banks present the players were the same only the name of the bank was changed in seventeen eighty seven colonial leaders assembled in philadelphia to replace the ailing articles of confederation as we saw earlier both thomas jefferson and james madison were all truly opposed to a privately owned central bank they had seen the problems caused by the bank of england they wanted nothing of it as if the american people ever allow private banks to control the issue of their currency first fine place and then by deflation the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered during the debate over the future monetary system another one of the founding fathers are more castigated the motivations of the owners of the back of north america gouverneur morris headed the committee that wrote the final draft the constitution morris knew the motivations of the bank well along with his old boss robert morris gouverneur morris and alexander hamilton were the ones who had presented the original plan for the bank of north america to the continental congress in the last year of the revolution in a letter he wrote to james madison on july second seventeen eighty seven gouverneur morris revealed what was really going on the rich will strive to establish their dominion and slave the rest they always do they always will they will have the same effect here as elsewhere if we do not by the power of government keep them in their proper years despite the defection of gouverneur morris from the ranks of the bank hamilton robert morris thomas whiling and their european backers were not about to give up they convinced the bulk of the delegates to the constitutional convention to not give congress the power to issue paper money most of the delegates were still reeling from the wild inflation of the paper currency during the revolution they had forgotten how well colonial scrip had worked before the war but the bank of england had not the money changers could not stand to have america printing their own money again so the constitution is silent on the matter this grievous defect left the door wide open for the money changers just as they had planned and seventeen not a less than three years after the constitution had been signed the money changers struck again the newly appointed first secretary of the treasury alexander hamilton proposed a bill to the congress calling for a new privately owned central bank coincidentally that was the very year that adam shell rothchild made his pronouncement from his flagship bank in frankfurt let me issue and control a interestingly one of hamilton's first jobs after graduating from law school in seventeen eighty two was as an aide to robert morris the head of the bank of north america in fact the year before hamilton had written morris a letter saying a national debt if it is not excessive will be to us a national blessing a blessing to whom after a year of intense debate in seventeen one congress passed the bill and gave it a twenty year charter the new bank was to be called the first bank of the united states or be u s here we are in front of the first bank of the united states in philadelphia the bank was given a monopoly on printing u s currency even though eighty percent of its stock would be held by private investors the other twenty percent would be purchased by the us government but the reason was not to give the government a piece of the action it was to provide the capital for the other eighty percent owners as with the old bank of north america and the bank of england before that the stock holders never pay the full amount for their shares the u s government put up their initial two million dollars in cash then the bank through the old magic of fractional reserve lending made loans to its charter investors so they could come up with the remaining eight million dollars of capital needed for this risk free investment like the bank of england the name of the bank of the united states was deliberately chosen to hide the fact that it was privately controlled and like the bank of england the names of the investors in the bank were never revealed many years later it was a common saying that the rothschilds were the power behind the old bank of the united states the bank was sold to congress as a way to bring stability to the banking system and eliminate inflation so what happened over the first five years the u s government borrowed eight point two million dollars from the bank of the united states  the same five year period prices rose by seventy two percent jefferson as the new secretary of state wants the borrowing with sadness and frustration on able to stop it i wish it were possible to dream a single woman to our constitution taking from the federal government the power of borrowing millions of americans feel the same way today they watch in helpless prostration as the federal government follows the american economy into oblivion so although it was called the first bank of the united states it was not the first attempt at a privately owned central bank in this country as with the bank of north america the government put up most of the cash to get this private bank going then the bankers loaned the money to each other to buy the remaining stock in the bank it was a scam plain and simple and they wouldn't be able to get away with it for long but first we have to travel back to europe to see how a single man was able to manipulate the entire british economy by obtaining the first news of napoleon's final defeat here in paris the bank of france was organized in eighteen hundred just like the bank of england but napoleon decided france had to break free of debt and he never trusted the bank of france he declared that when a government is sears or without and without decency their sole object is going back in america unexpected help was about to arrive and eighteen hundred thomas jefferson narrowly defeated john adams to become the third president of the united states by eighteen zero three jefferson and napoleon had struck a deal the u s would give napoleon three million dollars in gold in exchange for a huge chunk of territory west of the mississippi river the louisiana purchase with that three million dollars napoleon quickly forged an army and set off across europe conquering everything in his path but the bank of england quickly rose to oppose him they financed every nation in his path reaping the enormous profits of war prashant austria and finally russia all went heavily into debt in a futile attempt to stop napoleon four years later with the main french army in russia thirty year old nathan ross child the head of the london office of the rothschild family personally took charge of a bo plan to smuggle a much needed shipment of gold right through france to finance an attack by the duke of wellington from spain nathan later brag at a dinner party in london that it was the best business he'd ever done little did he know that he would do much better business in the near future wellington's attacks from the south and other defeats eventually forced napoleon to abdicate and louis the eighteenth was crowned king napoleon was exiled to elba a tiny island off the coast of italy supposedly exiled from france forever while napoleon was in exile on alibi temporarily defeated by an england with the financial help of the rothschilds america was trying to break free of its central bank as well ten eleven nobel was put before congress to renew the charter of the back of the united states the debate grew very heated and the legislatures of both pennsylvania and virginia passed resolutions asking congress to kill the bank the press corps of the day attacked the bank openly calling it a great swindle of vulture viper and the cobra owed to have an independent press once again on america congressman name a porter attacked the bank from the floor of congress saying if the banks charter was renewed congress quote well i have planted in the bottom of this constitution of i for which one day or another will staying the liberties of this country to the heart close prospects didn't look that good for the bank some writers have even claimed that nathan rothschild warned that the united states would find itself involved in a most disastrous war if the bank but it wasn't enough when the smoke and clear the renewal bill was defeated by a single vote in the house and was deadlocked in the senate by now america's fourth president james madison was in the white house remember madison was a staunch opponent of the bank is vice president george clinton broke a time in the senate and sent the bank into oblivion within five months england attacked the us and the war of eighteen twelve was on but the british were still busy fighting the paulian and so the war the eighteen twelve ended in a draw in eighteen fourteen though the money changers were temporarily down they were far from out it would take them only another two years to bring back their bank bigger and stronger than ever but now let's return to napoleon because nothing else in history more aptly demonstrates the ingenuity of the rothschild family and their control of the british stock market after waterloo in eight hundred fifteen a year after the end of the war of eighteen twelve in america napoleon escaped his exile and returned to paris french troops were sent out to capture him but such was his charisma that the soldiers rallied around their old leader and hailed him as they're in for once again in march of eighteen fifteen napoleon equipped an army which britain's duke of wellington defeated less than ninety days later at waterloo some writers claim the polian borrowed five million pounds from the bank of england to rearm but it appears these funds actually came from the bard banking house in paris nevertheless from about this point on it was not unusual for privately controlled central banks to finance both sides in a war why would a central bank finance opposing sides in a war because war is the biggest debt generator of them all a nation will borrow any amount for victory the ultimate loser is alone just enough to hold out the vain hope of victory and the ultimate winner is given enough to win besides such loans are usually conditioned upon the guarantee that the victor well on are the deaths of the vanquish this is the waterloo battlefield about two hundred miles northeast of paris in what today is belgium here napoleon suffered his final defeat but not before thousands of french an englishman gave their lives on a steamy summer day in july of eighteen fifteen right over there on june eighteenth eighteen fifteen seventy four thousand french troops that's sixty seven thousand troops from britain and other european nations the outcome was certainly in doubt in fact had napoleon attacked a few hours earlier he would probably have won the battle but no matter who won or lost back in london nathan rothschild planned to use the opportunity to try to control over the british stock and bond market and possibly even the bank of england rothschilds stationed a trusted agent a man named roth worth on the north side of the battlefield closer to the english channel once the battle and then decided ross worth took off for the chance to deliver the news to nathan rothschild for twenty four hours before wellington's own courier began selling other nervous investors saw the rothschilds was selling it could only mean one thing napoleon most of one wellington most of last the market plummeted soon everyone was selling their console's their british government bonds and prices dropped sharply but then rothschild started secretly buying up the console's to his agents for only a fraction of their work hours before myth legend as you say one hundred years later the new york times ran a story which said that nathan's grandson had attempted to secure a court order to suppress a book with the stock market story and the wrong family claimed the story was untrue and libelous but the court denied the rothschild's request and ordered the family to pay all court costs what's even more interesting about this story is that some authors claim that the day after the battle of waterloo in a matter of hours nathan rothschild came to dominate not only the bond market but the bank of england as well whether or not the rothschild family seized control of the bank of england the first privately owned central bank in a major european nation and the wealthiest one thing is certain by the mid eighty's hundreds the rothschilds were the richest family in the world bar none they dominated the new government bond markets and branched into other banks and industrial concerns in fact the rest of the nineteenth century was known as the age of the rothschilds despite this overwhelming the family has generally cultivated and all of invisibility although the family controls scores of industrial commercial mining and tourist corporations only a handful  rothschild name by the end of the nineteenth century one expert estimated that the rothschild family controlled half the wealth of the world whatever the extent of their vast wealth it is reasonable to assume that their percentage of the world's wealth is increased since then but since the turn of the century the rothschilds have cultivated the notion that their power has somehow waned even as their wealth increases meanwhile back in washington eighteen sixteen just one year after waterloo and rothschilds alleged takeover of the bank of england the american congress passed a bill permitting yet another privately owned central bank this bank was called the second fact of the united states the new banks charter was a copy of the previous banks the us government would own twenty percent of the shares of the bank of course the federal share was paid by the treasury front into the bank's coffers then through the magic of fractional reserve lending it was transformed into loans to private investors who then bought the remaining eighty percent of the shares just as before the primary  stockholders remained a secret but it is known that the largest block of shares about one third of the total were sold to foreigners as one observer put it it is certainly no exaggeration to say that the second bank of the united states was rooted as deeply in britain as it was in america so by eighteen sixteen some authors claim the rothschilds had taken control over the bank of england and back to new privately owned central bank of america as well after twelve years of the nebulae sions of the us economy on the part of the second bank of the us the american people had had just about enough opponents of the bank nominated a dignified senator from tennessee andrew jackson the hero of the battle of new orleans to run for president this is his home the her no one gave jackson a chance and initially the bank had long ago learned how the political process could be controlled with money to the surprise and dismay of the money changers jackson was swept into office in eighteen twenty eight jackson was determined to kill the bank at the first opportunity and wasted no time in trying to do so but the banks twenty year charter didn't come up for renewal until eighteen thirty six the last year of his second term if he could survive that long during his first term jackson contented himself with the routing out the banks many many and from government service he fired two thousand of the eleven thousand employees of the federal government in eighteen thirty two with his reelection approaching the bank struck an early blow hoping jackson would not want to stir up controversy they ask congress to pass a renewal bill four years early surely congress complied then send it to the president