History of Money Part X

With the creation of the newly formed Federal Reserve, the Rothschilds and their associates now finally had control of the American economy. Here is a summary on how the privately owned Federal Reserve creates money out of thin air by the magical effects of fractional reserve banking.

1. The purchase of bonds is approved by the Federal Open Market Committee.

2. The Fed buys the bonds which it pays for with electronic credits made to the sellers bank. These credits are based on nothing.

3. The receiving banks then use these credits as reserves from which they can loan out ten times the amount.

To reduce the amount of money in the economy they simply reverse the process.

The Fed sells bonds to the public and money is drawn from the purchasers bank to pay for them.

Each million withdrawn lowers the banks ability to loan by 10 million; or the reverse, each million deposited raises the banks ability to loan by 10 million.

In this way, the Federal Reserve has control of the US money supply, just as each country's central bank in Europe and elsewhere does in the same way. The bankers, through fractional reserve banking, have been delegated the right to create 90% of the money supply. This control makes a mockery of any elected government. It places so called elected leaders behind a toy steering wheel, like the plastic ones, set up to amuse small children.

So with the world as their game board, the Rothschilds wanted to put their pieces in play. With respect to World War I or “the War to End All Wars”, it was more than a case of too many bullies on one block. What happens when you want to get rid of the bad element of rival groups? – you instigate a fight and let them eliminate each other. However, the people who ultimately benefit are the ones supplying the weapons and the banks loaning money to the fighting groups. The Central Powers, led by the German, Austro-Hungarian, and Ottoman empires, were imperialists looking for European control. Feed the ego. The Entente Powers, led by Britain, France, and Russia, were drawn into the war based on international alliances once Serbia was in trouble.

So, the Germans borrowed money from the German Rothschilds bank, the British from the British Rothschilds bank, and the French from the French Rothschilds bank. American super banker J. P. Morgan was amongst other things also a sales agent for war materials. Six months into the war, his spending of $10 million per day made him the largest consumer on the planet.

To get back to the point of who benefits, because of the many alliances, there were also trade barriers among the empires. The international bankers backed by the Rothschilds wanted more open trade to facilitate more financial transactions. After two years of fighting and most of Europe being destroyed, the US finally was drawn in after a German U-boat sank the British passenger liner Lusitania with 128 Americans aboard. Up to that point, the American public did not want to be involved in a European war. The isolationist mentality was discarded when the loss of life occurred. All you need is a spark around a powder keg to really ignite matters.

Russia dropped out of the World War I because of the Russian revolution in 1917. Russia had spoiled the money changers plan to split America in two during the Civil War, and remained the last major country not to have its own bank. This would not do. During the revolution, the entire Russian Royal Family was killed and Communism began. This uprising, surprisingly, was fueled with British money.

Author Gary Allen explained why capitalist businessmen would finance communism. "If one understands that socialism is not a share-the-wealth program, but is in reality a method to consolidate and control the wealth, then the seeming paradox of super-rich men promoting socialism becomes no paradox at all. Instead, it becomes logical, even the perfect tool of power-seeking megalomaniacs. Communism or more accurately, socialism, is not a movement of the downtrodden masses, but of the economic elite."

With Russia down, the money changers now had control of every major national economy. Like a wolf gathering its pack, there was only one thing left to do and that was to tie everything together on a global basis. The first attempt was the proposal at the Paris Peace Conference after WWI to set up the League of Nations. Old habits die hard, and even what they called 'the war to end all wars' was not enough to convince nations to dissolve their boundaries. The League could not control the aggressive natures of the individuals running countries and was also ineffective at resolving trade disputes. Also, the US never joined, despite being led by President Woodrow Wilson. The first attempt at world government had failed, but it would not be the last.

W. Cleon Skousen wrote in his book 'The Naked Capitalist', "Power from any source tends to create an appetite for additional power... It was almost inevitable that the super-rich would one day aspire to control not only their own wealth, but the wealth of the whole world. To achieve this, they were perfectly willing to feed the ambitions of the power-hungry political conspirators who were committed to the overthrow of all existing governments and the establishments of a central world-wide dictatorship."

