[size="4"][color="#008080"]Part IV [/color][/size][size="4"][color="#008080"][size="2"](of XIII)[/size][/color][/size][size="4"][color="#008080"] [/color][/size]ââ¬â [size="2"]adapted transcript of The Capitalist Conspiracy (by G. Edward Griffin), a 1969 documentary[/size]
[floatleft]![[Image: federal-reserve-system.jpg]](http://i1219.photobucket.com/albums/dd436/sumishi2009/The%20Capitalist%20Conspiracy%20--%20Griffin/federal-reserve-system.jpg)
[/floatleft]The Federal Reserve System solely, is responsible for creating money in the United States. The Treasury prints only what the Federal Reserve tells it to print. The far greater amount of checkbook money is also determined by this group. Yet, it is not a government agency, and is entirely beyond the reach of the American voter.
Technically, the stock of the Federal Reserve System is held by twelve privately owned National Banks that make up the system. These, in turn, are owned primarily by the private banking dynasties that worked so hard to bring that system into being.
By law, the seven members of the Federal Reserve Board are appointed by the President for a term of fourteen years each. In spite of the incredible length of these appointments, nevertheless, they are supposed to create the illusion that the people, acting through their elected leaders, have some voice in the nation's monetary policies. In practice, however, every president since the beginning of the Federal Reserve System has appointed only those men who were congenial to the financial interests of the international banking dynasties. There have been no exceptions.
[floatleft]![[Image: politician-federal-reserve-nexus.jpg]](http://i1219.photobucket.com/albums/dd436/sumishi2009/The%20Capitalist%20Conspiracy%20--%20Griffin/politician-federal-reserve-nexus.jpg)
[size="2"]Standing: [L] Dr. Nicolas M. Butler,
President of Columbia; [R] J. P. Morgan.
Seated: [L] Lord Reading; [/size][size="2"][R][/size][size="2"] Benjamin
Strong, first chairman of the Federal
Reserve Board. The presidents of the Ivy
League colleges and members of the
Federal Reserve Board have always
owned their jobs to international bankers.[/size][/floatleft]For example, the very first governor of the Federal Reserve System was Benjamin Strong who was a close colleague of Montague Norman of the Bank of England, and Strong owned his very career to the favor of the Morgan bank.
[floatright]![[Image: edward-mandell-house.jpg]](http://i1219.photobucket.com/albums/dd436/sumishi2009/The%20Capitalist%20Conspiracy%20--%20Griffin/edward-mandell-house.jpg)
[size="2"]"Colonel" Edward Mandell House,
the ââ¬Åunseen guardian angelââ¬Â of the
Federal Reserve System, was a
behind-the-scenes manipulator of
prominent political figures.
Woodrow Wilson was totally
dependent on House for all political
decisions.[/size][/floatright]It is now known that the original Federal Reserve Board was hand picked by "Colonel" Edward Mandell House, who early in his career had represented British and American banking interests.
The Intimate Papers of Colonel House, edited by Charles Seymour, reveal House as the "unseen guardian angel" of the Federal Reserve System. It is clear from the words of Mr. Seymour that the Schiffs, the Warburgs, the Kahns, the Rockefellers. and the Morgans all had faith in House.
In 1912, Colonel House authored a book entitled Philip Dru, Administrator. The hero, a thinly disguised version of himself in real life, was a behind-the-scenes manipulator of prominent political figures. In the disguised form of a novel, the book lays bare the general strategy that has been followed ever since, even to the very present.
It tells of how a small group of Insiders cause a depression and then bring about the election of a man named Rockland. Rockland gives fireside chats and launches a program called the New Era to strengthen government control over the masses. Eventually, the Insiders who control the government weaken the country deliberately to the point of Civil War which provides them with the excuse for establishing a dictatorship under Philip Dru.
Colonel House was the man who selected Woodrow Wilson as a presidential candidate, and later became his principle advisor. Wilson was totally dependent on House for all political decisions. He was his alter ego. The President himself had written:
[indent]Mr. House is my second personality. He is my independent self. His thoughts and mine are one. If I were in his place, I would do just as he suggested.
