Paul Warburg, the European brought in to rewrite the current system of credit issuance - America, Britain and the Finance owe him a lot.You might just possibly imagine Gordon Brown, George Bush or the Lizard Queen making this as a campaign speech but could you imagine them actively and genuinely pursuing these policies?
… We see that in many things … life … is incomparably great in its material aspects, in its body of wealth, in the diversity and sweep of its energy, in the industries which have been conceived and built up by the genius of individual men and the limitless enterprise of groups of men.
But the evil has come with the good, and much fine gold has been corroded. With riches has come inexcusable waste. We have squandered a great part of what we might have used, and have not stopped to conserve the exceeding bounty of nature, without which our genius for enterprise would have been worthless and impotent, scorning to be careful, shamefully prodigal as well as admirably efficient.
We have been proud of our industrial achievements, but we have not hitherto stopped thoughtfully enough to count the human cost, the cost of lives snuffed out, of energies overtaxed and broken, the fearful physical and spiritual cost to the men and women and children upon whom the dead weight and burden of it all has fallen pitilessly the years through.
With the great Government went many deep secret things which we too long delayed to look into and scrutinize with candid, fearless eyes. The great Government we loved has too often been made use of for private and selfish purposes, and those who used it had forgotten the people.
There has been something crude and heartless and unfeeling in our haste to succeed and be great. Our thought has been 'Let every man look out for himself, let every generation look out for itself,' while we reared giant machinery which made it impossible that any but those who stood at the levers of control should have a chance to look out for themselves.
We have itemized the things that ought to be altered and here are some of the chief items:
A tariff which cuts us off from our proper part in the commerce of the world, violates the just principles of taxation, and makes the Government a facile instrument in the hands of private interests; a banking and currency system … perfectly adapted to concentrating cash and restricting credits; an industrial system which, take it on all its sides … limits the opportunities of labor, and exploits without renewing or conserving the natural resources of the country … watercourses undeveloped, waste places unreclaimed, forests untended, fast disappearing without plan or prospect of renewal, unregarded waste heaps at every mine.
This was Woodrow Wilson at his inauguration on March 4th, 1913 and a fascinating aspect, now secretly hidden from the public eye was that in those days it was nakedly open for all to see and presidents concerned themselves with these issues - a time long past.
He went further, in his 2nd Address to Congress, June 23, 1913:
Our banking laws must mobilize reserves … And the control of the system of banking of issue … must be vested in the Government itself, so that the banks may be the instruments, not the masters, of business and of individual enterprise and initiative.
The banking interests were more than happy to cajole him into signing the legislation setting up the Fed - a series of 12 banking houses who, far from being the "instruments", established the machinery for becoming the "masters".
It hardly mattered, for the ultimate goal was war and the profits that that entailed - not unlike the years 1929-45 and 2007-18.
Yes, he was naive. I agree that the aim was war.
ReplyDeleteI have read somewhere on an American site that it is not legally permitted to us to know who actually owns the Federal Reserve. Is this very peculiar assertion true? And if so, does anybody you know, know who the beneficial owner/s is/are?
ReplyDeleteNew York Fed has Morgan filials associated and certainly a Morgan background but who has the controlling interest I can't be sure. It scarcely matters as the policy and moves do the speaking for them.
ReplyDeleteThere's a good article on the Fed to be found here
ReplyDeleteThis article, David, takes one narrow aspect - whether the Fed makes money on the U.S. and then uses a catchcry "conspiracy theorists" which these days is meant to automatically negate any arguments made.
ReplyDeleteHypothetical - you say that the New York Fed makes a deal with an ECB. I call you a conspiracy theorist and the argument's finished before it starts - all because of two words. Therefore, according to the utterer of the words, the statement that a deal had been made is by definition also false.
The Fed's charter makes it quite clearly a set of 12 private banks and 12 was decided on at Jeckyl Island. The major financiers and industrialists were represented at that meeting.
There've been subsequent revisions but it's stil basically so. The Capitol does not increase or reduce interest rates - the Fed does. They are the supposed experts.
Therefore the Liberty article whichzeroes in on a narrow aspect - whether the Fed is making profits from the government - is not even a question but a simple nicety.
There are many people out there who latch onto an idea and mouth off about it without having done all the homework and Robertson appears to be in that camp.
I can't prevent him but it's hardly relevant anyway. So the author shows one thing - that the Fed doesn't make huge personal profits from the government. And what?
The profits come and have always come form the private sector and through private contracts with insider knowledge e.g. Teapot Dome, Halliburton.
This article is a furphy.
Whoever does control the Fed controlls the world in effect, that much we do know. Also based on past performance - they don't have "our" interests at heart.
ReplyDelete