This formula would be used over and over again in the next century. Next week, the events leading to WWII and beyond will be covered. Stay tuned ...

This is what the LORD Almighty, the God of Israel, says: 'I will put an iron yoke on the necks of all these nations to make them serve Nebuchadnezzar king of Babylon, and they will serve him. I will even give him control over the wild animals.' Jeremiah 28:14 (NIV)

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

History of Money Part IX

Despite the earlier failed attempts at controlling the American economy, the Rothschilds and their associates did not give up. After Jackson and Lincoln, the central bank idea had a bad reputation. So their next attempt at control would have to be more cleverly disguised. Under the cover of night, a group of seven individuals stole away aboard darkened rail cars to a secret meeting on Jekyll Island, Georgia. They conceived the largest act of treason in American history.

The purpose of this meeting on Jekyll Island was to come to an agreement on the structure and operation of an American banking cartel. The goal of the cartel, as is true with all of them, was to maximize profits by minimizing competition between members, to make it difficult for new competitors to enter the field, and to utilize the police power of government to enforce the cartel agreement. They also came up with a strategy of how to convince Congress and the public that this cartel was an agency of the United States government. In more specific terms, the purpose and, indeed, the actual outcome of this meeting was to create the blueprint for the Federal Reserve System.

These seven individuals represented the Rothschild organization. They were as follows:
1. Nelson W. Aldrich, Republican "whip" in the Senate, Chairman of the National Monetary Commission, business associate of J.P. Morgan, father-in-law to John D. Rockefeller, Jr.;

2. Abraham Piatt Andrew, Assistant Secretary of the United States Treasury;

3. Frank A. Vanderlip, president of the National City Bank of New York, the most powerful of the banks at that time, representing William Rockefeller and the international investment banking house of Kuhn, Loeb & Company;

4. Henry P. Davison, senior partner of the J.P Morgan Company;

5. Charles D. Norton, president of J.P. Morgan's First National Bank of New York;

6. Benjamin Strong, head of J.P. Morgan's Bankers Trust Company; and

7. Paul M. Warburg, a partner in Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty in England and France, and brother to Max Warburg who was head of the Warburg banking consortium in Germany and the Netherlands.

Max Warburg, incidentally, was the financial adviser of the Kaiser of Germany and became Director of the Reichsbank. This was, of course, a central bank, and it was one of the cartel models used in the construction of the Federal Reserve System. The Reichsbank, a few years later, would create the massive hyperinflation that occurred in Germany, wiping out the middle class and the entire German economy in the process.

The name, Federal Reserve, is an open deception designed to give this private bank the appearance that it is operating in the public's interest; when in fact it is run solely to gain private profit for select stockholders. It was Aldrich's thought to outflank the competition by having not one central bank but many. It is not federal and it does not have reserves. It uses fractional reserve banking policies to lend money to the government at interest. This interest in turn is paid for by the sale of US government securities and bonds, offering proposed creditability. The government prints as much money as they need in any denomination for the same flat rate to cover the costs of paper, ink, and security measures.

Furthermore, all payments to the IRS in federal income tax goes to pay the interest on the debt. Not one penny of your income tax payments go for roads, schools, or any other citizen benefit. This was published in the Grace Commission report in 1982 sponsored by President Reagan. "With two-thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government."

On December 23, 1913, the House of Representatives had passed the Federal Reserve Act. It was still having difficulty getting it passed in the Senate. Most members of Congress had gone home for the holidays, but unfortunately the Senate had not adjourned sene die (without day) so they were technically still in session. There were only three members still present. On a unanimous consent voice vote, the 1913 Federal Reserve Act was passed. No objection was made, of course no one was there to object.

