Thursday, April 29, 2010

World War I

World War I
Thomas Allen

[Editor’s note: Footnotes in the original are omitted.]

The twentieth century was a century in which Illuminists made great progress. It was a century of wars and Communist revolutions. The wars and revolutions of this century were orgies of human sacrifices to Lucifer.

In the twentieth century, the Illuminists brought about two world wars. It divided Christendom into opposing camps and had Aryan Christians killing Aryan Christians in large numbers. Illuminists overthrew the Czar of Russia and made Russia an atheistic-communistic empire at the close of World War I. Then at the close of World War II, it had built Russia into a great military power controlling much of the world.

In 1871, Giuseppe Mazzini and Albert Pike proposed a series of world wars that would be so bloody that every country on Earth would surrender their sovereignty to an international governance like the United Nations. Pike concluded that three world wars would be needed to bring about Lucifer’s New World Order. So, the Illuminists planned three world wars to consolidate their world power. The first world war would overthrow the major monarchies of continental Europe, establish a communist regime, and lay the foundations for world government. The second world war would elevate Communism to a world power, give Communists control of Europe, empower Zionism in Palestine, and consolidate the establishment of world government. With the third world war, Communism (atheism), Christianity, Zionism (Judaism), and Islam would destroy each other, and the New World Order would be established with its one world government and one world religion. The third world war would grow out of the conflict between the Zionists and Moslems over Palestine. When the ashes of the third world war settled, Christianity would be no more. Every country would be ready to surrender all to an all powerful global government for the sake of peace.[1] The Illuminists would undisputedly reign supreme. Nimrod’s dream would be fulfilled. Lucifer’s New World Order would be firmly established, and Lucifer would rule all with the Illuminists as his governors and priests.

During the early years of the twentieth century, Illuminists were putting the final pieces in place to bring about the first of these massive war in Europe. This war became known as World War I.

The immediate cause of World War I was the assassination of Archduke Franz Ferdinand, heir to the throne of the Austro-Hungarian Empire. His assassin, Gavrilo Princep (Gabriel Prinzip), was “a progeny of Freemasonry.” Ferdinand knew that his life was in danger and had commented that the Freemasons had resolved to kill him. The Serbian Lodge Narodna Odbrana, in alliance with the Crna Ruka, organized the assassination.[2] The Jews of Salonika and the Committee for Union and Progress were involved in the assassination. The Serbian cabinet, King Alexander, the Russian Minister Hartwig, and the Russian military attache Artmanov knew about the plot to assassinate Ferdinand.[3]

Until the expulsion of the Turks, the Committee for Union and Progress was centered in the Jewish lodges of Salonika. It grew out of the Masonic lodge Macedonia Risorta. Emannuele Carass, a Salonikan Jew, established this lodge. This was one of the two lodges in Salonika under the Grand Orient of Italy.

The Grand Orient of France controlled the Grand Orient of Italy. Funding for the assassination of Archduke Ferdinand came from the Grand Orient of France through the Grand Orient of Italy to the Alliance Israelite Universelle, which was ostensibly a Jewish charitable trust.[4]

Both Austria and Serbia wanted war. While Germany was trying to restrain Austria, Illuminists controlling the governments of Russia, France, and Great Britain were pressing for a large-scale war. Years before it began, they had been planning for war. For years, the countries of Europe had been in an arms race.

Theobald von Bethmann-Hollweg, the Chancellor of Kaiser Wilhelm II, led Germany into war. He was a cousin of the Rothschilds and a member of the Frankfort banking family of Bethmann.

Wolff, the German news agency, filled Germans with a desire for war. The Rothschilds owned Wolff. Max Warburg, Wilhelm’s personal banker, was a leading member of Wolff. (The Rothschilds also had an interest in the British news agency Reuters and the French news agency Havas.)

Even before the opening shots, Rothschild Freres in France and J.P. Morgan and Co. in New York were planning to lend large sums to France to buy munitions and other supplies from the United States. Vanderlip, president of National City Bank, offered to support France. (Vanderlip would later be a major supporter of the Bolsheviks in Russia.) J.P. Morgan and Co. was Great Britain’s financial agent in the United States and lent Great Britain a large sum of money at the beginning of the war. Once in office, President Wilson made loans to Great Britain, France, and their allies.

