November 18, 2008
In light of the current global financial meltdown, an examination of recent history in the United States may help us to get a better handle on our present day economic issues.
The United States was successfully seized by international bankers with the passing of the Federal Reserve Act in 1913. Then, with the crash of 1929, further control was gained and great profits were reaped by its engineers. Now, these same interests have their sights set on the globe in an unprecedented power grab. Daily calls for a “New World financial Order” and global governance are now a common occurrence. Discussion of dropping the dollar as the world reserve currency and the creation of a world currency is now taking place.
Author and researcher Gary Allen writes in his 1979 book None Dare Call it Conspiracy:
“When the Federal Reserve System was foisted on an unsuspecting American public, there were absolute guarantees that there would be no more boom and bust economic cycles. The men who, behind the scenes, were pushing the central bank concept for the international bankers faithfully promised that from then on there would be only steady growth and perpetual prosperity. However, Congressman Charles A. Lindberg Sr. accurately proclaimed:
“From now on depressions will be scientifically created.”
Using a central bank to create alternate periods of inflation and deflation, and thus whipsawing the public for vast profits, had been worked out by the international bankers to an exact science.
Having built the Federal Reserve as a tool to consolidate and control wealth, the international bankers were now ready to make a major killing. Between 1923 and 1929, the Federal Reserve expanded (inflated) the money supply by sixty-two percent. Much of this new money was used to bid the stock market up to dizzying heights.
At the same time that enormous amounts of credit money were being made available, the mass media began to ballyhoo tales of the instant riches to be made in the stock market. According to Ferdinand Lundberg:
“For profits to be made on these funds the public had to be induced to speculate, and it was so induced by misleading newspaper accounts, many of them bought and paid for by the brokers that operated the pools…”
The House Hearings on Stabilization of the Purchasing Power of the Dollar disclosed evidence in 1928 that the Federal Reserve Board was working closely with the heads of European central banks. The Committee warned that a major crash had been planned in 1927. At a secret luncheon of the Federal Reserve Board and heads of the European central banks, the committee warned, the international bankers were tightening the noose.
Montagu Norman, Governor of the Bank of England, came to Washington on February 6, 1929, to confer with Andrew Mellon, Secretary of the Treasury. On November 11, 1927, the Wall Street Journal described Mr. Norman as “the currency dictator of Europe.” Professor Carroll Quigley notes that Norman, a close confidant of J. P. Morgan, admitted: ‘I hold the hegemony of the world.’”
Author William T. Still offers further evidence in his 1990 book New World Order: The Ancient Plan of Secret Societies:
“Through the Roaring Twenties some eight billion dollars was sliced off the federal deficit incurred during the Wilson administration. James Perloff observed: ‘This atmosphere was apparently not to the liking of the Money Trust.’
In 1929, only nine months after the inauguration of Herbert Hoover, the third consecutive Republican president, leaders of America’s new secret society, the Council on Foreign Relations, engineered the Great Crash of 1929. The crash was the most significant fruit of the new Federal Reserve – the system initiated to prevent such occurrences. Between 1923 and 1929, the Federal Reserve inflated the nation’s money supply by sixty-two percent. In the year before the crash, more than 500 banks failed nationwide. The stage was now set for disaster.
Louis McFadden, chairman of the House Banking Committee blamed the international bankers for the Crash:
‘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 rulers of us all.’
Curtis Dall, a broker for Lehman Brothers, later to head up the ultra right wing Liberty Lobby in the 1970’s, was on the floor of the New York Stock Exchange the day of the Crash. As he explained in FDR: My Exploited Father-In-Law, published in 1970, the Crash was triggered by the planned sudden shortage of call money in the New York money market.
Plummeting stock prices ruined many small investors, but the top ‘insiders’, like John D. Rockefeller, Bernard Baruch, and Joseph P. Kennedy, made vast fortunes by getting out just before the Crash, then buying back at wholesale prices afterwards.”
Globalist Bankers destroy economies, lives, families and hope. They are the architects of enslavement.
For those of you that have listened to what I have to say, you know that the “news” you get from mainstream media is complete propaganda put out by the corrupt global corporations that run our Govt. and try to run our lives.
Of course this is nothing new! Lies and disinformation have been put out for years by people who are either well-meaning fools who sincerely believe the blather they preach or by operatives who are consciously working to deceive the people.
Either way – the majority of the news you are hearing (and will continue to hear) about the economy – is pure bull!
I thought it would be enlightening to review the lies put forth from “the establishment” during the last great economic crisis in America – the “Great Depression.”
Below is a chart that plots numbered statements and the date they were uttered with the ever falling Dow Jones index. Correlate the numbered statements to the chart. Most amusing!
Some of my critics consider the information presented here to be too “negative” or “depressing.” I would like to reiterate that the information presented here is neither. It is simply accurate, well-researched FACT.