Charles Lindbergh and others would have objected if present. Lindbergh said, "The financial system has been turned over to... the federal reserve board. That board administers the finance system by authority of... a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other peoples money." Charles A. Lindbergh (R-MN)

"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board... This evil institution has impoverished... the people of the United States... and has practically bankrupted our Government. It had done this through... the corrupt practice of the moneyed vultures who control it." Rep. Louis T. McFadden (R-PA)

"Most Americans have no real understanding of the operation of the international money lenders... The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and ... manipulates the credit of the United States." Sen. Barry Goldwater (R-AZ)

By the way, only Congress was authorized by the Constitution to have the power to print money backed by gold and silver. Article 1, Section 8-1,2,5, 10-1. "The Congress shall have power to lay and collect taxes, duties, imposts, and excises, to pay the debts... To borrow money on the credit of the United States; ... To coin money, regulate the value thereof, and of foreign coin, ... coin money; emit bills of credit; make any thing but gold and silver coin a tender in payment of debts".

If the Constitution is the supreme law of the land, why has our government permitted the misuse of power that the Federal Reserve has created? Here's one clue. Mayer Anselm Rothschild said, "Permit me to issue and control the money of a nation and I care not who makes its laws."

This is not the end of the deception. To be passed into law, the states must ratify any amendments to the Constitution by two-thirds majority. The 16th Amendment was sent out to the states with specific instructions not to alter or change anything. This amendment was necessary for the Federal Reserve to work and obtain its powers. 32 of the 36 states needed for passage did change the language, but that was immaterial. State records indicate that this amendment was never ratified. This was confirmed by research done by Bill Benson and others.

Now that the Federal Reserve was in place, and that war uses more materials and produces debt more quickly than anything else on earth, what would 1914 bring? The newly formed Federal Reserve was poised to produce any money the US Government might need from thin air with each dollar ready to make a healthy interest for private parties.

Tomorrow, the story continues with "the War to End All Wars".

Have nothing to do with the fruitless deeds of darkness, but rather expose them. For it is shameful even to mention what the disobedient do in secret. But everything exposed by the light becomes visible. Ephesians 5:11-13 (NIV)

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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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History of Money Part VII

The next saga of the Rothschilds' attempt to get control of the American economy continued after Andrew Jackson shut down the Second Bank of the United States. Fractional reserve banking moved like a virus through numerous state chartered banks instead causing the instability this form of economics thrives on. The continuous peaks and valleys of markets rising and falling, each cycle bringing more wealth to the Rothschilds and their widening network of financiers.

When people lose their homes, someone else wins them for a fraction of their worth. Depression is good news to the lender; but war causes even more debt and dependency than anything else, so if money changers couldn't have their central bank with a license to print money, a war it would have to be. Otto von Bismark, chancellor of Germany, said in 1876, "The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the US, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination over the world."

Slavery wasn't the only cause of the war, but of course that's not what we read in the history books. On April 12, 1861, this economic war began. Predictably, Lincoln needed money to finance the war effort. The money changers in New York, backed by the Rothschilds, offered loans from 24%-36% interest. Lincoln declined, and sought an alternative solution from his old friend, Colonel Dick Taylor of Chicago. Taylor's recommendation was fairly simple, "Just get Congress to pass a bill authorising the printing of full legal tender treasury notes... and pay your soldiers with them and go ahead and win your war with them also."

Lincoln questioned whether the notes would be accepted by the people of America. Taylor's response was, "The people or anyone else will not have any choice in the matter, if you make them full legal tender. They will have the full sanction of the government and be just as good as any money; as Congress is given that express right by the Constitution."

Lincoln agreed to try this solution and printed 450 million dollars worth of the new bills using green ink on the back to distinguish them from other notes. The "greenback" dollar was born and was in existence until 1994. Lincoln commented, "The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. ... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power."

The solution worked so well Lincoln was seriously considering this emergency measure as a permanent policy. The money changers quickly realized how dangerous this policy would be to them. An editorial article in the London Times expressed the central bankers' attitude toward Lincoln, "If this mischievous financial policy, which has its origin in North America, shall become underrated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the World. The brains and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." Hazard Circular, London Times 1865 (italics added)

In 1863, Lincoln needed just a bit more money to win the war. Seeing him in this vulnerable state and knowing that the president could not get the congressional authority to issue more greenbacks, the money changers proposed the passing of the National Bank Act. The act went through. From this point on, the entire US money supply would be created out of debt by bankers buying US government bonds and issuing them from reserves for bank notes (loans). Salmon P. Chase, Lincoln's former Secretary of the Treasury, after Lincoln's death lamented, "My agency in promoting the passage of the National Banking act (to the benefit of the international bankers), was the greatest financial mistake in my life. It has built up a monopoly which affects every interest in the country."