American bankers also raised money for Germany. Kuhn, Loeb and Co. was the first to raise money for Germany, which was deposited with M.M. Warburg and Co. in Hamburg. Chase National Bank, Guaranty Trust Co., and Mechanics and Metal National Bank raised money that Germany used to fund its espionage activities in Mexico and the United States.[5]

Krupp of Germany provided steel for all the major navies involved in the war. The Rothschilds’ mine in Spain supplied lead to Germany. Du Pont provided 40 percent of the Allies’ powder. While war destroys lives of the common people, it can be extremely profitable to those with the right contacts.

After the war started, the main problem that the Illuminists faced was to keep it going. Germany lacked the food and coal for a long war. Without Germany, the war would soon fissile out. To overcome the food problem, Emile Francqui, director of the Belgian bank Societe Generale, and his close associate and friend, Herbert Hoover, organized the Belgian Relief Commission. (When the United States entered the war, Hoover became the head of the U.S. Food Administration.) J. Henry Schroder Banking Co. was a backer of the Belgian Relief Commission.[6] (J. Henry Schroder Banking Co. later helped finance Hoover’s presidential campaign.)

Once the war began the next great task was to bring the United States into the war, preferably on the side of Great Britain and France. This was not an easy task. Most Americans wanted to remain neutral. Almost half the American people had German ancestors. (The United States had the largest German population of any country outside Germany.) If forced into the war, most preferred to side with Germany. (The English were seizing and searching American officials and ships. They were intercepting mail to and from the United States. They were even using the United States flag. These actions had caused the War of 1812 between the United States and the English.[7]) Much deception would be needed, and was used, to get the United States to enter as an ally of the British.

The British Secret Intelligence Service flooded the United States with anti-German propaganda. British agents deceived gullible, credulous American journalists with doctored photographs and false documents. The British painted Germany as a militaristic monster that wanted to rule the world. (Meanwhile, Great Britain was maintaining the greatest, most extensive empire that the world had ever know and wanted to add Germany’s colonies to that empire. British soldiers were in more countries around the world than all other countries put together.) Sir Gilbert Parker was the British agent in charge of pro-British, anti-German propaganda in the United States. Another British intelligence agent sent to the United States to bring then into the war was Sir William Wiseman. As a reward for his excellent work, he was made a partner in Kuhn, Loeb and Co.

In 1916 Congress established the Council on National Defense. Although set up to develop plans to mobilize the United States if they were attacked, its real objective was to push the United States into the war. Daniel Willard (president of the B&O Railroad) was chairman. Other members included Bernard Baruch (Wilson’s campaign fund raiser and later head of the War Industries Board), Howard Coffin (president of Hudson Motor Car Co.), Walter S. Gifford (president of AT&T and a director of the Commission on Industrial Preparedness), Hollis Godfrey (president of Drexel Institute), Samuel Gompers (labor leader and a Jew), and Julius Rosenwald (merchant and philanthropist). Howard Coffin and Elihu Root are credited with creating the Council.

Also, pushing the United States to enter the war was the Carnegie Endowment for International Peace, which was created in 1910.

Another organization established to bring the United States into the war was the Navy League. Henry Payne Whitney, a partner of J.P. Morgan and owner of Metropolitan magazine and a member of Skull and Bones, founded the Navy League. Other major actors in the Navy League were J.P. Morgan, Jr. (U.S. Steel), Charles Schwab (Bethlehem Steel), R. M. Thompson (International Nickel), and B. F. Tracy (attorney for Carnegie Steel Co.).

J.P. Morgan, Jr. had his agents to purchase the national and international policy of the 25 most influential newspapers in the United States. He and John D. Rockefeller used the newspapers under their control to propagandize for war against Germany and to promote financial, military, and other matters of interest to Morgan, Rockefeller, and their fellow Illuminists. With advertising money, Morgan and Rockefeller bullied most of the newspapers that they did not control directly into following their pro-war, anti-German line. Where this tactic failed, bribery often work.

During his first term, Wilson presented himself as “the great apostle of peace and neutrality.”[8] When he ran for reelection in 1916, he claimed that he would keep the United States out of the war. However, once he was reelected, he used an event that occurred in 1915, the sinking of the Lusitania to bring the United States into World War I. Using the sinking of the Lusitania and the Zimmerman telegram, Wilson was able to keep his promise to higher degree Illuminists and deliver the United States to the Illuminists. In 1917, the United States entered the war against Germany. (The international financiers needed the United States to protect the value of the French and British bonds that they had bought. France and Great Britain were broke, and Germany was beginning to win. If it won the war, the French and British bonds could have become worthless.)