Reality is what it is. The sooner all of us realize that, the better off we will be. Doing simple things like avoiding debt, converting a good portion of our assets to physical gold & silver, buying storable food, maintaining a means of self-defense, and not being deceived by the orchestrated frauds of our would-be “masters” will go a long way in ensuring our freedom and well-being. Some spiritual understanding of the forces involved is a good thing too. I will leave that to the reader’s initiative. It is difficult enough to get the average person to understand there is a GLOBAL CONSPIRACY TO CREATE ONE-WORLD GOVERMENT (A “New World Order”) when we have the Globalists own publications to prove it!
We just had an election in the United States in which a significant portion of the population voted for a man they believe will solve ALL their problems when he is, just like his opponent (and his predecessor) nothing more than a meat-puppet to enact the agenda of his masters. Even worse, many of the congress-critters that voted FOR the legalized theft of the US Treasury (also known as the “Banker-Bailout Bill”) got re-elected! Good Lord, if people can’t understand that our Govt. is NOT “our Govt.” and that it is in fact an organized criminal operation run by and for the Global Banks, I really don’t know what to say.
Here is the 1927-1933 “Chart of Pompous Prognosticators” Enjoy!
1. “We will not have any more crashes in our time.”
– John Maynard Keynes in 1927
2. “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”
– E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928
“There will be no interruption of our permanent prosperity.”
– Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928
3. “No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment…and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding.”
– Calvin Coolidge December 4, 1928
4. “There may be a recession in stock prices, but not anything in the nature of a crash.”
– Irving Fisher, leading U.S. economist , New York Times, Sept. 5, 1929
5. “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”
– Irving Fisher, Ph.D. in economics, Oct. 17, 1929
“This crash is not going to have much effect on business.”
– Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929
“There will be no repetition of the break of yesterday… I have no fear of another comparable decline.”
– Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929
“We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices.”
– Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929
6. “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”
– R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929
“Buying of sound, seasoned issues now will not be regretted”
– E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929
“Some pretty intelligent people are now buying stocks… Unless we are to have a panic — which no one seriously believes, stocks have hit bottom.”
– R. W. McNeal, financial analyst in October 1929
7. “The decline is in paper values, not in tangible goods and services…America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin.”
– Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929
“Hysteria has now disappeared from Wall Street.”
– The Times of London, November 2, 1929
“The Wall Street crash doesn’t mean that there will be any general or serious business depression… For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game… Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before.”
– Business Week, November 2, 1929
“…despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation…”
– Harvard Economic Society (HES), November 2, 1929
8. “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”
– HES, November 10, 1929
“The end of the decline of the Stock Market will probably not be long, only a few more days at most.”
– Irving Fisher, Professor of Economics at Yale University, November 14, 1929
“In most of the cities and towns of this country, this Wall Street panic will have no effect.”
– Paul Block (President of the Block newspaper chain), editorial, November 15, 1929
“Financial storm definitely passed.”
– Bernard Baruch, cablegram to Winston Churchill, November 15, 1929
9. “I see nothing in the present situation that is either menacing or warrants pessimism… I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.”
– Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929
“I am convinced that through these measures we have reestablished confidence.”
– Herbert Hoover, December 1929
“[1930 will be] a splendid employment year.”
– U.S. Dept. of Labor, New Year’s Forecast, December 1929
10. “For the immediate future, at least, the outlook (stocks) is bright.”
– Irving Fisher, Ph.D. in Economics, in early 1930
11. “…there are indications that the severest phase of the recession is over…”
– Harvard Economic Society (HES) Jan 18, 1930
12. “There is nothing in the situation to be disturbed about.”
– Secretary of the Treasury Andrew Mellon, Feb 1930
13. “The spring of 1930 marks the end of a period of grave concern…American business is steadily coming back to a normal level of prosperity.”
– Julius Barnes, head of Hoover’s National Business Survey Conference, Mar 16, 1930
“… the outlook continues favorable…”
– HES Mar 29, 1930
14. “… the outlook is favorable…”
– HES Apr 19, 1930
15. “While the crash only took place six months ago, I am convinced we have now passed through the worst — and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us.”
– Herbert Hoover, President of the United States, May 1, 1930
“…by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent…”
– HES May 17, 1930
“Gentleman, you have come sixty days too late. The depression is over.”
– Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
16. “… irregular and conflicting movements of business should soon give way to a sustained recovery…”
– HES June 28, 1930
17. “… the present depression has about spent its force…”
– HES, Aug 30, 1930
18. “We are now near the end of the declining phase of the depression.”
– HES Nov 15, 1930
19. “Stabilization at [present] levels is clearly possible.”
– HES Oct 31, 1931
20. “All safe deposit boxes in banks or financial institutions have been sealed… and may only be opened in the presence of an agent of the I.R.S.”
– President F.D. Roosevelt, 1933