Lincoln did have an unexpected ally in this cause. The Tsar of Russia, Alexander II, was well aware of the money changers scam. The Tsar was refusing to allow them to set up a central bank in Russia. If Lincoln could limit the power of the money changers and win the war, the bankers would not be able to split America and hand it back to Britain and France as planned. The Tsar knew that this return to colonial status would eventually need to be paid back by attacking Russia, which was next on the money changers sights. The Tsar declared that if France or Britain gave help to the South, Russia would consider this an act of war. The North did prevail and France and Britain waited in vain for return of the colonies. Lincoln also had to wait for renewed public support before reversing the National Bank Act he had been pressured into approving during the war. However, he was killed on April 14th, 1865 before he had that chance.

Was this a coincidence? Lincoln commented about the control of the money changers, "The 'Money Trust' preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy."

Lincoln was clearly a threat to the international bankers. The British bankers opposed Lincoln's protectionist policies. Some Englishmen in the 1860's believed that "British free trade, industrial monopoly and human slavery travel together." Lincoln's policies after the Civil War would have destroyed the Rothschilds' commodity speculations. After the war, Lincoln planned a mild Reconstruction policy which would have enabled a resumption of agriculture production. The Rothschilds were betting the other way on high prices caused by a tough Reconstruction policy toward the South. Lincoln was viewed as a threat to the established order of things, and he was assassinated as a result. The goal was to weaken the United States so the Rothschilds could takeover its economy. An article titled "The Rothschilds' International Plot to Kill Lincoln" was published October 29, 1976, in New Solidarity.

Otto von Bismark commented after Lincoln's death, "The death of Lincoln is a disaster for Christendom. There is no man in the United States great enough to wear his boots... I fear those foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America, and use it systematically to corrupt modern civilisation. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the earth should become their inheritance."

Coincidence? John Wilkes Booth was a staunch advocate of the South. He had planned for six months to kidnap Lincoln in 1864. However, as the war waned, he suddenly changed his plot to assassination. Was he paid to do this? We may never know. But do you believe in coincidences?

Ill-gotten treasures are of no value,
but righteousness delivers from death. Proverbs 10:2 (NIV)

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History of Money Part VI

This week I will continue on with the history of money. After Nathan Rothschild made his personal fortune in one afternoon as result of Napoleon losing at the battle of Waterloo, the Rothschild family wanted to spread their dominance of the banking world from Europe to America, again. The 19th century became known as the age of the Rothschild's when it was estimated they controlled half of the world's wealth.

They had made two attempts already at getting control of the American economy; however, the founding fathers of our country were aware of the devastation that fractional reserve banking brings to the country controlled by it. The first two central banks chartered in the United States were eventually shut down, but not until prices rose and debt skyrocketed.

After the war of 1812 ended, Congress chartered the Second Bank of the United States in 1816. This war was meant to bring the new nation back to colonial status, but the British did not prevail and the new nation was finding its own feet. No doubt reeling from debt created by the war, the US government needed money to operate. So the Rothschilds tried a different tack. This Second Bank of the United States was also a privately owned bank, rumored to be backed by the Rothshilds. It was at this time that they began to name corporations and other entities by other names, hiding their control behind corporate veils.

The Second Bank continued the trend its predecessors started. Loans flow that were created out of thin air by the magic of fractional reserve banking. Prices rose, inflation reigned, and debt spiraled upward. When the charter came up for renewal in 1832, Andrew Jackson was president. Congress renewed the charter, but Jackson vetoed the renewal. His response gives us insight on the effect of the bank, "It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners... is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? ... Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence... would be more formidable and dangerous than a military power of the enemy. If government would confine itself to equal protection, and as Heaven does its rains, shower its favour alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles."