Upon entering the war, Wilson turned the United States into a fascist state. He appointed Bernard Baruch, son of an immigrant from Poland, head of the War Industries Board, which had absolute control of every factory in the United States. He appointed Eugene Meyer, son of an immigrant from France, head of the War Finance Corp., which controlled the loan program that financed the war. Paul Warburg wrote the plan for organizing the War Finance Corp. Wilson had earlier appointed Paul Warburg, an immigrant from Germany, to the Board of Governors of the Federal Reserve System, which controlled the banking system, and, consequently, controlled credit and money in the United States.

Wilson filled his administration with agents and members of J.P. Morgan and Co. and Kuhn, Loeb and Co. His Secretary of the Treasury, William G. McAdoo, was an agent of Kuhn, Loeb and Co. Jerome Hanauer, a partner of Kuhn, Loeb and Co., became the Assistant Secretary of the Treasury in charge of Liberty Loans. Several other high-ranking officials in the Wilson administration represented these two companies.

Wilson also arrested and convicted persons speaking and writing against the war. Perhaps the most notable victim was Eugene Debs, head of the Socialist Party.

This war was supposedly fought “to make the world safe for democracy” and “to end all wars.” In reality, it was fought to establish a world government, an essential element of the New World Order. What seemingly was a nationalist war, Freemasons had converted into a socialist and holy war. They used it to bring about the Luciferian illuministic New World Order.

By the end of the war some 18 million people, mostly Aryans, had been sacrificed on Lucifer’s altar. Some $400 billion ($6100 billion in 2000 dollars) had been destroyed. The empires of Germany, Austria-Hungary, Russia, and Turkey were no more. Enormous wealth and power had been transferred to international financiers and other Illuminists.

The war also drove three great European monarchs from their thrones: Hohenzollern of Germany, Hapsburg of Austria-Hungary, and Romanov of Russia. By the end of the war, the governments of these countries were no longer monarchial in form. (Actually, Austria-Hungary ceased to exist as it was divided into Austria, Hungary, and Czechoslovakia and parts of it were given to Rumania, Serbia, Italy, and Poland.) The destruction of these monarchies was an illuministic goal.

Another important out come of World War I was the laying of the foundations to turn Palestine into a Jewish state. At the beginning of the war, Baron Edmund de Rothschild informed Dr. Chaim Weizmann, a leading Jewish Zionist, who became the first president of Israel, that the war would advance Zionism.[9] Following the war, Palestine became a British protectorate. At this time many Jews in Great Britain opposed Zionism and did not favor a Jewish state in Palestine. Most of the major opposition to Zionism came from Jews. They saw it as divisive. (Non-Jewish Zionists retaliated by ostracizing non-Zionist Jews.) Zionism’s greatest support came from such British leaders as Lloyd George (prime minister), Lord Arthur Balfour (foreign secretary), Lord Milner, Sir Mark Sykes (chief secretary to the war cabinet), Leopold Amery (colonial secretary), Lord Robert Cecil (assistant secretary for foreign affairs), General Jan Smuts (South African field marshal and later prime minister). With the Balfour Declaration, Great Britain promised to establish Palestine as a national homeland for Jews. The Zionist Jews promised to bring the United States into the war against Germany.[10] However, the Jews did not want the United States to enter the war until Czar Nicholas II had been overthrown. So, Wilson waited until he was overthrown before asking Congress for a declaration of war. Near the end of the war, the British conquered Palestine not for military purposes but for establishing a future Jewish state. In 1917, Jewish immigration to Palestine began in earnest. The Zionist dream of turning Palestine into a Jewish state came to fulfillment in 1917.

Moreover, the war caused the eventual abandonment of the gold standard. Because banks and governments had issued so much fiat money to finance the war, a return to the gold standard was not possible without greatly devaluing the currency in terms of gold or greatly reducing the currency and causing a depression to bring the currency back to its prewar value. Without a gold standard, bankers could issue money without restraint.

Furthermore, many Illuminists made a fortune out of the war. J.P. Morgan, Jr., Baruch, the Du Ponts, and other Illuminists made fortunes. Much money was made selling governments supplies that they did not need.

