How Some Rich Bankers Tricked the American People and Gained Control of the World's Economic, Political, Legal and Educational Systems
政治, 法律和教育體制控制)

In 1910 nine rich bankers who represented approximately one quarter of the world’s wealth meet secretly to discuss and plan for a way for their families to grow even richer and more powerful.  It was done secretly, because if the public knew about it, it would never work.  They later even told of this meeting, and explained so themselves.  Almost 100 years later their plan has been so successful that they not only have accumulated great wealth, they have little by little used it to gain virtual control all large institutions of influence in the world – governments, banks, corporations, media sources, universities, etc.

1910 was a time when the U.S. was preventing monopolies or trusts, so large banks were quietly forming cartels to set policies and work together to control the market.  They could not do so openly. At that time, most people were saving up cash to buy homes without taking mortgages.  Businesses were also saving up their profits and expanding as their savings allowed.  It was a time of great freedom and prosperity.  Bankers, though, wanted a way to motivate more businesses to borrow money from them and increase their profits.  They also wanted to fight the trend for decentralization and keep their power in New York.

At the same time, the U.S. government wanted to spend more money without having to openly raise taxes.  Raising taxes usually means politicians do not get re-elected, so they figured out a way to do it without calling it a tax.  Together, with the help of the bankers, they would redefine money.  They would follow European countries in starting a central bank and gain more power to control the economy, but they would do it without calling it a central bank.  This was because most Americans knew that a central bank would eventually mean the end of financial freedom for the common man.  It would eliminate the centuries-old use of gold and silver to define monetary value.

For most of the history of the world, gold and silver have been the normal means of making cash transactions. Because they are scarce and precious metals, they have value in all parts of the world.  The value of gold has tended to remain constant over the long term throughout history.  For instance, 2000 years ago a Roman citizen could take an ounce of gold (worth about US$900 in 2008) and purchase a high quality toga, a hand-crafted leather belt and a fine pair of sandals.  Today, the same ounce of gold will buy a man a nice three-piece suit, a quality leather belt and a fine pair of leather shoes.

In 1913 when these nine bankers finally succeeded in gaining enough support in the U.S. congress to establish the Federal Reserve System, they had their central bank without having to call it a central bank.  The marriage of these large banks and the U.S. government has been a win-win situation for them, but it’s been a losing situation for the common American citizen.  Little by little, the value of his money has eroded, and it’s been washed away into the river of money flowing into the large bankers’ pockets.

How did those clever bankers pull it off?  It was a very clever plan.  By calling it Federal, it did not seem like a private venture, but it has benefited these private bankers tremendously.  It was supposedly designed to build up reserve capital for the country for use in times of difficulty, but in reality it didn’t do so.  It was supposedly a means to decentralize banking away from New York, but in actuality, it helped retain this center.  From the start, it was marketed as something to help every American, but in reality it has been a great scam.  It has allowed the Federal government to create money by writing checks without having to have actual gold or silver to back it up.  It has allowed bankers to charge interest on money that does not exist, and in the process take away a large part of the honest earnings the average man has saved up.  Those clever bankers paid clever economists to sell their ideas as truth for the financial world, so today most economists have been taught that borrowing and inflation are good.  Most economists do not believe that a government in debt, like a man in debt, must pay back in a painful way.

Proverbs 22:7 says, “The rich rule over the poor, and the borrower becomes slave to the lender.”  This has happened to individuals and businesses as they jumped to borrow money at what appeared to be low interest rates. It’s bad enough that amount of interest you pay on your house is two times the value of the materials and labor that went into the house.  It’s even worse when you can’t pay and the bank takes over ownership.  Most people will always trade freedom for financial security.  Even the U.S. government became slave to the bankers when it – along with many European governments – went bankrupt in 1930.  The bankers bailed them out, but the price was slavery.  The bankers gained control over policy-making and effectively gained control of the government.

Today, it’s not just the U.S. and Europe that are under the control of these powerful bankers.  Most of the world follows them.  With inflation constantly taking money out of people’s pockets and putting it into the banker’s pockets, the bankers have been able to give loans to poor third world countries and then later cancel the debts when those countries have been unable to repay.  Again, in the process, those governments submit to the will of the bankers.  All around the world they have also used the constant stream of cash inflow to purchase corporations, universities, newspapers, TV stations, magazines, etc. – any institution that has influence in the world.  Even institutions seemingly at odds with these bankers usually have a sell-off price, and the bankers have the means to pay that price.

Someone has said, “You can fool all the people some of the time, and you can fool some of the people all of the time, but you can’t fool all the people all the time.”  How about you?

Questions for Discussion

  1. Have you ever considered how much control the bankers have in the world today?

  2. Have you ever wondered why some economists seem to complicate whatever they say?

  3. Did you ever wonder why the media does not cover certain topics or mention certain people?

  4. Do you think there is a way to regain freedom from this system, or do you think we are heading for a one-world government?

  5. Do you trust these bankers to encourage good values on TV and in movies?

  6. If the value of paper money continues to go down, is there a limit in how low it can go?

  7. Why do the prices of gold and silver usually go up in times of economic trouble?

References and links for further study:

  This is a very brief summary of a talk/article called 'The Creature from Jekyll Island' by G. Edward Griffin.  This summary is public domain.
This web page was last updated on 20 September 2008 .
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