Jackson ordered the withdrawal of government deposits from the Second Bank and had them deposited into safe banks. Nicholas Biddle, head of the bank, openly threatened to cause a depression if the bank was not rechartered. His quote, "Nothing but widespread suffering will have an effect on Congress." He did just that by calling in existing loans and refusing to issue new loans, causing a massive depression in 1836. Jackson held his ground and the charter ended in 1836, shutting down the third central bank of the United States.

Jackson said two famous quotes, "The Bank is trying to kill me - but I will kill it!" and later "If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning..."

When asked later what he felt was the greatest achievement of his career, Jackson replied without hesitation, "I killed the bank!"

The Rothschilds would not accept defeat for long. They used a familiar tactic again - war. Stay tuned for the next chapter ...

Do not charge your brother interest, whether on money or food or anything else that may earn interest. You may charge a foreigner interest, but not a brother Israelite, so that the LORD your God may bless you in everything you put your hand to in the land you are entering to possess. Deuteronomy 23:19-20 (NIV)

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Applying History Lessons

All week I've covered a documented history of money, from biblical times through the early 1800s. The biggest economic problem in history has not been of wars, but what has led to those wars. That is greed. Over history, time and time again, a few people have taken greed to a whole new level. They pair one side against another and reap the profits from both sides. Usury, or lending at excessive interest, is a sure sign of greed. One thing is for certain is that history does repeat itself. Next week, I will show more examples of that.

Let's take a look at what is happening today to see if there are any correlations to past events. More importantly, can we see patterns and maybe avoid some traps that are certain to spring up? This week, the price of gold has made new highs this week before retreating slightly from last week's price of $911 per ounce. This week gold closed at $908.70. Silver continued its upward trend to close at $16.84 per ounce. The US dollar index continued its slide to close at 75.47 against the other world currencies. It is nearing an all time low of 74.50, set just a couple months ago. As the dollar continues to fall, many are turning to gold and silver to protect their assets, driving prices up. Precious metals has always been a safe haven for investors during times of economic uncertainty.

On other financial news, Business Week magazine has an article that the housing market can fall another 25% over the next two years. The S&P 500 has had its worst earnings report in six years. On Friday, the US non-farm payroll report that there were 17,000 fewer jobs this month. This is the first decline in jobs since 2003. On Wednesday, the Federal Reserve cut interest rates another 50 basis points, knocking the federal funds rate to 3.0% and the discount rate to 3.5%. The Fed is doing everything it can to keep the economy moving by making cheap money available to banks and businesses. Even the analysts are having a hard time denying that a recession is in full swing.

Nathan Rothschild manipulated the market when Napoleon lost at Waterloo. He sold British bonds at the top of the market and bought them back for a fraction of their worth later that afternoon. By the way, do we have a war going on now? Do we have huge companies and a few bigwigs that are getting rich over the miseries of others in Iraq and Afghanistan? Incidentally, what is Iraq and Afghanistan known for? Iraq has lots of oil fields and Afghanistan is the closest path to the sea for oil pipelines from rich oil fields in the southern part of the former Soviet Union. Is the war really on terror or is it just a way to get immense profits?

Furthermore, there will be others today that buy houses, loans, commodities, etc. when prices hit rock bottom. However, we have not come close to hitting rock bottom yet. The economic storm is only getting started. We still have Social Security, Medicare, and Medicaid facing insolvency in the coming years. How will millions of baby boomers pay for their "necessary" prescription drugs after they retire?

Rest assured, there will be people that will profit immensely from these contrived events. Will you just be another victim of their greed?

A greedy man stirs up dissension,
but he who trusts in the LORD will prosper. Proverbs 28:25 (NIV)

If you have comments or questions, please feel free to contact me at the address below.
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History of Money Part V

To continue on with the dominant role of the Rothschilds, Benjamin Franklin said it was the prime reason for the Revolutionary War. The Currency Act of 1764 crippled the prosperous economy of the colonies and sent them into a depression and later the war of independence.

After Lord Cornwallis surrendered in 1781, the colonies were desperate for financing. They were 25 million in debt and the public credit system had collapsed. Robert Morris, a delegate of the Constitutional Congress and signer of the Declaration of Independence from Pennsylvania, was unanimously appointed Superintendent of Finance. He imposed a fractional reserve banking system and the National Bank of North America was chartered. It began with a $400,000 loan from France. After 5 years in place, the value of the American money plummeted and the charter was not renewed.

