"The world is governed by very different personages from what is imagined by those who are not behind the scenes." ~ Benjamin Disraeli (Earl of Beaconsfield) In this thin volume you will find the transcripts of your initiation into the secrets of my empire. Read them again not for the arcane knowledge which is now second nature you, but in order to re-experience the shock and awe you felt twenty years ago when at age thirty the fabulous scope of my power was revealed to you by my trusted, and now mostly departed advisors. Remember the surprise, to the point of disbelief, with which you beheld the invisibly delicate, but invincible chains of deceit, confusion, or coercion with which we finance capitalists enslave this chaotic world. Remember the feats of will and strategy that have been required to retain our position. Then, inspect your retinue carefully. Your heir must be equal to and eager for the task much as you were. Choose him carefully. As I lie here waiting for the end I can afford to relish the thought our empire lasting forever as I never dared while in charge. Rational power calculations, so easily disrupted by the thrill of power, are now entirely in your hands. "Know, Will, Dare, and be Silent!" --- Aleister Crowley _______________________________________ THE TRANSCRIPTS 1. My Introduction to Your Initiation 2. Professor A. on the Role of Fraud in Nature 3. Professor Q. on Occult Knowledge as the Key to Power 4. Professor M. on the Economics of Central Banking 5. Professor B. on the Functions of the Central Bank in the Mature Finance Capitalist System 6. Professor G. on Social and Business Legislation and Policy 7. Professor D. on the Role of Public Education 8. Professor X. on Prestigious Associations and Secret Societies 9. Professor Y. on Covert Operations and Intelligence 10. My Closing Remarks 11. Afterwords by the Transcriber [Author?] 12. Bibliography _________________________________ 1. MY INTRODUCTION TO YOUR INITIATION ~ "Man is a rope stretched between the animal and the Superman. A rope over an abyss." "I teach you the Superman. Man is something to be surpassed." ~ Friedrich Nietzsche "Self reverence, self-knowledge, self-control these three alone lead to sovereign power." ~ Alfred Lord Tennyson "And nothing, not God, is greater to one than one's self is." ~ Walt Whitman "Do what thou wilt shall be the whole of the law." ~ Aleister Crowley: The Book of the Law My Son, the time has arrived to make formal what you have confidently awaited for some years. Of all your brothers, sisters, and cousins, as well as the offspring of my close allies, I have chosen you to be heir to my empire. All the trust funds, foundations, and accounts through which my empire is controlled shall pass into your hands upon my retirement. All my alliances, understandings, and enmities with my handful of peers around the globe shall gradually become yours. Over the next twenty years we shall collaborate closer and closer, you and I, until, we finally act as one. For ten years you have toured my empire in a succession of managerial assignments and are now familiar with the outward operations of my crucial banking, foundation, governmental, and think tank organizations. Until now, my advisors and I have deflected your questions as to how and if my diverse operations and holdings, which seem autonomous and even contradictory, are integrated into an organic whole to serve the dynasty's interests. The fact that you asked these questions, rejecting my carefully nurtured public image as an idle, coupon clipping philanthropist, was a major factor in the high esteem in which I hold you. Most of your competitors found puppet leadership in any one of my organizations so awesome and gratifying that they immediately eliminated themselves from the contest for the top position which you have won. Such men of limited vision are necessary for my success. They bend unconsciously to the subtle pressures to which I expose them. They can be led in any direction I choose by simple-minded rationalizations aimed at their vanity without being privy to my motives which would be short lived secrets in their undisciplined and envious minds. Most important in your selection as my successor, however was your psychological nature which has been faithfully reported to me over the years by my associates many of whom have advanced psychological training. A man in my position must have total mastery over his emotions. All actions affecting the power of the dynasty must be taken on the basis of coldly reasoned power calculations if the dynasty is to survive and prosper at the expense of its subjects and rivals. All power is impossible to those whose pursuit is ruled by sentimentality, love, envy power-lust revenge, prejudice, hatred, justice, alcohol, drugs, or sexual desire. Sustained power is impossible to those who repress all their irrational longings into their subconscious only to have them return in compulsive, out of control behavior that inevitably leads to their ruin. Although often clothed in the rationalizations of power calculation, compulsive behavior is at root, the emotionalism of a frightened child, desperately projecting his inner agony into a reality he is afraid to under stand, much less master. Although you now must begin to pursue it consciously you have already displayed the alienation from your emotional nature that is so essential to achieving real worldly power. You must recognize your emotional nature as a primitive survival mechanism that was appropriate for the jungle and perhaps useful to common men, but useless for the tasks that confront us finance capitalists. Attachment to what you do, just because you do it, is the primary psychological characteristic of ordinary mortals. Such cognitive dissonance spells disaster for us. Our emotional mechanism makes our lives worth living, but is no guide to the occult arts of intrigue. So, continue to gratify your senses and emotions fully at your leisure. As long as the empire prospers you will have the resources to indulge in systematic gratification which will leave your irrational urges sated and, therefore, powerless. You will never be in the unenviable position of the middle class strivers who must, from lack of resources, repress their emotional natures if they are to attain any power whatever during their lives. Typically, they end up taking their pleasure from the victories and cruelties of their struggle. Thus, their end ceases to be power and they eventually defeat themselves with reckless behavior in pursuit of dominant thrills. I have brought you into seclusion with my most trusted advisors in order to inaugurate a new phase of your instruction. Your formal training in the "official" political-economic world is now complete. This weekend will mark the beginning of your training in the occult technology of power that lurks behind outer appearances. As your tutors will explain, "occult" or secret knowledge is the basis of all power in human society, so I use the word "occult" advisedly, in its pristine usage. As I am sure you are aware by now, productivity in itself does not secure power and therefore does not secure the gratifications of life. After all, slaves can be productive. None of my organizations in which you served so well are concerned with advancing the techniques of satisfying human needs and desires. Rather, all are dedicated to the surreptitious centralization of productive, but especially coercive, efforts in my hands or in creating the intellectual climate in which such veiled control would be tolerated in the future. I destroy or paralyze productive efforts that cannot be ensnarled in my web After a break Professor A. will take the floor in order to put finance capitalism into full biological perspective. His short talk will be followed by similar abbreviated summaries by his six associates, all of whom you know well. The rest of the weekend will be devoted to forthright fielding of your questions. _______________________________ 2. PROFESSOR A. ON THE ROLE OF FRAUD IN NATURE ~ "Are we not all predatory animals by instinct? If humans ceased wholly from preying upon each other, could they continue to exist?" --- Anton S. LaVey "Nature, to be commanded must be obeyed " --- Francis Bacon Organisms typically base their success primarily on deception and rely on actual force or mutually advantageous trade (symbiosis) as little as possible. This should be nearly self-evident, but is generally overlooked due to the moral codes we elitists foist on our subjects. Let me give a few examples in case the moral culture has to some extent impaired your powers of objective observation. Camouflage is universal among predators and victims alike. Blossoms imitate fragrances and colors which are sexually attractive to certain insects in order to effect pollination. Dogs bark ferociously and feign attack on enemies of whom they are, in fact, terrified. The Venus Fly Trap plant lures flies to their deaths. Men proclaim their altruism to others and even themselves while they selfishly scramble for personal advantage. If you doubt that fraud is normal in nature you should read section 3 of the first chapter of Robert Ardrey's "The Social Contract" for a wealth of fascinating examples. (Of course Ardrey fails to grasp the full application to contemporary human society of his brilliant insights into man's animal nature.) Human mental prowess and communicative powers have merely provided superb elaboration on nature's old theme of fraud and added its own distinctive feature: self delusion. Primitive animal hierarchies are based on bluff and bluster, and each member is well aware of and accepts, at least temporarily, its position in the hierarchy. The same wild enthusiasm and fascination for dominance and submission rages in human hearts. However, fraud is taken one step further. Not only is fraudulent bluff and bluster used to achieve dominance but fraudulent altruism and collective institutions are used to conceal dominance once achieved. Human hierarchies, in contrast to the animal variety, are best sustained when the members are deluded regarding the oppressive nature, or better, even the very existence of the hierarchy! Visible rulers are highly vulnerable. Thus we see visible rulers claiming to be representatives of God, the common good, the material forces of history, the general will (either through vote or intuition), tradition, or other intellectual "spooks" that serve to lessen the envy of the ruled for the rulers. Encouraging such self-delusions among the masses of the ruled is universal for visible governments. However, such spooks are little protection for the leaders of such systems against their sophisticated elite rivals and no protection against men like your father. The Roman Empire was unquestioned by the mass of its subjects for centuries, but the Emperors lived in constant fear of coup and assassination. By embracing deception wholeheartedly at every level, finance capitalism, or rule through money, has fashioned the ultimate system yet devised for the secure exercise of power. Men like your father, the hidden masters of finance capitalism, govern those who govern, produce, and think through invisible financial tentacles, the operations of which will be elucidated later by my colleagues. Dominance in all aspects of society is surreptitiously accomplished while the great majority of the ruled, and even most of the visible leaders, believe themselves to be fairly autonomous, if harried, members of a pluralistic society. Nearly everyone believes major decisions to be the vector sum of autonomous pressures exerted by business, labor, government, consumers, social classes, and other special interests. In fact, the vectors of societal power are carefully balanced by us so that any net movement is in a direction chosen by us. The only fly in the ointment is the occasional, but extremely messy, interferences by competing financial dynasties. This disconcerting problem will not be a major topic for this weekend. I now yield to Professor Q. who will elucidate the central secrets of your father's immense money power. ___________________________ 3. PROFESSOR Q. ON OCCULT KNOWLEDGE AS THE KEY TO POWER ~ "The theory of aggregate production which is the point of the following book, nevertheless can be much easier adapted to the conditions of a totalitarian state than the theory of production and distribution of a given production put forth under conditions of free competition…" --- John Maynard Keynes ~ Forward to the German Edition of the General Theory (September 7, 1936) Throughout history, secure ruling elites arise through secret, or occult knowledge which they carefully guard and withhold from outsiders The power of such elites or cults diminishes as their occult knowledge is transformed into "scientific" knowledge and vanishes as soon as it becomes "common sense." Before analyzing the secrets of the finance capitalist money cult let us glance for historical perspective at occult astronomy, the oldest source of stable rule known to man of which astrology is hut the pathetic remnant. As soon as men abandoned the life of wandering, tribal hunters to till the soil they needed to predict the seasons. Such knowledge was required in order to know when to plant, when to expect floods in fertile valleys, when to expect rainy seasons, and so on. Months of backbreaking work were wasted by the unavailability of the calendar, a convenience we take for granted. The men who first studied and grasped the regularities of sun, moon, and stars that presage the seasons had a valuable commodity to sell and they milked it to the fullest at the expense of their credulous fellowmen. The occult priesthoods of early astronomers and mathematicians such as the designers of Stonehenge, convinced their subjects that they alone had contact with the gods, and thus, they alone could assure the return of planting seasons and weather favorable to bountiful harvests. The staging (predicting) of solar and lunar eclipses was particularly effective in awing the community. The general success resulting from following the priesthood's tilling, planting, nurturing, and harvesting timetables insured the priesthood's power. Today's Christmas holiday season continues the tradition set by ancient priesthoods, who conducted rituals on the winter solstice to reverse the retreat of the sun from the sky. Their invariable success was followed by wild celebrations. Popular knowledge of seasonal regularities was discouraged by every manner of mysticism and outlandish ritual imaginable. Failures in prediction were blamed on sins of the people and used to justify intensified oppression. For centuries people who had literally no idea of the number of days between seasons and couldn't count anyway, cheerfully gave up a portion of their harvests, as well as their most beautiful daughters, to their "faithful servants" in the priesthoods. The power of our finance capitalist money cult rests on a similar secret knowledge, primarily in the field of economics. Our power is weakened by real advances in economic science (Fortunately, the public at large and most revolutionaries remain totally ignorant of economics). However, we established money lords have been able to prolong and even reverse our decline by systematically corrupting economic science with fallacious and spurious doctrines. Through our power in the universities, publishing, and mass media we have been able to reward the sincere, professorial cranks whose spurious doctrines happen to rationalize in terms of "common good" the government supported institutions, laws, and economic measures upon which our money powers depend. Keynesianism is the highest form of phony economics yet developed to our benefit. The highly centralized, mixed economy resulting from the policies advocated by Lord Keynes for promoting "prosperity" has all the characteristics required to make our rule invulnerable to our twin nemeses: real private competition in the economic arena and real democratic process in the political arena. Laissez-faire or free market, classical economics was our original attempt to corrupt economic science. Its beautiful internal consistency blinded economists for many years to the fact that it had virtually nothing to do with current reality. However, we are so powerful today that it is no longer possible to conceal our imposing institutions with the appearances of free competition Keynesianism rationalizes this omnipotent state which we require, while retaining the privileges of private property on which our power ultimately rests. Although the interim reforms advocated by Marx in his Communist Manifesto such as central banking, income tax, and other centralizing measures can be corrupted to coincide exactly with our requirements, we no longer allow Marxist movements major power in developed countries. Our coercive institutions are already in place. Any real steps toward communism would mean our downfall. Of course, phony Marxism is an excellent ideological veil in which to cloak our puppet dictators in underdeveloped areas. Secondarily, the power of the lords of money rests on an occult knowledge in the area of politics and history. We have quite successfully corrupted these sciences. Although many people are familiar with our secrets through such books as 1984 by the disillusioned George Orwell, few take them seriously and usually dismiss such ideas as paranoia. Since real politics is motivated by individual self-interest, history is viewed most accurately as a struggle for power and wealth We do our best to obscure this self-evident truth by popularizing the theory that history is made by the impersonal struggles between ideas, political systems, ideologies, races, and classes. Through systematic infiltration of all major intellectual, political, and ideological organizations, using the lure of financial support and instant publicity, we have been able to set the limits of public debate within the ideological requirements of our money power. The so-called Left-Right political spectrum is our creation. In fact, it accurately reflects our careful, artificial polarization of the population on phony issues that prevents the issue of our power from arising in their minds. The Left supports civil liberties and opposes economic or entrepreneurial liberty. The Right supports economic liberty and opposes civil liberty. Of course neither can exist fully (which is our goal) without the other. We control the Right-Left conflict such that both forms of liberty are suppressed to the degree we require. Our own liberty rests not on legal or moral "rights," but on our control of the government bureaucracy and courts which apply the complex, subjective regulations we dupe the public into supporting for our benefit. Innumerable meaningless conflicts to divert the attention of the public from our operations find fertile ground in the bitter hatreds of the Right/Left imbroglio. Right and Left are irreconcilable on racial policy, treatment of criminals, law enforcement, pornography, foreign policy, women's lib, and censorship to name just a few issues. Although censorship in the name of "fairness" has been useful in broadcasting and may yet be required in journalism, we generally do not take sides in these issues. Instead we attempt to prolong the conflicts by supporting both sides as required. War, of course, is the ultimate diversionary conflict and the health of our system. War provides the perfect cover of emergency and crisis behind which we consolidate our power. Since nuclear war presents dangers even to us, more and more we have resorted to economic crisis, energy shortages, ecological hysteria, and managed political drama to fill the gap. Meaningless, brushfire wars, though, remain useful. We promote phony