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How
Some Rich Bankers Tricked the American People and Gained Control of
the World's Economic, Political, Legal and Educational Systems |
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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
References and links for further study:
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| 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 . |
| Money, Finance and Investing | Some other helpful information |
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