Centralization of the American Banking System

see also The London Connection - Secrets of the Federal Reserve
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see also Banking with Hitler (Video)
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Enslave a Population 101

one-dollar

“The Central Bank is an institution of the most deadly hostility existing against the principles and form of our constitution… if the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”
~ Thomas Jefferson (1)


“Give me control over a nations currency, and I care not who makes its laws.” ~Baron M.A. Rothschild (1)

Creation of a central bank in the United States was a big step towards loss of national sovereignty. In 1836, Andrew Jackson destroyed the Bank of the United States, due to his belief that it had caused governmental distress. Until 1907, the United States existed without a central bank. Congressman Charles Lindbergh, Sr, stated:

“The Money Trust caused the 1907 panic, and thereby forced Congress to create a National Monetary Commission.” The NMC, headed by Senator Nelson Aldrich, father-in-law to John Rockefeller, recommended the creation of a central bank.

In 1895, the Supreme Court declared a National Income Tax to be unconstitutional. Senator Aldrich proposed a constitutional amendment, ratified in 1913. This 16th amendment states “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration.” (US Constitution, Amendment XVI). A progressive income tax is Plank #2 of the “Communist Manifesto”.

This income tax did not, however, tax the wealthy more than the poor. In fact, people such as John Rockefeller created four tax exempt organizations into which he could put up to half of his yearly earnings, which would then be tax-deductible, and yet still benefit him in some way. The Rockefeller househould can be seen from here on in the foundations of the
Illuminati in the American power scheme.

Until this point, only “Congress shall have power… to coin Money, regulate the Value thereof” (Article 1, Section 8, US Constitution). President William Taft vowed to veto any legislation which had to do with establishing a central bank. Thus, Woodrow Wilson was elected President in 1912, due to the splitting of the Republican Party vote through money poured into the election funds of Teddy Roosevelt and the Progressive Party by JP Morgan and Co. (1) Many, however, believe that Wilson did not have many individual thoughts credited to his name, and instead it was his cheif advisor, Colonel Edward House, who guided Wilson through the creation of the Federal Reserve, and the income tax, as well as many other socialist ideals gathered through the writings of Karl Marx.


On December 23, 1913, the Federal Reserve was created, centralizing America’s bank into a privately owned organization that controlled interest rates, inflation, and could lend money to the United States, which was returned through income tax. This increased the national debt, as money was now freely available, especially after leaving the gold standard in 1934. However, those people who run the Federal Reserve, later seen as the Council on Foreign Affairs, profit quite well from this system.

Three years after the Federal Reserve Act was signed into law,

President Woodrow Wilson stated, “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.” (2)

In Wilson’s book The New Freedom, he states “Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U. S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." (5)

The act of the Federal Reserve controlling the nation’s financial situation is readily seen in the stock market crash of 1929. From 1923-1929, the Federal Reserve expanded the supply of money in the United States by 62%, and thus many saw prosperous times. Right before the crash, many important investors received a tip by Paul Warburg that the Crash was coming, and were able to leave before it occurred. After the crash, these people who still had their fortunes were able to buy companies for pennies on the dollar, and the “buying power, and wealth, of the rich increased enormously.

Louis McFadden, Chairman of the House Banking committee declared: "It was not accidental. It was a carefully contrived occurrence... The international bankers sought to being about a condition of despair here so that they might emerge as rulers of us all." (1)


"Does it not seem strange to you that these men just happened to be Council on Foreign Relations and just happened to be on the Board of Governors of the Federal Reserve, that absolutley controls the money and interest rates of this great country without the benefit of Congress? A privately owend organization, the Federal Reserve, which has absolutely nothing to do with the United States of America!

~Barry Goldwater, With No Apologies, pg 231 (4)
History of the Dollar Bill




(1) Blase, William. "The Council on Foreign Relations (CFR) and the New World Order ." The Courier. 1995. http://www.conspiracyarchive.com/NWO/Council_Foreign_Relations.htm
(2) Cyberpatriot. "A History of the New World Order-Part 1." http://www.geocities.com/CapitolHill/Lobby/1887/secondessay.html
(3) http://www.cfr.org/about/grosse01.php
(4) Sickler, Melvin. "The Council on Foreign Relations and the Trilateral Commission: The two organizations that run the United States." http://www.prolognet.qc.ca/clyde/cfr.html
(5) Wilson, Woodrow. The New Freedom. 1913. http://free.freespeech.org/unlimitedfreedom/nwo.html











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