for signing but jackson weighed in with both feet all hickory never a coward veto the bill his veto message is one of the great american documents it clearly lays out the responsibility of the american government towards its citizens rich and poor it is not our own citizens only who are to receive the bounty of our government more than eight millions of the stock of this bank or hell but foreigners is there no danger to our liberty and independence in a bank that in its nature has so little to bind to our country controlling our currency receiving the public monies and holding thousands of our citizens independence would be more formidable and dangerous to military power of the enemy if government would confine itself to equal protection and as heaven does its reasons shower its favor alike on the high and the low the rich and the poor it would be qualified blessing in the act before me there seems to be a right and necessary departure from these just principles later that year in july eighteenth thirty two congress was unable to override jackson's veto now jackson had to stand for reelection jackson took his argument that rectally to the people for the first time in u s history jackson took his presidential campaign on the road before then presidential candidate stayed at home and looked presidential his campaign slogan was jackson and no bank the national republican party ran senator henry clay against jackson despite the fact that the bankers poured over three million dollars into claims campaign jackson was reelected by a landslide in the vendor of eighteen thirty two despite his presidential victory jackson knew the battle was only beginning the high drive corruption is only scotched not dead so the newly elected president jackson ordered his new secretary of treasury louis mclean to start removing the government's deposits from the second bank and start placing them and say thanks but mclean refused to do so jackson fired him and appointed william j dewayne as the new secretary of the treasury to wayne also refused to comply with the president's request and so jackson fired him as well and then appointed roger b taney to the office taney did withdraw government funds from the bank starting on october first eighteen thirty three jackson was jubilant i have a chained i'm ready with screws to draw every two thousand and the stumps but the bank was not yet done fighting its head nicholas biddle used  influence to get the senate to reject cheney's nomination then in a rare show of arrogance biddle threatened to cause a depression if the bank was not recharter this would be president thinks that because he has scalped indians with bruson judges used to have his way with the big he is next in an unbelievable fit of honesty for a central banker biddle admitted that the bank was little intended to use the money contraction power of the bank to cause a massive depression until america gave in unfortunately this is happen time and time again throughout us history and is about to happen again in todays world made good on his threat the bank sharply contracted the money supply by calling in all wrongs and refusing to extend new ones a financial panic ensued followed by a deep depression naturally bittle blamed jackson for the crash saying that it was caused by the withdrawal of federal funds from the bank unfortunately his plan worked well wages and prices sagged unemployment s along with business bankruptcies the nation quickly went into an uproar newspaper editors blast and jackson in editorials the bank threatened to withhold payments which then could be made directly to keep politicians for their support within only months congress assembled in what was called the panic session six months after he had withdrawn funds from the bank jackson was officially censured by a resolution which passed the senate by a vote of twenty six to twenty it was the first time a president had ever been censured by congress jackson lashed out of the bank you are a den of vipers i intend to rout you out and by eternal god i will rout you out america's fa teetered on a knife edge if congress could muster enough votes to override jackson's veto the bank would be granted another twenty year monopoly or more over america's money time enough to consolidate its already great power then a miracle occurred the governor of pennsylvania came out supporting president jackson and strongly criticized the bank on top of that it all had been caught boasting in public about the bank's plan to crash the economy suddenly the tide shifted and april of eighteen thirty four the house of representatives voted one thirty four to eighty two against recharger in the bank this was followed up by an even more lopsided vote to establish a special committee to investigate whether the bank had caused the crash when the investigating committee arrived at the bank's door in philadelphia armed with a subpoena to examine the books that all refused to give them up nor would he allow inspection of correspondence with congressman relating to their personal loans and advances he made to them he also refused to testify before the committee back in washington on january eighth eighteen thirty five jackson paid off the final installment of the national debt which had been the sestak dated by allowing the banks to issue currency for government bonds rather than simply issuing treasury notes without such a debt he was the only president to ever pay off the debt a few weeks later on january thirtieth eighteen thirty five an assassin by the name of richard lawrence tried to shoot president jackson but by the grace of god both pistols mis fired lawrence was later found not guilty by reason of insanity after his release he bragged to friends that powerful people in europe had put him up to the task and promised to protect him if he were caught the following year when its charter ran out the second bank of the united states ceased functioning as the nation's central bank biddle was later arrested and charged with fraud he was tried and acquitted but died shortly thereafter well still tied up in civil suits after his second term as president jackson retired here to the hermitage outside of nashville to live out his life he is still remembered here for his determination to kill the bank in fact he killed it so well that it took the money changers seventy seven years to undo the damage when asked what is most important accomplishment had been jackson replied i killed the bank unfortunately even jackson failed to grasp the entire picture and its root cause although jackson had killed the central bank the most insidious weapon of the money changers fractional reserve banking remained in use by the numerous state chartered banks this fueled economic instability in the years before the civil war still the central bankers were out and as a result america thrived as they expanded westward during this time the principle money changers struggled to regain their lost centralized power but to no avail then finally they reverted to the old central bankers formula war to create debt and dependency if they couldn't get the central bank any other way america could be brought to its knees by plunging it into a civil war just as they had done in eighteen twelve after the first bank of the united states was not recharter one month after the inauguration of abraham lincoln the first shots of the american civil war were fired here at fort sumter south carolina on april twel hundred sixty one certainly slavery was a cause for the civil war but not the primary cause lincoln knew that the economy of the south depended upon slavery and so before the civil war he had no intention of eliminating it lincoln had put it this way in his inaugural address only one month earlier i have no purpose directly or indirectly to interfere with the institution of slavery the streets were now exists i believe i have no lawful right to do so and i have no inclination to do so even after the first shots were fired here at fort sumter lincoln continued to insist that the civil war was not about the issue of slavery my paramount objective is to save the union and it is not either to save or destroy slavery if i could see the union without freeing up the sleeve i would do it so what was the civil war all about there were many factors at play northern industrialists had used protective tariffs to prevent the southern states from buying cheaper european goods europe retaliated by stopping common imports from the south the southern states were in a double financial bind they were forced to pay more for most of the necessities of life while their income from cotton exports plummeted the south was angry but there were other factors at work the money changers were still stung by america's withdrawal from their control twenty five years earlier since then america's wildcat economy had made the nation rich a bad example for the rest of the world the central bankers now saw an opportunity to split the rich new nation to divide and conquer by war was this just some sort of wild conspiracy theory at the time well let's take a look at what a well placed observer of the scene had to say at the time his name was autobahn bismarck chancellor of germany the man who united the german states a few years later the division of the united states into federations of equal force was decided long before the civil war by the high financial powers of europe these bankers were afraid that the united states if they remained as one block in this one nation would attain economic and financial independence which would upset their financial domination over the world within months after the first johnson at fort sumpter the central bankers loan the poli the third of france the nephew of the waterloo napoleon two hundred ten million francs to seize mexico and stationed troops along the southern border of the u s taking advantage of their war to violate the monroe doctrine and return mexico to colonial rule no matter what the outcome of the civil war a weakened america heavily indebted to the money changers would open up central and south america once again to european colonization and domination the very thing america's monro doctrine had forbade and eighteen twenty three at the same time great britain moved eleven thousand troops into canada and position them  america's northern border the british fleet went to war alert should there quick intervention be called for lincoln knew he was in a double bind that's why he agonized over the fate of the union there was a lot more to it than just differences between the north and the south that's why his emphasis was always on union and not merely the seat of the south but lincoln needed money to win an eight hundred sixty one lincoln and his secretary of treasury solomon chased went to new york to apply for the necessary law the money changers anxious to see the union fail offered loans at twenty four to thirty six percent interest lincoln said thanks but no thanks and returned to washington lincoln sent for an old friend colonel dick taylor of chicago and put him on the problem of financing the war during one meeting lincoln asked taylor what he discovered taylor put it this way why lincoln that is easy just get congress to pass a bill authorizing the printing of full legal tender treasury notes and pay your soldiers with them and go ahead and win your war with them also when lincoln asked if the people of the united states would accept the notes taylor said the people or anyone else will not have any choice in the matter if you make them full legal tender they will have the full sanction of the government and be just as good as any money as congress is given that express right by the constitution so that's exactly what lincoln did in eight hundred sixty two sixty three he printed up four hundred fifty million dollars worth of the new bills in order to distinguish them from other banknotes in circulation he printed them in green ink on the back side that's why the notes were called greenbacks with this new money lincoln paid the troops and bought their supplies during the course of the war nearly four hundred fifty million dollars worth of greenbacks were printed at no interest to the federal government lincoln understood who was really pulling the strings and what was at stake for the american people this is how he explained his rationale the government should create issue and circulate all the currency and critics needed to satisfy the spending power of the government and the buying power of consumers the privilege of creating them issuing money is not only the supreme prerogative of government but it is the government's greatest creative opportunity 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 of humanity become endure weighted down to a fixture of them that government will furnish its own money without cost it will pay off debts and be without debt it will have all the money necessary to carry on its commerce it will become prosperous without precedent in the history of the world the brains and wealth of all countries will go to north america that country must be destroyed or it will destroy every monarchy  scheme was effective so effective that the next year eight hundred sixty three with federal and confederate troops beginning to match the decisive battle of the civil war and the treasury a need to further and question no authority to issue more greenbacks lincoln allowed the bankers to push through the national bank act these new national banks would operate under a virtual tax free status and collectively have the exclusive monopoly power to create the new form of money banknotes the greenbacks continued to circulate their numbers were not increase but most importantly from this point on the entire us money supply would be created out of debt by bankers buying u s government bonds and issuing them for reserves for banknotes as historian john kenneth galbraith explained it the war the federal later on eight hundred sixty three lincoln got some unexpected help from these are alexander the second of russia those are like bismarck and germany knew what the international money changers were up to and had steadfastly refused to let them set up a central bank in russia if america survived and was able to remain out of their clutches his arse position would remain secure if the bankers were successful at  america and giving the pieces back to great britain and france both nations under control of their central bank sensually they would threaten russia again so those are gave orders that if either angle and or france actively intervened and gave aid to the south russia would consider such action as a declaration of war he did the same with part of his pacific fleet and sent them to port in san francisco lincoln was reelected the next year eight hundred sixty four had he lived he would surely have killed the national banks money monopoly extracted from him during the war on nov twenty first eight hundred sixty four he wrote a friend the following the money power preys upon the nation in times of peace and conspires against in times of adversity it is more despotic the monarchy more insolent talk was more selfish than bureaucracy shortly before lincoln was murdered his former secretary of treasury salih ha cmon his role and helping secure the passage of the national banking act only one year earlier my agency  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 on april fourteenth eight torturous tricks will entirely corrupt the exuberant riches of america and use it systematically to corrupt modern civilization they will not hesitate to plunge the whole of christendom into wars and chaos in