[/indent]
When the federal government goes into debt, it borrows that money from the Federal Reserve System. The national debt presently is at the 400 billion mark. Just to pay that interest on this debt, taxpayers are forced to contribute over 20 billion dollars every year ââ¬â and, remember, that is interest on money created out of nothing.
Dr. Quigley reveals the goal of this operation as:
[indent]... 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 feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.
The apex of the system was to be the Bank of International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.
Each central bank, in the hands of men like Montague Norman of the bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmer Schacht of the Reichs 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 cooperative politicians by subsequent economic rewards in the business world.
[/indent]
Stay tuned...
[floatleft]
[/floatleft]The Federal Reserve System solely, is responsible for creating money in the United States. The Treasury prints only what the Federal Reserve tells it to print. The far greater amount of checkbook money is also determined by this group. Yet, it is not a government agency, and is entirely beyond the reach of the American voter.Technically, the stock of the Federal Reserve System is held by twelve privately owned National Banks that make up the system. These, in turn, are owned primarily by the private banking dynasties that worked so hard to bring that system into being.
By law, the seven members of the Federal Reserve Board are appointed by the President for a term of fourteen years each. In spite of the incredible length of these appointments, nevertheless, they are supposed to create the illusion that the people, acting through their elected leaders, have some voice in the nation's monetary policies. In practice, however, every president since the beginning of the Federal Reserve System has appointed only those men who were congenial to the financial interests of the international banking dynasties. There have been no exceptions.
[floatleft]
[size="2"]Standing: [L] Dr. Nicolas M. Butler,
President of Columbia; [R] J. P. Morgan.
Seated: [L] Lord Reading; [/size][size="2"][R][/size][size="2"] Benjamin
Strong, first chairman of the Federal
Reserve Board. The presidents of the Ivy
League colleges and members of the
Federal Reserve Board have always
owned their jobs to international bankers.[/size][/floatleft]For example, the very first governor of the Federal Reserve System was Benjamin Strong who was a close colleague of Montague Norman of the Bank of England, and Strong owned his very career to the favor of the Morgan bank.
[floatright]
[size="2"]"Colonel" Edward Mandell House,
the ââ¬Åunseen guardian angelââ¬Â of the
Federal Reserve System, was a
behind-the-scenes manipulator of
prominent political figures.
Woodrow Wilson was totally
dependent on House for all political
decisions.[/size][/floatright]It is now known that the original Federal Reserve Board was hand picked by "Colonel" Edward Mandell House, who early in his career had represented British and American banking interests.
The Intimate Papers of Colonel House, edited by Charles Seymour, reveal House as the "unseen guardian angel" of the Federal Reserve System. It is clear from the words of Mr. Seymour that the Schiffs, the Warburgs, the Kahns, the Rockefellers. and the Morgans all had faith in House.
In 1912, Colonel House authored a book entitled Philip Dru, Administrator. The hero, a thinly disguised version of himself in real life, was a behind-the-scenes manipulator of prominent political figures. In the disguised form of a novel, the book lays bare the general strategy that has been followed ever since, even to the very present.
It tells of how a small group of Insiders cause a depression and then bring about the election of a man named Rockland. Rockland gives fireside chats and launches a program called the New Era to strengthen government control over the masses. Eventually, the Insiders who control the government weaken the country deliberately to the point of Civil War which provides them with the excuse for establishing a dictatorship under Philip Dru.
Colonel House was the man who selected Woodrow Wilson as a presidential candidate, and later became his principle advisor. Wilson was totally dependent on House for all political decisions. He was his alter ego. The President himself had written:
[indent]Mr. House is my second personality. He is my independent self. His thoughts and mine are one. If I were in his place, I would do just as he suggested.
[/indent]
When the federal government goes into debt, it borrows that money from the Federal Reserve System. The national debt presently is at the 400 billion mark. Just to pay that interest on this debt, taxpayers are forced to contribute over 20 billion dollars every year ââ¬â and, remember, that is interest on money created out of nothing.
Dr. Quigley reveals the goal of this operation as:
[indent]... 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 feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.
The apex of the system was to be the Bank of International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.
Each central bank, in the hands of men like Montague Norman of the bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmer Schacht of the Reichs 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 cooperative politicians by subsequent economic rewards in the business world.
[/indent]
Stay tuned...