free enterprise on the Right and phony democratic socialism on the Left. Thus, we obtain a "free enterprise" whose "competition" is carefully regulated by the bureaucracy we control and whose nationalized enterprises are controlled directly through our government. In this way we maintain a society in which the basis of our power, legal titles to property and money, remain secure, but in which the peril of free, unregulated competition is avoided and popular sovereignty is nullified. The democratic process is a sitting duck for our money power. Invariably we determine the candidates of the major parties and then proceed to pick the winners. Any attempts at campaign reforms simply put the rules of the game more firmly under our government's control. Totalitarianism of the fascist of communist varieties is no danger to us as long as bastions of private property remain to serve as our bases of operation. Totalitarian governments of both Right and Left, because of the vulnerability of their highly visible leaders to party rivals, can be manipulated easily from abroad. Primarily, totalitarian dictatorships efficiently prevent new money lords that could challenge our power from arising in whole continents, civilizations, and races. Perhaps a few words on ideology proper are in order before I conclude. The only valid ideology, of course is rational egoism, that is, the maximization of the individual's gratification by whatever means prove practical. This requires power over nature, especially, when possible, power over other humans who are the most versatile and valuable tools of all. Fortunately, we do not have a society of egoists. Money lords would be impossible in such a society as the mental spooks and rationalizations by which we characteristically manipulate and deceive would be a laughing stock Under such circumstances a policy of live and let live or true "laissez-faire" anarchy might be the only alternative. Certainly a hierarchical order would be difficult to maintain by force alone. However, in the current era, while minds are yet in the thrall of altruistic collectivistic, and divine moralistic spooks, the egoist's rational course is to utilize such spooks to control others. The next speaker, Professor M., will detail the key institution of our power: Central Banking. ______________________________ 4. PROFESSOR M. ON THE ECONOMICS OF CENTRAL BANKING ~ "It (a bank) can take the depositors' goods, the goods that it holds for safekeeping, and lend them out to people on the market. It can earn interest on these loans, and as long as only a small percentage of depositors ask to redeem their certificates at any one time, no one is the wiser. Or, alternatively, it can issue pseudo warehouse receipts for goods that are not there and lend these on the market. This is the more subtle practice. The pseudo receipts will be exchanged on the same basis as the true receipts, since there is no indication on their face whether they are legitimate or not. It should be clear that this practice is outright fraud." --- Murray Rothbard: Man, Economy, and State "The bold effort the present bank has made to control the Government, the distress it has wantonly produced,. . ., are but premonitions of the fate that awaits the American People should they be deluded into a perpetuation of this institution (The Bank of the United States), or the establishment of another like it." --- Andrew Jackson (December 2, 1834) As you have a doctorate degree in economics from a great university I will touch as lightly as my verbosity allows on facts accepted by economic "science" and proceed to occult aspects of Central Banking. Since the division of labor is the key to all human achievement and satisfaction, a system of exchange is crucial. Barter is hopelessly complicated. A command economy, in which each does and receives what be is told, is also hopelessly cumbersome and fails to take advantage of individual initiative, ability, and concrete knowledge. A medium of exchange, money, is the obvious solution. (Even our highly centralized economies on the socialist model now enthusiastically embrace money as an indispensable simplifying tool in their economic planning.) When left to themselves people of a given geographical area settled upon a durable luxury commodity, usually gold or silver, to use as money. Because money is a store of value as well as a medium of exchange, people saved part of their gold income rather than spending it all. This gold was often stored in the vaults of a local goldsmith, the precursor of the modern banker, for safekeeping. The depositor received a receipt that entitled him to an equal quantity and quality of gold on demand from the goldsmith. At some point the goldsmith realized that there was no reason he could not loan out some of the gold for interest as long as he kept gold on hand sufficient to meet the fairly predictable withdrawal rate. After all, be simply promised to pay on demand, not bold the gold as such. Better yet, be could simply issue more receipts for gold than be bad gold and the receipts, renamed notes, could circulate freely among the populace as money. However, he soon found that there was a definite limit set on this process by reality. Not all the extra notes issued circulated forever among the public. The rate of note redemption began to increase rapidly as the receipts passed into the hands of people unfamiliar with his reputation and especially when competitive goldsmiths, always eager for more gold reserves, came into possession of his notes. To prevent a disastrous run on his gold reserves, note issuance had to be kept within bounds. But the spending power of over-issuance was a grave temptation. Especially relished was the power over governments, industry, and merchants that the miraculous loan power of the goldsmith could obtain. Many succumbed to temptation, overextended themselves and brought ruin to their depositors while others slowly became wealthy bankers by pursuing conservative loan policies. At this point, according to economic "science," Central Banks are instituted to protect the public from periodic financial catastrophe at the hands of unscrupulous fractional reserve bankers. Nothing could be further from the truth. Central Banks are established to remove the limitation on over-issuance that reality places on competitive banking systems. As early as ancient Babylon and India, Central Banking, the art of monopolizing the issuance of money, had been developed into a perfect method for looting the general public. Even today many bankers copy the traditions of the earlier exploitive priesthoods and design their banks to resemble temples! Defenses of Central Banking are simply part of the deception that lies at the heart of all power elites. Let us look at the way a new Central Bank is created where none has existed previously. We bankers approach the Prince or ruling assembly (both of whom always want more money to fight wars or to curry favor with the people and, typically, are ignorant of economics) with a compelling proposal: "Grant our bank a national Charter to regulate private banking and to issue legal tender notes, that is, force our notes to be accepted as payment for all debts, pubic and private. In exchange we will provide the government all the notes it prudently requires at interest rates easily payable with existing taxes. The increased government purchasing power thus created will simultaneously assure the power an prestige of the currently precarious nation and stimulate the sluggish, credit starved economy to new heights of prosperity. Most important the violent banking panics and credit collapses caused by unscrupulous private bankers will be replaced by our even handed, beneficent and scientific management of money and banking. Our public-spirited expertise will be at the disposal of the state while we remain independent enough of momentary political pressures to assure sound management." For a while this system seems to work remarkably well with full employment for everyone. The government an public does not notice that we issuers of the new notes are using the notes we create out of thin air to surreptitiously build economic empires at the expense of established interests. Because of the legal tender laws, few of the new notes issued by the Central Bank are returned for redemption in gold. In fact, private banks and even a few foreign banks may begin to use the Central Bank's notes as reserves for further issuance of credit. Soon enough, though, prices begin to rise as the added notes increase demand relative to the quantity of goods and services. As the value of their savings decline more and more foreigners in particular begin to question the value of the Central Bank's notes and start to demand redemption in gold. We, of course do not take responsibility for the rampant inflation when it comes. We blame inflation on evil speculators who drive up prices for personal gain, as well as the greed of organized labor and business who are promptly made subject to wage and price controls. Even the consumer can be made to feel guilty for agreeing to pay the high prices! Mistaking symptoms for causes the government accepts the banker's analysis of the problem and continues to give the Bank free reign in monetary policy. By slowing the rate of note issuance periodically, the ultimate crisis stage is postponed until many decades after the original Central Bank Charter was granted. Before the rapidly dwindling gold reserves on which faith in our Bank depends is exhausted we abruptly contract our loan volume to private industry and government as well. With the contraction of the money supply a great deflationary crash begins in earnest with all its attendant unemployment, bankruptcies, and civil strife. We do not take responsibility for the depression. We blame it on evil hoarders who are refusing to spend their money and the prophets of doom who are spoiling business confidence. The government accepts this analysis and leaves monetary policy in our hands. If things go well we bankers channel the fury and unrest into puppet movements and pressure groups that carry our agents into full control of the government. Once in charge we devalue our outstanding bank notes in terms of gold and make them inconvertible for all but possibly foreign Central Banks and begin plans to restore a "prosperity" that will be totally ours. When lucky, we are able to confiscate the gold of private citizens as punishment for hoarding during the climax of the depression. Once the old order is subdued during the chaos of the crash and desperation of the depression, the field is open for our full finance capitalist system to be realized. If the money lords behind the Central Bank can avoid lapsing into political and economic competition among themselves a new and lasting order can be established. A war timed for this period of consolidation provides the perfect excuse for the regimentation required to crush all opposition. Professor B., a former Chairman of a Central Bank, will explain the functioning of the Central Plank in the typical, fully developed finance capitalist system. _______________________________ 5. PROFESSOR B. ON THE FUNCTION OF THE CENTRAL BANK IN THE MATURE FINANCE CAPITALIST SYSTEM ~ "We are undone, my dear sir, if legislation is still permitted which makes our money, much or little, real or imaginary, as the moneyed interests shall choose to make it." --- Thomas Jefferson "From now on depressions will be scientifically created." --- Congressman Charles A. Lindberg, Sr.-1923 In its pristine form a Central Bank is a private monopoly of a nation's money and credit issuance supported by the coercive power of the state. That the Central Bank be directly in our hands is vital until our new order is firmly established throughout the governmental, business, intellectual and political spheres of society. After our order is consolidated, formal nationalization of the Central Bank with great fanfare is usually advisable in order to dispel any lingering suspicion that it is operated for private gain. Of course only loyal agents of the dynasty are allowed to obtain high offices in the Bank and our power remains intact. Obvious private monopolies are always the targets of sharp reformist agitators. Only the most paranoid, however, can see through the public facade to the private monopoly of the nationalized or quasi-nationalized Central Bank. The Central Bank is the primary monopoly on which all our monopoly power depends. The occult power of the Central Bank to create money out of nothing is the fountainhead that fuels our far-flung financial and political empire. I will make a quick survey of a few of the ways this secret money power is brought to bear. Basically, the power of our Central Bank flows from its control over the points of entry into the economy of new, inflationary money which it creates out of thin air. Ordinarily, bills of exchange, acceptances, private bonds, government bonds and other credit instruments are purchased by the Central Bank through specially privileged dealers in order to put the new money, often only checking accounting entries, into circulation. The dealers are allowed a large profit since they are fronts operated by our agents. Our purchase of government securities pleases the government, as our purchase of private debt pleases private debtors. As a quid pro quo to assure "good management" our agents are given directorships, managerial posts, and offices in the corporations and government's so benefited. As the addiction to the narcotic of inflationary easy credit grows and grows we demand more and more control of our dependent entourage of governments and corporations. When we finally end the easy credit to "combat inflation" the enterprises and governments either fall directly into our hands, bankrupt, or are rescued at the price of total control. Also, we ruling bankers control the flow of money in the economy through the wide authority of the Central Bank to license, audit, and regulate private banks. Banks that loan to interests outside the loyal entourage are "audited" by the Central Bank and found to be dangerously overextended. Just a hint of insolvency from the respected Central Bank authorities is enough to cause a run on the disobedient bank or at least dry up its vital lines of credit. Soon the banking establishment learns to follow the hints and nods of your father's agents at the Central Bank automatically. Further, the periodic cycles of easy money and tight money that we initiate through our control of the Central Bank cause corresponding fluctuations in all markets. Our inner circle knows in advance the timing of these cycles and, therefore reaps windfall profits by speculating in commodity, stock, currency, gold, and bond markets. Monopolistic stock and commodity Exchanges are a vital adjunct to our power made possible by our Central Bank power. We do not allow a fair auction market to exist, but make a great show of "tough" government regulation to create a false sense of confidence among small investors. With the aid of our regulatory charade and financial power we are able to maintain Exchanges tailored to our entourage's need to manipulate stock prices at the expense of independent investors. Our privileged specialists on the floors of our Exchanges, aided by the propaganda of our financial press and brokerage houses, continually play on naivete and greed to drain the savings of the unwary into our coffers. The stock, commodities, and securities held in trading accounts by the Exchange and brokerage houses provides us with a clout far beyond our own actual holdings with which we can manipulate prices and win proxy fights for corporate takeovers. Little danger to our lucrative racket exists from public-spirited regulation. Our manipulations are so complex that only the most brilliant experts could comprehend them. To most economists our Exchange operations appear to be helpful efforts to "stabilize" the market. We ruling bankers, if able to keep peace among ourselves, become richer and richer as time passes without the annoyance of exerting productive effort of benefit to others. The next speaker, Professor G. will discuss the secrets of social legislation and policy that do so much to cement our power. ________________________________ 6. PROFESSOR G. ON SOCIAL AND BUSINESS LEGISLATION AND POLICY ~ "There is no proletarian, not even a Communist, movement, that has not operated in the interests of money, in the direction indicated by money, and for the time being permitted by money--and that without the idealists among its leaders having the slightest suspicion of the fact." --- Oswald Spengler: "Decline of the West" "Also at the (SDS) convention, men from Business International Roundtables… tried to buy up some radicals. These are the world's leading industrialists and they convene to decide how our lives are going to go… We were also offered Esso (Rockefeller) money. They want us to make a lot of radical commotion so they can look more in the center as they move to the left." --- James Kunen: "The Strawberry Statement: Notes of a College Revolutionary" The danger to our system clearly is not that the "people" will spontaneously rise up and dispossess us. The "people" never initiate anything. All successful movements are led from the top, usually without the knowledge of the movement, by men like your father with vast resources and brilliant plans. The real danger arises in the upper-middle classes. Occasionally, these people make vast fortunes through some brilliant technological innovation in their business or through the favor of local politicians that escape our influence. Because of their ignorance of the reality of our power, however, the new rich usually fall easily into our hands. For instance, they seldom realize until too late that the dozens of loans they may owe to apparently independent banks can be called simultaneously with a mere nod from your father. Graver danger is presented by those whose enterprises are so successful as to be self-financing. Since the advent of the corporate income tax truly self-financing corporations are extremely rare. Most disquieting is when these upstarts acquire the covert or open support and advice of your father's major international antagonists. This is particularly dangerous in countries with long democratic traditions where it is difficult to make our arbitrary rulings stick. The best solution is to enact comprehensive taxes and business regulations in the name of the common good. Such measures reduce the incidence of significant upstart competition to manageable levels. This policy, of course, strangles innovation and productivity. Reduction of the GNPs in countries under your father's control would be acceptable in the interests of secure power under the pretext of conservation, ecology, or no-growth stability except that if carried too far your father's clout vis-a-vis his international rivals would be impaired. The most difficult problem for the money lord is determining the level of social and economic freedom he dares allow for the sake of his international power. Only method is to maintain a home base of carefully monitored, relative freedom on which to base the economic and military strength required to maintain an empire of totalitarian dictatorships abroad. The following measures, however, are found necessary by nearly all money lords: 1. Steeply Graduated Income Tax ~ Income tax does not affect us because our money was accumulated before the tax was imposed and most of it is now safely protected in our network of tax exempt foundations. Foundation income and capital can legally be used to finance the bulk of our social, economic, literary, and even political propaganda. In a pinch it is easily diverted to illegal uses. Expensive "studies" required by our profitable economic operations can be legitimately financed through foundations. To the middle classes, however, income tax makes life into an endless treadmill. Even the most productive find themselves unable to accumulate significant capital. They are forced into the clutches of our Central Bank entourage for injections of the inflationary credit which we are privileged to create out of nothing. The self-financing wealth of the legendary 19th Century robber barons and early Twentieth Century tycoons is no longer possible. Although your grandfather owed his start to just those wide-open conditions, he was among the first of the super-rich to advocate the erection of the tax wall that is now in place. Please note that in democratic countries eternal vigilance is required to prevent our tax shield from being riddled with loop holes by conniving legislators, who are usually of the tax oppressed, upper-middle class origins themselves. 