Another outcome of the war was the impoverishment of Great Britain. As a result, the leadership of Illuminism passed from Great Britain to the United States. Thus, Americans assumed the leadership role at the Versailles Peace Conference.

At a secret meeting of the Grand Orient of France and the International Masonic Conference in Paris in 1917, the agenda for Versailles Peace Conference was drawn up. Attending this Masonic Conference were representatives of Freemasons from Argentina, Belgium, Brazil, Italy, Portugal, Serbia, Spain, and the United States. (The chief beneficiary politically of World War I was Freemasonry. Between 1918 and 1930, Freemasons controlled European politics.) Part of this agenda was the Fourteen Points and the plan for the League of Nations, which Freemasons provided President Wilson.[11] (Establishing the League of Nation and the concomitant world government was a major reason for the war.) The agenda also included the abdication of the Hohenzollerns from the German throne and starvation of the Germans (the Allies blockaded the shipment of food into Germany following the war). The goal of the starvation was to bring about a Communist revolution in Germany. The plan also sought a federation of European states and a world court.

Freemasons and other Illuminists now began working for the next world war. The world’s most sinister Illuminists assembled at the Versailles Peace Conference to draw up a treaty to ensure that another world war would soon follow.

As a result of the treaty, Germany’s army and navy were greatly reduced and Rhineland was demilitarized. France obtained Alsace and Lorraine and the coal of the Saar valley. Germany lost her overseas colonies to France and Great Britain. A large portion of east Germany was surrendered to the newly formed country of Poland. Germany was saddled with reparations that she could never repay.

The Versailles Peace Conference consisted of three tiers or circles. The outer tier was the public conference. This tier was highly visible and attended by reporters from around the world. The next tier was the secret conference of the Big Five. Here the United States, Great Britain, France, Italy, and Japan met privately and discussed instructions from their hidden masters. The inner most tier was the nightly Masonic conferences. Only a select few attended these meetings. Here all the important decisions were made.[12]

To persuade and encourage Wilson to push the United States to join the League of Nations, Illuminists provided him private gifts of a million dollars in gold and precious gems.[13] Wilson also saw himself as the president of the new world government.

In 1915 the League to Enforce Peace was founded in the United States to promote world government following the war. Former President Taft headed it. Carnegie financed it. Theodore Marburg masterminded and ran it. Its principals were Perry Belmont (representing the Rothschilds), Lincoln Filene, John Hays Hammond (a South African revolutionist), Elihu Root (J.P. Morgan’s attorney), Jacob Schiff (Kuhn, Loeb and Co.), Isaac Seligman, and Oscar Straus. Through its British branch, Marburg worked with Lord James Bryce, Sir Edward Grey, and Sir Gilbert Parker to establish a League of Nations. President Wilson, Robert Cecil, and General Smuts introduced a draft of the scheme of the League of Nations at the Peace Conference.

Several Wall Street bankers accompanied Wilson’s delegation to Paris as part of the American delegation to the peace conference. They include Bernard Baruch (banker, Wall Street manipulator, Jew, and Freemason), Thomas Lamont of J. P. Morgan Co., L. L. Strauss of Kuhn, Loeb and Co., and Paul Warburg of Kuhn, Loeb and Co. and a former member of the Federal Reserve System. (Paul Warburg's brother Max Warburg, who was head of German secret service and head of M.M. Warburg Co., was the head of the German delegation. He accepted the reparations terms on behalf of Germany.) Paul Warburg represented American banking interests, and Max Warburg represented Germany banking interest. Other members of his entourage included Secretary of State Robert Lansing and his nephews, John Foster Dulles and Allen Dulles, Walter Lippman, Felix Frankfurter, and Supreme Court Justice Brandies. Baron Edmond de Rothschilds hosted the leading members of the American delegation.

Preceding Wilson to Europe was Colonel Edward House, Wilson’s alter ego and chief advisor. House was in charge of the American War Mission. Accompanying House was his son-in-law, Gordon Auchincloss, a Wall Street lawyer, a director of Chase National Bank, and second in charge of the American War Mission. Paul Cravath, a lawyer for Kuhn, Loeb and Co. was also part of the American War Mission and was third in charge.

Alfred Milner was the principal representative of Great Britain.