order that the  should become their inheritance bismark well understood the money changers class allegations that international bankers were responsible for lincoln's assassination surface in canada seventy years later and nineteen thirty four gerald g my gear a popular and well respected canadian attorney revealed this stunning charge in a five hour speech before the canadian house of commons blasting canada's debt based money system remember it was nine hundred thirty four the height of the great depression which was ravaging canada as well my gearhead obtained evidence deleted from the public record provided to him by four abraham lincoln the motor dimentia paper of the slaves was assassinated through the machinations of a group representing the informational bankers who feared the united states president's national credit ambitions there was only one group in the world who had any reason to do something of the death of lincoln they were the men opposed to his national currency program and fought him throughout the civil war on his policy of greenback currency interesting lima gear claim that lincoln was assassinated not only because international bankers wanted to reestablish a central bank in america but because they also wanted to base america's currency on gold gold they controlled in other words put america on a gold standard lincoln had done just the opposite by issuing us notes greenbacks which were based purely on the good faith and credit of the united states the article quoted mcgeary as saying they were the men interested in the establishment of a good standard and the rights of the bankers to manage the currency in credit of every nation in the world with lincoln out of the way they were able to proceed with a plan and to proceed with it in the united states within eight years after lincoln's assassination server was deep monetized and the gold standard money system set up in the united states since lincoln has the us issued debt free united states notes these red seal bills which were issued in one hundred sixty three were not a new issue from president kennedy but merely the old greenbacks reissued year after year and another act of folly and ignorance the nine hundred ninety four regal act actually authorized the replacement of lincoln's brain back with that face no in other words brain back were in circulation and they not if they entailed i think ninety four why was it over bad for the bankers and gold good simple because silver was plentiful in the united states it was very hard to control gold was and always has been scarce throughout history it has been relatively easy to monopolize gold but silva has historically been fifteen times more plent with lincoln out of the way the money changes next object it was thinking complete control over america's money this was no easy task with the opening of the american west silver had been discovered in huge quantities on top of that lincoln's greenbacks were generally popular the spy thing european central bank is deliberate attacks on greenbacks they continue to circulate in the united states in fact and till a few years ago according to a stor a clear on scouts and right after the civil war there was considerable talk about reviving lincoln's brief experiment with the constitutional monetary system not the european one the trusted or beamed it would have no doubt become an established institution it is clear that the concept of america printing her own debt free money sent shock waves throughout the european central bank  they watched with horror as americans clamored for more grain that they may have killed lincoln but support for his monetary ideas grew on april twelfth eighteen sixty six nearly one year to the day of lincoln's assassination congress went to work at the bidding of the european central banking interests it passed the contraction act authorizing the secretary of the treasury to begin to retire some of the greenbacks in circulation and thereby contract the money supply authors theodore are thorough on and richard f warner explained the result of the money contraction in their classic book on the subject the truth and money but the hard drives which occurred after the civil war could have been avoided if the greenback legislation had continued as president lincoln had intended instead there were a series of money to mix what we call recessions which put in other words the money changers wanted to things the reinstitution of a central bank under their exclusive control and to an american currency that act by gold their strategy was twofold first of all cause a series of panics to try to convince the american people that only centralized control of the money supply could provide economic stability and secondly remove so much money from the system that most americans would be so desperately poor that they either wouldn't care or would be too weak to oppose the bankers in eight hundred sixty six there was one point eight billion dollars in currency in circulation in the united states about fifty dollars and forty six cents per capita and eight hundred sixty seven alone half a billion dollars five hundred million dollars was removed from the us money supply ten years later and eight hundred seventy six america's money supply was reduced to only six hundred million dollars in other words two thirds of america's money had been called in by the bankers only fourteen dollars and sixty cents per capita remained in circulation ten years later the money supply had been reduced to only four hundred million dollars even though the population had boomed the result was that only six dollars and sixty seven cents per capita remained in circulation a seven  hundred sixty percent loss in buying power over twenty years today economists try to sell the idea that recessions and depressions are a natural part of something they call the business cycle the truth is our money supply is manipulated now just as it was before and after the civil war how did this happen how did money become so scarce semple bank loans were called then and no new ones were given in addition silver coins were melted down in eighteen seventy two a man named ernest said was given one hundred thousand pounds about five hundred thousand dollars by the bank of england and sent to america to bribe necessary congressman to get silver the monetized he was told that if that was not sufficient to draw an additional hundred thousand pounds or as much more as was necessary the next year congress passed the coinage act of eight hundred seventy three and the minting of silver dollars abruptly stopped in fact representative samuel hooper introduced a bill in the house acknowledged that mr sad actually drafted the legislation but it gets even worse than that an eight hundred seventy four sad himself and knitted home was behind th done by eight hundred seventy three gold coins were the only form of coin money but the contest over control of america's money was not yet over only three years later and eight hundred seventy six with one third of america's workforce unemployed the population was growing restless people were clamoring for a return to the greenback money system of president lincoln or a return to silver money anything that would make money more plentiful that year congress created the united states silver commission to study the problem their report clearly blamed the monetary contraction on the national bankers the report is interesting because it compares the deliberate money contraction by the national bankers after the civil war to the fall of the roman empire the disaster of the dark ages empire to one billion eight hundred million dollars by the end of the fifteenth century it had shrunk to less than two hundred million dollars history records no other such disastrous transition despite this report by the silver commission congress took no action the next year eight hundred seventy seven riots broke out from pittsburgh to chicago the torches a starving band also lit up the sky the bankers huddled to decide what to do they decided to hang on now that they were back in control to a certain extent they were not about to give it up at the knitting of the american bankers association that year they urged their membership to do everything in their power to put down the notion of a return to greenbacks the a b a secretary james bill authored a letter to the members which blatant link calls on the banks to subvert not only congress but the press not willing to oppose the government issue of money to repeal the act creating banknotes or to restore circulation the government issue of money will be to provide the people with money and will therefore seriously affect our individual profits as bankers and lenders so your congressman wants and engage him to support our interests that we may control legislation as political pressure mounted in congress for change the press trying to turn the american people away from the to the new york tribune put it this way on january tenth eight hundred seventy eight the capital of the country is organized at last and we will see whether congress won't dare to fly in space but it didn't work entirely on february twenty eighth eight hundred seventy eight congress passed the sharon law allowing the minting of a limited number of silver dollars ending the five year hiatus this did not in gold backing of the currency however no i did it completely free silver previous to eighteen seventy three anyone who brought silver to the u s mint could have  stock in the silver dollars free of charge no longer but at least some money began to flow back into the economy again with no further threat to their control the bankers loosened up on loans and the post civil war depression was finally ended three years later the american people elected republican james garfield president garfield understood how the economy was being manipulated as a congressman he had been chairman of the appropriations committee and was a member of banking and currency after his inauguration he slammed the money changers publicly and eighteen eighty one whoever 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 minutes the top you will not have to be told how periods of inflation and depression originate unfortunately within a few weeks of making the statement on july second of eighteen eighty one was assassinated the money changers were gathering strength fast they began a periodic policing of the flock as they called it by creating economic booms followed by further depressions so they could buy up thousands of honks and farms for pennies on the dollar and eighty ninety one the money changers prepared to take the american economy down again and their methods and motives were laid out with shocking clarity in a memo set out by the american bankers association the a b a an organization in which most bankers were members notice that this memo called for bankers to create a depression on a certain day three years in the future according to the congressional record here is how it read in part on september first eight hundred ninety four we will not renew our loans under any consideration on september first we will demand our money we will foreclose and become mortgagees in possession we can take two thirds of the farms west of the mississippi and thousands of them east of the mississippi as well at our price then the farmers will become tenants as in england these depressions could be controlled because america was on the gold money standard since gold is there it's one of the easiest commodities to manipulate people wanted silver money legalized again so they could escape the stranglehold the money changers had on gold money people wanted silver money reinstated reversing mr sads act of eight hundred seventy three by then called the crime of seventy three by eighty ninety six the issue of more silver lining had become a central issue in the presidential campaign when young jennings bryan a senator from nebraska ran for president as a democrat on the frame the silver issue at the democratic national convention in chicago he made an emotional speech which won him the nomination and titled crown of thorns and cross of gold  brian was only thirty six years old at the time this speech is widely regarded as the most famous oration ever made before a political convention and the dramatic conclusion bryant said the resulting contest was among the most fiercely contested presidential races in american history bryan made over six hundred speeches in twenty seven states then they can only campaign got manufacturers industrialists to inform their weight but fell short each time during the one hundred twelve democratic convention brian was a powerful thing you helped woodrow wilson win the nomination when wilson became president he appointed brian as secretary of state but brian film became disenchanted with the wilson administration brian served only two years in the wilson administration before resigning in one hundred fifteen over the highly suspicious sinking of the l a the event which was used to drive america into world war one although william jennings bryan never gained the presidency its efforts delayed the money changers for seventeen years from attaining their next  new privately owned central bank for america now it was time for the money changers to get back to the business of a new private central bank for america during the early one nine hundred men like j p morgan led the charge one final panic would be necessary to focus the nation's attention on the supposed need for a central bank the rationale was that only a central bank can be prevented bank failures morgan was clearly the most powerful banker in america and a suspected agent for the rothschilds morgan had helped finance john d rockefeller standard oil empire he had also helped finance the monopolies of edward harriman and railroads of andrew carnegie and steel and of others and numerous industries but on top of that j p morgan's father junius morgan had been america's financial agent to the british after his father's death j p morgan took on a british partner edward grant fellow longtime director of the bank of england in fact upon morgan's death his est contained only a few million dollars the bulk of the securities most people thought he owned were in fact owned by others in one thousand no two president theodore roosevelt allegedly went after morgan and his friends by using the sherman antitrust act to try to break up their industrial monopolies actually roosevelt did very little to interfere in the growing monopolization of american industry by the bankers and their surrogates for example roosevelt supposedly broke up the standard oil monopoly but it wasn't really broken at all it was merely divided into seven corporations all still controlled by the rockefeller's the public was aware of this thanks to political cartoonists like thomas nast who referred to the bankers as the money trust by nineteen zero seven zero after teddy roosevelt's re election in oregon decided it was time to try for a central bank again using their combine financial muscle morgan and his friends were secretly able to crash the stock market thousands of small banks were vastly overextended on have reserves of less than one percent thanks to the fractional reserve principle within days bank runs were commonplace across the nation now morgan stepped into the public arena and offered to prop up the faltering american economy by supporting failing banks with money he manufactured out of nothing it was an outrageous proposal far worse than even fractional reserve banking but congress let him do it morgan manufactured two hundred million dollars worth