2. Business Regulation ~ When upstarts slip through our financial tentacles and tax shields, perhaps with the aid of outsiders, a second line of defense becomes vital licensing in the crucial area of broadcasting has proven particularly necessary. This makes serious upstart-led mass political challenge impossible. Harassment by bureaucrats armed with arbitrary and voluminous industrial safety regulations is a new and increasingly effective technique. Security registration requirements, "to protect the small investor," can cause fatal delays in an upstart's ability to raise capital on the stock market. Ecological considerations are easily perverted to stymie the plans of those who would upset the stability of our carefully planned system. Anti-trust law, however, is our ultimate weapon. The handy doctrine of "pure and perfect" competition which we have fostered in our universities is ideally suited to convict any successful competitor, at our discretion. If the competitor charges a lower price than ours he is accused of "unfair competition" aimed at driving us from the field to impair future competition. If he asks the same price as we, he is open to the charge of collusion. If he charges more than us, he is obviously exploiting his "monopoly power" at the expense of the consumer. Fortunately, the rulings of our bureaucrats are so complicated that even when successfully appealed in court many years elapse before the ruling is rendered. By then our goals are often achieved through harassment. Product quality, safety, and testing regulations are excellent methods by which we insulate our established industries from potential competition. Beside raising the costs of entry into the auto business, for instance, the cost of "safety" can be passed to the consumer along with a healthy profit mark-up. 3. Subsidies, Tariffs, and Foreign Aid ~ Although direct subsidies can occasionally be procured for our entourage of corporations by appealing to the masses' desire to preserve jobs, this exploitive technique is usually too obvious. Tariffs are easily passed, but lead to retaliation against our foreign holdings. Foreign aid and soft (sure to be defaulted) government guaranteed loans, however, fill the bill perfectly under modern conditions. Foreign aid maintains our empire of foreign dictators abroad while providing guaranteed, highly profitable sales to our corporations at home base. Foreign aid should always be contingent on the purchase of goods, usually military hardware, that only our entourage of firms can provide. Few have the courage to oppose such altruistic aid to the "starving masses" of the "third world." 4. Centralization of Power ~ Real division of power between national, state, and local government is dangerous to our system. When local politicians have real autonomy, even in limited spheres, they can do much to enable upstarts to challenge our power. Our program is to bring all levels of government under our sway through such innovations as federal aid, revenue sharing, high federal taxation, and regional government. 5. Alliance with the Lower Classes ~ In order to keep our valuable regulatory machinery in place and under our control we must have the mass support of the numerous lower classes against our vigorous, but scarce middle-class rivals. The best method is to provide the lower classes with subsidies at the expense of the middle class. This creates a mutual hatred that prevents the middle class from appealing effectively to the lower classes for support. Social security, free health care, unemployment benefits, and direct welfare payments, while doing nothing for us directly, create a dependent class whose support for our critical measures can easily be made part of a package deal. Please note also that the major labor unions began with our financing and are led to this day by leaders of our choosing. No one can rise to or remain at the top of a rough and tumble union without our financial backing. In spite of their rebellious rhetoric, bought union leaders are the source of our power over the management of firms with widely held stock. Unions are the ultimate weapon for destroying otherwise invulnerable, self-financing rivals. Further, downward flexibility of wages and prices which obtains without widespread unionization would increase the ability of the economy to survive without our aid during the economic crises we create. Bread and circuses are as useful today as in Roman times for mobilizing the mob against our staid adversaries. Next, Professor D. will describe our education policies. _______________________________ 7. PROFESSOR D. ON THE ROLE OF PUBLIC EDUCATION ~ "In our dreams we have limitless resources and the people yield themselves with perfect docility to our molding hands. The present educational conventions fade from our minds, and unhampered by tradition, we work our good will upon a grateful and responsive rural folk . . . The task we set before ourselves is a beautiful one, to train these people as we find them to a perfectly ideal life just as they are. So we will organize our children into a little community and teach them to do in a perfect way the things their fathers and mothers are doing in an imperfect way in the home, in shop, and on the farm." --- The objective of Rockefeller "philanthropies" stated by him and Gates in Occasional Letter No. 1 of Rockefeller's General Education Board. "A general state education is a mere contrivance for molding people to be exactly like one another; and as the mold in which it casts them is that which pleases the predominant power in the government --- whether this be a monarch, a priesthood, an aristocracy, or the majority of the existing generation --- in proportion as it is efficient and successful, it establishes a despotism over the mind, leading by natural tendency to one over the body." --- John Stuart Mill In order to maintain our system of power, the institution of universal public education is indispensable. The anarchy of private education in which any manner of dangerous ideas could be spread cannot be tolerated. Thus we make private education financially impossible to all but the few mostly the elite offspring of our financial entourage, by means of burdensome taxation and regulation. The primary purpose of public education is to inculcate the idea that our crucial institutions of coercion and monopoly were created for the public good by popular national heroes to blunt the past power of the malefactors of great wealth. Crucial is to create the impression that, although the people have been exploited in the past, today the wealthy are at the mercy of an all-powerful government which is firmly in the hands of the people or do-gooding liberals. For those of more sophistication who reject this Pollyanna view of reality, we promote the "liberal reformer mentality" which holds that a new era of reform is on the verge of crushing forever the last vestiges of money lordism. Of course, the reforms, after taking shape as a bewildering myriad of regulatory agencies and taxes, are found to be ineffective in subordinating our power to the popular will, whereupon we stir up another era of progressive reform. Our contrived Left-Right spectrum which our compulsory education helps to make universal is valuable in assuring that this charade does not get out of hand. The Pollyannas in the middle are neither dangerous nor useful in this endeavor. What is needed is a feeble, but persistent right-conservatism to moderate and emasculate the liberal reforms. Conservatives tend to resist all the advances in centralized, government power that we lead the liberals to see as necessary in order to totally end the "undemocratic" power of money in society. Conservatism would rather promote a "pluralism" of competing interests in which money is the medium of competition than risk the excesses of "big government," When "liberal" reforms show signs of exceeding our intentions and actually threaten to place our key institutions in the hands of the people, we can always count on the conservatives to defend our power under the illusion that they are defending the legitimate rights of "free-enterprise capitalists." On the rare occasions when conservatives call for subjecting our enterprises to laissez-faire competition, we can count on the dominant liberal reformers to insist on more government interference, unaware of our desire for such, in effect, self-administered regulation. The Right has such a fear of the Left's dream of democratic collectivism and the Left such a hatred for what it sees as the Right's elitist, rugged individualism that there is little danger that they will ever join forces to overturn our government-backed monopolies even though we violate the ideals of both left and right. Centralization of control at the state, or preferably national level, assists in building the climate of opinion we require in public education. Failing to obliterate local control, other methods nearly as effective are available. Our overwhelming financial clout in the publishing industry can induce relatively uniform textbook selection. Further leverage can be created by promoting teacher colleges and teaching machines. National teacher's associations and unions are also an excellent power base from which to foster our programs of indoctrination. With our great influence in publishing and publicity we are able to, selectively popularize educational theorists whose views are incidentally beneficial, compatible, or at least not in conflict with our own goals. This way we obtain sincere, energetic activists to propagate our desires without having to reveal our motives or even existence. We do not want an educational system that produces hard-driving individuals bent on amassing great wealth and power. Therefore, we discourage education that would develop the potential powers of students to their fullest. "Liberal" education that stresses knowledge for its own sake or even sophistry and sterile mental gymnastics is of no danger to us. "Relevant," vocational, or career-oriented education also poses no danger to our power. Education that prepares students to accept a cog-like existence in our military-industrial-social-welfare-regulation complex is ideal. Progressive education with its stress on "social adjustment" also produces the conformity we require of our subjects. Emphasis on competitive sports may produce a certain amount of disruptive competitiveness among the participants, but primarily has the effect of creating life-long voyeuristic spectators who will enthusiastically sublimate their competitiveness into endless hours of following college and professional sports on the boob tube. Space spectaculars and dramatic political infighting are also marvelous diversions with which to occupy the masses. Anyone seeking social change will gravitate to the field of education. Our strategy is simple: Let only those succeed whose influence would be compatible with our power. Encourage all who would develop the passive or receptive mode of existence. Discourage all who promote the aggressive or active capacities. Build a great cult of salvation through endless education, touting it as the "democratic" path to success Deride the frontal approach to success of the "outmoded' rugged individualist. Before yielding the floor to Professor X., who will discuss the role of secret societies and prestigious clubs, I would like to comment on the demise of religious education as a vehicle for social control. Religion, in its time, was a remarkable weapon for inculcating subservience, altruism, and self-abnegation among our subjects. We did not give up this weapon voluntarily. Your grandfather, for one, supported the Baptist faith well after most finance capitalists had turned wholly to secular ideologies. However, a trend toward rationality in human affairs plods along inexorably quite outside the reach of our power. Only in our totalitarian dictatorships can this trend be quashed entirely. In the semi-open societies in which our money power is based, the forces of reason can only be impeded and diverted. Some have theorized that, eventually, widespread rational egoism will overturn our order. I am confident that secular faiths and just plain confusion will suffice to sustain our power for many centuries to come. ___________________________________ 8. PROFESSOR X. ON PRESTIGIOUS ASSOCIATIONS AND SECRET SOCIETIES ~ "Every compulsion is put upon writers to become safe, polite, obedient, and sterile. In protest, I declined election to the National Institute of Arts and Letters some years ago, and now I must decline the Pulitzer Prize." --- Upton Sinclair "It is useless to deny, because it is impossible to conceal, that a great part of Europe--the whole of Italy and France and a great portion of Germany, to say nothing of other countries--is covered with a network of these secret societies, just as the superficies of the earth is now being covered with railroads." --- Benjamin Disraeli (Earl of Beaconsfield), July 14, 1856 In preserving and protecting our grasp on nations we must exert veiled control of all major opinion molding associations and especially prestigious clubs which attract the leaders in various fields and do so much to influence the dispensing of commanding positions in government and business. Associations of the leading scholars, businessmen, writers, religionists, artists, bureaucrats, newsmen, ideologists, publishers, broadcasters, and professional men as well as special interest groups representing laborers, farmers, consumers, racial minorities, and so on must be subtly kept under the broad limits of our sway. Since membership dues and fees are never sufficient to support their ambitious activities, voluntary, non-profit organizations are easy prey for the nearly unlimited financial resources of our entourage. However, our real motive, to further our political and economic power, must not be revealed in the process. Our policies must be laboriously rationalized in terms compatible with prevalent ideologies and moralities or the material advantage of the groups involved. Leaders of such groups are remarkably quick to accept our rationalizations when financial support is extended. We engage in outright bribery only as a last resort, and then, only in extreme cases. Our long-range interests are better served by temporarily postponing a policy victory than by risking exposure of our power by attempting outright bribery. In fact, clumsy bribery and intimidation attempts are characteristic of our foolish nouveau-riche opponents. As an example, if we decide that federal rather than state chartering or licensing of corporations would further our control over the economy, we would not simply order politicians and opinion leaders to support our desires. Corporations not relishing central control would be suspicious that something was afoot and might expose our plot. Our strategy would be as follows: 1. Sacrifice one of our less competent management teams in a well-publicized corporate scandal in order to focus attention on the "widespread problem of corporate corruption under current, lax regulations." 2. Through well-funded agents, thrust into the publicity spotlight intellectuals or groups who already support federal licensing as a piecemeal step toward socialism. (One can find pre-existing supporters for nearly any measure with sufficient effort.) 3. After the issue is before the public, offer to support through foundations the "objective" study of the federal licensing proposals being discussed with an eye toward proposing legislation. Often, simultaneous support for studies by disreputable, irrational groups who will oppose the proposal is useful as well. Provide no platform for well-reasoned opposition. 4. When a ground swell of support appears to be building provide the interested lobbying organizations with plenty of funds to grease the palms of politicians. The enactment of the federal licensing law thus appears as the will of society. Last-ditch opposition automatically appears mean spirited, obstructionist, reactionary, and paranoid, serving only to discredit our opposition. In our fully developed system of finance capitalist thought control and promotion control, our hierarchy of prestigious associations is capped by a single prestige society: The Council of World Affairs. This organization is a front for the secret society of which your father is head. This secret society is made up of the people who have spoken, plus six others not present. You are replacing Professor Q. who is to retire shortly. Eventually you will replace your father. We thirteen are your father's advisors and only confidants. All other agents are misled as to the bulk of our objectives and motives. Their knowledge is restricted to the details required by their assignments. The penalty for disloyalty is death. The Council is invaluable for propagating our policy decisions to our entourage without revealing our motives and strategy. In many instances, policy can he successfully sold to our entourage and thus transmitted to the multitudes by merely airing it along with appropriate rationalizations in a single awe-inspiring session of the Council. The informal power of the Council is such that our policy manipulations are usually attainable without the clumsy exercises in brute power that invariably snag the independent power seekers. The Council is at the heart of what is called the Establishment and we are at the heart of the Council. At the Council's inception, we worked hard to attract the successful of all fields with all the prestige that our money power could buy. We had to work hard convincing the independent, self-made Council members to move in harmony with our policy objectives. We had many failures. Now everything is changed. Membership is no longer a reward for success as much as it is a prerequisite for major success. Without Council membership only the most outstanding can achieve national prominence. With membership, glaring mediocrities, with the "right" attitudes, achieve prominence. In fact, mediocrities are much more adapted to propagating our policy rationalizations and less likely to detect and oppose our ulterior motives. A power lusting mediocrity is not likely to judge his benefactors too harshly or inquire diligently into the nature of the power structure that brought him what he fears was undeserved success. The vanity of even idealistic, committed humanitarians militates against such a course. The Council is now a giant employment agency of loyalists ready to parrot our public line from the commanding posts of government, foundations, broadcasting, industry, banking, and publishing. Although Council members are encouraged to take sides and bicker over the diversionary issues we create to entertain and enfeeble the populace, their