The Great Depression
[Editor’s note: Footnotes in original are omitted.]
An important aspect of World War I was that it had transferred enormous wealth to the international financiers while enslaving the American people. World War I was the cap stone of a process that began with the Great Depression to transfer massive amounts of wealth to the Illuminists and to convert the United States into a fascist country controlled by the Illuminists.
The most important actor in causing the Great Depression was the Bank of England, headed by Montagu Norman, who was called “the currency director of Europe,” in conjunction with the British government and the international financiers in the City of London. Benjamin Strong, the governor of the Federal Reserve Bank of New York, was Norman’s chief American coconspirator in this endeavor. Strong had great influence over Andrew Mellon, Secretary of the Treasury for Harding, Coolidge, and Hoover. In Germany, Norman’s chief coconspirator was Hjalmar Schacht, Governor of the German Reichsbank and later Hitler’s Finance Minister.
In 1925, Montagu Norman, Hjalmar Schacht, and Charles Rist (deputy governor of the Bank of France) came to New York and met with Benjamin Strong. The purpose of this meeting was to inflate the money supply in the United States, which was done by lowering the interest rate in the United States. Norman returned in 1927 to promote once again inflation and speculation. Again the Federal Reserve System cut the interest rate. The 1928-1929 bull market resulted. In 1929, Norman visited Mellon in Washington. Soon after this visit, the Federal Reserve System abandoned its easy money policy, began raising interest rates, and contracting the money supply. Furthermore, to collapse the speculative bubble in the United States, the Bank of England began raising interest rates in Great Britain. The bubble burst.
The Illuminists put Franklin Roosevelt, who was a high degree Illuminist and a shrewd servant of the international financiers, into office in 1933 to do their bidding. They were through with President Herbert Hoover and wanted to replace him with Roosevelt. They wanted Roosevelt to bring fascism to the United States, which he did by building on and expanding programs that Hoover had started. Once in office, Roosevelt processed to complete the work begun by President Woodrow Wilson to reduce the American people to slavery under the crushing power of the international financiers.
The Illuminists created the Great Depression and used it to make Roosevelt President. The Great Depression started during Hoover’s first year as President. Between 1923 and 1929, the Federal Reserve System greatly expanded (inflated) the money supply. Then the bankers who controlled the Federal Reserve System started the Great Depression by greatly contracting the money supply. Although the Federal Reserve System could have alleviated much of the misery by expanding the money supply, which the law required it to do so, it did not. (If it had complied with the law, it would not have expanded the money supply during World War I and the 1920s.) When Roosevelt took office, the Federal Reserve System began expanding the money supply by creating money to buy government securities.
Congressman Louis McFadden, Chairman of the House Banking and Currency Committee, correctly explained the Great Depression, “It was not accidental. It was a carefully contrived occurrence. . . . The international bankers sought to bring about a condition of despair here so that they might emerge as the rulers of us all.”
To ensure that Roosevelt would do their bidding, the Illuminist surrounded him with their agents. Among them were five communist agents: Alger Hiss, John Abt, Nathan Witt, Nathaniel Weyl, and Charles Kramer. Another agent was Stuart Chase, a Fabian, who believed in executing people who did not obey the government’s economic edits and who is credited with writing Roosevelt’s order stealing the gold owned by Americans.
Through Roosevelt and their other agents in his administration, the Illuminists destroyed most of what remained of the United States Constitution. One of the biggest achievements of the Illuminists was transferring legislative powers from Congress to “independent” presidentially controlled boards and commissions, which the Illuminists could more easily control than they could control Congress.
Another coup achieved by the Illuminists was to control that they gained over the States, universities, and farmers with federal aid and over business and labor unions with contract money. They also gained controlled over business, labor unions, farmers, and universities through new regulatory agencies. (Illuminists used these controls to prolong the Great Depression.) The success of this illuministic coup was guaranteed when Roosevelt appointed four Illuminists to the United States Supreme Court: Hugo Black, Felix Frankfurter, Stanley Reed, and William O. Douglas.
Once in office, Roosevelt raised taxes enormously. By greatly increasing public indebtedness, he transferred debt from the rich to the poor.
He outlawed gold as domestic money and forced Americans to exchange their gold for federal reserve notes. While Americans received $20.67 per ounce of gold that they were forced to sell to the Federal Reserve System, foreigners received $35.00 an ounce after Roosevelt devalued the dollar.
Claiming that he was going to bring prosperity, he greatly increased federal expenditures. Yet, he and the bankers knew that the Federal Reserved System, which they controlled, would not allow prosperity to return until the war that they wanted occurred. War was to the way to prosperity that they chose. Posing as the protector of the common man and as a great philanthropist, he gave the people insufferable debt and taxes.
The purpose and result of the Great Depression were (1) to punish the American people for not joining the League of Nations, (2) to increase greatly Illuminists’ control over business and finance in the United States, and (3) to bring about an enormously larger intrusive government. Illuminists who knew in advance that the international financiers were going to crash the stock market and economy, many lesser Illuminists lack this knowledge, sold their stock holdings early. Then, after the average stock price fell 90 percent, they bought blue chip companies far below their natural price. They were able to consolidate industries under their control.
Roosevelt prolonged the Great Depression to give the Rockefellers and other Illuminists more opportunity to buy stocks cheaply. It was also prolonged so that the United States government could usurp more power. The more people suffered, or perceived themselves suffering, the more willing they would be to sell their birthright and enslave themselves to the Illuminists, who controlled the United States government, for a morsel of security. The longer the misery lasted, the more willing the people would be to exchange their liberty for the security of slavery—though they would not perceive, or admit, that they were slaves.
With the Great Depression and World War II, Roosevelt crushed the American people under undreamed of federal control for the benefit of the Illuminists and their New World Order. He enslaved them for the Illuminists.
To transfer enormous amounts of wealth to the Rothschilds and other international financiers, the Bretton Woods pact was created. Its documents were made inviolable and placed beyond the reach of any government or court. It was exempted from taxation, so no government could levy taxes on any of its earnings. Furthermore, its officers and personnel were placed above the law in that they were immune from legal processes. Out of the Bretton Wood pact came the general agreement on tariffs and trade (GATT), which destroyed the British Empire and is now destroying the American empire.
More importantly than leading the United States into war, was Roosevelt’s deathblow to the Constitution. Roosevelt completed the work of converting the United States from a federal republic under common law to a fascist democratic state governed by bureaucratic fiat. Collective responsibility replaced individual responsibility.
Gary Allen, None Dare Call It Conspiracy (Seal Beach, California: Concord Press, n.d.), p.55.
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Copyright © 2010 by Thomas Coley Allen.
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