of this completely reserve less private money and bought things with it paid for services with it and sent some of it to his branch banks to lend out at interest his plan worked soon the public to regain confidence in money in general and quit hoarding their currency but as a result banking power was further consolidated into the hands of a few large banks by nineteen zero eight the panic was over and morgan was hailed as a hero by the president of prince economics textbooks with later explained that the creation of the federal reserve system was the direct result of the panic of nineteen zero seven quote whether it's all are made up and down like a bank failure the country with that up once and for all with on stable private banking close quote but minnesota congressman charles a lindbergh's saner the father of the famous aviator lucking lending later explained that the patika nineteen zero seven was really just a sca those not favorable to the money trust could be squeezed out of business and the people frightened into bending changes in the banking and currency laws which the money trust would bring so since the passage of the national bank act of eight hundred sixty three the money changers had been able to create a series of booms and busts the purpose was not only to fleece the american public of their property but to later claim that the banking system was basically so unstable that it had to be consolidated into a central bank once again after the crash teddy roosevelt in response to the panic of one thousand seven signed into law a bill creating something called the national monetary commission the commission was to study the banking problem and make recommendations to congress of course the commission was packed with morgan's friends and cronies the chairman was a man named senator nelson aldrich from rhode island aldrich represented the newport rhode island homes of america's richest banking families his daughter mary john d rockefeller jr and together they had five sons john nelson who had become vice president in one nine hundred seventy four lawrence up and david the head of the council on foreign relations and former chairman of chase manhattan bank as soon as the national monetary commission was set up senator aldrich immediately embarked on a two year tour of europe where he consulted at length with the private central bankers in england france and germany the total cost of his trip alone to the taxpayers was three hundred thousand dollars an astronomical sum in those days shortly after his return on the evening of november twenty second one thousand and ten some of the wealthiest and most powerful men in america boarded senator aldrich's private rail car and in the strictest secrecy journey to this place jekyll island off the coast of georgia with the group came paul warburg robert had been given a five hundred thousand dollar per year salary to lobby for the passage of a privately owned central bank in america by the investment firm kuhn loeb and company robert's partner in this firm was a man named jacob schiff the grandson of the man who shared the green shield house with the rothschild family in frankfurt shift as will find out later was in the process of spending twenty million dollars to finance the overthrow of those are in russia these three european banking families the rothschilds the warbirds and the ships were interconnected by marriage down through the years just as there are american banking counterparts the morgans rockefeller's and all bridges were secrecy was so tight that all seven primary participants were cautioned to use only first names to prevent servants from learning their identities years later one participant frank vanderlip president of national city proof as any conspirator discovery we do simply must not happen or else all our time and effort would be wasted if it were to be exposed with our particular group got together and written a banking bill that bill would have no chance what of passage by congress the participants came here to figure out how to solve their major problem how to bring back a privately owned central bank but there were other problems that needed to be addressed as well first of all the market share of the big national banks was shrinking fast in the first ten years of the century the number of u s banks had more than doubled to over twenty thousand article for passage of this act the new york bankers could only dominate the reserves of new york no we were able to double the reserves of the entire country therefore something had to be done to bring these new banks under their control as john d rockefeller put it quote competition is sin closed secondly the nation's economy was so strong that corporations were starting to finance  expansion out of profits instead of taking out huge loans from large banks in the first ten years of the new century seventy percent of corporate funding came from profits in other words american industry was becoming independent of the money changers and that trend had to be stopped all refer to suppose knew that these problems could be hammered out into a workable solution but perhaps the biggest problem was a public relations problem the name of the new bank that discussion took place right here in this room one of the many conference rooms in the sprawling hotel today known as the club hotel aldrich believe that the word bank should not even appear in the name robert wanted to call the legislation the national reserve bill or the federal  the idea here was to give the impression that the purpose of the new central bank was to stop bank runs but also to conceal its monopoly character however it was aldrich egotistical politician who insisted it be called the aldrich bill after nine days of jekyll island the group dispersed the new central bank would be very similar to the old bank of the united states it would be given a monopoly over u s currency and create that money out of nothing how does the fed create money out of nothing it's a four step process but first a word on bonds bonds or simply promises to pay or government ious people buy bonds to get a secure rate of interest at the end of the term of the bond the government repays the bond plus interest and the bond is destroyed there are about three point six trillion dollars worth of these loans or bonds that present now here is the fed money making process step one the federal open market committee approves the purchase of u s bonds on the open market stuff to the bonds are purchased by the fed from whoever is offering them for on the open market step three the fed pays for the bonds with electronic credits to the seller's bank which in turn credits the seller's bank account the trick is that these credits are based on nothing the f just create some stuff for the banks use these deposits as reserves they can loan out over ten times the amount of their reserves to new borrowers all at interest in this way said purchase of a million dollars worth of bonds gets turned into over ten million dollars in bank accounts the said in effect create ten percent of this totally new money and the banks create the other ninety percent to reduce the amount of money in the economy the process is just reversed the fed sells bonds to the public and the money flows out of the purchasers local bank loans must be reduced by ten times the amount of the sale so a fed sale of a million dollars and bonds results and ten million dollars less money in the economy so how does this benefit the bankers whose representatives hoddle the first it totally misdirected banking reform efforts from proper solutions second it prevented a proper debt precision of a government finance like lincoln's greenbacks from making a comeback the bond based system of government financed forced on like an after he created greenbacks was now cast in stone there it delegated to the bankers the right to create ninety percent of our money supply based on only fractional reserves which they then loan out at interest for it centralized overall control of our nation's money supply in the hands of a few men there it established a central bank with a high degree of independence from effective political control soon after its creation the feds great contraction in the early one nine hundred thirty s cause the great depression this independence has been enhanced since then through additional laws in order to fool the public into thinking the government retain control the plan called for the fed to be run by a broad of governors appointed by the president and approved by the senate but all the bankers had to do was to be sure that there are men got appointed to the board of governors that wasn't hard bankers have money and money buys influence over politicians once a participant jekyll island the public relations phillips was on the big new york banks put together in educational fund a five million dollars to finance professor with other panic necessary to intubate it to people overreach greed by the government to represent the people propose a plan for the trust stood the same they didn't have the votes to win in congress the republican leadership never brought the aldrich bill to a vote the bankers quietly decided to move to track to the democratic alternative they began financing woodrow wilson as the democratic nominee as respected historian james pearl off put it wall street financier bernard drew was put in charge of wilson's education broke wilson to the democratic party headquarters in the money changers were poised to install their privately owned central bank once again the damage president andrew jackson had done seventy six years earlier had been only partly repaired with the passage of the national bank act during the civil war since then the battle had raged on across the decades the jacksonian speaking the green backers who became the hard core supporters of william jennings bryan with brian leading the charge these during the presidential campaign the democrats were careful to pretend to oppose the aldrich bill as representative louis mcfadden himself a democrat as well as chairman of the house banking and currency committee explained it twenty article institution of the king's bank to control us from the top down and to shackle us from the cradle to the grave once wilson was elected morgana warburg but ruth and company advanced a new plan which warburg named the federal reserve system the democratic leadership hailed the new bill called the glass o and bill as something radically different from the aldrich bill but in fact the bill was virtually identical in every important detail in fact so vehement with the democratic denials of similarity that paul roberts the father of both bills had to step in to reassure his paid friends in congress that the two admission was for private consumption only publicly the money trust trotted out senator aldrich and frank vanderlip the president of rockefeller's national city bank of new york and one of the jack o islands seven to oppose the new federal never the less it's essential points were contained in the plan that finally was adopted as congress and you had a vote they called ohio attorney alfred crozier to testify crozier noted the similarities between the all that's bill and the glass on the program is just what the street and the big banks for twenty five years have been striving for profit instead of public control of currency it the glass on dual does this as completely as the old ritual both measures rob the government and the people of all effective control over the public's money best in the banks exclusively the dangerous power to make money among the people scares during the debate on the measure senators complained that the big banks were using their financial muscle to influence the outcome of their bankers in this country who are enemies of the public welfare said one senator who got an understatement despite the charges of deceit and corruption the bill was finally snuck through the senate on december twenty second nineteen thirteen after most senators had left town for the holidays after having been assured by the leadership that nothing would be done bill the invisible government by the mum of three power will be legalized the people may not know the media leave but the day of reckoning is only a few years removed the worst legislative crime of the ages is perpetrated by this banking bill on top of all this only weeks earlier congress had finally passed a bill legalizing income tax why was income tax law  because bankers finally had in place a system which would run up and virtually unlimited federal debt how would the interest on this debt be repaid never mind the principle remember of privately own central bank creates the principle out of nothing the federal government was small then after then it had subsisted merely on tariffs and excise taxes no just as with the bank of england interest payments had to be guaranteed by direct taxation of the people the money changers knew that if they had to rely on contributions from the states then surely the individual state legislatures would revolt and if the refused to pay the interest on their own money or at least bring political pressure to bear to keep the debt small it is interesting to know that an eight hundred ninety five the supreme court had found a similar income tax law to be unconstitutional the supreme court even found a corporate income tax law unconstitutional in one thousand and nine as a result senator aldrich hustled a bill for a constitutional amendment allowing income tax through the congress the proposed sixteenth amendment to the constitution was then sent to the state legislatures for approval but some critics claim that the sixteenth amendment was never ratified by the necessary three quarters of the states in other words the sixteenth amendment may not be legal but the money changes when obama to debate the fine points doc telfer of one hundred thirteen senator aldrich had hustled the income tax bill through congress without the power to tax the people directly and bypass the state the federal reserve bill would be far less useful to those who wanted to drive america deeply into their debt a year after the passage of the federal reserve bill congressman limbering explain how the fed created what we have come to call the business cycle and how they use it to their advantage to cause high prices all the federal reserve board will do will be to lure the rediscover rate producing an expansion of credit and a rising stock market then when business men urge us to do these conditions it can check prosperity in mid career by arbitrarily raising the rate of interest it can cause the pen to them of a rising and falling market to swing gently back and forth by slight changes in the discount rate or cause by item 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 strangest most dangerous advantage ever placed in the hands of the special privileged class by any government that ever existed 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 the vamps when to create panics to their advantage they also know when to stop panic deflation work equally well for them when they control finance congressman lindbergh was correct on all points what he didn't realize was that most european nations had already fallen prey to the central bankers decades or centuries earlier but he also mentions the interesting fact that only one year later the fed had cornered the market in gold this is how he put it quote already the fed reserve banks have cornered the gold and gold certificates close quote but congressman lindbergh was not the only critic of the fed congressman lewis mcfadden the