solidarity in defending our power structure, root and branch, when pressed is a sight to behold! And to think that most see themselves as righteous defenders of the public good while they dismiss whispered rumors of our power structure as "kooky paranoia." Classical secret societies with elaborate circles within circles no longer play a major role in finance capitalist power structures. Most wide membership secret societies have degenerated into middle class excuses for escaping the wife and kids once a month for the company of men. But secret societies were a major weapon of our bourgeoisie forebearers in their struggle with the old feudal order of kings and princes. Under authoritarian despotism of the old style, the secret society was the only place a free-thinking man could express himself. Through threats of exposure, loyalty oaths, patronage, deception, and rewards we bound such malcontents into a fierce force for our revolution. The multitude of degrees, occult mumbo-jumbo, and vague humanitarianism concealed the real goals of our secret societies from the bulk of the membership. The roles of the "Illuminated" Masonic Lodges in European revolutions were decisive in our final victory over the old order. I now yield the floor to Professor Y. who will discourse on the real "secret societies" the Modern Finance Capitalist State: the National Security Institutions and Intelligence Agencies. __________________________________________ 9. PROFESSOR Y. ON COVERT OPERATIONS AND INTELLIGENCE ~ In our fully developed state-capitalist systems we have found absolute control of governmental intelligence gathering and covert operations to be vital. Besides providing a valuable tool in our struggle with rival dynasties, such control is now an integral and necessary part of our day-to-day operations. Large intelligence communities are inevitable, given the system of all encompassing governments which we have imposed upon the world during our ascent to power. Our power would be short-lived indeed if the pervasive influence and power of these iron-disciplined intelligence agencies fell into the hands of mere politicians, especially those beyond our control. We do not allow intelligence agencies to pursue the "national interest," the way the public conceives "spies" to operate. Politicians cannot be permitted to divert the power and influence of our intelligence community from the esoteric requirements of our Money Power to petty political struggles. Neither nationalistic aspirations of races and peoples nor ideological visions of intellectuals for humanity can be allowed to pervert intelligence and covert operations. Our rationalizations, both within the intelligence community and to the public at large, must be diverse and flexible, but the intelligence community must further without exception the inexorable goals we have set for humanity. No crisis is more serious for our Money Power than an attempt by a head of government to assume personal control of intelligence and operations or to by-pass existing agencies by setting up parallel ones. Such intrusions must be met decisively. Although a contrived scandal to remove the offending politician from office is the first line of defense, we dare not shrink from assassination when necessary. Perhaps the most accurate overview of our intelligence community can be achieved by visualizing it as a "nationalized secret society." Our predecessors, in their struggle against the old order of kings and princes, had to finance secret societies such as the Illuminati, Masons, German Union, etc. out of their own pockets. At great expense and risk such secret societies were able to infiltrate the major governmental and private institutions of the nations that our noble predecessors targeted for take over by the Money Power. Such bureaucratic takeovers are expensive and time consuming. They can be considered complete only when promotions, raises, and advancements are no longer based on objective service to the stated organizational objectives, but are in the hands of the infiltrating group and its secret goals. How much easier it is for us, the inheritors of a fully developed state-capitalist system! By appealing to "national security" we are able to finance and erect secret societies of a colossal scope, far beyond the wildest dreams of our path breaking predecessors. Besides the benefits of public financing reaped by these "nationalized secret societies," we obtain a decisive advantage from the fact that these our "spook" operations are sanctioned by law! Maintaining discipline, loyalty, and secrecy is no longer solely a matter of propaganda, blackmail, patronage, and intimidation. Although these remain important tools, especially in emergency cases, ordinary discipline among initiates (now called agents) can be encouraged by appealing to patriotism and can be enforced in courts of law by prosecuting "national security violations." As massive as our intelligence community has become in itself, we still operate strictly on the finance capitalist principle of leverage. Just as a rational finance capitalist never owns more stock in a corporation than the bare minimum required for control, intelligence operatives are placed only in as many key positions as are required to control the target organizations. Our goal, after all, is agent control of all significant organizations, not intelligence community member ship for the entire population. The organizational pattern of baffling "circles within circles," characteristic of classical secret societies, is retained and refined by our intelligence community. That "one hand not know what the other is doing" is essential to the success of our operations. In most cases, we do not allow the operatives themselves to know the ultimate, and when possible, even the short-range objectives of their assignments. They operate under "covers" that disguise our goals not only from the public and target groups, but from the agents themselves. For instance, many agents operating under "left cover" are led to believe that the agency, or at least their department, is secretly, but sincerely motivated by socialistic ideology. Thus, they assume that the intelligence agency's ultimate goal is to guide left-wing groups in "productive" directions, even though they cannot always see how their own assignment fits into those assumed goals. Other "left-cover" agents, those with right-wing predilections, are encouraged to believe the agency is simply "monitoring" violence prone, subversive groups in order to protect the public. When such agents are asked to participate in or even lead radical activity they assume that the ultimate objective is to fully infiltrate and destroy the organization for the good of the country. This is very seldom the case. We waste little or no money protecting the "public" or defending the "nation." Agents operating under "right-cover" are handled in symmetrical fashion. Agents with right-wing prejudices are encouraged to believe the agency is right-wing. Left-prejudiced agents are asked to operate under "right-cover" in order to "monitor" dangerous rightist organizations. Most intelligence agents remain blithely ignorant of the big picture which is so clear to us from our spectacular vantage point. Very few have enough information or intelligence to reason out how their specific and sometimes baffling assignments promote the legislative, judicial, operational and propaganda needs of our Money Power. Most would never try. They are paid too much to think about such things. Agents with a "gangster-cover" are of two types. First, there is the sincere gangster that draws his salary from an intelligence agency. He is led to believe that the gangland "Godfathers" control the government agency for their own purposes. Actually, the situation is the opposite. The agency controls the gangster for other purposes. Second, is the sincere crime fighter who is led to believe that the agency is at tempting to infiltrate and monitor the gangsters as a preliminary step to destroying organized crime. Such "upstanding" agents commit many crimes in their zeal to rid the country of organized crime! To envision how we operate in this lucrative field, let's briefly look at the mechanics of dope smuggling. Police and customs officials are told to leave certain gangsters alone, even when transporting suspicious cargoes. This is made to seem perfectly proper since it is well known that secret police infiltrators of organized crime must participate in crimes in order to gain the confidence of gangsters. What customs agent would want to upset a carefully laid plan to "set-up" the underworld kingpins of dope pushing! But the agent, as well as the police who cooperate, are mistaken in believing that the purpose of the assignment to help smuggle dope is ultimately to smash organized crime. If he could see the big picture, as we can, the agent would see that practically all our dope is smuggled by federal intelligence agents and secret police! How ever could such a volume be transported safely? Real harassment and prosecution is reserved for those who enter the field without our approval. Here is our organized crime strategy: On the one hand we pass laws to ensure that mankind's favorite pastimes (vices) are illegal. On the other hand, we cater to these "vices" at a huge monopoly profit with complete immunity from prosecution. A new and growing methodology of our intelligence community is psychologically and drug-controlled agents. Properly, these are referred to as "behavior modified" agents, or, in the vernacular, "zombies." With the use of hypnotic drugs, brain washing, sensory deprivation, small group "sensitivity" training, and other behavior modification techniques, the scope of which was hinted in the movie "Clockwork Orange," complete personalities can be manufactured from scratch, to the specifications of value structure profiles we design by computer to suit our purposes. Such personalities are quite neurotic and unstable due to defects in our still developing technology, but still useful for many purposes. The primary virtue of "zombies," of course, is loyalty. Agents that are subconsciously programmed for the assignment at hand cannot be conscious traitors. All a "zombie" can do is reveal how compulsive and psychotic he is with regard to his "cause." Even to trained psychologists he simply appears to be the proverbial "lone nut." Although the "zombie" may have memories of psychotherapy at a government agency when questioned under hypnosis, this is unlikely to raise suspicion in the mind of court-appointed psychologists. After all, "lone nuts" should be kept in insane asylums and subjected to psychotherapy! At most, the government hospital will be reprimanded for letting a loony loose before he was cured. Until our techniques can be perfected the use of "zombies" must be restricted to "national dramas" designed to justify the growing power of our centralized governments over the lives of our people. Most suicidal radicals and "crazies" who so mysteriously avoid arrest for years at a time are "zombies" conditioned to terrorize the public in the name of some irrational ideology. After repeated doses of such terror, the public is conditioned to accept the necessity of our intrusive police state with very little objection. The way is clear for an accelerated program of behavior modification research to be conducted mostly at public expense in the name of mental health and rehabilitation. Such research can be conducted with little complaint in prisons, refugee camps, drug rehabilitation centers, government hospitals, veterans hospitals, and even public schools and day care centers. Mental institutions, methadone maintenance centers, and prisons are fertile fields for recruiting the deranged or drug-addicted persons most suitable for "zombie" conversions. Of course, only a few of our most trusted agents actually participate in the creation of "zombies." The brilliant researchers and experimenters who make most of the breakthroughs earnestly believe that their techniques are destined strictly for the betterment of mankind. Inevitably, a fraction of the population objects to behavior modification as an infringement of man's "sacred" free will even if they are convinced that our intentions are benign. We carefully leak a few scandals to satisfy such persons that our experiments are being kept within bounds and that excesses are being stopped. Our artificial scandals exposing the "excesses" of coercive psychology are carefully designed to make the researchers seem incompetent and clumsy to the point of maiming and killing their "patients." This effectively conceals the fantastic strides we have made toward total behavioral control. Great things are going to be possible in the future. I now return the floor to your father for his concluding remarks. ________________________________________ 10. MY CLOSING REMARKS ~ My son, you surely have many questions about my strategy in the seemingly momentous economic and political crises that are shaking national and international affairs. You and I will begin handling them in detail shortly. For tonight, let me be brief. Most of the current national upheavals are stage-managed to consolidate our monopoly position in government and business against the continual nuisance of economically competent, but politically naive competitors. Likewise, most international crises are managed to exert pressure on our obstreperous, reluctant puppet dictators in underdeveloped areas. These events are fairly easy to manage. I expect to place such management in your hands as soon as possible. The real challenge lies in dealing with my international peers. These are the real crises since they are crises of my power structure, not just of my subject populations and puppets. In the vast chess game with my peers there are no rules and no proven tactics. Mutual vulnerability, alone, limits the conflict. My peers and I have labored for decades to erect a world government and banking system under which we could all share finance capitalism's millennium without the nightmare of internecine warfare. With the advent of nuclear war a new world order seemed particularly desirable. I say ostensibly we have labored for world government because none of us are sure the others will ever voluntarily surrender sovereignty to the group. The schedule set after the last World War has not been met. So far, the world government idea has served mainly to enthuse collectivist intellectuals, and secondarily to veil each finance capitalist's maneuvers for supremacy from the rest. The future course of finance capitalism is difficult to predict. Our empires are too fragile to risk all-out battles for supremacy among ourselves. Our power would dissipate to second echelon wealthy during the struggle. Yet we continue to chip away at rival empires on the premise that offense is the best defense. On the other hand, purely political leaders are helpless before our money power. When Caesars arise, they are of our making. Perhaps our system will simply remain much as it is, secure on the national level and disturbingly pluralistic at the international level, until reason and egoism have developed among our populations to such an extent that our occult technology of money power becomes obvious to all who think and must yield to either anarchy or a more advanced form of deception. __________________________________________ 11. AFTERWORD BY THE TRANSCRIBER ~ "The names of some of these banking families are familiar to all of us and should be more so. They include Baring, Lazard, Erlanger, Warburg, Schroder, Seligman, the Speyers, Mirabaud, Mallet, Fould, and above all Rothschild and Morgan." --- Dr. Carroll Quigley: "Tragedy and Hope" Any resemblance of these characters to persons living or dead is purely coincidental. Any resemblance of their methodology to that of real ruling elites is purely intentional. The extent to which I represent or exaggerate the self-conscious, intentional power technology of real politico-economic rulers and their unity is for the reader to decide after studying available empirical evidence. I am providing a bibliography of relevant historical works to aid the curious reader. I have included no works written from spurious pluralistic suppositions no one seems to consider pluralism as a proposition requiring evidence since they are flooding the market. Unfortunately, many works listed affirm that ideas rather than individual struggles for wealth and power propel history; that is, they view the elites they observe ruling the world as ideologically motivated. Thus we have the spectacle of the Right claiming that major finance capitalists such as the Rockefellers or Rothschilds are "communist" conspirators or "socialists." On the other hand, we see the Left claiming that the same people are bent on imposing laissez -faire capitalism, or in a slightly more realistic vein, are fanatical proponents of fascism. Virulent white racism is another ideology foolishly ascribed to the ruling class by the Left. This opinion is nicely balanced by the charge from the Right that the elite wants to "mongrelize" and thus submerge the white race. As usual the elite, completely free of prejudice, supports both sides of this battle for its own ends. As should be clear by now, I believe that finance capitalists (Ferdinand Lundberg has dubbed them finpols, or financial politicians) are understandably attempting to make their power as extensive as possible without incurring the severe risks which plague pubpols (public politicians). (It seems that only the most daring finpols are willing to take on the additional risks of pubpoldom, perhaps only because they are denied the reins to the family's fortune by more privileged relatives.) Pubpols lose their privacy and thus their right to sexual impropriety in addition to incurring vulnerability to electioneering and worse in "democratic" countries. In most areas of the world the lot of the pubpols is even worse. Purge, assassination, and armed coup are regular events. While totalitarianism of Right or Left at home eliminates the shield of secure private property desired by finpols, laissez--faire is likewise rejected out-of-hand as hell-on-earth by enlightened power-seekers. Egoism, mitigated only by the reality of circumstance, is the motive to realistically attribute to healthy elites. An elite under the spell of mental spooks could not hold sway for long. Although finpol statism is increasingly a crisis for its victims, there is as yet no evidence that the elite itself is in serious crisis. Even inflation, the current crisis for the powerless, is simply another crisis to be managed toward the end of consolidating, extending, and refreshing elite power. No doubt the depression which must inevitably follow will be managed to even better effect at the expense of the masses. I have classified the bibliography into the categories Right and Left. In each list I begin with the most objective works and proceed to the works most infected with mental spooks and emotional hysteria. These books should be read for empirical data, not theoretical insight. A list of less ideologically biased works is provided as well. I quote and recommend authors, not to imply support for my scenario where there is none, but to credit a few of those who have provided grist for my thoughts. _________________________________________ 12. BIBLIOGRAPHY ~ "We are much beholden to Machiavelli and others, that write what men do,and not what they ought to do." --- Francis Bacon Indispensable Thoughts on History, Economics, Politics, Philosophy, and Human Nature: Murray N. Rothbard: Economic Determinism and the Conspiracy Theory of History Revisited; Audio-Forum. Nash: America's Great Depression;1972. Carroll