Conflicts with the Stuart Kings led the money changers in England to combine with those in the Netherlands to finance the invasion of William of Orange who over-threw the Stuarts in 1688 and took the English throne.
The price was a government sanctioned privately owned Bank which could issue money created out of nothing. It was to be the worlds first privately owned Central bank.
Like any other Private corporation it sold shares to get started. The Investors, whose names were not revealed, were supposed to put up 1.25 million pounds and gold coin to buy their shares in the bank, but only 750, 000 pounds was ever received. Despite that, the bank was duly chartered in 1694 and started out in the business of loaning out several times the money it supposedly had in reserves, all at interest.
In exchange, the new bank would loan to the British Politicians as much of the new currency as they wanted, so long as they secured the debt by direct taxation of the British people.
When his son 'Amschel Mayer Bauer' inherited the business, he decided to change his name to 'Rothschild'. He soon learned that loaning money to governments and kings was more profitable than loaning to private individuals. Not only were the loans bigger, but they were secured by the nations taxes.
Mayer Rothschild had 5 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.
- His first son Amschel Mayer stayed in Frankfurt to mind the hometown bank.
- His second son Saloman Mayer, was sent to Vienna.
- His third son Nathan, the most clever, was sent to London.
- His fourth son Carl, was sent to Naples.
- His fifth son Jakob, was sent to Paris.
The Rothschild’s soon broke into royal deals with Prince Frederick William of Hesse-Kassel, at first helping him speculate on precious coins, but when Napoleon chased the prince into exile, the Prince sent Nathan Rothschild’s 550,000 pounds (a gigantic sum at that time) with instructions to buy British Government bonds. But Rothschild used the money for his own purposes. With Napoleon on the loose, the opportunities for war-time investments were nearly limitless.
At this time there was a severe shortage of metal coins, so the early colonists were forced to experiment with printing their own paper money. Called Colonial Scrip, the endeavor was very successful, providing a reliable medium of exchange and a feeling of unity between the colonies.
COLONIAL SCRIP was not backed by anything like gold or silver coin, it was a totally ‘Fiat’ currency. (‘Fiat’ money is money that derives its value from government regulation or law).
“That is simple. In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from 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 anyone”
- Benjamin Franklin to The Bank of England Officials
“The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently out of the hands of George the III and the international bankers was the PRIME reason for the Revolutionary War.”
- Benjamin Franklin’s Autobiography
The value of the American currency soon began to plummet, so 4 years later in 1785, the Banks charter was not renewed.
Congress passed the bill and gave it a 20 year charter. It was given a monopoly on printing the US currency, even though 80% of its stock would be held by private investors, the other 20% being 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 to the other 80% owners.
As with the old Bank of North America and The Bank of England, the stockholders never paid the full amount for their shares. The US Government put up their initial 2 million dollars in cash, then the Bank, through the magic of ‘Fractional Reserve Banking’ made loans to its charter investors, so they could come up with the remaining 8 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 chosen to hide the fact that it was privately controlled. Also, 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 Rothschild’s were the power behind the old Bank of the United States.
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.
We are over our heads in debt because we are laboring under a debt money system that is designed and controlled by private bankers.
To avoid the old consequences of inflation and deflation, as the Treasury buys up its bonds on the open market with sovereign notes, the reserve requirements of your hometown local bank will be proportionally raised so the amount of money in circulation remains constant. As those holding bonds, are paid off with sovereign notes, they will deposit this money, thus making available the currency then needed by the banks to increase their reserve requirements.
Once all the Treasury Bonds are replaced with sovereign notes, banks will be at 100% reserve banking, instead of the fractional reserve system currently in use.
From this point on, the Central Banks will only be needed as a central clearing house for cheques and as vaults for sovereign notes. Monetary power can be transferred back to the treasury dept. There will be no further creation or contraction of money by banks. By doing it this way, the central banking system can be abolished without a national bankruptcy, a financial collapse, inflation or deflation or any significant change and the people can go about their business.
- Pay off the debt with debt-free sovereign notes (If we can issue $1 bond we can issue $1 bill. Both rest on the faith and credit of the people.
- Abolish fractional reserve banking. As the debt is paid off, the reserve requirements of all banks and financial institutions would be raised proportionately at the same time …
- Repeal the Reserve banking act, this act delegates the money power to a private banking monopoly. The money power must be handed back to the dept. of the treasury (the people). No banker or person in any way affiliated with financial institutions should be allowed to regulate banking.
- Withdraw from the IMF, BIS and the World Bank. These financial institutions are used to further centralize the power of international bankers over the worlds economies.
- The money supply should increase slowly to keep prices stable, roughly in proportion to population growth (est. 3% p/a) not at the whim of a group of bankers meeting secretly.
- All deliberations are to be public, based on statistics of population growth and the price level index. The new monetary lenders in the Tresury Dept. (monetary committee) will have absolutely no discretion on this matter except in times of war. This would ensure a steady stable growth of roughly 3% per year, resulting in stable prices and no sharp changes in the money supply.
" …To take interest for money lent is unjust in itself, because this is to sell what does not exist, and this evidently leads to inequality, which is contrary to justice”
"…Allow me to issue and control the money supply of a nation and I care not who makes its laws"
"…The man who controls British money supply controls the British Empire and I control the money supply"
"…If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered"
“…I sincerely believe that banking establishments are more dangerous than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”
“…History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”
(Speaking to a group of investment bankers trying to persuade him to renew their central bank charter in 1828)
"… You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning."
"…The money powers prey upon the nations in times of peace and conspire against it in times of adversity. It is more despotic that Monarchy, more insolent that Autocracy, more selfish than Bureaucracy."
"…I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned. An era of corruption will follow and the money power of the country will endeavor to prolong its reign by working upon the prejudice of the people until the wealth is aggregated in a few hands and the republic is destroyed."
“… I have two great enemies, the Southern Army in front of me and the Bankers in the rear. Of the two, the one at my rear is my greatest foe.”
“…It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. “
“… He who controls the money supply of a nation controls the nation.”
Woodrow Wilson - US President
"… I am a most unhappy man, I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation therefore, and all our activities are in the hands of a few men.”
Woodrow Wilson - US President
“… We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men”
“… The prospect of domination of the nation's scholars by Federal employment, project allocations, and the power of money is ever present - -and is gravely to be regarded.”
On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.
"… We are opposed around the world, by a monolithic and ruthless conspiracy. That relies primarily on covet means for expanding its' sphere of influence. On infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerillas by night instead of armies by day.
It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine, that combines Military, Diplomatic, Intelligence, Economic, Scientific and Political Operations.
It's preparations are concealed not published. It's mistakes are buried not headlined. It's de centers are silenced not praised. No expenditure is questioned, no rumor is printed, no secret is revealed."
(With permission to internally investigate the aims of the ‘Council on Foreign Relations (CFR)
The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds' central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups."
“… To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers…”
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