France’s chief representatives at the Versailles Peace Conference was Klotz, a Jew, France’s Finance Minister, and an agent of the Rothschilds (he is reported to have bribed the press for the Rothschilds). Baron Edmund de Rothschild of France was the dominating force of the Peace Conference. Klotz along with Baruch and Lord Cunliffe (Governor of the Bank of England) formed the Reparations Commission.

As economic advisor to the Versailles Peace Conference, Baruch imposed a horrendous reparation burden on Germany. (According to Lloyd George, “The protocol which was signed between the Allies and Associated Powers and Germany is the triumph of the international financiers. Agreement would never have been reached without the brusque and brutal intervention of the international bankers.”[14]) The reparation was made impossible for Germany to pay. Thus, Germany would be forced to seek political relief. The results were a ruinous inflation that destroyed the German middle class, and set the stage for Hitler’s revolutionary program The Peace Conference achieved its two primary purposes: the League of Nations and another world war.

Churchill later condemned the Unites States’ entry into World War I. If the United States had stayed out of Europe’s war, he remarked, “peace would have been made with Germany, and there would have been no collapse in Russia leading to Communism; no breakdown of government in Italy followed by Fascism; and Nazism would never have gained ascendancy in Germany.”[15] As a high degree Illuminist, he should have known one of the primary goals of the war was to turn Russia into a communist country. Another primary objective was to bring about World War II, which had not started when Churchill made this comment.

1. William T. Still, New World Order: The Ancient Plan of Secret Societies (Lafayette, Louisiana: Huntington House Publishers, 1990), p. 127.

2. Lady Queenborough (Edith Starr Miller), Occult Theocracy (Two Volumes, Hawthorne, California: The Christian Book Club of America, 1933), p. 602.

3. Eustace Mullins, The Curse of Canaan: A Demonology of History (Staunton, Virginia: Revelation Book, 1987), pp. 198-200.

4. Ibid., p. 200.

5. Antony C. Sutton, Wall Street and the Bolshevik Revolution (Morley, Western Australia: Veritas Publishing Company Pty., Ltd., 1981), pp. 64-67.

6. Eustace Mullins, Secrets of the Federal Reserve (1991), pp. 69ff.

7. William P. Hoar, Architect of Conspiracy: An Intriguing History (Belmont, Massachusetts: Western Islands, 1984), p. 101.

8. Martin A. Larson, The Federal Reserve and Our Manipulated Dollar (Old Greenwich, Connecticut: The Devin-Adair Company, 1975), p. 81.

9. Douglas Reed, Far and Wide. (1951), p. 285.

10. Comte Leon de Poncins, State Secrets: A Documentation of the Secret Revolutionary Mainspring Governing Anglo-American Politics (Translator Timothy Tindal-Robertson. 1975), p. 16.

11. Mullins, Curse of Cain, p. 204.

12. Ibid., pp. 204-205.

13. Mullins, Curse of Cain, p. 205. Eustace Mullins, The World Order: Our Secret Rulers (Second edition, Staunton, Virginia: Ezra Pound Institute of Civilization, 1992), p. 48.

14. Mullins, World Order, p. 49.

15. Gary Allen, None Dare Call It Conspiracy. Seal Beach, California: Concord Press, n.d., p. 66.

[Editor’s notes: List of references in the original are omitted.

Copyright © 2010 by Thomas Coley Allen.

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Saturday, April 17, 2010

Federal Reserve System

Federal Reserve System
Thomas Allen

[Editor’s note: Footnotes in the original are omitted.]

Perhaps the most powerful tool used by Illuminists to control a government is to control that government’s credit and issuance of money and the country’s banking system. (The fifth plank of the Communist Manifesto reads, “Centralization of credit in the hands of the state by means of a national bank with state capital and an exclusive monopoly.”) With the control of these, comes the control of the economy. (Mayer Amschel Rothschild said, “Give me control over a nation’s economy, and I care not who makes its law.”[1]) Control of the banking, credit, and monetary systems gives the Illuminists enormous influence and power over governments. (Reginald McKenna, president of Midlands Bank of England, said, “Those that create and issue the money and credit direct the policies of government and hold in their hands the destiny of the people.”[2]) They can dictate the terms upon which a government can borrow money. With this power, they can demand and ensure that the government will grant and protect their monopolistic control of the banking, credit, and monetary systems.