Quigley: Tragedy and Hope; Macmillan, 1966 Gabriel Kolko: The Triumph of Conservatism; Quadrangle Carroll Quigley: The Evolution of Civilizations. Anton S. LaVey: The Satanic Bible; Avon Books, 1969. Arkon Daraul: Secret Societies; Citadel Press, 1962. Count Egon Caesar Corti: The Rise of the House of Rothschild; ibid., The Reign of the House of Rothschild; Cosmopolitan Book Corp., 1928. Max Stirner: The Ego and His Own; Libertarian Book Club, 1963. Robert Ardrey: The Social Contract; Dell Publishing; 1970. Friedrich Nietzsche: Beyond Good and Evil: Prelude to a Philosophy of the Future; Random House, 1966. George Orwell: Animal Farm; New American Library Niccolo Machiavelli: The Prince. Ludwig von Mises: Theory and History; Arlington House, 1969. Henry Regnery: Human Action; 1966. James J. Martin: Revisionist Viewpoints; Ralph Myles Publisher, 1971. Committee on Government Operations, U.S. Senate: Disclosure of Corporate Ownership; U.S. Government Printing Office, 1974. Antony C. Sutton: Wall Street and the Bolshevik Revolution; ibid., Wall Street and FDR; Arlington House, 1975. The Left on the Ruling Class: Gabriel Kolko: The Triumph of Conservatism; Quadrangle Books, 1967. Richard Ney: The Wall Street Gang; Praeger Publishers, 1974. Ferdinand Lundberg: The Rich and the Super-Rich; Lyle Stuart, 1968. Ferdinand Lundberg: America's 60 Families; Vanguard, 1938. William G. Domhoff: Who Rules America?; Prentice Hall, 1967. W.G. Domhoff: The Higher Circles; Random House, 1970. Matthew Josephson: Money Lords; New American Library, 1973. M. Josephson: The Robber Barons; Harcourt Brace & Co., 1934. George H. Shibley: The Money Question; Stable Money Publishing Co., 1896. Jules Archer: The Plot to Seize the White House; Hawthorn Books, 1973. William Hoffman: David: Report on a Rockefeller; Dell Publishing, 1972. Joel Andreas: The Incredible Rocky; North American Congress on Latin America, 1973. Gustavus Myers: The History of the Great American Fortunes; 1907 The Right on the Conspiracy Theory of History: Antony C. Sutton: National Suicide; Arlington House, 1973. Charles A. Lindbergh, Sr.: The Economic Pinch; Dorrance & Company, Inc., 1923, Reprinted by Omni Publications. Louis T. McFadden: Collective Speeches of Congressman McFadden; Omni Publications, 1970. H.S. Kenan: The Federal Reserve Bank; The Noontide Press, 1968. Gary Allen: None Dare Call It Conspiracy; Concord Press, 1973. G. Allen: Richard Nixon: The Man Behind the Mask; Western Islands, 1971. G. Allen: The Rockefeller File; '76 Press, 1976. Dan Smoot: The Invisible Government; The Dan Smoot Report, Inc., 1962. W. Cleon Skousen: The Naked Capitalist; The Author, 1970. Taylor Caldwell: Captains and Kings; Fawcett Publications, 1973. John Robison: Proofs of Conspiracy; 1798, Reprinted by Western Islands. Nesta Webster: Secret Societies and Subversive Movements; Christian Book Club, 1967. A. N. Field: The Truth About the Slump; 1931, Reprinted by Omni Publications, 1962. William Robert Plumme: The Untold History; The Committee for the Restoration of the Republic, 1964. June Grem: Karl Marx: Capitalist; Enterprise Publications, 1972. Emanuel Josephson: Rockefeller Internationalist: Man Who Misrules the World; Chedney Press, 1962. ________________________________________ Posted by harry mobley on 29.3.11 No comments: Links to this post Email ThisBlogThis!Share to TwitterShare to Facebook HOW THE INTERNATIONAL BANKSTERS TOOK OVER THE UNITED STATES READ THIS TO KNOW HOW THE 'ELITE' GOT THEIR POWER. Remarks in Congress, 1934 -- AN ASTOUNDING EXPOSURE All materials taken from this book - no longer in print On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Controller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON. The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON. So, this speech should be reprinted, re-posted, set up on web pages and circulated far and wide. Congressman McFadden's Speech Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly. As Representative of a State which was among the first to declare its freedom from foreign money tyrants it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bun. Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry. The Federal Reserve - A Corrupt Institution "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over." "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it." "Some people who think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime." "These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky's passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky's disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any." "In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose." "We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the 'King's Bank' to control us from the top downward, and from the cradle to the grave." "The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us." PRESIDENT JACKSON'S TIME "One of the greatest battles for the preservation of this Republic was fought out here in Jackson's time; when the second Bank of the United States, founded on the same false principles of those which are here exemplified in the Fed was hurled out of existence. After that, in 1837, the Country was warned against the dangers that might ensue if the predatory interests after being cast out should come back in disguise and unite themselves to the Executive and through him acquire control of the Government. That is what the predatory interests did when they came back in the livery of hypocrisy and under false pretenses obtained the passage of the Fed." "The danger that the Country was warned against came upon us and is shown in the long train of horrors attendant upon the affairs of the traitorous and dishonest Fed. Look around you when you leave this Chamber and you will see evidences of it in all sides. This is an era of misery and for the conditions that caused that misery, the Fed are fully liable. This is an era of financed crime and in the financing of crime the Fed does not play the part of a disinterested spectator." "It has been said that the draughts man who was employed to write the text of the Aldrich bill because that had been drawn up by lawyers, by acceptance bankers of European origin in New York. It was a copy, in general a translation of the statues of the Reichsbank and other European central banks. One-half million dollars was spent on the part of the propaganda organized by these bankers for the purpose of misleading public opinion and giving Congress the impression that there was an overwhelming popular demand for it and the kind of currency that goes with it, namely, an asset currency based on human debts and obligations. Dr. H. Parker Willis had been employed by Wall Street and propagandists, and when the Aldrich measure failed- he obtained employment with Carter Glass, to assist in drawing the banking bill for the Wilson administration. He appropriated the text of the Aldrich bill. There is no secret about it. The test of the Federal Reserve Act was tainted from the first." "A few days before the bill came to a vote, Senator Henry Cabot Lodge, of Massachusetts, wrote to Senator John W. Weeks as follows: _______________________________ New York City, December 17, 1913 'My Dear Senator Weeks: Throughout my public life I have supported all measures designed to take the Government out of the banking business. This bill puts the Government into the banking business as never before in our history. The powers vested in the Federal Reserve Board seen to me highly dangerous especially where there is political control of the Board. I should be sorry to hold stock in a bank subject to such dominations. The bill as it stands seems to me to open the way to a vast inflation of the currency. I had hoped to support this bill, but I cannot vote for it cause it seems to me to contain features and to rest upon principles in the highest degree menacing to our prosperity, to stability in business, and to the general welfare of the people of the United States. Very Truly Yours, Henry Cabot Lodge.' _______________________________ "In eighteen years that have passed since Senator Lodge wrote that letter of warning all of his predictions have come true. The Government is in the banking business as never before. Against its will it has been made the backer of horse thieves and card sharps, bootlegger's smugglers, speculators, and swindlers in all parts of the world. Through the Fed the riffraff of every country is operating on the public credit of the United States Government." THE GREAT DEPRESSION "Meanwhile and on account of it, we ourselves are in the midst of the greatest depression we have ever known. From the Atlantic to the Pacific, our Country has been ravaged and laid waste by the evil practices of the Fed and the interests which control them. At no time in our history, has the general welfare of the people been at a lower level or the minds of the people so full of despair." "Recently in one of our States, 60,000 dwelling houses and farms were brought under the hammer in a single day. 71,000 houses and farms in Oakland County, Michigan, were sold and their erstwhile owners dispossessed. The people who have thus been driven out are the wastage of the Fed. They are the victims of the Fed. Their children are the new slaves of the auction blocks in the revival of the institution of human slavery." The Scheme of the Fed "In 1913, before the Senate Banking and Currency Committee, Mr. Alexander Lassen made the following statement: 'The whole scheme of the Fed with its commercial paper is an impractical, cumbersome machinery- is simply a cover to secure the privilege of issuing money, and to evade payment of as much tax upon circulation as possible and then control the issue and maintain, instead of reducing interest rates. It will prove to the advantage of the few and the detriment of the people. It will mean continued shortage of actual money and further extension of credits, for when there is a shortage of money people have to borrow to their cost. 'A few days before the Fed passed, Senator Root denounced the Fed as an outrage on our liberties. He predicted: 'Long before we wake up from our dream of prosperity through an inflated currency, our gold- which alone could have kept us from catastrophe- will have vanished and no rate of interest will tempt it to return.'" "If ever a prophecy came true, that one did." "The Fed became law the day before Christmas Eve, in the year 1913, and shortly afterwards, the German International bankers, Kuhn, Loeb and Co. sent one of their partners here to run it." "The Fed Note is essentially unsound. It is the worst currency and the most dangerous that this Country has ever known. When the proponents of the act saw that the Democratic doctrine would not permit them to let the proposed banks issue the new currency as bank notes, they should have stopped at that. They should not have foisted that kind of currency, namely, an asset currency, on the United States Government. They should not have made the Government [liable on the private] debts of individuals and corporations, and, least of all, on the private debts of foreigners. As Kemerer says: 'The Fed Notes, therefore, in form, have some of the qualities of Government paper money, but in substance, are almost a pure asset currency possessing a Government guarantee against which contingency the Government has made no provision whatever.'" "Hon. L.J.Hill, a former member of the House, said, and truly: 'They are obligations of the Government for which the United States received nothing and for the payment of which at any time, it assumes the responsibility: looking to the Fed to recoup itself.'" "If this United States is to redeem the Fed Notes, when the General Public finds it costs to deliver this paper to the Fed, and if the Government has made no provisions for redeeming them, the first element of unsoundness is not far to seek." "Before the Banking and Currency Committee, when the bill was under discussion Mr. Crozier of Cincinnati said: 'The imperial power of elasticity of the public currency is wielded exclusively by the central corporations owned by the banks. This is a life and death power over all local banks and all business. It can be used to create or destroy prosperity, to ward off or cause stringencies and panics. By making money artificially scarce, interest rates throughout the Country can be arbitrarily raised and the bank tax on all business and cost of living increased for the profit of the banks owning these regional central banks, and without the slightest benefit to the people. The 12 Corporations together cover y and monopolize and use for private gain- every dollar of the public currency and all public revenue of the United States. Not a dollar can be put into circulation among the people by their Government, without the consent of and on terms fixed by these 12 private money trusts.'" "In defiance of this and all other warnings, the proponents of the Fed created the 12 private credit corporations and gave them an absolute monopoly of the currency of these United States- not of the Fed Notes alone- but of all other currency! The Fed Act providing ways and means by which the gold and general currency in the hands of the American people could be obtained by the Fed in exchange for Fed Notes - which are not money - but mere promises to pay." "Since the evil day when this was done, the initial monopoly has been extended by vicious amendments to the Fed and by the unlawful and treasonable practices of the Fed." Money for the Scottish Distillers "Mr. Chairman, if a Scottish distiller wishes to send a cargo of Scotch whiskey to these United States, he can draw his bill against the purchasing bootlegger in dollars and after the bootlegger has accepted it by writing his name across the face of it, the Scotch distiller can send that bill to the nefarious open discount market in New York City where the Fed will buy it and use it as collateral for a new issue of Fed Notes. Thus the Government of these United States pay the Scotch distiller for the whiskey before it is shipped, and if it is lost on the way, or if the Coast Guard seizes it and destroys it, the Fed simply write off the loss and the government never recovers the money that was paid to the Scotch distiller." "While we are attempting to enforce prohibition here, the Fed are in the distillery business in Europe and paying bootlegger bills with public credit of these United States. "Mr. Chairman, by the same process, they compel our Government to pay the German brewer for his beer. Why should the Fed be permitted to finance the brewing industry in Germany either in this way or as they do by compelling small and fearful United States Banks to take stock in the Isenbeck Brewery and in the German Bank for brewing industries? Mr. Chairman, if Dynamit Nobel of Germany, wishes to sell dynamite in Japan to use in Manchuria or elsewhere, it can drew its bill against the Japanese customers in dollars and send that bill to the nefarious open discount market in New York City where the Fed will buy it and use it as collateral for a new issue of Fed Notes- while at the same time the Fed will be helping Dynamit Nobel by stuffing its stock into the United States banking system." "Why should we send our representatives to the disarmament conference at Geneva - while the Fed is making our Government pay Japanese debts to German Munitions makers?" "Mr. Chairman, if a German wishes to raise a crop of beans and sell them to a Japanese customer, he can draw a bill against his prospective Japanese customer in dollars and have it purchased by the Fed and get the money out of this Country at the expense of the American people before he has even planted the beans in the ground. Mr. Chairman, if a German in Germany wishes to export goods to South America, or any other Country, he can draw his bill against his customers and send it to these United States and get the money out of this Country before he ships, or even manufactures the goods." "Mr. Chairman, why should the currency of these United States be issued on the strength of German Beer? Why should it be issued on the crop of unplanted beans to be grown in Chile for Japanese consumption? Why should these United States be compelled to issue many billions of dollars every year to pay the debts of one foreigner to another foreigner? Was it for this that our National Bank depositors had their money taken out of our banks and shipped abroad? Was it for this that they had to lose it? Why should the public credit of these United States and likewise money belonging to our National Bank depositors be used to support foreign brewers, narcotic drug vendors, whiskey distillers, wig makes, human hair merchants, Chilean bean growers, to finance the munition factories of Germany and Soviet Russia?" THE UNITED STATES HAS BEEN RANSACKED "The United States has been ransacked and pillaged. Our structures have been gutted and only the walls are left standing. While being perpetrated, everything the world would rake up to sell us was brought in here at our expense by the Fed until our markets were swamped with unneeded and unwanted imported goods priced far above their value and make to equal the dollar volume of our honest exports, and to kill or reduce our favorite balance of trade. As Agents of the foreign central banks the Fed try by every means in their power to reduce our favorable balance of trade. They act for their foreign principal and they accept fees from foreigners for acting against the best interests of these United States. Naturally there has been great competition among foreigners for the favors of the Fed." "What we need to do is to send the reserves of our National Banks home to the people who earned and produced them and who still own them and to the banks which were compelled to surrender them to predatory interests." "Mr. Chairman, there is nothing like the Fed pool of confiscated bank deposits in the world. It is a public trough of American wealth in which the foreigners claim rights, equal to or greater than Americans. The Fed are the agents of the foreign central banks. They use our bank depositors' money for the benefit of their foreign principals. They barter the public credit of the United States Government and hire it our to foreigners at a profit to themselves." "All this is done at the expense of the United States Government, and at a sickening loss to the American people. Only our great wealth enabled us to stand the drain of it as long as we did." "We need to destroy the Fed wherein our national reserves are impounded for the benefit of the foreigners. "We need to save America for Americans." SPURIOUS SECURITIES "Mr. Chairman, when you hold a $10.00 Fed Note in your hand, you are holding apiece of paper which sooner or later is going to cost the United States Government $10.00 in gold (unless the Government is obliged to go off the gold standard). It is based on limburger cheese (reported to be in foreign warehouses) or in cans purported to contain peas (but may contain salt water instead), or horse meat, illicit drugs, bootleggers fancies, rags and bones from Soviet Russia (of which these United States imported over a million dollars worth last year), on wines whiskey, natural gas, goat and dog fur, garlic on the string, and Bombay ducks." "If you like to have paper money- which is secured by such commodities - you have it in Fed Note. If you desire to obtain the thing of value upon which this paper currency is based, that is, the limburger cheese, the whiskey, the illicit drugs, or any of the other staples- you will have a very hard time finding them." "Many of these worshipful commodities are in foreign Countries. Are you going to Germany to inspect her warehouses to see if the specified things of value are there? I