chairman of the house banking and currency committee put it this way in the united states we have in effect two governments we have a duty constituted government then we have an independent uncontrolled and uncoordinated government in the federal reserve system operating the people was which are we to congress by the constitution even the inventor of the electric light thomas edison joined the fray in criticizing the system of the dollar bond it can issue a dollar bill the element that makes the bond good makes the bill good also the difference between the bond in the bill is the bond but money brokers collect twice the amount of the bond and an additional twenty percent whereas the currency pays nobody but those who contribute directly in some useful way it is absurd to say that our country can issue thirty million dollars in bonds and not thirty million dollars in currency both are promises to pay but one promise fattens the users and the other helps the people three years after the passage of the federal reserve act even president well sent began to have second thoughts about what intent on least during his first term in office 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 arrests of a small group of dominant men some of the biggest men of the united states in the field of commerce and manufacture are afraid of something they know that there is a power somewhere so organized so subtle so watchful so interlocked so complete so pervasive that they better not speak above their breath when they speak in before his death in one nine hundred twenty four president wilson realize the full extent of the damage he had done to america when he confessed i have on the wedding only ruined my government so finally the money changers those who profit by manipulating the amount of money in circulation had their privately own central bank installed again in america the major newspapers which they also own hate old passage of the federal reserve act of  thirteen telling the public that now depressions could be scientifically from about it the fact of the matter was that now depressions could be scientifically created power was now centralized to a tremendous extent now it was time for a war a really big war in fact the first world war of course to the central bankers the political issues of war don't matter nearly as much as the profit potential and nothing creates debts like warfare england was the best example at that time during the one hundred nineteen year period between the founding of the bank of england and the  at waterloo england had been at war for fifty six years and much of the remaining time she'd been preparing for war in world war one the german rothschilds loan money to the germans the british off jobs  british and the french rothschilds loaned money to the french in america j p morgan was the sales agent for war materials to both the british and the french in fact six months into the war morgan became the largest consumer on earth spending ten million dollars a day his offices here twenty three wall street were mobbed by brokers and salesmen trying to cut a deal in fact it got so bad that the bank had to post guards at every door and at the partners homes as well many other new york bankers made out as well from the war president wellstone appointed bernard baruch to head the war industries board according to a stor james poor law both for rupert and the rockefeller's profited by some two hundred million dollars during the war but profits were not the only motive there was also revenge the money changers never forg of lincoln during the civil war also russia was the last major european nation to refuse to give in to the privately own central bank scheme three years after world war one broke out the russian revolution toppled bizarre and installed the scourge of communism jacob schiff of cumin loeb and company reg from his deathbed that he had spent twenty million dollars towards the defeat money was funneled from england to support the revolution as well why would some of the richest men in the world financially back communism the system that was hoping only vowing to destroy the so called capitalism that made them wealthy researcher gary allen explained it this way if one understands that socialism is not a sure the will program but is in reality a method to consolidate and control  feed the ambitions of the power hungry political conspirators who were committed to the overthrow of all the existing governments and the establishment of a simple world dictatorship but what if these revolutionaries get out of control and try to seize power from the super rich after all it is now it's a tongue the nineteen thirty eight stated his position concerning power political power goes out of the barrel of a gun the last three london access elected to take the risk the master plan attempted to control revolutionary communist groups by baiting them vast quantities of money when they obeyed and contract in their money supply or even financing their opposition if they got out of control lenin began to understand that although he was the absolute dictator of the new soviet union he was not polling the financial strength as someone else was silently in control who is behind it representative lewis t mcfadden the chairman of the house banking and currency committee throughout the night payne twenty s and into the great depression years of an i ten thirty eight explained it this way the course of russian history has  been greatly affected by the operations of international bankers the soviet government has been given united states treasury problems by the federal reserve board acting through the chase bank england has drawn money from us through the federal reserve banks and has relented at high rates of interest to the soviet government satori dam was built with funds under lawfully taken from the united states treasury by the corrupt and dishonest federal reserve board and the federal reserve banks in other words the fad and the bank of england at that the hast of the international bankers who control them were creating a monster one which would deal seven decades of unprecedented communist revolution warfare and most importantly debt in case you think there's some chance that the money changers got communism going on that lost control hundred ninety two the washington times reported that russian president boris yeltsin was upset that most of the incoming foreign aid was being siphoned off quote straight back into the coffers of western banks in debt service close quote no one in his right mind would claim that a war as large as world war one had a single cause wars are complex things with many causative factors but on the other hand it would also be equally foolish to ignore as a prime cause of world war one those who would profit the most from the war the role of the money changers is no wild conspiracy theory they had a motive short range self serving motive as well as a long range political motive of advancing to attala tarion governments with the money changers maintaining the financial clout to control whatever politician might emerge as the leader next we'll see what the money changers ultimate political goal is for the world shortly after world war one the overall political agenda of the money changers began to be clear now that they controlled national economies individually the next step was the ultimate form of consolidation world government the new world government proposal was given top priority at the paris peace conference after world war one it was called the league of nations but much to the surprise of paul warburg and bernard baruch who attend peace conference with president wilson the world was not yet ready to dissolve national boundaries nationalism still beats strong in the human breast for example lord curzon the british foreign secretary called the league of nations a good job even though it was the state of the british government to support it for the humiliation of president wilson the us congress wouldn't ratify the league either despite the fact that it had been ratified presidential election of one nine hundred twenty republican warren harding won a landslide victory with over sixty percent of the vote harding was an ardent photo of both bolshevism and the league of nations his election which opened a twelve year run of republican presidents and the white house led to an unprecedented era of prosperity known as the roaring twenty's despite the fact that the war had brought america death ten times larger than it civil war death still the american economy surged gold had poured into the country and it continued to do so afterwards in the early one nine hundred twenty s the governor of this bank the federal reserve bank of new york a man named benjamin strong that frequently with the secretive and eccentric governor of the bank of england montague norman norman was determined to replace the gold england had lost to the us during world war one and return the bank of  to its former position of dominance in world finance on top of that rich with gold the american economy might get out of control again just like it had done after the civil war during the next  years under the president sees of harding and coolidge the huge federal debt build up during world war one was cut by thirty eight percent down to sixteen billion dollars the greatest percentage drop in u history during the election of nineteen twenty one harding and calvin coolidge ran against james cox the governor of ohio and the little known franklin d roosevelt who had previously risen to no higher post than president wilson's assistant secretary of the navy after his inauguration party moved quickly to formally fill the league of nations then he quickly moved to reduce domestic taxes while raising tariffs to record heights now this was a revenue policy of which most of the founding fathers would certainly have approved his second year in office harding took ill on a train trip in the west and suddenly died although no autopsy was perform economy grew at such a rate that net revenue still increase now that had to be stopped so just as they've done so frequently before the money changers decided it was time to crash the american economy the federal reserve began flooding the country with money they increased the money supply by sixty two percent during these years money was plentiful this is why it was known as the roaring twenty's before his death in  hundred former president teddy roosevelt won the american people what was going on as reported in the march twenty seventh one thousand nine hundred twenty two edition of the new york times roosevelt said these international bankers and rockefeller standard oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government just one day before the new york times the mayor of new york john hyland quoted roosevelt and blasted those he saw as taking control of america its political machinery and its press their warning of theodore roosevelt has much timeliness today for the real menace of our republic is this invisible government which like  giant octopus balls that 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 created for the public protection to depart from mere generalisations 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 the international bankers the little coterie of powerful international bankers virtually run the united states government for their own selfish purposes they practically control both parties right political platforms make catspaws of party leaders use the leading min of private organizations and resort to every device to place a nomination for high public office only such candidates as well be a minimal to the dictates of corrupt big business these international bankers and rockefeller standard oil interests control the majority of newspapers and magazines of this country why didn't people listen to such strong warnings and demand that congress reverse its nine hundred thirteen passage of the federal reserve act because remember it was the one nine hundred twenty s a steady increase in bank loans contributed to a rising market in other words just as it is today in times of prosperity no one wants to worry about economic issues but there was a dark side to all this prosperity business has expanded and became strong out on credit speculation in booming stock market became rampant although everything looks rosy it was a castle made of sand when all was in readiness in april of one nine hundred twenty nine paul warburg the father of the federal reserve sent out a secret advisory warning his friends that a collapse and nationwide depression was certain in august of one nine hundred twenty nine the fed began to tighten money it is not a coincidence that the biographies of all the wall street giants of that era john d rockefeller j p morgan joseph kennedy bernard baruch etc all marvel that they got out of the stock market just before the crash and put all their assets in cash or gold cover their loans no matter what price they had to sell them for as a result the market tumbled and that day was known as black thursday according to john kenneth galbraith writing in the great crash  at the height of the selling frenzy bernard churchill into the visitors gallery of the new york stock exchange here to witness the panic and impress him with this power over the wild events down on the floor congressman lewis mcfadden chairman of the house committee on banking and currency from one nine hundred twenty to one nine hundred thirty one knew who to blame he would use the fed and the international bankers orchestrating the cras it was not accidental it was a carefully contrived occurrence the international bankers sought to bring about a condition of despair here so quickly might emerge as rulers of us all went even farther he openly accused them of causing the crash in order to steal america's gold in february nine hundred thirty one in the midst of the depression he put it this way i think it can hardly be disputed that the streets with them fine and sewers of europe are ready to take almost any means to reacquire rapidly the gold strike which europe lost to america as the result of world war one a broker for lehman brothers was on the floor of the new york stock exchange the day of the crash in his nine hundred seventy book f d r my exploited father in law he explained that the crash was triggered by the planned sudden shortage of car money in the new york money market actually it was the calculated suring of the public by the world money powers triggered by the plans of the shortage of cold money in the new york money market within a few weeks three billion dollars of wealth simply seemed to vanish within a year fourteen billion dollars had been lost but did it really  disappear or was it simply consolidated in your hands joseph p kennedy is worth for example grew from four million dollars and nine hundred twenty nine to over one hundred million dollars by nine hundred thirty five and what did the federal reserve do instead of moving to help the economy out by quickly lowering interest rates to stimulate the economy the fed continued to brutally contract the money supply further deepening the depression between one nine hundred twenty nine and one nine hundred thirty three the fed reduce the money supply by an additional thirty three percent although most americans have never heard that the fed was the cause of the depression this is well known among economists milton friedman the nobel prize winning economist now at stanford university said the same thing in a national public radio interview in january of one nine hundred ninety six the federal reserve