[size="4"][color="#008080"]Part III [/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: govt-money-borrow-thru-centuries.jpg]](http://i1219.photobucket.com/albums/dd436/sumishi2009/The%20Capitalist%20Conspiracy%20--%20Griffin/govt-money-borrow-thru-centuries.jpg)
[size="2"]All governments ââ¬â whether they be monarchies or
democracies ââ¬â must borrow money in times of
emergency. Centuries ago the international
banking dynasties learned that, by providing funds
from their own private resources with strings
attached ââ¬â gradually they could bring both kings
and democratic leaders under their control.[/size][/floatleft]It should be noted that, while the Rothschilds and other Jewish families cooperated together in these ventures, this was by no means a Jewish monopoly as some have alleged. Men of finance of many nationalities and many religious and non-religious backgrounds collaborated together to create this super-structure of hidden power. Its essence was not race, nor religion, nor nationality. It was simply a passion for control over other human beings. Dr. Quigley identifies this group simply as the "International Bankers."
These are not the same as the local commercial bankers with whom we deal in everyday life. International bankers deal, not with the general public, but with the industrial giants of the world, with other financial institutions, and especially with governments. The key to their success has been to control and manipulate the money system of a nation, while letting it appear to be controlled by the government. The net effect is to create money out of nothing, lend it to the government, and then collect interest on it; a rather profitable transaction, to say the least.
[floatright]![[Image: william-paterson.jpg]](http://i1219.photobucket.com/albums/dd436/sumishi2009/The%20Capitalist%20Conspiracy%20--%20Griffin/william-paterson.jpg)
[size="2"]In 1694, international banker William
Paterson, obtained the charter of the
Bank of England, and the power over
England's money system fell into
private hands.[/size][/floatright]For example, in 1694, international banker William Paterson obtained the charter of the Bank of England, and the power over England's money system fell into private hands. In a boastful mood, Paterson said:
[indent]The bank hath benefit of interest on all moneys which it creates out of nothing.
[/indent]
Two hundred and thirty years later, Reginald McKenna, British Chancellor of the Exchequer, said:
[indent]The banks can, and do, create money... . And they who control the credit of the nation direct the policy of Governments, and hold in the hollow of their hands the destiny of the people.
[/indent]
[floatright]![[Image: jp-morgan.jpg]](http://i1219.photobucket.com/albums/dd436/sumishi2009/The%20Capitalist%20Conspiracy%20--%20Griffin/jp-morgan.jpg)
[size="2"]J. Pierpont Morgan 1902.
Rivalled only by the
Rockefeller dynasty for
economic and political
power in the United States.[/size][/floatright]In 1946, England's Labour government revoked the charter and nationalized the Bank of England. Officially it became a part of the government itself. It is important to note, however, that as late as 1961, Lord Cromer of the banking family of Baring, was named governor of the bank, and the board of directors included representatives of Lazard, Hambros, and Grenfell. Nothing had changed except outward appearances to confuse and deceive the uninformed.
Turning to the United States, Dr. Quigley tells us:
[indent]The structure of financial controls created by the tycoons of "Big Banking" and "Big Business" in the period 1880-1933 was of extraordinary complexity, one business fief being built on another, both being allied and semi-independent associates, the whole rearing upward into two pinacles of economic and financial power, ... One, centered in New York, was headed by J. P. Morgan and Company, and the other, in Ohio, was headed by the Rockefeller family. When these two cooperated, as they generally did, they could influence the economic life of the country to a large degree and could almost control its political life, at least on the Federal level.
[/indent]
In the United State it was inevitable that the international banking interests would attempt to establish the same kind of private monopoly over the money system that they had achieved in England, France, Germany, Italy and Switzerland. The same formula would be used. Make it look like a government operation, but keep the control in private hands.
[floatleft]The key to success for the international bankers
has been to gain control over the money system
of a nation, while letting it appear to be controlled
by the government. In this way they have been able
to create money out of nothing, lend it to the
government, and then collect interest on it. This
is the ultimate in conspiratorial power and is the
key to understanding our national debt.[/floatleft]John D. Rockefeller had purchased the Chase Bank, and his brother William bought the National City Bank of New York. The Rockefeller Chase Bank was later merged with the Warburg's Manhattan Bank to form the Chase-Manhattan, one of the most powerful financial combines in the world today. Acting in concert with the Morgan banking dynasty, they spent untold millions of dollars to promote legislation that would grant to them a private franchise over this nation's money system.
[floatright] President Wilson campaigned strongly for
legislation that gave to private bankers a franchise
of this nationââ¬â¢s monetary system.[/floatright]To sell this scheme to the voters, the monopolists created the propaganda line that the proposed banking law somehow would work against the monopolies. Politicians took up the cry "Banking Reform" and "Down with Wall Street." And then, to make it look convincing, the financial tycoons publicly pretended to oppose the measure, all the while financing it behind the scenes.