think more, I do not think that you would find them there if you did go." "On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank depositors in gold to Germany. A week later another $300,000 in gold was shipped to Germany. About the middle of May $12,000,000 in gold was shipped to Germany by the Fed. Almost every week there is a shipment of gold to Germany. These shipments are not made for profit on the exchange since the German marks are blow parity with the dollar." "Mr. Chairman, I believe that the National Bank depositors of these United States have a right to know what the Fed are doing with their money. There are millions of National Bank depositors in the Country who do not know that a percentage of every dollar they deposit in a Member Bank of the Fed goes automatically to American Agents of the foreign banks and that all their deposits can be paid away to foreigners without their knowledge or consent by the crooked machinery of the Fed and the questionable practices of the Fed." [Ed. Note - Problem with next paragraph in original] "Mr. Chairman, the American people should be told the truth by their servants in office. In 1930, we had over a half billion dollars outstanding daily to finance foreign goods stored in or shipped between several billion dollars. What goods are these on which the Fed yearly pledge several billions of dollars. In its yearly total, this item amounts to several billions of dollars of the public credit of these United States?" "What goods are those which are hidden in European and Asiatic stores have not been seen by any officer of our Government but which are being financed on the public credit of the United States Government? What goods are those upon which the 17 United States Government is being obligated by the Fed to issue Fed Notes to the extent of several billions of dollars a year?" The Bankers' Acceptance Racket "The Fed have been International Banks from the beginning, with these United States as their enforced banker and supplier of currency. But it is none the less extraordinary to see these twelve private credit monopolies, buying the debts of foreigners against foreigners, in all parts of the world and asking the Government of these United States for new issues of Fed notes in exchange for them. The magnitude of the acceptance racket as it has been developed by the Fed, their foreign correspondents, and the predatory European born bankers, who set up the Fed here and taught your own, by and of pirates, how to loot the people: I say the magnitude of this racket is estimated to be in the neighborhood of 9,000,000,000 per year. In the past ten years it is said to have amounted to $90,000,000,000.00. In my opinion it has amounted to several times that much. coupled to this you have to the extent of billions of dollars, the gambling in the United States securities, which takes place in the same open discount market- a gambling on which the Fed is now spending $100,000,000.00 per week." "Fed Notes are taken from the U.S. Government in unlimited quantities. Is is strange that the burden of supplying these immense sums of money to the gambling fraternity has at last proved too heavy for the American people to endure? Would it not be a national [calamity to] again bind down this burden on the backs of the American people and by means of a long rawhide whip of the credit masters, compel them to enter another seventeen years of slavery?" "They are trying to do that now. They are trying to take $100,000,000.00 of the public credit of the United States every week, in addition to all their other seizures and they are sending that money to the nefarious open market in a desperate gamble to reestablish their graft as a going concern." "They are putting the United States Government in debt to the extent of $100,000,000 a week, and with the money they are buying our Government securities for themselves and their foreign principals. Our people are disgusted with the experiences of the Fed. The Fed is not producing a loaf of bread, a yard of cloth, a bushel of corn, or a pile of cordwood by its check-kiting operations in the money market." "Mr. Speaker, on the 13th of January of this year I addressed the House on the subject of the Reconstruction Finance Corporation. In the course of my remarks I made the following statement: In 1928 the member banks of the Fed borrowed $60,598,690,000. from the Fed on their fifteen-day promissory notes. Think of it. Sixty billion dollars payable on demand in gold in the course of one single year. The actual amount of such obligations called for six times as much monetary gold as there is in the world. Such transactions represent a grant in the course of one single years of about $7,000,000 to every member of the Fed." "Is it any wonder that American labor which ultimately pays the cost of all banking operations of this Country has at last proved unequal to the task of supplying this huge total of cash and credit for the benefit of the stock market manipulators and foreign swindlers? In 1933 the Fed presented the staggering amount of $60,598,690,000 to its member banks at the expense of the wage earners and tax payers of these United States. In 1929, the year of the stock market crash, the Fed advanced $58,000,000,000 to member banks." "In 1930 while the speculating banks were getting out of the stock market at the expense of the general public, the Fed advanced them $13,022,782,000. This shows that when the banks were gambling on the public credit of these United States as represented by the Fed currency they were subsidized to any amount they required by the Fed. When the swindle began to fall, the bankers knew it in advance and withdrew from the market. They got out with whole skins - and left the people of these United States to pay the piper. My friend from Kansas, Mr. McGugin, has stated that he thought the Fed lent money on rediscounting. So they do, but they lend comparatively little that way. The real discounting that they do has been called a mere penny in the slot business. It is too slow for genuine high flyers. They discourage it. They prefer to subsidize their favorite banks by making them $60,000,000,000 advances and they prefer to acquire assistance in the notorious open discount market in New York, where they can use it to control the price of stocks and bonds on the exchanges." "For every dollar they advanced on discounts in 1928, they lent $33.00 to their favorite banks for whom they do a business of several billion dollars income tax on their profits to these United States." The John Law Swindle "This is the John Law swindle over again. The theft of Teapot Dome was trifling compared to it. What King ever robbed his subject to such an extent as the Fed has robbed us? Is it any wonder that there have been lately ninety cases of starvation in one of the New York hospitals? Is there any wonder that the children are being abandoned?" "The government and the people of these United States have been swindled by swindlers deluxe to whom the acquisition of American or a parcel of Fed Notes presented no more difficulty than the drawing up of a worthless acceptance in a Country not subject to the laws of these United States, by sharpers not subject to the jurisdiction of these United States, sharpers with strong banking "fence" on this side of the water, a 'fence' acting as a receiver of a worthless paper coming from abroad, endorsing it and getting the currency out of the Fed for it as quickly as possible exchanging that currency for gold and in turn transmitting the gold to its foreign confederates." Ivar Kreuger, the Match King! "Such were the exploits of Ivar Krueger, Mr. Hoover's friend, and his rotten Wall Street bakers. Every dollar of the billions Kreuger and his gang drew out of this Country on acceptances was drawn from the government and the people of the United States through the Fed. The credit of the United States Government was peddled to him by the Fed for their own private gain. That is what the Fed has been doing for many years." "They have been peddling the credit of this Government and the [signature of this] Government to the swindlers and speculators of all nations. That is what happens when a Country forsakes its Constitution and gives its sovereignty over the public currency to private interests. Give them the flag and they will sell it." "The nature of Kreuger's organized swindle and the bankrupt condition of Kreuger's combine was known here last June when Hoover sought to exempt Krueger's loan to Germany of $125,000,000 from the operation of the Hoover Moratorium. The bankrupt condition of Krueger's swindle was known her last summer when $30,000,000 was taken from the American taxpayers by certain bankers in New York for the ostensible purpose of permitting Krueger to make a loan to Colombia. Colombia never saw that money." "The nature of Krueger's swindle was known here in January when he visited his friend, Mr. Hoover, at the White House. It was known here in March before he went to Paris and committed suicide." "Mr. Chairman, I think the people of the United States are entitled to know how many billions of dollars were placed at the disposal of Krueger and his gigantic combine by the Fed, and to know how much of our Government currency was issued and lost in the financing of that great swindle in the years during which the Fed took care of Krueger's requirements." "A few days ago, the President of the United States with a white face and shaking hands, went before the Senate of behalf of the moneyed interests and asked the Senate to levy a tax on the people so that foreigners might know that these United States would pay its debt to them." "Most Americans thought it was the other way around. What does these United States owe foreigners? When and by whom was the debt incurred? It was incurred by the Fed, when they peddled the signature of the Government to foreigners- for a Price. It is what the United States Government has to pay to redeem the obligations of the Fed." Thieves Go Scot Free "Are you going to let these thieves get off scot free? Is there one law for the looter who drives up to the door of the United States Treasury in his limousine and another for the United States Veterans who are sleeping on the floor of a dilapidated house on the outskirts of Washington?" "The Baltimore and Ohio Railroad is here asking for a large loan from the people, and the wage earners and the taxpayers of these United States. It is begging for a handout from the Government. It is standing, cap in hand, at the door of the R.F.C. where all the jackals have gathered to the feast. It is asking for money that was raised from the people by taxation and wants this money of the poor for the benefit of Kuhn, Loeb and Co., the German International Bankers." "Is there one law for the Baltimore and Ohio Railroad and another for the hungry veterans it threw off its freight cars the other day? Is there one law for sleek and prosperous swindlers who call themselves bankers and another law for the soldiers who defended the flag? The R.F.C. is taking over these worthless securities from the Investment Trusts with United States Treasury money at the expense of the American taxpayer and the wage earner." "It will take twenty years to redeem our Government. Twenty years of penal servitude to pay off the gambling debts of the traitorous Fed and to vast flood of American wages and savings, bank deposits, and the United States Government credit which the Fed exported out of this country to their foreign principals." "The Fed lately conducted an anti-hoarding campaign here. They they took that extra money which they had persuaded the American people to put into the banks- they sent it to Europe- along with the rest. In the last several months, they have sent $1,300,000,000 in gold to their foreign employers, their foreign masters, and every dollar of that gold belonged to the people of these United States and was unlawfully taken from them." Fiat Money "Mr. Chairman, within the limits of the time allowed me, I cannot enter into a particularized discussion of the Fed. I have singled out the Fed currency for a few remarks because there has lately been some talk here of 'fiat money.' What kind of money is being pumped into the open discount market and through it into foreign channels and stock exchanges? Mr. Mills of the Treasury has spoken here of his horror of the printing presses and his horror of dishonest money. He has no horror of dishonest money. If he had, he would be no party to the present gambling of the Fed in the nefarious open discount market of New York, a market in which the sellers are represented by 10 discount corporations owned and organized by the very banks which own and control the Fed." "Fiat money, indeed!" "What Mr. Mills is fighting for is the preservation, whole and entire, of the banker's monopoly of all the currency of the United States Government." "Mr. Chairman, last December, I introduced a resolution here asking for an examination and an audit of the Fed and all related matters. If the House sees fit to make such an investigation, the people of these United States will obtain information of great value. This is a Government of the people, by the people, for the people. Consequently, nothing should be concealed from the people. The man who deceives the people is a traitor to these United States." "The man who knows or suspects that a crime has been committed and who conceals and covers up that crime is an accessory to it. Mr. Speaker, it is a monstrous thing for this great nation of people to have its destinies presided over by a traitorous government board acting in secret concert with international usurers." "Every effort has been made by the Fed to conceal its powers - but the truth is - the Fed has usurped the Government. It controls everything here and it controls all of our foreign relations. It makes and breaks governments at will." "No man and no body of men is more entrenched in power than the arrogant credit monopoly which operated the Fed. What National Government has permitted the Fed to steal from the people should now be restored to the people. The people have a valid claim against the Fed. If that claim is enforced the Americans will not need to stand in the bread line, or to suffer and die of starvation in the streets. Women will be saved, families will be kept together, and American children will not be dispersed and abandoned." "Here is a Fed Note. Immense numbers of the notes are now held abroad. I am told that they amount to upwards of a billion dollars. They constitute a claim against our Government and likewise a claim against our peoples' money to the extent of $1,300,000,000 which has within the last few months been shipped abroad to redeem Fed Notes and to pay other gambling debts of the traitorous Fed. The greater part of our money stock has been shipped to other lands." "Why should we promise to pay the debts of foreigners to foreigners? Why should the Fed be permitted to finance our competitors in all parts of the world? Do you know why the tariff was raised? It was raised to shut out the flood of Fed Goods pouring in here from every quarter of the globe - cheap goods, produced by cheaply paid foreign labor, on unlimited supplies of money and credit sent out of this Country by the dishonest and unscrupulous Fed." "The Fed are spending $100,000,000 a week buying government securities in the open market and are making a great bid for foreign business. They are trying to make rates so attractive that the human hair merchants and the distillers and other business entities in foreign land will come her and hire more of the public credit of the United States Government to pay the Fed outfit for getting it for them." World Enslavement Planned "Mr. Chairman, when the Fed was passed, the people of these United States did not perceive that a world system was being set up here which would make the savings of the American school teacher available to a narcotic-drug vendor in Acapulco. They did not perceive that these United States was to be lowered to the position of a coolie country which has nothing but raw material and heart, that Russia was destined to supply the man power and that this country was to supply the financial power to an 'international superstate.' A superstate controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure?" "The people of these United States are being greatly wronged. They have been driven from their employments. They have been dispossessed from their homes. They have been evicted from their rented quarters. They have lost their children. They have been left to suffer and die for lack of shelter, food, clothing and medicine." "The wealth of these United States and the working capital have been taken away from them and has either been locked in the vaults of certain banks and the great corporations or exported to foreign countries for the benefit of the foreign customers of these banks and corporations. So far as the people of the United States are concerned, the cupboard is bare." "It is true that the warehouses and coal yards and grain elevators are full, but these are padlocked, and the great banks and corporations hold the keys." "The sack of these United States by the Fed is the greatest crime in history." "Mr. Chairman, a serious situation confronts the House of Representatives today. We are trustees of the people and the rights of the people are being taken away from them. Through the Fed the people are losing the rights guaranteed to them by the Constitution. Their property has been taken from them without due process of law. Mr. Chairman, common decency requires us to examine the public accounts of the Government and see what crimes against the public welfare have been committed." "What is needed here is a return to the Constitution of these United States." "The old struggle that was fought out here in Jackson's time must be fought our over again. The independent United States Treasury should be reestablished and the Government should keep its own money under lock and key in the building the people provided for that purpose." "Asset currency, the devise of the swindler, should be done away with. The Fed should be abolished and the State boundaries should be respected. Bank reserves should be kept within the boundaries of the States whose people own them, and this reserve money of the people should be protected so that the International Bankers and acceptance bankers and discount dealers cannot draw it away from them." "The Fed should be repealed, and the Fed Banks, having violated their charters, should be liquidated immediately. Faithless Government officials who have violated their oaths of office should be impeached and brought to trial." "Unless this is done by us, I predict, that the American people, outraged, pillaged, insulted and betrayed as they are in their own land, will rise in their wrath, and will sweep the money changers out of the temple." "Mr. Chairman, the United States is bankrupt: It has been bankrupted by the corrupt and dishonest Fed. It has repudiated its debts to its own citizens. Its chief foreign creditor is Great Britain, and a British bailiff has been at the White House and the British Agents are in the United States Treasury making inventory arranging terms of liquidations!" Great Britain, Partner in Blackmail "Mr. Chairman, the Fed has offered to collect the British claims in full from the American public by trickery and corruption, if Great Britain will help to conceal its crimes. The British are shielding their agents, the Fed, because they do not wish that system of robbery to be destroyed here. They wish it to continue for their benefit! By means of it, Great Britain has become the financial mistress of the world. She has regained the position she occupied