definitely caused the great depression by contracting the amount of currency in circulation by one third from one nine hundred twenty nine to nine hundred thirty three but the money lost by most americans during the depression didn't just vanish it was just redistributed into the hands of those who had gotten out just before the crash and had purchased gold which is always a safe place to put your money just before a depression but america's money also went overseas incredibly as president hoover was heroically trying to rescue banks and prop up businesses with millions of americans starving as the great depression deepened millions of dollars  being spent rebuilding germany from damage sustained during world war one eight years before hitler would invade poland representative louis mcfadden chairman of the house banking and currency committee war d congress that americans were paying for hitler's rise to power after world war one germany fell into the hands of the german international bankers those bankers bought her and they now own her lock stock and barrel they have purchased your industries they have mortgages on her soil they control her production they control all her public utilities the international german bankers have subsidize 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 bruni when bruni in fails to abate the orders of the german international bankers hitler is brought forth to scare the germans into submission through the federal reserve board over thirty billions of dollars of american money has been pumped into germany you  heard of the spending that's taken place in germany modernistic dwellings her great planetariums her gymnasiums her swimming pools her fine public highways her perfect factories all this was done on our money all this was given to germany through the federal reserve board the federal reserve board has pumped so many billions of dollars into germany that they dare not name the total in his last year in office hoover desperately put forward a plan to bail out the failing banks but he needed support from the democratic congress and that was not to be had that same year franklin d roosevelt was swept into office during the one nine hundred thirty two presidential election once roosevelt was in office however sweeping emergency banking measures were immediately announced which did nothing but increase the fed's power over the money supply then and only then did the fed finally begin to loosen the purse strings and feed new money out to the starving american people at first roosevelt railed against the money changers as being the cause of the depression believe it or not this is what he said on march fourth one thousand nine hundred eighty three and its inaugural address practices of the unscrupulous money changers stand indicted in the court of public opinion rejected by the hearts and minds of men the money changers have fled from their high seats in the temple of our civilization but two days later roosevelt declared a bank holiday and closed all banks later that year roosevelt outlawed private ownership of all gold bullion and all gold coins with the exception of rare coins most of the gold  the hands of the average american was in the form of gold coins the new decree was in effect a confiscation those who didn't comply risk as much as ten years in prison and a ten thousand dollar fine the equivalent of one hundred thousand dollars today out in small town america some people didn't trust roosevelt's order many were torn between keeping their hard earned wealth or obeying the government those who did turn in their gold were paid the official price for twenty dollars and sixty six cents per ounce so unpopular was the confiscation order that no one anywhere in government would take credit for offering it no congressman claimed at the signing ceremony president roosevelt made it clear to all present that he was not the author of it and publicly stated that he had not ever read it even a secretary of the treasury said he'd never read it either it was quote what the experts want it roosevelt convince the public to give up their gold by saying that pulling the nation's resources was necessary to get america out of the depression with great fanfare hundred thirty seven the gold began to flow into it the rip off of the ages was about to proceed and nine hundred thirty five once the gold had all been turned in the official price of gold was suddenly raised to thirty five dollars per ounce but the catch was only foreigners could sell their gold at the new higher price the money changers who had heeded warbirds notes and gotten out of the stock market just before the crash and bought gold at twenty dollars and sixty six cents per ounce then shifted to london could now bring it back and sell it back to the government nearly doubling their money well the average american starved the fort knox and depository sits here in the middle of the fort knox military reservation thirty miles southwest of louisville kentucky this is as close as we were permitted to get to the depository despite years of letters from members of congress to allow our film crew inside the four acre ground immediately surrounding the building are guarded mine electrified fence and open lot and four machine gun armed guard till boxes at the structures corners when the gold again arriving on january thirteenth nineteen thirty seven there was one president of security thousands of official guests want the arrival of a nine car train from philadelphia guarded by armed soldiers postal inspectors think a serviceman and dies from the u s mint it was all great then are americans goals to fly from across the land have been pulled supposedly for the public benefit and then safely tucked into fort knox but all that security would soon invariants by the government itself now the stage was set for a really big war one which would pile of debt far beyond that of world war one american taxpayer picked up fifty five percent of the total our lives cost of the war but equally important virtually every nation involved in world war two greatly multiplied their debt in the u s for example federal debt went from forty debt grew five hundred eighty three percent and canadian debt soared four hundred seventeen percent after the war the world was now divided into two economic camps communist command economies on the one hand versus monopoly capitalist on the other set to fight it out in one perpetual and highly profitable arms race it was finally time for the central bankers to embark in earnest on their three step plan to centralize economic systems of the entire world and finally bring about a global government or new world order the phases of this plan were step one central bank domination of national economies worldwide step to centralize regional economies through organizations such as the european monetary union and regional trade unions such as an after step three central was the world economy through world central bank or world money and ending national independence to abolition of all terrorists by treaties like gap step one was completed long ago steps two and three are far danced nearing completion what about gold among central banks the largest holder of gold is now the i m f yet and central banks now control two thirds of the world's gold supply giving them the ability to manipulate the gold market remember the money change golden rule he who has the gold makes the rules but before we get into solutions to our problem let's take a look at what happened to all that gold in fort knox because if we don't understand that the gold has been stolen then when the crash comes will allow ourselves to be stampeded into the wrong solution of gold backed currency most americans still believe that the gold is still here at fort knox at the end of world war two fort knox contains over seven hundred million ounces of gold an incredible seventy percent of all the gold in the world how much are they is no one knows the site the fact that federal law requires an annual physical  three where did america's gold in fort knox go over the years it was sold off to european money changers at the thirty five dollars per ounce price remember this was during a time when it was illegal for americans to buy any of their own gold from fort knox in fact there was a very infamous case where the firestone family set up a string of dummy corporations to purchase fort knox gold and keep it in switzerland never hitting us yours they were eventually caught however and successfully prosecuted finally by nine hundred seventy one all the pure gold had been secretly removed from fort knox drained back to london once the gold was gone from fort knox president nixon closed the gold window by repealing roosevelt's gold reserve back in one nine hundred thirty four finally making it legal once again for americans to buy gold naturally gold prices a mediately began to soar nine years later gold sold for eight hundred eighty dollars per ounce twenty five times what the gold in fort knox was so for one would think that eventually someone in the government would get wind of what was happening and blow the whistle the largest fortune in the history of the world stone shades of the old james bond film goldfinger well as a matter of fact ian fleming the author of the james bond series was head of the british counter intelligence service m i five some believe in the intelligence community that he wrote much of his fiction as a warning as many authors of fiction do if they remove all of all the good delivery gold from fort knox can be viewed as a deliberate raid on the us treasury and such an operation might well have been years in the making namely forty years certainly enough time for fleming to get wind of it and try to prevent it so just how did the story of the fort knox gold robbery get out it all started with an article in a new york periodical in hundred seventy four the article charge that the rockefeller family was manipulating the federal reserve to sell off ford knox gold at bargain basement prices to anonymous european speculator three days later the anonymous source of the story louis is often closs boyer mysteriously fell to her death from the window over tenth floor apartment in new york howard mrs boyer have known of the rockefeller connection to the fort knox gold heist she was the long time secretary of nelson rockefeller for the next fourteen years this man darrelle a wealthy ohio industrialist devoted himself to a quest for the truth concerning the fort knox call he wrote thousands of letters to over one thousand government and banking officials trying to find out how much gold was really left and where the rest of it had gone edith roosevelt the granddaughter of president teddy roosevelt questioned the actions of the government in a march one nine hundred seventy five edition of the new hampshire sunday news allegations of missing gold from our fort knox vaults are being widely discussed in european financial circles but what is puzzling is that the administration is not hastening to demonstrate conclusively that there is no cause for concern over our gold treasure if indeed it is in a position to do so unfortunately at doral never did accomplish his primary goal a full audit of the gold reserves in fort knox it's incredible that the world's greatest treasure has had little accounting or auditing this skull belonged to the american people not the federal reserve and their foreign owners one thing is certain the government could blow all of the speculation away in a few days with a well publicized audit under the syrian lights of media cameras it has chosen not to do so one must conclude that they are afraid of the truth such an audit would reveal what is the government so afraid of here's the answer when president ronald reagan took office in one nine hundred eighty one his conservative friends urged him to study the feasibility of returning to a gold standard as the only way to curb government spending it sounded like a reasonable alternative so president reagan appointed a group of men called the gold commission to study the situation and report back to congress what reagan's gold commission report back to congress in one nine hundred eighty two was the following shocking revelation concerning gold the u s treasury own no gold at all all the gold that was left in fort knox was now own to by the federal reserve a group of private bankers as collateral against the national debt the truth of the matter is that never before has so much money been stolen from the hands of the general public and put into the hands of a small group of private investors the money change i'm standing in front of the headquarters of the international monetary fund located in washington d c across the street right over there is the headquarters of the world bank what are these organizations and who controls them and most importantly are they about to create a huge worldwide depression let a step back in time for a moment to the aftermath of world war one people were tired of war so under the guise of peacemaking the international bankers devised a plan to consolidate power even further claiming only an international government would stem the tide of world wars the money changers pushed forward a proposal for world government which stood on three legs a world central bank to be called the bank of international settlements a world change to sherry to be called the world court located in the hague the netherlands and a world executive and legislature to be called the league of nations as president clinton's mentor georgetown historian carol quigley wrote in his one nine hundred sixty six book tragedy and hope the powers  financial capitalism had a far reaching plan nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole this system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements arrived at infrequent meetings and conferences apex of the system was to be the bank for international settlements in bail switzerland a private thing owned and controlled by the world central banks which were themselves private corporations each central bank sought to dominate its government by its ability to control treasury loans to manipulate foreign exchanges to influence the level of economic activity in the country and to influence co operative politicians by subsequent economic rewards in the business world despite intense pressure from the international bankers and the press a handful of u s senators led by senator henry cabot lodge kept the u s out of these games without u s participation the league was doomed incredibly even though the us rejected the world's central bank the b i yes the new york federal reserve ignored it government and arrogantly sent representatives to switzerland to participate in the central bankers meeting right up until nine hundred ninety four when the us was finally officially dragged into it their world government schemes thwarted the bankers resorted to the old formula another war to wear down the resistance to world government well reaping handsome profits to this in and wall street helped resurrect germany through the thess and banks which were affiliated with the harriman interest in new york just as the chase bank had assisted in the financing of the bolshevik revolution in russia during world war one chase bank was controlled by the rockefeller family subsequently it was merged with warburg manhattan bank to form the chase manhattan bank now this has merged with chemical bank of new york making it the largest wall street bank their strategy worked even before world war two was over world government was back on track hundred forty four at bretton