Six years later, another group of private investors was able to get the First Bank of the United States chartered. Again they used the model of the Bank of England with fractional reserve banking. They did however, chose a new name to disassociate themselves from the first bank that had been shut down. Having learned their lesson the first time, they were able to get a 20 year charter. Just the year before, Mayer Amschel Rothschild said, "Let me issue and control a nation's money and I care not who writes the laws."

The government borrowed 8.2 million from the bank in the first five years and prices subsequently rose 72%. President Thomas Jefferson in 1798, who could see an ever increasing debt with no hope of paying in back said, "I wish it were possible to obtain a single amendment to our Constitution - taking from the federal government their power of borrowing."

As with the first bank, the government had been the only depositor to put up any real money, with the vast majority raised from loans the investors made using the magic of fractional reserve banking. When it was time for renewal of the charter, the bankers warned of bad times ahead if they didn't get their renewal. The charter was not renewed. Five months later, Britain attacked America and started the War of 1812. Again, there is no mention of this in the history books as to the cause of the war.

Around this time, Napoleon Bonaparte was also distrustful of the Rothschild controlled Bank of France. He said in 1815, "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

For both sides of a war to be loaned money from the same privately owned central bank is not unusual. Nothing generates debt like war. A nation will borrow any amount to win. So naturally if the loser is kept going to the last straw in a vain hope of winning, then the more resources will be used up by the winning side before their victory is obtained. That means more resources used, more loans taken out, more money made by the bankers; and even more amazingly, the loans are usually given on condition that the victor pays the debts left by the loser.

Napoleon did not fall into that trap. In 1803, instead of borrowing from the Bank of France, he sold territory west of the Mississippi River to the United States and President Thomas Jefferson for 3 million dollars in gold. This deal was known as the Louisiana Purchase. Napoleon used the money to build an army and conquered much of Europe. Each place Napoleon went, he found his opposition being financed by the Bank of England, which made huge profits as Prussia, Austria, and finally Russia all went heavily into debt trying to stop him.

The Rothschild family, however, had the last laugh with Napoleon. Four years later, Nathan Rothschild took charge of a bold plan to smuggle a shipment of gold through France to finance an attack from Spain by the Duke of Wellington. Wellington's attack from the south and other defeats eventually forced Napoleon into exile. However, he escaped from his banishment on the island of Elba, off the coast of Italy, and returned to Paris. By March of 1815, Napoleon had equipped an army with the help of borrowed money from the Eubard Banking House of Paris.

The famous battle of Waterloo resulted three months later where Napoleon led 74,000 French troops against 67,000 British and other European troops 200 miles Northeast of Paris. Back in London, the real winner, Nathan Rothschild, was poised to strike in a bold plan to take control of the British stock market, the bond market, and possibly even the Bank of England.

Nathan, knowing that information is power, stationed his trusted agent named Rothworth near the battle field. As soon as the battle was over, Rothworth returned to London delivering the news of Napoleon's defeat 24 hours ahead of Wellington's courier.

A victory by Napoleon would have devastated Britain's financial system. Nathan openly began to sell huge amounts of British government bonds. Everyone interpreted that the British lost and sold as well, crashing the value of the bonds. Then, Nathan began to secretly buy the devalued bonds at a small fraction of what they worth a few hours before. In this way Nathan Rothschild captured more in one afternoon than the combined forces of Napoleon and Wellington had captured in their entire lifetimes.

Do you still think that the markets are not manipulated and governments are not controlled, even in today's times?

There will be more about the expanding control of the Rothschilds and their associates, and their roles in world events next week. Stay tuned ...

We know that anyone born of God does not continue to sin; the one who was born of God keeps him safe, and the evil one cannot harm him. We know that we are children of God, and that the whole world is under the control of the evil one. I John 5:18-19 (NIV)

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com

I give special thanks to the XAT group in London, England for much of the historical background of money presented this week.