before the World War." "For several years she has been a silent partner in the business of the Fed. Under threat of blackmail, or by their bribery, or by their native treachery to the people of the United States, the officials in charge of the Fed unwisely gave Great Britain immense gold loans running into hundreds of millions of dollars. They did this against the law! Those gold loans were not single transactions. They gave Great Britain a borrowing power in the United States of billions. She squeezed billions out of this Country by means of her control of the Fed." "As soon as the Hoover Moratorium was announced, Great Britain moved to consolidate her gains. After the treacherous signing away of American rights at the 7-power conference at London in July, 1931, which put the Fed under the control of the Bank of International Settlements, Great Britain began to tighten the hangman's noose around the neck of the United States." "She abandoned the gold standard and embarked on a campaign of buying up the claims of foreigners against the Fed in all parts of the world. She has now sent her bailiff, Ramsey MacDonald, here to get her war debt to this country canceled. But she has a club in her hands! She has title to the gambling debts which the corrupt and dishonest Fed incurred abroad." "Ramsey MacDonald, the labor party deserter, has come here to compel the President to sign on the dotted line, and that is what Roosevelt is about to do! Roosevelt will endeavor to conceal the nature of his action from the American people. But he will obey the International Bankers and transfer the war debt that Great Britain should pay to the American people, to the shoulders of the American taxpayers." "Mr. Chairman, the bank holiday in the several States was brought about by the corrupt and dishonest Fed. These institutions manipulated money and credit, and caused the States to order bank holidays." "These holidays were frame-ups! They were dress rehearsals for the national bank holiday which Franklin D. Roosevelt promised Sir Ramsey MacDonald that he would declare." "There was no national emergency here when Franklin D. Roosevelt took office excepting the bankruptcy of the Fed- a bankruptcy which has been going on under cover for several years and which has been concealed from the people so that the people would continue to permit their bank deposits and their bank reserves and their gold and the funds of the United States Treasury to be impounded in these bankrupt institutions." "Under cover, the predatory International Bankers have been stealthily transferring the burden of the Fed debts to the people's Treasury and to the people themselves. They the farms and the homes of the United States to pay for their thievery! That is the only national emergency that there has been here since the depression began." "The week before the bank holiday was declared in New York State, the deposits in the New York savings banks were greater than the withdrawals. There were no runs on New York Banks. There was no need of a bank holiday in New York, or of a national holiday." Roosevelt and the International Bankers "Roosevelt did what the International Bankers ordered him to do!" "Do not deceive yourself, Mr. Chairman, or permit yourself to be deceived by others into the belief that Roosevelt's dictatorship is in any way intended to benefit the people of the United States: he is preparing to sign on the dotted line! He is preparing to cancel the war debts by fraud!" "He is preparing to internationalize this Country and to destroy our Constitution itself in order to keep the Fed intact as a money institution for foreigners. "Mr. Chairman, I see no reason why citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Fed. The statement that gold would be taken from its lawful owners if they did not voluntarily surrender it, to private interests, show that there is an anarchist in our Government." "The statement that it is necessary for the people to give their gold - the only real money - to the banks in order to protect the currency, is a statement of calculated dishonesty!" "By his unlawful usurpation of power on the night of March 5, 1933, and by his proclamation, which in my opinion was in violation of the Constitution of the United States, Roosevelt divorced the currency of the United States from gold, and the United States currency is no longer protected by gold. It is therefore sheer dishonesty to say that the people's gold is needed to protect the currency." "Roosevelt ordered the people to give their gold to private interests - that is, to banks, and he took control of the banks so that all the gold and gold values in them, or given into them, might be handed over to the predatory International Bankers who own and control the Fed." "Roosevelt cast his lot with the usurers. He agreed to save the corrupt and dishonest at the expense of the people of the United States." "He took advantage of the people's confusion and weariness and spread the dragnet over the United States to capture everything of value that was left in it. He made a great haul for the International Bankers." "The Prime Minister of England came here for money! He came here to collect cash!" "He came here with Fed Currency and other claims against the Fed which England had bought up in all parts of the world. And he has presented them for redemption in gold." "Mr. Chairman, I am in favor of compelling the Fed to pay their own debts. I see no reason why the general public should be forced to pay the gambling debts of the International Bankers." Roosevelt Seizes the Gold "By his action in closing the banks of the United States, Roosevelt seized the gold value of forty billions or more of bank deposits in the United States banks. Those deposits were deposits of gold values. By his action he has rendered them payable to the depositors in paper only, if payable at all, and the paper money he proposes to pay out to bank depositors and to the people generally in lieu of their hard earned gold values in itself, and being based on nothing into which the people can convert it the said paper money is of negligible value altogether." "It is the money of slaves, not of free men. If the people of the United States permit it to be imposed upon them at the will of their credit masters, the next step in their downward progress will be their acceptance of orders on company stores for what they eat and wear. Their case will be similar to that of starving coal miners. They, too, will be paid with orders on Company stores for food and clothing, both of indifferent quality and be forced to live in Company-owned houses from which they may be evicted at the drop of a hat. More of them will be forced into conscript labor camps under supervision." "At noon on the 4th of March, 1933, FDR with his hand on the Bible, took an oath to preserve, protect and defend the Constitution of the U.S. At midnight on the 5th of March, 1933, he confiscated the property of American citizens. He took the currency of the United States standard of value. He repudiated the internal debt of the Government to its own citizens. He destroyed the value of the American dollar. He released, or endeavored to release, the Fed from their contractual liability to redeem Fed currency in gold or lawful money on a parity with gold. He depreciated the value of the national currency." "The people of the U.S. are now using unredeemable paper slips for money. The Treasury cannot redeem that paper in gold or silver. The gold and silver of the Treasury has unlawfully been given to the corrupt and dishonest Fed. And the Administration has since had the effrontery to raid the country for more gold for the private interests by telling our patriotic citizens that their gold is needed to protect the currency." "It is not being used to protect the currency! It is being used to protect the corrupt and dishonest Fed. The directors of these institutions have committed criminal offense against the United States Government, including the offense of making false entries on their books, and the still more serious offense of unlawfully abstracting funds from the United States Treasury! Roosevelt's gold raid is intended to help them out of the pit they dug for themselves when they gambled away the wealth and savings of the American people." Dictatorship "The International Bankers set up a dictatorship here because they wanted a dictator who would protect them. They wanted a dictator who would protect them. They wanted a dictator who would issue a proclamation giving the Fed an absolute and unconditional release from their special currency in gold, or lawful money of any Fed Bank." "Has Roosevelt relieved any other class of debtors in this country from the necessity of paying their debts? Has he made a proclamation telling the farmers that they need not pay their mortgages? Has he made a proclamation to the effect that mothers of starving children need not pay their milk bills? Has he made a proclamation relieving householders from the necessity of paying rent?" Roosevelt's Two Kinds of Laws "Not he! He has issued one kind of proclamation only, and that is a proclamation to relieve international bankers and the foreign debtors of the United States Government." "Mr. Chairman, the gold in the banks of this country belongs to the American people who have paper money contracts for it in the form of national currency. If the Fed cannot keep their contracts with United States citizens to redeem their paper money in gold, or lawful money, then the Fed must be taken over by the United States Government and their officers must be put on trial." "There must be a day of reckoning. If the Fed have looted the Treasury so that the Treasury cannot redeem the United States currency for which it is liable in gold, then the Fed must be driven out of the Treasury." "Mr. Chairman, a gold certificate is a warehouse receipt for gold in the Treasury, and the man who has a gold certificate is the actual owner of a corresponding amount of gold stacked in the Treasury subject to his order." "Now comes Roosevelt who seeks to render the money of the United States worthless by unlawfully declaring that it may No Longer be converted into gold at the will of the holder." "Roosevelt's next haul for the International Bankers was the reduction in the pay of all Federal employees." "Next in order are the veterans of all wars, many of whom are aged and inform, and other sick and disabled. These men had their lives adjusted for them by acts of Congress determining the amounts of the pensions, and, while it is meant that every citizen should sacrifice himself for the good of the United States, I see no reason why those poor people, these aged Civil War Veterans and war widows and half-starved veterans of the World War, should be compelled to give up their pensions for the financial benefit of the International vultures who have looted the Treasury, bankrupted the country and traitorously delivered the United States to a foreign foe." "There are many ways of raising revenue that are better than that barbaric act of injustice." "Why not collect from the Fed the amount they owe the U.S. Treasury in interest on all the Fed currency they have taken from the Government? That would put billions of dollars into the U.S. Treasury." "If FDR is as honest as he pretends to be, he will have that done immediately. And in addition, why not compel the Fed to disclose their profits and to pay the Government its share?" "Until this is done, it is rank dishonesty to talk of maintaining the credit of the U.S. Government. My own salary as a member of Congress has been reduced, and while I am willing to give my part of it that has been taken away from me to the U.S. Government, I regret that the U.S. has suffered itself to be brought so low by the vultures and crooks who are operating the roulette wheels and faro tables in the Fed, that is now obliged to throw itself on the mercy of its legislators and charwomen, its clerks, and it poor pensioners and to take money out of our pockets to make good the defalcations of the International Bankers who were placed in control of the Treasury and given the monopoly of U.S. Currency by the misbegotten Fed. I am well aware that the International Bankers who drive up to the door of the United States Treasury in their limousines, look down with scorn upon members of Congress because we work for so little, while they draw millions a year. The difference is that we earn, or try to earn, what we get - and they steal the greater part of their takings." Enemies of the People They Rob "I do not like to see vivisections performed on human beings. I do not like to see the American people used for experimental purposes by the credit masters of the United States. They predicted among themselves that they would be able to produce a condition here in which American citizens would be completely humbled and left starving and penniless in the streets." "The fact that they made that assertion while they were fomenting their conspiracy against the United States that they like to see a human being, especially an American, stumbling from hunger when he walks. Something should be done about it, they say. Five-cent meals, or something! "But FDR will not permit the House of Representatives to investigate the condition of the Fed. FDR will not do that. He has certain International Bankers to serve. They not look to him as the man Higher Up who will protect them from the just wrath of an outraged people." "The International Bankers have always hated our pensioners. A man with a small pension is a ward of the Government. He is not dependent upon them for a salary or wages. They cannot control him. They do not like him. It gave them great pleasure, therefore, to slash the veterans." "But FDR will never do anything to embarrass his financial supporters. He will cover up the crimes of the Fed." "Before he was elected, Mr. Roosevelt advocated a return to the earlier practices of the Fed, thus admitting its corruptness. The Democratic platform advocated a change in the personnel of the Fed. These were campaign bait. As a prominent Democrat lately remarked to me; 'There is no new deal. The same old crowd is in control.'" "The claims of foreign creditors of the Fed have no validity in law. The foreign creditors were the receivers - and the willing receivers - of stolen goods! They have received through their banking fences immense amounts of currency, and that currency was unlawfully taken from the United States Treasury by the Fed." "England discovered the irregularities of the Fed quite early in its operations and through fear, apparently, the Fed have for years suffered themselves to be blackmailed and dragooning England to share in the business of the Fed. The Fed have unlawfully taken many millions of dollars of the public credit of the United States and have given it to foreign sellers on the security of the Debt paper of foreign buyers in purely foreign transactions, and when the foreign buyers refused to meet their obligations and the Fed saw no honest way of getting the stolen goods back into their possession, they decided by control of the executive to make the American people pay their losses!" Conspiracy of War Debts "They likewise entered into a conspiracy to deprive the people of the U.S. of their title to the war debts and not being able to do that in the way they intended, they are now engaged in an effort to debase the American dollar so that foreign governments will have their debts to this country cut in two, and then by means of other vicious underhanded arrangements, they propose to remit the remainder." "So far as the U.S. is concerned, the gambling counters have no legal standing. The U.S. Treasury cannot be compelled to make good the gambling ventures of the corrupt and dishonest Fed. Still less should the bank deposits of the U.S. be used for that purpose. Still less should the national currency have been made irredeemable in gold so that the gold which was massed and stored to redeem the currency for American citizens may be used to pay the gambling debts of the Fed for England's benefit. The American people should have their gold in their own possession where it cannot be held under secret agreement for any foreign control bank, or world bank, or foreign nation. Our own citizens have the prior claim to it. The paper [money men] have in their possession deserves redemption far more than U.S. currency and credit which was stolen from the U.S. Treasury and bootlegged abroad." "Why should the foreigners be made preferred creditors of the bankrupt U.S.? Why should the U.S. be treated as bankrupt at all? This Government has immense sums due it from the Fed. The directors of these institutions are men of great wealth. Why should the guilty escape the consequences of their misdeeds? Why should the people of these U.S. surrender the value of their gold bank deposits to pay off the gambling debts of these bankers? Why should Roosevelt promise foreigners that the U.S. will play the part of a good neighbor, 'meeting its obligations'?" "Let the Fed meet their own obligations." "Every member of the Fed should be compelled to disgorge, and every acceptance banker and every discount corporation which has made illegal profits by means of public credit unlawfully bootlegged out of the U.S. Treasury and hired out by the crooks and vultures of the Fed should be compelled to disgorge." Federal Reserve Pays No Taxes "Gambling debts due to foreign receivers of stolen goods should not be paid by sacrificing our title to our war debts, the assets of the U.S. Treasury- which belong to all the people of the U.S. and which it is our duty to preserve inviolate in the people's treasury." "The U.S. Treasury cannot be made liable for them. The Fed currency must be redeemed by the Fed banks or else these Fed banks must be liquidated." "We know from assertions made here by the Hon. John N. Garner, Vice-President of the U.S. that there is a condition in the [United States such] would cause American citizens, if they knew what it was, to lose all confidence in their government." "That is a condition that Roosevelt will not have investigated. He has brought with him from Wall Street, James Warburg, the son of Paul M. Warburg. Mr. Warburg, alien born, and the son of an alien who did not become naturalized here until several years after this Warburg's birth, is a son of a former partner of Kuhn, Loeb and Co., a grandson of another partner, a nephew of a former partner, and a nephew of a present partner." "He holds no office in our Government, but I am told that he is in daily attendance at the Treasury, and that he has private quarters there! In other words, Mr. Chairman, Kuhn, Loeb and Company now has control and occupy the U.S. Treasury." Preferred Treatment for Foreigners "The text of the Executive order which seems to place an embargo on shipments of gold permits the Secretary of the Treasury, a former director of the corrupt, to issue licenses at his discretion for the export of gold coin, or bullion, earmarked or held in trust for a recognized foreign government or foreign central bank for international settlement. Now, Mr. Chairman, if gold held in trust for those foreign institutions may be sent to them, I see no reason why gold held in trust for American as evidenced by their gold certificates and other currency issued by the U.S. Government should not be paid to them. "I think that American citizens should be entitled to treatment at least as good as that which the person is extending to foreign governments, foreign central banks, and the bank of International Settlements. I think a veteran of the world war, with a $20.00 gold certificate, is at least as much entitled to receive his own gold for it, as any international banker in the city