To gain and consolidate control and power, the Illuminists use what is often called the Babylonian monetary system. This system depends on a strong central government, which depends on a strong central bank for its continuous financing. Thus, the government grants the bank a monopoly over the money and credit system. The central bank controls the issuance of money, which for much of the twentieth century has been debt, i.e., the money that the people use represents someone’s debt. This power gives the central bank control of the economy.[3]

After the Napoleonic Wars, the Rothschilds established central banks in all the major countries of Europe. They used their power as central bankers to urge countries of Europe to undertake a massive arms buildup although Europe was living in a time of peace. By 1886 military expenditures had become so great that they were beginning to cause Europe’s economies to stagnate. Countries could not continue their arms buildup without either internal rebellion or external war. Yet, they had spent so much money on armaments that they could not finance a war. Finally, the United States offered away out of their problem.

In 1913, Woodrow Wilson became President of the United States. One of his first acts was to sign the Federal Reserve Act into law. A few months later World War I began. This law solved the problem of financing a world war.

The Federal Reserve Act and the Federal Reserve System that it established grew out of the work of a few major bankers and their political allies. In 1910 Paul Warburg of Kuhn, Loeb and Co.; Henry P. Davison, senior partner of J. P. Morgan and Co.; Charles D. Norton, president of (Morgan’s) First National Bank of New York; Frank A. Vanderlip, President of (William Rockefeller’s) National City Bank of New York; Benjamin Strong, vice-president of (Morgan’s) Bankers Trust Co.; and A. Piatt Andrew, Assistant Secretary of the Treasury, met with Senator Nelson Aldrich on Jekyl Island and secretly drafted a plan for an American central bank.[4] The essence of this plan later became the Federal Reserve System.

These bankers controlled heavy industry, oil, communications, and railroads in the United States. They had the reputation of controlling the entire money and credit of the United States. “They elected Congressmen, appointed judges, and bought and sold newspapers and publishing houses whenever they need a job done.”[5]

The first attempt at creating the Federal Reserve System failed because the bill was associated with the Republican Party, which was too closely connected with Wall Street. To solve this problem, the Illuminists decided to put the Democrats in power and have them introduce a new bill. This job was made easy when Theodore Roosevelt, the Republican President whom William Taft had succeeded, decided to run on the Progressive Party ticket. Jacob Schiff had persuaded Roosevelt to run against both Wilson and Taft[6] J. P. Morgan provided Roosevelt money and manpower to run an effective campaign. Two Morgan agents, Frank Munsey and George Perkins, practically ran Roosevelt’s campaign.[7] (Rockefeller financed Wilson’s campaign. Jacob Schiff, Paul Warburg, Bernard Baruch, Henry Morgenthau, Sr., Henry Dodge of National City Bank of New York, and Thomas Ryan, all of whom were bankers, and the first four of whom were Jews, Samuel Untermyer, a wealthy corporate Jewish lawyer, and Adolph Ochs, publisher of the New York Times, also supported Wilson.[8]) Roosevelt received more press coverage than Taft and Wilson combined. Thus, Roosevelt diverted enough votes from President Taft, who was a popular President and who opposed establishing the Federal Reserve System although the Republican platform endorsed it, to give Wilson the presidency. Wilson delivered the Federal Reserve Bank. Actually, the political influence of William Jennings Bryan (the ardent foe of the big bankers, leader of the Democratic Party’s left-wing, and Wilson’s Secretary of State) is what pushed the bill through Congress.[9] The “unseen guardian angel” of the Federal Reserve Act was Colonel Edward House, who was in constant contact with Paul Warburg while the Federal Reserve Act was being prepared and steered through Congress.

(Putting a President in office was nothing new to Morgan. J.P. Morgan and Co. and Kuhn, Loeb and Co. joined in an alliance in 1901 to form the Northern Securities Co. To stop the Department of Justice from prosecuting the Northern Securities Co. as a trust until a less vulnerable system could be worked out, Morgan, Schiff, and Paul Warburg got Theodore Roosevelt elected President in 1904. The Northern Securities Co. was the consolidation of the Rothschild empire in America. In 1869, J.P. Morgan and Co. became an international agency of the Rothschilds when J.P. Morgan and Anthony Drexel concluded an agreement with N.M. Rothschild Co. that made J.P. Morgan Co. its agent.)