woods new hampshire the international monetary fund and the world bank were approved with full u s participation the second league of nations renamed the united nations was approved in hundred five soon a new international court system was functioning as well all effect of opposition to these international bodies before the war had evaporated in the heat of war as planned these new organizations simply repeated on a world scale what the national banking act of eight hundred sixty four and the federal reserve act of nine hundred thirteen at a stablished in the u they created a banking cartel composed of the world's central banks which gradually assume the power to dictate credit policies to the banks of all the nations for example  federal reserve act authorized the creation of a new national currency called federal reserve notes the i m f has been given the authority to issue a world beyond money called special drawing rights or  ours to date the i m f has created in excess of thirty billion dollars worth of s t r's member nations are being pressured to make their currencies fully exchangeable for  mean it means that in the us as the r s are already a part of our lawful money and one of the gold s t r is are already partially backed by gold and with two thirds of world gold now in the hands of central the money changers can go about structuring the world's economic future in which ever way they deem most profitable keep in line just as the fed this is ruled by its board of governors the i m f is controlled by the say the fed and the bank of england affective control just as the fed controls the amount of money in the u s to be i asked i m f and world bank control the money supply for the world so we say the repetition of the old goldsmiths fraud replicated on the national scale with central banks like the fed and on the international scale by the three arms of the world central bank is this organization of the d i s the i m f and the world bank which we refer to collectively as the world's central bank presently expanding and contracting world credit yes regulations put into effect in one nine hundred eighty eight by the  require the world's bankers to raise their capital and reserves eighty percent of liabilities by nine hundred ninety two increased capital requirements put an upper limit to the fractional reserve lending similar to the way cash reserve requirements do what is the seemingly insignificant regulation made in the swiss city eight years ago meant to the world it means our banks cannot loan them more and more money to buy more and more time before the next depression as a maximum loan ratio is now set it means those nations with the lowest bank reserves and their systems have already felt the terrible effects of this credit contraction as their banks scramble to raise money to increase their reserves to eight percent to raise the money they had to sell stocks which depressed their stock markets and began the depression first in their countr japan which in one nine hundred eighty eight had among the lowest capital in reserve requirements and thus was the most affected by the regulation has experienced the financial crash which began almost immediately in one nine hundred eighty nine which is wiped a staggering fifty percent of the value of its stock market since one thousand nine hundred ninety and sixty percent of the value of its commercial real estate the bank of japan has lowered its interest rates to one half of one percent practically giving away money to resurrect the economy but still the depression worsens due to the twenty billion dollar us bailout of mexico the financial collapse in that nation is already known here yet despite the bailout the economy continues to be a disaster one debt after another is rolled over as new loans are being made simply to enable mexico to pay the interest on the old loans in the south of mexico the poor have been in open revolt as every spare peso is being siphoned out of the country to make interest payments it is important to note that a radical transfer of power is taking place as nations become subservient to a supra national world central bank controlled by a handful of the world's richest bankers as the i m f creates more and more s t this will give the world's central bank the power of economic life and death over these nations it will decide which nations will be permitted to receive further loans of s t r's and which nations will starve despite all the rhetoric about development and the alleviation of poverty the result is a steady transfer of wealth from the debtor nations to the money changers central banks which control the i m f and the world bank for example in one thousand nine hundred two the third world de nations which borrowed from the world bank paid one hundred ninety eight million dollars more to the central banks of the developed nations for world bank funded purposes than they received from the world bank all this increases their permanent debt in exchange for temporary relief of poverty caused by prior borrowings already these repayments exceed the amount of the new loans by nine hundred ninety two africa's external debt had reached a two hundred ninety billion dollars two and a half times greater than in one nine hundred eighty resulting in skyrocketing infant mortality rates and unemployment to tear ation of schools housing and the general health of the people the entire world faces the immeasurable suffering already destroying the third world and now japan all for the benefit of the money changers as one prominent brazilian politician put it the third world war has already started it is a silent war not for that reason any less sinister the war is tearing down brazil latin america and practically all the third world instead of soldiers dying the children it is a war over the third world debt one which has as its main weapon interest a weapon more deadly than the atom bomb more shattering than a laser beam although it would be absurd to ignore the pivotal role played by influential families such as the rothschilds the warbirds the ships the morgans and the rockefeller's in any review of the history of central banking and fractional banking in mind by now central banks and the large commercial banks are up to three centuries old and deeply entrenched in the economic life of many nations these banks are no longer dependent on clever individuals such as a nathan ross child years ago the question of ownership was important but no longer for example both the bank of england and the bank of france were nationalized after world war two and nothing changed nothing at all they endure and continue to grow now protected by numerous laws paid politicians and mortgage media untouched by the changing of generations three centuries have given them an aura of respectability the old school tie is now worn by the sixth generation son who's been raised in a system that he may never question as he is named to serve on the governing boards of countless felon for opic organizations to focus attention today on individuals or families or to attempt to sort out the current holders of power serves little useful purpose and would be a distraction from the cure the problem is far bigger than that it is the corrupt banking system that was and is being used to consolidate vast wealth into fewer and fewer hands that is our current economic problem change the names of the main players now and the problem will neither go away nor even miss a beat likewise among the hordes of bureaucrats working in the world bank central banks and international banks only a tiny fraction have any idea of what's really going on no doubt they'd be horrified to learn that their work is contributing to the terrible impoverishment and gradual in slave made of mankind to a few incredibly rich plutocrats so really there's no use in him for sizing the role of individuals anymore and the problem even transcends the normal spectrum of political right in the last both communism and socialism as well as monopoly capitalism have been used by the money changers today they profit from either side of the new political spectrum the big government welfare state on the so called left wing versus the neo conservative laissez faire capitalists who want big government totally out of their lives on the right wing either way the bankers win monetary reform is the most important political issue facing this nation that clarified let's proceed to the conclusions in the spirit lincoln declared with malice towards none with charity towards all at the start of this video we ask a number of troubling questions let's be sure we've answered them what's going to go on in america to do why are we over do it why can't the politicians bring under control ry are we over our heads in debt because we're laboring under a debt money system that is designed and controlled by private bankers now some will argue that the federal reserve system is a cause i governmental agency but the president appoints only two of the seven members of the federal reserve board of governors every four years and he appoints them to fourteen year terms far longer than his own the senate does confirm those appointments but the whole truth is that the president wouldn't dare appoint anyone to that board of whom wall street is not approved of course this does not preclude the possibility that some honorable men may be appointed to the board of governors but the fact is that the fed is specifically designed to operate independently of our government as are nearly all other central banks some argue that the fed promotes monetary stability we saw the current head of the bank of england eddie george claim that this was the most important role of the central bank in fact the fed's record of stabilizing the economy shows that to be a miserable failure in this regard within the first twenty five years of its existence the fed cause three major economic downturns including the great depression and for the last thirty years has shepherded the american economy into a period of unprecedented inflation again this is not some wild conspiracy theory it's a well known fact among top economists as nobel prize winning economist milton friedman put the stock of money prices and output was decidedly more unstable after the establishment of the federal reserve system than before the most dramatic period of instability in output was of course the period between the two contains as many as three such severe contractions this evidence persuades me that at least a third of the price rise during and just after world war one is attributable to the establishment of the federal reserve system and that the severity of each of the major contractions nineteen twenty twenty one thousand nine hundred twenty nine thirty three and one nine hundred thirty seven thirty eight is directly attributable to acts of commission and omission by the reserve authorities any system which gives so much power and so much discretion to a few men so that mistakes excusable or not can have such far reaching effects is a bad system it is a bad system to believe yours and freedom just because it gives a few men such power without any effective check by the body politic this is the key political argument against an independent central bank to paraphrase clem also money is much too serious a matter to be left to the central bankers we must learn from our history before it is too late why can't politicians control the federal debt because all our money is created out of debt again it's a debt money system are money is created initially by the purchase of u s bonds the public buys bonds like savings bonds the banks buy bonds foreigners buy bonds and when the fed wants to create more money in the system it buys bonds but pays for them with a simple bookkeeping injury which it creates out of nothing then this new money created by the fed is multiplied by a factor of ten by the banks thanks to the fractional reserve principle of the banks don't create currency they do create checkbook money or deposits by making new loans they even invest some of this created money in fact over one trillion dollars of this privately created money has been used to purchase u s bonds on the open market which provides the banks with roughly fifty two billion dollars in interest risk free each year less the interest they pay some depositors in this way through fractional reserve lending banks create over ninety percent of the money and therefore cause over ninety percent of our inflation what can we do about all this fortunately there's a way to fix the problem fairly easily speedily and without any serious financial problems we can get our country totally out of debt in one to two years by simply paying off these u s bonds with debt free us notes just like lincoln issue of course that by itself would create tremendous inflation since our currency is presently multiplied by the fractional reserve banking system but here's the ingenious solution advanced in part by milton friedman to keep the money supply stable and avoid inflation and deflation well the debt is retired as the treasury buys up its bonds on the open market with us notes the reserve requirements of your home town local bank will be proportionally raised so the amount of money in circulation remains constant as those holding bonds are paid off and us notes they will deposit this money that's making available the currency then needed by the banks to increase their reserves once all the us bonds are replaced with us notes banks will be at one hundred percent reserve banking instead of the fractional reserve system currently in use from this point on the former fed buildings will only be needed as a central clearing house for checks and as votes for us notes the federal reserve act will no longer be necessary and could be repealed monetary power can be transferred back to the treasury department there would be no further creation or contraction of money by banks by doing it this way our national debt can be paid off in a single year or so and the fed and fractional reserve banking abolished without national bankruptcy financial collapse inflation or deflation or any significant change in the way the average american goes about his business to the average person the primary difference would be that for the first time since the federal reserve act was passed in one nine hundred thirteen taxes would begin to go down now there is a real national blessing for you rather than for hamilton's banker friends now let's take a look at these proposals in more detail here are the main provisions of the monetary reform act which needs to be passed by congress we drafted a proposed monetary reform act which follows at the end of this tape of course variations with the same results would be equally welcome one pay off the debt with debt free u notes as thomas edison put it if the u s can issue a dollar bond it can issue a dollar bill they both rest purely on the faith and credit of the united states government this amounts to a simple substitution of one type of government obligation for another one bears interest the other doesn't federal reserve notes could be used for this as well but could not be printed after the feds abolished as we proposed so we suggest using us notes instead to abolish fractional reserve banking as the debt is paid off the reserve requirements of all banks and financial institutions would be raised proportionally at the same time to absorb the new us notes which would be deposited and become the banks increased reserves towards the end of the first year of the transition period the remaining liabilities of financial institutions would be assumed