History of Money Part VIII

After Lincoln was assassinated, the idea that America might print its own debt free money set off warning bells throughout the entire European banking community, of course led by the Rothschilds. On April 12, 1866, Congress passed the Contraction Act, allowing the treasury to call in and retire some of Lincoln's greenbacks. With only the banks standing to gain from this, it is quite clear who was behind this action. To give the American public the false impression that they would be better off the gold standard, the money changers used the control they had to cause economic instability and panic among the public. All they had to do was a proven technique, call in existing loans and refuse to issue new ones resulting in a depression. Then they would spread the word through the media they largely controlled that the lack of a single gold standard was the cause of the hardship which ensued, meanwhile using the Contraction Act to lower the amount of debt free money in circulation.

This situation sounds familiar! Where have I heard similar stories recently? Oh yeah, today we are entering a recession caused by the sub-prime mortgage meltdown. New loans are not being issued, the money supply being contracted, and existing loans being called in. It seems like the same formula. Coincidence?

W. Cleon Skousen said, "Right after the Civil War there was considerable talk about reviving Lincoln's brief experiment with the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt become an established institution."

By 1872, the American public was beginning to feel the squeeze, so the Bank of England sent Ernest Seyd, with lots of money to bribe Congress into demonetizing silver. Seyd drafted the legislation himself, which came into law with the passing of the Coinage Act, effectively stopping the minting of silver that year. Seyd said, "I went to America in the winter of 1872-73, authorized to secure, if I could, the passage of a bill demonetizing silver. It was in the interest of those I represented - the governors of the Bank of England - to have it done. By 1873, gold coins were the only form of coin money."

Within three years, with 30% of the work force unemployed, the American people began to harken back to the days of silver backed money and the greenbacks. James Garfield became President in 1881 with a firm grasp of where the problem lay. He said, "Whosoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

Within weeks of issuing this statement, President Garfield was assassinated. Another coincidence?

'Fleecing of the flock' is the expression the money changers use for the process of booms and depressions which make it possible for them to repossess property at a fraction of its worth. In 1891, a major fleece was being planned. "On Sept. 1st, 1894, we will not renew our loans under any consideration. On Sept. 1st we will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at our own price... Then the farmers will become tenants as in England..." 1891 American Bankers Association as printed in the Congressional Record of April 29, 1913.

This type of activity has continued for hundreds of years. They know exactly what and how to do this from patterns developed by the Rothschilds. Desperate people have little time and energy for logic. J.P Morgan, one of the Rothschild lieutenants, set up another crash in 1907. With the stock market slump causing most of the over extended banks to falter, J.P. Morgan steps in offering to save the day. Morgan was authorized to print $200 million from nothing, which he used to prop things up. Some of the troubled banks with less than 1% in reserve had no choice but to accept this solution or go under. Even if they had worked out that their problems had been caused by the same people offering the solution, there is not a lot they could have done about it.

Today, the Federal Reserve acts in this capacity. The actual people pulling the strings become more and more obscured behind corporate veils. The Fed lowers and raises interest rates to lower or increase the money supply. Tomorrow, more will be covered on this privately controlled institution and classic tool of war in "the War to End All Wars".

So he made a whip out of cords, and drove all from the temple area, both sheep and cattle; he scattered the coins of the money changers and overturned their tables. John 2:15 (NIV)

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