The Federal Reserve System achieved the three main functions of a central bank. Private individuals owned the bank, received a profit from the ownership, and controlled the issuance of money. Through the Federal Reserve System, the owning banks could use the credit of the United States government for their own profit. They issued currency (federal reserve notes) on the credit of the United States government. The country’s entire financial resources were at the command of the Illuminists through the central bank. Perhaps most important, the Federal Reserve System mortgaged the country by involving it in perpetual war. Like all central banks, the Federal Reserve System sought to control the government by controlling loans to the government. It sought to influence economic activity and manipulate foreign exchanges. To secure its monopoly, it sought to influence politicians by economic rewards in the business world when they left government.

With the initial stock offering in 1914, six New York banks bought a controlling interest in the Federal Reserve Bank of New York. They were National City Bank (a Rockefeller bank), First National Bank (a Morgan bank), National Bank of Commerce (a Warburg bank), Hanover National Bank, Chase National Bank (a Rockefeller bank), Chemical Bank, and Marine National Bank of Buffalo (later Marine Midland).[10] These seven banks acquired more than 40 percent of the stock of the Federal Reserve Bank of New York. Some of the leading merchant banks of Great Britain controlled most of these banks. These British banks included Schroder Bank; Morgan, Grenfell and Co. (affiliated with J.P. Morgan Co.), Lazard Brothers; N.M. Rothschild; Brown Shipley Co. (affiliated with Brown Brothers, later Brown Brothers, Harriman).

The Federal Reserve System gave the international bankers control of the money and credit in the United States. (Federal reserve notes are privately issued money backed by the taxing power of the United States government to cover losses of the banks issuing the notes.) Thus, the international bankers gained control of the economy of the United States. With control of the economy, they could control the country. With control of the economy, they controlled and exaggerated the boom-bust cycle. Insiders who knew when the Federal Reserve Bank would begin expanding the money supply could buy property and shares when they were cheap before the expansion. Then they could sell just before the Federal Reserve Bank began to contract the money supply, which they would know in advance. As the economy crashed, they could again buy shares and property cheaply, often at distressed prices of bankruptcy. If their banks had financial difficulty because of loan defaults, the Federal Reserve Bank would lend them the money necessary to protect them from bankruptcy.

For the Illuminists, 1913 was a victorious year in the United States. They obtained a vast new source of revenue for the United States government with the ratification of the Sixteenth Amendment. (In 1909, Aldrich, John D. Rockefeller’s spokesman in Congress, proposed, with President Taft’s support, amending the Constitution to grant Congress the power to levy income taxes.) This Amendment gave them unrestricted power to tax incomes and estates. With unlimited power to tax incomes and inheritance, the economy could be socialized, unlimited wars fought, and foreign socialistic governments maintained in power with foreign aid. (Without the income tax, the United States’ participation in World War I was doubtful; this tax was necessary to pay for the war.) Next came the ratification of the Seventeenth Amendment, which destroyed what little remained of the federal republic that survived Lincoln’s war to destroy the South and the Constitution. This Amendment removed the elections of Senators from state legislatures and required them to be elected by popular vote. Perhaps their greatest victory came at the end of the year when the Federal Reserve bill became law. Now the Illuminists had the power to create booms and busts—and thus amass enormous fortunes for themselves.

1. H.S. Kenan, The Federal Reserve Bank (Los Angeles, California: The Noontide Press, 1966), p. 6.

2. Gary Allen, None Dare Call It Conspiracy (Seal Beach, California: Concord Press, n.d.), p. 41.

3. Eustace Mullins, The Curse of Canaan: A Demonology of History (Staunton, Virginia: Revelation Book, 1987), pp. 196-197.

4. G. Edward Griffin, The Creature from Jekyll Island (Westlake Village, California: American Media, 2002), p. 5.

5. Kenan, pp. 94-95.

6. Archibald E. Roberts, Emerging Struggle for State Sovereignty (Fort Collins, Colorado: Betsy Ross Press, 1979), p. 152.

7. Allen, p. 48.

8. Kenan, p. 123.

9. Martin A. Larson, The Federal Reserve and Our Manipulated Dollar (Old Greenwich, Connecticut: The Devin-Adair Company, 1975), pp. 46-47.

10. Eustace Mullins, Secrets of the Federal Reserve (1991), p. 34. Eustace Mullins, The World Order: Our Secret Rulers (Second edition, Staunton, Virginia: Ezra Pound Institute of Civilization, 1992), p. 103.

[Editor’s note: The list of references in the original is omitted.]

Copyright © 2010 by Thomas Coley Allen.

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