or acquired by the u government in a one time operation in other words they too would eventually be paid off with debt free us notes in order to keep the total money supply stable at the end of the first year or so all of the national debt would be paid and we could start enjoying the benefits of full reserve banking the fed would be obsolete an anachronism three repeal the federal reserve act thirteen and the national banking act of eight hundred sixty four these acts delegate the money power to a private banking monopoly they must be repealed and the money power handed back to the department of treasury where they were initially under president abraham lincoln no banker or person in any way affiliated with financial institutions should be allowed to regulate banking after the first two reforms these acts would serve no useful purpose an yway since they relate to a fractional reserve banking system for withdraw the us from the i m f that b i yes and the world bank these institutions like the federal reserve are designed to further centralize the power of the international bankers over the world's economy and the us must withdraw from them their harmless functions such as currency exchange can be accomplished either nationally or in new organizations limited to those functions such a monetary reform act would guarantee that the amount of money in circulation would stay very stable causing neither inflation nor deflation remember for the last three decades the fed has doubled the american money supply every ten years that fact and fractional reserve banking are the real causes of inflation and the reduction in our buying power a hidden  these and other taxes are the real reasons both parents now have to work just to get by the money supply should increase slowly to keep prices stable roughly in proportion to population growth about three percent per year not at the whim of a group of bankers meeting in secret in fact all future decisions on how much money will be in the american economy must be made based on statistics of population growth and the price level index the new monetary regulators and the treasury department perhaps called the monetary committee would have absolutely no discretion in this matter except in time of declared war this would ensure a steady stable money growth of roughly three percent per year resulting in stable prices and no sharp changes in the money supply to make certain the process is completely open and honest all deliberations would be probably not secret as meetings of the fed's board of governors are today how do we know this will work because these steps remove the two major causes of economic instability the fed and fractional reserve banking and the newest one as well the b i l s bank of international settlements but most importantly the danger of a severe depression would be a limited let's listen to milton friedman on the single cause of severe economic depressions i know of no severe depression in any country of any time that was not accompanied by a sharp decline in the stock of money and equally of no sharp decline in the stock of money that was not accompanied by a severe depression issuing our own currency is not a radical solution it's been advocated by presidents jefferson madison jackson van buren and  lincoln but it's been used at different times throughout europe as well perhaps the best example is one of the small islands off the coast of france in the english channel called guernsey it's been using debt free money issues to pay for large building projects for nearly two hundred years and this is the guns flower and vegetable market guernsey is one of the most successful examples of just how well a debt free money system in eight hundred fifteen a committee was appointed to investigate how best to finance this new market the impoverished island could not afford more new to accept them and trade with them to be sure they circulated widely they were declared to be good for the payment of taxes of course this idea was nothing new it was exactly what america had done before the american revolution and there are many other examples throughout the world but it was new to guernsey and it worked miracles this market is still in use and remember it was well for no reforms do away with their control of the world's economies as they have in the past but it is equally certain that congress has the constitutional authority and responsibility to authorize the issuance of debt free money u s notes and to reform the very banking laws it was early and acted on data lou the bankers will claim that issuing debt free money would cause severe inflation or make other dire predictions but remember it is fractional reserve banking which is the real cause of over ninety percent of all inflation not whether debt free us know it's are used to pay for government deficits and the current system any spending excesses on the part of congress are turned into more debt bonds and the ten percent purchased by the fed are then multiplied many times over by the bankers causing over ninety percent of all inflation our fractional reserve and debt based banking system is the problem we must ignore its inevitable resistance to reform and remain firm until the cure is complete as the director of the bank of england in the nineteenth twenties sir josiah stamp it referring to this modern fractional reserve banking system thanking as conceived in equity and born in sin bankers own the earth take it away from them but leave them the power to create money  control credit and with the flick of a pen they will create enough money to buy it back again take this great power away from the bankers and all great fortunes like mine will disappear and they ought to disappear for this would be a better and happier world to live in but if you want to continue the slaves of bankers and pay the cost of your own slavery let them continue to create money and to control credit americans are slowly figuring this out today over thirty two hundred cities and counties have endorsed the proposal of a nonprofit organization called sovereignty the sovereignty movement calls for congress to authorize the secretary of the treasury to issue ninety billion dollars per year of u s notes not federal reserve notes nor debt based bonds to loan money interest free to cities counties and school districts for needed capital improvements remarkably into their praise the community bankers association of illinois representing five hundred fifteen member banks has indorse this sovereignty proposal a good step in the right direction this brings us to another one of our questions posed at the first of this tape are we headed into an economic crash unprecedented proportions if so can we prevent it and what can we do to protect our families as milton friedman has repeatedly pointed out no severe depression can occur without a severe contraction of money in our system only the fed the bank of international settlements with us bankers cooperation or a combination of the largest wall street banks could cause a depression in other words our economy is so huge and resign yet depression just can't happen by accident unless we reform our banking system they will have that power they can pull the plug on our economy any time they choose the only solution is to abolish the fed and the fractional reserve banking system and withdraw from the  that will break the power of the international bankers over our economy and keep in mind a stock market crash itself cannot cause a severe depression only the severe contraction of our money supply can cause a severe depression the stock market crash in one nine hundred twenty nine only wiped out market speculators mostly the small to medium ones resulting in three billion dollars in wealth changing hands but it served as a smokescreen for a thirty three percent contraction in credit by the fed over the next four years which resulted in over forty billion dollars in wealth from the american middle class being transferred to the big ban then despite him potent howls of protest from a divided congress the end appendant fed kept the money supply contracted for a full decade only world war two ended the terrible suffering the f inflicted on the american people in a depression the remaining wealth of the debt burden american middle class will be wiped out by unemployment declining wages and the resulting foreclosures if we start t act three form our monetary system the money changers may do what they did in one nine hundred twenty nine and then the one nine hundred thirty s crash the stock market and use that as a smokescreen hawk and tracking the money supply but if we're determined to fight to regain control over our money we can come out of it fairly quickly perhaps in only a very few months as us notes begin to circulate and replace the money withdrawn by the bankers the longer we wait the greater the danger will permanently lose control of our nation but some still wonder why the international bankers would want to cause a depression wouldn't that be killing the goose that is currently laying all those golden interstate remember what larry bates said at the first of this videotape you see in periods of economic growth upheaval in economic crisis wealth is not destroyed it is merely transfer do we have any hints as to what the money changers have in store for us here's what david rockefeller the chairman of chase manhattan bank the largest raw street bank had to say we are on the verge of a global transformation all we need is the right major crisis in the nation will accept the new world order so crisis is needed to fulfill their plans quickly the only question is when the crisis will occur fortunately we probably have a little time it's unlikely that this crisis will occur before the one nine hundred ninety six elections but after that the danger begins rising but whether or not they decide to cause a crash or a depression through relate less increases in taxes and the loss of hundreds of thousands of jobs being sent overseas thanks to trade agreements such as gatt and now after the american middle class is an endangered species cheaper labor including slave labor and red china which harry wu has heroically documented is being used to compete with american labor in other words money is being consolidated in fewer and fewer hands as never before in the history of this nation or the world without reform the american middle class will soon be extinct leaving only the very rich few and the very many poor as has already occurred in most of the world we've been warned of all this by congressman presidents industrialists and economists down through the years religious leaders to have seen the danger about eight hundred ninety eight during the time of william jennings bryan pope the leader of the thirteenth put it this way on the one side 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 powerful represented in the councils of state itself on the other side there is the needy and powerless multitude store and suffering rapacious usury which although more than once condemned by the church is nevertheless under a different form but with the same guilt still practiced by average just and grasping men so that a small number of very rich men have been able to lay upon the masses of the poor yoke little better than slavery itself more recently during america's great depression pope pius the eleventh spoke of the same problem in our days not alone is wealth accumulated but immense power and despotic economic domination is concentrated in the hands of a few this power becomes particularly irresistible when exercised by those who because they hold in control money are also to govern credit and determine its allotment for this reason supply and so to speak the life blood to the entire economic body and grasping as it were in their hands the very soul of the economy so that no one breathe against their will but now let's get back to our original questions what can we do to protect our families during a depression first of all get out of debt if you can even if it means lowering your standard of living otherwise you stand to lose everything that is death finance secondly get liquid reduce your wealth to more liquid forms reduce your real estate assets for example if you own your own house outright then fine if not then sell other assets the pay it off for a worst case scenario consider putting some of your assets into old silver coins pre nine hundred sixty five silver coins are ninety percent silver from one nine hundred sixty five on they are not it's been said that during a severe depression a single silver dollar may be able to buy your family groceries for a week rather will old silver dollars become so valuable because most people are familiar with them they know they are of an assured weight and purity in that case owning just twenty to thirty silver dollars might mean the difference between your family making it or not through what is likely to be the worst time in u s history other forms of precious metals particularly gold are usually a good way to protect extra assets during a depression to but there are other things you can do you might consider foreign currency funds consider opening a swiss or austrian bank account or a foreign currency denominated bank account us bank if you can afford to diversify into all of them consider doing so educate your friends our country needs a solid group who really understand how our money is manipulated and what the solutions really are because if a depression comes there will be those who call themselves conservatives who will come forward advancing solutions framed by the international bankers beware of calls to return to a gold standard by simple because never before has so much gold been so concentrated outside of american hands and never before has so much gold been in the hands of international governmental bodies such as the world bank and international monetary fund in fact the i m f now holds more gold than any central bank a gold backed currency usually brings despair to a nation and to return to it would certainly be a fossil lucian in our case remember we had a gold backed currency in one nine hundred twenty nine and during the first four years of the great depression likewise be where any plans advanced for a regional or world currency this is the international bankers trojan horse educate your member of congress it only takes a few persuasive members to make the others pay attention most congressmen just don't understand the system some understand it but are so influenced by bank pac contributions that they ignore it not realizing the gravity of their neglect we hope we've made a valuable contribution to the national debate on monetary reform it remains for each man to do is duty consistent with this stage in life may god give us the light to help reform our nation and ourselves we say ourselves because ultimately the vast multitude of men are going to be driven more and more to desperation by the accumulation of the world's wealth in fewer and fewer hands men will tend to become like their oppressors selfish and greedy rather let's keep in mind during this period of reform a warning not to lose sight of greater things as pope pius the eleventh put it for what will it profit men that are more prudent distribution and use of riches make it possible for them to gain even the whole world if their by they suffer the loss of their own souls what will the profit to teach them sound principles in economics if they permit themselves to be so swept away by selfishness by unbridled and sordid greed that here in the commandments of the lord they do all things contrary