of New York or London." "By the terms of this executive order, gold may be exported if it is actually required, for the fulfillment of any contract entered into prior to the date of this order by an applicant who, in obedience to the executive order of April 5, 1933, has delivered gold coin, gold bullion, or gold certificates. This means that gold may be exported to pay the obligations abroad of the Fed which were incurred prior to the date of the order, namely, April 20, 1933." "If a European Bank should send 100,000,000 dollars in Fed currency to a bank in this country for redemption, that bank could easily ship gold to Europe in exchange for that currency. Such Fed currency would represent 'contracts' entered into prior to the date of the order. If the Bank of International Settlements or any other foreign bank holding any of the present gambling debt paper of the Fed should draw a draft for the settlement of such obligation, gold would be shopped to them because the debt contract would have been entered into prior to the date of order." Crimes and Criminals "Mr. Speaker, I rise to a question of constitutional privilege. "Whereas, I charge. . .Eugene Meyer, Roy A. Young, Edmund Platt, Eugene B. Black, Adolph Casper Miller, Charles S. Hamlin, George R. James, Andrew W. Mellon, Ogden L. Mills, William H. Woo W. Poole, J.F.T. O'Connor, members of the Federal Reserve Board; F. H. Curtis, J.H. Chane, R.L. Austin, George De Camp, L.B. Williams, W.W. Hoxton, Oscar Newton, E.M. Stevens, J.S. Wood, J.N. Payton, M.L. McClure, C.C. Walsh, Isaac B. Newton, Federal Reserve Agents, jointly and severally, with violations of the Constitution and laws of the United States, and whereas I charge them with having taken funds from the U.S. Treasury which were not appropriated by the Congress of the United States, and I charge them with having unlawfully taken over $80,000,000,000 from the U.S. Government in the year 1928, the said unlawful taking consisting of the unlawful creation of claims against the U.S. Treasury to the extent of over $80,000,000,000 in the year 1928; and I charge them with similar thefts committed in 1929, 1930, 1931, 1932 and 1933, and in years previous to 1928, amounting to billions of dollars; and "Whereas I charge them, jointly and severally with having unlawfully created claims against the U.S. Treasury by unlawfully placing U.S. Government credit in specific amounts to the credit of foreign governments and foreign central banks of issue; private interests and commercial and private banks of the U.S. and foreign countries, and branches of foreign banks doing business in the U.S., to the extent of billions of dollars; and with having made unlawful contracts in the name of the U.S. Government and the U.S. Treasury; and with having made false entries on books of account; and "Whereas I charge them jointly and severally, with having taken Fed Notes from the U.S. Treasury and with having put Fed Notes into circulation without obeying the mandatory provision of the Fed Act which requires the Fed Board to fix an interest rate on all issues of Fed Notes supplied to Fed Banks, the interest resulting therefrom to be paid by the Fed Banks to the government of the U.S. for the use of the Fed Notes, and I charge them of having defrauded the U.S. Government and the people of the U.S. of billions of dollars by the commission of this crime, and "Whereas I charge them, jointly and severally, with having purchased U.S. Government securities with U.S. Government credit unlawfully taken and with having sold the said U.S. Government securities back to the people of the U.S. for gold or gold values and with having again purchased U.S. Government securities with U.S. Government credit unlawfully taken and with having again sold the said U.S. Government security for gold or gold values, and I charge them with having defrauded the U.S. Government and the people of the U.S. by this rotary process; and "Whereas I charge them, jointly and severally, with having unlawfully negotiated U.S. Government securities, upon which the Government liability was extinguished, as collateral security for Fed Notes and with having substituted such securities for gold which was being held as collateral security for Fed Notes, and with having by the process defrauded the U.S. Government and the people of the U.S., and I charge them with the theft of all the gold and currency they obtained by this process; and "Whereas I charge them, jointly and severally, with having unlawfully issued Fed currency on false, worthless and fictitious acceptances and other circulating evidence of debt, and with having made unlawful advances of Fed currency, and with having unlawfully permitted renewals of acceptances and renewals of other circulating evidences of debt, and with having permitted acceptance bankers and discount dealer corporations and other private bankers to violate the banking laws of the U.S.; and "Whereas I charge them, jointly and severally, with having conspired to have evidences of debt to the extent of $1,000,000,000 artificially created at the end of February, 1933, and early in March 1933, and with having made unlawful issues and advances of Fed currency on the security of said artificially created evidences of debt for a sinister purpose, and with having assisted in the execution of said sinister purpose; and "Whereas I charge them, jointly and severally, with having brought about the repudiation of the currency obligations of the Fed Banks to the people of the U.S. and with having conspired to obtain a release for the Fed Board and the Fed Banks from their contractual liability to redeem all Fed currency in gold or lawful money at the Fed Bank and with having defrauded the holders of Fed currency, and with having conspired to have the debts and losses of the Fed Board and the Fed Banks unlawfully transferred to the Government and the people of the U.S., and "Whereas I charge them, jointly and severally, with having unlawfully substituted Fed currency and other irredeemable paper currency for gold in the hands of the people after the decision to repudiate the Fed currency and the national currency was made known to them, and with thus having obtained money under false pretenses; and "Whereas I charge them, jointly and severally, with having brought about a repudiation of the notes of the U.S. in order that the gold value of the said currency might be given to private interests, foreign governments, foreign central banks of issues, and the Bank of International Settlements, and the people of the U.S. to be left without gold or lawful money and with no currency other that a paper currency irredeemable in gold, and I charge them with having done this for the benefit of private interests, foreign governments, foreign central banks of issue, and the bank of International Settlements; and "Whereas I charge them, jointly and severally, with conniving with the Edge Law banks, and other Edge Law institutions, accepting banks, and discount corporations, foreign central banks of issue, foreign commercial banks, foreign corporations, and foreign individuals with funds unlawfully taken from the U.S. Treasury; and I charge them with having unlawfully permitted and made possible 'new financing' for foreigners at the expense of the U.S. Treasury to the extent of billions of dollars and with having unlawfully permitted and made possible the bringing into the United States of immense quantities of foreign securities, created in foreign countries for export to the U.S. and with having unlawfully permitted the said foreign securities to be imported into the U.S. instead of gold, which was lawfully due to the U.S. on trade balances and otherwise, and with having lawfully permitted and facilitated the sale of the said foreign securities in the U.S., and "Whereas I charge them, jointly and severally, with having unlawfully exported U.S. coins and currency for a sinister purpose, and with having deprived the people of the U.S. of their lawful medium of exchange, and I charge them with having arbitrarily and unlawfully reduced the amount of money and currency in circulation in the U.S. to the lowest rate per capita in the history of the Government, so that the great mass of the people have been left without a sufficient medium of exchange, and I charge them with concealment and evasion in refusing to make known the amount of U.S. money in coins and paper currency exported and the amount remaining in the U.S. as a result of which refusal the Congress of the U.S. is unable to ascertain where the U.S. coins and issues of currency are at the present time, and what amount of U.S. currency is now held abroad; and "Whereas I charge them, jointly and severally, with having arbitrarily and unlawfully raised and lowered the rates of money and with having arbitrarily increased and diminished the volume of currency in circulation for the benefit of private interests at the expense of the Government and the people of the U.S. and with having unlawfully manipulated money rates, wages, salaries and property values both real and personal, in the U.S. by unlawful operations in the open discount market and by resale and repurchase agreements unsanctioned by law, and "Whereas I charge them jointly and severally, with having brought about the decline in prices on the New York Stock Exchange and other exchanges in October, 1929, by unlawful manipulation of money rates and the volume of U.S. money and currency in circulation: by theft of funds from the U.S. Treasury by gambling in acceptances and U.S. Government securities; by service rendered to foreign and domestic speculators and politicians, and by unlawful sale of U.S. gold reserves abroad, and "Whereas the unconstitutional inflation law imbedded in the so-called Farm Relief Act by which the Fed Banks are given permission to buy U.S. Government securities to the extent of $3,000,000,000 and to drew forth currency from the people's Treasury to the extent of $3,000,000,000 is likely to result in connivance on the part of said accused with others in the purchase by the Fed of the U.S. Government securities to the extent of $3,000,000,000 with U.S. Government's own credit unlawfully taken, it being obvious that the Fed do no not intend to pay anything of value to the U.S. Government for the said U.S. Government securities no provision for payment in gold or lawful money appearing in the so-called Farm Relief bill- and the U.S. Government will thus be placed in a position of conferring a gift of $3,000,000,000 in the U.S. Government securities on the Fed to enable them to pay more on their bad debts to foreign governments, foreign central banks of issue, private interests, and private and commercial banks, both foreign and domestic, and the Bank of International Settlements, and "Whereas the U.S. Government will thus go into debt to the extent of $3,000,000,000 and will then have an additional claim of $3,000,000,000 in currency unlawfully created against it and whereas no private interest should be permitted to buy U.S. Government securities with the Government's own credit unlawfully taken and whereas currency should not be issued for the benefit of said private interest or any interests on U.S. Government securities so acquired, and whereas it has been publicly stated and not denied that the inflation amendment of the Farm Relief Act is the matter of benefit which was secured by Ramsey MacDonald, the Prime Minister of Great Britain, upon the occasion of his latest visit to the U.S. Treasury, and whereas there is grave danger that the accused will employ the provision creating U.S. Government securities to the extent of $3,000,000,000 and three millions in currency to be issuable thereupon for the benefit of themselves and their foreign principals, and that they will convert the currency so obtained to the uses of Great Britain by secret arrangements with the Bank of England of which they are the agents, and for which they maintain an account and perform services at the expense of the U.S. Treasury, and that they will likewise confer benefits upon the Bank of International Settlements for which they maintain an account and perform services at the expense of the U.S. Treasury; and "Whereas I charge them, jointly and severally, with having concealed the insolvency of the Fed and with having failed to report the insolvency of the Fed to the Congress and with having conspired to have the said insolvent institutions continue in operation, and with having permitted the said insolvent institutions to receive U.S. Government funds and other deposits, and with having permitted them to exercise control over the gold reserves of the U.S. and with having permitted them to transfer upward of $100,000,000,000 of their debts and losses to the general public and the Government of the U.S., and with having permitted foreign debts of the Fed to be paid with the property, the savings, the wages, and the salaries of the people of the U.S. and with the farms and the homes of the American people, and whereas I charge them with forcing the bad debts of the Fed upon the general public covertly and dishonestly and with taking the general wealth and savings of the people of the U.S. under false pretenses, to pay the debts of the Fed to foreigners; and "Whereas I charge them, jointly and severally, with violations of the Fed Act and other laws; with maladministration of the h evasions of the Fed Law and other laws; and with having unlawfully failed to report violations of law on the part of the Fed Banks which, if known, would have caused the Fed Banks to lose their charters, and "Whereas I charge them, jointly and severally, with failure to protect and maintain the gold reserves and the gold stock and gold coinage of the U.S. and with having sold the gold reserves of the U.S. to foreign Governments, foreign central banks of issue, foreign commercial and private banks, and other foreign institutions and individuals at a profit to themselves, and I charge them with having sold gold reserves of the U.S. so that between 1924 and 1928 the U.S. gained no gold on net account but suffered a decline in its percentage of central gold reserves from the 45.9 percent in 1924 to 37.5 percent in 1928 notwithstanding the fact that the U.S. had a favorable balance of trade throughout that period, and "Whereas I charge them, jointly and severally, with having conspired to concentrate U.S. Government securities and thus the national debt of the U.S. in the hands of foreigners and international money lenders and with having conspired to transfer to foreigners and international money lenders title to and control of the financial resources of the U.S.; and "Whereas I charge them, jointly and severally, with having fictitiously paid installments on the national debt with Government credit unlawfully taken; and "Whereas I charge them, jointly and severally, with the loss of the U.S. Government funds entrusted to their care; and "Whereas I charge them, jointly and severally, with having destroyed independent banks in the U.S. and with having thereby caused losses amounting to billions of dollars to the said banks, and to the general public of the U.S., and "Whereas I charge them, jointly and severally, with the failure to furnish true reports of the business operations and the true conditions of the Fed to the Congress and the people, and having furnished false and misleading reports to the congress of the U.S., and "Whereas I charge them, jointly and severally, with having published false and misleading propaganda intended to deceive the American people and to cause the U.S. to lose its independence; and "Whereas I charge them, jointly and severally, with unlawfully allowing Great Britain to share in the profits of the Fed at the expense of the Government and the people of the U.S.; and "Whereas I charge them, jointly and severally, with having entered into secret agreements and illegal transactions with Montague Norman, Governor of the Bank of England; and "Whereas I charge them, jointly and severally, with swindling the U.S. Treasury and the people of the U.S. in pretending to have received payment from Great Britain of the amount due on the British ware debt to the U.S. in December, 1932; and "Whereas I charge them, jointly and severally, with having conspired with their foreign principals and others to defraud the U.S. Government and to prevent the people of the U.S. from receiving payment of the war debts due to the U.S. from foreign nations; and "Whereas I charge them, jointly and severally, with having robbed the U.S. Government and the people of the U.S. by their theft and sale of the gold reserves of the U.S. and other unlawful transactions created a deficit in the U.S. Treasury, which has necessitated to a large extent the destruction of our national defense and the reduction of the U.S. Army and the U.S. Navy and other branches of the national defense; and "Whereas I charge them, jointly and severally, of having reduced the U.S. from a first class power to one that is dependent, and with having reduced the U.S. from a rich and powerful nation to one that is internationally poor; and "Whereas I charge them, jointly and severally, with the crime of having treasonable conspired and acted against the peace and security of the U.S. and with having treasonable conspired to destroy constitutional Government in the U.S. "Resolve, That the Committee on the Judiciary is authorized and directed as a whole or by subcommittee, to investigate the official conduct of the Fed agents to determine whether, in the opinion of the said committee, they have been guilty of any high crime or misdemeanor which in the contemplation the Constitution requires the interposition of the Constitutional powers of the House. Such Committee shall report its finding to the House, together with such resolution or resolutions of impeachment or other recommendations as it deems proper. "For the purpose of this resolution the Committee is authorized to sit and act during the present Congress at such times and places in the District of Columbia or elsewhere, whether or not the House is sitting, has recessed or has adjourned, to hold such clerical, stenographic, and other assistants, to require of such witnesses and the production of such books, papers, and documents, to take such testimony, to have such printing and binding done, and to make such expenditures as it deems necessary." After some discussion and upon the motion of Mr. Byrns, the resolution and charge was referred to the Committee on the Judiciary. "Attacks on McFadden's Life Reported" Commenting on Former Congressman Louis T. McFaddens's "heart-failure sudden-death" on Oct. 3, 1936, after a "dose" of "intestinal flu," "Pelley's Weekly" of Oct. 14 said: Now that this sterling American patriot has made the Passing, it can be revealed that not long after his public utterance against the encroaching powers of Judah, it became known among his intimates that he had suffered two attacks against his life. The first attack came in the form of two revolver shots fired at him from ambush as he was alighting from a cab in front of one of the Capital hotels. Fortunately both shots missed him, the bullets burying themselves in the structure of the cab. "He became violently ill after partaking of food at a political banquet at Washington. His life was only saved from what was subsequently announced as a poisoning by the presence of a physician friend at the banquet, who at once procured a stomach pump and subjected the Congressman to emergency treatment." - Robert Edward Edmondson (Publicist-Economist) President Andrew Jackson stated in reference to the bankers at the state of his administration: "You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out." ______________________________________