On December 22, 1913, the Federal Reserve Act finally was passed into law. Something known as the Federal Reserve System came into being, and, with it, total control of the nation's money fell into private hands.
Stay tuned...
[floatleft]
[size="2"]All governments ââ¬â whether they be monarchies or
democracies ââ¬â must borrow money in times of
emergency. Centuries ago the international
banking dynasties learned that, by providing funds
from their own private resources with strings
attached ââ¬â gradually they could bring both kings
and democratic leaders under their control.[/size][/floatleft]It should be noted that, while the Rothschilds and other Jewish families cooperated together in these ventures, this was by no means a Jewish monopoly as some have alleged. Men of finance of many nationalities and many religious and non-religious backgrounds collaborated together to create this super-structure of hidden power. Its essence was not race, nor religion, nor nationality. It was simply a passion for control over other human beings. Dr. Quigley identifies this group simply as the "International Bankers."
These are not the same as the local commercial bankers with whom we deal in everyday life. International bankers deal, not with the general public, but with the industrial giants of the world, with other financial institutions, and especially with governments. The key to their success has been to control and manipulate the money system of a nation, while letting it appear to be controlled by the government. The net effect is to create money out of nothing, lend it to the government, and then collect interest on it; a rather profitable transaction, to say the least.
[floatright]
[size="2"]In 1694, international banker William
Paterson, obtained the charter of the
Bank of England, and the power over
England's money system fell into
private hands.[/size][/floatright]For example, in 1694, international banker William Paterson obtained the charter of the Bank of England, and the power over England's money system fell into private hands. In a boastful mood, Paterson said:
[indent]The bank hath benefit of interest on all moneys which it creates out of nothing.
[/indent]
Two hundred and thirty years later, Reginald McKenna, British Chancellor of the Exchequer, said:
[indent]The banks can, and do, create money... . And they who control the credit of the nation direct the policy of Governments, and hold in the hollow of their hands the destiny of the people.
[/indent]
[floatright]
[size="2"]J. Pierpont Morgan 1902.
Rivalled only by the
Rockefeller dynasty for
economic and political
power in the United States.[/size][/floatright]In 1946, England's Labour government revoked the charter and nationalized the Bank of England. Officially it became a part of the government itself. It is important to note, however, that as late as 1961, Lord Cromer of the banking family of Baring, was named governor of the bank, and the board of directors included representatives of Lazard, Hambros, and Grenfell. Nothing had changed except outward appearances to confuse and deceive the uninformed.
Turning to the United States, Dr. Quigley tells us:
[indent]The structure of financial controls created by the tycoons of "Big Banking" and "Big Business" in the period 1880-1933 was of extraordinary complexity, one business fief being built on another, both being allied and semi-independent associates, the whole rearing upward into two pinacles of economic and financial power, ... One, centered in New York, was headed by J. P. Morgan and Company, and the other, in Ohio, was headed by the Rockefeller family. When these two cooperated, as they generally did, they could influence the economic life of the country to a large degree and could almost control its political life, at least on the Federal level.
[/indent]
In the United State it was inevitable that the international banking interests would attempt to establish the same kind of private monopoly over the money system that they had achieved in England, France, Germany, Italy and Switzerland. The same formula would be used. Make it look like a government operation, but keep the control in private hands.
[floatleft]The key to success for the international bankers
has been to gain control over the money system
of a nation, while letting it appear to be controlled
by the government. In this way they have been able
to create money out of nothing, lend it to the
government, and then collect interest on it. This
is the ultimate in conspiratorial power and is the
key to understanding our national debt.[/floatleft]John D. Rockefeller had purchased the Chase Bank, and his brother William bought the National City Bank of New York. The Rockefeller Chase Bank was later merged with the Warburg's Manhattan Bank to form the Chase-Manhattan, one of the most powerful financial combines in the world today. Acting in concert with the Morgan banking dynasty, they spent untold millions of dollars to promote legislation that would grant to them a private franchise over this nation's money system.
[floatright] President Wilson campaigned strongly for
legislation that gave to private bankers a franchise
of this nationââ¬â¢s monetary system.[/floatright]To sell this scheme to the voters, the monopolists created the propaganda line that the proposed banking law somehow would work against the monopolies. Politicians took up the cry "Banking Reform" and "Down with Wall Street." And then, to make it look convincing, the financial tycoons publicly pretended to oppose the measure, all the while financing it behind the scenes.
On December 22, 1913, the Federal Reserve Act finally was passed into law. Something known as the Federal Reserve System came into being, and, with it, total control of the nation's money fell into private hands.
Stay tuned...